The Microfinance CEO Working Group, which was launched by eight microfinance organizations with goals including the improvement of client outcomes, has hired Anne Hastings as the group’s manager [1].
Search Results for: finca
MICROCAPITAL BRIEF: Austria’s Absolute Portfolio Management Issues Credits Worth $4m to Microfinance Institutions in Azerbaijan, Cambodia, Georgia, Honduras, Indonesia
In July 2013, Absolute Portfolio Management (APM), an Austria-based asset management company that offers investment and advisory services to microfinance institutions, issued approximately USD 4 million in credit to microfinance institutions (MFIs) located in Azerbaijan, Cambodia, Georgia, Honduras and Indonesia through its two microfinance funds, Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Siddhartha Bank Limited (SBL) Purchase 440k Shares of Rural Microfinance Development Center (RMDC) of Nepal Via Initial Public Offering (IPO)
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently purchased 300,000 shares at NPR 180 (USD 1.87) per unit from an initial public offering (IPO) by the Rural Microfinance Development Center (RMDC), a Nepal-based wholesale microcredit lender.
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Dual Return Funds Invest $9.5m in Microfinance Institutions (MFIs) of Eight European, Asian, Latin American Countries
In June 2013, Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, issued loans totaling the equivalent of USD 9.5 million to microfinance institutions (MFIs) in Azerbaijan, Bosnia & Herzegovina, Cambodia, Colombia, Ecuador, Georgia, Kyrgyzstan and Poland though its two Vision Microfinance funds, Dual Return Fund- Vision Microfinance and Dual Return Fund- Vision Microfinance Local Currency Fund.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $10m to KazMicroFinance of Kazakhstan for Micro-, Small, Medium-Sized Enterprises in Rural Areas
The UK-based European Bank for Reconstruction and Development (EBRD) will loan the local-currency equivalent of USD 10 million to KazMicroFinance (KMF), a Kazakhstan non-banking financial institution, in an effort to increase access to credit for micro-, small and medium-sized enterprises in rural areas of the country [1].
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $6m to Mikrofin Banja Luka of Bosnia and Herzegovina, Inecobank of Armenia
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has recently disbursed a loan of EUR 4 million (USD 5.2 million) to Mikrofin Banja Luka of Bosnia and Herzegovina and AMD 375 million (USD 911,600) to Inecobank of Armenia [1].
MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $9m from Dual Return Funds to Microfinance Institutions (MFIs) in Armenia, Benin, Cambodia, Georgia, Mongolia, Paraguay, Peru and Tajikistan
Absolute Portfolio Management (APM), an Austria-based microfinance investment and asset management company, recently told MicroCapital that it issued the equivalent of USD 9 million during March 2013 through two of the funds it manages to microfinance institutions (MFIs) in Armenia, Benin, Cambodia, Georgia, Mongolia, Paraguay, Peru and Tajikistan.
MICROCAPITAL BRIEF: Indian Institute of Management at Ahmedabad (IIMA) Report Indicates Bandhan Clients Increased Wealth
The Indian Institute of Management, Ahmedabad (IIMA), a public business school located in the Indian state of Gujurat, recently released a report detailing the results of its impact study on Bandhan Financial Services Private Limited, an Indian microfinance institution.
MICROCAPITAL BRIEF: Pro Mujer Bolivia, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) Partner to Raise Awareness of Violence Against Women
Pro Mujer Bolivia, a branch of the US-based nonprofit Pro Mujer, recently secured unspecified support from Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), the German Agency for Technical Cooperation, to raise awareness of violence against women among Pro Mujer employees.
MICROCAPITAL BRIEF: Swiss Investment Company responsAbility Increases Debt Exposure to Bai Tushum & Partners of the Kyrgyz Republic to $11m
Switzerland’s responsAbility Social Investments has increased its debt exposure to Bai Tushum & Partners, a microfinance institution (MFI) in the Kyrgyz Republic, from USD 6 million to USD 11 million.
MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $8.5m From Dual Return Funds to Microfinance Institutions (MFIs) in Cambodia, Colombia, the Dominican Republic, Georgia, Indonesia, Russia
Absolute Portfolio Management (APM), an Austria-based microfinance investment and asset management company, has told MicroCapital that it issued the equivalent of USD 8.5 million in credit through funds it manages to microfinance institutions (MFIs) in Cambodia, Colombia, the Dominican Republic, Georgia, Indonesia and Russia during the month of February.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $3m to Arnur Credit to Support Micro- and Small Enterprises in Rural Kazakhstan
The European Bank for Reconstruction and Development (EBRD), a multilateral development finance institution headquartered in London, has agreed to provide a local-currency loan in an amount equivalent to USD 3 million to Arnur Credit, a microfinance institution (MFI) in Kazakhstan, for on-lending to micro- and small enterprises (MSEs) in rural areas of the country.
MICROCAPITAL BRIEF: Uzbekistan’s Hamkor Bank to Launch Islamic Microfinance
The nonprofit AlHuda Center for Islamic Banking and Economics (CIBE) has signed an agreement with Hamkor Bank, a provider of microfinance services in Uzbekistan, to provide advisory services on Islamic microfinance and human capital development.
MICROCAPITAL BRIEF: Austria’s Vision Microfinance Funds Loan $5m to MFIs in Colombia, Mexico, Paraguay
Austria-based asset management company Absolute Portfolio Management (APM) recently announced that it has disbursed the equivalent of USD 5 million to microfinance institutions (MFIs) in Latin America through its two Dual Return-Vision Microfinance funds in early 2013.
MICROCAPITAL BRIEF: Sanad Fund for MSME to Loan $20m to Lebanon’s Bank Audi for Small and Medium-sized Enterprises in Middle East, North Africa
The Sanad Fund for MSME (micro-, small and medium-sized enterprise), an initiative of the German development bank Kreditanstalt für Wiederaufbau Entwicklungsbank that provides debt and equity to financial institutions in the Middle East and North Africa (MENA), announced that it has agreed to loan USD 20 million to Bank Audi, a private bank headquartered in Beirut, Lebanon, to support small and medium-sized enterprises (SMEs) in MENA.
MICROCAPITAL BRIEF: AlHuda Center for Islamic Banking and Economics, VisionFund AzerCredit to Conduct Market Research in Advance of Possible Launch of Islamic Microfinance in Azerbaijan
The nonprofit AlHuda Center for Islamic Banking and Economics (CIBE) has signed an agreement with VisionFund AzerCredit, a non-bank financial institution in Azerbaijan and subsidiary of US-based NGO VisionFund International, to conduct market research in urban areas of Azerbaijan regarding the demand for Islamic microfinance.
MICROCAPITAL BRIEF: European Union to Give Jordan $32m for Microfinance Over 3 Years
The Ministry of Planning and International Cooperation of Jordan, a governmental institution that aims to affect sustainable development, reportedly has stated that the European Union (EU) will provide funding in the amount of EUR 25 million (USD 32.5 million) to support Jordan’s 2012-2014 executive plan to establish a nationwide microfinance program.
MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Releases Youth Policy
United States Agency for International Development (USAID), a US-based government agency that provides international economic and humanitarian assistance, recently released a policy focused on youth in developing nations that recognizes young people “as a driving force in global development.”