Oxus Kyrgyzstan, one of three microfinance institution (MFI) affiliates of the France-based Oxus Development Network, recently borrowed local currency approximately equivalent to USD 1.6 million from Grameen Credit Agricole (GCA) Foundation, which has offices in France and Luxembourg. Like its partner MFIs in Afghanistan and Kyrgyzstan, Oxus Kyrgyzstan seeks to
Tag: microlending
MICROCAPITAL BRIEF: E-lending Company Creditas of Brazil Raises $225m in Equity, Eyeing Expansion to Mexico
Creditas, an online lending platform in Brazil, recently raised USD 225 million in equity, valuing the firm at approximately USD 1.75 billion. Among its plans for the new funds is
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $2m to Kosovo Enterprise Program (KEP) Trust for Microfinance Lending
Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of EUR 2 million (USD 2.26 million) to the Kosovo Enterprise Program (KEP) Trust from IIV Mikrofinanzfonds, a microfinance investment vehicle that is active in developing countries. During June 2019, IIV also invested in
MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $13m to China Foundation for Poverty Alleviation (CFPA) for Microfinance Lending
Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of USD 13 million to the China Foundation for Poverty Alleviation (CFPA) from IIV Mikrofinanzfonds, a microfinance investment vehicle that is active in developing countries. CFPA, an NGO in China, was established in 1989 and
MICROCAPITAL BRIEF: Berendina Micro Investments of Sri Lanka Receives $393k Guarantee from Grameen Credit Agricole Foundation for Microfinance Lending
Berendina Micro Investments Company (BMIC) of Sri Lanka has secured a loan guarantee of EUR 375,000 (USD 426,000) from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, allowing the microfinance institution to secure funding from an unidentified third party. BMIC will use the funding to boost its microlending in
MICROCAPITAL BRIEF: Asian Development Bank (ADB) Loan to Regional Development Bank of Sri Lanka to Leverage Up to $533m for Rural Microfinance, SME Lending
The Asian Development Bank (ADB), a multilateral institution based in the Philippines, recently loaned USD 50 million to Sri Lanka’s state-owned Regional Development Bank (RDB) for on-lending to micro- and small enterprises outside the city of Colombo. These enterprises are to include 500 led by women.