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Press release: OPIC Commits $125 Million to Expand Access to Capital for Medium-Sized Companies in India
OPIC will contribute to a $700 million fund established by GPC to expand access to financing for growing companies in India operating in the healthcare, energy, technology, agricultural, and services sectors. By providing greater access to expansion capital, the OPIC-supported fund will help narrow the capital shortage that entrepreneurs and business owners face across India.
- Categories
- Investing
- Region
- South Asia
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Netherland’s FMO arranges US $ 50mn syndicated loan for Nations Trust Bank
This syndicated transaction is FMO’s first repeat deal for NTB, following a subordinated loan which was provided 8 years earlier to further the bank’s ambitious growth strategy.
- Categories
- Finance
- Region
- South Asia
- Tags
- banking, banks, development finance, emerging markets, LMICs, SMEs
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The Definition of Insanity: Why Repeating the Same Approach to Enterprise Support is Failing Africa’s SMEs
It’s often said that the definition of insanity is doing the same thing over and over again and expecting different results. So in a region where 84 percent of SMEs struggle to access capital, why do investors keep recycling the same failed approaches when financing African enterprises? Mercy Mangeni and Joshua Murima at Intellecap discuss what investors and entrepreneurs have done wrong – and explore some innovative ways their organization is working to make it right.
- Categories
- Entrepreneurship, Finance, Investing
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Sri Lanka, UNDP launch social impact funds to support small businesses
Sri Lankan small firms and micro enterprises whose goals include ending poverty and environmental protection will be able to get money and management support from two social impact funds with total capital of US$25 million launched Wednesday.
- Categories
- Investing
- Region
- South Asia
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Press release: Australia, UNDP, PhilDev launch mentorship for Filipino social enterprises
UNDP Philippines Country Director Titon Mitra said the partnership "will support some of the most innovative Filipino social enterprises in their early stage of business development to become sufficiently ‘bankable’ so that they can attract funding from impact investors."
- Categories
- Entrepreneurship
- Region
- Asia Pacific
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Development Bank of Nigeria to provide low interest loans to 10,000 MSMEs
A statement from the DBN said the loan is part of measures aimed at addressing the financing challenges facing MSMEs in Nigeria.
- Region
- Sub-Saharan Africa
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Alternate lending platforms are fixing India’s financial inclusion problem, becoming enablers for SME funding
Today, India's MSMEs and their business owners are finding new-age digital startups and alternate lending platforms to be the most effective institution to disperse credit.
- Region
- South Asia
- Tags
- microlending, MSMEs, small business, SMEs, startups
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India’s RBL Bank Completes Ownership of Microfinance Institution (MFI) Swadhaar Finserve with Equity Purchases from Accion, Individual Investors
For an undisclosed prices, RBL bought a 36-percent stake from US-based NGO Accion and a total of 4 percent from a group of unidentified individual investors.
- Region
- South Asia
- Tags
- Accion, banking, financial services, microfinance, MSMEs, SMEs
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