MICROCAPITAL BRIEF: India’s SIDBI Sets up $154m Fund to Support Micro-, Small and Medium-Sized Enterprises

The Small Industries Development Bank of India (SIDBI) recently announced that it has set up a fund with INR 10 billion (USD 154 million) to provide concessional financing to micro-, small and medium-sized enterprises (MSMEs) in the manufacturing sector. As per a statement released by SIDBI, the objective of the fund is to transform the Indian MSME sector into a “world class manufacturing hub” in line with the Indian government’s “make in India” program. Continue reading

MICROCAPITAL BRIEF: Housing Development Finance Corporation (HDFC) Bank Introduces Micro Automatic Teller Machines (ATMs) with Fingerprint Identification to Increase Access to Banking in Rural India

The Housing Development Finance Corporation (HDFC) Bank, an Indian financial services company, reportedly has introduced micro automatic teller machines (ATMs) in rural India to improve access to banking services in underserved areas of the country. Continue reading

MICROFINANCE EVENT: Triple Bottom Line Investing Presents ‘TBLI Conference Europe 2015’, November 19-20, Zurich, Switzerland

Event Name: TBLI Conference Europe 2015

Event Date: November 19-20, 2015

Event Location: GDI Gottlieb Duttweiler Institute, Langhaldenstrasse 21, 8803 Rüschlikon, Zürich, Switzerland

Cost: The cost of the event is CHF 625 (USD 639). A set of three private meetings with potential investors and business partners is available for an additional fee of CHF 500 (USD 511). Additional meetings can be booked at CHF 150 (USD 154) each. Continue reading

MICROCAPITAL BRIEF: Green For Growth Fund Disburses $22m to ProCredit Bank Serbia to Support Lending for Energy Efficiency Projects

The Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based investment vehicle that supports energy-efficient initiatives in Southeast Europe, recently disbursed a senior loan of EUR 20 million (USD 22 million) to ProCredit Bank Serbia (PBS), a commercial bank that is specialized in lending to micro-, small and medium-sized enterprises (MSMEs) in Serbia. Continue reading

MICROFINANCE EVENT: Sanabel 2015 Conference: “Progress towards Financial Inclusion; Global Trends and Regional Initiatives”, October 20-21, 2015, Sharm El Sheikh, Egypt

Event Name: Sanabel 2015 Conference: Progress towards Financial Inclusion; Global Trends and Regional Initiatives

Event Date: October 20-21, 2015

Event Location: Savoy Hotel, Sharm El Sheikh, Egypt

Participation: This event is open only to Sanabel members and scholarship recipients.

Summary of the event: Conference sessions will address regional trends, opportunities and alternative approaches to microfinance in Arab countries. Topics to be covered include (1) innovation and diversification of financial services; (2) how to enhance market penetration; (3) best practices for partnerships between the private and public sectors; and (4) increasing awareness of client protection while working towards financial inclusion [1]. Continue reading

MICROCAPITAL BRIEF: Sanad, Attijari Leasing Partner to Increase Financing for Small, Medium-sized Enterprises (SMEs) in Tunisia

The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Attijari Leasing, a Tunisia-based subsidiary of Attijari Bank that provides leasing services, signed a senior loan agreement for USD 5 million to support micro-, small- and medium-sized enterprises (MSMEs) in Tunisia. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will disburse a loan of USD 10 million to Hattha Kaksekar Limited (HKL), a microfinance institution (MFI) in Cambodia. Continue reading

MICROFINANCE EVENT: 2015 Small Enterprise Education and Promotion (SEEP) Network Annual Conference, September 28 – October 1, 2015, Arlington, Virginia, USA

Event Name: 30th Small Enterprise Education and Promotion (SEEP) Network Annual Conference: Inclusion and Resilience: The Next Challenge

Event Date: September 28 – October 1, 2015

Event Location: Renaissance Arlington Capital View Hotel, Arlington, Virginia, USA Continue reading

MICROCAPITAL BRIEF: Indonesia to Disburse $2.2b under Microfinance Program Kredit Usaha Rakyat (KUR) to Encourage Growth of Micro-, Small and Medium-Sized Enterprises (MSMEs)

The Indonesian government intends to disburse IDR 30 trillion (USD 2.2 billion) in small business loans under its Kredit Usaha Rakyat (KUR) program, which is intended to provide credit to micro-, small and medium-sized enterprises (MSMEs) and cooperatives. Continue reading

MICROCAPITAL BRIEF: Tanzania’s FINCA Microfinance Bank, Bharti Airtel to Provide Mobile Banking Services

FINCA Microfinance Bank (formerly FINCA Tanzania), an affiliate of nonprofit microfinance network FINCA International, has announced a partnership with Bharti Airtel, an Indian telecommunications company, aiming to provide mobile banking microfinance services to FINCA’s clients in Tanzania. Continue reading

MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $5.5m in Credits to Microfinance Institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia, Nicaragua

During July 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth USD 6 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia and Nicaragua. Continue reading

MICROFINANCE EVENT: Munich Re Foundation, FMSAR, Microinsurance Network to Host 11th International Microinsurance Conference, November 3-5, 2015, Casablanca, Morocco

Event Name: 11th International Microinsurance Conference 2015: Driving Growth and Sustainability – A Business Case for Microinsurance

Event Date: November 3-5, 2015

Event Location: Hyatt Regency Hotel, Casablanca, Morocco Continue reading

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $1.2m in Local Currency to Alidé, COMUBA of Benin

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued initial tranches of the following loans: (1) The equivalent of approximately USD 882,000 in local currency to be disbursed over three years to Alidé, a microfinance institution (MFI); and (2) the equivalent of approximately USD 336,000 in local currency to be disbursed over two years to the credit union La Coopérative Des Membres Unis Bethel Actions (COMUBA). Continue reading