MICROCAPITAL BRIEF: FMO Lending $4m to Babban Gona to Provide Business Services on Credit to Farmers in Nigeria

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, a development bank controlled by the Dutch government, recently offered a loan of USD 4 million to Babban Gona, a Nigerian for-profit company that provides business services to small-scale farmers such as assistance with crop insurance; soil analysis; marketing; distribution; and access to seeds, fertilizer and storage facilities. Continue reading

MICROCAPITAL BRIEF: MicroFinanza Rating Issues 8 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Asia, Latin America

During June, Italy’s MicroFinanza Rating (MFR) issued four microfinance institutional ratings. Ecuador’s Insotec earned a rating of BBB with a stable outlook. Continue reading

MICROCAPITAL BRIEF: IFC Lending $5.6m to Romania’s Garanti Leasing to Finance Women-owned SMEs

Garanti Leasing, a subsidiary of the Garanti Group Romania specializing in financing real estate, vehicles and agricultural equipment, recently announced it will borrow EUR 5 million (USD 5.6 million) from the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, in order to increase funding for women-owned small and medium-sized enterprises (SMEs). Continue reading

MICROCAPITAL BRIEF: The Netherlands’ FMO Issues $568m Bond to Finance Green, Financial Inclusion Investments

The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently completed a fixed-rate bond issue totaling EUR 500 million (USD 568 million) to fund projects including “climate change mitigation (renewable energy and energy efficiency) and climate change adaptation, as well as inclusive finance projects (microfinance and [small and medium-size enterprise] financing).” Continue reading

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MICROCAPITAL BRIEF: Symbiotics Raises $18.5m for Georgia’s TBC Bank via MSME Bond Platform

Tbilisi Business Center (TBC) Bank, Georgia-based commercial bank, recently announced that it has raised GEL 45 million (USD 18.5 million) from one or more unidentified investors via the MSME bond platform of Symbiotics SA, a Swiss investment services provider focused on micro-, small and medium-sized enterprises (MSMEs). Continue reading

MICROCAPITAL BRIEF: IDB Loans Colombia $450m for Goals Including Facilitating Access to Capital for SMEs, Improving Financial Inclusion

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently announced it will extend a loan of USD 450 million to the government of Colombia with the goal of helping to “solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system [and] promote financial inclusion.” Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: IDB Loans Colombia $450m for Goals Including Facilitating Access to Capital for SMEs, Improving Financial Inclusion Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: IFC Invests $4.5m in Medical Credit Fund to Support SME Providers of Healthcare in Africa

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced it will invest USD 4.5 million in the Medical Credit Fund (MCF), a unit of the Dutch nonprofit PharmAccess Group, to finance small and medium-sized enterprises (SMEs) that provide healthcare services in Africa. Continue reading

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MICROCAPITAL BRIEF: National Bank of Rwanda (NBR) Rolls Out Electronic Data Warehouse to Automate Reporting by Microfinance, Traditional Financial Institutions

The National Bank of Rwanda (NBR), the central bank of the country, recently implemented an electronic data warehouse (EDW) system to automate the reporting processes of 14 financial services providers, three of which are microfinance institutions. Continue reading

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MICROFINANCE EVENT: Sanabel’s Annual Conference: Financial Inclusion in the Arab Countries; November 7-8, 2017; Beirut, Lebanon

Event Name: Sanabel’s 2017 Conference: Financial Inclusion in the Arab Countries; A Journey of Collaboration and Achievements

Event Date: November 7 – November 8, 2017

Event Location: Beirut, Lebanon

Summary of Event: This conference is intended to contribute to a more “inclusive and progressive” microfinance environment in the Arab region. The topic themes include the evolution of microfinance institutions (MFIs) and clients; supporting existing and new partnerships; MFIs’ role in advancing the UN’s sustainable development goals; strategic leadership and risk management; and advancing youth financial inclusion. Continue reading

SPECIAL REPORT: Who Is Responsible in a Microfinance Equity Exit?

Now that three years have passed since CGAP and the Center for Financial Inclusion (CFI) at Accion published “The Art of the Responsible Exit in Microfinance Equity Sales,” this subject deserves a re-visit and perhaps expansion of the paper’s general principles into industry guidelines.

As the financial inclusion and impact investment industries mature and grow, so does the issue of how investors committed to advancing financial inclusion can “exit responsibly” from Continue reading

MICROCAPITAL BRIEF: Russian Government Considers Lowering Annual Interest Rate Cap for Payday Loans from 600% to 150%

The government of Russia recently prepared legislation that would cut the maximum effective rate on payday loans of less than RUB 30,000 (USD 505) from 600 percent to 150 percent per annum. Continue reading

MICROFINANCE EVENT: SRI Conference on Sustainable, Responsible, Impact Investing; November 1-3, 2017; San Diego, California, USA

Event Name: The SRI Conference on Sustainable, Responsible, Impact Investing

Event Date: November 1 – November 3, 2017

Event Location: Hotel Del Coronado; San Diego, California, USA

Summary of Event: The theme of this event is “All In For Impact.” It will focus on concrete ways investing can positively impact social and economic spheres. The conference program offers plenary sessions focused on investment and practice management issues, shareholder advocacy strategies, and community impact investment opportunities. In addition, the organizers will present the Moskowitz Prize Award and the SRI Service Award. Continue reading

MICROCAPITAL BRIEF: Papua New Guinea Sets Gender Equity, Social Inclusion Policy for Microfinance Institutions (MFIs)

The government of Papua New Guinea (PNG), in partnership with Philippines-based Asian Development Bank (ADB), the government of Australia and the PNG-based Centre for Excellence in Financial Inclusion (CEFI), recently released a gender equity and social inclusion policy for microfinance institutions in PNG. Continue reading

MICROCAPITAL BRIEF: MIF Invests $5m in Nxtp Labs Fund for Tech Firms Seeking Social Impact in Argentina, Paraguay, Uruguay

The Multilateral Investment Fund (MIF), a member of the IDB (Inter-American Development Bank) Group, recently announced it will invest USD 5 million in equity in a fund launched by Nxtp Labs, an Argentine supporter of technology start-ups in areas such as (fintech), education (edtech), and reducing negative environmental impacts (cleantech). Continue reading

MICROCAPITAL BRIEF: The MasterCard Foundation Fund for Rural Prosperity Awards $3m to Ibero Uganda, First Access, Letshego; Is Accepting Applications for More Funding Through August 10

KPMG, a network of professional firms providing business services in 155 countries, recently informed MicroCapital that The MasterCard Foundation Fund for Rural Prosperity has awarded USD 1 million each to the following financial services providers: Ibero Uganda for the provision of loans, training and related services to coffee farmers; US-based First Access for an agricultural credit scoring mechanism for lenders serving farmers in Tanzania; and Botswana-based Letshego Financial Services for an agency banking project in Mozambique. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: The MasterCard Foundation Fund for Rural Prosperity Awards $3m to Ibero Uganda, First Access, Letshego; Is Accepting Applications for More Funding Through August 10 Posted in Africa, Agriculture / Rural Finance

MICROCAPITAL BRIEF: Nigeria’s Access Bank, FMO Launch Female Leadership Programme in Ghana

Access Bank Ghana, an affiliate of Nigeria’s Access Bank Plc, recently partnered with the Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, to launch a Female Leadership Programme for entrepreneurs in Ghana. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Nigeria’s Access Bank, FMO Launch Female Leadership Programme in Ghana Posted in Africa

MICROCAPITAL BRIEF: EBRD to Lend $11m to Kazakhstan’s Kassa Nova Bank for MSMEs, Women Entrepreneurs

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will extend a credit line equivalent to USD 11 million in Kazakhstani tenge to Kassa Nova Bank. Kassa Nova will allocate USD 6.6 million of the total to micro-, small and medium-sized enterprises (MSMEs) located outside of major metropolitan areas. Continue reading