Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership, recently invested USD 500,000 in financial technology (fintech) platform Nomanini in the form of a convertible loan. FMO disbursed the funding from MASSIF, a fund it manages for
Tag: MSMEs
MICROCAPITAL BRIEF: Laos Launches $40m MSME Pandemic Relief Project with World Bank Loan Proceeds
The Ministry of Industry and Commerce of Lao People’s Democratic Republic (PDR) recently announced it is borrowing USD 40 million from the World Bank in an effort to help micro-, small and medium-sized enterprises (MSMEs) recover from the COVID-19 pandemic. The terms of the loan
MICROCAPITAL BRIEF: IDB Loans $750m to BNDES to Support MSMEs in Brazil During COVID-19 Pandemic
The Inter-American Development Bank (IDB), whose membership comprises 48 nations, recently loaned USD 750 million to Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian government’s development bank, to support micro-, small and medium-sized enterprises (MSMEs) in Brazil that have seen significant drops in revenue during the COVID-19 pandemic. The loan is expected to enable
MICROCAPITAL BRIEF: FMO Loans $3.5m for Microfinance, SMEs Via ACEP Burkina Faso
The Netherlands Development Finance Company, which also is known by its Dutch acronym FMO, recently disbursed a loan of EUR 3 million (USD 3.5 million) to Agence de Crédit pour l’Entreprise Privée (ACEP) Burkina Faso to support its lending to microenterprises as well as small and medium-sized enterprises (SMEs). FMO sourced the funding from
MICROCAPITAL BRIEF: Green for Growth Fund (GGF) Lends $7m to Attijari Leasing for MSMEs in Tunisia
The Green for Growth Fund (GGF), a Luxembourg-domiciled investor in renewable energy and energy efficiency, recently loaned EUR 6 million (USD 6.9 million) to Attijari Leasing, a Tunisia-based firm, to fund energy-efficiency improvements for micro-, small and medium-sized enterprises in Tunisia. Attijari Leasing, which is controlled by
MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $5m to The National Bank (TNB) of the Palestinian Territories for Microfinance
Sanad Fund for MSME recently loaned USD 5 million to The National Bank (TNB), a public-private partnership in the Palestinian Territories, to fund loans from TNB to low-income households as well as micro-, small and medium-sized enterprises (MSMEs). In addition