by Harriet Ritchie -

MICROCAPITAL BRIEF: Deetken Impact Invests in Pro Mujer Mexico – Provider of Education, Healthcare, Microfinance – Through Ilu Women’s Empowerment Fund

Canada-based asset management company Deetken Impact and US-based nonprofit women’s development organization Pro Mujer recently announced they are making an investment in Pro Mujer Mexico from the investment vehicle they co-manage, the Ilu Women’s Empowerment Fund. The parties to the transaction wish

by Harriet Ritchie -

MICROFINANCE PAPER WRAP-UP: “Leadership as a Driver of Innovative Financial Services for Women;” by Jaclyn Berfond, Jennifer Iwueze; Published by WWB

This paper offers an analysis of data collected from alumni of the Women’s World Banking Leadership & Diversity for Innovation Program (LDIP), which engages “senior executives and high-potential women leaders to enable them to successfully serve low-income women” customers of financial service providers (FSPs). The authors focus on “the strategic business initiatives of LDIP participants” and

by Arin Atluri -

MICROCAPITAL BRIEF: Citi, DFC Announce $15m Local-currency Loan to CAME of Mexico to Boost Financial Inclusion of 40,000 SMEs

Consejo de Asistencia al Microemprendedor (CAME), a Mexican microfinance institution, recently agreed to borrow MXN 300 million (USD 15 million) through a partnership between US-based bank Citi and the government-backed US International Development Finance Corporation (DFC). The proceeds of the term loan are to be

by Arin Atluri -

MICROCAPITAL BRIEF: IDB Invest Lends $15m in Local Currency to CAME of Mexico to Promote Financial Inclusion of SMEs, Companies led by Women

Consejo de Asistencia al Microemprendedor (CAME), a Mexican microfinance institution, recently secured a four-year loan of MXN 300 million (USD 15 million) from IDB Invest, a member of the Inter-American Development Bank (IDB) Group. CAME’s services include deposits, loans, payments and insurance for microentrepreneurs as well as small and medium-sized enterprises (SMEs). Its loan products include

by Bradley Shulman -

MICROCAPITAL BRIEF: CredAvenue Issues $45m Market-linked Debenture for Spandana Sphoorty to Boost Microfinance for Women in Rural India

CredAvenue, an India-based firm that connects lenders and borrowers, recently issued a market-linked debenture valued at INR 3.38 billion (USD 45 million) for Spandana Sphoorty Financial Limited, a non-banking financial company (NBFC) providing microloans in India. The participating investors comprise

by Bradley Shulman -

MICROCAPITAL BRIEF: Microfund for Women (MFW) Expands Digital Capabilities via MoneyPhone Technology

Microfund for Women (MFW), a nonprofit microfinance institution in Jordan, recently partnered with MoneyPhone, a Netherlands-based financial technology (fintech) company, to enhance its digital offerings in response to the COVID-19 pandemic. Bdour Al-Hyari, the director of strategic planning and business development at MFW, cited the “opportunity for us to introduce new digital services, such as

by Bradley Shulman -

MICROCAPITAL BRIEF: Fusion Microfinance Raises $12m in Debt from Bank im Bistum Essen (BIB) to Increase Financial Inclusion for Women in India

Fusion Microfinance, a microfinance institution in India, recently borrowed EUR 10 million (USD 12.2 million) from Bank im Bistum Essen (BIB), a cooperative bank based in Germany. The loan proceeds are intended for Fusion Microfinance to

by Bradley Shulman -

MICROCAPITAL BRIEF: Tugende Expands Leasing Products to Finance Boat Engines for Fishing in Uganda

Tugende, a technology-driven, lease-to-own firm, recently expanded its product portfolio to finance boat engines for informal workers in the fishing industry in Uganda. The company provides “financing for income-generating assets,” such as motorcycle taxis; associated resources, such as insurance and training; and digital profiles demonstrating

by Aakansha Shenoy -

MICROCAPITAL BRIEF: ESCAP, SHE Investments, UNCDF Build Bookkeeping App Kotra Riel to Assist Women Microentrepreneurs in Cambodia

The UN Economic and Social Commission for Asia and the Pacific (ESCAP), the UN Capital Development Fund (UNCDF) and Cambodia’s SHE (Support Her Enterprise) Investments recently released a bookkeeping app, Kotra Riel,’ targeting

by Harriet Ritchie -

MICROCAPITAL BRIEF: Microsoft, IFC to Support Women Entrepreneurs, Forcibly Displaced Populations in Brazil with Business, ESG, Technology Training

Microsoft, a US-based technology firm, and the International Finance Corporation (IFC), a member of the World Bank Group, recently entered a partnership to deliver business and technology training in Brazil. This is to result in: (1) a publicly available workshop on January 26 regarding how to incorporate environmental, social and governance (ESG) elements into a young business; (2) technology train

by Harriet Ritchie -

MICROCAPITAL BRIEF: PBU Invests in SEAF Women’s Economic Empowerment Fund (SWEEF), Targeting SMEs in Indonesia, the Philippines, Vietnam

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) and Small Enterprise Assistance Funds (SEAF), a US-based investment manager, recently closed the first round of funding of the SEAF Women’s Economic Empowerment Fund (SWEEF). While the amount of investment has not been disclosed, the Danish pen