Compartamos Banco, a microfinance institution (MFI) based in Mexico, announced that it has raised MXN 1 billion (approximately USD 80.6 million) through the public issuance of local bank bonds (‘Certificados Bursátiles Bancarios’) in the local debt capital market.
Category: Deals
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $8m to Export and Credit Bank (ECB) of Macedonia
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has loaned Export and Credit Bank (ECB), a commercial bank in Macedonia, EUR 6 million (USD 8.3 million) for on-lending to local businesses undertaking sustainable energy investmets or investments aimed at improving their competitiveness in local and European markets. EBRD holds a 25 percent stake in ECB.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans Masterlease $28m to Support Small and Medium-Sized Enterprises (SMEs) in Poland
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, is supporting the diversification of financial services available to small and medium-sized companies in Poland with a loan of PLN 80 million (approximately USD 28.6 million) to Masterlease, a provider of car leasing and fleet services, to support further growth of the company’s portfolio and customer base.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $3m in Microfinance Institutions (MFIs) Fondesurco of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided a total equivalent to USD 3 million in debt financing to Fondesurco (Fondo de Desarrollo Regional) of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe (EFSE) Loans Hipotekarna Banka of Montenegro and Ararat Bank of Armenia $11m
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) managed by Oppenheim Asset Management Services with an investment portfolio of EUR 578.9 million (approximately USD 805 million) as of year-end 2009, has reported to MicroCapital that it loaned Hipotekarna Banka, a commercial bank based in Montenegro, and Ararat Bank, a commercial bank based in Armenia, a total of USD 11 million.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Invests $5.5m in Microfinance Institutions (MFIs) Prasac of Cambodia and Credit Mongol of Mongolia
responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made five debt investments totaling USD 5.5 million in microfinance institutions (MFIs) Prasac of Cambodia and Credit Mongol of Mongolia.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe Makes Investments Totaling $17m in Banka Kombetare Tregtare of Albania
The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV), has announced to MicroCapital that it made two debt investments in Banka Kombetare Tregtare (BKT) ShA (Joint Stock Company), a private commercial bank in Albania, in September 2010.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Makes Debt Investments Totaling $2.8m in Microfinance Institutions (MFIs) Pearl Microfinance Limited of Uganda and fondiBESA of Albania
responsAbility Social Investments AG (responsAbility), a social investment company founded in 2003 in Switzerland, reported to MicroCapital that it made two debt investments during the month of September totaling EUR 1 million (USD 1.3 million) in microfinance institution (MFI) fondiBESA of Albania and a third debt investment of USD 1.5 million in Pearl Microfinance Limited of Uganda.
MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $4.4m in Microfinance Institutions (MFIs) Inecobank and SEF International of Armenia and Kazmicrofinance (KMF) of Kazakhstan
responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital the details of six debt investments it made in September 2010 to Inecobank of Armenia, SEF International of Armenia and Kazmicrofinance (KMF) of Kazakhstan totaling USD 4.4 million.
MICROCAPITAL BRIEF: Shelter Afrique Makes $30m Available to Real Estate Developers, Microfinance Institutions and Other Lenders for Housing, Government Creates $40m Tanzania Mortgage Refinancing Company (TMRC)
Two projects aiming to improve the housing market in Tanzania are bringing the rough equivalent of USD 70 million to the sector.
MICROCAPITAL BRIEF: MFTransparency and Africa Microfinance Network (AFMIN) Partner on Initiative for Transparent Pricing in Microfinance
MFTransparency, a US-based nongovernmental organization launched in July 2008 that aims to provide information on credit products and pricing, and the Africa Microfinance Network (AFMIN), an association of microfinance networks that is based in Benin, are partnering to encourage the participation of AFMIN members in MFTransparency’s Transparent Pricing Initiative, which aims to provide training on interest rate calculations, publish online pricing information and promote consumer protection.
MICROCAPITAL BRIEF: responsAbility Social Investments AG Makes Debt Investments Totaling $1.7m in MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador
responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador.
MICROCAPITAL BRIEF: Central and Eastern Europe (CEE) Microfinance Holdings NV Acquires Microfinance Institutions (MFIs) Opportunity Albania, Inicjatywa Mikro of Poland and Forus Bank of Russia
Central and Eastern Europe (CEE) Microfinance Holdings NV, a Dutch private-equity holding company owned by Development Finance Equity (DFE) Partners’ Balkan Financial Sector Equity Fund (BFSEF) of the Netherlands and US-based private-equity fund Creation Investments Capital Management, recently announced the purchase of three microfinance institutions (MFIs) located in Albania, Poland and Russia.
MICROCAPITAL BRIEF: European Fund for Southeastern Europe (EFSE) Loans $26.7m to Raiffeisenbank EAD of Bulgaria for Housing Finance
The European Fund for Southeastern Europe (EFSE) has recently signed a loan of EUR 20 million (USD 26.7 million) to Raiffeisenbank EAD (Joint Stock Corporation) of Bulgaria for the provision of loans to low-income households for renovating, enlarging or purchasing their homes.
MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Invests $1.1m in Microfinance Institution (MFI) Advans Ghana
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced that it will invest GHS 1.58 million (USD 1.1 million) in Advans Ghana, a microfinance institution (MFI) established in 2008 that belongs to the Luxembourg-based Advans Group.
MICROCAPITAL BRIEF: Indian Microfinance Institution Trident Planning to Raise $16m in Equity Financing
Trident Microfin Private Limited (formerly known as Annapurna Financial Services Private Limited), an Indian microfinance institution, recently announced it plans to raise INR 750 million (USD 16 million) in equity financing from high-net-worth individuals and two existing investors, Caspian Advisors’ Bellwether Microfinance Fund and the India Financial Inclusion Fund, both of which are India-focused equity investment funds.
MICROCAPITAL BRIEF: Lagos State Government Commits $8.5m to Microfinance Banks through Lagos State Microfinance Institution
The Lagos State government recently announced it has committed NGN 1.3 billion (USD 8.5 million) to the Lagos State Microfinance Institution (LASMI) for distribution to microfinance banks in Nigeria.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $8m in Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance of Kazakhstan
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 August 2010 to financial institutions Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance LLC of Kazakhstan.