MICROCAPITAL BRIEF: Mountain Hazelnut Venture Limited of Bhutan Secures $12m in Equity from G20’s GAFSP, ADB, IFC

The Global Agricultural and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, has approved an equity investment of USD 6 million in Mountain Hazelnut Venture Limited (Mountain Hazelnuts), a for-profit promoter of the production of hazelnuts in Bhutan. Continue reading

MICROCAPITAL BRIEF: Indian Microfinance Institution Ujjivan Goes Public, Raising $95m in Association With IPO

Ujjivan Financial Services, an Indian provider of microloans and life insurance, recently conducted its initial public offering (IPO), generating INR 3.6 billion (USD 54 million) from the sale of newly issued shares. Continue reading

MICROFINANCE BRIEF: Equity Bank, Ingenico, Tracom Enable Cashless Transfer Doorstep Money System for Government Payments in Kenya

Ingenico Group, a French electronic payment company, recently partnered with Kenya-based microfinance software company Tracom and Kenya-based Equity Bank, to create a system to facilitate the use of cashless money to pay “parking, land rates, business permits and market stall fees.” With this new system, “County agents, equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, can now simply collect payments when arriving at the business premises.” Continue reading

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MICROFINANCE EVENT: Financial Inclusion Advocacy Centre, GHAMFIN Present International Investors Conference for Microfinance Institutions in the West-African Sub-region, July 13-15, 2016, Accra, Ghana

Event Name: International Investors Conference for Microfinance Institutions in the West-African Sub-region

Event Dates: July 13-15, 2016

Event Location: Accra, Ghana Continue reading

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MICROFINANCE EVENT: BWTP, FDC, ADA, UNCDF, ADB to Co-host “Mekong Financial Inclusion Forum”, July 11-14, 2016, Phnom Penh, Cambodia

Event Name: Mekong Financial Inclusion Forum

Event Dates: July 11-14, 2016

Event Location: Intercontinental Hotel, Phnom Penh, Cambodia Continue reading

MICROFINANCE EVENT: CGAP (Consultative Group to Assist the Poor), Asian Development Bank (ADB), Asian Development Bank Institute (ADBI) Presents “Financial Inclusion in the Digital Economy” Conference, May 24-25, Manila, Philippines

Event Name: Financial Inclusion in the Digital Economy

Event Dates: May 24-25, 2016

Event Location: Asian Development Bank (ADB) headquarters, Manila, Philippines Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Provide Technical Assistance, $2.8m Loan to Microcredit Foundation MI-BOSPO of Bosnia and Herzegovina

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced it has loaned Microcredit Foundation MI-BOSPO, a nonprofit microfinance institution in Bosnia and Herzegovina, EUR 2.5 million (approximately USD 2.8 million). Continue reading

MICROCAPITAL BRIEF: Agence Française de Développement (AFD) Loans $12m to Enda Tamweel of Tunisia

Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe. Continue reading

MICROCAPITAL BRIEF: Indian Microfinance Lender Equitas Holdings Goes Public, Raising $330m

Equitas Holdings Limited, an Indian microfinance lender, recently opened its primary market sale. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Financial Diaries of Small-Scale Farmers in Mozambique, Pakistan and Tanzania; Rural Finance in India; Questioning Fundamental Assumptions in Financial Inclusion

“Financial Diaries with Smallholder Families;” by J. Anderson, W. Ahmed; published by CGAP (Consultative Group to Assist the Poor); February 2016; 108 pages; available at http://www.cgap.org/publications/financial-diaries-smallholder-families

This report investigates the financial situations of 270 families in Mozambique, Pakistan and Tanzania and the challenges they faced pertaining to agriculture, finance, health and education. The authors offer the following recommendations: (1) non-commerical smallholders in Mozambique would benefit from improved agricultural production and crop storage methods; (2) Tanzanian households should diversify their savings methods; and (3) Pakistani farmers would benefit from tools that may improve their relationships with middlemen. Continue reading

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MICROCAPITAL BRIEF: ADA, formerly known as Appui au Développement Autonome, Belgian Raiffeisen Foundation, CERISE Launch Interface Integrating SPI-4, MFI Factsheet on Microfact Website

ADA, formerly known as Appui au Développement Autonome; Belgian Raiffeisen Foundation; and Comité d’Echange, de Réflexion et sur les Systèmes d’Epargne-Crédit (CERISE) recently partnered to integrate the Social Performance Indicators 4 (SPI-4) and MFI Factsheet programs, which can be accessed through Microfact, an online platform that offers tools and workshops intended to improve the performance of microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Accion Venture Lab Invests in Alternative Credit Scoring Firm Aire

Accion, a US-based nonprofit providing microfinance services in 32 countries, recently announced that it will invest an undisclosed amount of money in Aire, a UK-based startup focused on credit score data analytics. Continue reading

MICROFINANCE EVENT: Association of the Luxembourg Fund Industry (ALFI), Luxembourg Fund Labelling Agency (LUXFLAG), European Microfinance Platform (e-MFP), Global Impact Investing Network (GIIN) to Co-host “Impact Investing Conference,” May 12, 2016, Luxembourg

Event Name: Impact Investing Conference

Event Dates: May 12, 2016

Event Location: Namur Premises, Luxembourg-Hamm Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Lends $17m to Finansbank of Turkey, Half for Micro-, Small Enterprises

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently extended a loan facility totalling EUR 15 million (approximately USD 17 million) to Finansbank A.S., a Turkish subsidiary of the National Bank of Greece Group, a financial conglomerate based in Athens. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Investments Loans $10m to Kompanion Bank of Kyrgyzstan

ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan the equivalent of USD 10 million to Kompanion Bank Closed Joint Stock Company, an organization in Kyrgyzstan whose business comprises more than 90 percent microfinance, according to the US-based nonprofit Microfinance Information Exchange. Continue reading

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SPECIAL REPORT: Luxembourg Ministry of Foreign and European Affairs Offers $114k Prize for Use of Microfinance to Increase Access to Education, Applications due June 1, 2016

The seventh European Microfinance Award, titled “Microfinance and Access to Education”, includes a cash prize totalling EUR 100,000 (approximately USD 114,000) to be presented by the Luxembourg Ministry of Foreign and European Affairs – Directorate for Development Cooperation and Humanitarian Affairs on November 17, 2016, during European Microfinance Week. Continue reading

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