MICROFINANCE EVENT: 25th MFC Annual Conference: Thriving Together; May 24-25, 2023; Budva, Montenegro

This event is organized with the goal of addressing evolving challenges such as climate change, political instability and the “uncertain future of work.” The agenda includes sessions such as: (1) 25th Anniversary Time Travel: Lessons From the Past That Point to

MICROCAPITAL BRIEF: Monte Credit Borrows $600k from Grameen Crédit Agricole Foundation for Agricultural, Business Microfinance in Montenegro

The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, has announced disbursing a loan of EUR 600,000 (USD 600,000) to the Montenegro-based microfinance institution (MFI) Monte Credit. Monte Credit focuses on

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $4.6m to Agency for Finance in Kosovo (AFK), Microinvest of Moldova, Monte Credit of Montenegro

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.5 million (USD 1.8 million); (2) Moldova-based Microinvest in local currency approximately

MICROCAPITAL BRIEF: EFSE Loans $33m to Erste Bank Montenegro for Housing Microfinance

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle domiciled in Luxembourg, recently announced it has lent EUR 30 million (USD 33 million) to Erste Bank Montenegro, a commercial banking member of the Austria-based Erste Group, to expand housing finance in Montenegro. Erste Bank Montenegro CEO Aleksa Lukic commented