MICROCAPITAL BRIEF: Financial Sector Deepening (FSD) of Kenya, Women’s World Banking of US Partner to Serve Women in Sub-Saharan Africa

Kenya-based Financial Services Deepening (FSD), a trust that provides funding to financial institutions, and US-based Women’s World Banking (WWB), a nonprofit that works with financial institutions to provide financial tools to low-income women in 28 countries, reportedly are partnering to provide financial services to women in Sub-Saharan Africa. Continue reading

MICROCAPITAL BRIEF: Fondazione Giordano Dell’Amore, European Microfinance Network (EMN) Announce Sixth Edition of $69k Giordano Dell’Amore Microfinance Good Practices Europe Award

The sixth annual edition of the Giordano Dell’Amore Microfinance Good Practices Europe Award, which seeks to recognize best practices in the European microfinance industry, has been announced by Fondazione Giordano Dell’Amore, an Italian foundation that supports microfinance, and the European Microfinance Network (EMN), a Belgium-based NGO that promotes microfinance and self-employment [1]. Continue reading

MICROCAPITAL BRIEF: Absolute Portfolio Management’s Dual Return Funds Loan $19m to Microfinance Institutions in Armenia, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Georgia, India, Kazakhstan, Mongolia

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently informed MicroCapital that it issued loans equivalent to approximately USD 19 million during November 2013 through the Dual Return Funds it manages to microfinance institutions in Armenia, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Georgia, India, Kazakhstan and Mongolia [1]. Continue reading

MICROCAPITAL BRIEF: Thailand’s Ministry of Finance Caps Microfinance Interest Rate at 3% Monthly, Sets Capital Requirement at $311k

Thailand’s Ministry of Finance has announced that beginning early in 2014, microfinance institutions (MFIs) will be able to apply for microfinance operating licenses from the Bank of Thailand, the country’s central bank [1] [2]. Continue reading

MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos

The Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International, has announced that it has raised USD 48 million in a second round of investments [1]. Continue reading

MICROCAPITAL BRIEF: Agence Française de Développement (AFD), Lift Above Poverty Organization (LAPO) Commit $8.3m to Housing Microfinance Project, Lafarge Nigeria to Provide Technical Assistance

Agence Française de Développement (AFD), France’s international development agency, has announced a long-term credit line of NGN 1 billion (USD 6.3 million) to Lift Above Poverty Organization (LAPO), a Nigerian microfinance institution (MFI), to support an affordable housing project that aims to enable low-income families in Nigeria to construct or improve their housing [1]. Continue reading

MICROCAPITAL BRIEF: European Commission’s “JASMINE Helpdesk” Answers Questions on Microfinance in Europe

The JASMINE (Joint Action to Support Microfinance Institutions in Europe) Helpdesk, which has been operational since 2011, is an online information service that provides answers to microfinance-related queries posed by representatives of microfinance institutions (MFIs), microentrepreneurs, and others interested in microfinance in Europe [1]. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: ANDE 2012 Impact Report; Microfinance Performance Evaluation; Status of Microfinance in Karnataka, India

“ANDE 2012 Impact Report”; The Aspen Institute; 2013; 39 pages; available at http://www.aspeninstitute.org/publications/ande-2012-impact-report

This document covers aspects of small and growing businesses including the barriers women business owners face in the marketplace. Continue reading

MICROCAPITAL BRIEF: Applications Open for $100k “Islamic Microfinance Challenge 2013: Beyond Murabaha”

The second Islamic Microfinance Challenge, a contest that encourages the design and application of microfinance products that are complaint with Islamic law (Sharia), is now accepting applications from Islamic financial services providers that offer Sharia-compliant products that are not based on the “murabaha” concept of “cost plus markup” [1]. Continue reading

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $20m Loan to Edyficar of Peru to Support Housing Finance

The Inter-American Development Bank (IDB), a US-based financial institution that supports small and medium-sized businesses, reportedly has approved a loan of USD 20 million to Edyficar, a financial institution in Peru that specializes in serving microenterprises, to increase housing loans. Continue reading

MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Issues $675m in Bonds to Fund Inclusive Finance, Renewable Energy, Agriculture, Other Projects

The Netherlands Development Finance Company (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently issued five-year  “Sustainability Bonds” in the amount of EUR 500 million (USD 675 million) to finance environmentally friendly and socially responsible initiatives related to renewable energy, agriculture, food processing, forestry, transportation, access to water and microfinance [1]. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Partnerships in Mobile Financial Services; Africa Microfinance Pricing Reports; Impact Assessment of EFC Zambia

Partnerships in Mobile Financial Services: Factors for Success;” by Mark Flaming, Aiaze Mitha, Michel Hanouch, Peter Zetterli and Greta Bull; published by the MasterCard Foundation and the International Finance Corporation (IFC); October 2013; 18 pages; available at http://www.ifc.org/wps/wcm/connect/88486280414940acb54ab79e78015671/Partnerships+in+Mobile+Financial+Services.pdf?MOD=AJPERES

This report presents findings from a study exploring the factors that determine the success of business partnerships among telecommunication firms, financial institutions and other organizations in providing mobile financial services. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $31m to Fullerton Credit to Support Small, Medium-Sized Enterprises (SMEs) in China

The International Finance Corporation (IFC), a member of the US-based World Bank Group, has announced an investment of CNY 186 million (USD 30.5 million) in Fullerton Credit (FC), a subsidiary of Singapore-based Fullerton Financial Holdings (FFH), to support financial access to small and medium-sized enterprises (SMEs) in western and central provinces of China [1]. Continue reading