The
European Investment Bank (EIB), an entity of the EU, recently agreed to loan EUR 60 million (USD 73 million) to Crédit Immobilier et Hôtelier (CIH) Bank, which is controlled by the
Tag: Small/Medium-Sized Enterprises
MICROCAPITAL BRIEF: IFC Invests $24m in Evolving Europe Principal Investments Fund (EEPIF) to Boost SME Finance
The International Finance Corporation (IFC), a member of the World Bank Group, recently invested EUR 20 million (USD 24.2 million) in the Evolving Europe Principal Investments Fund (EEPIF), which is managed by UK-based private equity firm Integral Venture Partners, with the goal of improving the financial inclusion of small and medium-sized enterprises (SMEs) in 14 countries. Among the countries to receive investment are
MICROCAPITAL BRIEF: DFC to Double $48m in Lending to MicroVest to Promote Investment in Microfinance, SMEs, Women
The US government’s International Development Finance Corporation (DFC) recently committed to doubling its USD 48 million debt funding of US-based asset management firm MicroVest, aiming to “expand financing opportunities for microfinance and SME [small, and medium-sized enterprise] finance institutions that support underserved microenterprises and small businesses worldwide.”
Algene Sajery, the head of global gender equity initiatives for DFC, stated, “DFC is pleased to support MicroVest’s
MICROCAPITAL BRIEF: IDB Invest, Jamaica Money Market Brokers (JMMB) Bank Strike $70m Deal to Boost SME Lending, Social Performance, Human Resources, Environmental Tracking
IDB Invest, a member of the US-based Inter-American Development Bank (IDB) Group, recently formed a partnership with Jamaica Money Market Brokers (JMMB) Bank whereby JMMB Bank will receive from IDB Invest: (1) support “on the development and implementation of an environmental and social management system;” (2) capacity building services related to human resources; (3) a five-year loan of USD 35 million earmarked for on-lending to small and medium-sized enterprises (SMEs); and (4) the arrangement of an additional lending package of USD 35 million funded by third-party banks. The funding will increase “the mat
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Opens $112m in Credit Lines to Société Générale Expressbank, Sogelease Bulgaria for On-lending, Leasing to Small, Medium-Sized Enterprises
The UK-based European Bank for Reconstruction and Development (EBRD) has agreed to loan up to EUR 85 million (USD 111.5 million) to two units of French-based Société Générale Group to finance the growth of small and medium-sized enterprises (SMEs) in Bulgaria.