The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced a partnership with the Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, a 110-member network based in Poland, to attempt to improve financial literacy in Azerbaijan.
Search Results for: "FINCA Azerbaijan"
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $69m to UniCredit Bank Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced that it is considering loaning EUR 50 million (USD 69 million) to UniCredit Bank Serbia, a subsidiary of Italy-based financial services company UniCredit Group.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Offers $5m Credit Line to FINCA for Lending in Kyrgyz Republic
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, England, recently announced that it will extend a credit line of USD 5 million to FINCA Kyrgyzstan, a unit of US-based microfinance nonprofit FINCA International.
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: US Agency for International Development (USAID), FINCA Jordan Launch Youth Finance Project
A Youth Finance Project intended to boost the Jordanian microbusiness environment has been launched by the United States Agency for International Development (USAID), a US government agency that provides international economic and humanitarian assistance and FINCA Jordan, a microfinance institution (MFI) that is part of the US-based FINCA International microfinance network.
MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $1.5m to FINCA Jordan to Boost Microfinance Services
The Sanad Fund for MSME (Micro-, Small a Medium-Sized Enterprise), an initiative of KfW Entwicklungsbank that provides medium- and long-term debt and equity to financial institutions in the Middle East, recently made a local-currency loan equivalent to USD 1.5 million to FINCA Jordan Specialized Microloans, a Jordanian microfinance institution (MFI) that is part of the US-based FINCA International microfinance network.
MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) to Place Equity Investment, Grant in Microfinance Institution ACME of Haiti
The Multilateral Investment Fund, an autonomous fund administered by the US-based Inter-American Development Bank, has approved an equity investment of an undisclosed amount in Haitian microfinance institution (MFI) Association pour la Cooperation avec la Micro Enterprise (ACME).
MICROCAPITAL BRIEF: Parliament Votes for Tougher Regulation of Microcredit Organizations in Kazakhstan
While details remain sparse, the Majilis, the lower house of the Parliament of Kazakhstan, recently passed a new bill regulating microfinance institutions (MFIs) that is intended to protect the rights of the borrowers.
MICROCAPITAL BRIEF: Global Partnerships Lends $1.2m to Microfinance Institutions Pro Mujer, Café y Desarrollo of Mexico, Fundación Campo of El Salvador
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it will make loans totaling the equivalent of USD 1.2 million in three microfinance institutions (MFIs): Pro Mujer, for its Mexican operations; Café y Desarrollo of Mexico; and Fundación Campo of El Salvador [1].
MICROCAPITAL BRIEF: Incofin Lends $3.6m to Microfinance Institutions Finance for Development of Azerbaijan, Asian Credit Fund of Kazakhstan, Kompanion of Kyrgyzstan
Belgian company Incofin Investment Management (Incofin IM) has recently disbursed loans through microfinance investment funds it manages to three microfinance institutions (MFIs): USD 800,000 to Azerbaijani Finance for Development (FinDev), KZT 44 million (approximately USD 305,000) to Kazakh Asia Credit Fund (ACF) and USD 2.5 million to Kyrgyz Kompanion.
MICROCAPITAL BRIEF: Incofin Lends $9m to Microfinance Institutions (MFIs) PRIDE Tanzania; LAPO of Nigeria; Sinapi Aba Trust, FASL of Ghana
Incofin Investment Management, a private Belgian company that invests in microfinance institutions (MFIs) through six investment funds, has recently made debt investments totalling the equivalent of USD 8.75 million in four African MFIs: Promotion of Rural Initiative and Development Enterprises Limited (PRIDE Tanzania); Lift Above Poverty Organisation (LAPO) of Nigeria; Sinapi Aba Trust (SAT) of Ghana; and First Allied Savings and Loans Limited (FASL), also of Ghana.
MICROCAPITAL BRIEF: Kyrgyz Microfinance Institutions “Successfully Compete” with Banking Sector in Providing Access to Finance
President of Kyrgyzstan, Roza Otunbayeva, reportedly said at the recent Central Asian Microfinance Fair that microfinance institutions (MFIs) in Kyrgyzstan are emulating the banking sector in providing loans in the country.
MICROCAPITAL BRIEF: FINCA International Announces Launch of FINCA Microfinance Holding With Investments of $74m from IFC, KfW, FMO, responsAbility, Triple Jump
FINCA International, a US-based network of microfinance institutions (MFIs) in 21 countries, has established FINCA Microfinance Holding (FMH) LLC, with USD 74 million from social investors including: USD 35 million from International Finance Corporation (IFC), the private-investment arm of the World Bank Group; USD 15 million from KfW Bankengruppe, a German development bank; EUR 10.5 million (USD 14 million) from Netherlands Development Finance Company (FMO in Dutch), a Dutch public-private partnership (PPP); USD 5 million from the responsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments AG of Switzerland; and USD 5 million from Triple Jump, a Dutch investment manager and advisory firm for the microfinance sector.
MICROCAPITAL BRIEF: Microfinance Institution (MFI) TuranBank of Azerbaijan Receives Loan of $7m from IFC to Expand Rural Lending
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan USD 7 million to TuranBank, a microfinance institution (MFI) in Azerbaijan, in an effort to help the MFI increase its lending to rural micro- and small enterprises (MSEs).
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Loans $15m to FINCA International Subsidiaries in Azerbaijan, Georgia, Kyrgyzstan
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested USD 15 million in debt in FINCA International subsidiaries in Azerbaijan, Georgia and Kyrgyzstan. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2].
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Loans Totaling $10m to FINCA International Subsidiaries in Azerbaijan, Russia, Ecuador and Mexico
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested loans approximately equivalent to USD 10.2 million to FINCA International subsidiaries in Azerbaijan, Russia, Ecuador and Mexico. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2].
KNOW A MICROFINANCE FUND: responsAbility Microfinance Leaders
Overview:
ResponsAbility Microfinance Leaders (rAML) is a microfinance investment vehicle that mobilizes capital for microfinance institutions (MFIs).
CGAP Microfinance Dealbook: April 2009 Transactions
The CGAP Microfinance Dealbook publicizes microfinance capital market transactions in an effort to bring greater transparency to the industry. This information is made freely available as a public service. Parties to microfinance transactions are encouraged to submit their deals to this effort. The following deals were collected for April 2009: