Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle-income countries, recently issued a loan of USD 2.25 million to Egypt-based Money Fellows. Money Fellows plans to use the fresh capital to expand its digitization of rotating savings and credit associations (ROSCAs), also known as money circles, as well as to broaden
Tag: Switzerland
MICROCAPITAL BRIEF: Khan Bank Raises $10m in Bond Sale to Vision Microfinance Dual Return Fund to Support Women’s SMEs in Mongolia
Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently facilitated a bond issue channeling USD 10 million to Khan Bank, which serves individuals and companies of all sizes in Mongolia, to support UN Sustainable Development Goal (SDG) 5: Gender Equality. Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, bought the bond through its Vision
MICROCAPITAL BRIEF: AMK of Cambodia Borrowing $7.5m for Green Microfinance via Bond Issue from BII, Symbiotics
Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently disbursed USD 7.5 million to Cambodia’s AMK Microfinance Institution to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products, such as
MICROCAPITAL BRIEF: ResponsAbility Lends $18m to Fintech U Gro Capital for MSME Funding in India
ResponsAbility Investments, a Swiss firm in the process of being acquired by UK-based M&G, recently facilitated INR 1.4 billion (USD 18 million) in borrowing by U Gro Capital, an Indian financial technology (fintech) platform, to increase its funding of micro-, small and medium-sized enterprises (MSMEs). The debt package comprises INR 1.1 billion (USD 14 million) in nonconvertible debentures (NCDs) with the remainder in the form of an external commercial borrowing transaction. The latter is
MICROCAPITAL BRIEF: M&G Acquiring Majority Stake in Impact Investment Firm responsAbility
M&G, a UK-based holding company seeking “to help our customers invest for a more sustainable future for the planet and society,” recently moved to acquire 90 percent of responsAbility Investments of Switzerland. ResponsAbility invests in low- and middle-income countries with the aim of increasing financial inclusion, supporting agriculture deemed sustainable and reducing the effects of climate change. The transaction is subject to regulatory approval, and M&G is expected to acquire
MICROCAPITAL BRIEF: ACBA, Symbiotics Partnering on $6.7m Bond Issue for MSMEs, Green Lending in Armenia
The Agricultural Cooperative Bank of Armenia (ACBA), a commercial and investment bank, and Symbiotics, a Switzerland-based impact investing firm, recently partnered to raise USD 6.75 million for onlending in Armenia. Symbiotics will list a sustainability bond on the
MICROCAPITAL BRIEF: Symbiotics Raises $4.6m via Green Bond for Samunnati Financial for Sustainable Agriculture in India
India’s Samunnati Financial Intermediation & Services, whose customers are farmer-producer organizations and other members of agricultural value chains, recently raised the rupee-equivalent of USD 4.6 million in a bond issue handled by Symbiotics, a Switzerland-based impact investing platform. The bond transaction is the first by Symbiotics that specifically promotes