Category: Investment Funds

MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Fonds Européen de Financement Solidaire (FEFISOL) with “Microfinance Label”

Fonds Européen de Financement Solidaire (FEFISOL), a for-profit investment fund registered in Luxembourg, has obtained the “Microfinance Label” from the Luxembourg Fund Labeling Agency (LuxFLAG), a microfinance investment vehicle (MIV) certification organization. Continue reading

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MICROFINANCE EVENT: Triple Bottom Line Investing (TBLI) Presents “TBLI Conference Europe 2012”, November 8 – 9, 2012, Zurich, Switzerland

Event Name: TBLI Conference Europe 2012

Event Date: November 8 – November 9, 2012

Event Location: Swissôtel Zurich, Zurich, Switzerland Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $16m to Agricover Credit to Increase Funds for Farmers in Romania

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a loan of EUR 12.5 million (USD 16.5 million) to agriculture-based financial institution Agricover Credit IFN to increase lending to farmers in Romania and promote modernization in the industry. Continue reading

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MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Access Africa Fund with “Microfinance Label”

Access Africa Fund, a for-profit limited liability company, has become the first US-based microfinance investment vehicle (MIV) to obtain the “Microfinance Label” from the Luxembourg Fund Labeling Agency (LuxFLAG), an MIV certification organization. Continue reading

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MICROFINANCE EVENT: Absolute Portfolio Management’s “Developments and New Opportunities in Microfinance” Webinar, May 9, 2012

Event Name: Developments and New Opportunities in Microfinance

Event Date: May 9, 2012, 2:00 – 2:30 GMT

Event Location: Online Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), UK’s Department for International Development (DFID) Invest $263m in New Global SME Finance Facility

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has invested USD 200 million in the Global SME Finance Facility, a program that combines “donor funding with funding from international development institutions to expand lending to small businesses in emerging markets.” Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Launches $65m East African Community Microfinance Facility

The European Investment Bank (EIB), the investment body of the European Union, has launched the East African Community Microfinance Facility, a EUR 50 million (USD 65.4 million) loan program to “encourage job creation and increase access to long-term funding for micro and small enterprises” in East Africa. Continue reading

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MICROCAPITAL BRIEF: Accion Launches $10m Venture Lab to Invest in Microfinance Institutions, Other Financial Inclusion Start-Ups

Accion, a US-based nonprofit microfinance organization, recently announced that it has launched Venture Lab, a USD 10 million investment vehicle that will provide seed capital to financial inclusion start-ups across the world. Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) to Lend $20m to Chinese Banks to Support Microfinance Institutions in Rural China

The Asian Development Bank (ADB), a multilateral institution based in the Philippines, will provide a loan facility of CNY 130 million (USD 20.6 million) to unspecified partner banks to “help them build their wholesale lending capacity to microcredit companies” in central and western China. Continue reading

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MICROCAPITAL BRIEF: Progression Eastern African Microfinance Equity Fund (PEAMEF) Launches Operations in Kenya

Progression Eastern African Microfinance Equity Fund (PEAMEF), a limited-life investment fund incorporated in Mauritius, has launched its operations in Nairobi, Kenya, with a mission aimed at improving microfinance in Kenya, Tanzania, Rwanda, Zambia and Uganda. Continue reading

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MICROCAPITAL BRIEF: responsAbility Lends $1.8m to Cambodian Microfinance Companies Angkor Mikroheranhvatho Kampuchea, Thaneakea Phum (Cambodia) Limited

Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made local-curency loans equivalent to USD 1.8 million to Cambodian microfinance companies Angkor Mikroheranhvatho Kampuchea (AMK) and Thaneakea Phum (Cambodia) Limited. Continue reading

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MICROCAPITAL BRIEF: responsAbility Loans $1.5m to Constanta of Georgia, $2.5m to Eskhata of Tajikistan

Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has invested USD 1.5 million in Georgia’s Constanta and USD 2.5 million in Tajikistan’s Bank Eskhata. Continue reading

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MICROCAPITAL BRIEF: responsAbility Invests $2m in Jordan’s Middle East Micro Credit Company (MEMCC), Palestine for Credit and Development (FATEN)

Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that is has lent the local currency equivalent of USD 1.5 million to Jordan’s Middle East Micro Credit Company (MEMCC) –with equivalent to USD 1 million from the responsAbility Global Microfinance Fund (rAGMF) and equivalent to USD 500,000 from responsAbility Mikrofinanz-Fonds (rAMF). Continue reading

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MICROCAPITAL BRIEF: BBVA Microfinance Affiliate Corporacion para las Microfinanzas Puerto Rico (PR) Reaches $2m in Entrepreneurial loans

In its first year of commercial operation, which ended September 2011, Corporacion para las Microfinanzas Puerto Rico (PR), a microfinance institution created and owned by the BBVA Microfinance Foundation, granted USD 2.1 million to entrepreneurs on the island of Puerto Rico [1]. Continue reading

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MICROCAPITAL BRIEF: Singapore Totalisator Board, POSBank, Social Enterprise Hub Launch $4m MicroCredit Business Scheme (MCBS)

With seed capital of SGD 5 million (USD 3.96 million) from the Singapore Totalisator Board, a quasi-governmental gaming commission also known as the Tote Board, POSBank (POSB), a commercial bank in Singapore, and Social Enterprise Hub, an incubator of social enterprises in Singapore, have launched the MicroCredit Business Scheme (MCBS) to provide loans to citizens of Singapore with annual incomes lower than SGD 30,000 (USD 23,800). Continue reading

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MICROCAPITAL BRIEF: United Bank Limited, Rural Impulse Fund II, ResponsAbility Global Microfinance Fund, Shorecap II, ASN-Novib Acquire 67% of Pakistani Microfinance Institution Khushhali

A consortium led by United Bank Limited (UBL), a Pakistani commercial bank with total assets of PKR 747 billion (USD 8.2 billion) as of December 2010 [2], reportedly has been selected as the highest bidder for 67.4 percent of the shares of Pakistani microfinance institution Khushhali Bank Limited, whose gross loan portfolio stood at USD 43.5 million as of December 31, 2010 [1]. Continue reading

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MICROCAPITAL BRIEF: Triodos, Women’s World Banking to Co-Manage $30m Isis Microfinance Fund

Triodos Investment Management, which manages funds that invest in venture capital and social finance, has announced that it will act as co-investment manager alongside Women’s World Banking Asset Management for Isis Fund, an equity fund that aims to increase access to finance for women around the world. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), KfW Bankengruppe, German Federal Ministry of Economic Cooperation and Development (BMZ) to Invest $100m in Micro Finance Initiative for Asia (MIFA)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to set up the Micro Finance Initiative for Asia (MIFA), a Luxembourg-based USD 100 million microfinance debt fund. Continue reading

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