The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently agreed to provide technical assistance to High Mark, an Indian credit bureau, in an effort to encourage microfinance lenders in India to use credit bureaus in assessing the repayment capacity of borrowers.
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $18m in Equitas Microfinance India, Private Equity Funds Looking to Invest in Indian Microfinance Institutions
The International Finance Corporation, a member of the World Bank Group, reportedly has proposed investing INR 1 billion (USD 18.9 million) in Equitas Microfinance India, an Indian microfinance institution (MFI).
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Housing Microfinance in Peru with $45m Investment in BBVA Continental
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, and BBVA Continental, a commercial bank in Lima, Peru, recently entered into a USD 75 million loan agreement to boost renewable energy and mortgage financing in the country.
MICROCAPITAL BRIEF: IFC Invests $10m in CoreCo Central America Fund to Support SMEs
CoreCo Central America Fund I, a private equity fund based in Guatemala that invests in small and medium-sized enterprises (SMEs) in Central America, recently received an equity investment of USD 10 million from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group.
MICROCAPITAL BRIEF: India’s Ujjivan Raises $9m in Equity from International Finance Corporation (IFC), Netherlands Development Finance Company (FMO)
Ujjivan Financial Services, a microfinance institution (MFI) based in India, recently raised INR 450 million (USD 8.55 million) in equity capital from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the government-owned Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India, are developing a database of collateral used to secure loans.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Data Bureau Limited Launch Tongan Credit Bureau
The International Finance Corporation (IFC), a member of the World Bank Group that supports private-sector development, and Data Bureau Limited, a Fijian-owned credit information company, recently set up a credit bureau in Tonga.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $7m Loan to Enda Inter-Arabe Microfinance Institution of Tunisia
The International Finance Corporation (IFC), a member of the World Bank Group that aims to support private-sector development, recently made a local currency loan equivalent to USD 7 million to the microfinance institution (MFI) Enda Inter-Arabe of Tunisia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $37m to International Bank for Trade and Industry for SMEs in Cote d’Ivoire
The International Finance Corporation (IFC), a member of the World Bank Group that was created to support private-sector development, reportedly has loaned EUR 30.5 million (USD 37.4 million) to the International Bank for Trade and Industry of Cote d’Ivoire (BICICI), a subsidiary of French bank BNP Paribas.
MICROCAPITAL BRIEF: Mongolia: International Finance Corporation (IFC) Capitalization Fund Invests $40m in Microfinance Institution XacBank
The International Finance Corporation (IFC) Capitalization Fund, a fund managed by the private-investment arm of the World Bank Group, recently announced it will invest a total of USD 40 million in XacBank, a Mongolian community development microfinance institution (MFI) [1].
MICROCAPITAL BRIEF: IFC, EFSE Loan $49m total to Fibabanka AS of Turkey for Women-Owned Businesses
The International Finance Corporation (IFC), a member of the World Bank Group, and European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg, have agreed to disburse loans totaling the equivalence USD 48.9 million to Fibabanka AS, a Turkish investment bank.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $50m to Jiangsu Financial Leasing of China for On-lending to Small and Medium-Sized Enterprises (SMEs) in Education, Healthcare
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to provide a loan of USD 50 million to Jiangsu Financial Leasing, which was founded in 1985 and is controlled by the Chinese government.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Open Credit Line Totaling $100m to 400 Small and Medium-Sized Suppliers to Comercial Shops Mexicana (TCM)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has opened credit lines totaling USD 100 million to 400 small and medium-sized enterprises (SMEs) that sell products to Mexican supermarket chain Comercial Shops Mexicana (TCM).
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $1.6m in Chinese-Mongolian Microcredit Company Urumqi Tianrong
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is making a CNY 10 million (USD 1.6 million) equity investment in Urumqi Tianrong Microcredit Company, a joint venture of Mongolia-based TenGer Financial Group (TFG), IFC and three unidentified investors from China and Mongolia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), BPI Globe BanKO to Develop Sustainable Energy Project for Microfinance Institutions in the Philippines
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with mobile-oriented Philippine bank BPI Globe BanKO “to develop microfinance that would help smaller businesses afford clean energy and energy-saving systems.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Swiss Government Sponsor Workshops for Small and Medium-sized Enterprises in Egypt
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is sponsoring a series of workshops for small and medium-sized enterprises (SMEs) in Egypt “on how to implement sound corporate governance standards to improve their performance, increase access to finance and foster sustained growth.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), West African Monetary Union (UEMOA) to Establish Credit Bureau to Support Small-scale Businesses
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with the eight countries of the West African Monetary Union (UEMOA in French) to increase access to finance for the region’s small-scale businesses.
MICROCAPITAL BRIEF: South Korea Donates $1m to International Finance Corporation (IFC) to Support Small and Medium-sized Enterprises
The Korean Ministry of Strategy and Finance (MOSF) has signed an agreement with the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, to provide USD 1 million to support programs for small and medium-sized enterprises (SMEs) in emerging markets.