Sonata Finance Private Limited, an Indian microfinance institution (MFI) that serves India’s northern states, recently announced that it has closed a Series D equity raise of INR 350 million (USD 6.71 million).
Category: Deals
MICROCAPITAL BRIEF: Asian Development Bank Invests $40m in Vietnam’s Microfinance Sector
The Asian Development Bank (ADB), a development finance institution based in the Philippines, recently lent USD 40 million to the government of Vietnam in an effort to improve the country’s microfinance sector.
MICROCAPITAL BRIEF: India’s Ujjivan Raises $9m in Equity from International Finance Corporation (IFC), Netherlands Development Finance Company (FMO)
Ujjivan Financial Services, a microfinance institution (MFI) based in India, recently raised INR 450 million (USD 8.55 million) in equity capital from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group.
MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $8m to Microfinance Institutions in Azerbaijan, Cambodia, Ecuador, Indonesia, Kazakhstan, Tajikistan
Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance, recently disbursed loans to unspecified microfinance institutions (MFIs) in Asia, Eastern Europe and South America.
MICROCAPITAL BRIEF: Multilateral Investment Fund, Global Partnerships to Establish $1m Health Project in Ecuador, Haiti, Honduras, Nicaragua
The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) Group, has agreed to partner with Global Partnerships, a US-based nonprofit, to support microfinance institutions (MFIs) and cooperatives in offering health services and health education to low-income households in Ecuador, Haiti, Honduras and Nicaragua.
MICROCAPITAL BRIEF: Inter-American Development Bank Issues Partial Credit Guarantee of $2.4m to Microfin of Uruguay
The Inter-American Development Bank (IDB), a US-based finance institution that provides funding to support small and medium-sized enterprises (SMEs) and other sectors, recently issued a partial credit guarantee of UYU 51.4 million (USD 2.41 million) to Microfin, a microfinance institution (MFI) that provides support to SMEs in Uruguay.
MICROCAPITAL BRIEF: Developpement international Desjardins, Desjardins Fund for Inclusive Finance Loan $1.5m to Fundacion para el Desarollo Integral Espoir of Ecuador
Fundacion para el Desarollo Integral Espoir, a nongovernmental organization (NGO) offering economic and social development services to poor female entrepreneurs in Ecuador, recently borrowed USD 1.5 million jointly from Developpement international Desjardins (DID) and Desjardins Fund for Inclusive Finance, two members of Desjardins Group, a cooperative financial institution based in Canada.
MICROCAPITAL BRIEF: Credins Leasing of Albania Borrows €1.5m ($1.97m) from European Bank of Reconstruction and Development
Credins Leasing, a holding of Credins Bank of Albania that provides funding to individuals for vehicles and equipment, recently borrowed EUR 1.5 million (USD 1.97 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution that provides funding to support micro- and small businesses in Eastern Europe, Central Asia and the Southern and Eastern Mediterranean region.
MICROCAPITAL BRIEF: ResponsAbility Invests $5m in Chase Bank Kenya, $1.25m in KWFT of Kenya, $1.2m in FINCA Microfinance Holding of USA
ResponsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments of Switzerland, recently loaned USD 5 million to Chase Bank of Kenya.
MICROCAPITAL BRIEF: Incofin Funds Take Stakes in EDPYME Solidaridad of Peru, FIDES Bank of Namibia, ACEP-Burkina of Burkina Faso
The Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) managed by Incofin Investment Management (IM) of Belgium, has acquired an 8.2-percent equity stake in Peru’s Empresa de Desarrollo de la Pequeña y Micro Empresa (EDPYME) Solidaridad, a non-bank financial institution that is held by the nonprofit organization Caritas del Peru.
MICROCAPITAL BRIEF: ResponsAbility Loans $5.3m to ProCredit Mexico, COAC Riobamba of Ecuador
ResponsAbility Social Investments, a Swiss investment company, has informed MicroCapital that it recently disbursed the local-currency equivalent of approximately USD 3.7 million in Latin America.
MICROCAPITAL BRIEF: Bellwether Microfinance Fund, Michael & Susan Dell Foundation Sell Shares in Ujjivan of India to Lok Capital of Mauritius, Undisclosed Social Investor
Ujjivan, a microfinance institution (MFI) based in Bangalore, India, is currently experiencing a churn of investors.
MICROCAPITAL BRIEF: ResponsAbility Invests $100k in Bank Eskhata of Tajikistan, $1.5m in Mitra Bisnis Keluarga (MBK) Ventura of Indonesia
ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 100,000 in debt to Bank Eskhata of Tajikistan.
MICROCAPITAL BRIEF: BlueOrchard Finance Appointed Fund Manager of Microfinance Initiative for Asia (MIFA) Debt Fund
BlueOrchard Finance SA, a Switzerland-based microfinance intermediary, recently was appointed Fund Manager for the Microfinance Initiative for Asia (MIFA) Debt Fund.
MICROCAPITAL BRIEF: Incofin Rural Impulse Fund II Completes Equity Investment in Microfinance Institution Azercredit of Azerbaijan, Volksvermogen Raises Stake to 10% in ProEmpresa of Peru
The Incofin Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) that mobilizes capital for rural microfinance institutions (MFIs), recently completed an equity investment of an undisclosed amount in Azercredit, an Azerbaijani MFI.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Loans $1.2m to Viator of Azerbaijan, KOMIDA of Indonesia
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a foundation providing financial services to microfinance institutions (MFIs), has agreed to provide two loans to MFIs Viator of Azerbaijan and Koperasi Mitra Dhuafa (KOMIDA) of Indonesia.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $2.2m in Microfinance Institutions CAURIE of Senegal, Thaneakea Phum Cambodia (TPC) of Cambodia
Grameen Credit Agricole Microfinance Foundation (GCAMF), an organization that provides financial services to microfinance institutions (MFIs) and social business projects, has agreed to disburse a XOF 700 million (USD 1.3 million) to Senegal MFI Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance (CAURIE).
MICROCAPITAL BRIEF: Inter-American Development Bank Loans $10m to Central Bank of Ecuador To Support Financial Inclusion
The Inter-American Development Bank (IDB), a US-based multilateral financial institution, has offered the Central Bank of Ecuador a USD 10 million loan.