Citibank Indonesia, a branch of US-based financial services conglomerate Citigroup; the Overseas Private Investment Corporation (OPIC), a US–based development finance institution; and Bank Andara, an Indonesian company that provides wholesale services to microfinance institutions (MFIs) and savings services to individuals, have announced the disbursement of a USD 18.5 million term loan to finance the growth of Bank Andara’s wholesale microfinance lending.
Search Results for: triodos
MICROFINANCE EVENT: Women’s World Banking to Host 10th Annual Capital Markets Conference, New York City, October 23-24, 2012
Event Name: 10th Annual WWB Capital Markets Conference 2012
Event Date: October 23-24, 2012
MICROCAPITAL BRIEF: National Bank of Belarus Develops Financial Literacy Program
Deputy Chairman of the Board of the National Bank of Belarus Sergei Dubkov recently announced the design of a government program to enhance financial literacy for individuals and small businesses.
MICROCAPITAL BRIEF: Hypo Alpe Adria Group, ResponsAbility Social Investments AG Approve Loans Totaling $7m to Microcredit Foundation Prizma of Bosnia and Herzegovina
Hypo Alpe Adria Group, a state-owned Austrian financial group, and ResponsAbility Social Investments, a Swiss investment organization founded in 2003, approved loans of BAM 5 million (USD 3.2 million) and EUR 3 million (USD 3.7 million), respectively, to Microcredit Foundation Prizma, a microcredit organization operating in rural Bosnia and Herzegovina. The funds will be used to expand Prizma’s operations.
MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Celebrates 2nd Anniversary, Reports Positive Financials for 2011
The Regional Micro-, Small and Medium Sized Enterprise Investment Fund for Sub-Saharan Africa (REGMIFA) SA, a Luxembourg-based investment fund that focuses on supporting micro-, small and medium-sized enterprises (MSMEs) in the region, recently celebrated its second anniversary by presenting a summary of 2011 achievements along with an overview of its goals for 2012.
MICROCAPITAL BRIEF: Part of Angola’s $850m Fund to Improve Access to Microcredit
The government of Angola reportedly has announced it plans to spend an amount approximately equivalent to USD 850 million during 2012 to facilitate access to credit for enterprises – including microenterprises – in the country.
MICROCAPITAL BRIEF: European Union Funds International Finance Corporation (IFC) to Support Microfinance Institution Arvand’s Agricultural Loans in Tajikistan
The International Finance Corporation (IFC), a member of the World Bank Group that supports private-sector development, has announced plans to assist Arvand, a deposit-taking microfinance organization based in Tajikistan, in developing its agricultural loan portfolio in the Sughd province.
MICROCAPITAL BRIEF: Rural Impulse Fund II, MicroVest II, ASN-Novib Fund Purchase 45% Stake In Arnur Credit Microfinance Institution of Kazakhstan
Rural Impulse Fund II, a Belgian microfinance investment vehicle managed by Incofin Investment Management; MicroVest II, a US-based equity fund managed by MicroVest Capital Management, and ASN-Novib fund, a Dutch microfinance investment vehicle managed by Triple Jump, have taken stakes totaling 45 – percent ownership in Arnur Credit, a microfinance institution (MFI) based in Kazakhstan.
MICROCAPITAL BRIEF: Capgemini Group, MicroWorld Launch Digital Microfinance Platform
French information technology company Capgemini Group and MicroWorld, an internet-based microfinance intermediary and member of the French PlaNet Finance Group, have launched a digital microfinance platform that “allows individuals and companies to lend small sums of money to finance micro-entrepreneurs who are unable to access traditional banking services.”
MICROCAPITAL BRIEF: European Sustainable Investment Forum’s (EUROSIF’s) European SRI Transparency Code Attracts 350 Signatories
The European SRI Transparency Code, a document outlining guidelines for maintaining the transparency of socially responsible investing (SRI), has attracted approximately 350 signatories.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $4m in Local Currency to First MicroFinance Bank of Tajikistan to Support Small Businesses
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed to loan the equivalent of USD 4 million in the local currency, somoni, to First MicroFinance Bank (FMFB-TJK), a microfinance bank in Tajikistan that is affiliated with the Switzerland-based Aga Khan Development Network (AKDN) [1].
MICROCAPITAL BRIEF: Ugafode Receives Microfinance Deposit-Taking Institution License from Bank of Uganda
Ugafode Microfinance, a Ugandan microfinance institution (MFI), reportedly has received a license from the Bank of Uganda to act as a Microfinance Deposit-Taking Institution (MDI).
MICROFINANCE PAPER WRAP-UP: “Too Much Microcredit? A Survey of the Evidence on Over-Indebtedness;” by Jessica Schicks, Richard Rosenberg; Published by CGAP (Consultative Group to Assist the Poor)
By Jessica Schicks and Richard Rosenberg, published by CGAP (Consultative Group to Assist the Poor), September 2011, 44 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.55377/
MICROCAPITAL BRIEF: Center for Financial Inclusion Releases “Over-Indebtedness of Microborrowers in Ghana” by Jessica Schicks
The Center for Financial Inclusion (CFI), an affiliate of US-based nonprofit ACCION International, recently released a report on “Over-Indebtedness of Microborrowers in Ghana,” which explores the gap between providers’ and clients’ perceptions of indebtedness [1].
MICROCAPITAL BRIEF: EU Pledges Additional €5m to EBRD’s Small Business Programmes in Eastern Europe
The European Union (EU) has committed an additional EUR 5 million (USD 6.9 million) to the UK-based European Bank for Reconstruction and Development (EBRD) for its “TurnAround Management” (TAM) and “Business Advisory Service” (BAS) programs in the Eastern Partnership region [1].
MICROFINANCE PAPER WRAP-UP: Microfinance and the Role of Policies and Procedures in Saturated Markets and During Periods of Fast Growth, by Adrian Gonzalez and Emmanuelle Javoy, published by, Microfinance Information Exchange, Planet Rating
Published by the Microfinance Information Exchange & Planet Rating, MicroBanking Bulletin, September 2011, 10 pages, available at: http://www.themix.org/sites/default/files/MBB-%20microfinance%20and%20the%20role%20of%20policies%20and%20procedures%20in%20saturated%20markets_1.pdf
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: LuxFLAG Grants Microfinance Label to Microfinance Enhancement Facility, Selectum, Etimos Fund, Dual Return Fund Vision Microfinance Local Currency; Renews Label for Six Other Microfinance Investment Vehicles (MIVs)
The Luxembourg Fund Labeling Agency (LuxFLAG), a microfinance institution vehicle (MIV) certification organization, has recently granted the LuxFLAG Microfinance Label, which reassures investors that MIVs actually invest in the sector, to four MIVs for the first time: Microfinance Enhancement Facility SA SICAV-SIF, Selectum SICAV-SIF, Etimos Fund SICAV-SIF and Dual Return Fund SICAV-SIF Vision Microfinance Local Currency.