- Monday, October 5, 2009, 13:57
- Featured News, Investments
Microfinance Focus, Oct. 5, 2009: The European Bank for Reconstruction and Development (EBRD) is opening a local currency credit line for boosting the availability of finance to private businesses in Kyrgyz Republic for on-lending to micro and small enterprises (MSEs).
The bank is providing a $1 million loan in Kyrgyz som to Mol Bulak Finance, one of the top five microfinance institutions in the Kyrgyz Republic, ...
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- Friday, October 2, 2009, 12:23
- Investments, Latest News
Microfinance Focus, Oct. 1, 2009: Swiss fund manager BlueOrchard Finance has been chosen to manage the US-backed fund Microfinance Growth Facility (MIGROF) worth US$250 million, which was created recently to support the growth of MFIs to refinance their lending activities to people with no access to main banks.
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- Wednesday, September 30, 2009, 15:56
- Investments, Latest News
Microfinance Focus, Sept. 30, 2009: India’s state-run Export-Import Bank (Exim Bank) has raised $100 million loan from the Asian Development Bank (ADB) to boost the export potential of small and medium enterprises (SMEs) in poor and disadvantaged regions.
The loan will be used medium- and long-term loans to export–oriented SMEs. As per the terms of the loan, Exim Bank will target increased trade and competitiveness amongst ...
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- Wednesday, September 30, 2009, 12:46
- Microfinance Ratings
Microfinance Focus, Sept. 30, 2009: Rating agency CRISIL has formally announced its entry into independent equity research aimed at covering those companies which are not as big as the top 100 in the country.
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- Tuesday, September 29, 2009, 14:21
- Investments
Microfinance Focus, Sept. 29, 2009: International Finance Corporation (IFC), an investment arm of the World Bank, has announced that it will invest in JSC Bank CenterCredit, providing long-term capital that will help promote access to finance for small and medium enterprises in Kazakhstan.
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- Friday, September 25, 2009, 8:21
- Investments
Microfinance Focus, Sept, 25, 2009: Rome-based International Fund for Agricultural Development (IFAD) has provided $8.1 million loan and $8.1 million grant to Burkina Faso for the Rural Business Development Services Programme to develop the local private sector and non-farm businesses.
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- Friday, September 25, 2009, 7:57
- Investments, Latest News
The mission of Grameen Carso, with $45 million, is to serve more than 100,000 borrowers in the next five years.
Microfinance Focus, Sept. 25, 2009: Grameen Trust, in association of Fundacion Carlos Slim A.C., the family charitable foundation of Mexican businessman Carlos Slim Helu, have officially launched the Grameen Carso in Mexico on Thursday, close on the heels of similar initiative in China.
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- Thursday, September 24, 2009, 10:59
- Investments, Latest News
Microfinance Focus, Sept. 24, 2009: Global online e-commerce solutions provider Alibaba Group has donated $5 million tp Bangaldesh-based Grameen Trust as initial funding for the creation of Grameen China, to provide microfinance loans to the poor in China.
In addition, Alibaba Group will advise in areas like technology-based support to help potential recipients access the program and Grameen China's initial focus will be in Sichuan, which ...
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- Thursday, September 24, 2009, 9:35
- Investments, Latest News
Microfinance Focus, Sept. 24, 2009: The US state-run Overseas Private Investment Corporation (OPIC) will provide $250 million to expand a joint microfinance lending program with Citi Group that is aimed to help 480,000 borrowers especially in the emerging markets worldwide.
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- Wednesday, September 16, 2009, 13:04
- Featured News, Investments
By Daniel Rozas in Brussels
Microfinance Focus, Sept. 16, 2009:
When Washington Mutual, one of the largest US banks, was shut down in September 2008 following the sub-prime crisis, its depositors and secured creditors suffered no losses, though shareholders and unsecured creditors lost around $12 billion. That was still about 4 per cent of the company’s assets.
However, ...
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- Tuesday, September 15, 2009, 10:24
- Investments, Latest News
Microfinance Focus, Sept. 15, 2009: Kolkata-based Bandhan microfinance has raised a Rs 250-crore ($51 million) credit
from the Small Industries Development Bank of India (SIDBI)
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- Thursday, September 10, 2009, 22:44
- Investments
Microfinance Focus, Sept. 10, 2009: Venture fund manager Lok Capital announced on Thursday that it has invested $1.5 million to pick up a 24% stake in the Chennai-based Asirvad Microfinance.
Founded in 2007, Asirvad has 75,000 borrowers in Tamil Nadu and a portfolio outstanding of over $4.6 million. It has 21 branches in 7 districts and employs 150 persons.
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- Wednesday, September 2, 2009, 23:28
- Investments, Latest News
Microfinance Focus, Sept. 2, 2009: Hyderabad-based Asmitha Microfin Limited has successfully closed its second round of equity infusion with BlueOrchard Private Equity Fund pumping in Rs 50 crore, almost double than its previous funding in Asmitha a year ago.
Last year, the Geneva-based fund manager closed its first round of equity investment in Asmitha Microfin on September 30, 2008 by investing Rs. 25 crore (US$ 5.3 million) and taking a minority stake in the fourth largest non-banking financial company of India. It was BlueOrchard Private Equity Fund's first investment in India.
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- Wednesday, September 2, 2009, 19:25
- Investments, Latest News
Microfinance Focus, Sept. 2, 2009: Hyderabad-based Asmitha Microfin Limited has closed its second round of equity infusion with BlueOrchard Private Equity Fund pumping in Rs 50 crore.
Asmitha Microfin Limited, a Hyderabad-based microfinance institution and one of the top five microfinance institutions in India in terms of portfolio size, presently serves over 1.16 million clients with a loan portfolio of about Rs 745 crore ($165 million) as of July 31, 2009.
Asmitha has a network of 485 branches across 127 districts in 13 states in India.
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