The International Finance Corporation (IFC), a unit of the World Bank Group, recently loaned EUR 1 million (USD 1.2 million) to the Agency for Finance in Kosovo (AFK), a microfinance institution that focuses on
Tag: Loan
MICROCAPITAL BRIEF: OPIC Loans $143m to CrediQ for SME Vehicle Loans, Leases in Costa Rica, El Salvador
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned USD 143 million to CrediQ Inversiones of Costa Rica and CrediQ El Salvador, two vehicle financing providers owned
MICROCAPITAL BRIEF: OPIC Loans $100m to Grupo Lafise for Housing, Consumer, SME Lending in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned USD 100 million to the Panama-based Grupo Lafise, whose holdings provide retail banking, investment banking, export
MICROCAPITAL BRIEF: OPIC Loans $100m to IndusInd Bank for Microfinance Lending to Women in India
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently issued an eight-year loan in the amount of USD 100 million to India’s IndusInd Bank to increase its microenterprise lending
MICROCAPITAL BRIEF: OPIC Loans $5m in Local Currency to Grameen Impact Investments India for SMEs
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned INR 355 million (USD 5 million) to Grameen Impact Investments India (GIII), a unit of Grameen Capital India (GCI) that
MICROCAPITAL BRIEF: IDB Loans $10m to Factotal for SME Leasing, Factoring, Vendor Finance in Chile, Peru
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently disbursed a four-year loan of USD 10 million to Factotal SA, a Chile-based provider of leasing, factoring and vendor-finance services for small and medium-sized enterprises (SMEs). The deal, which is the fourth between the parties, is
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $3m to Microfinance Institution Vision Banco Paraguay
Germany-based Invest in Visions (IIV) recently announced that it loaned USD 3 million during May 2018 to Vision Banco Paraguay, a microfinance institution (MFI) providing credit and deposit services to individuals as well as small and medium-sized enterprises (SMEs). IIV executed the investment
MICROCAPITAL BRIEF: Accion Venture Lab, YourNest Invest $1.3m for Equity Stakes in Digital Lender CredRight of India
CredRight, an online lender to individuals as well as micro-, small and medium-sized enterprises (MSMEs) in India, recently received equity investments totaling INR 90 million (USD 1.3 million) from Accion Venture Labs, a fund of US-based NGO Accion, and YourNest, a venture capital firm
MICROCAPITAL BRIEF: IDB Buys $3m Equity Stake in Digital Lender, Payments Provider Moni of Argentina
IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently invested USD 3 million in Moni Online, a financial technology (fintech) firm whose app allows users – who are primarily in Mexico and Argentina – to pay bills as well as apply for and receive loans with
MICROCAPITAL BRIEF: EBRD Loans $59m in Local Currency to ProCredit Bank of Bulgaria for On-lending to SMEs
The European Bank for Reconstruction and Development (EBRD), a UK-based development bank, recently loaned EUR 50 million (USD 59 million) to ProCredit Bank (Bulgaria) EAD, a provider of financial services to individuals and
MICROCAPITAL BRIEF: India’s Arman Financial Services Decreases Interest Rates on Two-wheel Vehicle, Microfinance Loans
Arman Financial Services Limited, a non-banking finance company based in the Indian state of Gujarat, recently announced it is reducing interest rates on its two-wheel vehicle and microfinance loans.
MICROCAPITAL BRIEF: ResponsAbility to Loan Additional $3m to Bolivian Microfinance Institution Diaconia FRIF
ResponsAbility, a Switzerland-based asset management firm specializing in development investments, recently informed MicroCapital that it is lending an additional USD 3 million to Diaconia Fondo Rotativo de Inversion y Fomento (FRIF), a non-banking financial institution based in Bolivia.
MICROCAPITAL BRIEF: Verdant Capital Arranges $3m Revolving Credit Facility for Zambia’s Pan African Building Society (PABS)
Verdant Capital, a corporate finance firm serving Africa, recently informed MicroCapital that it has arranged a revolving credit facility in the amount of USD 3 million for the Pan African Building Society (PABS), a deposit-taking, non-banking financial institution operating in Zambia.
MICROCAPITAL BRIEF: EFSE Loans $2.3m to Kosovo’s AFK for On-Lending to Rural Microfinance Clients
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced a senior loan of EUR 2 million (USD 2.3 million) to Agjencioni për Financim në Kosovë (AFK), a non-banking microfinance institution operating in Kosovo.
MICROCAPITAL BRIEF: FMO, Bladex Co-Arrange $100m Loan for Banco Continental Paraguay, including $47m for On-Lending to Small, Medium-Sized Enterprises
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay.
MICROCAPITAL BRIEF: Interest Rate Cuts by Reserve Bank of India Trickle Down to Microfinance Loans
Successive interest rate cuts by the Reserve Bank of India (RBI) since 2015 have led to decreasing cost of funds for microfinance institutions (MFI) and a reduction in lending rates to end customers.
MICROCAPITAL BRIEF: Agence Française de Développement (AFD) Loans $12m to Enda Tamweel of Tunisia
Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe.
MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog
Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria.