The Canadian NGO Desjardins International Development (DID) recently disbursed USD 1.5 million from its financial inclusion fund Aequitas to 4 de Octubre, a microfinance institution (MFI) in Ecuador, to support the MFI’s
Tag: Loan
MICROCAPITAL BRIEF: DID Loaning $2m from Aequitas Fund to Faces Microfinanzas for Microfinance in Ecuador
Aequitas, a financial inclusion fund launched by Desjardins International Development (DID), recently issued a USD 2 million loan to Ecuador-based microfinance institution (MFI) Faces Microfinanzas to
MICROCAPITAL BRIEF: Oikocredit Loans MyCredit $2.6m for SME Financing in Kenya
Oikocredit, a Netherlands-based cooperative, recently lent MyCredit, a Kenya-based non-bank financial services company, USD 2.6 million for lending to small and medium-sized enterprises (SMEs). MyCredit CEO George Mbira commented, “The secured funding will support MyCredit’s strategic
MICROCAPITAL BRIEF: Oikocredit Loans Yellow of Uganda $5m for Off-grid Solar Energy in Africa
Oikocredit, a Netherlands-based cooperative, recently lent USD 5 million to Yellow, a Uganda-based supplier of pay-as-you-go solar electricity products and systems, to expand its operations in sub-Saharan Africa. Pay-as-you-go services are those
MICROCAPITAL BRIEF: MicroVest Loans $4.2m to RoCredit for SME Financing in Romania
US-based asset manager MicroVest recently reported lending EUR 4 million (USD 4.25 million) to RoCredit, a nonbank financial institution serving small and medium-sized enterprises (SMEs) in Romania. Established in 2007 and
MICROCAPITAL BRIEF: EBRD Loans KICB $7m for MSME Financing in Kyrgyzstan
The multilateral European Bank for Reconstruction and Development (EBRD) recently lent the local-currency equivalent of USD 7 million to Kyrgyz Investment and Credit Bank (KICB) to finance micro-, small and medium-sized enterprises (MSMEs) in Kyrgyzstan. The loan is part of
MICROCAPITAL BRIEF: Zanaco Borrows $50m from BII to Support MSMEs, Climate-change Mitigation in Zambia
Zambia National Commercial Bank (Zanaco) recently borrowed USD 50 million from British International Investment (BII), the UK government’s development finance institution, with the goal of funding micro-, small and medium-size enterprises (MSMEs) as well as climate-focused initiatives such as renewable energy generation. BII is looking to
MICROCAPITAL BRIEF: MicroVest Loans $4.5m to Financiera FAMA for MSMEs in Nicaragua
US-based asset manager MicroVest recently reported disbursing a loan of USD 4.5 million to Financiera FAMA, a microfinance institution (MFI) that was founded as Fundación para el Apoyo a la Microempresa. Established in 1991 and headquartered in the city of Managua, FAMA provides
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends $525k to Smart Credit for Microfinance in Moldova
Smart Credit, a microfinance institution (MFI) operating 12 branch locations in Moldova, recently accepted a local-currency loan approximately equivalent to USD 525,000 from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. Founded in 2010, Smart Credit offers
MICROCAPITAL BRIEF: EU Guaranteeing $113m to Support $490m in Lending by EBRD to MSMEs in Eastern Europe, North Africa, Western Asia
In partnership with the multilateral European Bank for Reconstruction and Development (EBRD), the EU recently agreed to guarantee up to EUR 115 million (USD 113 million) in loans distributed by retail financial services providers (FSPs) to micro-, small and medium-sized enterprises (MSMEs) in selected countries of
MICROCAPITAL BRIEF: Coop TLM Borrows $1.3m from Grameen Crédit Agricole Foundation for Microfinance in Indonesia
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation has reported disbursing a local-currency loan approximately equivalent to USD 1.3 million to Coop TLM, a nonprofit microfinance institution in Indonesia. Established in 2010 by the Tanaoba Lais Manekat (TLM) Foundation and headquartered in the city of Kota Kupang, Coop TLM seeks
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1.9m to ACF for Microfinance in Kazakhstan
Asian Credit Fund (ACF), a rural microfinance institution (MFI) in Kazakhstan, recently borrowed approximately USD 2 million from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. Founded in 1997 by the US-based NGO Mercy Corps, ACF provides
MICROCAPITAL BRIEF: Funding Societies Inks $50m Line of Credit from HSBC to Bolster Small, Medium-sized Enterprises (SMEs) in Southeast Asia
Funding Societies, a Singapore-based platform using crowdfunding and other sources of investment to lend to small and medium-sized enterprises (SMEs), recently agreed to borrow up to USD 50 million from the local unit of UK-based HSBC. Funding Societies is active in Indonesia, Malaysia, Singapore, Thailand and Vietnam, offering products
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1.9m to Mikra for Microfinance in Bosnia and Herzegovina
The Grameen Crédit Agricole (GCA) Foundation, which is headquartered in Luxembourg, has reported issuing a loan of EUR 1.9 million (USD 1.9 million) to the microfinance institution (MFI) Mikra of Bosnia and Herzegovina. Mikra, whose head office is in the city of Sarajevo, seeks to
MICROCAPITAL BRIEF: Grameen Crédit Agricole Lends $1.2m to Microfinance Institution Microinvest of Moldova
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg,
has recently announced it has provided a loan of EUR 1.2 million (USD 1.2 million) to Microinvest, a Moldova-based microfinance institution. Established in 2003 and majority-held by the Balkan Financial Sector Equity Fund, Microinvest offers
MICROCAPITAL BRIEF: Monte Credit Borrows $600k from Grameen Crédit Agricole Foundation for Agricultural, Business Microfinance in Montenegro
The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, has announced disbursing a loan of EUR 600,000 (USD 600,000) to the Montenegro-based microfinance institution (MFI) Monte Credit. Monte Credit focuses on
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Lends $860k to Salym for Microfinance in Kyrgyzstan
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation has reported providing a loan in local currency approximately equivalent to USD 860,000 to Salym Finance, a microfinance institution (MFI) in Kyrgyzstan, with the aim
MICROCAPITAL BRIEF: EBRD Loans Banca Transilvania $25m to Support Businesses in Romania Adjusting to War in Ukraine
The multilateral European Bank for Reconstruction and Development (EBRD) recently lent EUR 25 million (USD 25 million) to Banca Transilvania (BT), a Romania-based bank, to on-lend to enterprises affected by the war in Ukraine. The loan is a part of