The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly has signed deals with AB Bank Rwanda (ABR), a microfinance bank (MFB) affiliated with Access Microfinance Holding of Germany; IHS Holding Limited, a mobile services infrastructure company based in Nigeria that operates in five African countries; and Urwego Opportunity Bank (UOB), a foreign-owned Rwandan MFB, in an effort to increase access to telecommunications and financial opportunities in Rwanda.
Search Results for: opportunity
MICROCAPITAL BRIEF: Chinese Unit of Opportunity International (OI) Buys Mambu Cloud Banking Software to Support Lending to Small, Medium-Sized Enterprises (SMEs)
Opportunity International (OI), a US-based nonprofit providing microfinance in 22 countries, has selected Mambu, a German firm offering a cloud-based banking platform, to provide banking software for OI’s lending to small and medium-sized enterprises (SMEs) in China.
MICROCAPITAL BRIEF: responsAbility Investments Lends $4m to Opportunity International Bank of Malawi
ResponsAbility Investments AG, a Swiss-based investor in microfinance and other sectors, recently announced the disbursement of a loan of USD 4 million to Opportunity International Bank of Malawi Limited (Opportunity Malawi), a member of the US-based Opportunity International network.
MICROCAPITAL BRIEF: MasterCard Foundation Donates $23m to Opportunity International for Agricultural Financing in Sub-Saharan Africa
The MasterCard Foundation, which was founded by US-based global payment processing company MasterCard and aims to promote youth learning and financial inclusion in emerging markets, has donated USD 22.7 million to Opportunity International, a US-based non-profit microfinance organization, to launch the “Africa Growth and Innovation Initiative” to deliver agricultural financial services to 7 million low-income people in the Sub-Saharan African countries Ghana, Malawi, Rwanda, Tanzania and Uganda.
MICROCAPITAL BRIEF: Urwego Opportunity Bank of Rwanda Receives $514k from Development Bank of Austria, “Partnership for Financial Inclusion” of International Finance Corporation (IFC), MasterCard Foundation
The Urwego Opportunity Bank (UOB), a microfinance institution (MFI) in Rwanda, will receive a donation of USD 514,000 from the International Finance Corporation (IFC), a member of the US-based World Bank Group, and the Oesterreichische Entwicklungsbank AG (OeEB), Austria’s development bank, to support the provision of financial services – including mobile services – particularly to women and small-scale enterprises [1].
MICROCAPITAL BRIEF: Caterpillar Foundation Donates $19m to Opportunity International to Reach 17m People in Africa, Asia and Latin America
Opportunity International, a US-based nonprofit organization that provides financial services to poor people in 24 countries, recently announced that Caterpillar Foundation, the philanthropic arm of US-based equipment manufacturer Caterpillar Inc., has granted Opportunity two multi-year donations totaling USD 19.2 million [1].
MICROCAPITAL BRIEF: Opportunity International, MicroEnsure Launch Savings-Linked Education Insurance Program, EduSave, in Malawi
Opportunity International, a US-based development nonprofit, and its subsidiary MicroEnsure, a UK-based nonprofit microinsurance intermediary, have announced the launch in Malawi of a savings-linked education insurance product called EduSave.
MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact
Opportunity International, a US-based nonprofit that focuses on microfinance in emerging markets, has recently agreed to license Insight, a business analytics product developed by Temenos, a software company based in Switzerland. The organization will hire Temenos to customize the software to produce reports that measure the social impact of lending on borrowers and their communities.
MICROCAPITAL BRIEF: Centenary Bank, Opportunity Uganda, PostBank Partner With Uptime Solutions to Rollout Mobile Banking Vans to Rural Areas
Several financial institutions in Uganda including Centenary Bank, a Uganda-based commercial bank specializing in rural finance; Opportunity Uganda, a subsidiary of US-based nonprofit Opportunity International; and PostBank Uganda, a government-owned non-bank credit institution, reportedly have partnered with Uptime Solutions Limited, a Uganda-based for-profit company providing technology solutions for financial services and enterprise development, to deploy mobile banking vans to extend financial services to more residents, mainly in rural trading centers.
MICROCAPITAL BRIEF: One Woman Initiative, Opportunity International Partner to Raise $50m for Microloans to Women
The One Woman Initiative (OWI), a US-based organization that focuses on empowering women, has come under the umbrella of Opportunity International, a US-based nonprofit organization with a focus on microfinance.
MICROCAPITAL BRIEF: Telenor Participates in Launch of MicroEnsure Asia, Opportunity International Sells Stakes in MicroEnsure to International Finance Corporation (IFC), Omidyar Network
MicroEnsure, a microinsurance intermediary founded by US-based nonprofit Opportunity International, has partnered with Telenor Group, a Norwegian mobile communications company, to launch MicroEnsure Asia, which will provide insurance products to Telenor’s business units in Asia.
MICROCAPITAL BRIEF: Opportunity International Adds Savings Services In Colombia By Converting Into Microfinance Bank With Funding From Citi Foundation
Opportunity International, a nonprofit organization headquartered in the USA that provides financial products in 24 developing countries, recently announced the establishment of a regulated microfinance bank that will take over the credit offerings it provides to underserved people in Bogotá, Colombia, in addition to rendering savings services.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $453k to Opportunity Microcredit Romania
The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment fund that mobilizes capital for microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of USD 453,000 to Opportunity Microcredit Romania (OMRO), a Romanian MFI that is a member of the US-based Opportunity International network.
MICROCAPITAL BRIEF: BlueOrchard Finance, Belgian Investment Company for Developing Countries (BIO), Opportunity International Announce New CEOs
BlueOrchard Finance SA, a Swiss microfinance investment manager; Belgian Investment Company for Developing Countries (BIO), a public-private partnership established by the Belgian government; and Opportunity International, a US-based nonprofit organization, all recently announced new CEOs.
MICROCAPITAL BRIEF: Nigerian Stock Exchange (NSE): World Economic Forum (WEF) on Africa to Provide Opportunity for Funding for Small and Medium-Sized Enterprises (SMSEs)
According to a statement attributed to Nigerian Stock Exchange (NSE) CEO Oscar Onyema, the upcoming World Economic Forum (WEF) on Africa will be an opportunity for Nigerian enterprises to seek funding.
MICROCAPITAL BRIEF: Opportunity International Receives Grant from Credit Suisse to Expand Electronic Financial Services, Train Personnel in Africa and Latin America
Opportunity International, a US-based nonprofit organization with a focus on microfinance, has received a three-year grant of unspecified size from Credit Suisse’s Microfinance Capacity Building Initiative, a Credit Suisse program that aims to contribute to the strengthening of microfinance institutions.
MICROCAPITAL BRIEF: responsAbility Lends $3m to Microfinance Institutions Advans Cameroun, Opportunity International Bank of Malawi
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the local-currency equivalent of USD 3 million to financial institutions Advans Cameroun and Opportunity International Bank of Malawi (OIBM).
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO).