Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization that offers financial services to microfinance institutions (MFIs) and social business projects in Sub-Saharan Africa and Eurasia, has recently loaned Koperasi Mitra Dhuafa (Komida), an Indonesian MFI, the local-currency equivalent of USD 751,000 with a three-year term.
Category: Deals
MICROCAPITAL BRIEF: IFC, Global Agriculture and Food Security Program Invest $10m in Root Capital for Farmers in Africa, Latin America
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the private-sector office of the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, have announced that each of the organizations will invest USD 5 million in Root Capital, a US-based nonprofit social investment fund.
MICROCAPITAL BRIEF: MicroEnsure to Tap Data from Meteo Rwanda to Provide Weather Index Insurance for Farmers
MicroEnsure, a UK-based microinsurance subsidiary of US-based nonprofit Opportunity International, recently announced that it will be partnering with Meteo Rwanda, the country’s meteorological agency, in order to provide weather index insurance (WII) to small-scale Rwandan farmers.
MICROCAPITAL BRIEF: responsAbility Social Investments Loans $1.5m to Al Majmoua (Lebanese Association for Development), $10m to Araratbank of Armenia
ResponsAbility Social Investments, a Swiss investment company, recently made a loan of USD 1.5 million to Al Majmoua, a nonprofit microcredit organization also known as the Lebanese Association for Development.
MICROCAPITAL BRIEF: Austria’s Absolute Portfolio Management Loans $11m to Microfinance Institutions Through Vision Microfinance Funds, Including $1.5m to Pro Mujer Bolivia, $1.5m to PRIDE Tanzania, $750k Renewed to FINCA Tanzania
In December 2012, Dual Return-Vision Microfinance and Dual Return-Vision Microfinance Local Currency, two funds managed by Austria-based asset management company Absolute Portfolio Management (APM), disbursed a total equivalent to USD 11.75 million in loans to microfinance institutions (MFIs) worldwide, including MFIs in Latin America and Africa.
MICROCAPITAL BRIEF: Global Partnerships Agrees to Loan Up to $500k to Friendship Bridge for Microcredit for Rural Guatemalan Women
Global Partnerships (GP), a nonprofit investor based in the US city of Seattle, Washington, has launched a partnership with Friendship Bridge, a US-based nonprofit microfinance institution that provides rural Guatemalan women with microcredit loans as well as business and preventive health education.
MICROCAPITAL BRIEF: Singapore’s Tagit, Vietnam’s Smartlink Launch Mobile Banking Service in Vietnam
Tagit, a Singaporean mobile technology company, reportedly has partnered with Vietnamese mobile payment provider Smartlink to launch a mobile banking service that will link the customers of 51 financial institutions and insurance providers.
MICROCAPITAL BRIEF: LOLC Microcredit Limited of Sri Lanka Receives $55m Syndicated Loan Funds from FMO, OPEC Fund for International Development, PROPARCO, Cordiant Capital
Lanka Orix Leasing Company (LOLC) Micro Credit Limited, the microfinance arm of Sri Lankan financial service provider LOLC, has received a five-year syndicated loan of USD 55.5 million.
MICROCAPITAL BRIEF: Maruhan Japan Bank Acquires Equity Stake in Microfinance Institution Sathapana Limited of Cambodia
Maruhan Japan Bank, a Japanese financial institution with assets of USD 123 million as of 2011, recently has completed the acquisition of a stake in Sathapana Limited, a Cambodian microfinance institution (MFI).
MICROCAPITAL BRIEF: African Charitable Society for Mother and Child Care of Sudan Obtains $100k for Microfinance from Islamic Solidarity Fund of Palestine
The African Charitable Society for Mother and Child Care, a Sudan-based nongovernmental organization (NGO) also known as the African Maternity and Childhood Welfare Society, reportedly has signed an agreement to access USD 100,000 from the Islamic Solidarity Fund, a Palestinian fund that aims to elevate the living standard of Muslim people worldwide.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $4.9m to Banka Respublika of Azerbaijan, $3.2m to ProCredit Bank Bosnia and Herzegovina
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg, recently made a loan of USD 4.9 million to Banka Respublika Open Joint Stock Company, a private Azerbaijani bank.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to La Nacional of the Dominican Republic for Housing, Small and Medium-Sized Enterprise (SME) Lending
The International Finance Corporation (IFC), a member of the World Bank Group, reportedly has disbursed a loan of DOP 195 million (USD 4.8 million) to Asociacion La Nacional de Ahorros y Préstamos, a microfinance institution in the Dominican Republic, to increase its mortgage lending for housing and loan financing for small and medium-sized enterprises.
MICROCAPITAL BRIEF: EBRD Loans $56m to Ohridska Banka of Macedonia, Banca Intesa Beograd of Serbia for SMEs
The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, recently announced plans to disburse financing facilities worth a total of EUR 13 million (USD 17.1 million) to Ohridska Banka, a Macedonian subsidiary of French bank Societe General that focuses on financing small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $13.2m to BT Leasing Transilvania of Romania
The European Bank for Reconstruction and Development (EBRD), a London-based development finance institution, recently loaned EUR 10 million (USD 13.2 million) to BT Leasing Transilvania, a subsidiary of Banca Transilvania (BT), a privately-owned Romanian bank.
MICROCAPITAL BRIEF: European Union to Give Jordan $32m for Microfinance Over 3 Years
The Ministry of Planning and International Cooperation of Jordan, a governmental institution that aims to affect sustainable development, reportedly has stated that the European Union (EU) will provide funding in the amount of EUR 25 million (USD 32.5 million) to support Jordan’s 2012-2014 executive plan to establish a nationwide microfinance program.
MICROCAPITAL BRIEF: Accion’s Frontier Investments, Saama Capital Invest $4m in Equity in Shubham Housing Development Finance of India
Frontier Investments Group, an investment vehicle of the US-based nonprofit Accion, recently announced that it, along with Saama Capital, a venture focused investment firm in India, invested a total of USD 4 million in equity in India’s Shubham Housing Development Finance Company.
MICROCAPITAL BRIEF: SKS Microfinance of India Completes $10m Securitization, Stock Reaches 52-Week High
SKS Microfinance, an Indian microfinance institution (MFI), reportedly has completed a securitization deal worth INR 544 million (USD 10 million).
MICROCAPITAL BRIEF: Entrepreneurs Amit Patni, Arihant Patni Acquire Stake in Grameen Capital India
Grameen Capital India (GCI), an investor in microfinance institutions and other social enterprises, recently announced the acquisition of a 43 percent stake in the company by Indian technology entrepreneurs Amit and Arihant Patni.