The Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, is lending USD 45 million to the Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International [1].
Search Results for: Triodos Microfinance Fund
MICROCAPITAL BRIEF: Triodos Revealed as Source of Shares of Cambodia’s Acleda Bank Purchased by Orix
Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, has announced that it is the source of a six-percent equity stake in Cambodian commercial bank Acleda that was purchased by Orix Corporation, a Japan-based financial services group.
MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan
Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan.
MICROCAPITAL BRIEF: Triodos Loans $9.6m to Microfinance Institutions Grameen Koota of India, Koperasi Mitra Dhuafa (Komida) of Indonesia
Triodos Investment Management, a subsidiary of Dutch Triodos Bank, recently disbursed local currency loans totaling the equivalent of USD 9.6 million to Grameen Financial Services Private Limited (Grameen Koota), a non-banking financial company (NBFC) in India, and Koperasi Mitra Dhuafa (Komida), an Indonesian microfinance institution (MFI) [1].
MICROFINANCE PUBLICATION ROUND-UP: From Access to Inclusion: Educating Clients; Economics of Digital Payment Systems; Financial Inclusion and Post Offices
“From Access to Inclusion: Educating Clients,” published by Women’s World Banking; 2013; 32 pages, available at http://www.womensworldbanking.org/publications/access-inclusion-educating-clients/
This report addresses the use of mass media campaigns and one-to-one outreach by financial institutions to provide financial education to low-income women in order to promote increased usage of financial products. Research by Women’s World Banking (WWB) indicates that people with the most need for microfinance products, such as small business loans, savings accounts and microinsurance, often fail to use the services not because of lack of access, but rather due to inexperience with the formal financial sector.
MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Planning to Loan $10m to Bank Andara of Indonesia for On-lending to Microfinance Institutions (MFIs)
Dutch development bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) recently signed a letter of intent with Bank Andara (Andara), an Indonesian provider of retail and wholesale microfinance services, to provide a local-currency senior loan equivalent to USD 10 million for on-lending to local microfinance institutions (MFIs).
MICROCAPITAL BRIEF: ResponsAbility of Switzerland Loans $20m to Microfinance Institution Financiera Confianza of Peru
ResponsAbility Investments, a Swiss investor in microfinance and other sectors, recently loaned USD 20 million to Financiera Confianza, a Peruvian NGO microfinance institution (MFI). Further information on the transaction is not available.
MICROCAPITAL BRIEF: Triodos Investment Management of the Netherlands Sells Stake in Mongolian TenGer Financial Group to Orix, International Finance Corporation (IFC), Mongolyn Alt Group
Triodos Investment Management, a subsidiary of financial service provider Triodos Bank of the Netherlands, recently announced that it has sold the majority of its 13.5% equity stake in TenGer Financial Group, a Mongolia-based microfinance institution, through its Triodos-Doen and Triodos Fair Share Funds [1].
MICROCAPITAL BRIEF: Standard Chartered Bank (SCB) Loans $5.7m to Bank Andara to Support Microfinance Institutions (MFIs) in Indonesia
Standard Chartered Bank (SCB), a UK-based financial services company, recently announced that it will disburse a loan of IDR 57 billion (USD 5.74 million) to Bank Andara, an Indonesian commercial institution that provides wholesale services to microfinance institutions (MFIs) and savings services to individuals.
MICROCAPITAL BRIEF: Triodos Bank Launches Sustainable Pioneer, Sustainable Equity Retail Funds
Triodos Bank, a for-profit financial institution based in the Netherlands, has launched two new investment funds, the Sustainable Pioneer Fund and the Sustainable Equity Fund.
MICROCAPITAL BRIEF: Caspian Advisors Launches $40m Caspian Impact Investments (CII) Fund for Microfinance, Affordable Housing, Agriculture
Caspian Advisors Private Ltd., an Indian investment management and advisory services company specializing in the socially-responsible arena, recently launched the Caspian Impact Investments (CII) fund, which is targeted to raise USD 40 million for projects in the areas of microfinance, small business financing, affordable housing and agriculture.
MICROCAPITAL BRIEF: Credinka of Peru, Ugafode of Uganda, FACES of Ecuador, Agora Microfinance Zambia, ASDIR of Guatemala Borrow $4m From Triodos Investment Management
Triodos Investment Management, a subsidiary of Dutch Triodos Bank, recently disbursed loans to the following five microfinance institutions: Caja Rural de Ahorra y Credito Quillabamba (Credinka) of Peru, Ugafode Microfinance Limited of Uganda, Fundación de Apoyo Comunitario y Social del Ecuador (FACES) of Ecuador, Agora Microfinance Zambia and Asociación de Desarrollo Integral Rural (ASDIR) of Guatemala.
MICROCAPITAL BRIEF: Oxfam, City of London, Symbiotics Invest $1.6m in Xac Leasing of Mongolia through Small Enterprise Impact Investing Fund (SEIIF)
Oxfam UK, a UK-based charity, City of London and Symbiotics, a Swiss microfinance investment intermediary, recently launched a joint initiative known as the Small Enterprise Impact Investing Fund (SEIIF). SEIIF is intended to deliver measurable social as well as financial returns to its stakeholders by investing in small and medium-sized enterprises (SMEs) through financial intermediaries operating in developing countries.
MICROCAPITAL BRIEF: Citibank Indonesia, Overseas Private Investment Corporation Share Risk on $18m Loan to Bank Andara to Support Microfinance Institutions
Citibank Indonesia, a branch of US-based financial services conglomerate Citigroup; the Overseas Private Investment Corporation (OPIC), a US–based development finance institution; and Bank Andara, an Indonesian company that provides wholesale services to microfinance institutions (MFIs) and savings services to individuals, have announced the disbursement of a USD 18.5 million term loan to finance the growth of Bank Andara’s wholesale microfinance lending.
MICROFINANCE EVENT: Women’s World Banking to Host 10th Annual Capital Markets Conference, New York City, October 23-24, 2012
Event Name: 10th Annual WWB Capital Markets Conference 2012
Event Date: October 23-24, 2012
MICROCAPITAL BRIEF: Triodos Bank Loans $3.7m to Prizma of Bosnia and Herzegovina to Expand its Microfinance Operations
Triodos Bank, a Dutch bank with additional offices in Belgium, Great Britain, Spain and Germany, recently approved a loan in the amount of EUR 3 million (USD 3.7 million) to the Prizma Microcredit Foundation reaching a total of EUR 5 million (USD 6.1 million) loaned by Triodos to the microcredit organization in Bosnia and Herzegovina.
MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Celebrates 2nd Anniversary, Reports Positive Financials for 2011
The Regional Micro-, Small and Medium Sized Enterprise Investment Fund for Sub-Saharan Africa (REGMIFA) SA, a Luxembourg-based investment fund that focuses on supporting micro-, small and medium-sized enterprises (MSMEs) in the region, recently celebrated its second anniversary by presenting a summary of 2011 achievements along with an overview of its goals for 2012.
MICROCAPITAL BRIEF: Part of Angola’s $850m Fund to Improve Access to Microcredit
The government of Angola reportedly has announced it plans to spend an amount approximately equivalent to USD 850 million during 2012 to facilitate access to credit for enterprises – including microenterprises – in the country.