The government previously allocated NGN 2.3 trillion (USD 6 billion) to pandemic relief efforts, including microfinance and other programs.
These loans are intended to support 9,100 people, 90 percent of whom are women, whose livelihoods have been threatened by the effects of the COVID-19 pandemic.
AFD loans $356M to IFAD to assist rural farmers in developing sustainable agriculture, accessing microfinance, fighting hunger, responding to climate change, enduring COVID-19 pandemic.
Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance
The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”
EIB Lends $12M to Credo Bank for Microfinance in Rural Georgia to Offset Effects of COVID-19 on Food Production
Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.
Brighter Investment Investor Relations Manager Belinda Kuglenu argues that although school closures, rising unemployment rates and falling wages may result in delayed distributions to investors, the outlook for "long-term returns remain strong."
Thailand-Based Thitikorn Buying Microfinance Institution Myanmar Financial International Limited (MFIL)
Thai consumer finance firm Thitikorn recently secured agreement from the shareholders of Myanmar Financial International Limited (MFIL), a microfinance provider in Myanmar, to buy the company for no less than two times its audited book value.