World Archive

responsAbility Loans $20 Million to UT Bank Ghana Limited

Microfinance Focus Europe, 13 September 2013: ResponsAbility Social Investments loaned $20 million to UT Bank Ghana Limited. The loan will go toward the support of SMEs. UT Bank has 26 branches. It has approximately 680 employees and

World Bank and SDC Launch Project to Track Migration Impact on Labor, Economy

Microfinance Focus Europe, 11 September 2013: The World Bank and the Swiss Agency for Development and Cooperation (SDC) have partnered to create the Global Partnership on Migration and Development (KNOMAD). The project, co-sponsored by Germany’s Federal Ministry

DEG, FMO Invest $60 million in Africa Finance Corporation

Microfinance Focus Europe, 4 September 2013: DEG has partnered with fellow Dutch development finance institution FMO to extend credit to the Africa Finance Corporation. Each bank will provide an amount of $30 million, making a total amount

Dutch Embassy in Rwanda Awards Funding to ICCO

Microfinance Focus Europe, 29 August 2013: ICCO Cooperation was awarded funding by the Netherland Embassy in Rwanda to go toward the development of an Agri-Sector Development Facility (ASDF). ICCO Cooperation will lead a group called Agri-ProFocus Rwanda,

EBRD to Diversify Investments in Mongolia

Microfinance Focus Europe, 27 August 2013: After the approval of its 2013-2016 strategy for operations in Mongolia, The European Bank for Reconstruction and Development (EBRD) aims to diversify the Bank’s investment strategy in the country. EBRD’s First

IFC Invests ZAR 300m for Micro-Insurance and Educational Finance in Africa

Microfinance Focus Europe, 23 August 2013: The IFC announced on Wednesday that it will invest ZAR 300 million in Trustco Group to assist various lending projects in sub-Saharan Africa. The funds will offer aid for educational programs

EBRD Supports Kazakh Beverage and Food Producer

Microfinance Focus Europe, 9 August 2013: The European Bank for Reconstruction and Development (EBRD) loaned $25 million US to RG Brands in Kazakhstan. The loan will go toward RG Brand’s ability to purchase raw materials and broaden

Absolute Portfolio Management (APM) Issued $4M in Credit to MFIs

Microfinance Focus Europe, 8 August 2013: In July 2013, Austria-based asset management company Absolute Portfolio Management (APM) issued about $4 million in credit to MFIs located in Azerbaijan, Cambodia, Georgia, Honduras and Indonesia. The loan was carried

UNDP Microloans Lift Bolivian Women from Poverty

Microfinance Focus Europe, 7 August 2013: The United Nation’s Semilla (or Seed) program has announced favorable results for its goals of empowering indigenous Bolivian women. The United Nation’s Development Program (UNDP) website reports that the $9 million program has

EIB Loans 70M Euro to Tanzanian MFI

Microfinance Focus Europe, 31 July 2013: The European Investment Bank (EIB) has loaned 70 million euro to the National Microfinance Bank (NMB), a Tanzanian MFI. The funds will go to support SMEs in Tanzania. According to Filbert