Posts Tagged ‘Norwegian Microfinance Initiative’

Microfinance Focus, May 13, 2010: Belstar Investment and Finance, a non-bank financial company based in Tamil Nadu, India has recently received USD 900, 000 (INR 4 crores approx) from the Frontier Fund of Norwegian Microfinance Initiative (NMI). With this investment NMI will have a seat on the Board of Directors of Belstar and will invest alongside ... Full story

Microfinance Focus, May 07, 2010: IFC, a member of the World Bank Group, announced it will invest in the first fund focused exclusively on lending to microfinance institutions in Africa, strengthening the region’s financial architecture and improving access to finance for smaller businesses. IFC will invest $8 million in the Regional Micro, Small, and Medium Enterprise Investment Fund for Sub-Saharan Africa and provide a further $5 ... Full story

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story