Recently, 
Belgium-based Incofin Investment Management (IM) lent USD 2 million from its Incofin CVSO fund to Bina Artha, a microfinance institution (MFI) in Indonesia. Incofin IM acknowledges that
Category: Deals
MICROCAPITAL BRIEF: Huruma Fund to Issue Loan of $3.6m, Technical Assistance to COOPAC Norandino to Expand Agricultural Microfinance in Northern Peru
The Huruma Fund, a public-private impact investment vehicle with commitments of EUR 120 million (USD 145 million), recently issued a three-year loan of EUR 3 million (USD 3.58 million) to Cooperativo de Ahorro y Crédito (COOPAC) Norandino of Peru, a microfinance institution (MFI) aiming to provide services such as “tailored credit and savings products, at interest rates that are lower than market average” to the agrarian sector in northern Peru. To complement the loan, various partners of Huruma will support COOPAC Norandino “with projects to improve social performance, digitisation and
MICROCAPITAL BRIEF: Avla Raising $20m in Equity Round to Be Led by US-based Creation Investments to Expand B2B Insurance Offerings in Chile, Mexico, Peru
US-based Creation Investments Capital Management recently announced it is leading an equity investment of USD 20 million in Avla, a Chile-based business-to-business provider of insurance, surety bonds and collections services in Chile, Mexico and Peru. The firm’s insurance products include coverage for
MICROCAPITAL BRIEF: Nubank of Brazil Raises $750m in Equity, Mostly from Berkshire Hathaway, Sands Capital to Support Expansion in Latin America
Brazil-based digital bank Nubank recently raised USD 500 million from US-based holding company Berkshire Hathaway to help Nubank: (1) strengthen its management team with additional hires; (2)
MICROCAPITAL BRIEF: Invest in Visions (IIV) Mikrofinanzfonds Lends $12m to Bayport for Payroll Lending in Colombia
Invest In Visions Mikrofinanzfonds, a fund managed by Germany-based Invest In Visions (IIV), has disbursed a senior loan of EUR 10 million (USD 12.1 million) to Bayport Colombia, one of the nine financial services providers (FSPs) of Mauritius-based microfinance network Bayport Management Limited. Bayport Colombia is using the cash to fund
MICROCAPITAL BRIEF: AECID, COFIDES Launch $71m TIF Program Targeting Financial Inclusion, Sustainability in Latin America
Compañia Española de Financiación del Desarrollo (COFIDES), a development finance institution controlled by the Spanish government, recently unveiled a new program called Triple Bottom Line Inclusive Finance in Latin America (TIF), in collaboration with the Agencia Española de Cooperación Internacional para el Desarrollo (AECID), a unit of the government of Spain. TIF aims to support low-income populations in Latin America by increasing access to loans while
MICROCAPITAL BRIEF: DFC to Invest $40m in Housing, Microfinance, SME Lending, Agriculture in Guatemala
The government-backed US International Development Finance Corporation (DFC) recently agreed to invest USD 40 million in Guatemala in the following segments: (1) a loan of USD 19.5 million to Guatemala-based real estate company Destino Desarrollos to aid in the construction of “approximately 2,000 homes and associated infrastructure” deemed “affordable” in the cities of Coban, Fraijanes and Quetzaltenango; (2) with support from the US Agency for International Development (AID), a loan guarantee of USD 15 million to Guatemala-based bank Interbanco, to cover the local-currency equivalent of USD
SPECIAL REPORT: SAM 2021 to Take Place in Kigali, Rwanda, October 18-22; “One Is Not Born Resilient But Becomes Resilient: Fostering Inclusive Finance to Better Overcome Crisis!”
From 
ADA: It’s official! The largest event in inclusive finance on the African continent, the long awaited African Microfinance Week (AMW 2021), will take place in Kigali, in the land of 1,000 hills and mountains: Rwanda. From October 18 to October 22, 2021, the SAM will address the theme of resilience, a concern that is all the more important in these particular times.
This notice is the first in a
MICROCAPITAL BRIEF: Kushki Raises $86m in Equity to Grow Fintech Services for Retailers in Latin America
Kushki, a digital payment processor that is active in Latin America, recently raised USD 86 million in its Series B funding round. The investors – not all of which have been named – include Spain-based Conexo Ventures, Mexico-based Dila Capital,
MICROCAPITAL BRIEF: IDB to Lend $150m to Panama, Targeting MSME Recovery
The Inter-American Development Bank (IDB), a multilateral financial institution that promotes economic development in Latin America and the Caribbean, recently approved a loan of USD 150 million to support micro-, small and medium-sized enterprises (MSMEs) in Panama in adjusting to the COVID-19 pandemic “by facilitating access to production-oriented finance.” The funding will be delivered via
MICROCAPITAL BRIEF: IDH Farmfit Fund Acquires Equity Stake in LendXS, Provider of Fintech for Microfinance Institutions Serving Smallholder Farmers
The IDH Farmfit Fund, which is facilitated by the Sustainable Trade Initiative, a Netherlands-based NGO known by its Dutch acronym IDH, recently acquired a 21-percent stake in LendXS, a Netherlands-based financial technology (fintech) platform for rural financial institutions. The pricing of the transaction remains
MICROCAPITAL BRIEF: Oikocredit Opens $1.8m Credit Line for Cavica, Cashew Cooperative in Côte d’Ivoire
Netherlands-based cooperative Oikocredit recently agreed to loan up to EUR 1.5 million (USD 1.83 million) to support Côte d’Ivoire-based Coopérative avec Conseil d’Administration de Vivriers et de Cajou (Cavica) in the procurement, sale, storage and transport of cashews. Cavica Board Chair El Hadj Konate Arouna stated,
MICROCAPITAL BRIEF: Salaam African Bank (SAB) of Djibouti Acquires Uwezo Microfinance Bank of Kenya
Salaam African Bank (SAB) of Djibouti recently acquired Kenya-based Uwezo Microfinance Bank for an undisclosed price. Licensed by the Central Bank of Kenya (CBK) in 2010, Uwezo is a
MICROCAPITAL BRIEF: Fusion Microfinance Raises $12m in Debt from Bank im Bistum Essen (BIB) to Increase Financial Inclusion for Women in India
Fusion Microfinance, a microfinance institution in India, recently borrowed EUR 10 million (USD 12.2 million) from Bank im Bistum Essen (BIB), a cooperative bank based in Germany. The loan proceeds are intended for Fusion Microfinance to
MICROCAPITAL BRIEF: True North Sells $25m Stake in Fincare SFB, Provider of Microfinance in India, to Motilal Oswal Private Equity
Two India-based private equity firms recently exchanged a minority stake in India’s Fincare Small Finance Bank (SFB). Motilal Oswal Private Equity (MOPE) bought the shares through its India Business Excellence Fund-III for USD 25 million from True North. Although the size of the stake has not been disclosed, True North previously held 7.25 percent of the shares of Fincare SFB and
MICROCAPITAL BRIEF: Cívico of Colombia Launches “Negocios” App to Help MSMEs Advertise, Sell, Maintain Customer Relationships Online
Cívico, a Colombia-based online marketplace, networking and loan platform for micro-, small, and medium-sized enterprises (MSMEs), recently launched a mobile app called Negocios that allows users to “create a digital presence for their businesses, upload and sell their products, and connect with their clients.” Cívico also is using the app to collect data on the MSMEs’ interactions with their customers “to
MICROCAPITAL BRIEF: Numida of Uganda Raises $2.3m in Equity to Scale Digital Lending in Partnership with MFS Africa
Numida, a financial technology (fintech) firm in Uganda, recently raised USD 2.3 million in seed funding from a group of investors led by South Africa’s Mobile Financial Solutions (MFS) Africa, whose infrastructure Numida plans to use to expand outside of Uganda and launch unspecified additional digital financial products. The other investors were the US-based
MICROCAPITAL BRIEF: ECCAS, UNCDF Pursue Better Digital Remittances To, Within Central Africa
The 11-member Economic Community of Central African States (ECCAS) and the UN Capital Development Fund (UNCDF) recently entered a two-year agreement through which they aim to expand “affordable and convenient access to digital remittances” for migrants transferring money to family members in their home countries. Priti Sinha, the Executive Secretary of UNCDF said,