by Imke Herholdt -

MICROCAPITAL BRIEF: IFC Invests $7.5m in Debt, Equity in Microfinance Institution Maha Agriculture of Myanmar

The International Finance Corporation (IFC), a member of the World Bank Group, recently invested USD 6 million in debt and USD 1.5 million in equity in Maha Agriculture Public Company Limited, a microfinance subsidiary of Myanma Awba Group <http://www.awba-group.com/>, an agrochemical fertilizer company in Myanmar.

by Imke Herholdt -

MICROCAPITAL BRIEF: Mountain Hazelnut Venture Limited of Bhutan Secures $12m in Equity from G20’s GAFSP, ADB, IFC

The Global Agricultural and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, has approved an equity investment of USD 6 million in Mountain Hazelnut Venture Limited (Mountain Hazelnuts), a for-profit promoter of the production of hazelnuts in Bhutan.

by Imke Herholdt -

MICROCAPITAL BRIEF: Kreditech Raises $104m from Amadeus, International Finance Corporation (IFC), Peter Thiel, Previous Investors for Monedo Online Lending Platform

Kreditech, a German financial technology company, recently announced that it raised EUR 10 million (USD 11.2 million) as part of its Series C funding round from the International Finance Corporation (IFC), a member of the US-based World Bank Group, to invest mainly in its Monedo platform, which provides on-line banking products to consumers in both emerging and developed markets.

by Aliz Crowley -

MICROCAPITAL BRIEF: Ministry of Foreign Affairs of the Netherlands Pledges $27m in Loans, Financial Advisory Services to Small, Medium-sized Enterprises via International Finance Corporation’s (IFC’s) Global SME Finance Facility

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and the Ministry of Foreign Affairs of the Netherlands recently announced that the Dutch government has pledged USD 27 million to IFC’s “Global SME Finance Facility,”[1] a credit line that provides funding to small and medium-sized enterprises (SMEs).

by Aliz Crowley -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $300m in Equity in Postal Savings Bank of China (PSBC)

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 has made an equity investment of USD 300 million in Postal Savings Bank of China (PSBC), a bank backed by the government of China.

by Aliz Crowley -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 15% Equity Stake in Myanmar-based Microfinance Institution (MFI) Fullerton Finance for $1.2m

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 has made an equity investment of USD 1.2 million in Fullerton Finance (Myanmar) Company Limited, a microfinance institution (MFI) that lends to micro-, small and medium-sized enterprises (MSMEs) and low-income individuals in Myanmar.

by Aliz Crowley -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Banco de Ahorro y Crédito ADOPEM for On-lending to Microentrepreneurs in Dominican Republic

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 loan DOP 450 million (approximately USD 10 million) to Banco de Ahorro y Crédito ADOPEM, a microfinance institution (MFI) in the Dominican Republic that was formerly known as Asociación Dominicana para el Desarrollo de la Mujer.

by Aliz Crowley -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Appoints Nepal’s White Lotus Centre to Manage Business Oxygen Private Equity Fund to Invest in Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it has appointed White Lotus Centre Private Limited, a Nepalese advisory firm which specializes in “private sector development, public communications and project management”[2], as the fund manager for Business Oxygen, a private equity fund in Nepal that was founded in 2012.

by Aliz Crowley -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $30m to Georgia’s Bank Republic for On-lending to Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it will provide a loan of USD 30 million to Bank Republic, which serves retail and corporate customers in Georgia as a subsidiary of the French financial services provider Société Générale.

by Victor Mugo -

MICROCAPITAL BRIEF: IFC to Advise Government of Myanmar on Regulation; Small, Medium-sized Enterprises (SMEs); Financial Inclusion; Microfinance

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently signed a memorandum of understanding (MOU) with the Ministry of Commerce of Myanmar.

by Victor Mugo -

MICROCAPITAL BRIEF: IFC Partners With Government of Belarus on Business Environment for Small, Medium-sized Enterprises (SMEs)

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 partner with the Ministry of the Economy of Belarus “to improve the business environment through measures that will support the growth of small, medium-sized enterprises (SMEs)”[1].

by Hye In Arielle Oh -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $25m to Azerbaijan’s AccessBank for Micro-, Small, Medium-Sized Enterprises

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 provide a subordinated loan of USD 25 million to AccessBank, a microfinance bank in Azerbaijan that is associated with Germany’s Access Microfinance Holding AG (AccessHolding), to enable it to serve more micro-, small and medium-sized enterprises (MSMEs).

by Victor Mugo -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will disburse a loan of USD 10 million to Hattha Kaksekar Limited (HKL), a microfinance institution (MFI) in Cambodia.

by Caroline Zhu -

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $13m Bond Issuance of Mexican Microfinance Institution (MFI) Consorcio de Asistencia al Microemprendedor (CAMESA)

Consorcio de Asistencia al Microemprendedor (CAMESA), a Mexico-based, deposit-taking microfinance institution (MFI), recently raised MXN 200 million (USD 13 million) through its first bond issuance to support the expansion of its lending services.

by Victor Mugo -

MICROCAPITAL BRIEF: IFC, Ecobank to Share Risk on $110m in Loans for Small, Medium-sized Enterprises (SMEs) in West, Central Africa

The International Finance Corporation (IFC), a member of the World Bank Group; and Ecobank Transnational Incorporated (Ecobank), a commercial bank based in Lome, Togo, with operations in 36 African countries, recently announced the launch of a risk-sharing credit facility in the amount of USD 110 million.