Fusion Microfinance, a lender to groups of women in India, recently raised INR 800 million (USD 12.4 million) in unspecified portions from US-based Creation Investments, Netherlands-based Oikocredit and Spain-based Gawa Capital Partners. All three of the investors were already shareholders in the microlender. Fusion plans to use the cash to invest in
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MICROCAPITAL BRIEF: Netherlands’ FMO Syndicates $220m Loan for Togo-based Ecobank, with Participation from BlueOrchard Microfinance Fund, Symbiotics, Oikocredit, DEG, Proparco, OeEB, BIO
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 220 million for Togo-based Ecobank Transnational Incor
MICROCAPITAL BRIEF: Oikocredit Sells Equity Stake in Microfinance Institution Financiera Confianza of Peru to Fundacion BBVA MicroFinanzas
Oikocredit, a cooperative based in the Netherlands, recently sold its stake in Financiera Confianza, a Peruvian microfinance institution (MFI), to Fundacion BBVA MicroFinanzas, which was launched by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) in 1998. The size and price of the stake, which Oikocredit assembled in multiple purchases
MICROCAPITAL BRIEF: Fidelity Bank Ghana Borrows $54m for SME Lending from FMO, BIO, Symbiotics, Oikocredit, Incofin
Two government-backed entities, the Netherlands’ Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) and the Belgian Investment Company for Developing Countries (BIO), recently announced they are leading a senior loan package of USD 54 million to be onlent by Fidelity Bank Ghana to small and medium-sized enterprises (SMEs). The loan comprises USD 25 million from FMO
MICROCAPITAL BRIEF: Thos Gieskes to Lead Dutch Cooperative Investor Oikocredit
Oikocredit, a Netherlands-based cooperative with financial inclusion, agriculture and renewable energy investments in 71 countries, announced yesterday that Thos Gieskes is taking the position of Managing Director of the organization as of April. David Woods vacated the position in 2016 after joining Oikocredit in 2012. Mr Gieskes has over a decade of experience at
MICROCAPITAL BRIEF: Oikocredit Increases Equity Stake in Bolivian MFI Banco FIE
Oikocredit, a cooperative “social investment” fund based in Amersfoort, the Netherlands, recently increased its equity stake in Banco para el Fomento a las Iniciativas Económicas (Banco FIE), “more than doubling” its investment in the Bolivian microfinance bank.
MICROCAPITAL BRIEF: Fusion Microfinance Raises $24m in Equity from Creation Investments, GAWA, BIO, Oikocredit as Incofin Exits
Fusion Microfinance Private Limited, an Indian non-banking financial company, has raised
MICROCAPITAL BRIEF: BIO, Oikocredit Invest $8.3 million in Fusion Microfinance of India
Fusion Microfinance (Fusion), a microfinance institution (MFI) based in New Delhi, has received a combined investment of INR 53 crores (USD 8.28 million) from Belgian Investment Company for Developing Countries SA (BIO), an investment company backed by the government of Belgium; and the Dutch cooperative investment fund Oikocredit.
MICROCAPITAL BRIEF: India’s Rashtriya Gramin Vikas Nidhi North East (RGVN) Microfinance Raises $7m in Equity Funding from Norwegian Microfinance Initiative Fund III, Oikocredit of the Netherlands, Dia Vikas Capital of India
Rashtriya Gramin Vikas Nidhi North East (RGVN), a microfinance institution (MFI) based in the Indian state of Assam, reportedly has raised approximately INR 420 million (USD 6.98 million) in equity funding from new investors [1].
MICROCAPITAL BRIEF: Ujjivan Financial Services Raises $7.9m from Oikocredit for On-Lending to Microfinance Clients
Ujjivan Financial Services, a Bangalore-based microfinance institution, has raised INR 500 million (USD 7.9 million) of debt capital from Oikocredit, a Dutch cooperative investment fund, for on-lending to microfinance clients in an effort to support economic development in poor Indian communities.
MICROFINANCE EVENT: Oikocredit USA Summit 2013: Investing in People, Empowering Communities, September 5-6, 2013, Washington, DC, USA
Event Name: Oikocredit USA Summit 2013: Investing in People, Empowering Communities
Event Date: September 5-6, 2013
Event Location: Hyatt Regency Washington, DC, USA
MICROCAPITAL BRIEF: Oikocredit Names David Woods as Managing Director
Oikocredit, a Dutch cooperative investment fund, recently appointed Mr David Woods as Managing Director of the fund, following the retirement of former managing director Mr Ben Simmes.
MICROCAPITAL BRIEF: Freedom from Hunger, Oikocredit to Implement Health Protection Through Microfinance Institutions in Ecuador, Peru
Freedom from Hunger, a US-based non-governmental organization that aims to alleviate poverty, and Oikocredit, a Dutch cooperative investment fund, plan to partner with six microfinance institutions (MFIs) in the Andes mountains of Ecuador and Peru to implement Freedom from Hunger’s microfinance and health protection model.
MICROCAPITAL BRIEF: Sustainable Enterprise Fund, Oikocredit, Grace Foundation Invest in Barefoot Power to Support Renewable Energy in Remote Indian Communities
The Sustainable Enterprise Fund, an Austrian impact venture fund managed by Ennovent, along with Oikocredit, a Dutch cooperative investment fund, and Grace Foundation, a Christian organization in Australia that invests in social enterprise-based solutions to poverty, have made an investment in Barefoot Power, an Australian for-profit enterprise that manufactures and sells lighting products, solar phone chargers and business development services for low-income populations.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Syndicates $19m Loan for Municipal Marketplaces in El Salvador with Participation from Oikocredit, VDK Spaarbank, Bank Im Bistum
The Inter-American Development Bank (IDB), a US-based development finance institution, announced that it recently closed a USD 19 million syndicated loan with participation from Dutch cooperative Oikocredit, VDK Spaarbank of Belgium and Bank Im Bistum Essen of Germany to upgrade municipal marketplaces in El Salvador.
MICROCAPITAL BRIEF: Dutch Microfinance Investor Oikocredit Names Sharlene Brown National Director of US Arm
Oikocredit USA, the United States arm of Dutch cooperative investor Oikocredit, announced today that it has named Ms Sharlene Brown as its new national director.
MICROCAPITAL BRIEF: Rosalind Copisarow Starts Today as New Managing Director of Dutch Microfinance Investor Oikocredit
Ms Rosalind Copisarow was recently appointed as the new managing director of Oikocredit, a Dutch cooperative investment fund.
MICROCAPITAL BRIEF: Dutch Cooperative Investment Fund Oikocredit Invested 80% of New Loans in Smaller Microfinance Institutions During 2010, Reached 28m People, of Whom 86% are Women
Oikocredit, a Dutch cooperative investment fund, recently released its “Social Performance Report 2010” indicating that the organization reached approximately 28 million people through its microfinance partners, with nearly 1.2 million individuals directly benefiting from Oikocredit funding.