Brazilian financial technology (fintech) firm Avante recently raised an undisclosed amount of funding from FiinLab, a unit of Mexico’s Gentera Group; Oikocredit, a Dutch cooperative; and Vox Capital, a Brazilian investor in education, health and financial services. The sizes of the stakes taken by each have not been disclosed. Of the three investors, only Vox
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MICROCAPITAL BRIEF: MicroFinanza Rating Issues Financial, Social, Microfinance Investment Vehicle (MIV) Ratings; Client Protection Certifications in Burkina Faso, France, Asia, Latin America
Italy-based MicroFinanza Rating (MFR) recently informed MicroCapital that during June it issued three Social Ratings, 11 Financial Ratings and two Client Protection Certifications to 13 microfinance institutions (MFIs).
MICROCAPITAL BRIEF: IDB Buys $3m Equity Stake in Digital Lender, Payments Provider Moni of Argentina
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently invested USD 3 million in Moni Online, a financial technology (fintech) firm whose app allows users – who are primarily in Mexico and Argentina – to pay bills as well as apply for and receive loans with
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 6 Institutional, Social Ratings to Microfinance Institutions (MFIs) in Africa, Latin America
Italy-based MicroFinanza Rating recently told MicroCapital that during May it issued two Social Ratings and four Microfinance Institutional Ratings (MIRs) to five microfinance institutions in Africa and Latin America. FMC Finance of Zimbabwe earned a Social Rating of
SPECIAL REPORT: As Application Period for 2018 European Microfinance Award Nears, e-MFP Releases 2017 European Microfinance Week Report
The 
European Microfinance Platform (e-MFP) recently released its report on European Microfinance Week 2017. The next iteration of European Microfinance Week will take place from November 14 through November 16, 2018, at the Abbaye de Neumunster in Luxembourg. This event includes the presentation of the annual European Microfinance Award, which includes a cash prize of EUR 100,000 (USD 123,000). The application period for the award will open
SPECIAL REPORT: e-MFP to Hold European Microfinance Week in Luxembourg November 14 – 16, 2018
MICROFINANCE PAPER ROUND-UP: Achieving SDGs by Supporting SMEs, Engaging Youth in Financial Services via Social Media, Effects of Financial Education on Credit Card Usage
“SMEs and SDGs: Supporting Small and Medium Enterprises to Achieve the Sustainable Development Goals,” by Maria Teresa Zappia and Lisa Sherk, published by BlueOrchard, November 2017, 28 pages, available at http://www.blueorchard.com/smes-sdgs-supporting-small-medium-enterprises-achieve-sustainable-development-goals-insights-blueorchard-survey/
In this report, the authors explore how improving the business climate for small and medium-sized enterprises (SMEs), may help achieve many of the UN’s Sustainable Development Goals (SDGs), 17 guiding principles intended to help combat poverty, protect the environment, and encourage economic and political stability.
Ms Zappia and Ms Sherk surveyed financial institutions that lend to SMEs in the Caucasus, Central and South America, East Asia and
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 27 Rating Updates, New Reports for Microfinance Institutions in the Philippines, Latin America
During October 2017, MicroFinanza Rating (MFR) issued a Microfinance Institutional Rating (MIR) of BB with a Stable outlook to Rangtay sa Pagrang-ay Microfinance of the Philippines. MFR also updated the MIRs of three affiliates of US-based Pro Mujer Incorporated: Pro Mujer Argentina’s was confirmed at BB+ with a Positive outlook; Pro Mujer Nicaragua’s was confirmed at BBB+ with a Stable outlook; and Pro Mujer Mexico’s was upgraded
MICROCAPITAL BRIEF: World Bank Group, Committee on Payments & Market Infrastructures (CPMI), UN’s International Telecommunication Union Launch “Financial Inclusion Global Initiative” to Study Digital Finance
The World Bank Group, the Switzerland-based Committee on Payments and Market Infrastructures (CPMI) and the UN’s International Telecommunication Union (ITU) recently introduced
MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Lend $31m to MFIs in Asia, Latin America
C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds lent a total approximately equivalent to USD 31 million to unidentified microfinance institutions (MFIs) in five Asian countries, Bangladesh, Cambodia, India, Kyrgyzstan and Pakistan, as well as three Latin American countries, Ecuador, Mexico and
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 13 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Albania, Morocco, Namibia, Asia, Latin America
During July and August, Italy’s MicroFinanza Rating (MFR) issued five microfinance institutional ratings. Morocco’s Attadamoune Micro-Finance was assigned the grade B+ with a stable outlook. Ecuador’s Fundación Espoir and Albania’s FED Invest both earned grades of BB with stable outlooks. Two institutions earned grades of
MICROCAPITAL BRIEF: MicroFinanza Issues 13 Institutional, Credit, TrueLift Ratings to Microfinance Institutions in Haiti, Latin America, Togo
During April 2017, Italy’s MicroFinanza Rating issued four microfinance institutional ratings. Two of these were to affiliates of French NGO Entrepreneurs du Monde: BB- with a stable outlook to Assilassimé Solidarité of Togo and CC “under observation” to Palmis Mikwofinans Sosyal of Haiti. The other two are
MICROCAPITAL BRIEF: Quona Capital Management Raises $141m for Accion Frontier Inclusion Fund from Chase, MaserCard, AXA, Prudential, MetLife
Quona Capital Management, which is based in the US city of Washington, recently announced that it has raised USD 141 million from multiple investors for the Accion Frontier Inclusion Fund (AFIF), a fund backed by the US-based nonprofit Accion and managed by Quona Capital. The participating funders are US-based corporates including JP Morgan Chase & Co., MasterCard, Prudential Financial
MICROCAPITAL BRIEF: Vision Microfinance Funds Loan $9m in Ecuador, Honduras
C-Quadrat Asset Management, a unit of Austrian fund manager C-Quadrat, today informed MicroCapital that its Dual Return Vision Microfinance and Vision Microfinance-Local Currency funds extended credit totaling approximately USD 9 million to
MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $63m to Various MFIs
Austria’s C-Quadrat Asset Management informed MicroCapital today that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 63.5 million during December to unspecified microfinance institutions (MFIs) in countries including Ghana, Indonesia, Kenya, Mongolia and Sri Lanka. The
MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Vision Microfinance Funds Loan $22m in Burkina Faso, China, Colombia, El Salvador, Paraguay, Sri Lanka
Austria’s C-Quadrat Asset Management informed MicroCapital today that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 22 million during November to unspecified microfinance institutions (MFIs) in
MICROFINANCE PAPER WRAP-UP: Guidance on the Application of the Core Principles for Effective Banking Supervision to Institutions Relevant to Financial Inclusion, published by the Basel Committee
“Guidance on the Application of the Core Principles for Effective Banking Supervision to the Regulation and Supervision of Institutions Relevant to Financial Inclusion”, published by the Basel Committee on Banking Supervision, December 2015, 55 pages, available at http://www.bis.org/bcbs/publ/d351.pdf
MICROCAPITAL BRIEF: Kreditech Raises $104m from Amadeus, International Finance Corporation (IFC), Peter Thiel, Previous Investors for Monedo Online Lending Platform
Kreditech, a German financial technology company, recently announced that it raised EUR 10 million (USD 11.2 million) as part of its Series C funding round from the International Finance Corporation (IFC), a member of the US-based World Bank Group, to invest mainly in its Monedo platform, which provides on-line banking products to consumers in both emerging and developed markets.