MICROCAPITAL STORY: Pakistan Poverty Alleviation Fund (PPAF) to Lend $3.4m to Microfinance Institution (MFI) BRAC Pakistan

The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership that promotes economic development, has signed an agreement with microfinance institution (MFI) BRAC Pakistan to provide it a loan facility of PKR 220 million (USD 3.4 million) for micro-lending activities.

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MICROCAPITAL STORY: ING Review of Crédit Agricole’s Microfinance Activities and Its Partnerships with Grameen, ACBA, and Trade Associations in Madagascar

The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as Crédit Agricole SA (CA). Continue reading

MICROCAPITAL STORY: Microfinance Risk Manager Predicts Effects of Food Crisis and Sub-prime Meltdown on Microfinance Institutions (MFIs)

Writing in the Globalist, an online magazine that covers globalization issues, David Apgar, a risk manager with microfinance investment management firm BlueOrchard Finance, discusses the link between the U.S. sub-prime meltdown and the global food crisis and their potential impact on microfinance institutions (MFIs). In short, he relates the rising prices of food to the currently stumbling U.S. economy’s influence on world financial markets; as a result, he posits that the poor may turn against the very system that has made it possible for many of them to benefit from microfinance.

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MICROCAPITAL STORY: BMCE Bank of Morocco Lends $12.5m to Microfinance Institution (MFI) FONDEP

Moroccan microfinance institution (MFI) FONDEP is to receive a loan of MAD 100 million (USD 12.5 million) from commercial bank BMCE (Banque marocaine du commerce extérieur) of Morocco, with a USD 3 million guarantee split between Grameen-Jameel Pan-Arab Microfinance Ltd, a for-profit venture that provides capacity building and financing to Arab MFIs, and the Grameen Foundation’s Growth Guarantee. It is the largest leveraged commercial transaction for a Moroccan MFI.

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MICROCAPITAL STORY: Société Générale de Banque Jordanie Lends $2.8m to Tamweelcom of Jordan

Société Générale de Banque – Jordanie has announced a loan of JOD 2 million (USD 2.8 million) to microfinance institution (MFI) Tamweelcom of Jordan, backed by a USD 846,000 guarantee from Grameen-Jameel Pan-Arab Microfinance Ltd, a for-profit venture that provides capacity building and financing to Arab MFIs.

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