Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently disbursed USD 7.5 million to Cambodia’s AMK Microfinance Institution to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products, such as
Tag: Renewable Energy
MICROCAPITAL BRIEF: EBRD Loaning $5m to ING Finansal Kiralama for Leasing for Energy Efficiency, Renewables in Turkiye
The multilateral European Bank for Reconstruction and Development (EBRD) recently agreed to provide an unsecured loan approximately equivalent to USD 5.5 million to the Türkiye-based Internationale Nederlanden Groep (ING) Finansal Kiralama, which is controlled by the Netherlands-based ING Group. Also known as ING Leasing, the company plans to use the proceeds to finance
MICROCAPITAL BRIEF: Al-Qutaibi Funding Renewable Energy Products, Climate Adaptation Strategies for SMEs, Farmers in Yemen in Collaboration with USAID
Yemen’s Al-Qutaibi Islamic Bank for Microfinance recently launched its Vendor Finance Department to support farms and other small and medium-sized enterprises (SMEs) in acquiring technology to produce renewable energy as well as “climate-smart” farming tools such as “solar-fed irrigation systems, greenhouses, and tunnel farming tools.” The bank did this with support from the
MICROCAPITAL BRIEF: Citing “Impatience with the Pace,” Calvert Impact Restructures to Boost Microfinance, Green Investment
US-based NGO Calvert Impact Capital is rebranding itself as Calvert Impact, a name it has given to the NGO that will hold a group of subsidiaries that will continue to serve retail investors, institutional investors and financial advisors. CEO Jennifer Pryce stated, “We found that our original organizational framework sometimes prevented us from going bigger and bolder…. Our strategy reflects our impatience with the pace of adoption across the capital markets. We…need to double down on what we know works in and for communities.”
Calvert Impact subsidiaries will continue with the organization’s past activities, such as offering Community Investment Notes in denominations as small as
MICROCAPITAL BRIEF: Triodos Emerging Markets Renewable Energy Fund Debuts with $29m in Commitments
Triodos Investment Management, an impact investing unit of the Netherlands’ Triodos Bank, has announced the launch of the Triodos Emerging Markets Renewable Energy Fund. The fund will deploy senior debt in low- and middle-income countries to support:
MICROCAPITAL BRIEF: Symbiotics Raises $4.6m via Green Bond for Samunnati Financial for Sustainable Agriculture in India
India’s Samunnati Financial Intermediation & Services, whose customers are farmer-producer organizations and other members of agricultural value chains, recently raised the rupee-equivalent of USD 4.6 million in a bond issue handled by Symbiotics, a Switzerland-based impact investing platform. The bond transaction is the first by Symbiotics that specifically promotes
MICROCAPITAL BRIEF: Energy Catalyst Community Seeks to Boost Commercialization of Solar, Wind, Battery, Payment, Other Innovations in Africa, Asia
Energy Catalyst, “a UK government-funded programme designed to accelerate access to sustainable energy” in Africa and Asia, recently launched its Energy Catalyst Community, offering a set of documents on commercializing energy innovations. The next phase of the project will allow companies funded by Energy Catalyst to collab
MICROCAPITAL BRIEF: EIB Loans $100m to COFIDE of Peru to Support Energy Efficiency, Renewables, SMEs
The European Investment Bank (EIB), the long-term lending institution of the EU, recently loaned USD 100 million to Corporación Financiera de Desarrollo (COFIDE), a development bank owned by the Peruvian government, to provide support to small businesses and projects to reduce the climate impacts of energy usage. This includes investments
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Lends $7m to Attijari Leasing for MSMEs in Tunisia
The Green for Growth Fund (GGF), a Luxembourg-domiciled investor in renewable energy and energy efficiency, recently loaned EUR 6 million (USD 6.9 million) to Attijari Leasing, a Tunisia-based firm, to fund energy-efficiency improvements for micro-, small and medium-sized enterprises in Tunisia. Attijari Leasing, which is controlled by