BlueOrchard Finance, a Swiss asset management company, will provide a USD 5 million loan from its Dexia MicroCredit Fund (DMCF) to the Belarusian Bank for Small Business (BBSB), a bank that focuses on micro- and small enterprises.
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KNOW A MICROFINANCE FUND: Dexia MicroCredit Fund (DMCF)
Overview:
The Dexia Micro-Credit Fund (DMCF) is a microfinance investment vehicle designed to refinance the loans of microfinance institutions (MFIs) that specialize in financial services to micro-entrepreneurs.
PRESS RELEASE: Dutch Pension Manager PGGM Launches $304m Commitment to Microfinance with $41m Investment in BlueOrchard’s Dexia Micro Credit Fund (DMCF)
Source: BlueOrchard Finance.
MICROCAPITAL BRIEF: European Sustainable Investment Forum’s (EUROSIF’s) European SRI Transparency Code Attracts 350 Signatories
The European SRI Transparency Code, a document outlining guidelines for maintaining the transparency of socially responsible investing (SRI), has attracted approximately 350 signatories.
MICROCAPITAL BRIEF: BlueOrchard Loans $1.1m in Local Currency to Cameroonian Microfinance Institution (MFI) Advans Cameroun
BlueOrchard Finance SA, a subsidiary of Switzerland-based BlueOrchard Microfinance Investment Managers, has announced that it will provide a local-currency loan of XAF 500 million (USD 1.1 million) to Advans Cameroun, a microfinance institution (MFI) operating in Cameroon.
MICROCAPITAL BRIEF: LuxFLAG Renews Label for MIVs From Absolute, BlueOrchard, EFSE, Finethic, Horus, KCD, ResponsAbility, Triodos, Wallberg
LuxFLAG, an organization established in 2006 to certify that microfinance investment vehicles (MIVs) actually invest in the sector, has renewed its annual label for 13 MIVs: Advans SA, BlueOrchard Microfinance Fund for US Investors, Dexia Micro-Credit Fund – BlueOrchard Debt Sub-Fund, Dual Return Fund – Vision Microfinance, European Fund for Southeast Europe, Finethic Microfinance, KCD Mikrofinanzfonds I, KCD Mikrofinanzfonds II, responsAbility Global Microfinance Fund, responsAbility (Lux) Microfinance Leaders Fund, responsAbility (Lux) Mikrofinanz-Fonds, Triodos Microfinance Fund and Wallberg Global Microfinance Fund.
MICROCAPITAL BRIEF: BlueOrchard Loans $3m to Microfinance Institutions (MFIs) AccessBank of Tajikistan, LOLC Micro Credit Limited (LOMC) of Sri Lanka
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently made loans totaling USD 3 million to microfinance institutions (MFIs) in Tajikistan and Sri Lanka.
MICROCAPITAL BRIEF: BlueOrchard Makes First Direct Loan of $5m to Microfinance Network FINCA International
BlueOrchard Finance SA, a subsidiary of Switzerland-based microfinance investment company BlueOrchard, recently made a debt investment of USD 5 million in FINCA International, a US-based microfinance network, through its Dexia Microcredit Fund, one of the microfinance investment vehicles BlueOrchard manages.
MICROCAPITAL BRIEF: In Partnership with BlueOrchard and responsAbility Social Investments AG, Inter-American Development Bank (IDB) Syndicates $40m to Banco Continental of Paraguay to Support Small and Medium-Sized Enterprises (SMEs)
The Inter-American Development Bank (IDB), a US-based multilateral development organization operating in Latin America and the Caribbean, recently finalized a USD 40 million syndicated loan to Banco Continental, a commercial bank established in Paraguay in 1980, to help fund lending to small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Invests $5.5m in Fondo de Desarrollo Local (FDL) of Nicaragua, First Allied Savings and Loans Limited (FASL) of Ghana and AB Microfinance Bank of Nigeria
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $8m in Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance of Kazakhstan
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of three debt investments made during the month of August 2010 to financial institutions Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance LLC of Kazakhstan.
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa
In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993.
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $2.5m to Peruvian Microfinance Institution (MFI) Confianza and Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro)
In August 2010, BlueOrchard Finance, a Swiss commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), loaned PEN 4.27 million (the equivalent of USD 1.53 million) to the Peruvian microfinance institution (MFI) Confianza, which provides loans, insurance and fund transfer services, and USD 1 million to the Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro).
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa
In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993.
MICROCAPITAL BRIEF: BlueOrchard Invests $8.7m in Eastern European Microfinance Institutions KEP Trust of Kosovo and ProCredit Bank of Romania
BlueOrchard, a Switzerland-based commercial microfinance intermediary, recently reported to MicroCapital the details of two debt investments made during the month of August 2010, totaling the equivalent of USD 8.74 million, to microfinance institutions (MFIs) KEP Trust of Kosovo and ProCredit Bank of Romania.
MICROCAPITAL BRIEF: Kenyan Equity Bank Receives $8m in Loans from Microfinance Intermediary BlueOrchard Finance
In July 2010, BlueOrchard Finance, a Swiss commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIV), invested USD 8 million in Equity Bank, a microfinance bank based in Nairobi, Kenya, that was founded in 1984.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Supports Small and Medium-sized Enterprise Growth in Belarus by Providing $5m Loan To and Purchasing 19.9 Percent Equity of Belarusky Narodny Bank
The International Finance Corporation (IFC), a member of the World Bank Group, is supporting Belarusky Narodny Bank, a commercial bank in Belarus that focus on financing small and medium-sized enterprises (SMEs), by providing it with a USD 5 million loan and purchasing 19.9 percent of the bank’s equity from the Bank of Georgia, a private commercial bank, for an undisclosed sum. The Bank of Georgia will retain 79.99 percent of the shares of Belarusky Narodny.
MICROCAPITAL BRIEF: BlueOrchard Commits $4m in Debt Capital to Microfinance Projects in Kyrgyzstan, Tajikistan, and Jordan
BlueOrchard Finance, a Swiss asset management company, recently informed MicroCapital that it has provided USD 4 million in loans from two funds it manages, the Dexia Micro Credit Fund and the Microfinance Enhancement Facility, to three Asian microfinance organizations. Frontiers, a microfinance investment vehicle (MIV) in Kyrgyzstan, will receive USD 500,000. The Eskhata Bank in Tajikistan will receive USD 2 million. The Middle East Micro Credit Company (MEMCO) in Jordan will receive USD 1.5 million.