The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it has arranged a loan package of USD 81.2 million for Banco Industrial do Brasil (BIB).
Search Results for: ifc
MICROCAPITAL BRIEF: IFC Lending $5.6m to Romania’s Garanti Leasing to Finance Women-owned SMEs
Garanti Leasing, a subsidiary of the Garanti Group Romania specializing in financing real estate, vehicles and agricultural equipment, recently announced it will borrow EUR 5 million (USD 5.6 million) from the International Finance Corporation (IFC), the private-sector arm of the World Bank Group, in order to increase funding for women-owned small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: IFC Invests $4.5m in Medical Credit Fund to Support SME Providers of Healthcare in Africa
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced it will invest USD 4.5 million in the Medical Credit Fund (MCF), a unit of the Dutch nonprofit PharmAccess Group, to finance small and medium-sized enterprises (SMEs) that provide healthcare services in Africa.
MICROCAPITAL BRIEF: IFC Loans $17m to Romania’s Agricover for Lending to Small, Medium-sized Agricultural Businesses
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced it will loan RON 70 million (USD 17 million) to Agricover Credit, a non-banking financial institution in Romania, to boost the financial inclusion of farmers as well as small and medium-sized agribusinesses in Romania.
MICROCAPITAL BRIEF: IFC, FMO, SBI-FMO Invest $22m in Equity in Sri Lanka’s Sanasa Development Bank
The International Finance Corporation (IFC), a member of the US-based World Bank Group; the government-backed Netherlands Development Finance Company (which is also known by its Dutch acronym FMO); and Singapore-based SBI-FMO Emerging Asia Financial Sector Fund recently placed equity investments totaling USD 22 million in Sri Lankan-based Sanasa Development Bank (SDB Bank).
MICROCAPITAL BRIEF: IFC, Japan International Cooperation Agency (JICA) to Invest $1.5b in Infrastructure, Microfinance, SMEs Over 5 Years
The International Finance Corporation (IFC), a member of US-based World Bank Group, recently agreed to launch a multifaceted project in partnership with the Japan International Cooperation Agency (JICA), a development institution of the Japanese government.
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Advise Microfinance Institution (MFI) Agency for Finance of Kosovo (AFK) on Agricultural Services
The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it will advise the Agency for Finance (AFK), a microfinance institution (MFI) in Kosovo, on lending strategy and methods to finance the development of the country’s agricultural sector.
MICROCAPITAL BRIEF: IFC Syndicates $44m in Debt from BIB, Incofin, MicroVest, Symbiotics for KazMicroFinance (KMF) of Kazakhstan
KazMicroFinance (KMF), a microfinance institution operating in Kazakhstan, recently borrowed USD 44 million syndicated by the World Bank Group’s International Finance Corporation (IFC) in an effort to enable KMF to expand its lending to small businesses. Of the total, IFC is providing USD 5 million
MICROFINANCE PUBLICATION ROUND-UP: UN Digital Financial Services Toolkits; 7th IMF Financial Access Survey; IFC, The MasterCard Foundation Mobile Money Handbook
“How to Succeed in Your Digital Journey: a Series of Toolkits for Financial Service Providers”; Published by the United Nations Capital Development Fund’s MicroLead Program; October 2016; available upon request via: https://uncdf.wufoo.com/forms/q4pnwh31pqtp7r/
This first portion of a six-part digital toolkit, which is available in English and French, was designed to benefit microfinance institutions (MFIs) and other financial services providers that aim to offer digital financial services to unbanked populations residing in remote locations.
MICROCAPITAL BRIEF: FMO, IFC Invest $16m in Equity in Mobisol to Finance Solar Power in Kenya, Rwanda, Tanzania
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that is placing equity investments totaling EUR 9.2 million (USD 9.9 million) in Mobisol, a Germany-based provider of solar home systems in East Africa. The investments are funded by two entities FMO manages in partnership with the Dutch government: MASSIF and the Access to Energy Fund. These investments were accompanied by an equity placement of EUR 5.4 million (USD 5.8 million) by
MICROCAPITAL BRIEF: IFC to Advise FINCA DRC on Boosting Access to Credit, Mobile Banking in the Democratic Republic of the Congo, with Funding from The MasterCard Foundation
The World Bank Group’s International Finance Corporation (IFC) recently agreed to provide two years of advisory services, valued at USD 1 million, to FINCA DRC, a unit of US-based FINCA Microfinance Holding Company that provides savings and credit services to 256,000 customers in the Democratic Republic of Congo. The goal is to
MICROCAPITAL BRIEF: IFC, Cathay United Bank Loaning $50m to VPBank for SMEs in Vietnam with Support From Women Entrepreneurs Opportunity Facility
The International Finance Corporation (IFC), a member of the US-based World Bank Group, and Cathay United Bank, a Taiwan-based commercial bank, recently announced that they will each lend USD 25 million to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to support small businesses in Vietnam.
MICROCAPITAL BRIEF: IFC, AFD, Goldman Sachs 10,000 Women to Guarantee $5m in SME Lending by Lebanon’s BLC Bank
The International Finance Corporation (IFC), a member of the US-based World Bank Group, and Agence Française de Développement (AFD), the international development arm of the French government, recently launched the Middle East and North Africa (MENA) SME Risk Sharing Facility, through which the organizations will guarantee loans for small and medium-sized enterprises (SMEs), 20 percent of which are to be issued to enterprises owned and operated by women.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $4.5m to Microfinance Institution Alter Modus of Montenegro
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, recently announced it will loan the euro-equivalent of USD 4.5 million to
MICROCAPITAL BRIEF: IFC Issues Taino II Local-currency Bond, Raising $4m for Banco ADOPEM’s Microfinance Efforts in the Dominican Republic
The International Finance Corporation, the private-investment arm of the World Bank Group, recently issued its “Taino II” bond in the amount of DOP 180 million (USD 4 million), the proceeds of which will go to Banco de Ahorro y Crédito ADOPEM SA, a microfinance institution formerly known as Asociación Dominicana para el Desarrollo de la Mujer that is a member of the Spain-based Fundación BBVA Microfinanzas.
MICROCAPITAL BRIEF: IFC Lends Burgan Bank of Turkey $60m to Boost Local SMEs’ Access to Finance
The International Finance Corporation (IFC), a member of the World Bank Group, recently announced it has loaned USD 60 million to Burgan Bank A.S., the Turkish subsidiary of Kuwait’s Burgan Bank Group.
MICROCAPITAL BRIEF: IFC Invests $25m in Debt in First National Bank Zambia, Primarily For Agricultural SMEs
International Finance Corporation (IFC), a member of the World Bank Group, recently loaned USD 25 million to First National Bank Zambia (FNB Zambia), a subsidiary of FirstRand Group South Africa.