by Teo Lin-Bianco -

MICROCAPITAL BRIEF: EIB Lending Banca Intesa Beograd of Serbia $47m for SMEs, Mid-Caps Adjusting to COVID-19 Pandemic

Recently, the European Investment Bank (EIB), an entity of the EU, extended a credit line of EUR 40 million (USD 47 million) to Banca Intesa Beograd (BIB) in an effort to boost the Serbian economy in response to the downturn caused by the COVID-19 pandemic. The funds are for on-lending to small and medium-sized enterprises (SMEs) and mid-caps to support operations, job retention and

by Bradley Shulman -

MICROCAPITAL BRIEF: Fusion Microfinance Raises $12m in Debt from Bank im Bistum Essen (BIB) to Increase Financial Inclusion for Women in India

Fusion Microfinance, a microfinance institution in India, recently borrowed EUR 10 million (USD 12.2 million) from Bank im Bistum Essen (BIB), a cooperative bank based in Germany. The loan proceeds are intended for Fusion Microfinance to