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

MICROCAPITAL BRIEF: Kompanion Financial Group of Kyrgyzstan Receives Syndicated Loan of $12m from European Bank for Reconstruction and Development (EBRD), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it has arranged a three-year syndicated loan in local currency equivalent to USD 12 million for Kompanion Financial Group, a microfinance institution (MFI) in Kyrgyzstan [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Kompanion Financial Group of Kyrgyzstan Receives Syndicated Loan of $12m from European Bank for Reconstruction and Development (EBRD), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Posted in Eastern Europe and Central Asia, Key Players

MICROFINANCE EVENT: Sankalp Forum to Host “Sankalp Unconvention Summit 2014” on Social Enterprise and Investment, April 9 – 11, 2014, Mumbai, India

Event Name: Sankalp Unconvention Summit 2014

Event Date: April 9 – 11, 2014

Event Location: Hotel Renaissance, Mumbai, India Continue reading

MICROCAPITAL BRIEF: Central Bank of Zimbabwe Imposes 5% Tax on Mobile Money Services

The Central Bank of Zimbabwe reportedly has imposed a five-percent tax on the fees charged to effect mobile money transactions such as cash transfers, cellular phone payments and utility bill payments following lobbying effort by the Bankers Association of Zimbabwe, a nonprofit organization of member banks. Continue reading

MICROCAPITAL BRIEF: Indian Microfinance Institutions Trident, Bhartiya Samruddhi Finance Limited (BSFL) May Close Due to Lack of Funds

Trident Microfin Private Limited, a microfinance institution (MFI) in India, reportedly may shut down operations after being denied a loan write-down and additional funding from a forum of 21 lenders in the Indian state Andhra Pradesh. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Funding Trends for Inclusive Finance; Developments in Agricultural Microinsurance; Financial Inclusion in South Africa: Survey Results

Trends in International Funding for Financial Inclusion;” by Edlira Dashi, Estelle Lahaye and Ralitsa Rizvanolli; published by CGAP (Consultative Group to Assist the Poor); December 2013; 4 pages; available at http://www.cgap.org/sites/default/files/Brief-Trends-in-International-Funding-for-Financial-Inclusion-Dec-2013.pdf

This report explores qualitative and quantitative data reflecting trends in the public and private capitalization of financial service providers offering inclusive finance products and services. Continue reading

MICROCAPITAL BRIEF: Applications Open for Vodafone Americas Foundation’s $600,000 Wireless Innovation Project Contest

Vodafone Americas Foundation, a US-based subsidiary of UK-based Vodafone Group, has devised the Wireless Innovation Project, a contest to encourage the implementation of wireless technology to tackle social issues across the globe. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Applications Open for Vodafone Americas Foundation’s $600,000 Wireless Innovation Project Contest Posted in Key Players, Trends/Challenges

MICROFINANCE EVENT: Burgundy School of Business, ISCAE, Attawfiq Micro-Finance to Host “5th International Conference on Institutional and Technological Environment for Microfinance (ITEM5),” March 18 – 20, 2014, Casablanca, Morocco

Event Name: 5th International Conference on the Institutional and Technological Environment for Microfinance (ITEM5)

Event Date: March 18 – 20, 2014

Event Location: Institut Supérieur de Commerce et d’Administration des Entreprises (ISCAE), Casablanca, Morocco Continue reading

Written by Comments Off on MICROFINANCE EVENT: Burgundy School of Business, ISCAE, Attawfiq Micro-Finance to Host “5th International Conference on Institutional and Technological Environment for Microfinance (ITEM5),” March 18 – 20, 2014, Casablanca, Morocco Posted in Africa, Events, Technology

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $47m to Orient Express Bank of Russia to Support Energy Efficient Investments, Agriculture

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it has disbursed three loans in local currency equivalent to EUR 34 million (USD 46.5 million) to Orient Express Bank (OEB), a private commercial bank in Russia [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $47m to Orient Express Bank of Russia to Support Energy Efficient Investments, Agriculture Posted in Eastern Europe and Central Asia, Key Players

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $150m to Yes Bank of India for On-lending to Women-Owned Micro-, Small, Medium-Sized Enterprises (MSMEs)

The International Finance Corporation (IFC), a multilateral development bank and member of the US-based World Bank Group, plans to loan USD 150 million to Yes Bank, a commercial bank based in the Indian city of Mumbai. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $150m to Yes Bank of India for On-lending to Women-Owned Micro-, Small, Medium-Sized Enterprises (MSMEs) Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Citigroup, Overseas Private Investment Corporation (OPIC) Lend $10m to Bank of Georgia to Support Financial Inclusion of Micro-, Small Enterprises (MSEs)

Citigroup (Citi), a US-based financial services corporation with operations in 140 countries, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, have announced a term-loan of USD 10 million to Bank of Georgia, a commercial bank in Georgia that is a subsidiary of UK-based Bank of Georgia Holdings, to support the financial inclusion of microentrepreneurs and small businesses in Georgia [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Citigroup, Overseas Private Investment Corporation (OPIC) Lend $10m to Bank of Georgia to Support Financial Inclusion of Micro-, Small Enterprises (MSEs) Posted in Eastern Europe and Central Asia, Key Players

MICROFINANCE PAPER WRAP-UP: “A Guide to Responsible Investing,” Published by MicroRate

“A Guide to Responsible Investing,” published by MicroRate, December 2013, 7 pages, available at http://www.microrate.com/a-guide-to-responsible-investing-a-microrate-white-paper

MicroRate, a US-based for-profit microfinance rating agency, has published a primer introducing the terminology and practices used by the “responsible” investing community. Continue reading

Written by Comments Off on MICROFINANCE PAPER WRAP-UP: “A Guide to Responsible Investing,” Published by MicroRate Posted in Trends/Challenges

MICROCAPITAL BRIEF: MicroVest to Manage Calvert Foundation’s $50m Microfinance Investment Portfolio

Calvert Foundation, a US-based nonprofit organization specializing in social impact investment, recently announced that MicroVest Capital Management, a US-based private microfinance investment firm, will manage its USD 50 million microfinance investment portfolio. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: MicroVest to Manage Calvert Foundation’s $50m Microfinance Investment Portfolio Posted in Deals, Key Players

MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl

Indian microfinance institution (MFI) Utkarsh reportedly has raised INR 75.8 crore (USD 12.2 million) through the issue of non-convertible debentures (NCDs) to Mauritius-based Unit Trust of India International Wealth Creator 4, a fund of UTI Asset Management Company of India; the Microfinance Enhancement Facility (MEF), an investment vehicle founded by the World Bank’s International Finance Corporation and German development bank Kreditanstalt für Wiederaufbau (KfW); and AAV Sarl, a fund structured by Switzerland’s Symbiotics to deploy investments belonging to that firm’s clients. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl Posted in South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently invested USD 60 million in a 5-year, senior, unsecured USD 300 million bond issue by a Moroccan public joint stock bank, Banque Marocaine du Commerce Extérieur (BMCE). Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco Posted in Africa, Deals

MICROCAPITAL BRIEF: Telecom Tata Docomo to Expand Mobile Money, Payments to Cover 15 Additional Cities in India

Tata Docomo, an India-based telecommunications provider, reportedly has announced plans to expand mRupee, its money transfer and payments service, to 15 additional cities in India. Continue reading