by Teo Lin-Bianco -

MICROCAPITAL BRIEF: Triple Jump via ASN Microkredietpool, NMI, Incofin Place $9.4m in Equity in Light Microfinance for Financial Inclusion of Women in Rural India

Light Microfinance, a non-banking finance institution in India, recently raised equity from three European organizations: USD 4 million from Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership active in Africa and Asia; USD 3 million from ASN Microkredietpool, a microfinance fund managed by Netherlands-based Triple Jump; and EUR 2 million (USD 2.4 million) from

by Jessica McLeod -

MICROCAPITAL BRIEF: Proximity Finance Raises $14m in Equity from Finnfund, Nordic Microfinance Initiative, Proparco to Support Farmers in Myanmar

Proximity Finance, a unit of Myanmar-focused social enterprise Proximity Designs, recently agreed to a package of equity investments totaling USD 14 million in equal shares from three European institutional investors, Proparco (Promotion et Participation pour la Coopération Économique), the Nordic Microfinance Initiative (NMI) and Finnfund. The deal, which is pending regulatory approval, would support Proximity Finance’s services to small-scale, rural farmers in Myanmar, including plans to disburse 1.5 million loans within four years and expand

by Simrun Kothari -

MICROCAPITAL BRIEF: Nordic Microfinance Initiative Raises $5m from Lauritzen Fonden to Invest in Women in Africa, Asia

Denmark-based Lauritzen Fonden recently invested USD 5 million in “Fund IV” of the Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership that invests in microfinance institutions and agricultural initiatives in developing countries. The new investment is specific to microfinance, mainly for women in Africa and Asia.

Lauritzen describes itself as a “commercial foundation.” It earns income from shipping concerns and investments in real estate, technology, software and equipment and then disburses approximately DKK 40 million (USD 6 million) per year to support youth and

by the MicroCapital Team -

MICROCAPITAL BRIEF: PBU Invests $15m in Nordic Microfinance Initiative’s NMI Fund IV to Invest in Women in Africa, Asia

Paedagogernes Pension (PBU), Denmark’s Pension Fund of Early Childhood Teachers, recently invested approximately USD 15 million, denominated in kroner, in NMI Fund IV, which is managed by the Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership that supports microfinance institutions in developing countries.

The goal of the investment is

by Tiannah Steele -

MICROCAPITAL BRIEF: Nordic Microfinance Initiative Secures $105m in Commitments for NMI Fund IV from Norfund, IFU, Den Norske Bank, Ferd, KLP

The Nordic Microfinance Initiative (NMI), a Norway-based public-private partnership that supports microfinance institutions (MFIs) in developing countries, recently announced plans to launch its fourth fund, NMI Fund IV. The fund will