MICROCAPITAL BRIEF: responsAbility Agriculture I Fund Takes Equity Stake in Indian Value-chain Lender Samunnati

Switzerland-based responsAbility Investments recently disbursed the first investment from its private equity fund responsAbility Agriculture I, acquiring a “significant” minority stake in Samunnati, a non-banking financial company in India that provides loans and advisory services to players in agricultural value chains. Although the price and size of the stake remain confidential, responsAbility Agriculture I generally places investments of

MICROFINANCE EVENT: International Conference on Responsible Inclusive Finance; March 21 – 22, 2018; Kigali, Rwanda

Summary of Event: As related to delivering “responsible” financial services, this conference will cover client protection, enabling environments, client perspectives and digital payments, including serving the

MICROCAPITAL BRIEF: Global Parametrics, 6 VisionFund Microfinance Institutions Prepare for Climate Disasters Under African and Asian Resilience in Disaster Insurance Scheme (ARDIS)

Global Parametrics, a for-profit risk manager funded by UK-based and German development institutions, and the UK-based NGO VisionFund International recently established the African and Asian Resilience in Disaster Insurance Scheme (ARDIS), to protect six VisionFund microfinance institutions (MFIs). In case of drought or extreme storm, the MFIs can access up to USD 10 million to manage delays in client repayments and

MICROCAPITAL BRIEF: 11 Microfinance Institutions in Cambodia Lose Licenses for Noncompliance

The National Bank of Cambodia (NBC), the central bank of the country, recently revoked the licenses of 11 microfinance institutions (MFIs) for failing to maintain compliance with a “diverse” range of rules. The MFIs, which are classified as “rural credit operators,” reportedly comprise a

MICROFINANCE EVENT: Africa Financial Services Investment Conference (AFSIC); May 2 – 4, 2018; London, UK

Event Name: Africa Financial Services Investment Conference (AFSIC)

Event Date: May 2 – May 4, 2018

Event Location: London, UK

Summary of Event: This sixth iteration of AFSIC will again focus on how to attract investment into Africa’s financial services

MICROCAPITAL BRIEF: Netherlands’ FMO Arranges $68m Syndicated Loan for Lebanon’s LGB Bank, with Participation from OFID, OeEB

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 67.5 million for the Beirut-based Lebanon and Gulf Bank (LGB Bank) to support small and medium-sized enterprises (SMEs) in Lebanon. The

MICROCAPITAL BRIEF: Sanadcom Launches to Serve SMEs in Jordan, Backed by Microfund for Women, GMS Ventures and Investments

Sanadcom for Business Finance, a lender to small and medium-sized enterprises (SMEs) in Jordan, recently launched with two “anchor” investors: Microfund for Women, a Jordanian microfinance institution, and GMS Ventures and Investments, a subsidiary of Jordan’s GMS Holdings. Sanadcom has enjoyed “additional equity funding and support” from the Sanad Fund for MSME (micro-, small and medium-sized enterprises), a European investor in North Africa and the Middle East, and

MICROCAPITAL BRIEF: Netherlands’ FMO Buys $50m Bond from Turkey’s Sekerbank to Support 4k Rural SMEs

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently agreed to fund a private bond placement by Turkey’s Sekerbank in the amount of TRY 192 million

MICROCAPITAL BRIEF: C-Quadrat Dual Return Vision Microfinance Funds Invest in Ecuador, 13 Other Countries

C-Quadrat Asset Management, a unit of Austrian fund manager C-Quadrat, disbursed the equivalent of USD 40 million during December to 15 microfinance institutions (MFIs) from its Dual Return Vision Microfinance funds. The MFIs, whose identities remain confidential, span 14 countries. One is a cooperative located in

MICROCAPITAL BRIEF: Equator Raises $62m for ShoreCap III from AfDB, CDC, EIB, KfW, OeEB to Invest in Financial Inclusion in Africa

Equator Capital Partners, a US-based manager of “impact” funds, recently announced the first close of its third ShoreCap fund, which will invest in African firms offering services such as microcredit, microinsurance, leasing, housing finance, and banking for small and medium-sized enterprises. Equator is seeking to raise a total of USD 150 million for ShoreCap III to invest over 10 years in about

MICROCAPITAL BRIEF: Netherlands’ FMO Syndicates $220m Loan for Togo-based Ecobank, with Participation from BlueOrchard Microfinance Fund, Symbiotics, Oikocredit, DEG, Proparco, OeEB, BIO

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 220 million for Togo-based Ecobank Transnational Incor

MICROCAPITAL BRIEF: Zurich Insurance to Place $5b in Impact Investments to Assist 5m People, Prevent 5m Tons of Carbon Emissions Annually

Zurich Insurance, a financial group headquartered in Switzerland, recently announced that it intends to increase the amount of money it places in impact investments to USD 5 billion with the intent of

MICROCAPITAL BRIEF: Gret Spins Off Microfinance Activities in Myanmar, Creating Thitsar Ooyin

French NGO Gret recently consolidated its two microfinance institutions in Myanmar under a single entity called Thitsar Ooyin, which can be translated as “garden of loyalty.” Gret Microfinance Programme Manager Guillaume Lepoutre said, “The creation of a dedicated entity…provides access to new financial…resources.”

Thitsar Ooyin offers group and individual loans from eight branches in Chin State and the Dry Zone. It has 80 employees and primarily finances

MICROCAPITAL BRIEF: Netherlands’ FMO Arranges Syndicated Loan of $110m for Aklease to Support Energy Efficiency in Turkey, with Participation from EBRD, Green for Growth Fund, GGF

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 110 million for Ak Finansal Kiralama AS (“Aklease”), a leasing subsidiary of the Turkish bank Akbank, to support energy-efficiency and