All News and Announcements
Quona Capital Sinking $332M Into Startups Focused on Financial Inclusion
The firm had its final close on $332 million in capital commitments for its Fund III, which invests in companies in Latin America, India, Southeast Asia, Africa and the Middle East.
IFC Announces $50 M Loan to Caja Arequipa to Promote MSMEs in Peru
The loan will benefit more than 20,000 clients of Caja Arequipa, which will contribute to the development of the most vulnerable sectors of Peru in the context of the economic recovery after the COVID-19 pandemic.
EV Finance Company Mufin Green Raises $5.7 M From Incofin
Through this funding, the company plans to disburse income-generating loans worth INR 5,000 crore in the next five years, resulting in an overall reduction of four million tones of carbon emission, the firm said in a statement on 3 October.
Why Should WASH Matter to Impact Investors – New Publications From the e-MFP WASH Action Group
The WASH Action Group implemented a research study, the results of which e-MFP and Aqua for All are delighted to announce, are now available in three publications.
IFC’s Investment in Romania’s First Sustainability Bond to Catalyze Financial Inclusion, Support Future Resilience
The local currency-denominated senior non-preferred sustainability bonds will help the bank increase its lending to businesses investing in climate-smart initiatives—green buildings, renewable energy, energy efficiency, clean transportation, sustainable agriculture, and others.
Emerging Markets Global Advisory Limited Advises on $10M Debt Raise for Banco D-Miro
The funds will allow Banco D-Miro to continue the expansion of its microcredit lending activities in Ecuador.
Funding Societies Signs $50M Credit Facility With HSBC to Drive SME Growth in Southeast Asia
Through this new facility the fintech lender will be able to channel the funds via its range of tailored financing solutions across SME segments across all its five markets.
IFC to Invest BRL 250 Million in Tradepay FIDC to Support Expansion of Retail MSMEs in Brazil, Drive Economic Growth
The investment will help promote greater market competitiveness by bolstering competition in the micro, small and medium enterprises (MSMEs) financing market through a capital market solution.
ADB and KMF Sign $15M Loan to Expand Access to Credit for MSMEs in Kazakhstan
This loan is ADB's first intervention in Kazakhstan's financial sector in several years. It will support KMF's efforts to improve financial inclusion and contribute to Kazakhstan's recovery from the COVID-19 pandemic.
European Financing Fund for Africa Launched With First Closing of $24.1M
The second fund aims to finance African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in the continent.