Spain’s Gawa Capital, manager of the public-private Huruma Fund, recently disbursed the fund’s first investment in Brazil, lending EUR 12 million (USD 12.1 million) to Cresol Baser, a cooperative unit of Cresol, which provides savings, loans, training and insurance to individuals, farms and other businesses. The funding is earmarked for agricultural lending, including to help farmers adapt to climate change. Huruma plans to
Tag: Huruma Fund
MICROCAPITAL BRIEF: Babban Gona Borrows $5m from Huruma Fund to Support Smallholder Farmers in Nigeria, Prepare for International Expansion
Spain’s Gawa Capital, manager of the public-private Huruma Fund, recently disbursed the fund’s second investment in Africa, lending EUR 5 million (USD 5.2 million) to Babban Gona, a Nigerian firm that supports 81,000 farmers with financing, inputs, training
MICROCAPITAL BRIEF: Huruma Fund Expands Impact to Mexico, Lending $15m to Mega, ProCredito for Agricultural SMEs
Spain’s Gawa Capital, manager of the public-private Huruma Fund, recently disbursed the fund’s first investments in Mexico, lending EUR 12 million (USD 12 million) to Mega and EUR 3.6 million (USD 3.6 million) to ProCredito, financial services providers whose clients include many agricultural small and medium-sized enterprises (SMEs). Both investees are active in lending intended to minimize the effects of
MICROCAPITAL BRIEF: CAURIE-MF Borrows $2.6m from Huruma Fund to Expand Agricultural Microfinance in Senegal
Spain’s Gawa Capital, the manager of the public-private partnership Huruma Fund, recently disbursed a loan of EUR 2.5 million (USD 2.6 million) from the fund to Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Micro finance (CAURIE-MF), a microfinance institution in Senegal, with the objective of creating employment opportunities by expanding
MICROCAPITAL BRIEF: Pahal Raises Equity, Debt from Huruma Fund, Magallanes Impacto, Northern Arc to Expand Microfinance for Women Farmers in India
Spain-based Gawa Capital recently disbursed EUR 6 million (USD 6.5 million) from the Huruma Fund, a public-private partnership also based in Spain, to purchase a minority stake of undisclosed size in Pahal Financial Services, a microfinance institution based in the city of Ahmedabad, India. Among the goals of the investment are
MICROCAPITAL BRIEF: EU Donates $8.9m to Huruma Fund for Technical Assistance Facility Promoting Agricultural Microfinance, Market Development
Huruma Fund, a Spain-based vehicle supporting rural financial services providers in low- and moderate-income countries, recently received a donation of EUR 7.7 million (USD 8.9 million) from the EU for a technical assistance facility (TAF) set up by the two primary entities behind Huruma, Gawa Capital Partners and Compañia Española de Financiación del Desarrollo (COFIDES), both of Spain. The TAF will support companies, such as
MICROCAPITAL BRIEF: Allianz Commits $24m to Final Close of Huruma Fund, Investor in Rural Microfinance
Huruma Fund, a public-private partnership that invests in lenders to smallholder farmers in low- and middle-income countries, recently accepted an investment of EUR 20 million (USD 23.7 million) from German financial services firm Allianz Group as part of the fund’s final closing, bringing its total size to
MICROCAPITAL BRIEF: Huruma Fund to Issue Loan of $3.6m, Technical Assistance to COOPAC Norandino to Expand Agricultural Microfinance in Northern Peru
The Huruma Fund, a public-private impact investment vehicle with commitments of EUR 120 million (USD 145 million), recently issued a three-year loan of EUR 3 million (USD 3.58 million) to Cooperativo de Ahorro y Crédito (COOPAC) Norandino of Peru, a microfinance institution (MFI) aiming to provide services such as “tailored credit and savings products, at interest rates that are lower than market average” to the agrarian sector in northern Peru. To complement the loan, various partners of Huruma will support COOPAC Norandino “with projects to improve social performance, digitisation and
MICROCAPITAL BRIEF: COFIDES Launches $145m Huruma Fund to Deliver Microfinance to 45k Farmers on 4 Continents
Compañia Española de Financiación del Desarrollo (COFIDES), a development finance institution controlled by the Spanish government, recently launched the Huruma Fund, an investment vehicle with commitments of EUR 120 million (USD 145 million) to assist rural farmers in Asia, sub-Saharan Africa, and Latin America and the Caribbean via a range of intermediaries. Seventy percent of Huruma’s portfolio will be deployed via