MICROCAPITAL BRIEF: Pakistani Government Asks Commercial Banks to Lend $940m More to Small Businesses Owned by Younger People

The Pakistani government reportedly has asked state-owned commercial banks such as the National Bank of Pakistan and First Women Bank Limited to provide loans ranging from PKR 500,000 (USD 4,720) to PKR 2 million (USD 18,900) to 100,000 borrowers within the next year. Continue reading

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $20m to Bank Republic of Georgia to Support Lending to Micro-, Small Enterprises (MSEs)

The European Fund for Southeast Europe (EFSE), a Luxembourg-based, EU-backed microfinance investment vehicle (MIV), recently agreed to grant a senior loan facility of USD 20 million to Bank Republic, a Georgian member of the France-based financial group Société Générale [1]. Continue reading

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $1.3m to Azerbaijani Viator, $1.6m to Kosovar Kreditimi Rural i Kosoves

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based investor in microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has made a loan of EUR 792,000 (USD 1,068,000) to Viator, an Azerbaijani MFI. Continue reading

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Distributes $675k Loan to Cambodian MFI Chamroeun,Takes 20% Stake and Gives Funding to Senegalese Senegalaise des Filieres Alimentaires SA (SFA)

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based financial service provider for microfinance institutions (MFIs) and social business projects, recently reported to MicroCapital that it has distributed the second tranche of a three-year loan of EUR 500,000 (USD 675,000) to Chamroeun, a Cambodian MFI that offers savings, loans and microinsurance [1]. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Mobile Banking, Financing Incremental Housing Improvements, Middle East and North Africa (MENA) 2012 Microfinance Snapshot

“Microfinance and Mobile Banking: Blurring the Lines?”; by Michel Hanouch and Sarah Rotman; published by CGAP (Consultative Group to Assist the Poor); 2013; 20 pages; available at http://www.cgap.org/sites/default/files/Focus-Note-Microfinance-and-Mobile-Banking-August-2013.pdf

This report presents the results from a study conducted by US-based NGO CGAP (Consultative Group to Assist the Poor) that explored the impact of mobile banking services on the microfinance market. Continue reading

MICROCAPITAL BRIEF: Bangladeshi Grameen Bank to Be Placed Under Jurisdiction of Bangladesh Bank

The Bangladeshi government reportedly has decided to place the Grameen Bank, a Bangladeshi microfinance institution (MFI), under the direct control of the Bangladesh Bank, the country’s central bank, allegedly in order to “better monitor” the microcredit organization [1]. Continue reading

MICROCAPITAL BRIEF: Micro Housing Finance Corporation (MHFC) Raises $5.6m in Equity from Michael and Susan Dell Foundation, India Financial Inclusion Fund, Unilazer Ventures

The Micro Housing Finance Corporation (MHFC), an India-based finance company that provides housing loans of up to INR 500,000 (USD 8,040), recently announced that it has raised INR 35 million (USD 5.62 million) in equity. Continue reading

MICROCAPITAL BRIEF: Indonesia’s Otoritas Jasa Keuangan to Regulate Microfinance Institutions Beginning in 2015

Otoritas Jasa Keuangan (OJK), an agency of the Indonesia government that regulates the financial services sector, has announced that it will take over the role of regulating microfinance institutions (MFIs) from Bank Indonesia, the central bank of Indonesia, in 2015. Continue reading

MICROCAPITAL BRIEF: Arab Centre for Agricultural Development, European Investment Bank, Grameen Credit Agricole Microfinance Foundation, Solidarite Internationale Pour Le Development et L’investment, Triple Jump Sign $5.3m Agreement to Support Microfinance in Palestine

The Arab Centre for Agricultural Development (ACAD), an NGO microfinance institution (MFI) in Palestine; the European Investment Bank (EIB), a Luxembourg-based long-term lender for the European Union; Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based NGO that provides financing and technical assistance to MFIs; Solidarité Internationale pour le Développement et l’Investissement (SIDI), a France-based NGO that provides financial and technical support to MFIs; and Triple Jump, a Netherlands-based microfinance fund manager, have signed an agreement to support microfinance in Palestine through funding and training [1]. Continue reading

MICROCAPITAL BRIEF: Absolute Portfolio Management (APM) Issues $12.5m in Credits from Dual Return Funds to Microfinance Institutions in Asia, Latin America

Absolute Portfolio Management (APM), an Austria-based asset management company that offers investment and advisory services to microfinance institutions (MFIs), recently issued approximately USD 12.5 million in credit to unspecified MFIs in Armenia, Azerbaijan, Bolivia, Cambodia, Costa Rica, Ecuador, Nicaragua and Tajikistan. Continue reading

MICROCAPITAL BRIEF: Moody’s Analytics Partners with Africa Microfinance Network (AFMIN) to Deliver Social Performance Assessments (SPAs) in Sub-Saharan Africa

The Africa Microfinance Network (AFMIN), a Benin-based association of 1,100 African microfinance institutions (MFIs) serving 20 million clients, recently partnered with Moody’s Analytics, a US-based financial risk management company that provides risk management, credit analysis, research and training tools for financial institutions, to deliver Social Performance Assessments (SPAs) in Sub-Saharan Africa. Continue reading

MICROCAPITAL BRIEF: UK-Based Standard Chartered Bank Loans $1.8m to Asa Philippines Foundation

Standard Chartered Bank (SCB), a UK-based financial services company, reportedly has extended a loan of PHP 80 million (USD 1.8 million) to Asa Philippines Foundation (Asa), a Manila-based provider of loans, savings, insurance, business development training and academic scholarships for clients and their children in the Philippines. Continue reading

MICROCAPITAL BRIEF: OPIC to Support Citi in Loaning up to $200m to Support Small Businesses in Africa, Asia, Eastern Europe, Latin America

Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1]. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Issues Local-currency Loan of $1.5m to First MicroCredit Company of Kyrgyz Republic

The UK-based European Bank for Reconstruction and Development (EBRD), a multilateral institution that finances development projects, recently provided a local-currency loan equivalent to USD 1.5 million to First MicroCredit Company (FMCC), a Kyrgyz microfinance institution, to support on-lending to its micro-, small and medium-sized enterprise (MSME) customers, especially those in the agricultural sector. Continue reading