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Dec 2018
India: Satin Creditcare Plans to Demerge Small And Medium Finance Unit Into NBFC
December, 23 2018
India - Satin Creditcare, the third-largest microfinance company in India, plans to demerge its small and medium finance vertical into a separate non-banking finance company (NBFC). Recently, it had demerged its housing finance business into a separate NBFC ...
India: Impact Investor Creation Investments Backs Enterprise Lending Firm Vivriti Capital
December, 19 2018
India - Chennai-based Vivriti Capital Pvt. Ltd, which runs an online platform for institutional debt in India, has raised Rs 200 crore (about $28.5 million) in equity funding from US-based impact investor Creation Investments, a company statement said ...
India: ChildFund and Grameen Impact Launch a Pioneering SDG Impact Bond for Women’s Empowerment
December, 19 2018
India - The WHEEL Impact Bond would work towards helping 2000 marginalized tribal women in Maharashtra & Madhya Pradesh to become self-reliant and empowered by training them to become poultry farmers (micro-entrepreneurs), with a specific outcome target of an average annual net income of INR30,000 through this intervention ...
FMO Ventures Into Ethiopia With First Microfinance Loan Guarantee
December, 18 2018
Ethiopia - Dutch development bank FMO has extended a 65% partial guarantee on a 108m Ethiopian Birr ($4m) loan by the Commercial Bank of Ethiopia (CBE) to the Vision Fund Microfinance Institution (VFMFI) ...
Wake up World and Embrace the Impact Revolution
December, 17 2018
Global - Capitalism as we practise it is deeply flawed but not hopeless. When it comes to how we invest there is an exciting shift under way, one that takes current thinking about financial risk and return and adds a third dimension, impact, that measures positive outcomes for society and the environment ...
IFC Invests US$ 300 Million in Bradesco to Expand Access to Finance for Micro, Small, and Medium Enterprises in Brazil
December, 17 2018
Brazil - IFC, a member of the World Bank Group, is providing a US$ 300 million financing package for Bradesco, one of the largest private banks in Brazil, to boost the expansion of access to finance for micro, small and medium enterprises, helping to foment the growth of a critical sector of the Brazilian economy. ...
QPAGOS Launching Mexico’s 1st Fintech with Novel Crowdvouching Solution
December, 17 2018
Mexico - Users will be able to browse guarantee requests in a mobile app and choose which one to vouch for. Suretly Mexico will initially concentrate in 30-day micro loans of $200 USD or less and each user’s guarantee will be capped at maximum 10% of the loan ...
Nigeria: Diamond Bank Confirms Merger with Access Bank, Gives Reasons
December, 17 2018
Nigeria - The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger ...
IFC Invests $90 Million in TMB Bond, in Thailand
December, 17 2018
Thailand - IFC, a member of the World Bank Group, has fully subscribed the $90 million bond issuance of TMB Bank, one of Thailand’s leading banks, which is dedicated to small and medium sized enterprises (SMEs). ...
T. Dichter: Impact Investing as a Poverty Solution - The Case for Patient Pessimism
December, 16 2018
Global - The history of poverty reduction interventions contains countless cautionary tales that should dampen the impact investment movement's enthusiasm. ...
Markets in Cambodia Cheer First Bond Issue
December, 14 2018
Cambodia - The Cambodian financial markets have welcomed with gusto the first issue of a corporate bond in the country, with a Phnom Penh-based microfinance institution, Hattha Kaksekar, listing its bonds on the Cambodia Securities Exchange (CSX) on Dec 6 ...
Get your Credit Health Check Done, Urges Credit Bureau Cambodia
December, 14 2018
Cambodia - With a growing middle class and a changing lifestyle due to increased household income, demand for a boutique of financial products and services such as credit cards and loans have increased. Therefore, credit worthiness is crucial for taking a bank loan or applying for a credit card ...
EBRD Supports Jordan’s Women-led Businesses
December, 14 2018
Jordan - The EBRD is continuing to promote women’s entrepreneurship in Jordan by providing a third loan, of US$ 4 million in local currency, to the Microfund for Women (MFW) in Jordan ...
India: Satin Raises $30 Mn in Bonds from Netherland's FMO
December, 14 2018
India - Satin Creditcare Network has raised $30 million in bonds from the Netherlands Development Finance Company (FMO) at a time when the sector is slowly getting over the credit squeeze hangover. ...
Impact Investor Capria Announces First Close of $100m Fund at $40m
December, 13 2018
Asia - Seattle-based Capria Ventures, which invests in venture capital, private equity, and other debt and equity funds backing early-growth businesses through its network fund, has earmarked 33-40% of the total $100 million for Asian markets ...
Pakistan - Biometric Registration Process Initiated for All Account Holders: SBP
December, 13 2018
Pakistan - The State Bank of Pakistan issued directives for commercial banks to begin biometrically verifying the identities of millions of account holders across the nation ...
J. Beckham, Microvest’s CIO: Impact Fintechs Need Private Debt, not Just Private Equity, to Fuel Their Social Mission
December, 13 2018
Global - Impact investors are no stranger to private debt. But are they too shy about these instruments, right when impact-focused fintech companies need them the most ...
Egypt's Pharos Holding Says it Will Launch Microfinance Services
December, 13 2018
Egypt - Egypt's Pharos Holding investment bank will launch microfinance portfolio services worth around $22-$28 million in the first quarter of 2019, Co-CEO Aladdin el-Afifi told Reuters in an interview ...
10 Key Alpha Drivers in Impact Investing: Study
December, 12 2018
Global - The new research study, The Alpha in Impact, comes from Tideline, an impact investing consulting firm, and Impact Capital Managers, a network of private funds that manage more than $8 billion focusing on impact investing ...
FinDev Canada Invests $20m in Construction Equity Fund
December, 11 2018
Global - FinDev Canada has announced a $20m commitment made to Climate Investor One’s (CIO) Construction Equity Fund to support the transition to renewable energy in emerging markets, helping avoid approximately 1.2 million tons of CO2 emissions. ...
Telenor Myanmar, Experian Partner to Accelerate Financial Inclusion
December, 11 2018
Myanmar - Telenor Myanmar announced its partnership with Experian, the world leader in information services, to provide affordable, accessible and relevant financial products to Myanmar’s unbanked individuals, households and small businesses ...
36.8% of Adult Nigerians Are Financially Excluded - EFINA 2018 Survey
December, 11 2018
Nigeria - At an event attended by stakeholders in the financial services industry, regulators and other key players in the economy, the survey also showed that Nigeria has a chance to achieve the 20% exclusion rate target for adults by 2020 ...
The Microfinance Sector Consolidates Its Capability to Support Financial Inclusion in Europe
December, 11 2018
Europe - The European Microfinance Network (EMN) and the Microfinance Centre (MFC) are proud to announce the launch of the “Microfinance in Europe: Survey Report 2016-2017”. The 8th edition of the report provides an overview of the development of the sector in terms of its main institutional characteristics, microloan portfolio, and social and financial performance for the period 2016-2017 ...
India: TIAA’s Investment Arm Nuveen Invests $32 Mn in Aaviskaar
December, 11 2018
India - Impact investment firm Aavishkaar-Intellecap Group (AIG) has raised $32 million or Rs 227 crore from Nuveen, an investment management business of US-based Teachers Insurance and Annuity Association fund (TIAA). ...
E. Hachemi Aliouche: How Social Franchising Can Address Global Social Issues
December, 10 2018
Global - Poverty, malnutrition, child mortality, HIV/AIDS, homelessness, urban development, education or clean water are just some of the social, economic and environmental challenges affecting billions of people worldwide that offer opportunities for innovative social entrepreneurs and social franchisors and franchisees interested in creating businesses that deliver more than a financial return on investment ...
EFA Launches Credit Fund for Financial Institutions
December, 10 2018
Global - Private debt specialist EFA Group has launched a fund to provide credit to banks and financial institutions in developing areas of Asia and Eastern Europe ...
Mexico: ‘Light for Everyone’ - Indigenous Youth Mount a Solar-Powered Resistance
December, 10 2018
Mexico - Solar might seem like an odd investment in the rainy cloud forests of northern Puebla. But photovoltaic panels don’t need direct sun to produce power, and the panels are part of a plan hatched by these mountain communities to unhook from Mexico’s federal power company, provide their youth with meaningful employment, and reclaim control of their land and resources ...
ADB Agrees to Lend $7.5 Billions in Loans to Philippines over 3 Years
December, 10 2018
Philippines - Multilateral lender Asian Development Bank said Monday it will extend loans of up to $2.5 billion annually to the Philippines, or a total of $7.4 billion from 2019 to 2021, to support the government’s ‘Build, Build, Build’ infrastructure program ...
Incofin Helps Launch Climate Resilience Insurance for Nicaragua’s Farmers
December, 09 2018
Nicaragua - Belgian impact investor Incofin is backing Nicaraguan microfinance organizations Fundenuse and Micrédito in rolling out “event-based” insurance policies to 6,000 small farmers. The insurance product will protect farmers against destructive weather events ...
India: 59-Minute Loans - Leapfrogging MSME Lending Through Technology
December, 07 2018
India - The recent launch of the portal (psbloansin59minutes.com) can be a game changer in easing the problems of bankers in MSME lending. Conceived as a fintech platform with majority ownership of SIDBI and five other public sector banks, it has integrated nearly 120 MSME loan products of 21 public sector banks taking into account the distinct appraisal metrices of banks. ...
India: MFIs to Form Rs 650 Crore Loan Pool for Securitisation
December, 07 2018
India - Some 30-35 microfinance companies have come together to create a common loan pool of about Rs 650 crore, which will be securitised and sold to banks so as to raise funds at a time when the sector is facing a credit squeeze. ...
New Cross-European Microfinance Collaboration Announced
December, 07 2018
Europe - The Microfinance Centre, a resource centre and network uniting 112 organisations across 36 countries of Europe, Central Asia and beyond, and Responsible Finance, the voice of the Responsible Finance industry working to increase access to fair finance throughout the UK, have announced a new collaboration to increase financial inclusion and access to affordable and ethical finance ...
Mercy Corps to Launch Islamic Microfinance Institution in Ethiopia
December, 06 2018
Ethiopia - The humanitarian organisation Mercy Corps announced, in a statement published on December 4, 2018, that it commissioned the council cabinet Islamic Finance Advisory & Assurance Services (IFAAS) to prepare the launch of an Islamic microfinance institution in Ethiopia. ...
Invest in Africa's Youth Before Migration to Europe Doubles, Says UN Official
December, 05 2018
Sub-Saharan Africa - With continent’s population set to soar, agriculture chief Gilbert Houngbo stresses need to make rural life profitable. ...
Tunisia: QFF Grants $ 15 Million in Financing to Five Financial Institutions
December, 05 2018
Tunisia - The Qatar Friendship Fund (QFF) signed on Tuesday, December 4, 2018 in Tunis financing agreements for the benefit of five Tunisian financial institutions for a total amount of $ 15 million (the equivalent of 45 million dinars) ...
ADB Approves $100 Million Loan to Boost Viet Nam’s Financial Sector
December, 04 2018
Viet Nam - The Asian Development Bank (ADB) has approved a US$100 million policy-based loan to develop Việt Nam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality. ...
Philippines - CIBI: The Face of Financial Inclusion
December, 04 2018
Philippines - Finally, the Philippines has an answer to the perennial problem of access to credit that hinders growth of the micro and small enterprises. This time, access to credit is becoming more inclusive as companies and individuals’ credit worthiness are no longer weighed based on their hard assets but on their reliability as a good payor based on their credit history ...
India: Fusion Microfinance Raises Rs 5.2-Bn Funding Led by Warburg Pincus
December, 04 2018
India - This is one of the biggest equity fundraisings by an NBFC-MFI in the country and is also Warburg Pincus' first investment in the microfinance sector in India ...
Bangladesh: New Policy to Shield Farmers
December, 04 2018
Bangladesh - The central bank has taken an initiative to draw up a policy to shield farmers from high-cost farm loans disbursed by microfinance institutions (MFIs) ...
How Kenyan Women Are Changing Their Lives with a New Way to Buy Homes
December, 04 2018
Kenya - Female customers who could not afford to buy houses can now build them with a loan scheme ...
E. Littlefield: Not All Social Investment Has to Make a Market Return
December, 04 2018
Global - While she celebrates a mainstreaming of impact investment — revealed in the latest survey from the Global Impact Investing Network (GIIN) — she argues that attention must also be paid to the needs of investors who care more about social impact than financial return ...
Belize Credit Union League Partners with the IDB Lab and Global Affairs Canada to Pilot Green Microfinance Project
December, 03 2018
Belize - The Belize Credit Union League Ltd. (BCUL) has signed a project with the Inter-American Development Bank Lab (IDB Lab – formerly the Multilateral Investment Fund) to boost climate resilience of farmers and fisher-folk through green microfinance in Belize ...
Nigeria: NAICOM to Extend Bancassurance to Microfinance Banks
December, 03 2018
Nigeria - As part of efforts to increase insurance coverage, the National Insurance Commission and insurance companies are planning to extend the bancassurance strategy to the microfinance banks. Bancassurance is a method in which insurance companies sell their products through the banking channels to customers of the bank ...
The World Is My Oyster - The Birth of Blue Bonds in Seychelles
December, 03 2018
Seychelles - The oceans are a fundamental organ of the planet’s ecosystem, and this so-called blue bond is a critical step in specifically recognizing the value of marine related projects ...
World Bank Group Announces $200 billion over Five Years for Climate Action
December, 03 2018
Global - The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. ...
Philippines: Hotbed for ‘Impact Investments’
December, 03 2018
Indonesia - Macroeconomic stability, a conducive regulatory environment, an increase in local consumption and growing recognition of social enterprises as drivers of development — these factors have made the Philippines the second largest market in Southeast Asia for impact investments, or investments that seek both social impact and financial return, says a report recently published by the nonprofit Global Impact Investing Network ...
Ghana: Bailout of All Microfinance Depositors Underway
December, 01 2018
Ghana - The Government of Ghana has accepted to refund all the retail deposits made with duly licensed but now collapsed micro-finance institutions ...

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