Incofin Investment Management, a firm based in Belgium, recently made an INR 100 million (approximately USD 2.21 million) equity investment in Indian microfinance institution (MFI) Hope Microcredit, which is based in Kerala.
Category: Deals
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Makes $1.8m Local-Currency Loan to Koperasi Mitra Dhuafa (Komida) of Indonesia and Thaneakea Phum Cambodia (TPC), Chamroeun Microfinance of Cambodia
Grameen Credit Agricole Microfinance Foundation, a nonprofit organization established in Luxembourg in 2008 as a partnership between Credit Agricole SA, a French retail bank, and Grameen Trust (GT), a nonprofit microfinance organization based in Bangladesh, extended three local-currency loans equivalent to a total of USD 1.8 million to microfinance institutions (MFIs) in Southeast Asia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides $76m Loan to Bancpost to Support Lending to Micro-, Small and Medium-Sized Enterprises (MSMEs) in Romania
International Finance Corporation (IFC), the private sector arm of the World Bank Group, is providing a EUR 58 million (USD 76.3 million) loan to Bancpost, a universal bank established in Romania in 1991, for lending to micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $90m to Patria Credit of Romania and Orient Express of Russia for Microfinance and Small Business Lending
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, made two loans worth USD 90 million to support microfinance in Romania and the Russian Far East.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Arranges $22m Syndicated Loan to Banco Pichincha of Ecuador for Housing, Microfinance, SME Lending
The Inter-American Development Bank (IDB), a multilateral finance organization established in 1959 that is based in the United States and operates in Latin America and the Caribbean, extended a USD 22 million syndicated loan to Banco Pichincha, an Ecuadorian commercial bank.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10.5m to Bank Respublika to Support Micro-, Small and Medium-Sized Enterprises in Azerbaijan
The European Bank for Reconstruction and Development (EBRD) recently made loans totaling USD 10.5 million to Bank Respublika in Azerbaijan. Since the beginning of its operations in Azerbaijan, “EBRD has invested some EUR 1.2 billion (USD 1.57 billion) in about 120 projects, with over 60 percent of the projects being investments into the development of the private sector.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $1M to Cameroonian Microfinance Institution (MFI) Advans Cameroun
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently provided XAF 500 million (approximately USD 1.01 million) in local currency loan to Advans Cameroun, a microfinance institution (MFI) that is controlled by the Luxembourg- based investment firm Advans SA.
MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Investing $7m in Regional MSME Investment Fund for Sub-Saharan Africa SA (REGMIFA)
The Netherlands Development Finance Company (FMO), a Dutch public-private partnership that aims to promote developing economies, has committed USD 7.5 million to the Regional MSME Investment Fund for Sub-Saharan Africa SA, SICAV-SIF (REGMIFA), a Luxembourg-based fund that seeks to invest in micro-, small and medium sized enterprises (MSMEs) in Africa.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Funded by MasterCard Foundation to Expand Data Coverage Among Microfinance Organizations (MFIs) in Africa
The Microfinance Information Exchange (MIX), the microfinance data clearinghouse, has received a USD 2 million grant from the MasterCard Foundation, a private Canadian foundation that seeks to alleviate poverty through microfinance and education, to improve information sharing among microfinance institutions (MFIs) in Africa and the visibility of those organizations outside the region.
MICROCAPITAL BRIEF: Grameen Foundation, Grameen Capital India and Grameen-Jameel Announce $8m Guarantee Pool to Improve Liquidity of Indian Microfinance Institutions (MFIs)
Grameen Foundation, a US-based nonprofit; Grameen Capital India, a Mumbai-based social business that promotes growth in the microfinance sector in India; and Grameen-Jameel, a joint venture founded in 2007 by the Grameen Foundation and Grow Well Limited of Saudi Arabia, have launched a new initiative to address the liquidity needs of Indian microfinance institutions (MFIs) that demonstrate a focus on social as well as financial returns.
MICROCAPITAL BRIEF: European Fund for Southeast Europe Loans $19m to ProCredit Bank SA of Romania for Microfinance
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg in 2005, recently reported to MicroCapital that it made a debt investment of USD 19 million in ProCredit Bank SA of Romania, a bank catering to micro-, small and medium-sized enterprises that is part of the ProCredit Holding Group, which consists of twenty-one member banks that operate in developing countries in Eastern Europe, Latin America and Africa.
MICROCAPITAL BRIEF: Asian Development Bank Invests in Microfinance through $10m Equity Placement in Shorecap II Fund
The Asian Development Bank (ADB), an international development organization based in Manila, Philippines, announced that it will be making an equity investment of up to USD 10 million in Shorecap II Fund (SCII), the successor to Shorecap International (SCI), a microfinance investment vehicle (MIV) established in 2003.
MICROCAPITAL BRIEF: AlHuda CIBE, NAYMET Sign MoU to Develop Islamic Microfinance Products in Pakistan
AlHuda Centre of Islamic Banking and Economics (CIBE), an organization that promotes Islamic banking and finance through research and advisory services, recently signed a memorandum of understanding (MoU) with Naziran Yousaf Memorial Trust (NAYMET) Islamic Microfinance, a Pakistani nonprofit organization, to develop NAYMET’s Islamic microfinance products.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe (EFSE) and ProCredit Bank Moldova Sign $7m Synthetic, Local-Currency Loan for On-Lending to Microenterprises
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, has provided ProCredit Bank, the Moldovan operation of ProCredit Holding, with a long-term, synthetic loan in Moldovan leu (MDL) equivalent to USD 7 million for on-lending to micro- and small enterprises.
MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Worth $4.5m to PRASAC, Chamroeun of Cambodia, TSKI of Philippines
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it made five investments totaling USD 4.5 million to three microfinance institutions (MFIs) in Asia.
MICROCAPITAL BRIEF: Institute for Financial Management Research Mezzanine Finance Private Limited (IFMR Mezz) Provides $221k in Subordinated Debt to Saija Finance Private Limited
The Institute for Financial Management Research (IFMR) Mezzanine Finance Private Limited (IFMR Mezz), a microfinance investment arm of the nonprofit IFMR, has provided funds worth INR 10 million (approximately USD 221,000) to Saija Finance Private Limited, a non-banking finance company providing microfinance services in northern India, in the form of unsecured, subordinated debt.
MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Worth $5m in Contactar of Colombia, FODEMI of Ecuador, FINCA Mexico and Edpyme Raiz of Peru
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it made five investments totaling USD 5.3 million in four microfinance institutions (MFI) in Mexico and South America.
MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Totaling $6m in Microfinance Institutions Credo and Constanta of Georgia and Kompanion of the Kyrgyz Republic
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it made five debt investments totaling USD 6 million in three microfinance institutions in Central Asia.