Displaying 1 - 10 of 36
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Global Microfinance Recovery Continues, Especially in Africa, but Pandemic’s Long-term Impact Remains Uncertain

Microfinance institutions (MFIs) are starting to recover, particularly in Africa, and some have managed the crisis better than expected so far. However, the recovery remains fragile.

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Microfinance Institutions Maintain Rebound, but Solvency Questions Loom

The latest Symbiotics indicators show that, as of October 2020, microfinance institutions (MFIs) remain resilient and have managed to stop the negative trends reported in the first half of 2020.

News

Symbiotics Launches First 100% Agricultural Green Bond in India with Samunnati

Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.

News

FMO Invests $10 Million in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA)

REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa, has attracted a further $10 million from Dutch-based entrepreneurial development bank FMO.

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SME Finance Loans for Growth Impact Report 2020

This report shows how small and medium enterprises (SMEs) in emerging and frontier markets benefit from access to finance, as well as how they were affected by the COVID-19 pandemic in 2020.

News

Final Report on SME Finance Loans for Growth Impact Showcases the Results of a Four-Year Collaboration Between Symbiotics, UBS and SECO

The fourth and final SME Finance Loans for Growth (LFG) impact report shows how SMEs in emerging and frontier markets benefit from access to finance, as well as how they were affected by the COVID-19 pandemic in 2020.

News

Symbiotics Arranges a Sustainability Bond in Armenia With AraratBank for $14.5 Million

Microenterprises and SMEs will benefit from the Social loans to encourage employment creation and business activity in the country.

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Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M

The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country.

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Resilient Microfinance Industry Signals Path Toward Cautious, Gradual Recovery

This snapshot is part of a series published by CGAP and Symbiotics, offering regular updates on how COVID-19 is affecting the microfinance sector’s portfolio quality, financial health, and ability to serve excluded clients.

News

IFU and Symbiotics Provide $22.5M in Financing to Develop Financial Inclusion in Africa Through a Multi-Currency Bond

The main impact objective of this investment is to foster development in Africa through employment and income creation.