MICROCAPITAL BRIEF: Advans SA Purchases 8.4% of Shares of Cambodian MFI Amret, Becomes Majority Shareholder; FMO Increases Stake to 19.9%

Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret. Continue reading

MICROCAPITAL BRIEF: Belcash, Moss ICT Ramp Up Mobile Money Services HelloCash, M-Birr in Ethiopia

Ethiopian banks and microfinance institutions increasingly are adopting mobile money services to allow their customers to send or receive money using mobile phones and other devices linked to their financial account. Continue reading

MICROCAPITAL BRIEF: Bank of Ghana Raises Microfinance Institution Capital Requirement to $263k

During the next three months, the Bank of Ghana, the country’s central bank, reportedly will raise the minimum capital requirement for microfinance institutions (MFIs) to GHS 1 million (USD 263,000). Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 19.9% Equity Stake in Cambodian Microfinance Institution Amret for $15m

The International Finance Corporation (IFC), member of the World Bank Group, recently acquired a 19.9-percent share of Amret, a microfinance institution in Cambodia, at a price of USD 15 million [1]. Continue reading

MICROCAPITAL BRIEF: World Bank Group’s International Finance Corporation (IFC) Increases Presence in Cameroon, Indonesia with $22m Equity Investment in Bank Mayora, Advisory Agreement with Advans Cameroun

The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs). Continue reading

MICROCAPITAL BRIEF: Triodos Sustainable Trade Fund Loans $800k to Organic Sesame Exporter Bioexport of Paraguay

The Triodos Sustainable Trade Fund, an investment vehicle managed by a unit of the Netherlands-based Triodos Bank, recently announced that it has invested in Bioexport, a Paraguayan firm that purchases sesame and other crops directly from farmers and cooperatives for export. Continue reading

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MICROCAPITAL BRIEF: Nigeria’s Grooming Centre to Issue Microloans on MasterCard Pre-Paid Cards

The Grooming Centre, a nonprofit provider of loans and deposit services to women in Nigeria for micro-, small and medium-sized enterprises (MSMEs), has partnered with MasterCard, a US-based payments company, to replace the NGO’s cash- and check-based loan disbursals with prepaid MasterCard-branded payment cards. Continue reading

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MICROFINANCE EVENT: 9th Annual Penn Microfinance Conference, “Adapt and React,” March 28, 2015, Philadelphia, Pennsylvania, USA

Event Name: 9th Annual Penn Microfinance Conference

Event Date: March 28, 2015

Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA

Summary of Event: This conference will focus on how the microfinance industry has adapted its product offerings and lending methods in the wake of increased government regulation and concern about over-indebtedness. The event will feature a keynote address by Dennis Ripley, the chief business development officer for Opportunity International, a US-based nonprofit providing microfinance services in 22 countries.

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MICROFINANCE EVENT: International Fund for Agricultural Development (IFAD), World Bank to Host Global Forum on Remittances, June 16-19, 2015, Milan, Italy

Event Name: Global Forum on Remittances 2015

Event Date: June 16-19, 2015

Event Location: Centro Congressi Stella Polare Conference Centre, Milan, Italy

Summary of Event: This event is intended to promote awareness of remittances sent by migrants to their home countries. Session topics will include trends in remittances sent from Europe, best practices in regulation, opportunities for financial inclusion, competition and transaction costs, new technologies, opportunities for public-private partnerships and strategies for developing public-private partnerships to further financial inclusion.

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MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Nordic 2015;” June 15-16, 2015; Copenhagen, Denmark

Event Name: TBLI Conference Nordic 2015

Event Date: June 15-16, 2015

Event Location: Ovnhallen Porcelænshaven 20, Copenhagen Business School; Copenhagen, Denmark

Summary of Event: This conference will include panels on topics such as low-carbon investment strategies, how asset owners can address climate change, investing in sustainable agriculture and food production, and social impact strategies for banks.

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MICROCAPITAL BRIEF: World Bank Group Loans $100m for MSMEs via Central Bank of Tunisia, Partner Banks

The World Bank Group’s International Bank for Reconstruction and Development (IBRD) recently loaned USD 100 million to the government of Tunisia to benefit micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROFINANCE EVENT: Social Capital Markets (SOCAP) to Host “SOCAP15,” October 6-9, 2015, San Francisco, California, USA

Event Name: Social Capital Markets “SOCAP15″

Event Date: October 6-9, 2015

Event Location: Fort Mason Center; San Francisco, California, USA

Cost: Regular admission to the event costs USD 1,395 plus a USD 9.95 processing fee. Registrations completed prior to March 26, 2015, are eligible for a discount of USD 600.

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MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Asia 2015;” April 29-30, 2015; Singapore

Event Name: TBLI Conference Asia 2015

Event Date: April 29-30, 2015

Event Location: INSEAD Asia Campus, Singapore

Cost: The standard cost to attend is SGD 795 (USD 716), with discounts offered to investors, NGO representatives and students, as well as to all attendees who register by April 3, 2015.

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MICROCAPITAL BRIEF: IFC Invests $16.5m in Tajikistan’s Imon International to Support Micro-, Small, Medium-sized Enterprises

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently mobilized a loan equivalent to USD 16.5 million to benefit Imon International, a microfinance institution (MFI) based in Tajikistan. Continue reading

MICROCAPITAL BRIEF: Deutsche Bank Announces Closing of $50m Social Enterprise Fund “Essential Capital Consortium” (ECC)

Germany-based Deutsche Bank’s Global Social Finance Group, which specializes in socially responsible investing, recently announced the closing of a five-year, USD 50 million Essential Capital Consortium (ECC) social enterprise fund. Continue reading