Da Afghanistan Bank (DAB), the central bank of Afghanistan, recently implemented a credit infrastructure modernization project involving the establishment of Collateral Registry (CR) and Public Credit Registry (PCR) systems, which enable automation of loan processing by tracking information about clients, outstanding loans and assets pledged to back those loans.
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $15m to Chase Bank Kenya, Advise on Financial Access for Women Entrepreneurs
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced an agreement to provide a loan of USD 15 million and 15 months of advisory services to Chase Bank Kenya, a privately owned bank in Kenya [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC), MasterCard to Establish $250m Risk-Sharing Facility to Support Consumer Loans Distributed via Debit Card
MasterCard, a US-based payments and technology company, and the International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, reportedly have pledged to establish a USD 250 million risk-sharing facility, which is expected to provide an unspecified number of people in emerging markets with access to small loans via payment cards.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), International Finance Corporation (IFC) Loan $97m to Alternatifbank of Turkey for On-Lending to Micro, Small Enterprises (MSEs); Energy Efficiency; Renewable Energy
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and the International Finance Corporation (IFC), a member of the US-based World Bank Group that seeks to increase economic growth in developing countries, recently announced that the two organizations will disburse a senior loan of USD 97 million to Alternatifbank (ABank), a private commercial bank in Turkey.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Government of Guinea-Bissau to Promote Leasing to Small, Medium-sized Enterprise
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has signed a cooperation agreement with the government of Guinea-Bissau.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan up to $10m to Prasac of Cambodia for On-Lending to Agricultural Micro-, Small, Medium-sized Enterprises (MSMEs)
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has opened a long-term credit line of up to USD 10 million to Prasac Microfinance Institution Limited, a Cambodian microfinance institution (MFI).
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $40m to Banco Internacional of Ecuador for On-lending to Small, Medium Enterprises (SMEs), Women-Owned Businesses
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has lent USD 40 million to Banco Internacional, a commercial bank in Ecuador.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Provide $4.1m Risk Sharing Facility to Cameroonian Bank Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC) for Agricultural Lending
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently signed an agreement with Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC), a Cameroonian bank, to provide BICEC with a CFA 2.5 billion (USD 4.1 million) “risk sharing facility… to support its lending activities to agriculture cooperatives active in the productions of cassava, maize and sorghum” [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Provide Consulting Services to An Binh Joint Stock Commercial Bank (ABBANK) to Finance Small, Medium-sized Enterprises (SMEs) in Vietnam
The International Finance Corporation (IFC), an arm of the US-based World Bank Group, recently announced that it has signed a “project services agreement” with An Binh Joint Stock Commercial Bank (ABBANK), a Vietnamese commercial bank.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Contribute $200m to IFC Financial Institutions Growth Fund (FIG Fund), Bringing Total Funding to $345m at First Close
The International Finance Corporation (IFC), a member of the US-based World Bank, recently announced that it will devote up to USD 200 million to the IFC Financial Institutions Growth Fund (FIG Fund), an investment vehicle that will make equity investments that aim to increase access to capital for small and medium-sized enterprises (SMEs) in developing markets [1].
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Global Agriculture and Food Security Program, Sumitomo Mitsui Banking, Managed Co-Lending Portfolio Program to Loan $110m to Cambodia’s Acleda for Agricultural Lending
The International Finance Corporation (IFC), a member of the World Bank Group; the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies; Sumitomo Mitsui Banking Corporation (SMBC), a Tokyo-based subsidiary of Sumitomo Mitsui Financial Group; and the IFC Managed Co-Lending Portfolio Program, a platform that allows institutional investors to participate in IFC’s senior-loan portfolio, recently announced that they will be loaning a total of 110 million to Acleda Bank (Acleda), a Cambodian commercial bank.
MICROCAPITAL BRIEF: Bank Tabungan Pensiunan Nasional (BTPN) of Indonesia Borrows $300m from Sumitomo Mitsui Banking Corporation (SMBC), International Finance Corporation (IFC) for Microenterprise Lending
The International Finance Corporation, a member of the World Bank Group, and Sumitomo Mitsui Banking Corporation (SMBC), a Tokyo-based subsidiary of Sumitomo Mitsui Financial Group, recently provided a loan of USD 300 million to Bank Tabungan Pensiunan Nasional (BTPN), a commercial bank in Indonesia.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 19.9% Equity Stake in Cambodian Microfinance Institution Amret for $15m
The International Finance Corporation (IFC), member of the World Bank Group, recently acquired a 19.9-percent share of Amret, a microfinance institution in Cambodia, at a price of USD 15 million [1].
MICROCAPITAL BRIEF: World Bank Group’s International Finance Corporation (IFC) Increases Presence in Cameroon, Indonesia with $22m Equity Investment in Bank Mayora, Advisory Agreement with Advans Cameroun
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: IFC Invests $16.5m in Tajikistan’s Imon International to Support Micro-, Small, Medium-sized Enterprises
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently mobilized a loan equivalent to USD 16.5 million to benefit Imon International, a microfinance institution (MFI) based in Tajikistan.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loaning $2.5m to La Fayette Microfinance Bank, Nigerian Member of Advans Network
The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France.
MICROCAPITAL BRIEF: IFC, Goldman Sachs Deliver Business Training, $80m in Loan Funds Via Alibaba’s Ant Credit to Support Women Entrepreneurs in China
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, will provide a senior loan of RMB 500 million (USD 80 million) to Ant Credit, the business-lending division of Ant Financial Services Group, which is an affiliate of Chinese e-commerce company Alibaba [1]. The funds will be used to provide credit lines to Chinese women who have online business. Ant Credit will on-lend these funds via the internet after assessing potential borrower’s “transactional and behavioral data” from their online business. The funds will be provided through the Goldman Sachs “10,000 Women” Program, which was launched in 2008 to teach business skills and facilitate access to capital for 10,000 women living in low- and moderate-income countries [2].
MICROCAPITAL BRIEF: IFC Raises Stake in Indian Microlender Bandhan Financial Services with $94m Equity Investment
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently raised its stake in Bandhan Financial Services, an India-based microfinance institution (MFI) that offers loans for health emergencies and microenterprise, with an investment of INR 5.8 billion (USD 94.4 million).