The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced that it will invest GHS 1.58 million (USD 1.1 million) in Advans Ghana, a microfinance institution (MFI) established in 2008 that belongs to the Luxembourg-based Advans Group.
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MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $8m in Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance of Kazakhstan
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of three debt investments made during the month of August 2010 to financial institutions Armeconombank of Armenia, Hattha Kaksekar Limited of Cambodia and KazMicrofinance LLC of Kazakhstan.
MICROCAPITAL BRIEF: Social Investment Company responsAbility Makes Debt Investments Totaling $2.5m in FINCA Kosovo and fondiBESA of Albania
responsAbility Social Investments AG (responsAbility), a social investment company founded in 2003 in Switzerland, reported to MicroCapital that it made four debt investments during the month of August totaling EUR 2 million (USD 2.5 million) to microfinance institutions (MFIs) Foundation for International Community Assistance (FINCA) Kosovo and fondiBESA of Albania.
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa
In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle (MIV) European Fund for Southeastern Europe Invests $25m in Debt in Serbian Komercijalna Banka
In August 2010, the European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) managed by Oppenheim Asset Management Services, loaned USD 25 million to Serbian Komercijalna Banka, a bank founded in 1970 with 251 branches in Serbia.
MICROCAPITAL BRIEF: Microfinance Investment Vehicle European Fund for Southeast Europe (EFSE) Invests $15m in Belorussian-Russian Belgazprombank Joint Stock for Microfinance
In August 2010, the European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) managed by Oppenheim Asset Management Services, loaned USD 15 million to Belorussian-Russian Belgazprombank Joint Stock, a bank in Belarus with approximately 110,000 institutional and individual customers.
MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Invests $4.31m in Microfinance Institutions (MFIs) ProCredit Mexico and Pro Mujer
responsAbility Social Investments AG, a Swiss microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling the equivalent of USD 4.31 million in microfinance institutions (MFIs) ProCredit Mexico and Pro Mujer, with the loan to Pro Mujer being directed to its operations in Mexico.
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $2.5m to Peruvian Microfinance Institution (MFI) Confianza and Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro)
In August 2010, BlueOrchard Finance, a Swiss commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), loaned PEN 4.27 million (the equivalent of USD 1.53 million) to the Peruvian microfinance institution (MFI) Confianza, which provides loans, insurance and fund transfer services, and USD 1 million to the Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro).
MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa
In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993.
MICROCAPITAL BRIEF: responsAbility Microfinanz-Fonds and responsAbility Global Microfinance Fund Loan $4m to Central Asian Microfinance Institutions Bank Eskhata of Tajikistan and VF AzerCredit LLC of Azerbaijan
responsAbility Microfinanz-Fonds and responsAbility Global Microfinance Fund (rAGMF), microfinance investment vehicles managed by responsAbility Social Investments AG of Switzerland, recently reported to MicroCapital the details of four debt investments made during the month of August 2010, totaling USD 4 million, to microfinance institutions (MFIs) Bank Eskhata of Tajikistan and VF AzerCredit LLC of Azerbaijan.
MICROCAPITAL BRIEF: BlueOrchard Invests $8.7m in Eastern European Microfinance Institutions KEP Trust of Kosovo and ProCredit Bank of Romania
BlueOrchard, a Switzerland-based commercial microfinance intermediary, recently reported to MicroCapital the details of two debt investments made during the month of August 2010, totaling the equivalent of USD 8.74 million, to microfinance institutions (MFIs) KEP Trust of Kosovo and ProCredit Bank of Romania.
MICROCAPITAL BRIEF: responsAbility Microfinanz-Fonds and responsAbility Global Microfinance Fund Invest $3.8m in Microfinance Institutions Fondo de Desarrollo Comunal of Bolivia (Fondeco), Fundación para el Desarrollo Microempresarial of Ecuador (D-Miro) and Consejo de Asistencia al Microemprendedor (CAME) of Mexico
responsAbility Microfinanz-Fonds and responsAbility Global Microfinance Fund (rAGMF), microfinance investment vehicles managed by responsAbility Social Investments AG of Switzerland, recently reported to MicroCapital the details of five debt investments made during the month of July 2010, totaling the equivalent of USD 3.77 million.
MICROCAPITAL BRIEF: Armenian CJSC Converse Bank Receives Loan of $10m from Microfinance Investment Vehicle (MIV) European Fund for Southeast Europe
In July 2010, CJSC Converse Bank, a private bank based in Armenia with approximately 42,000 customers as of December 2009, borrowed USD 10 million from the European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) set up in 2005 by the German development bank KfW.
MICROCAPITAL BRIEF: Kenyan Equity Bank Receives $8m in Loans from Microfinance Intermediary BlueOrchard Finance
In July 2010, BlueOrchard Finance, a Swiss commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIV), invested USD 8 million in Equity Bank, a microfinance bank based in Nairobi, Kenya, that was founded in 1984.
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund and responsAbility Microfinanz-Fonds Invest $1.4m in Microfinance Institutions OXUS Tajikistan and Enterprise Bank Inc of the Philippines
responsAbility Global Microfinance Fund (rAGMF) and responsAbility Microfinanz-Fonds, microfinance investment vehicles managed by responsAbility Social Investments AG, recently reported to MicroCapital the details of four debt investments made during the month of July 2010, totaling the equivalent of USD 1.4 million, in microfinance institutions OXUS Tajikistan and the Enterprise Bank, Inc of the Philippines.
MICROCAPITAL BRIEF: MicroRate Releases 5th Annual Survey: “State of Microfinance Investment: The MicroRate 2010 Microfinance Investment Vehicle (MIV) Survey”
MicroRate, a microfinance rating agency, has released its fifth annual survey evaluating trends in microfinance investment – “State of Microfinance Investment: The MicroRate 2010 Microfinance Investment Vehicle (MIV) Survey.” The 2010 MIV survey indicates that investor interest in microfinance funds and similar intermediaries remains strong despite the global recession. However, strong interest from investors is being offset by weaker demand for funding from microfinance institutions (MFIs). In 2009, MIVs grew by 22 percent, but assets actually deployed to MFIs only grew 11 percent. This leaves MIVs with rapidly increasing levels of liquidity. By the end of last year, competition forced rates below the minimum level that some MIVs deem necessary in order to be compensated fully for the risk involved.
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund and responsAbility Mikrofinanz-Fonds Invest $1.09m in Microfinance Institutions (MFIs) Apoyo Integral in El Salvador and Forjadores Negocios in Mexico
responsAbility, a Swiss microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling the equivalent of nearly USD 1.1 million in microfinance institutions (MFIs) in El Salvador and Mexico.
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund and responsAbility Mikrofinanz-Fonds Loan $2m to Microfinance Institution (MFI) Eskhata Bank in Tajikistan
responsAbility Social Investment Services, a Swiss-based microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling USD 2 million to the microfinance institution (MFI), Eskhata Bank, in Tajikistan.