Rotary Foundation, a nonprofit organization that promotes health, education and poverty alleviation, and Oikocredit, a Dutch investment fund, recently launched a partnership to increase the effectiveness of microfinance investments.
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MICROCAPITAL BRIEF: Dutch Microfinance Investor Oikocredit Announces 2010 Financial and Social Returns
Oikocredit, a Netherlands-based, ecumenical, co-operative financial institution, has announced its financial and social returns.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), Oikocredit, Incofin, Calvert Foundation Make Syndicated Loan of $9m to Cooperativa de Ahorro y Crédito (COAC) Jardín Azuayo of Ecuador
The Inter-American Development Bank (IDB), a US-based, multilateral, development finance organization, recently announced that it has syndicated a USD 9 million loan to Cooperativa de Ahorro y Crédito (COAC) Jardín Azuayo, a savings and credit cooperative in Ecuador. USD 3 million of the loan has been funded by IDB, the lead arranger in the transaction, through its “Opportunities for the Majority” initiative. The remaining USD 6 million was funded by the following three impact investors: Oikocredit, a Dutch cooperative investment fund that invested USD 3 million [2]; Incofin, a Belgian investment management firm that invested USD 2 million [3]; and Calvert Foundation, a private US foundation that invested the remaining USD 1 million [4].
MICROCAPITAL BRIEF: Social Investors Investigate Criteria for Environmental, Social and Governance (ESG) Performance of Microfinance Institutions (MFIs), Triple Jump, Oikocredit Hold Meeting to Mull Harmonization of ESG Evaluation
The Social Investor Working Group on Tool Sharing and Harmonization, a group born out of the Social Investor Group meeting in Bern in June 2010, where approximately 40 investors representing about half of total assets under management in the microfinance sector met to discuss socially responsible investing, is exploring different ways to assess the environmental, social and governance (ESG) performance of microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Oikocredit Invests $5m in Alalay Sa Kaunlaran Inc of the Philippines, Capital Aid Fund for Employment of the Poor (CEP) of Vietnam, The TYM Fund of Vietnam and Thaneakea Phum (Cambodia) Limited
Oikocredit, a Dutch cooperative investment fund, recently reported to MicroCapital the details of investments in four microfinance institutions (MFIs) in East Asia: Alalay Sa Kaunlaran Inc (ASKI) of the Philippines, Capital Aid Fund for Employment of the Poor (CEP) of Vietnam, The TYM Fund of Vietnam and Thaneakea Phum (Cambodia) Limited.
MICROCAPITAL BRIEF: Oikocredit Invests Equivalent of $3.95m in IMON International of Tajikistan, The First Microcredit Company of Kyrgyzstan and Credit Union ABN of Kyrgyzstan
Oikocredit, a Dutch cooperative investment fund, recently reported to MicroCapital the details of recent investments in three microfinance institutions (MFIs) in Central Asia: IMON International of Tajikistan, The First Microcredit Company of Kyrgyzstan and Credit Union ABN, also of Kyrgyzstan.
MICROCAPITAL BRIEF: Oikocredit Invests $3.6m in Indian Microfinance Institutions (MFIs) Grameen Koota, Share MACTS and Hope Foundation
Oikocredit, a microfinance investment fund in the Netherlands with total assets of USD 665 million, recently loaned USD 3.65 million to three Indian microfinance institution (MFIs). Grameen Koota, a division of Grameen Financial Services Private Limited founded in 1999, received INR 115 million (USD 2.02 million). Share MACTS (Mutually Aided Co-operative Thrift Society), an Indian credit union founded in 1995 that reported March 2010 total assets of USD 2.05 million, received INR 30 million (USD 527,000). Hope Foundation, an Indian MFI founded in 2005, received INR 25 million (USD 439,000). Current financial information for Hope Foundation is not available.
MICROCAPITAL BRIEF: Peruvian Microfinance Institution (MFI) Mibanco Receives $45m Syndicated Loan from Inter-American Development Bank (IDB), BlueOrchard, Oikocredit, the Calvert Foundation and Societe de Promotion et de Participation pour la Cooperation Economique (PROPARCO)
Peruvian microfinance institution (MFI), Mibanco, has received a loan package of USD 45 million, arranged by Inter-American Development Bank (IDB), allowing it to create a new credit program, Crecer Mi Negocio, which targets women entrepreneurs. The program will help finance medium-term loans ranging from a few hundred dollars up to USD 3,000 for the purchase of new fixed assets or otherwise financing existing businesses. The precise range of maturities indicated ‘medium-term’ has not been released to date.
MICROCAPITAL BRIEF: Oikocredit Invests $4.7m in Bolivian Microfinance Institutions (MFIs); CIDRE (Centro de Investigacion y Desarrollo Regional), CRECER (Credito con Educacion Rural), FUBODE (Bolivian Development Foundation) and Diaconia FRIF (Fondo Rotativo de Inversion y Fomento)
Oikocredit, a microfinance investment fund in the Netherlands with total assets of USD 665 million, recently loaned a total of USD 4.7 million to four Bolivian microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Oikocredit Invests $3.4m in Latin American Microfinance Institutions (MFIs) Contactar (Corporacion Narino Empresa y Futuro) in Colombia, PADECOMSMCREDITO (Sociedad Cooperativa Patronato para el Desarrollo de las Comunidades de Morazon y San Miguel Credito) in El Salvador and Banco Itapua in Paraguay
Oikocredit, a microfinance investment fund in the Netherlands with total assets of USD 665 million, recently loaned approximately USD 3.46 million to three Latin American microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Indian Microfinance Institution (MFI) Sanchetna Financial Services Receives $320,000 from Oikocredit’s Maanaveeya Holdings and Investments, Ananya Finance for Inclusive Growth and Trust MicroFin Network (TMN)
In its July 2010 newsletter, the Indian microfinance institution (MFI) Sanchetna Financial Services reported that it will be receiving a loan of INR 10 million (USD 211,000) from Maanaveeya Holdings and Investments, the Indian subsidiary of the Dutch cooperative investment fund Oikocredit. In addition, Sanchetna will receive INR 3 million (USD 64,000) from the microfinance investment vehicle (MIV), Ananya Finance for Inclusive Growth, and INR 2 million (USD 43,000) from the nonprofit trust, Trust MicroFin Network (TMN).
MICROCAPITAL BRIEF: Oikocredit Lends $1.6m in Local-currency to Five Latin American Microfinance Institutions
Oikocredit, a microfinance investment fund in the Netherlands with assets of USD 665 million, recently loaned USD 1.6 million to five Latin American microfinance institutions (MFIs): Amanecer of Colombia, Coopesparta of Costa Rica, Proempresa of Peru, FINCA Peru and Norandino of Peru.
MICROCAPITAL BRIEF: Oikocredit Lends $3.14m in Local-currency to Nine Indian Microfinance Institutions
Oikocredit, a microfinance investment fund in the Netherlands with assets of USD 665 million, recently loaned INR 145 million (USD 3.14 million) to nine Indian microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Oikocredit Loans $1.37m to Seven Microfinance Institutions in Bulgaria, Asia and Africa
Oikocredit, a microfinance investment fund in the Netherlands with assets of USD 665 million, recently loaned USD 1.37 million to seven microfinance institutions (MFI) in Bulgaria, Tajikistan, Benin, the Philippines and Ghana.
MICROCAPITAL BRIEF: Oikocredit Invests $6.8m in Local-currency Loans in Three Indian Microfinance Institutions
Oikocredit, a microfinance investment fund in the Netherlands with assets of USD 665 million, recently loaned INR 315 million (USD 6.8 million) to three Indian microfinance institutions (MFIs): Cashpor, SMILE and Grameen FSPL (Grameen Koota).
MICROCAPITAL BRIEF: Oikocredit Releases First Social Performance Report
Oikocredit, an ecumenical co-operative investment fund in the Netherlands with assets of USD 665 million [1], has released its first social performance report indicating that 20 percent of its portfolio is invested in 18 of the lowest-income countries, 53 percent targets rural clients, and 85 percent of investee clients are women.
MICROCAPITAL BRIEF: Dutch Investor in Microfinance Institutions (MFIs) Oikocredit Pays USD 675,000 for 10-Percent Stake in India-based ESAF Microfinance and Investment
Oikocredit, a Dutch investor in microfinance institutions (MFIs), has paid INR 30 million (USD 675,000) for a 10-percent stake in Kerala-based ESAF (Evangelical Social Action Forum) Microfinance and Investment Private Limited (ESAF). The investment was made through a wholly-owned Indian subsidiary of Oikocredit, Manaveeya Holdings and Investments.
MICROCAPITAL BRIEF: Oikocredit, an Investor in Microfinance Institutions, Reports Capital Inflow Reached $83.8m and Total Assets Grew by 13% in 2009
Oikocredit, a Dutch investor in microfinance institutions (MFIs), has reported capital inflow reached EUR 62.9 million (USD 83.8 million) and total assets grew by 13 percent in 2009 to EUR 537 million (USD 715 million). Oikocredit’s net income in 2009 was up 69 percent from 2008 to EUR 19.3 million (USD 25.7 million), of which EUR 7.4 million (USD 9.9 million) is proposed to be paid as dividends to members.