The Overseas Private Investment Corporation (OPIC), the development finance institution of the US government, recently loaned USD 10 million to FinLux E Longlife Energies Nouvelles (ELLEN), a firm registered in France, to distribute solar-powered devices to households, small businesses, medical clinics and educational institutions in Chad. To minimize the upfront cost to users, “the Project Company will retain ownership” of the devices.
Tag: Deals
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Loans $1.1m to Microcredit Foundation Lider to Reduce Energy Costs, Carbon Emissions in Bosnia and Herzegovina
The Green for Growth Fund (GGF), a Luxembourg-based public-private partnership, recently loaned EUR 1 million (USD 1.14 million) to Lider, a microcredit foundation based in Sarajevo, to reduce emissions of carbon dioxide in rural regions of Bosnia and Herzegovina. Lider will on-lend the funds to households and small-scale farmers to
MICROCAPITAL BRIEF: EBRD Loans $20m in Local-currency to BNB-Bank, MTBank for SMEs in Belarus
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently signed its first transactions providing local-currency funding in Belarus. EBRD extended lines of credit equivalent to USD 10 million each to Belarusky Narodny Bank (BNB-Bank) and
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $13m to Microfinance Institutions (MFIs) in Ecuador, El Salvador, Georgia, Mongolia – Including $1.5m to JSC Georgian Credit
Germany-based Invest in Visions (IIV) recently announced that it loaned USD 1.5 million to Joint Stock Company (JSC) Georgian Credit, a microfinance institution (MFI) in Georgia. IIV disbursed the loan from its microfinance investment vehicle IIV Mikrofinanzfonds, which lends to MFIs in developing countries. Including this loan, IIV Mikrofinanzfonds loaned
MICROCAPITAL BRIEF: ResponsAbility Buys Equity Stake in C88, Fintech Expanding Access to Lending, Insurance via CekAja.com in Indonesia, eCompareMo.com in the Philippines
A private equity investment vehicle managed by responsAbility Investments AG, a Switzerland-based asset manager specializing in impact investments in developing countries, recently paid an undisclosed sum to buy a minority stake of undisclosed size in Singapore-based C88 Financial Technologies. C88 operates online platforms that help consumers in Indonesia and the Philippines compare and
MICROCAPITAL BRIEF: FMO Extending $450k Convertible Grant to Kenyan Fintech Firm Lendable
The Netherlands Development Finance Company, a public-private bank also known by its Dutch acronym FMO, recently agreed to extend a convertible grant of USD 450,000 to Lendable, a Kenyan firm that offers financing and analytics services to organizations such as leasing companies; pay-as-you-go energy service providers; and lenders to micro-, small and medium-sized enterprises. Convertible grants allow investors
MICROCAPITAL BRIEF: IFC Loaning $55m to Argentina’s Banco Industrial (Bind) to Boost SME Lending
The International Finance Corporation (IFC), a unit of the World Bank Group, recently agreed to loan USD 55 million to Argentina’s Banco Industrial (Bind) to provide small and medium-sized enterprises (SMEs) with “longer-term financing than [is] currently available in the local market.” An estimated 70 percent of SMEs in the country have difficulty accessing credit. David Tinel, IFC’s Regional Manager for the Southern Cone, states that for SMEs
News from the Grameen Credit Agricole Foundation
Here you may find our collection of news on the Grameen Credit Agricole Foundation.
MICROCAPITAL BRIEF: IFC Issues $2b in Bonds for Climate-focused, Infrastructure, Women-entrepreneurship Projects in Developing Countries
The World Bank Group’s International Finance Corporation (IFC) recently raised USD 2 billion via a bond issue to finance projects in developing countries that are focused on mitigating climate change, developing infrastructure, increasing opportunities for women entrepreneurs, and expanding financial resources
MICROCAPITAL BRIEF: EFSE Invests $9m in Kredobank Bond Issue for Small, Medium-sized Enterprise (SME) Lending in Ukraine
The European Fund for Southeast Europe (EFSE), a Luxembourg-domiciled microfinance investment vehicle, recently invested UAH 312 million (USD 11 million) in Public Joint Stock Company (PJSC) Kredobank, a Ukrainian bank owned by the Polish financial services firm, Powszechna Kasa Oszczednosci (PKO) Bank Polski Spolka Akcyjna.
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $7.1m to Agency for Finance in Kosovo (AFK); Advans Group to Refinance in DRC, Myanmar
The Grameen Credit Agricole Foundation (GCAF), whose head office is in Luxembourg, recently informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.4 million (USD 1.6 million),
MICROCAPITAL BRIEF: EBRD Loans $45m to Bank CenterCredit of Kazakhstan, Mostly for Micro-, Small, Medium-sized Enterprises (MSMEs) Run by Women Outside Major Cities
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently disbursed three-year loans totaling USD 45 million to Bank CenterCredit, a commercial bank in Kazakhstan.
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $4.7m to Microfinance Institution ASA Pakistan
Germany-based Invest in Visions (IIV) recently announced that it loaned USD 4.7 million in July to ASA Pakistan, a microfinance institution (MFI) in Pakistan. IIV disbursed the loan from its microfinance investment vehicle, IIV Mikrofinanzfonds, which lends to MFIs in developing countries.
MICROCAPITAL BRIEF: IDB Disburses $148m for Energy-efficiency Projects for Small, Medium-sized Enterprises (SMEs) in Argentina, El Salvador, Paraguay via UN’s Green Climate Fund
With funds drawn from the Green Climate Fund (GCF), a UN-managed investment vehicle for mitigating the effects of climate change, the Inter-American Development Bank (IDB), a member of the US-based IDB Group, recently made three loans totaling USD 140 million to finance energy-efficiency projects undertaken by small and medium-sized enterprises (SMEs) in Latin America.
MICROCAPITAL BRIEF: EBRD Loans $29m to Turkish Leasing Firm QNB Finans Finansal Kiralama for Energy-efficiency Investments
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned EUR 25 million (USD 29 million) to Qatar National Bank Finans Finansal Kiralama (QNB Finans Leasing), a subsidiary of the Turkish commercial bank, QNB Finansbank.
MICROCAPITAL BRIEF: OPIC Loans $5m to Motorcycle Leasing Firm Tugende of Uganda
The Overseas Private Investment Corporation (OPIC), an entity of the US government that facilitates investments aligned with US foreign policy, recently loaned USD 5 million to Tugende Limited, a Ugandan motorcycle leasing company. Michael Wilkerson,
MICROCAPITAL BRIEF: Triple Jump, MicroVest Lend $10m to Indian Microfinance Institution Aye Finance
Aye Finance, a non-banking financial company-microfinance institution (NBFC-MFI) in India, recently issued USD 10 million in non-convertible debentures in undisclosed portions to two microfinance fund management firms, Netherlands-based Triple Jump BV and US-based MicroVest Funds. Aye intends to use the proceeds to expand its small and medium-sized enterprise (SME) loan portfolio.
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Loans $1.5m to Microfinance Organization Crystal of Georgia
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