The International Finance Corporation will loan 2 million euros (USD $2.5 million) to microfinance institution (MFI) MI-BOSPO of Tuzla, Bosnia and Herzegovina. The proposed project will develop an existing MI-BOSPO program centered upon micro- and small- enterprise.
Category: Deals
FINCA Uganda receives $1.1 million in Microfinance Investment from Hivos-Triodos Fund and Triodos Fair Share Fund
From The Hivos-Triodos Fund and Triodos Fair Share Fund, FINCA Uganda recently received a loan valued at 2 billion Ugandan Shillings (UGX), equivalent to about US$1.1 million. Founded in 1992, FINCA Uganda is part of the FINCA International network. The FINCA International network itself has programs in 21 countries and reported $98.4 million in total assets in their 2004 Annual Report. Each country program operates as a branch of the one international organization. Please refer to Additional Resources below for more information about the nature of Microfinance Networks.
International Finance Corporation Takes Equity Stake and Extends $1 Million Trade Finance Line to Azerigazbank for Microfinance Investment in Azerbaijan
The International Finance Corporation (IFC) will acquire up to a 17.5% stake in Azerigazbank (AGBank) as well as extend a $1 million trade finance line to the Azeri bank.
Hivos-Triodos Fund Extends $507,000 loan in Microfinance Investment to Thaneaka Phum Cambodia
Thaneaka Phum Cambodia (TPC), a microfinance institution founded in 1994, received a loan for 19.5 million Thai Baht (THB), or about US$507,000, from Hivos-Triodos Fund. TPC had 43,194 active borrowers as of year end 2005, with a gross loan portfolio of $4.5 million. Total assets totaled $5.3 million, with a return of 7.01%. Total equity was $3.1 million, with debt to equity ratio of 67.60%.
responsAbility Global Microfinance Fund Loans $750,000 to Microfinance Institution (MFI) Fundacion Nieborowski in Nicaragua
responsAbility Global Microfinance Fund loaned $750,000 to Fundacion Jose Nieborowski, a non-profit established in 1993 to promote development in the province of Boaca, Nicarauga. Fundacion Nieborowski reported a gross loan portfolio of $15.6 million, total assets of $17.7 million, total equity of $4 million, return on assets of 4.21%, and return on equity of 19.4% to the MIX Market. MicroCapital recently reported on the $1 million syndicated loan it received from the Triodos-Doen fudn.
responsAbility Global Microfinance Fund Loans Over $1 Million to MFLO Opportunity Eastern Europe, Bai Tushum, Russian Women Microfinance Network and Agency for Finance in Kosovo
In addition to its recent $900,000 investment in FINCA Azerbaijan, responsAbility Global Microfinance Fund loaned over $1 million to microfinance institutions in Eastern Europe. responsAbility, established in 2003 under Luxembourg law, is classified as a private investor and open-ended investment fund. In May 2006, it reported a total fund volume of $57 million and microfinance investments of $53 million.
responsAbility Global Microfinance Fund Makes Debt Investment Totaling USD $900,000 in FINCA Azerbaijan
The Foundation for International Community Assistance (FINCA) Azerbajian received 2 separate loans for $500,000 and $400,000 from the responsAbility Global Microfinance Fund. FINCA Azerbaijan is part of the FINCA International network, which developed the village banking method of microfinance which emphasizes the formation of community-based credit and savings associations. FINCA was incorporated in 1985 and expanded its activities beyond Latin America to Central Asia with the establishment of FINCA Kyrgyzstan in 1995. FINCA Azerbaijan was established in 1998.
Impulse Microfinance Investment Fund Loans 1 Million Euros to Prizma in Bosnia & Herzegovina
Microfinance Institution (MFI) Prizma received a EUR 1 million (USD $1.02 million) loan from Impulse Microfinance Investment Fund. Prizma is a non-bank financial institution established in 1997, with 5 branch offices and 35 satellite offices across Bosnia & Herzegovina. It reports an outstanding loan portfolio of 20.96 million km (USD $13.57 million), with an average loan balance of $731. It recently received loans totaling EUR 1 million from the Triodos-Doen fund.
Thanks to a Series of Microfinance Investments from Oikocredit, Triodos-Doen & Hivos-Triodos, Dignity Fund and Microvest, Kazakhstan Loan Fund Receives $4.38 Million
The Kazakhstan Loan Fund (KLF), an NGO working to provide financing to small-scale entrepreneurs throughout Kazakhstan, recently received a series of loans from a number of Microfinance Investment funds. Founded in 1997, KLF had 16,436 active borrowers at the end of 2005, with a gross loan portfolio of $11.2 million out of $14.4 million in total assets. Return on assets was 8.98%. Total Equity was reported at $5.02 million, with a debt to equity ratio of 186.73%.
Alter Modus of Serbia & Montenegro Accepts an Additional $384,150 in Microfinance Investment from Triodos-Doen
Alter Modus, an NGO based in Serbia & Montenegro, recently received a loan from the Triodos-Doen Foundation for EUR 300,000, or US$384,150. This is in addition to a loan worth $244,800 issued earlier this year. (See Microcapital Blog 3/3/06).
Constanta Foundation of Georgia, FINCA Armenia, and Romania’s CAPA Finance Societate de Microfinantare SA Benefit from Oikocredit’s Microfinance Investments in Eastern Europe
Oikocredit’s latest round of microfinance investments has included several loans to microcredit organizations in Eastern Europe. Founded in 1975, Oikocredit is one of the larger microfinance investment funds, reporting total assets of $304 million as of year-end of 2005. $126 million of this is allocated to Microfinance Investments.
The European Bank for Reconstruction & Development Supports Microfinance in Moldova with 2.4 million euro Credit Line Extension to Mobiasbanca
Mobiasbanca, the fifth largest private bank in Moldova, was extended a credit line of 2.4 million euros (USD $3.07 million) by the European Bank for Reconstruction & Development (EBRD) as part of its Moldovan Microfinance Framework (MMF). MMF is a $25 million facility providing funds for local banks to lend to micro and small enterprises.
responsAbility Global Microfinance Fund Loans USD $750,000 to 2 Microfinance Institutions (MFIs) in Peru, Edpyme Alternativa and Edpyme Crédito de Alcance Regional Tacna
Oikocredit Invests Nearly $3 Million in 5 Central and South American Microfinance Institutions (MFIs): Loans Given to UNCREFUM, Pablo Munoz Vega, Kullki Wasi, Intihuaca, and ADEA
In addition to its recent $500,000 loan to CEPRODEL in Nicaragua, private investor fund Oikocredit committed close to USD $3 million to MFIs in Central and South America. None of these 5 MFIs report to the MIX Market, the microfinance information clearinghouse. Oikocredit is an international co-operative society established in 1975 under Dutch law. It reported fund assets of $304 million and assets of $126 million allocated to microfinance investments at the end of 2005. According to the MicroCapital ROI Quicklist, Oikocredit has a return on investment of 2%. Oikocredit’s active portfolio of microfinance investments can be found here.
Microfinance Investment in Small and Microenterprise Project of Kenya: $500,000 Loan from responsAbility
A Swiss microfinance investment fund founded in 2003, responsAbility Global Microfinance Fund reported $57 million in total assets at year-end 2005, with $53.7 million allocated to microfinance investments. ResponsAbility recently extended a $500,000 loan to the Small and Microenterprise Project (SMEP) in Kenya.
National Investment Bank of Ghana Receives $2.56 Million Microfinance Investment Loan from Oikocredit
Oikocredit recently extended a six year, EUR 2 million (US$ 2.56 million) loan to Ghana’s National Investment Bank (NIB). Established in 1963, NIB is involved in both development and commercial banking. According to their 2005 Financial Highlights, the Bank had $210 million in total assets, with $132 million in gross loans.
Oikocredit Microcredit Investments Extend to Eastern Europe; MI-BOSPO Receives $1.28 Million Loan
MI-BOSPO of Bosnia & Herzegovina, received a EUR 1 million (US$1.28 million) loan repayable in 5 years from Oikocredit. Founded in 1996, MI-BOSPO is a microcredit organization which aims at providing financial services to women entrepreneurs. According to MIX Market, year-end 2004 figures indicated a $9.4 million gross loan portfolio made up of 9,206 active borrowers. Total assets were $11.4 million. With $4.3 million in total equity, the return was 17.83% and debt to equity ratio was 164.07%.
Oikocredit Loans $500,000 to CEPRODEL for Microfinance Investment in Nicaragua
Private investor fund Oikocredit loaned $500,000 repayable in 5 years to the Centro de Promocion del Desarrollo Local (CEPRODEL), a Nicaraguan non profit established in 1991.
Continue reading “Oikocredit Loans $500,000 to CEPRODEL for Microfinance Investment in Nicaragua”