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Grameen Koota raises Rs 27.5 cr in Round Two

Microfinance Monitor, December 9, 2009 — Grameen Koota, a division of Grameen Financial Services P. Ltd., a Bangalore-based Microfinance Institution has announced equity funding of Rs 27.5 crores on Wednesday…

FINO Raises Rs 70 Cr From HSBC, Intel, Others

Microfinance Monitor, December 09 2009 — HSBC and Intel have subscribed to the entire of Legatum Ventures stake in FINO in a secondary deal, reports VCCircle.com.…

Microfinance Fund EFSE conference focuses on Bosnia

Microfinance Monitor, December 8, 2009 — Responsible finance has come under limelight at a conference on responsible finance by KfW Entwicklungsbank (Development Bank) and the microfinance investment fund EFSE, that…

Citi, ACCION tie up in Texas generates $6M in small business loans

Microfinance Monitor, December 8, 2009 — Citi group announced on Tuesday that its partnership with ACCION Texas generated $6 million in loans to help finance small business investments.…

Banco Industrial do Brasil joins IFC program to finance SMEs

IFC has announced that Brazil's Banco Industrial do Brasil joined IFC’s Global Trade Finance Program to gain access to an extensive network of international banks, enabling it finance small and…

IFC Invests $3M in Nigeria’s AB Microfinance Bank

IFC will invest $3 million equivalent in AB Microfinance Bank Nigeria Ltd. to enable the microfinance institution to increase lending for microenterprises and low-income entrepreneurs in Nigeria.…