by Elva Montelongo -

MICROCAPITAL BRIEF: Credit Bank, FSD Kenya Engaging SACCOs in Effort to Reduce Remittance Costs for Rural Kenyans

The UN’s International Fund for Agricultural Development (IFAD) recently announced a pair of programs that will operate in Kenya under the EU’s Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa). In particular, IFAD will fund

by Teo Lin-Bianco -

MICROCAPITAL BRIEF: Triple Jump via ASN Microkredietpool, NMI, Incofin Place $9.4m in Equity in Light Microfinance for Financial Inclusion of Women in Rural India

Light Microfinance, a non-banking finance institution in India, recently raised equity from three European organizations: USD 4 million from Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership active in Africa and Asia; USD 3 million from ASN Microkredietpool, a microfinance fund managed by Netherlands-based Triple Jump; and EUR 2 million (USD 2.4 million) from

by Eugene DeCosse -

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $1.5m to ACEP Niger, VisionFund Rwanda, LAPO of Sierra Leone

The Luxembourg-based Grameen Credit Agricole (GCA) Foundation has issued local-currency loans to three microfinance institutions (MFIs), approximately equivalent to the following amounts: USD 550,000 to ACEP Niger, an affiliate of the Agency for Private Enterprise Credit (ACEP) International; USD 540,000 to

by Eugene DeCosse -

MICROCAPITAL BRIEF: Activa Insurance, AXA Cameroon, IFC Launch Agricultural Index Insurance Project

The International Finance Corporation (IFC), a member of the World Bank Group, recently partnered with two insurance companies in Cameroon to create agricultural index insurance products. These products offer payments to

by Anesa Kratovac -

MICROCAPITAL BRIEF: BRAC, LOLC Micro Investments Buy 90% of Shares of Sri Lanka’s Nanda Investments and Finance, Plan its Downscaling to Microfinance

BRAC, an NGO that was formally known as the Bangladesh Rehabilitation Assistance Committee and serves eleven countries as of 2013, has bought 56.6 percent of the shares of Nanda Investments and Finance Public Limited Company, a Sri Lankan finance company specializing in deposits, loans, leasing and installment-based purchases [1].