MICROCAPITAL BRIEF: Microfinance Institutions LOLC Cambodia, VisionFund Lanka Each Borrow $2.4m from Grameen Credit Agricole Foundation

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently informed MicroCapital that it has issued three-year loans totaling the equivalent of USD 4.7 million to two microfinance institutions with ties to Sri Lanka.

LOLC Cambodia, which is owned by Sri Lanka’s LOLC Group, borrowed half of the total, denominated in US dollars. LOLC Cambodia was founded in 1994 as Thaneakea Phum (Cambodia) by US-based NGO Catholic Relief Services. The MFI has since been acquired by Sri Lanka’s LOLC Group, which is a member of Orix, a Japanese conglomerate. LOLC Group, whose name derives from

MICROCAPITAL BRIEF: Netherlands’ FMO Lending $5m to Kashf Foundation of Pakistan to Support Women Microentrepreneurs

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently announced it will lend USD 5 million to the Pakistan-based Kashf Foundation in order to support wom

MICROCAPITAL BRIEF: Allianz Invests $97m in Bima, Provider of Microinsurance in Africa, Asia, Latin America; Leapfrog Investments Exits

The German insurance company Allianz, through its digital-investment unit Allianz X, recently invested USD 96.6 million in Bima, a provider of

MICROCAPITAL BRIEF: Uganda Launches 5-year National Financial Inclusion Strategy

The Bank of Uganda, the country’s central bank, recently partnered with Uganda’s Ministry of Finance, Planning and Economic Development to create the Uganda National Financial Inclusion Strategy 2017-2022. The framework focuses on improving