ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached four investment deals with three microfinance institutions (MFIs) in central Asia and Jordan.
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MICROCAPITAL BRIEF: ResponsAbility Reaches Deals Totaling $7m with Microfinance Institutions KWFT, MicroCred Ivory Coast, PRIDE
ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached six investment deals with three microfinance institutions (MFIs)in Africa.
MICROCAPITAL BRIEF: responsAbility Lends $6.9m to Latin American Microfinance Companies Crecer, Fundacion Mundo Mujer Popayan
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made investments equivalent to USD 6.9 million in Bolivian microfinance institution (MFI) Crecer and Colombian MFI Fundacion Mundo Mujer (FMM) Popayan.
MICROCAPITAL BRIEF: responsAbility Lends $1.8m to Cambodian Microfinance Companies Angkor Mikroheranhvatho Kampuchea, Thaneakea Phum (Cambodia) Limited
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made local-curency loans equivalent to USD 1.8 million to Cambodian microfinance companies Angkor Mikroheranhvatho Kampuchea (AMK) and Thaneakea Phum (Cambodia) Limited.
MICROCAPITAL BRIEF: responsAbility Loans $1.5m to Constanta of Georgia, $2.5m to Eskhata of Tajikistan
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has invested USD 1.5 million in Georgia’s Constanta and USD 2.5 million in Tajikistan’s Bank Eskhata.
MICROCAPITAL BRIEF: Electronic Network Cash Tellers (ENCASH) Raises $2.56m from Funds Managed by Incofin, responsAbility to Deploy ATMs in the Philippines
Rural Impulse Funds II SA and responsAbility Ventures I, funds managed by Belgium’s Incofin Investment Management and Switzerland’s responsAbility Social Investments AG, respectively, recently infused a total of USD 2.56 million in equity capital into Electronic Network Cash Tellers Incorporated (ENCASH), a Philippines-based automatic teller machine (ATM) distributor [1].
MICROCAPITAL BRIEF: responsAbility Invests $2m in Jordan’s Middle East Micro Credit Company (MEMCC), Palestine for Credit and Development (FATEN)
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that is has lent the local currency equivalent of USD 1.5 million to Jordan’s Middle East Micro Credit Company (MEMCC) –with equivalent to USD 1 million from the responsAbility Global Microfinance Fund (rAGMF) and equivalent to USD 500,000 from responsAbility Mikrofinanz-Fonds (rAMF).
MICROCAPITAL BRIEF: United Bank Limited, Rural Impulse Fund II, ResponsAbility Global Microfinance Fund, Shorecap II, ASN-Novib Acquire 67% of Pakistani Microfinance Institution Khushhali
A consortium led by United Bank Limited (UBL), a Pakistani commercial bank with total assets of PKR 747 billion (USD 8.2 billion) as of December 2010 [2], reportedly has been selected as the highest bidder for 67.4 percent of the shares of Pakistani microfinance institution Khushhali Bank Limited, whose gross loan portfolio stood at USD 43.5 million as of December 31, 2010 [1].
MICROCAPITAL BRIEF: responsAbility Lends $4.5m to Microfinance Institutions in Romania, Bosnia and Herzegovina, Kyrgyz Republic
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that funds it manages have disbursed loans totaling USD 4.5 million to microfinance institutions (MFIs) in Romania, Bosnia and Herzegovina, and the Kyrgyz Republic.
MICROCAPITAL BRIEF: responsAbility Lends $3.6m to Amret, AMK, Prasac, Hattha Kaksekar of Cambodia
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the equivalent of USD 3.6 million to several Cambodian microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Awards First Microfinance Label to Azure Global Microfinance Fund, responsAbility Financial Inclusion Fund
The Luxembourg Fund Labeling Agency (LuxFLAG), an organization aiming to increase transparency for investors wishing to make responsible investments in the fields of microfinance and the environment, has recently given the LuxFLAG Microfinance Label to two Swiss microfinance investment vehicles (MIVs) for the first time: the Azure Global Microfinance Fund SICAV-SIF and responsAbility SICAV Financial Inclusion Fund.
MICROCAPITAL BRIEF: DemirBank of Azerbaijan to Borrow $8m from Microfinance Enhancement Facility, Co-Managed by responsAbility
DemirBank, an Azerbaijan-based commercial bank that lends to small and medium-sized enterprises, has signed an agreement with the Microfinance Enhancement Facility (MEF), a microfinance investment vehicle created by the World Bank Group’s International Finance Corporation (IFC) and German development bank KfW Entwicklungsbank, to receive USD 8 million in loans over a three-year period.
MICROCAPITAL BRIEF: responsAbility Lends $4m to ACLEDA Bank, Hattha Kaksekar Limited (HKL) of Cambodia
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 4 million to Cambodian financial institutions ACLEDA Bank and Hattha Kaksekar Limited (HKL).
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 $1.85m to Microfinance Institutions AgroInvest Holding of Montenegro, Forus Bank of Russia
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the equivalent of USD 1.85 million to financial institutions AgroInvest Holding of Montenegro and Forus Bank of Russia.
MICROCAPITAL BRIEF: responsAbility Invests $2.3m in Microfinance Institutions Arnur Credit of Kazakhstan, FINCA Armenia, FinDev of Azerbaijan
responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 2.3 million in microfinance institutions (MFIs) Arnur Credit of Kazakhstan, FINCA Armenia and Finance for Development LLC (FinDev) of Azerbaijan [1].
MICROCAPITAL BRIEF: responsAbility Lends $6.2m to Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Lift Above Poverty Organisation (LAPO) of Nigeria
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria.
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).