Matrix Partners India, a Mumbai-based investment firm, is investing INR 1 billion (USD 22.5 million) in Bhartiya Samruddhi Finance Limited (BSFL), an Indian microfinance institution that is a member of the BASIX (Bhartiya Samruddhi Investment & Consulting Service) Group. Two existing investors, Europe-based Hivos-Triodos Fonds and dedicated microfinance institution (MFI) investor Lok Capital LLC, are contributing a further INR 127 million (USD 2.9 million) and INR 55 million (USD 1.2 million) respectively.
Search Results for: Triodos Microfinance Fund
MICROCAPITAL BRIEF: Janalakshmi Financial Services (JFS), a Microfinance Institution (MFI) Located in India, Raises $10m from Funders Including Tree Line Asia Master Fund (Singapore) Private Limited and Bellwether Microfinance Fund
Janalakshmi Financial Services (JFS), a microfinance institution (MFI) located in India, has raised INR 45.8 crore, the equivalent of over USD 10 million, in a second round of funding.
KNOW A MICROFINANCE ORGANIZATION: ALTERFIN
Overview:
ALTERFIN is a cooperative society that invests in microfinance institutions (MFIs) and fair trade producers’ associations.
KNOW A MICROFINANCE ORGANIZATION: Bank Andara
Overview:
Bank Andara provides financial products and services to microfinance institutions (MFIs) in Indonesia.
MICROCAPITAL EVENT: The Fourth Annual Microfinance Forum: Confronting Crisis & Change, February 18-19, 2010, Istanbul, Turkey
Event Name: The Fourth Annual Microfinance Forum: Confronting Crisis & Change
Event Date: February 18-19, 2010
KNOW A MICROFINANCE FOUNDATION: DOEN Foundation
Overview:
The DOEN Foundation invests in socially-oriented companies and programs, including microfinance institutions (MFIs).
KNOW A MICROFINANCE FUND: ShoreCap International (SCI)
Overview:
The ShoreCap International (SCI) is a microfinance investment vehicle, which mobilizes capital for microfinance institutions (MFIs).
KNOW A MICROFINANCE FUND: AfriCap Microfinance Fund
Overview:
The AfriCap Microfinance Fund (AfriCap) is private equity fund that invests in microfinance related organizations that are committed to commercial viability.
Description:
AfriCap uses equity and quasi equity instruments with an aggregate exposure of $1.5 million per investment, with equity stakes ranging from 15 to 30 percent. AfriCap also offers a Technology Assistance Package through the AfriCap managed grant fund. AfriCap invests in a range of financial services companies, including micro-insurance, low-income housing, micro-leasing and money transfers.
KNOW A MICROFINANCE FUND: ACCION Investments in Microfinance SPC
Overview:
The ACCION Investments in Microfinance, SPC fund (ACCION Investments) is a microfinance investment vehicle which mobilizes funds for microfinance institutions (MFIs).
MICROFINANCE PROFILE: LeapFrog Investments
Name of Organization or Microfinance Investment Vehicle: LeapFrog Investments
Overview: LeapFrog Investments is a for-profit, private equity fund focused on microinsurance and financial inclusion
Description:
LeapFrog Investments was founded in 2007 by Dr. Andrew Kuper. It is a for-profit, private equity fund aimed at earning large returns by investing in and supporting microinsurance initiatives. LeapFrog has raised USD 44 million from a range of public and private investors, including the European Investment Bank, the Omidyar Network, FMO, Triodos-Doen and Hivos-Triodos, ACCION International, Calvert, and Felipe Medina (a senior Goldman Sachs wealth manager). The LeapFrog team has also committed USD 1 million of their own personal money into the fund. The fund focuses on ventures in Africa and Asia, with initial target countries including South Africa, Kenya, Ghana, India, Indonesia, Pakistand and the Philippines.
PRESS RELEASE: BlueOrchard Private Equity Fund Takes 14% Equity Stake in XacBank Holding Company TenGer Financial Group, Allowing for Partial Exit of Unnamed Shareholder
Source: XacBank.
PRESS RELEASE: Starting to Expand Beyond Mongolia, Microfinance Holding Company TenGer Increases Share Capital by $5.3m
Source: XacBank.
MICROCAPITAL.ORG STORY: Hivos-Triodos Fund Makes Debt Investment of $2m in Honduran ODEF Financiera
Hivos-Triodos Fund recently made a debt investment of USD two million in the Organización de Desarollo Empresarial Femenino (ODEF) Financiera. [1]
PRESS RELEASE: President Bill Clinton Honors LeapFrog Investments’ Microinsurance Fund as “New Frontier in Microfinance” at Clinton Global Initiative
Source: Leapfrog Investments.
PRESS RELEASE: Microfinance Player Triodos Issues €90m in Bank Shares
Source: Triodos Bank.
MICROFINANCE EVENT: Azerbaijan Microfinance Association Investors Fair in Baku, Azerbaijan, October 7, 2009
Microfinance Event: Azerbaijan Microfinance Association Investors Fair in Baku, Azerbaijan, October 7, 2009
Event Name: Azerbaijan Microfinance Association Investors Fair
Location: Baku, Azerbaijan
Date: October 7, 2009
Event Description: The conference will focus on MFI governance strategy, financial risk management, client protection, opportunities to learn about innovative products, and a chance to access capital investors [1].
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
Cost: AMFA Members: AZN 200 (USD 248)
non-AMFA Members: AZN 250 (USD 310)
International: USD 200
Summary of Event: The day will start with remarks from members of the Azerbaijan Microfinance Association, the Azerbaijani government, and business representatives. There will then be three panels on governance, risk, and client protection, respectively. Lastly, the Investors Fair will be a roundtable to discuss critical microfinance issues [2].
MICROFINANCE EVENT: United Nations Environment Program Finance Initiative (UNEP FI) Roundtable 2009, presented by the United Nations, October 22-23, 2009 at Cape Town, South Africa
MICROFINANCE EVENT: United Nations Environment Program Finance Initiative (UNEP FI) Roundtable 2009, presented by the United Nations, October 22-23, 2009 at Cape Town, South Africa
United Nations Environment Program Finance Initiative (UNEP FI), presented by the United Nations, October 22-23, 2009 at Cape Town, South Africa
October 22-23, 2009 at Cape Town, South Africa
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROCAPITAL.ORG STORY: Indonesian Government And Central Bank Plans To Cut Interest Rates For Microfinance Loans
In a report by Mr Mustaqim Adamrah in the Jakarta Post entitled ‘Govt, Bank Indonesia seek lower rates for micro loans’ [1], it was stated that the Indonesian government and the central bank of Indonesia, Bank Indonesia [2], will work together to bring down interest rates charged by banks to small businesses to around 13 percent under its microcredit program or ‘KUR’. This move was seen as necessary to help Indonesia’s micro, small and medium enterprises. The article notes that Bank Indonesia recently cut its key base interest rate to 6.5 percent last December. It is not known whether the decision to reduce interest rates under the KUR program is related to this development. The details set out in the Jakarta Post article have yet to be confirmed by other public reports or sources at this stage.