MICROCAPITAL BRIEF: Helmig’s FS Invest Buys 75% of Invest in Visions, Microfinance Fund Manager in Germany

FS Invest Holding, which is owned by Germany’s Helmig family, recently paid an undisclosed sum to acquire a 75-percent stake in Invest in Visions (IIV). Launched in 2006, IIV manages “investments in sustainable agriculture, social enterprises and social impact lending,” including in microfinance institutions (MFIs) and decentralized

MICROCAPITAL BRIEF: EBRD Loans $2.4m to ProCredit Bank Bosnia and Herzegovina for Energy Efficiency, Homeowners Eligible for EU Grants

The UK-based European Bank for Reconstruction and Development (EBRD) recently announced it is lending EUR 2 million (USD 2.37 million) to ProCredit Bank Bosnia and Herzegovina (PCB BiH) to on-lend for residential “investments in insulation, windows, heat pumps, solar panels and other improvements” that reduce energy usage. PCB BiH is a member of Germany’s ProCredit Holding, whose members provide

MICROCAPITAL BRIEF: Fusion Microfinance Raises $12m in Debt from Bank im Bistum Essen (BIB) to Increase Financial Inclusion for Women in India

Fusion Microfinance, a microfinance institution in India, recently borrowed EUR 10 million (USD 12.2 million) from Bank im Bistum Essen (BIB), a cooperative bank based in Germany. The loan proceeds are intended for Fusion Microfinance to

MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Raises $24m from BMZ via KfW

The German Federal Ministry for Economic Cooperation and Development, which is also known by its German acronym BMZ, recently invested EUR 20 million (USD 24.3 million) in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), which supports micro-, small and medium-sized enterprises (MSMEs) in 19 countries. The investment, which BMZ issued through Kreditanstalt für Wiederaufbau (KfW), a government-backed development bank in Germany, is earmarked for the nine of REGMIFA’s target countries that participate in the G20 Compact with Africa. A total of 12 African countries are active in the Compact with

MICROCAPITAL BRIEF: Societe Generale’s MobiasBanca, European Fund for Southeast Europe (EFSE) Partner on “My First Card” Financial Education in Moldova

MobiasBanca, the Moldovan subsidiary of France-based Groupe Societe Generale, has been funded by the development facility of the Luxembourg-domiciled European Fund for Southeast Europe (EFSE) to support financial education for youth in Moldova. Through the “My First Card” campaign, youth have been trained to

MICROCAPITAL BRIEF: Germany’s Kreditanstalt fur Wiederaufbau (KfW) Loans $130m to Small Industries Development Bank of India (SIDBI) for Micro-, Small and Medium-Sized Enterprise (MSME)

Kreditanstalt fur Wiederaufbau (KfW), a German development bank, recently loaned a total of EUR 100 million (USD 130 million) to Small Industries Development Bank of India (SIDBI), a state-owned bank, for on-lending to micro-, small and medium-sized enterprises (MSMEs) in India.