The Green for Growth Fund (GGF), a Luxembourg-based lender to projects deemed beneficial to the environment, recently loaned USD 1.5 million to Joint Stock Company Microfinance Organization Crystal, a microfinance institution primarily serving microentrepreneurs and farmers in rural Georgia. Crystal plans to use the proceeds
Tag: Sustainability
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Loans $7m to Microfinance Institutions (MFIs) Partner Microcredit Foundation, Mi-Bospo for Energy Efficiency Financing in Bosnia and Herzegovina
The Green for Growth Fund (GGF), a Luxembourg-based lender to projects deemed beneficial to the environment, recently disbursed two loans to nonprofit microfinance institutions (MFIs) in Bosnia and Herzegovina: one in the amount of EUR 5 million (USD 5.8 million) to Partner Microcredit Foundation (MCF) and the other in the amount of EUR 1 million (USD 1.2 million) to Mi-Bospo.
MICROCAPITAL BRIEF: EBRD Loans $5.9m in Local Currency to Erste Bank ad Novi Sad to Support Household Energy Efficiency in Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned RSD 600 million (USD 5.9 million) to Erste Bank ad Nova Sad (Erste Bank Serbia), a commercial banking subsidiary
MICROFINANCE EVENT: 6th International Conference on Sustainable Development; September 12 – 13, 2018; Rome, Italy
Event Summary: For the sixth iteration of this event, the European Center of Sustainable Development again is inviting academics and private-sector representatives to discuss “sustainability in an holistic perspective, where environmental, cultural, economic and social concerns intersect.”
MICROFINANCE EVENT: Asian Venture Philanthropy Network (AVPN) Conference; June 4 – 7, 2018; Singapore
Summary of Event: This sixth iteration of this event centers on maximizing social impact in Asia through investing and philanthropy. The topics are to include “strategic philanthropy,” investing in education and healthcare, investing with a gender lens, government policy implications, and
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $80m to Turkey’s Vakiflar Bankasi (Vakifbank) for SME Energy-Efficiency Projects
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution established in 1991, has directed the equivalent of USD 80 million in Turkish lira to Vakiflar Bankasi (Vakifbank), a state-controlled Turkish bank, to be on-lent to small and medium-sized enterprises (SMEs) in Turkey to pursue small-scale renewable energy projects and other investments that reduce their greenhouse emissions.