An unnamed microfinance vehicle managed by Developing World Markets (DWM), a US-based asset manager and investment bank, has made an equity investment of USD 2 million in Joint Stock Company Microfinance Organization Crystal (JSC MFO Crystal), a microfinance institution (MFI) in Georgia that aims to reduce poverty by providing financial services to low-income people [1].
Category: Deals
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Group’s Multilateral Investment Fund (MIF) to Loan $7m to Root Capital and Microfinance Institutions FIDERPAC of Costa Rica, ASDIR of Guatemala; Announces $7m Equity Investment in CoreCo Central America I Fund; Rolls Out Psychometric Risk Assessment Tool
The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, recently announced it will lend USD 4.9 million to US-based Root Capital, provides capital, financial education and market connections to small and growing businesses in Latin America and Africa [1].
MICROCAPITAL BRIEF: responsAbility Invests $5.5m in Microfinance Institutions TBC Kredit of Azerbaijan, Kazmicrofinance of Kazakhstan; Microfinance Investment Vehicle ACCION Investments in Microfinance
responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt and equity investments totaling the equivalent of USD 5.5 million in two microfinance institutions (MFIs), TBC Kredit of Azerbaijan and Kazmicrofinance Limited Liability Company (KMF) of Kazakhstan, and microfinance investment vehicle ACCION Investments in Microfinance, which was established by US-based nonprofit ACCION International [1].
MICROCAPITAL BRIEF: Global Partnerships Lends $1.2m to Microfinance Institutions Pro Mujer, Café y Desarrollo of Mexico, Fundación Campo of El Salvador
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it will make loans totaling the equivalent of USD 1.2 million in three microfinance institutions (MFIs): Pro Mujer, for its Mexican operations; Café y Desarrollo of Mexico; and Fundación Campo of El Salvador [1].
MICROCAPITAL BRIEF: Global Partnerships Lends $3.7m to Microfinance Institutions FINCA Ecuador, Credito con Educacion Rural (CRECER) of Bolivia, Crediflorida of Peru
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it will lend a total of USD 3.7 million to three microfinance institutions: USD 2 million to FINCA Ecuador, USD 1 million to Credito con Educacion Rural (CRECER) of Bolivia and USD 750,000 of Crediflorida of Peru [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan Equivalent of $2m in Local Currency to Frontiers Microlending to On-Lend to Microfinance Institutions in Kyrgyzstan, Tajikistan, Kazakhstan
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, announced recently that it has committed to loan the equivalent of USD 2 million in the local currency, somoni, to Frontiers Microlending Company (Frontiers), a Kyrgyzstan-based non-bank microfinance institution, to serve the “lower end of the microfinance market in Kyrgyzstan, Tajikistan and Kazakhstan” [1].
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Lends $3m to Araratbank of Armenia for Micro-, Small and Medium-Sized Enterprises, Microfinance
The European Bank for Reconstruction and Development (EBRD), a London-based development finance institution, announced recently that it will lend USD 3 million to Araratbank, an Armenian bank that provides services primarily to micro-, small and medium-sized enterprises (MSMEs), as part of a USD 12 million financial package [1].
MICROCAPITAL BRIEF: responsAbility Loans Local-Currency Equivalent of $4m to Microfinance Institutions Pearl Microfinance Limited of Uganda, Lift Above Poverty Organisation of Nigeria, Sinapi Aba Trust of Ghana
responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 4 million in microfinance institutions (MFIs) Pearl Microfinance of Uganda, Lift Above Poverty Organisation (LAPO) of Nigeria and Sinapi Aba Trust of Ghana [1].
MICROCAPITAL BRIEF: Standard Chartered Indonesia Loans $3m to Bank Andara to Finance Lending, Technology Services for Microfinance Institutions
Standard Chartered Indonesia, a branch of the London-based bank Standard Chartered PLC, has announced that it will loan IDR 30 billion (USD 3.3 million) to Bank Andara, an Indonesian wholesale lender to microfinance institutions (MFIs), to expand its services to MFIs in Indonesia [1].
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Lends $2.3m to Microfinance Institutions (MFIs) Coopronaranjo of Costa Rica, Fundación Amanecer of Colombia, COAC Esperanza y Progreso Del Valle of Ecuador
Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to three Latin American microfinance institutions (MFIs): USD 1.5 million to Coopronaranjo of Costa Rica, USD 500,000 to Cooperativa de Ahorro y Credito Esperanza y Progreso del Valle (COAC Progreso) of Ecuador and the local currency equivalent of USD 374,000 to Fundación Amanecer of Colombia.
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Advans Ghana, KixiCrédito of Angola, TYM Fund of Vietnam, Belarusian Bank for Small Business
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in four microfinance institutions (MFIs): Advans Ghana Savings and Loans Limited, KixiCrédito of Angola, TYM Fund of Vietnam and Belarusian Bank for Small Business (BBSB) [1].
MICROCAPITAL BRIEF: Indian Microfinance Institution Bhartiya Samruddhi Finance Limited (BSFL) Looks to Convert $40m in Loans to Preference Shares
Indian microfinance institution Bhartiya Samruddhi Finance Limited (BSFL) reportedly has requested permission from its creditors to convert loans amounting to INR 2 billion (USD 40.6 million) into preference shares to secure an immediate line of credit.
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Semilla Solidaria of Mexico; COMIXMUL of Honduras; CACMU of Ecuador; Sembrar Sartawi, IDEPRO of Bolivia
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in five Latin American microfinance institutions (MFIs): Semilla Solidaria (SemiSol) of Mexico, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Cooperativa de Ahorro y Crédito Mujeres Unidas (CACMU) of Ecuador and Institución Financiera de Desarollo (IFD) Sembrar Sartawi and Instituto para el Desarrollo de la Pequeña Unidad Productiva (IDEPRO) both of Bolivia [1].
MICROCAPITAL BRIEF: Incofin Lends $3.6m to Microfinance Institutions Finance for Development of Azerbaijan, Asian Credit Fund of Kazakhstan, Kompanion of Kyrgyzstan
Belgian company Incofin Investment Management (Incofin IM) has recently disbursed loans through microfinance investment funds it manages to three microfinance institutions (MFIs): USD 800,000 to Azerbaijani Finance for Development (FinDev), KZT 44 million (approximately USD 305,000) to Kazakh Asia Credit Fund (ACF) and USD 2.5 million to Kyrgyz Kompanion.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $8m to Mikrofin Banja Luka of Bosnia and Herzegovina, ProCredit Bank Macedonia to Support Micro-, Small and Medium-Sized Enterprises
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently reported to MicroCapital that it has made debt investments totaling EUR 6.5 million (USD 8.7 million) in two banks to support micro-, small and medium-sized enterprises (MSMEs): Mikrofin Banja Luka (Mikrofin) of Bosnia and Herzegovina and ProCredit Bank Macedonia [1].
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions DemirBank of Azerbaijan; First Microfinance Bank, Arvand of Tajikistan; Arnur Credit of Kazakhstan; Kompanion of Kyrgyzstan
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in the following five microfinance institutions (MFIs): DemirBank of Azerbaijan; First Microfinance Bank – Tajikistan (FMFB-TJK) and Arvand, both of Tajikistan; Arnur Credit of Kazakhstan; and Kompanion Financial Group Microfinance Closed Joint Stock Company (Kompanion) of Kyrgyzstan [1].
MICROCAPITAL BRIEF: Global Partnerships Lends $2.5m to Colombian Microfinance Institutions Fundación Amanecer, Corporación Nariño Empresa y Futuro
Nonprofit social investor Global Partnerships (GP), which has offices in USA and Nicaragua, has made its first two loans in Colombia to the following microfinance institutions: USD 1 million to Fundación Amanecer and USD 1.5 million to Corporación Nariño Empresa y Futuro (Contactar).
MICROCAPITAL BRIEF: Deutsche Investitions-und Entwicklungsgesellschaft (DEG), Oesterreichische Entwicklungsbank (OeEB) to Invest $10m in Inecobank to Develop Small and Medium Enterprises in Armenia
Armenian microfinance bank Inecobank is set to receive a loan of USD 10 million through a joint agreement with German development finance institution Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG) and Austrian development bank Oesterreichische Entwicklungsbank AG (OeEB) in an effort to promote the development of small and medium-sized enterprises (SME) in Armenia.