Risk Management in Microfinance (RIM), a Luxembourg-based nonprofit organization that offers guidelines, consulting and training for microfinance professionals on risk, and the Professional Risk Managers’ International Association (PRMIA),
Category: Deals
MICROCAPITAL BRIEF: Woori Bank of South Korea Acquires VisionFund Cambodia from Microfinance Subsidiary of US-based World Vision
VisionFund International, a UK-based NGO that offers microfinance services for World Vision, a US-based Christian relief and development organization, recently sold VisionFund Cambodia, a microfinance institution (MFI) serving rural
MICROCAPITAL BRIEF: Microfinance Holding Company ASA International to Trade on London Stock Exchange, Citigroup Coordinating IPO
ASA International, a microfinance holding company that owns and operates 12 microfinance institutions in Asia and Africa, is scheduled to become a Premium Listed company on the London Stock Exchange on July 13. The firm, which has offices in Bangladesh and the Netherlands, was co-founded by Md Shafiqual Haque Choudhury, the founder and President of ASA. ASA,
MICROCAPITAL BRIEF: IFC Loans $1.2m to AFK of Kosovo for Microlending to Smallholder Farmers; Micro-, Small Enterprises (MSEs)
The International Finance Corporation (IFC), a unit of the World Bank Group, recently loaned EUR 1 million (USD 1.2 million) to the Agency for Finance in Kosovo (AFK), a microfinance institution that focuses on
MICROCAPITAL BRIEF: OPIC Loans $143m to CrediQ for SME Vehicle Loans, Leases in Costa Rica, El Salvador
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned USD 143 million to CrediQ Inversiones of Costa Rica and CrediQ El Salvador, two vehicle financing providers owned
MICROCAPITAL BRIEF: OPIC Loans $100m to Grupo Lafise for Housing, Consumer, SME Lending in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned USD 100 million to the Panama-based Grupo Lafise, whose holdings provide retail banking, investment banking, export
MICROCAPITAL BRIEF: 4Di Capital, Accion Venture Labs, Lireas Holdings Invest Equity in Insurance Technology (Insurtech) Firm Lumkani of South Africa
Lumkani, a South Africa-based technology firm specializing in fire insurance and detection equipment, recently received equity investments of undisclosed amounts from the South Africa-based venture capital
MICROCAPITAL BRIEF: OPIC Loans $100m to IndusInd Bank for Microfinance Lending to Women in India
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently issued an eight-year loan in the amount of USD 100 million to India’s IndusInd Bank to increase its microenterprise lending
MICROCAPITAL BRIEF: IDB Invest Places $10m in Bozano Growth Capital Fund to Take Equity Positions in Mid-sized Healthcare Firms in Brazil
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently executed an equity investment of USD 10 million in Bozano Investimentos, a Brazil-based private equity and asset
MICROCAPITAL BRIEF: Nordic Microfinance Initiative (NMI) Raises $105m from DNB, Ferd, IFU, KLP, Norfund for Fund IV for MFIs in Africa, Asia
The Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership that supports microfinance institutions (MFIs) in developing countries, recently debuted its fourth fund with a total of USD 105 million in commitments from the following organizations: Norway’s Den Norske Bank;
MICROCAPITAL BRIEF: OPIC Loans $5m in Local Currency to Grameen Impact Investments India for SMEs
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned INR 355 million (USD 5 million) to Grameen Impact Investments India (GIII), a unit of Grameen Capital India (GCI) that
MICROCAPITAL BRIEF: IDB Loans $10m to Factotal for SME Leasing, Factoring, Vendor Finance in Chile, Peru
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently disbursed a four-year loan of USD 10 million to Factotal SA, a Chile-based provider of leasing, factoring and vendor-finance services for small and medium-sized enterprises (SMEs). The deal, which is the fourth between the parties, is
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $3m to Microfinance Institution Vision Banco Paraguay
Germany-based Invest in Visions (IIV) recently announced that it loaned USD 3 million during May 2018 to Vision Banco Paraguay, a microfinance institution (MFI) providing credit and deposit services to individuals as well as small and medium-sized enterprises (SMEs). IIV executed the investment
MICROCAPITAL BRIEF: Accion Venture Lab, YourNest Invest $1.3m for Equity Stakes in Digital Lender CredRight of India
CredRight, an online lender to individuals as well as micro-, small and medium-sized enterprises (MSMEs) in India, recently received equity investments totaling INR 90 million (USD 1.3 million) from Accion Venture Labs, a fund of US-based NGO Accion, and YourNest, a venture capital firm
MICROCAPITAL BRIEF: World Bank Group’s IBRD Lending $400m to Industrial Development Bank of Turkey (TSKB) for SMEs, “Women-inclusive” Enterprises, Businesses Serving Syrian Refugees
The International Bank for Reconstruction and Development (IBRD), a unit of the US-based World Bank, recently approved a 29-year loan of USD 400 million to the Inclusive Access to Finance Project, an initiative sponsored by the Turkish government that is designed
MICROCAPITAL BRIEF: Local Governments in the Philippines Support Smart Communications’ Fintq in Rolling Out KasamaKA to Enable Sari-sari Stores to Act as Mobile-money Agents
KasamaKA, a program of the Philippines’ Fintqnologies (Fintq), recently won a vote of support from the National Executive Board of the League of Provinces in the Philippines (LPP), an association of municipal officials, for its work to help financial institutions deliver services such as
MICROCAPITAL BRIEF: Toffee Insurance of India Secures $1.5m in Equity for Digital Microinsurance from Kalaari Capital, Omidyar Network, Accion Venture Lab
Toffee Insurance, an online microinsurance firm based in India, recently received a total of USD 1.5 million in equity from Accion Venture Labs, a fund of US-based NGO Accion; Kalaari Capital, an Indian for-profit investment firm; and Omidyar Network, a US-based NGO. Toffee will use the
MICROCAPITAL BRIEF: IDB Buys $3m Equity Stake in Digital Lender, Payments Provider Moni of Argentina
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently invested USD 3 million in Moni Online, a financial technology (fintech) firm whose app allows users – who are primarily in Mexico and Argentina – to pay bills as well as apply for and receive loans with