The European Bank for Reconstruction and Development, a UK-based multilateral financial institution, is researching the possibility of disbursing a senior, unsecured loan of no more than EUR 20 million (USD 27.3 million) to Tunisie Leasing, a leasing company with operations in Tunisia and Algeria, to support its on-lending to micro-, small and medium-sized enterprises (MSMEs) in Tunisia.
Category: Deals
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $63m to Belorusian-Russian Belgazprombank of Belarus, Banca Transilvania of Romania, Microfinance Institution AccessBank of Azerbaijan
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV) backed by multiple governments, recently disbursed loans intended to benefit micro-, small and medium-sized enterprises (MSMEs) in the following amounts: EUR 20 million (USD 27.4 million) to Belorusian-Russian Belgazprombank, a Belorusian bank; EUR 15 million (USD 20.5 million) to Banca Transilvania, a privately-owned Romanian bank; and USD 15 million to AccessBank, an Azerbaijani for-profit microfinance institution (MFI) and a member of Germany’s Access Microfinance Holding (AccessHolding) [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO) Buy 25% of Microfinance Institution Imon of Tajikistan for $6.5m
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that finances development projects, and Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently announced a joint investment of USD 6.5 million in Imon International, a microfinance institution in Tajikistan.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Disburses $157k of $315k in Loans to Association Inter Instituts Ensemble et Avec (ASIENA) in Burkina Faso
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based investor in microfinance institutions (MFIs) and other social businesses, recently notified MicroCapital that it has disbursed the first half of a three-year loan of EUR 229,000 (USD 315,000) to Association Inter Instituts Ensemble et Avec (ASIENA), an association of religious congregations that provides entrepreneurship support, mutual health insurance and other forms of microfinance services to its members [1].
MICROCAPITAL BRIEF: Orix of Japan Buys 6% Stake in Acleda Bank of Cambodia
Orix Corporation, a Japanese financial services conglomerate, reportedly has purchased a 6-percent stake in Acleda Bank Public Limited Company, a microfinance bank in Cambodia [1].
MICROCAPITAL BRIEF: FINCA Microfinance Holding Raises $48m from International Finance Corporation (IFC), Kreditanstalt fur Wiederaufbau (KfW), Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), responsAbility Global Microfinance Fund, Triodos
The Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International, has announced that it has raised USD 48 million in a second round of investments [1].
MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Issues $675m in Bonds to Fund Inclusive Finance, Renewable Energy, Agriculture, Other Projects
The Netherlands Development Finance Company (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, recently issued five-year “Sustainability Bonds” in the amount of EUR 500 million (USD 675 million) to finance environmentally friendly and socially responsible initiatives related to renewable energy, agriculture, food processing, forestry, transportation, access to water and microfinance [1].
MICROCAPITAL BRIEF: Microfinance Institution Sevis Finansye Fonkoze (Fonkoze Financial Services) of Haiti Raises $2m in Equity from Digicel
Sevis Finansye Fonkoze (SFF), a commercial microfinance institution (MFI) in Haiti that is known in English as Fonkoze Financial Services, has received an equity investment of USD 2 million from Digicel, a Bermuda-based cellular network provider [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $31m to Fullerton Credit to Support Small, Medium-Sized Enterprises (SMEs) in China
The International Finance Corporation (IFC), a member of the US-based World Bank Group, has announced an investment of CNY 186 million (USD 30.5 million) in Fullerton Credit (FC), a subsidiary of Singapore-based Fullerton Financial Holdings (FFH), to support financial access to small and medium-sized enterprises (SMEs) in western and central provinces of China [1].
MICROCAPITAL BRIEF: Wholesale Microfinance Lender Ananya Finance for Inclusive Growth (Ananya) of India Raises Equity Capital of $2.86m from Women’s World Banking, Industrial Development Bank of India
Ananya Finance for Inclusive Growth Private Limited (Ananya), a non-banking financial company (NBFC) in India, has raised INR 180 million (USD 2.86 million) in equity capital from the Isis Fund of Women’s World Banking (WWB), a US-based network of 39 microfinance institutions (MFIs), and Industrial Development Bank of India (IDBI), an Indian public-sector bank [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $3m Equity Investment in Bina Usaha Keluarga (BUK) of Indonesia, Seeking to Triple Female Clients of Microfinance Institution Mitra Bisnis Keluarga Ventura (MBK)
Bina Usaha Keluarga (BUK), the Indonesia-based controlling shareholder of Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution (MFI) in the same country, recently received an equity infusion of IDR 34.3 billion (USD 3 million) from the International Finance Corporation (IFC), a US-based international financial institution and a member of the US-based World Bank Group, to triple the number of female clients of MBK.
MICROCAPITAL BRIEF: Développement International Desjardins (DID) Invests in Microfinance Currency Hedging Company MFX Solutions
Développement International Desjardins (DID), a nonprofit organization based in Canada that provides technical support and investment for development finance in emerging economies, has invested an unspecified amount in US-based MFX Solutions, a company that provides currency hedging solutions for microfinance institutions (MFIs) and microfinance investment vehicles (MIVs) [1].
MICROCAPITAL BRIEF: Triple Jump Innovation Fund Attracts $22m to Promote Financial Access in Emerging Markets
Achmea, a Netherlands-based insurance provider; KCD Mikrofinanzfonds, a German microfinance fund managed by Bank Im Bistum Essen eG; and Netherlands-based nonprofit organizations Cordaid and Oxfam Novib have invested a total of USD 22 million in Triple Jump, a Netherlands-based microfinance fund manager, for its new Triple Jump Innovation Fund [1].
MICROCAPITAL BRIEF: Airtel, Tanzania Postal Bank (TPB) Partner to Offer Mobile Banking Services
Airtel Tanzania, a subsidiary of Indian telecommunications company Bharti Airtel, and Tanzania Postal Bank (TPB), a Tanzania-based bank that provides financial services to people in rural areas who do not have access to traditional banks, reportedly are partnering to offer free mobile financial services to their customers.
MICROCAPITAL BRIEF: Sekerbank Borrows $146m from European Fund for Southeast Europe (EFSE), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC) to Fund Agricultural, Women-owned Businesses in Turkey
Sekerbank, a Turkish private bank, has borrowed EUR 59.5 million (USD 82 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution; EUR 36.3 million (USD 50 million) from the International Finance Corporation, a member of the US-based World Bank Group; and EUR 10 million (USD 13.7 million) from the European Fund for Southeast Europe (EFSE), a Luxembourg-based, EU-backed microfinance investment vehicle [1] [2].
MICROCAPITAL BRIEF: Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM) of the Dominican Republic Lends $1.6m to 728 Micro-, Small, Medium-Sized Enterprises (MSMEs)
Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM), a microfinance institution (MFI) in the Dominican Republic, reportedly has provided loans totaling DOP 70 million (USD 1.65 million) to 728 micro-, small and medium-sized enterprises (MSMEs) in the country [1].
MICROCAPITAL BRIEF: Airtel, EcoBank Partner to Provide Mobile Money Services in Africa
Bharti Airtel (Airtel), an Indian telecommunications company, recently partnered with EcoBank, an African commercial bank, to expand mobile banking services in Africa.
MICROCAPITAL BRIEF: Aavishkaar Goodwell Invests $6m in Electronic Payment Services (EPS); 4,500 ATMs Planned for Rural India
Aavishkaar Goodwell, an Indian-Dutch joint venture that invests in development projects, reportedly has invested an additional INR 360 million (USD 6 million) in Electronic Payment Services (EPS), an India-based company that provides electronic payment systems to merchants in Asia.