The Green for Growth Fund (GGF), a Luxembourg-based lender to projects deemed beneficial to the environment, recently loaned USD 1.5 million to Joint Stock Company Microfinance Organization Crystal, a microfinance institution primarily serving microentrepreneurs and farmers in rural Georgia. Crystal plans to use the proceeds
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MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Loans $7m to Microfinance Institutions (MFIs) Partner Microcredit Foundation, Mi-Bospo for Energy Efficiency Financing in Bosnia and Herzegovina
The Green for Growth Fund (GGF), a Luxembourg-based lender to projects deemed beneficial to the environment, recently disbursed two loans to nonprofit microfinance institutions (MFIs) in Bosnia and Herzegovina: one in the amount of EUR 5 million (USD 5.8 million) to Partner Microcredit Foundation (MCF) and the other in the amount of EUR 1 million (USD 1.2 million) to Mi-Bospo.
MICROCAPITAL BRIEF: EBRD Loans $5.9m in Local Currency to Erste Bank ad Novi Sad to Support Household Energy Efficiency in Serbia
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned RSD 600 million (USD 5.9 million) to Erste Bank ad Nova Sad (Erste Bank Serbia), a commercial banking subsidiary
MICROFINANCE EVENT: Africa Fintech Summit; April 19, 2018; Washington, DC, USA
Summary of Event: This meeting will cover topics such as fintech (financial technology) startups based in Africa, the move toward interoperability of mobile payment systems, regulatory “sandboxes,” virtual currencies, e-waste
MICROCAPITAL BRIEF: Netherlands’ FMO Arranges Syndicated Loan of $110m for Aklease to Support Energy Efficiency in Turkey, with Participation from EBRD, Green for Growth Fund, OFID
The Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, recently arranged a syndicated loan in the amount of USD 110 million for Ak Finansal Kiralama AS (Aklease), a leasing subsidiary of the Turkish bank Akbank, to support energy-efficiency and
MICROCAPITAL BRIEF: MasterCard Pilots Kionect Digital Platform with Microbusinesses in Nairobi, Kenya, in Partnership with Microfinance Institution Musoni, Distributor Kaskazi, Diamond Trust Bank
US-based financial technology firm MasterCard recently began pilot testing a platform called Kionect, which allows kiosk owners in Kenya to use short message service (SMS), also known as text messaging, to
MICROCAPITAL BRIEF: Nicaraguan MFI Among Those Borrowing $12m from C-Quadrat’s Dual Return Vision Microfinance Funds
A unit of Austrian fund manager C-Quadrat, C-Quadrat Asset Management, recently informed MicroCapital that a Nicaraguan microfinance institution (MFI) was among the beneficiaries of the equivalent of USD 12 million that its Dual Return Vision Microfinance funds lent during October. The other borrowers are located elsewhere in Central and South America as well as
MICROCAPITAL BRIEF: Mundo Finance Launches in Jamaica with 50% Equity Participation from National Commercial Bank
Linden ‘Mark’ Mahfood and Robert Taylor recently launched Mundo Finance Limited, a Jamaican firm offering “short-term business loans, trade financing and personal loans” as well as financing for “solar installations in partnership with” Alternative Power Sources. Mundo CEO David Lee reports that his company’s interest
MICROCAPITAL BRIEF: BIMAS of Kenya, AMZ of Zambia, PAIDEK of DR Congo Borrow $2m from Grameen Credit Agricole Microfinance Foundation
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 838,000 to Business Initiatives and Management Assistance Services (BIMAS) of Kenya, the equivalent of USD 582,000 to Agora Microfinance Zambia (AMZ), and the equivalent of USD 582,000 to Promotion et Appui aux Initiatives de Développement Economique du Kivu (PAIDEK) of the Democratic Republic of the Congo.
SPECIAL REPORT: Financing the Excluded: Innovations for Last Mile Financing in the Mekong
Organizations 
serving people at the “bottom of the pyramid” are using solar lighting, doorstep savings services and mobile banking to reach potential customers still untouched by formal financial services. Gaurav Bhandari, Greenlight Planet‘s Senior Global Partnerships Manager for Asia, described his firm’s products, which he reports have prevented 10,000 house fires, increased homeworkers’ productivity by
SPECIAL REPORT: Microfinance Investment Vehicles Setting “Green” Targets; Looking to Asian, Latin American MFIs to Deploy Environment-focused Microloans
During 
one of Friday’s sessions of European Microfinance Week, Hatem Mahbouli, an investment officer with Dutch development bank Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), described his institution’s plans to direct 20 percent of its investments each year to environmental efforts. FMO, which reports the equivalent of USD 9 billion in total assets, has disbursed about USD 120 million of its financial services investments in the “green” sub-sector. To move further toward its goal, FMO is looking particularly to
SPECIAL REPORT: e-MFP Announces Finalists for $112k Sixth European Microfinance Award in Post-Disaster, Post-Conflict Areas & Fragile States: Crédit Rural de Guinée of Guinea, First Microfinance Institution of Syria, Taytay Sa Kauswagan of the Philippines
The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 120 microfinance individuals and organizations, has announced that there are three finalists for the Sixth European Microfinance Award, which is themed “Microfinance in Post-Disaster, Post-Conflict Areas & Fragile States” for 2015 [1].
MICROCAPITAL BRIEF: European Investment Bank (EIB) Introduces $33m Pacific Microfinance Facility
The European Investment Bank (EIB), the long-term lending bank of the European Union, has introduced the Pacific Microfinance Facility, a program that aims to support community projects and micro- and small enterprises (MSEs) in the Pacific region [1].
MICROCAPITAL BRIEF: Green for Growth Fund, Southeast Europe (GGF) Loans $2m to ACBA Leasing of Armenia to Boost Energy Efficiency for SMEs, Large Companies
The Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources, recently disbursed a senior loan of USD 2 million to Agricultural Cooperative Bank of Armenia Leasing (ACBA Leasing).
MICROCAPITAL BRIEF: Call for Applicants for $227k Ashden International Sustainable Energy Awards Open until November 4, 2014
Ashden, a UK-based nonprofit established in 2001 that promotes the use of sustainable energy, has issued a call for applicants for the 2015 Ashden International Awards, which will recognize development programs with a focus on reducing carbon emissions and increasing access to sustainable energy.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $3m to Muganbank of Azerbaijan for On-Lending to Corporates, Individuals for Energy Efficiency, Renewable Energy Projects
The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, is loaning USD 3 million to Muganbank, a financial institution that offers retail and corporate banking services in Azerbaijan.
SPECIAL REPORT: European Microfinance Platform (e-MFP) Announces Finalists for Fifth European Microfinance Award for Environmental Products: ESAF Investments of India, Kompanion of Kyrgyzstan, XacBank of Mongolia
The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 130 microfinance organizations and individuals, has announced that there are three finalists for the Fifth European Microfinance Award, which is themed “Microfinance and the Environment” for 2014[1].
MICROCAPITAL BRIEF: Sodexo, Bluedrop Learning, Global Impact Announce Commitments to Middle East, Women-Owned Small, Medium-Sized Enterprises (SMEs) at 10th Clinton Global Initiative Annual Meeting
The tenth annual meeting of the Clinton Global Initiative (CGI), an initiative of US-based nonprofit Clinton Foundation, is being held in the US city of New York from September 21-24, and has entertained new commitments as well as progress reports on earlier commitments to address global challenges [1][2]: