MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $2.4m in Kenya to Juhudi Kilimo, Musoni Kenya, ECLOF

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of EUR 1.2 million (USD 1.3 million) to Continue reading

MICROCAPITAL BRIEF: IntelleGrow Raises $20m in Debt, Equity to Fund Micro-, Small, Medium-sized Enterprises in India

IntelleGrow Private Limited, an India-based nonbanking financial company specializing in venture debt that was founded by India’s Intellecap Capital Advisory Services, recently announced that it has raised INR 134 billion (approximately USD 20 million) in equity and debt. Continue reading

MICROCAPITAL BRIEF: Bâtisseur de Richesse (BR SARL) Among 50 Microfinance Institutions Closed in Gabon, David Mapakou Arrested For Alleged Savings Fraud

The Ministry of Economy of Gabon recently froze the activities of 50 microfinance institutions that lacked  approval to offer microfinance services. Continue reading

MICROCAPITAL BRIEF: KCB Bank, GoSwiff Roll Out Mobile Payments Solution in Rwanda

Kenya Commercial Bank (KCB), a Kenya-based publicly-traded financial services company, and GoSwiff, a Singapore-based payment facilitation firm, recently rolled out a mobile payment solution for merchants in Rwanda. Continue reading

MICROCAPITAL BRIEF: IFU; Private Investors in Denmark, Norway Launch Nordic Micro-financing Initiative

The Nordic Micro-financing Initiative, whose organizers intend it to “provide the less fortunate in the world access to micro-financing” was recently launched in Oslo, Norway. Funded by the Danish government’s Investment Fund for Developing Countries, the Norwegian government’s Norfund and unspecified private investors in Norway, the initiative targets women in 14 nations in Africa and Asia, giving them “an opportunity to invest their way out of poverty, inequality and bleak future prospects.” Continue reading

MICROCAPITAL BRIEF: The MasterCard Foundation Donates $12m to Microcred to Increase its Client Reach in Ivory Coast, Madagascar, Senegal to 1.2m by 2019

The Microcred Group, a France-based for-profit microfinance company and member of Positive Planet, recently announced it has been funded by The MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, to launch a financial inclusion programme in Ivory Coast, Madagascar and Senegal. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund Loans $10m to NBK-Egypt for SMEs

The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Luxembourg-based partnership that provides loans to financial institutions in the Middle East and North Africa, recently loaned USD 10 million to National Bank of Kuwait-Egypt (NBK-Egypt), the Egyptian unit of NBK. Continue reading

MICROCAPITAL BRIEF: FMO, ABN Amro, Privium Open FMO Privium Impact Fund to Invest in Job Creation, Environmental Efforts in Emerging Markets

Three Dutch institutions, development bank Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), Algemene Bank Nederland (ABN) Amro, and fund manager Privium, recently announced the opening of the FMO Privium Impact Fund. Continue reading

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $2.2m to Kreditimi Rural I Kosoves of Kosovo, $500k to First MicroCredit Company of Kyrgyz Republic

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions, recently informed MicroCapital that it has loaned Continue reading

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MICROCAPITAL BRIEF: Developpement international Desjardins (DiD) Supports Lenders of Centre de Traitement Informatise du Senegal in Reaching Clients via SMS Messaging

Développement international Desjardins (DiD), a unit of Canada’s cooperative Desjardins Group that promotes financial services in developing countries, launched a pilot program Continue reading

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MICROFINANCE EVENT: The MasterCard Foundation Symposium on Financial Inclusion, Award of $150k “Clients At The Centre” Prize, October 20-21, 2016, Kigali, Rwanda

Event Name: The MasterCard Foundation Symposium on Financial Inclusion

Event Dates: October 20-21, 2016

Event Location: Kigali, Rwanda Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Flexible Microloan Repayment Schedules in Bangladesh; Merchant Acceptance of Digital Payments in Developing Countries; Global Standard-setting Bodies and Financial Inclusion

“Cost-Benefit Analysis of Traditional Versus Flexible Microfinance in Bangladesh;” by S. Bairagi, W. Bin Shadat; published by the Copenhagen Consensus Center; May 2016;  32 pages; available at: http://www.copenhagenconsensus.com/sites/default/files/bin_shadat_microfinance.pdf Continue reading

MICROCAPITAL BRIEF: Bandhan Sells $474m in Microloans to HDFC Bank, IDBI Bank, Yes Bank

Bandhan Bank, an Indian microfinance institution that is organized as a commercial bank, recently sold INR 32 billion (USD 474 million) of “priority sector loans to more experienced private sector rivals to help them meet lending targets.” Indian regulators require banks to invest certain percentages of their holdings in “priority sectors” such as agriculture. Chandra Shekhar, the Managing Director of Bandhan Bank, said that Bandhan Bank had used “inter-bank participation certificates” to sell the loans to India’s HDFC Bank, IDBI Bank and Yes Bank. Continue reading

MICROCAPITAL BRIEF: EBRD Loans $5.7m to United Bulgarian Bank for Residential Energy Efficiency

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned USD 5.7 million to the United Bulgarian Bank (UBB), a unit of the National Bank of Greece, for investments to improve the energy efficiency of residential buildings in Bulgaria. The loan is provided as part of EBRD’s Residential Energy Efficiency Credit Line (REECL), a facility serving Bulgaria that was “established by the EBRD in 2005 and extended twice due to strong market demand.” Continue reading

MICROCAPITAL BRIEF: DiD Supports Microfinance Institution Kafo Jiginew in Offering “Input Savings” Voucher Plan to Help Farmers in Mali Buy Improved Pesticides

Developpement international Desjardins (DiD), a nonprofit unit of Canada’s cooperative Desjardins Group that promotes financial services in developing countries, recently partnered with Kafo Jiginew, a microfinance institution in Mali, to help it introduce a savings plan intended to address the fact that small-scale farmers often run out of funds between harvest and planting time. Continue reading

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MICROFINANCE EVENT: Participation for Harmonious Development Workshop, July 15-16, 2016, Fortune Institute of International Business, Delhi, India

Event Name: Participation for Harmonious Development: 1st Annual International Microfinance Research Workshop 2016

Event Dates: July 15-16, 2016

Event Location: Fortune Institute of International Business, Delhi, India

Continue reading

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