FMO and Advans Côte d’Ivoire signed a 5-year loan agreement to support on-lending to micro-entrepreneurs, small and medium enterprises (MSMEs) in Côte d’Ivoire, a fragile country. The loan is provided in the nation’s local currency, the West-African Franc (XOF), at the equivalent of at
In December last year Rabobank and Nxchange, launched a new service, Rabo&Crowd that provides businesses with access to a brand-new financing channel, combining a bank loan provided by Rabobank with funding from private investors. The Nxchange platform enables SMEs to attract funding by issuing
Following the previous successful funds under the Nordic Microfinance Initiative (NMI), Norfund and the other NMI investors have agreed to invest in the first closing of a new fund, NMI Fund IV. NMI Fund IV will invest in Microfinance Institutions and other institutions that
French Development Finance Institution, Proparco, has arranged a USD 30 Million senior debt facility to support dfcu Bank’s efforts to bridge the long-term financing gap for SMEs. Proparco extended financing of USD 15m alongside USD 15m from FMO (the Dutch Development Bank) to dfcu
The programme a partnership between Equity Group and Mastercard Foundation, with support of other partners offers comprehensive secondary school scholarships to bright but financially disadvantaged children. The scholarship covers tuition, books, uniform, transport costs and pocket money. The scholars will
When did you join Arise and why? I was part of the team who formed Arise and joined Arise from the outset of the company. Personally, Arise was an idea and dream which lingered in my mind for several years and to see the
Arise is pleased to announce that Erik Sandersen, Executive Vice President Financial Institutions at Norfund has been appointed to the Arise Supervisory Board. Mr Sandersen, whose tenure commenced on 1 December 2018 has an extensive investment and IT background having
