The International Finance Corporation (IFC), part of the World Bank Group, has released a report called “Doing Business in the East African Community 2010.” The report examines business regulations in five East African countries: Burundi, Kenya, Rwanda, Tanzania, and Uganda [1].
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides $15m Equity Investment to Lok II, an $80m Microfinance Fund that will Invest in Microfinance Institutions (MFIs) in India
The International Finance Corporation (IFC), the investment arm of the World Bank, recently announced that it will provide an equity investment of USD 15 million in Lok II, a venture capital fund investing primarily in microfinance.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), National Bank of Tajikistan and Swiss Government Launch Credit Information Bureau in Tajikistan
The Credit Information Bureau in Tajikistan has been launched by the International Finance Corporation (IFC), the investment arm of the World Bank; the National Bank of Tajikistan, the country’s central bank; and the Swiss government as part of the Azerbaijan-Central Asia Financial Markets Infrastructure Advisory Services Project, which is funded by the Swiss government.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Provide $30m Loan to Banco Patagonia, a Commercial Bank in Argentina, to Lend to Farmers and Small and Medium-sized Agribusinesses
The International Finance Corporation (IFC), the investment arm of the World Bank, will provide a USD 30 million loan to Banco Patagonia S.A., a commercial bank in Argentina, to lend to farmers and small and medium-sized agribusinesses.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $15m in Aavishkaar Goodwell Fund for Microfinance
Aavishkaar Goodwell India Microfinance Development Company Ltd, a microfinance focused private equity firm, has secured a USD 15 million commitment from the International Finance Corporation (IFC), the private investment arm of the World Bank, for its second fund.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) and Inter-American Investment Corporation (IIC), a Member of the Inter-American Development Bank (IDB), Provide $27m in Equity to QBE del Istmo Compañía de Reaseguros, a Panama-based Reinsurance Company, to Expand into Microinsurance and Health Insurance
The International Finance Corporation (IFC), the investment arm of the World Bank, and the Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) that helps small and medium-sized enterprises (SMEs) gain access to finance, will make equity investments totaling USD 27 million in QBE del Istmo Compañía de Reaseguros, a Panama-based reinsurance company, to cover new products such as microinsurance and health insurance as well as increase its capital base, improve corporate governance standards and expand operations.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), the Investment Arm of the World Bank, Provides USD 300,000 Investment to Utkarsh Micro Finance, a Microfinance Start-Up Based in Varanasi, India
The International Finance Corporation (IFC), the investment arm of the World Bank, has provided a USD 300,000 investment to Utkarsh Micro Finance Private Limited, a microfinance start-up providing loans in Northern India.
MICROCAPITAL BRIEF: LeapFrog Investments Microinsurance Fund Raises Additional $65m in Commitments from International Finance Corporation (IFC), KfW, Flagstone Reinsurance, and Soros Economic Development Fund
LeapFrog Investments, an international for-profit microinsurance fund, recently announced that it had raised an additional USD 65 million in commitments, bringing the fund’s total to USD 112 million.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $2m in AccessBank Tajikistan to Help Expand Microfinance Programs
The International Finance Corporation (IFC), the lending arm of the World Bank, recently made a USD 2 million equity investment in AccessBank Tajikistan to help the new bank expand the availability of credit for micro- and small enterprises.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), IBM and Republic Bank Launch Software Platform for Small and Medium-Sized Enterprises in Guyana
The International Finance Corporation (IFC), a member of the World Bank Group; IBM, a multinational computer corporation based in the United States; and Republic Bank Ltd., a commercial bank in the Caribbean, recently launched a free, online platform that aims to help small and medium-sized enterprises (SMEs) improve their performance.
MICROCAPITAL BRIEF: Fundacion Mundo Mujer (FMM) to Become Regulated Financial Institution in Colombia Specializing in Microfinance with $6m Loan from International Finance Corporation (IFC)
he International Finance Corporation (IFC), the lending arm of the World Bank, recently announced that it would provide advisory services and a USD 6 million loan to Fundacion Mundo Mujer (FMM), a Colombian nongovernmental organization (NGO) that offers microcredit services, in order to help FMM transform into a regulated financial institution.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), SONAM, and Bank of Africa Invest Total of $2.25m in MicroCred Senegal, a Microfinance Institution (MFI)
The International Finance Corporation (IFC), the investment arm of the World Bank, has announced that it will make an equity investment of XOF 574.6 million, the equivalent of over USD 1.2 million, in MicroCred Senegal, a microfinance institution (MFI) located in Senegal that was founded by the MicroCred Group, an investment company based in France that is part of the PlaNet Finance Group.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $2.5m in Mexican Company Mi Tienda to Support Microfinance for Micro, Small, and Medium-Sized Enterprises (MSMEs)
The International Finance Company (IFC), the investment arm of the World Bank, has signed a long-term agreement with Mexico’s Sistema Integral de Abasto Rural, known as Mi Tienda, to help the distribution center expand its operations to provide owners of micro, small, and medium-sized enterprises (MSMEs) with microcredit, insurance, and other financial services. IFC has agreed to provide USD 2.5 million in equity financing to support the expansion.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Works With Inecobank To Expand Microfinance Access in Armenia
With the assistance of performance-based grants from the International Finance Corporation (IFC), Inecobank will expand its microfinance services in Armenia’s rural sector.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $100m Equity Investment in Byblos Bank of Lebanon to Provide Finance for Small and Medium-Sized Enterprises (SMEs) and Expand Operations in the Middle East and Africa
The International Finance Corporation (IFC), the investment arm of the World Bank, has made a USD 100 million equity investment in Byblos Bank, a commercial bank based in Lebanon, to provide finance for small and medium-sized enterprises (SMEs) and expand operations in the Middle East and Africa [1,2,3].
MICROCAPITAL BRIEF: The International Finance Corporation (IFC) to Invest $7.5m in Fanisi Venture Capital Fund, A Luxembourg-Based Fund That Invests in Startups and Existing Small and Medium Enterprises (SMEs) in East Africa
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest USD 7.5 million in the Fanisi Venture Capital Fund, a Luxembourg-based fund that invests in East Africa [1,2,3].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Considering $10m Investment in Cygma for Foreign Currency Hedges for Microfinance Investors
The International Finance Corporation (IFC), an arm of the World Bank, is considering making a USD 10 million investment in the USD 50 million Cygma Fund, which will offer foreign currency hedges to investors looking to make local currency investments in microfinance institutions in developing countries.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and CRG Capital (CRG) Launch Central and Eastern Europe (CEE) Special Situations Fund
The International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and CRG Capital, a financial service firm, launched the Central and Eastern Europe (CEE) Special Situations Fund.