Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling approximately USD 8.5 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Azerbaijan, Cambodia, Ecuador, and India.
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MICROCAPITAL BRIEF: Symbiotics Issues $8.7m in Bonds to India’s Satin, $6.8m to Cambodia’s Prasac, $2.7m to MicroCred China
Symbiotics Group, a Swiss for-profit provider of microfinance-related and other investment services, recently issued impact bonds in the amount of USD 8.75 million to Satin, a microfinance institution based in Delhi, India; USD 6.78 million to Prasac, a microfinance institution offering financial services to people with low incomes in Cambodia; and USD 2.75 million to MicroCred China, a unit of France-based MicroCred Group.
MICROFINANCE PAPER WRAP-UP: Symbiotics 2014 MIV [Microfinance Investment Vehicle] Survey Report: Market Data and Peer Group Analysis
“Symbiotics 2014 MIV [Microfinance Investment Vehicle] Survey Report: Market Data and Peer Group Analysis;” published by Symbiotics Group; 2014; 36 pages; available at http://www.symbioticsgroup.com/media/72461/symbiotics-2014-symbiotics-miv-survey-report.pdf
Symbiotics, a Switzerland-based investment company that is “specialized in emerging, sustainable and inclusive finance”, recently performed a survey of microfinance investment vehicles (MIVs) regarding their financial and social performance during 2013.
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $5m to Microfinance Institutions (MFIs) in Georgia, Bolivia, Tajikistan
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, disbursed a total of USD 5 million as loans from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unidentified microfinance institutions (MFIs) in Georgia, Bolivia and Tajikistan.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $25m to Bank of Georgia for On-lending to Micro, Small Enterprises (MSEs)
Bank of Georgia, a Tbilisi-based commercial bank that offers corporate and retail banking, wealth management, brokerage and insurance services in Georgia, Ukraine and Belarus, recently borrowed EUR 18.5 million (USD 25.2 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based, government-backed microfinance investment vehicle.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $12m to Araratbank of Armenia to Support Micro-, Small Enterprises (MSEs)
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, has announced that it is loaning USD 12 million to Araratbank Open Joint Stock Corporation (OJSC), an Armenian bank that provides financial services to micro- and small enterprises (MSEs) [1].
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $4m to Mikrofin Banja Luka of Bosnia and Herzegovina for On-lending to 2,000 Micro-, Small Enterprises
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, has disbursed a senior loan of EUR 3 million (USD 4.1 million) to microfinance institution Mikrofin Banja Luka of Bosnia and Herzegovina to increase the company’s lending capacity and expand loan services to approximately 2,000 micro- and small enterprises in the country.
MICROCAPITAL BRIEF: Partner Microcredit Foundation of Bosnia and Herzegovina Borrows $4m from European Fund for Southeast Europe (EFSE) for Lending to Micro, Small Enterprises (MSEs)
Partner Microcredit Foundation (PMCF), a microfinance institution in Bosnia and Herzegovina, recently borrowed EUR 3 million (USD 4.1 million) under a senior loan agreement from the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment vehicle organization promoting economic development.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $6.8m to MF Banka a.d. Banja Luka of Bosnia and Herzegovina for On-lending to Micro-, Small Enterprises
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, has disbursed a senior loan of EUR 5 million (USD 6.8 million) to MF Banka a.d. Banja Luka, a microfinance institution (MFI) in Bosnia and Herzegovina.
MICROCAPITAL BRIEF: EBRD, EFSE to Loan $16m to FINCA Azerbaijan to Support Micro-, Small, Medium-sized Enterprises (MSMEs), Agricultural Lending
Through two unrelated transactions, the Azerbaijan-based subsidiary of the Foundation for International Community Assistance (FINCA), a US-based microfinance network, received local-currency loans totaling USD 16 million from the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, and the European Fund for Southeast Europe (EFSE), a government-backed microfinance investment vehicle based in Luxembourg.
MICROCAPITAL BRIEF: Association of Professional Risk Managers in Bosnia and Herzegovina Gains Momentum
The Development Facility of the European Fund for Southeast Europe (EFSE), a technical assistance facility of the Luxembourg-based microfinance investment vehicle (MIV) EFSE, has provided an undisclosed amount of funding to the Association of Professional Risk Managers in Bosnia and Herzegovina (APRMIBIH).
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $26m to Yapi Kredi of Turkey to Support Leasing to Micro-, Small, Medium-sized Enterprises (MSMEs)
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a senior loan of EUR 20 million (USD 26.4 million) to Yapi Kredi Leasing, a financial institution that is majority-owned by Turkish commercial bank Yapi Kredi, to support its leasing services for micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan
Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1].
MICROCAPITAL BRIEF: Belgazprombank (BGPB) of Belarus to Receive $41m Syndicated Loan from European Bank for Reconstruction and Development (EBRD), European Fund for Southeast Europe (EFSE)
Belgazprombank (BGPB), a Belarus-based commercial bank owned by Gazprom of Russia, Gazprombank of Russia, Beltransgaz of Belarus and the Belorussian government, recently entered into an agreement with the European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, and the European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, to accept a five-year, syndicated loan of EUR 30 million (USD 41.4 million).
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $20m to ProCredit Bank Serbia for Small, Medium-sized Enterprises
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), has disbursed a loan of EUR 15 million (USD 20.4 million) to ProCredit Bank Serbia, a financial institution that focuses on lending to micro-, small and medium-sized enterprises (MSMEs) and is majority-owned by Germany-based ProCredit Holding.
MICROFINANCE EVENT: Triple Bottom Line Investment to Host “TBLI Conference,” May 29 – 30, 2014, New York, USA
Event Name: Triple Bottom Line Investment (TBLI) Conference
Event Date: May 29 – 30, 2014
Event Location: New York City, New York, USA
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $6.8m to Intesa Leasing Belgrade of Serbia to Support Micro-, Small Enterprises
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV) backed by the European Union, recently has announced a new partnership agreement with Intesa Leasing Belgrade (ILB) of Serbia, the lease financing arm of Banca Intesa Belgrade, a Serbian commercial bank that is a wholly owned subsidiary of Italian banking group Intesa Sanpaolo.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $15m to AccessBank of Azerbaijan
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), reportedly has provided a senior loan of USD 15 million to AccessBank, a microfinance institution (MFI) in Azerbaijan.