The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following loans: (1) The equivalent of approximately USD 676,000 in local currency over three years to Première Agence de Microfinance au Burkina Faso (PAMF – BF), a microfinance institution (MFI) in Burkina Faso; and (2) the equivalent of approximately USD 845,000 in local currency over three years to Première Agence de Microfinance Côte d’Ivoire (PAMF – CI), an MFI in Ivory Coast [1].
Search Results for: indonesia
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Invests $2.4m in Cambodian Microfinance Institutions Chamroeun, Thaneakea Phum Cambodia (TPC)
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently issued the following two loans to Cambodian MFIs:
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $424k to Sri Lanka’s Janamithu Lanka Limited, $841k to Tajikistan’s Humo and Partners
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) The equivalent of EUR 462,000 (approximately USD 424,000) in local currency over three years to Janamithu Lanka Limited (JLL), a microfinance institution (MFI) in Sri Lanka that offers loans to poor people for education and asset building; and (2) EUR 850,000 (approximately USD 841,000) over one year to Humo and Partners, a Tajikistan-based MFI founded by the local affiliate of Switzerland-based nongovernmental organization CARE International. The MFI lends mainly to farmers and other rural entrepreneurs [1].
MICROCAPITAL BRIEF: Silatech Develops Crowdfunding Website Narwi for Shariah-Compliant Microfinance in Middle East, North Africa
Silatech, a Qatar-based social enterprise aiming to increase employment and entrepreneurship among youth in the Middle East and North Africa, recently announced the development of Narwi, a nonprofit crowdfunding platform that will support microentrepreneurs via Islamic charitable giving. The platform is scheduled to be launched in late June 2015.
MICROCAPITAL BRIEF: Pacific Financial Inclusion Programme (PFIP), Bima Partner to Offer Microinsurance in Rural Papua New Guinea
The Pacific Financial Inclusion Programme (PFIP), a Fiji-based United Nations initiative that attempts to extend financial services to unbanked Pacific Islanders, and Bima, a Sweden-based microinsurance provider that partners with mobile operators, recently launched an effort with the support of the European Union, the Australian government and the Bank of Papua New Guinea to provide two microinsurance products in Papua New Guinea (PNG) [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Global Agriculture and Food Security Program, Sumitomo Mitsui Banking, Managed Co-Lending Portfolio Program to Loan $110m to Cambodia’s Acleda for Agricultural Lending
The International Finance Corporation (IFC), a member of the World Bank Group; the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies; Sumitomo Mitsui Banking Corporation (SMBC), a Tokyo-based subsidiary of Sumitomo Mitsui Financial Group; and the IFC Managed Co-Lending Portfolio Program, a platform that allows institutional investors to participate in IFC’s senior-loan portfolio, recently announced that they will be loaning a total of 110 million to Acleda Bank (Acleda), a Cambodian commercial bank.
MICROFINANCE EVENT: 9th Annual Penn Microfinance Conference, “Adapt and React,” March 28, 2015, Philadelphia, Pennsylvania, USA
Event Name: 9th Annual Penn Microfinance Conference
Event Date: March 28, 2015
Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA
Summary of Event: This conference will focus on how the microfinance industry has adapted its product offerings and lending methods in the wake of increased government regulation and concern about over-indebtedness. The event will feature a keynote address by Dennis Ripley, the chief business development officer for Opportunity International, a US-based nonprofit providing microfinance services in 22 countries.
MICROCAPITAL BRIEF: Fern Software Implements Abacus MIS System for Microfinance Institutions (MFIs) in Jordan, Tunisia; Premiering Arabic, French Editions of Software
UK-based Fern Software recently informed MicroCapital that it has implemented its Abacus financial management information system (MIS) in two additional languages: in Arabic for a microfinance institution (MFI) in Jordan and in French for an MFI in Tunisia.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $936k to Jordan’s Microfund for Women, $1.7m to Georgia’s JSC MFO Crystal
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) EUR 825,000 (USD 936,000) to Microfund for Women, a microfinance institution (MFI) in Jordan that was founded in 1994 as a program of UK-based NGO Save the Children; and (2) EUR 1.5 million (USD 1.6 million) to Joint Stock Company Microfinance Organization Crystal (JSC MFO Crystal), an MFI that was established in Tbilisi, Georgia, in 1998 as the Crystal Fund.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $1.6m to Hattha Kaksekar Limited of Cambodia, $1.2m to Sri Lanka’s VisionFund Lanka
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) EUR 1.5 million (USD 1.6 million) to Hattha Kaksekar Limited (HKL), an MFI based in Cambodia that was founded in 1994 by Organisation Canadienne pour la Solidarite et le Developpement (OCSD) and Oxfam International; and (2) EUR 1.1 million (USD 1.2 million) to VisionFund Lanka, a unit of US-based VisionFund, which offers financial services to families living in poverty in the developing world through a network of MFIs in 36 countries.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Sells Dai-ichi Life Insurance Company of Japan $100m in “Inclusive Business Bonds”
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has sold five-year “inclusive business bonds” valued at MXN 1.5 billion (USD 100 million) to Japan’s Dai-ichi Life Insurance Company (Dai-ichi Life), a firm that offers life, property and casualty insurance as well as investment trust and related services.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Invests $788k in Oxus DR Congo, $321k in Uganda’s Encot
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans:
MICROCAPITAL BRIEF: Project Concern International (PCI) to Target 250,000 Additional Women Through Women Empowered (WE) Initiative
Project Concern International (PCI), a US-based non-governmental organization (NGO), recently announced that it plans to scale up the operations of its Women Empowered (WE) initiative by providing approximately 250,000 women, in addition to the 230,000 women it currently serves, with tools and training for their businesses.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation (GCAMF) to Loan $1.1m to FINCA Malawi, $580k to Réseau de Micro-institutions de Croissance de Revenus of Mali
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based foundation providing financial services to microfinance institutions (MFIs) and other social businesses, recently informed to MicroCapital that it disbursed a three-year loan in local currency equivalent in value to EUR 882,000 (USD 1.1 million) to Foundation for International Community Assistance (FINCA) Malawi, a microfinance institution (MFI) member of the US-based, nonprofit FINCA International microfinance network.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Invests $1.68m in Palestine’s Faten, in Azerbaijan’s Viator, in Bangladesh’s Grameen Danone
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has granted loans of EUR 739,000 (USD 937,000) to Faten, a microfinance institution based in the West Bank in Palestine; EUR 702,000 (USD 890,000) to Viator, an Azerbaijani microfinance organization; and a loan, which can be converted into equity, of EUR 240,000 (USD 304,000) to Grameen Danone Foods Limited, a social business in Bangladesh that sells food products containing nutrients that are generally lacking from the regional diet.
MICROFINANCE PAPER WRAP-UP: “The Road to Inclusion: A Look at the Financially Excluded and Underserved;” Published by MasterCard
“The Road to Inclusion: A Look at the Financially Excluded and Underserved;” Published by MasterCard; May 2014; 18 pages; available at http://newsroom.mastercard.com/asia-pacific/documents/the-road-to-inclusion-a-look-at-the-financially-excluded-and-underserved
This report, published by US-based financial services corporation MasterCard, seeks to shed light on how people manage with limited financial services in Egypt, India, Indonesia, Nigeria, the Philippines and Vietnam.
MICROFINANCE EVENT: “Mobile Money & Digital Payments Global” Conference, November 18-20, 2014, Istanbul, Turkey
Event Name: Mobile Money & Digital Payments Global
Event Date: November 18 to November 20, 2014
Event Location: Wyndham Grand Istanbul Levent, Istanbul, Turkey
MICROCAPITAL BRIEF: Lanka Orix Leasing Company (LOLC) of Sri Lanka Pays $20m to Acquire 60% Stake in Thaneakea Phum (Cambodia) from Developing World Markets, TPC Employee Association
Thaneakea Phum (Cambodia) (TPC), a Cambodia-based microfinance institution (MFI), recently informed MicroCapital that Developing World Markets Asset Management (DWM), a US-based investment fund manager, has sold 55-percent equity stake in TPC to LOLC Micro Investments Limited (LOMI), a subsidiary of Sri-Lankan financial services group Lanka Orix Leasing Company (LOLC) [1].