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Author: Vitas

Global Communities, Calvert Impact Capital Sign $5 Million Loan Agreement to Expand Lending in the Middle East

Global Communities recently closed a new loan agreement for $5 million with Calvert Impact Capital. The funds will be used for on-lending to Vitas Palestine to support housing lending in both Gaza and the West Bank over three years. Global Communities and Calvert Impact Capital have collaborated since 2007, when […]

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Syrian Refugees – a Viable Market for Microfinance?

By Tim Nourse Since fighting broke out in 2011, more than 1.6 million Syrians have fled to Lebanon and Jordan. While many remain vulnerable, a significant number have obtained employment, started businesses, and successfully restarted their lives. Microfinance institutions (MFI) have seen this influx and considered if and how to […]

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Bamboo Capital Partners successfully exits its investment from Vitas Group

16 October, 2017: After six years of investment, Bamboo Capital Partners (“Bamboo”), a leading impact investing private equity firm delivering social and financial value, has profitably exited from its investment in Vitas Group. The transaction was achieved through a repurchase of shares by Vitas financed through existing internal funds. Bamboo […]

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Saradar Bank SAL acquires 49% percent stake in Vitas SAL

Saradar Bank SAL announced the acquisition of a 49% percent stake in Vitas SAL (“Vitas” or the “Company”), a subsidiary of Vitas Group. Saradar Family Office SAL (“SFO”) acted as sole buy-side financial advisor to Saradar Bank. Based in Lebanon, Vitas is engaged in the provision of microfinance solutions to […]

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VITAS GROUP PUBLISHES 2016 ANNUAL REPORT

Vitas Group was created in 2006 to help unite the commercially-oriented microfinance institutions owned by Global Communities under one brand and one mission: Financing a Better World. Vitas Group’s staff around the world still worked tirelessly to bring that mission to life. Vitas Group is proud to share this 2016 […]

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Digital Financial Services: The Next Frontier For Financial Inclusion In The Middle East

BY ELISSA MCCARTER-LABORDE This article was originally published on SAIS Perspectives Elissa McCarter-LaBorde, Chief Executive Officer of Vitas Group, is Vice President of Development Finance for Global Communities, where over the last 12 years she has built the technical department that manages Global Communities’ microfinance, SME, and housing finance operations. Ms. […]

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VITAS GROUP WELCOMES DIANE SMITH

Vitas Group today announced the appointment of Diane Smith, as a new member of their Board of Directors. Diane is a seasoned private equity specialist with nearly 30 years of experience in domestic and emerging market investing and fund management, including the launching and management of several new private equity […]

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LIDER Bosnia Celebrates 15 th Anniversary

LIDER Bosnia is celebrating its 15th anniversary as a microfinance lender.  It was established by Global Communities in February 2002 to provide entrepreneurs and low income households in Bosnia with long term access to finance in an innovative and flexible way.  LIDER has grown to a portfolio of $8.3 million […]

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Global Communities: Committed to Assisting Refugees

Global Communities’ mission is to create long-lasting, positive and community-led change that improves the lives and livelihoods of vulnerable people across the globe. Today, there are few people more vulnerable than the people affected by the Syrian conflict, the displaced within Syria, the refugees across the region and beyond, and […]

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How to Tailor Your Own Business—Vitas Romania Supports Entrepreneurial Start-ups

As a child growing up in the small city Alba Iulia in Romania, Bogdan Moga dreamed of being his own boss. Now, at the young age of 27, he is fulfilling his dream. It has also been exactly 27 years since the Romanian Revolution of 1989. As a result of […]

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