mercredi 10 août 2011

Symbiotics NewsWatch #171, 9 August 2011

Aug. 09
Citi forms microfinance partnership in Indonesia

Citi, Opic and Bank Danamon announce the closing of a $20 million term loan fund for a microfinance programme.

Source: Finance Asia

Aug. 09
India: BSFL to get Rs. 800 cr funding from investors

Five equity investors will increase their combined stake in the microfinance institution to 58% from 43%

Source: Livemint

Aug. 08
Philippines: Rural Banks Prepare for Entry of Foreign Investors 

The rural banking industry is preparing for the possible entry of foreign investors once the proposed bill of Leyte Rep. Sergio Apostol that would allow foreigners to buy a 40 percent stake in rural banks is passed into law.

Source: PhilStar

Aug. 05
Microloans give Maghreb youth economic boost 

With a high rate of unemployment across the Maghreb, young people are looking for ways to take their economic future into their own hands. Small, affordable loans, or "microcredits", give them their start.

Source: Magharebia

Aug. 03
Advans SA signs grant agreements with AFD and OeEB

Advans SA, the international venture capital company specialised in microfinance, is pleased to announce the signature of grant agreements with two renowned development finance institutions.

Source: Advans Group

Aug. 03
India: New rule may bring back private equity to MFI

A clarity in the microfinance institution (MFI) with a new Bill in place appears to have paved the way for return of private equity (PE) in the sector, almost after a year. Over the next six months, the sector is set to absorb as much as Rs 600 crore of PE investments, according to deal makers.

Source: Business Standard

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