MIVs and Investments Archive

Initial Deposit Made in FMO SME Finance Fund

Microfinance Focus Europe, 21 November 2013: An initial deposit was made in the Dutch development bank, FMO’s newest fund for small and medium sized enterprises (SMEs). The fund, titled the SNS FMO SME Finance Fund, was jointly initiated by

EBRD Invests €25 Million in EFSE

Microfinance Focus Europe, 19 November 2013:The European Fund for Southeast Europe signed an agreement with the European Bank for Reconstruction and Development, providing EFSE with an additional €25 million for over 4,000 new loans to micro and small enterprises. The

KfW Signs First Development Loan with Indian Financial Sector

Microfinance Focus Europe, 9 November 2013: KfW Development Bank signed a $340 million agreement with the Industrial Development Bank of India (IDBI) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ). $300 million of the funds will

FMO Invests in Banco Agromercantil de Guatemala

Microfinance Focus Europe, 7 November 2013: FMO (the Netherlands Development Finance Company) arranged a $100 million senior unsecured facility for Banco Agromercantil de Guatemala (BAM) Guatemala's fourth largest bank. The transaction is the largest ever syndicated facility for a Guatemalan bank.

GCAMF invests in Mec Fadec and RENACA

Microfinance Focus Europe, 5 November 2013: Luxembourg-based investor the Grameen Credit Agricole Microfinance Foundation (GCAMF) disbursed the first half of a 30-month loan worth €152,000 to Senegalese MFI Mec Fadec. GCAMF also distributed the first part of a three-year loan worth

EBRD Loans €35 Million to EPBiH

Microfinance Focus Europe, 31 October 2013: The European Bank for Reconstruction and Development (EBRD) made a €35 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH), Bosnia and Herzegovina's largest power and energy utility. €9 million will go toward the rehabilitation of

Sekerbank Borrows from EBRD, IFC and EFSE

Microfinance Focus Europe, 29 October, 2013: Turkish private bank, Sekerbank borrowed $82 million from the European Bank for Reconstruction and Development (EBRD), $50 million from the International Finance Corporation and $13.7 million from the European Fund for South East Europe

BIO Loans $6 Million to CDB in Sri Lanka

Microfinance Focus Europe, 23 October 2013: The Belgian Investment Company for Developing Countries (BIO) issued RS 800 million in funding for the Citizens Development Business Finance (CDB) in Sri Lanka. The funding, which is equivalent to $6 million

Aavishkaar Goodwell Invests in Electronic Payment Services

Microfinance Focus Europe, 22 October 2013: Indian-Dutch joint venture Aavishkaar Goodwell invested INR 360 million ($6 million) in India-based company Electronic Payment Services (EPS), which provides electronic payment systems to merchants in Asia. The move follows a previous investment of

Swiss UBS Launches Impact Investment Fund

Microfinance Focus Europe, 18 October 2013: Swiss financial services company, the United Bank of Switzerland (UBS) launched an impact investment fund called the "Impact Investing SME Focus Fund.” The fund will invest in SMEs in unspecified emerging and frontier markets.