Posts Tagged ‘SMEs’

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IFC, FMO to provide $30m for SMEs in Peru

Microfinance focus, Oct 25, 2010: IFC, a member of the World Bank Group, and FMO, the entrepreneurial development bank of Netherlands, together will provide $30 million to Banco Interamericano de Finanzas for development of long-term financial products for midsize businesses in Peru. The IFC-FMO investment could help increase the number of small-business loans which BIF disburses by at least 3,500 a year from 2010 to 2014.  ... Full story
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GBF Invests $0.1m in Indonesian Angel Club

Microfinance Focus, Oct 8, 2010: The Grassroots Business Fund (GBF) has made an investment of $100,000 to Sosial Enterprener Indonesia (SEI), a social capital fund which was founded as an initiative between the International Finance Corporation’s Grassroots Business Initiative, the precursor of GBF, and few individual investors - together known as the Angel Club. SEI aims to have 50% of its investments in agribusiness, 25% in ... Full story

EIB lends €200m for financing SMEs projects in Spain

Microfinance Focus, October 2, 2010: European Union’s long-term financing institution, the European Investment Bank has on Friday granted a EUR 200 million loan to Spanish bank Bilbao Bizkaia Kutxa (BBK) for financing investment projects carried out by SMEs, mid-caps and local authorities. This is the EIB’s third loan to BBK. BBK is matching this EIB funding with a further EUR 200 million for financing the same ... Full story

Farz Foundation to create SME Village

Microfinance Focus, Sep 27, 2010: Pakistan’s Islamic microfinance institution, Farz Foundation has laid the foundation stone of its first SME village where it will build 20 homes along with various businesses including tunnel farming, cattle raising, dairy farms etc. The foundation intends to replicate such villages in flood hit areas. Farhat Abbas, the CEO of Farz Foundation said on the occasion, “Building such villages is need ... Full story

IFC, BII to expand financial access for Indonesian Women and SMEs

Microfinance Focus, Sep 24, 2010: PT Bank Internasional Indonesia (BII) and International Finance Corporation (IFC), a member of the World Bank Group, have signed a cooperation agreement to enhance the bank’s products and services towards female entrepreneurs, allowing women to obtain financing for their businesses more easily.  As part of the Cooperation Agreement, IFC Indonesia will advise BII and will assist BII to improve its reach ... Full story

EBRD lends 2.9 billion roubles loan for Russian SMEs

Microfinance Focus, Sep 2, 2010: The European Bank for Reconstruction and Development – EBRD will be lending up to 2.9 billion roubles (76 million) to Credit Europe Bank for meeting the growing demand for local currency loans from small and medium-sized enterprises (SME’s) of Russia, says a release. It will be an unsecured five-year senior loan to the Credit Europe Bank which is majority-owned by the ... Full story

Opinion: Future of microfinance in Pakistan

By Farhat Abbas Shah, Microfinance Focus, Aug 31, 2010: Recent floods in Pakistan have further plunged the already reeling economy. The estimation of the total damage will take some time but the need to microfinance the victims are dire as the failure in this sector can create a famine in not too distant a future. The government is already cash-strapped and avoided default the last year with ... Full story

Internet based microfinance platform ‘’ raised $25 Million for SMEs

Microfinance Focus, Aug 17, 2010: Atlanta based, a social funding network for small business entrepreneurs in America, has raised over $25 million in funding requests, says a recent announcement.'s platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions.  Using proprietary online tools, entrepreneurs build social networks and use these connections to raise capital through ... Full story

Moldova Agroindbank gets $15m IFC loan for financing SMEs

Microfinance Focus, Aug 14, 2010: International Finance Corporation (IFC) has lent a $15 million loan to Moldova Agroindbank, in support of the bank’s efforts to help more of the country’s small and medium businesses access the financing they need to grow. The bank also has joined IFC Global Trade Finance Program, which will enable the provision of expanded trade finance for its clients, and connect it ... Full story

EIB’s lends €150m to Halk & Akbank for Turkish SMEs

Microfinance Focus, July 31, 2010: Supporting Turkey’s small and medium-sized enterprises (SMEs), The European Investment Bank has signed two loans for a total amount of EUR 150 million. The two EIB loans of EUR 75 million each went to Akbank and Halk Bank. They consist of a combination of EIB funds (80%) and European Union grants (20%) for onlending concessional financing to smaller Turkish companies. ... Full story

IFC teams up with India’s Federal Bank to support SMEs

Microfinance Focus, July 30, 2010: International Finance Corporation, the financial arm of World Bank and India’s Federal Bank have joined hands to enhance support to small and medium enterprises and help boost international trade opportunities. IFC will be providing trade financing of up to $25 million to India’s Federal Bank and the facility will give risk coverage and access to a global network that will ... Full story

French SMEs get EUR 300m boost from EIB and Société Générale

Microfinance Focus, July 20, 2010: Supporting projects by French small and medium-sized enterprises (SMEs), The European Investment Bank (EIB) and Société Générale have issued a EUR 300 million credit line yesterday.  An initial EUR 300 million loan advanced in January 2009 has already helped to finance nearly 2 800 projects promoted by 1 950 French SMEs. This partnership will enable independent, development-minded French SMEs with fewer ... Full story
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Zanaco gets $25m IFC loan to invest in Zambia’s SMEs and Agribusiness

Microfinance Focus, July 16. 2010: International Finance Corporation (IFC) has announced to increase finance for agribusiness and smaller companies in Zambia by investing $25 million in Zambia National Commercial Bank PLC (Zanaco). Zanaco will use the $25 million senior loan from IFC to increase products and services that target small and medium enterprises, especially in the agricultural sector. It will also expand its lending in ... Full story

ADB, Bank of China explore Microfinance, SMEs among areas for collaboration

Microfinance Focus, July 14, 2010: After a series of discussion at its headquarters last Friday, ADB (Asian Development Bank) and a visiting delegation from Bank of China (BoC) of the People’s Republic of China (PRC) have agreed to explore a broad range of fresh opportunities for collaboration, including in the areas of regional trade finance, clean energy and infrastructure development, microfinance and institutional capacity building. As ... Full story
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