Category: Latin America

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $6.5m to Microfinance Institutions (MFIs) in China, Panama

During January 2016, Austria’s C-Quadrat Asset Management issued loans worth the equivalent of USD 6.5 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in China and Panama. Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) Loans $11m to Banco Ademi for On-Lending to MSMEs in Dominican Republic; $139m to Caribbean Governments for Climate Finance, Energy Projects

The European Investment Bank (EIB), the long-term lending institution of the European Union (EU), recently has pledged to loan EUR 10 million (USD 10.8 million) to Banco Ademi, a banking institution in the Dominican Republic, for on-lending to micro-, small and medium-sized enterprises (MSMEs) in the country. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Investment Bank (EIB) Loans $11m to Banco Ademi for On-Lending to MSMEs in Dominican Republic; $139m to Caribbean Governments for Climate Finance, Energy Projects Posted in Deals, Latin America

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Banco de Ahorro y Crédito ADOPEM for On-lending to Microentrepreneurs in Dominican Republic

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it will loan DOP 450 million (approximately USD 10 million) to Banco de Ahorro y Crédito ADOPEM, a microfinance institution (MFI) in the Dominican Republic that was formerly known as Asociación Dominicana para el Desarrollo de la Mujer. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Banco de Ahorro y Crédito ADOPEM for On-lending to Microentrepreneurs in Dominican Republic Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: Babyloan, Total Partner to Develop Crowdfunding Platform to Offer Microfinance for Solar Energy Equipment in Africa, Asia, Latin America

Babyloan, a French online microfinance intermediary that works in both developed and developing countries, and Total, a French energy company, recently announced plans to develop a joint crowdfunding platform that will seek to “accelerate access to energy” in Africa, Asia and Latin America. Continue reading

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SPECIAL REPORT: Serving Youth: Back-to-School Savings Promotions, Lower Loan Portfolio-at-Risk (PAR) Ratios

European Microfinance WeekOn Friday, during the final day of European Microfinance Week, Ata Cisse of the UN Capital Development Fund (UNCDF) explained how that organization’s YouthStart program, which was launched in 2010 in partnership with The MasterCard Foundation of Canada, facilitated microfinance institutions (MFIs) in Africa collecting deposits equivalent to USD 16 million through 2014 from 600,000 youth, roughly evenly divided between young men and women. Continue reading

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MICROCAPITAL BRIEF: IFC Syndicates $135m Loan to Agribusiness Company Vicentin of Argentina

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will syndicate a loan of USD 135 million to Vicentin, an Argentinian agribusiness company, to support its export business. Continue reading

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MICROCAPITAL BRIEF: Ecuador Reviews Initial Results of Government-Owned Mobile Money System (Sistema de Dinero Electrónico); Aims to Promote Financial Inclusion, Reduce Transaction Costs

Earlier this year, the government of Ecuador launched Sistema de Dinero Electrónico, a government-owned digital cash system that allows individuals to exchange cash for digital money, which can be stored on mobile phones to pay for goods and services such as taxi fares. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Ecuador Reviews Initial Results of Government-Owned Mobile Money System (Sistema de Dinero Electrónico); Aims to Promote Financial Inclusion, Reduce Transaction Costs Posted in Latin America, Mobile Money

MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 17th Annual Inter-American MicroEnterprise Forum (Foromic), October 26-28, 2015, Santiago, Chile

Event Name: Foromic 2015: The Future of Financial Inclusion Forum

Event Date: October 26-28, 2015

Event Location: CasaPiedra Convention Center, Santiago, Chile Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 17th Annual Inter-American MicroEnterprise Forum (Foromic), October 26-28, 2015, Santiago, Chile Posted in Events, Latin America

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations Posted in Deals, Latin America

MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Loan $7m to Microfinance Institutions (MFIs) in Cambodia, Ecuador, Nicaragua, Nigeria, India

During August 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Cambodia, Ecuador, Nicaragua, Nigeria and India. Continue reading

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MICROCAPITAL BRIEF: Peru Enacts National Financial Inclusion Strategy

The government of Peru recently enacted a National Financial Inclusion Strategy (NFIS) after consultation with the World Bank Group (WBG), a multilateral development organization that aims to improve living standards in developing countries. Continue reading

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MICROCAPITAL BRIEF: United Nations Announces Goals of “2030 Agenda for Sustainable Development”

The United Nations recently released the final version of, “Transforming Our World: The 2030 Agenda for Sustainable Development,” highlighting 17 sustainable development goals (SDGs) with 169 associated targets intended to eradicate poverty by the year 2030. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Mobile Financial Services in Latin America & the Caribbean: State of Play, Commercial Models, and Regulatory Approaches”

Published by the Global System for Mobile Association; May 2015; 29 pages; available at: http://www.gsma.com/mobilefordevelopment/mobile-financial-services-in-lac

This report, published by the London-based Global Systems for Mobile Association (GSMA), provides an overview of the state of mobile financial services in Latin America and the Caribbean (LAC). Continue reading

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Written by Comments Off on MICROFINANCE PAPER WRAP-UP: “Mobile Financial Services in Latin America & the Caribbean: State of Play, Commercial Models, and Regulatory Approaches” Posted in Latin America, Mobile Money

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it will disburse a loan of USD 10 million to Hattha Kaksekar Limited (HKL), a microfinance institution (MFI) in Cambodia. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $10m to Cambodia’s Microfinance Institution (MFI) Hattha Kaksekar for On-lending to Small, Medium-sized Rural Enterprise Posted in Deals, Investment Funds, Latin America

MICROCAPITAL BRIEF: C-Quadrat Asset Management’s Vision Microfinance Funds Issue $5.5m in Credits to Microfinance Institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia, Nicaragua

During July 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth USD 6 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Bolivia, Ecuador, El Salvador, Georgia, India, Mongolia and Nicaragua. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues $26m in Bonds for Coopeservidores Cooperative of Costa Rica; Fusion Microfinance, Suryoday of India

Symbiotics, a Switzerland-based for-profit investment intermediary, recently issued bonds for Coopeservidores, a Costa Rican savings and credit cooperative, in the amount of USD 12.5 million; Fusion Microfinance, an Indian microfinance institution (MFI), in the amount of USD 7 million; and Suryoday Microfinance Private Limited (Suryoday), another Indian MFI, in the amount of USD 6.8 million. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $13m Bond Issuance of Mexican Microfinance Institution (MFI) Consorcio de Asistencia al Microemprendedor (CAMESA)

Consorcio de Asistencia al Microemprendedor (CAMESA), a Mexico-based, deposit-taking microfinance institution (MFI), recently raised MXN 200 million (USD 13 million) through its first bond issuance to support the expansion of its lending services. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $13m Bond Issuance of Mexican Microfinance Institution (MFI) Consorcio de Asistencia al Microemprendedor (CAMESA) Posted in Latin America

MICROCAPITAL BRIEF: DEG, FMO, Triodos to Invest Debt in Promerica of Nicaragua

Two microfinance investment vehicles, Triodos Microfinance Fund and Triodos Fair Share Fund, recently made a debt investment of unspecified amount in Promerica Financial Corporation (Promerica Group), a commercial bank based in Nicaragua. Triodos Investment Management, a subsidiary of Triodos Bank of the Netherlands, manages both funds. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch development bank; and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a German development bank, also participated in the investment with unspecified amounts of debt finance. Continue reading

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