Azerpoct Limited, the national postal operator of Azerbaijan, announced that it will begin offering microcredit services in 2011.
Category: Deals
MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation Pledges $500m to Expand Microsavings Over the Next 5 Years Including Grants To World Savings Bank Institute (WSBI), Vodacom Tanzania, ShoreBank International, CGAP (Consultative Group to Assist the Poor), World Bank and Yale University/Innovations for Poverty Action
The Bill & Melinda Gates Foundation, a nonprofit organization based in the US, has pledged USD 500 million over the next five years to expand savings and build a “new financial infrastructure” to bring savings services to the poor.
MICROCAPITAL BRIEF: responsAbility Social Investments Provides Debt Financing Worth $2.7m to Microfinance Institutions Opportunity Albania and FINCA Russia
responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in November 2010 it made four debt investments in microfinance institutions Opportunity Albania and FINCA Russia.
MICROCAPITAL BRIEF: BlueOrchard Loans $2.5m to Microfinance Institutions Prasac, Hattha Kaksekar Limited (HKL) of Cambodia
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the following two loans it made to Cambodian microfinance institutions (MFIs):
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $65m to Bank Saint Petersburg of Russia and $4m to Microfinance Institution (MFI) fondiBESA of Albania
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has loaned Bank Saint Petersburg, a commercial bank in Russia, and fondiBESA, a microfinance institution (MFI) in Albania, a total of USD 69 million.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $26m to Banka Kombëtare Tregtare (BKT) of Albania for Microfinance, Small Enterprise Lending
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 a loan of EUR 20 million (approximately USD 26.2 million) to Banka Kombëtare Tregtare (BKT), a commercial bank in Albania.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $50m to Bank of Georgia for Microfinance Operations
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) advised by Finance in Motion and managed by Oppenheim Asset Management Services, loaned USD 50 million to Bank of Georgia, a commercial bank, for expansion of its housing and micro- and small enterprise (MSE) lending operations.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $6m in Microfinance Institution (MFI) ACBA-Credit Agricole Bank CJSC and ACBA Leasing of Armenia
responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made five debt investments in microfinance institution (MFI) ACBA-Credit Agricole Bank CJSC (ACBA) and its subsidiary leasing branch, ACBA Leasing.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Invests $5.5m in Fondo de Desarrollo Local (FDL) of Nicaragua, First Allied Savings and Loans Limited (FASL) of Ghana and AB Microfinance Bank of Nigeria
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Receives Funding From Michael & Susan Dell Foundation and the Ford Foundation to Expand Social Performance Initiative
Microfinance Information Exchange (MIX), a source of financial and social performance data on microfinance institutions (MFIs), funders and service providers, has received grants from the Michael & Susan Dell Foundation and the Ford Foundation to expand its Social Performance Information Program.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $6.5m in Microfinance Institutions (MFIs) COAC Progreso of Ecuador, Pagasa of the Philippines and Vision Banco of Paraguay
responsAbility Social Investments AG (responsAbility), an investment manager based in Switzerland, reported to MicroCapital that it has provided a total of USD 6.5 million in debt financing to COAC Progreso, Pagasa and Vision Banco.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $1.5m in Microfinance Institutions (MFIs) FINCA DRC of Democratic Republic of the Congo, Grooming Centre of Nigeria and WAGES of Togo
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided approximately USD 1.5 million in debt financing to FINCA DRC of Democratic Republic of the Congo, Grooming Nigeria of Nigeria and Women and Associations for Gain both Economic and Social (WAGES) of Togo.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Totaling $800k in Microfinance Institutions Crystal Fund of Georgia and Oxus Microfinance of Tajikistan
responsAbility Social Investments AG (responsAbility), an investment company based in Switzerland, recently reported to MicroCapital that in October 2010 it made three debt investments totaling USD 800,000 in microfinance institutions (MFIs) Oxus Microfinance of Tajikistan and Crystal Fund of Georgia.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Invests $4.3m in Microfinance Institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa and Fair Trade Group Asociación de Comités de Productores Agropecuarios (ACOPAGRO), All of Peru
responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it made three debt investments totaling USD 4.3 million in microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa, and Asociación de Comités de Productores Agropecuarios (ACOPAGRO), all of Peru.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans NLB Prishtina of Kosovo and ProCredit Bank Serbia $34.9m
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 reported to MicroCapital that it loaned NLB Prishtina, a commercial bank based in Kosovo, and ProCredit Bank Serbia, a development-oriented bank, a total of USD 34.9 million.
MICROCAPITAL BRIEF: Indian Microfinance Institution (MFI) Bhartiya Samruddhi Finance Limited (BSFL) Plans to Sell $56.3m Stake to Private Equity Consortium
Bhartiya Samruddhi Finance Limited (BSFL), a microfinance institution (MFI) that is part of the BASIX group, reportedly plans to sell an INR 2.5 billion (the equivalent of USD 56.3 million) stake to a group of undisclosed private equity firms.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $7m in Inecobank of Armenia, Credo of Georgia and Pag-Asa
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of three debt investments made during the month of September 2010 to financial institutions Inecobank of Armenia, Limited Liability Company (LLC) Microfiance Organization (MFO) Credo of Georgia and Pag-Asa of the Philippines.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $8m in Caja Municipal de Ahorro y Crédito (CMAC) Ica and Crear Arequipa of Peru, Pro Mujer Bolivia and Fundación para el Desarrollo Socioeconómico Rural (FUNDESER) of Nicaragua
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of four debt investments made during the month of September 2010 to microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica and Crear Arequipa of Peru, the Bolivian operations of Pro Mujer and Fundación para el Desarrollo Socioeconómico Rural (FUNDESER) of Nicaragua.