ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan the equivalent of USD 10 million to Kompanion Bank Closed Joint Stock Company, an organization in Kyrgyzstan whose business comprises more than 90 percent microfinance, according to the US-based nonprofit Microfinance Information Exchange.
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MICROCAPITAL BRIEF: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) Syndicates $70m in Loans to BRAC for Small, Medium-Sized Enterprises with Participation from OFID, OeEB, BIO, Actiam, responsAbility
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently disbursed a USD 70 million five-year syndicated loan to BRAC, an NGO that was formerly known as the Bangladesh Rehabilitation Assistance Committee and serves eleven countries as of 2015.
MICROCAPITAL BRIEF: VisionFund Selling Georgian Microfinance Institution (MFI) Credo to Impact Investors AccessHolding, responsAbility, Triodos
VisionFund International, a subsidiary of US-based, Christian NGO World Vision International, recently received approval from the National Bank of Georgia to sell its stake in Microfinance Organization Credo, LLC (Credo), to “a consortium of social impact investors” including Access Microfinance Holding AG (AccessHolding), a holding company based in Germany that specializes in microfinance investments; responsAbility Investments AG (responsAbility), a company based in Zurich that primarily invests in developing economies; and Triodos Investment Management BV (Triodos), a subsidiary of Netherlands-based Triodos Bank.
MICROCAPITAL BRIEF: responsAbility Loans $13m to Microfinance Institution FONDEP of Morocco
ResponsAbility Investments, a company based in Zurich that primarily invests in developing economies, recently notified MicroCapital that is has disbursed EUR 10 million (USD 13 million) in senior refinancing to Fondation pour le Développement Local et le Partenariat Micro-Crédit (FONDEP), a Moroccan MFI with the mission “to use microcredit to help women and youth create their own microenterprises and generate income.”
MICROCAPITAL PUBLICATION ROUND-UP: Microcredit Summit Campaign Report; responsAbility Financial, Social Impact Assessment; Microinsurance Education in Zambia
“Resilience: The State of the Microcredit Summit Campaign Report, 2014;” published by RESULTS Educational Fund; 2014; 68 pages; available in web format at http://stateofthecampaign.org/2014-report-executive-summary/or for purchase as a PDF or in print form at http://www.scribd.com/doc/229959504/Resilience-The-State-of-the-Microcredit-Summit-Campaign-Report-2014
This report examines the reach and effectiveness of microfinance institutions (MFIs) on a global scale using data as recent as from 2012.
MICROCAPITAL BRIEF: responsAbility Investments Lends $4m to Opportunity International Bank of Malawi
ResponsAbility Investments AG, a Swiss-based investor in microfinance and other sectors, recently announced the disbursement of a loan of USD 4 million to Opportunity International Bank of Malawi Limited (Opportunity Malawi), a member of the US-based Opportunity International network.
MICROCAPITAL BRIEF: responsAbility Loans $20m to Microlender Enda Inter-Arabe of Tunisia
ResponsAbility Investments, a Swiss investor in microfinance and other sectors, recently notified MicroCapital that it has disbursed a loan of EUR 15 million (USD 20.4 million) to Enda Inter-Arabe, a Tunisian financial services provider that is also an arm of Senegal-based non-governmental organization Enda Third-World [1].
MICROCAPITAL BRIEF: Switzerland-based responsAbility Participations Completes Capital Increase of $26m to Increase Investments in Developing-Country Banks
ResponsAbility Participations AG, a Swiss investment company, reportedly has completed a capital increase of CHF 23.5 million (USD 26.4 million), bringing the company’s total equity capital to CHF 42.4 million (USD 47.6 million).
MICROCAPITAL BRIEF: ResponsAbility of Switzerland Loans $20m to Microfinance Institution Financiera Confianza of Peru
ResponsAbility Investments, a Swiss investor in microfinance and other sectors, recently loaned USD 20 million to Financiera Confianza, a Peruvian NGO microfinance institution (MFI). Further information on the transaction is not available.
MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos
The Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International, has announced that it has raised USD 48 million in a second round of investments [1].
MICROCAPITAL BRIEF: responsAbility Investments Loans $20m to Improsa Bank of Costa Rica, Supports Small and Medium-Sized Enterprises (SMEs)
The Switzerland-based investment company responsAbility Investments recently notified MicroCapital that it has disbursed a loan of USD 20 million to Improsa Bank SA of Costa Rica, a financial institution that provides services to small and medium-sized enterprises (SMEs) [1].
MICROCAPITAL BRIEF: responsAbility Investments Loans $5m to Microfinance Institution Edpyme Raiz of Peru
Switzerland-based investment company responsAbility Investments AG recently notified MicroCapital that it has made a senior loan of USD 5 million to Edpyme Raiz, a microfinance institution (MFI) in Peru that provides loans to micro- and small enterprises [1].
MICROCAPITAL BRIEF: responsAbility Loans $20m to UT Bank Ghana to Support Small- and Medium-sized Enterprises (SMEs)
ResponsAbility Social Investments, a Swiss investment company with a focus on microfinance, recently notified MicroCapital that it disbursed a loan of USD 20 million in August 2013 to UT Bank Ghana Limited (UT Bank), a Ghanaian commercial bank with 26 branches. The loan will be used to support small and medium-sized enterprises (SMEs) [1].
MICROCAPITAL BRIEF: responsAbility Social Investments Increases Chase Bank of Kenya Debt Exposure to $15m
In June 2013, responsAbility Social Investments, a Switzerland-based social investment company, indicated to MicroCapital that it has increased its senior debt exposure to Chase Bank of Kenya, a privately-owned bank that focuses on the small and medium-sized enterprise (SME) market.
MICROCAPITAL BRIEF: responsAbility Loans $9.5m to MicroCred Nanchong of China
ResponsAbility Social Investments, a Swiss company with a focus on microfinance, recently notified MicroCapital that it disbursed a loan of CNY 60 million (USD 9.5 million) to Chinese microfinance institution (MFI) MicroCred Nanchong, a member of the France-based MicroCred.
MICROCAPITAL BRIEF: responsAbility Loans $8m to Banco Pichincha of Ecuador
ResponsAbility Social Investments, a Swiss investment company, has notified MicroCapital that it recently disbursed loans totaling USD 8 million to Banco Pichincha of Ecuador, a commercial bank that offers financial services to corporations; retailers; and micro-, small and medium-sized enterprises.
MICROCAPITAL BRIEF: Swiss Investment Company responsAbility Increases Debt Exposure to Bai Tushum & Partners of the Kyrgyz Republic to $11m
Switzerland’s responsAbility Social Investments has increased its debt exposure to Bai Tushum & Partners, a microfinance institution (MFI) in the Kyrgyz Republic, from USD 6 million to USD 11 million.
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.