MFIs Archive

FMO Issues Five-Year Sustainability Bond

Microfinance Focus Europe, 12 November 2013: On November 6, FMO placed its inaugural Sustainability Bond, a five-year 500 million euro RegS transaction. In a FMO press release, the Dutch development bank stated that this transaction, “verifies a commitment to environmental

BIO Loans $4 Million to FDL in Nicaragua

Microfinance Focus Europe, 31 October 2013: The Dutch Development Finance Company (BIO) has signed a $4 million senior loan contract with Fondo de Desarollo Local (FDL) in Nicaragua. The investment sends an important signal on the recovery of

FMO Announces New Management Board

Microfinance Focus Europe, 24 October 2013: On Wednesday the Dutch investment company FMO announced the composition of its new Management Board. Current Chief Investment Officer (CIO) Jurgen Rigterink will become Chief Risk & Finance Officer (CRFO). He will be replacing

EBRD Launches Online Training Program for MSMEs

Microfinance Focus Europe, 3 October 2013: The European Bank for Reconstruction and Development (EBRD) launched an online environmental and social training program. The program aims to help clients manage the environmental and social risks that come from their lending operations.

BlueOrchard to Open New Office in Georgia

Microfinance Focus Europe, 2 October, 2013: The Swiss microfinance company BlueOrchard announced last Wednesday that it will be opening a new office in Tblisi, Georgia. Already present on four continents, the expansion into the Caucusus region will allow

PlaNet Finance Offers Risk Management Tools to Asian MFIs

Microfinance Focus Europe, 1 October, 2013: PlaNet Finance, a French-based NGO, has partnered with Cambodian MFI Thaneakea Phum Cambodia (TPC) and the China Foundation of Poverty Alleviation (CFPA) to integrate the company’s new risk management system into the two Asian

Standard Chartered Bank Loans $10.7 Million to Indian MFIs

Microfinance Focus Europe, 19 September 2013: UK-based financial services company Standard Chartered Bank (SCB) loaned INR 450 million ($7.2 million) to Equitas Microfinance, a microfinance institution in Chennal, India, as well as INR 350 million ($5.5 million)

Kubaru Starts New Microfinance Partnership with Action Grace Divine

Microfinance Focus Europe, 28 August 2013: The UK microfinance charity Kubaru recently unveiled its plans to partner with Burkina Faso lender Action Grace Divine. Similar to Kiva, the Kubaru website allows small charitable loans to be given

FMO Arranges $65M Loan Agreement for Tanzanian MFI

Microfinance Focus Europe, 22 August 2013: FMO, the Netherlands Development Finance Company, has arranged a $65 million loan agreement for National Microfinance Bank PLC (NMB) in Tanzania. The agreement took place in cooperation with DEG, the German

responsAbility Loans $9.5M to Chinese MFI

Microfinance Focus Europe, 28 June 2013: Swiss company responsAbility Social Investments has disbursed a loan of CNY 60 million ($9.5 million) to Chinese MFI MicroCred Nanchong. The MFI is a member of MicroCred, based in France. Disbursed