All News and Announcements
Evocabank Raises $7.5 Million From Symbiotics
Attracted financial means will be directed towards the development of micro, small and medium-sized businesses in Armenia.
IFC Makes Debt Investment in Microfinance Entity CreditAccess Grameen
The proceeds will be used towards expanding the company’s portfolio to female borrowers for income generation purposes, specifically in the low-income or rural areas of India.
ABC Fund Lends $3M to Finamiga to Fund 5K Vehicle, Agricultural Loans for Women in Colombia
Finamiga plans to use the wholesale loan to fund 4,000 retail agricultural loans and 1,000 motorcycle loans.
IFC Supports Sustainable Bond Issued by GF Mega to Boost SME´s Growth in Mexico
A new investment will help increase access to finance for small businesses, especially women-owned firms, while promoting sustainable projects in Mexico.
ABC Fund Provides $3M to Microfinance Lending Initiatives in Colombia
The lending brings the Fund’s total number of investments to 23 firms globally, as it continues its goal to enhance the everyday lives and livelihoods of smallholder farmers while increasing opportunities for women and younger individuals.
ADA to Promote Financial Inclusion in Niger via Improved Product Design, Supervision, Funding Framework
The initiative is part of a larger LuxDev effort in Niger that has a total budget of EUR 145 million (USD 156 million).
Catalyst Fund to Incubate Six "Inclusive" Fintechs Serving Africa, Latin America
Catalyst will provide each firm with an investment as large as GBP 80,000 ($105,000) and arrange non-financial support from the staff of BFA and various partner investment and consulting firms.
Nepal: World Bank Provides $150M to Strengthen Country's Financial Sector
The credit aims to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal's green, resilient, and inclusive development.
Global Development Finance Coalition Commits Over $5.5 B for Micro, Small & Medium Enterprises (MSME) Financing in Africa
The coalition said it had exceeded its initial target by 40 percent, while development finance institutions jointly committed over $5.55 billion of financing of MSMEs in Africa over the period.
U GRO Capital Impact Financing Gets Endorsement From responsAbility
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.