MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia

The Facility for Sustainable Entrepreneurship and Food Security (FDOV), a facility of the Dutch Ministry of Foreign Affairs, has granted an undisclosed amount of funds to Swiss commodity trading company Ecom Agroindustrial to fund a pilot-lending program for small-scale farmers in Colombia to be carried out in mid-2014. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $21m Loan to Compagnie Internationale de Leasing (CIL) for Micro-, Small and Medium-sized Enterprises (MSMEs) in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is considering offering a senior, unsecured loan of approximately EUR 15 million (USD 21 million) to Tunisian leasing company Compagnie Internationale de Leasing (CIL) to expand its servicing of micro-, small and medium-sized enterprises (MSMEs) in Tunisia. Continue reading

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue reading

MICROCAPITAL BRIEF: European Bank For Reconstruction and Development (EBRD) Brings “Small Business Support” Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms

The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in the UK, has brought its Small Business Support (SBS) facility for small and medium-sized enterprises (SMEs) to Jordan. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), BG Kazakhstan to Extend Technical Assistance to Programme for Women, Young Entrepreneurs in Kazakhstan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it will add a second year to its effort with BG Kazakhstan, a subsidiary of UK-based oil and gas company BG Group, to support women and young entrepreneurs in the Burlinskiy district of western Kazakhstan [1]. Continue reading

MICROCAPITAL BRIEF: Commercial Bank of Zimbabwe (CBZ) Holdings to Develop Low-Cost Housing in Zimbabwe

Commercial Bank of Zimbabwe (CBZ) Holdings, a Zimbabwe-based financial services conglomerate, recently announced that it will begin building low-cost houses in June 2014 on some of the land it owns, which is valued at a total of USD 66.7 million, with the aim of alleviating the shortage of housing facilities in Zimbabwe. Continue reading

MICROCAPITAL BRIEF: Belgazprombank (BGPB) of Belarus to Receive $41m Syndicated Loan from European Bank for Reconstruction and Development (EBRD), European Fund for Southeast Europe (EFSE)

Belgazprombank (BGPB), a Belarus-based commercial bank owned by Gazprom of Russia, Gazprombank of Russia, Beltransgaz of Belarus and the Belorussian government, recently entered into an agreement with the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, and the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, to accept a five-year, syndicated loan of  EUR 30 million (USD 41.4 million). Continue reading

MICROFINANCE PAPER WRAP-UP: “Using Subsidies for Inclusive Insurance: Lessons from Agriculture and Health;” by Ruth Vargas Hill, Gissele Gajate-Garrido, Caroline Phily, and Aparna Dalal; Published by International Labour Organization

“Using Subsidies for Inclusive Insurance: Lessons from Agriculture and Health;” by Ruth Vargas Hill, Gissele Gajate-Garrido, Caroline Phily, and Aparna Dalal; published by International Labour Organization; January 2014; 55 pages; available at http://www.microinsurancefacility.org/publications/mp29

This report was published by the Microinsurance Innovation Facility, a nonprofit research institution housed within the UN’s International Labour Organization (ILO) that promotes the development of insurance products and risk-mitigation markets in developing economies. Continue reading

MICROFINANCE PAPER WRAP-UP: “Literature Review on the Impact of Microinsurance,” Published by Microinsurance Innovation Facility

“Literature Review on the Impact of Microinsurance,” published by the Microinsurance Innovation Facility, October 2013, 15 pages, available at http://www.microinsurancefacility.org/publications/rp35

Microinsurance is a financial instrument that provides coverage to help low-income individuals hedge against various risks. Continue reading

MICROCAPITAL BRIEF: Goldman Sachs, International Finance Corporation (IFC) Announce $600m Fund for Women-owned Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and US-based investment bank Goldman Sachs Group (GS) recently announced the establishment of the “Women Entrepreneurs Opportunity Facility,” a USD 600 million credit fund aimed at supporting women-owned small and medium-sized enterprises (SMEs) in emerging economies. Continue reading

MICROCAPITAL BRIEF: India’s IntelleGrow Completes Second Round of Financing, Raising $4.6m from Omidyar Network, Michael and Susan Dell Foundation

IntelleGrow, an India-based lender to small and medium-sized enterprises (SMEs), recently announced that it raised INR 250 million (USD 4.1 million) from Omidyar Network, a US-based social investment firm, and INR 30 million (USD 500,000) from the Michael and Susan Dell Foundation, a US-based nonprofit institution, in return for stakes in the company of undisclosed size. Continue reading