MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $20m to Attawfiq Micro-Finance for Microlending in Morocco

The International Finance Corporation (IFC), a US-based development finance institution and a member of the US-based World Bank Group, recently loaned USD 20 million to Attawfiq Micro-Finance, a nonprofit microfinance institution (MFI) based in Casablanca, Morocco, for onlending to microenterprises in an effort to further Morocco’s economic development. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $20m to Attawfiq Micro-Finance for Microlending in Morocco Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: African Women Invited to Apply for MasterCard Foundation Scholarships for Sustainable Microenterprise and Development Program (SMDP) in Ghana by February 7, 2014

MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, is offering an undisclosed number of scholarships, ranging from USD 1,000 to USD 4,500, for women in Africa who have at least two years of work experience in the microenterprise development field to attend the Sustainable Microenterprise and Development Program (SMDP), an educational workshop that will be held in the Accra, Ghana, from March 10-21, 2014. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: African Women Invited to Apply for MasterCard Foundation Scholarships for Sustainable Microenterprise and Development Program (SMDP) in Ghana by February 7, 2014 Posted in Africa, Events

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $14m to Societe Generale Banka Montenegro to Support On-Lending for Housing

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is lending EUR 10 million (USD 13.5 million) to Societe Generale Banka Montenegro, a subsidiary of French banking group Societe Generale, for on-lending to individual borrowers to finance long-term residential mortgages in Montenegro. Continue reading

MICROCAPITAL BRIEF: Chinese Internet Companies Alibaba, Baidu Offer Financial Services Through Subsidiaries Yu’e Bao, Baifa

Internet companies in China reportedly are increasing financial inclusion through services such as Yu’e Bao, an online savings and investment product of e-commerce player Alibaba Group, and Baifa, an online “wealth management” product launched by search engine Baidu [1]. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Effectiveness of Microfinance in Cambodia; Scaling Up in Agriculture and Development; Mobile Savings in Ecuador

“AMK Cambodia – Have AMK loans helped its clients improve their overall wellbeing?”, published by Angkor Mikroheranhvatho Kampuchea (AMK); January 2014; 12 pages; available at https://www.incofin.com/sites/default/files/attachments/newsitems/Change%20Study_AMK_2014.pdf

This report explores the results of a five-year study of the effectiveness of Angkor Mikroheranhvatho Kampuchea (AMK), a Cambodian microfinance institution, in helping increase its clients’ livelihoods through microcredit services. Continue reading

MICROFINANCE EVENT: New Ventures Mexico to Host 4th Annual “Latin American Impact Investment Forum (FLII),” February 18 – 20, 2014, Merida, Mexico

Event Name: Latin American Impact Investment Forum (Foro Latinoamericano de Inversion de Impacto)

Event Date: February 18 – 20, 2014

Event Location: Hyatt Regency, Merida, Mexico Continue reading

Written by Comments Off on MICROFINANCE EVENT: New Ventures Mexico to Host 4th Annual “Latin American Impact Investment Forum (FLII),” February 18 – 20, 2014, Merida, Mexico Posted in Events, Latin America

MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan

Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan Posted in Africa, Middle East

MICROCAPITAL BRIEF: Student Microfinance Movement “Month of Microfinance” to Promote Dialogue about Client-centered Microfinance During April 2014

The Student Microfinance Movement, a US-based network of student organizations, recently announced that it will celebrate its annual “Month of Microfinance” during April 2014. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Student Microfinance Movement “Month of Microfinance” to Promote Dialogue about Client-centered Microfinance During April 2014 Posted in Events, Trends/Challenges

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $18m from Dual Return Funds to Microfinance Institutions in Asia, Latin America

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 18.5 million for microfinance institutions (MFIs) in Armenia, Azerbaijan, Ecuador, El Salvador, Georgia, India, Peru, Sri Lanka and Tajikistan [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $18m from Dual Return Funds to Microfinance Institutions in Asia, Latin America Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $25m to Belvnesheconombank (BelVEB) of Belarus to Support On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a 5-year loan of USD 25 million to Belvnesheconombank (BelVEB), a Belarus-based commercial bank owned by Russia’s Bank for Development and Foreign Economic Affairs (Vnesheconombank), the Belarusian development ministry, and the Minsk City Territorial Fund of State Property, the Belarusian municipal development fund. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $25m to Belvnesheconombank (BelVEB) of Belarus to Support On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs) Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: Triodos Loans $9.6m to Microfinance Institutions Grameen Koota of India, Koperasi Mitra Dhuafa (Komida) of Indonesia

Triodos Investment Management, a subsidiary of Dutch Triodos Bank, recently disbursed local currency loans totaling the equivalent of USD 9.6 million to Grameen Financial Services Private Limited (Grameen Koota), a non-banking financial company (NBFC) in India, and Koperasi Mitra Dhuafa (Komida), an Indonesian microfinance institution (MFI) [1]. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $14m to Rosbank Leasing (RBL) of Russia for On-lending to Small and Medium-Sized Enterprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a 5-year senior loan of RUB 500 million (USD 14.4 million) to Rosbank Leasing (RBL), the leasing subsidiary of Rosbank, a Russia-based commercial bank. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $14m to Rosbank Leasing (RBL) of Russia for On-lending to Small and Medium-Sized Enterprises (SMEs) Posted in Deals, Eastern Europe and Central Asia

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $64.8m to Banque Tuniso-Kowetienne of Tunisia for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs), Trade Financing

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a loan of EUR 40 million (USD 54.8 million) to Banque Tuniso-Kowetienne (BTK), a Tunisia-based commercial bank. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $64.8m to Banque Tuniso-Kowetienne of Tunisia for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs), Trade Financing Posted in Africa, Deals, Middle East

MICROCAPITAL BRIEF: Bank of Ghana to Limit Number of Operating Licenses for Microfinance Institutions (MFIs)

The Bank of Ghana (BoG), the country’s central banking authority, has announced plans to limit the number of operating licenses it grants to microfinance institutions (MFIs) to an unspecified level. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Bank of Ghana to Limit Number of Operating Licenses for Microfinance Institutions (MFIs) Posted in Africa, Regulation

MICROCAPITAL BRIEF: Industrial Development Bank of India (IDBI) Introduces Kiosk Banking in 3 Rural Indian Villages

The Industrial Development Bank of India (IDBI), a government-owned financial services company, reportedly has installed kiosk banking units in three rural villages in the Indian state of Maharashtra. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $34.3m to European Fund for Southeast Europe (EFSE) for On-lending to 4k Micro- and Small Enterprises (MSEs) via Retail Lenders

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a loan of EUR 25 million (USD 34.3 million) to the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV) that was initiated by German development bank Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW) with the financial support of the German development ministry Bundesministerium für Wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) and the European Commission. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $34.3m to European Fund for Southeast Europe (EFSE) for On-lending to 4k Micro- and Small Enterprises (MSEs) via Retail Lenders Posted in Deals, Eastern Europe and Central Asia