International management consulting firm Oliver Wyman has announced a strategic alliance with Kiva.org to support the microfinance institution’s expansion. Through Oliver Wyman’s Non-Profit Fellowship Program, consultants have previously helped build and scale Kiva’s current operations. The newly established Oliver Wyman-Kiva externship program is an extension of their fellowship program, promoting sustainable development through micro-lending.
Category: Deals
MICROCAPITAL STORY: responsAbility Mikrofinanz-Fonds Invests $2.7m in MicroInvest, AgroInvest, Prestanic and Fondesurco
In its Microfinance Capital Markets Update, CGAP (Consultative Group to Assist the Poor) reports that responsAbility Mikrofinanz-Fonds fund recently made investments totaling USD 2.7 million in four microfinance institutions (MFIs). In the Europe and Central Asia Region, Mikrofinanz-Fonds invested USD 300,000 in MicroInvest of Tajikistan and USD 1.5 million in AgroInvest of Serbia and Montenegro. In the Latin America and Caribbean Region, USD 500,000 was invested in Prestanic of Nicaragua and USD 400,000 in Peruvian MFI Fondesurco.
MICROCAPITAL STORY: responsAbility Global Microfinance Fund (rAGMF) of Luxembourg Lends a Total of $3.25m to the Foundation for International Community Assistance (FINCA) in Azerbaijan, Kyrgyzstan, and Georgia
The Consultative Group to Assist the Poor (CGAP) reports in its list of recent transactions that the responsAbility Global Microfinance Fund (rAGMF) financed USD 750,000 in loans to the Foundation for International Community Assistance Azerbaijan (FINCA Azerbaijan) on February 27, 2008, USD 1 million to FINCA MicroCredit Company (FMCC) of Kyrgyzstan on March 17, 2008, and USD 1.5 million to FINCA Georgia on March 19, 2008. The transaction to FINCA Azerbaijan is not to be confused with a separate responsAbility Microfinance Leaders Fund (rAMLF) loan taking place on the same date for the exact same amount, which was reported on by MicroCapital here.
MICROCAPITAL STORY: Banco Pichincha of Ecuador Receives $75m from Inter-American Development Bank for Microfinance Endeavors
MICROCAPITAL STORY: MicroCredit Enterprises Invests $150k in Pro Mujer
CGAP (Consultative Group to Assist the Poor) recently reported that California-based MicroCredit Enterprises made a USD 150,000 investment in Latin American microfinance institution Pro Mujer.
MICROCAPITAL STORY: International Finance Corporation (IFC), a Member of the World Bank Group, to Invest $10.9m in I&P Capital II, a Private Equity Fund for Microfinance in Africa’s Indian Ocean Nations
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a EUR 7 million (USD 10.9 million) investment in I&P Capital II, a private equity fund that finances small-and-medium enterprises (SMEs) in Africa’s Indian Ocean nations.
MICROCAPITAL STORY: Triodos-Doen and the Hivos-Triodos Fund Invests $1.3M in HUMO Micro Lending Fund, Alter Modus Montenegro and Kazakhstan Microcredit Organization Bereke
The Consultative Group to Assist the Poor (CGAP) recently reported the Triodos-Doen Foundation and Hivos-Triodos Fund of the Netherlands invested USD 1.3 million in three Eastern European and Central Asian (EAC) microfinance institutions. Triodos-Doen invested loans of USD 251,000 in Micro Lending Fund HUMO of Tajikstan and USD 737,000 in Alter Modus in Montenegro. Hivos-Triodos invested USD 301,000 in loans to Kazakhstan Microcredit Organization Bereke.
MICROCAPITAL STORY: Triodos-Doen Foundation, Triodos Fair Share Fund and Hivos-Triodos Invest a Total of $7.5M in Latin American Microfinance Institutions: Organización de Desarollo Empresarial Feminino (ODEF OPDF), EPDYME Edyficar, Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) and FIE Gran Poder S.A.
The Consultative Group to Assist the Poor (CGAP) recently reported Triodos-Doen Foundation, Triodos Fair Share Fund and Hivos-Triodos Fund of the Netherlands invested USD 7.5 million in four Latin American microfinance institutions. Organización de Desarollo Empresarial Feminino (ODEF OPDF) of Honduras received a loan investment of USD 2 million divided between the Triodos Fair Share Fund and the Hivos-Triodos fund. The Triodos Fair Share Fund invested USD 2.5 million each in loans to EPDYME Edyficar of Peru and and Fondo Financiero Privado para el Fomento a Iniciativas Economicas (FIE FIE) of Bolivia. FIE Gran Poder S.A. based in Buenos Aires, Argentina was granted a loan of USD 528,000 by the Triodos-Doen Foundation.
MICROCAPITAL STORY: Finethic Microfinance S.C.A. of Luxembourg Lends $1m to Microfinance Institution (MFI) FINCA Armenia and $1m to MFI FINCA Kyrgyzstan
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) reports that Finethic Microfinance S.C.A., a Luxembourg-based microfinance investment company, has issued loans of USD 1 million to microfinance institution (MFI) FINCA Armenia and USD 1 million to MFI FINCA Kyrgyzstan.
MICROCAPITAL STORY: responsAbility Microfinance Leaders Fund (rAMLF) of Luxembourg Lends $500k to Thaneakea Phum (Cambodia) (TPC), $303k to Catalyst Microfinance Investors (CMI), $929k to ASP Financiera (ASP), and $750k to the Foundation for International Community Assistance Azerbaijan (FINCA Azerbaijan)
The Consultative Group to Assist the Poor (CGAP) reports in its list of recent transactions that the responsAbility Microfinance Leaders Fund (rAMLF) financed USD 500,000 in loans to Thaneakea Phum (Cambodia) (TPC) on February 6, 2008, USD 303,092 to Catalyst Microfinance Investors (CMI) on February 7, 2008, USD 929,000 to ASP Financiera (ASP) on February 20, 2008, and USD 750,000 to the Foundation for International Community Assistance Azerbaijan (FINCA Azerbaijan) on February 27, 2008.
MICROCAPITAL STORY: Oikocredit of the Netherlands Invests $5m in Central American Microfinance Institutions: Asociación Pueblos en Accion Comunitaria (APAC), Cooperativa Mixta Mujeres Unidas Limitadas (COMIXMUL), Financiera Summa, S.A., Asociación Civil Guatemalteca Para el Desarrollo Integral (ASDESARROLLO), Fundación Hondureña para el Desarrollo de la Microempresa (FUNDAHMICRO), Asociación Cooperativa Dimas Rodriguez de R.L, Agencia de Desarrollo Economico Local (ADEL)
The Consultative Group to Assist the Poor (CGAP) recently reported Oikocredit, a Dutch cooperative investment fund, invested nearly USD 5 million in seven microfinance institutions in Central America. Asociación Pueblos en Accion Comunitaria (APAC) of Nicaragua, Cooperativa Mixta Mujeres Unidas Limitadas (COMIXMUL) of Honduras and Financiera Summa, S.A., of Guatemala received the largest loan investments of USD 1 million each. Microfinance institution Asociación Civil Guatemalteca Para el Desarrollo Integral (ASDESARROLLO) of Guatemala received a loan of USD 725,000, and Fundación Hondureña para el Desarrollo de la Microempresa (FUNDAHMICRO) of Honduras was loaned USD 700,000 by the Dutch fund. El Salvadorian institutions, Asociación Cooperativa Dimas Rodriguez de R.L and Agencia de Desarrollo Economico Local (ADEL) were given USD 200,000 and 329,000 respectively.
MICROCAPITAL STORY: responsAbility Global Microfinance Fund Invests $4.2m in EDPYME Confianza, EDPYME Alternativa, Hattha Kaksekar Ltd. and CREDIT
In its Microfinance Capital Markets Update, CGAP (Consultative Group to Assist the Poor) reports that responsAbility Global Microfinance Fund has recently made investments in microfinance institutions (MFIs) in Peru and Cambodia. Two Peruvian institutions EDPYME Confianza and EDPYME Alternativa received USD 1 million and USD 1.2 million respectively. Cambodian institutions Hattha Kaksekar Limited (HKL) and Cambodia Rural Economic Development Initiatives for Transformation (CREDIT) each received USD 1 million.
MICROCAPITAL STORY: International Finance Corporation (IFC), a Member of the World Bank Group, to Invest $45m in Britain’s Standard Chartered Bank to Expand Microfinance in Africa and Asia
The International Finance Corporation (IFC), a member of the World Bank Group, will partner with Britain’s Standard Chartered Bank, a commercial bank, by investing USD 45 million for bank-issued credit-linked notes, which will allow the bank to increase lending to microfinance institutions (MFIs) in Africa and Asia.
MICROCAPITAL STORY: Incofin of Luxembourg Lends $2m to Guatemalan Microfinance Institution (MFI) FUNDEA, $1m to Bolivian MFI FADES, and $300k to Ghanaian MFI Sinapi Aba Trust
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) reported that Incofin, a Luxembourg-based social investment company, has issued loans of USD 2 million to Guatemalan microfinance institution (MFI) FUNDEA, USD 1 million to Bolivian MFI FADES, and USD 300,000 to Ghanaian MFI Sinapi Aba Trust.
MICROCAPITAL STORY: Investment Group Legatum and Omidyar Network Invest $40m in Unitus Equity Fund II
Legatum, an international private investment group, and the Omidyar Network, a philanthropic investment firm, will invest USD 40 million in Unitus Equity Fund II, a newly created private equity fund that will provide capital to microfinance institutions (MFIs) with an emphasis on growth.
MICROCAPITAL STORY: AfriCap Microfinance Fund (AfriCap) of Mauritius Makes a $1.1m Equity Investment in Société de Financement de la Petite Entreprise (SOFIPE) of Burkina Faso
The Consultative Group to Assist the Poor (CGAP) reports in its list of recent transactions that AfriCap Microfinance Fund (AfriCap) made a USD 1.1 million equity investment in the newly established Société de Financement de la Petite Entreprise (SOFIPE), a microfinance institution (MFI) in Burkina Faso, on March 1st, 2008.
MICROCAPITAL STORY: Calvert Foundation Makes Microfinance Investments Totaling $1.6m in Banco Solidario, Unitus and Pro Mujer
In its Microfinance Capital Markets Update, CGAP (Consultative Group to Assist the Poor) reports that Calvert Social Investment Foundation invested USD 1.6 million in three microfinance organizations. Calvert invested USD 400,000 in Banco Solidario, USD 500,000 in Unitus and USD 650,000 in Pro Mujer. CGAP reports that in transacting with Pro Mujer, Calvert made two separate investments, one totaling USD 150,000, directed “worldwide”, the other totaling USD 500,000 directed towards Latin America and the Caribbean.
PRESS RELEASE: Legatum and Omidyar Network Invest $40m as Co-Anchors of Unitus
Source: PR Newswire.