Microcredit Foundation Prizma, a microfinance institution located in Bosnia and Herzegovina, has reported to MicroCapital that it received a loan of BAM 1 million (USD 680,000) from Bosnian commercial bank Privredna Banka Sarajevo dd.
Category: Deals
MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU) to Expand Financial Services in Colombia with $2.5m Program
The World Council of Credit Unions (WOCCU), a US-based membership organization representing 41 country-level credit union trade groups, will expand financial services in remote areas of Colombia with a USD 2.5 million program that will employ mobile technology in an effort to bring financial services to 100,000 previously unbanked people in rural and low-income communities throughout the country.
MICROCAPITAL BRIEF: responsAbility Lends $6.2m to Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Lift Above Poverty Organisation (LAPO) of Nigeria
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria.
MICROCAPITAL BRIEF: MasterCard Worldwide Grants $540k to Grameen Foundation to Launch Mobile Agricultural Data Service in Colombia
MasterCard Worldwide, a Canadian global payments and technology company, recently disbursed USD 540,000 grant to the US-based nonprofit Grameen Foundation to launch mobile services that will provide agricultural and financial information to farmers in the cities of Urabá and Santa Marta, Colombia.
MICROCAPITAL BRIEF: European Fund for Southeast Europe Lends $13m to Intesa Sanpaolo Banka of Bosnia and Herzegovina
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, has reported to MicroCapital that it has made a loan equivalent to USD 13.4 million to Intesa Sanpaolo Banka, a commercial bank in Bosnia and Herzegovina.
MICROCAPITAL BRIEF: Working Capital for Community Needs (WCCN) Loans $1.2m to Microfinance Operations of Pro Mujer in Nicaragua, Peru
Working Capital for Community Needs Incorporated (WCCN), a US-based nonprofit, has loaned the equivalent of USD 1.2 million in local currency to support the operations of microfinance institution (MFI) Pro Mujer in Nicaragua and Peru.
MICROCAPITAL BRIEF: BlueOrchard Private Equity Fund Acquires 20% Stake in Microfinance Holding Company CHF Development Finance International, Focus to be on Middle East
The BlueOrchard Private Equity Fund (BOPE Fund), a microfinance investment vehicle managed by Switzerland’s BlueOrchard, recently acquired a 20 percent stake in US-based CHF Development Finance International, a holding company established by development organization CHF International to own and manage CHF’s commercially-oriented microfinance subsidiaries.
MICROCAPITAL BRIEF: Incofin Invests $3m in Equity in Arman Financial Services Limited of India
Arman Financial Services Limited (Arman), a non-bank finance company based in India, has announced that its board has approved a proposed equity investment from Belgian company Incofin Investment Management (Incofin).
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $34m to Banca Intesa Beograd of Serbia for Micro-and Small Enterprises
The Luxembourg-registered European Fund for Southeast Europe (EFSE) recently reported to MicroCapital that it has signed an agreement to loan EUR 25 million (USD 34 million) to Banca Intesa Beograd, a Serbian commercial bank, to boost the availability of financing to micro– and small enterprises (MSEs), including rural entrepreneurs and small agriculture producers in Serbia.
MICROCAPITAL BRIEF: Microcredit Foundation Prizma of Bosnia and Herzegovina Borrows $2.7 m in Local Currency from Nova Banka, BOR Bank
Microcredit Foundation Prizma, a microfinance institution located in Bosnia and Herzegovina, has reported to MicroCapital that it received loans equivalent to USD 2.7 million in local currency from Nova Banka, a private Bosnian bank, and BOR Bank, also of Bosnia.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Issues $330k Loan Guarantee for Microfinance Institution TIAVO of Madagascar
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it provided Tahiry Ifamonjena Amin’ny Vola (TIAVO), a microfinance institution (MFI) based in Madagascar, with a 50-percent guarantee on a loan from BNI Madagascar, a subsidiary of French retail bank Credit Agricole.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it made loans to four microfinance institutions (MFIs): Hekima of the Democratic Republic of the Congo, Finance for Development LLC (FinDev) of Azerbaijan, and Chamroeun and Thaneakea Phum (Cambodia) Limited (TPC) of Cambodia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Mobilizes $40m to Support Peruvian Microfinance Institution Mibanco
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has recently arranged a syndicated debt deal that will mobilize USD 40 million in long-term financing from IFC and other unnamed participants to support Peruvian microfinance financial institution Banco de la Microempresa SA (Mibanco) in increasing access to financial services for micro-, small and medium-sized enterprises (MSMEs) and low-income households in Peru.
MICROCAPITAL BRIEF: European Fund for Southeast Europe Lends $20m to ProCredit Bank Georgia for Microfinance, SMEs
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, has reported to MicroCapital that it has made a loan amounting to EUR 15 million (USD 20.7 million) to ProCredit Bank Georgia (PCBG).
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO).
MICROCAPITAL BRIEF: responsAbility Lends $4.3m to Microfinance Institutions (MFIs) Banco Solidario of Ecuador, Interactuar of Colombia
Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to Latin American microfinance institutions (MFIs) Banco Solidario of Ecuador and Interactuar of Colombia.
MICROCAPITAL BRIEF: India’s SKS Microfinance to Raise $184m via Share Sale
The board of Indian microfinance institution (MFI) SKS Microfinance reportedly has approved plans to raise INR 900 crore (approximately USD 184 million) through a qualified institutional placement (QIP), whereby newly-issued shares will be sold to institutional investors [1].
MICROCAPITAL BRIEF: European Investment Fund Lends $1.3m to Microfinance Institution Societatea de Microfinantare Rurala FAER to Support Microenterprises in Romania
The European Investment Fund (EIF), a public-private partnership that supports financial institutions in Europe that serve small and medium-sized enterprises (SMEs), has agreed to provide a senior loan of RON 4.2 million (approximately USD 1.3 million) to Romanian microfinance institution (MFI) Societatea de Microfinantare Rurala FAER Institutie Financiara Nebancara SA (FAER IFN) through the European Progress Microfinance Facility (Progress Microfinance).