Latin America | MicroCapital
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    Our pdf newspaper includes you everything you need to know about microfinance news, research, events and key players.

  • Supporters

» Currently browsing: Latin America


Monday, April 21, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC), IFC Capitalization Fund Invest $15m in Subordinated Debt in Nicaragua-based Banco de Finanzas (BDF)

The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced a USD 15 million subordinated bond investment in Banco de Finanzas, a Nicaragua-based commercial bank that is a wholly-owned subsidiary of Panama-based bank holding company Grupo Banco de Finanzas. Continue Reading »

Share


Wednesday, April 16, 2014

MICROCAPITAL BRIEF: Citi Replicates Mobile Collect Fund Transfer Service in China, India

Citi Asia, a subsidiary of US-based Citigroup that provides banking and card services to retail customers and small and medium-sized enterprises (SMEs) in Asia, recently launched Citi Mobile Collect, a mobile payment platform that enables customers to complete fund transfers via mobile phones, in China and India. Continue Reading »

Share


Monday, April 14, 2014

MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Loans $6m to Peruvian Credit Unions Cooperativa de Ahorro y Crédito Abaco, Fortalecer

The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB), has disbursed loans to Peruvian credit unions Cooperativa de Ahorro y Crédito Abaco and Fortalecer to expand financial services via intermediaries, including other credit unions, private firms and non-governmental organizations (NGOs) that provide retail lending to rural clients. Continue Reading »

Share


Monday, April 7, 2014

MICROCAPITAL BRIEF: Incofin Investment Management’s Rural Impulse Fund (RIF) Acquires 15% Equity Stake in Financiera El Comercio (FIELCO) From Accion Gateway Fund

Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM), recently announced that it has acquired a 15.3-percent stake in Financiera El Comercio (FIELCO), a microfinance institution focused on rural and agricultural markets in Paraguay. Continue Reading »

Share


Tuesday, April 1, 2014

MICROFINANCE PAPER WRAP-UP: “Water, Sanitation and Microfinance Toolkit 1: Introduction to Opportunities in Water, Sanitation and Hygiene Finance,” Published by Water.org, MicroSave

“Water, Sanitation and Microfinance Toolkit 1: Introduction to Opportunities in Water, Sanitation and Hygiene Finance;” published by Water.org and MicroSave, 2013, 75 pages, available at http://www.washmicrofinance.org/

Water insecurity and unhygienic sanitation practices pose significant health and financial risks in the developing world. Continue Reading »

Share


Tuesday, April 1, 2014

MICROCAPITAL BRIEF: US-based TriLinc Global Impact Fund Invests in Small, Medium-Sized Enterprises (SMEs) in Brazil, Chile, Indonesia, Peru

TriLinc Global Impact Fund (TriLinc), a US-based private investor in companies that it deems to contribute positively to socioeconomic development in emerging economies, recently disbursed a total of USD 5.7 million in loans through a series of investments in unspecified small and medium-sized enterprises (SMEs) in Brazil, Chile, Indonesia and Peru. Continue Reading »

Share


Monday, March 31, 2014

MICROCAPITAL BRIEF: Germany’s Kreditech Raises $15m in Debt from Kreos Capital for Lending in Eurasia, Latin America

Kreditech, a German technology company that uses an online platform to assess the creditworthiness of loan applicants, recently announced that it has raised USD 15 million in debt financing from UK-based venture capital firm Kreos Capital (Kreos). Continue Reading »

Share


Sunday, March 30, 2014

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) to Create $30m Credit Line for Retail Lenders to Support Micro-, Small, Medium-Sized Enterprises (MSMEs) in the Dominican Republic

The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic development in Latin America and the Caribbean, recently announced that it will create a USD 30 million credit fund that retail lenders in the Dominican Republic can access to expand financing deemed “medium- and long-term” to micro-, small and medium-sized enterprises (MSMEs). Continue Reading »

Share


Wednesday, March 26, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Help Guyana Bank for Trade and Industry (GBTI) Improve Risk Management for Small, Medium-Enterprises (SMEs) in Guyana

The Guyana Bank for Trade and Industry (GBTI), a commercial bank in Guyana, recently signed an agreement with the International Financial Corporation (IFC), a member of the US-based World Bank Group, to take part in a two-year financial risk management advisory project. Continue Reading »

Share


Tuesday, March 25, 2014

MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Donates $150k to Caribbean Information & Credit Rating Services (CariCRIS) of Trinidad and Tobago to Support Small, Medium-sized Enterprises (SMEs)

The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank, has approved a grant of USD 150,000 to the Caribbean Information & Credit Rating Services (CariCRIS) of Trinidad and Tobago to provide services including the creation of credit ratings for 60 small and medium-sized enterprises (SMEs) in the Caribbean. Continue Reading »

Share


Tuesday, March 25, 2014

MICROCAPITAL BRIEF: Peru-based Financiera Edyficar’s Acquisition of 61% Stake in Mibanco Receives Regulatory Approval

Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian holding company Creditcorp, has received regulatory approval from the Peruvian Superintendency of Banks, Insurance and Pension Funds, the financial sector regulator in the country, for its proposed USD 179 million acquisition of a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). Continue Reading »

Share


Monday, March 24, 2014

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund Invests $170m in Banco CorpBanca Colombia

The International Finance Corporation (IFC) Capitalization Fund, an investment fund managed by an arm of the World Bank Group’s IFC, has announced a USD 170 million subordinated bond investment in Banco CorpBanca Colombia (CBC), a subsidiary of CorpBanca, a Chile-based commercial bank that is a subsidiary of Brazil’s Itau Unibanco. Continue Reading »

Share


Monday, March 24, 2014

MICROFINANCE EVENT: Dvk to Host “5th Annual Impact Conference at Sustainatopia 2014,” April 16 – 18, 2014, Miami Beach, Florida, USA

Event Name: 5th Annual Impact Conference at Sustainatopia 2014

Event Date: April 16 – 18, 2014

Event Location: Miami Beach Convention Center, Miami Beach, Florida, USA Continue Reading »

Share


Thursday, March 20, 2014

MICROCAPITAL BRIEF: Government of Jamaica Introduces SIPP Registry of Collateral, “Super Form” for Business Registration to Support Micro-, Small, Medium-Sized Enterprises (MSMEs)

The government of Jamaica has initiated the implementation of the Security Interests in Personal Property (SIPP) Registry to facilitate financial access for micro-, small and medium-sized enterprises (MSMEs) by supporting the use of non-real estate assets, including movable items, as collateral [1][2]. Continue Reading »

Share


Tuesday, March 18, 2014

MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia

The Facility for Sustainable Entrepreneurship and Food Security (FDOV), a facility of the Dutch Ministry of Foreign Affairs, has granted an undisclosed amount of funds to Swiss commodity trading company Ecom Agroindustrial to fund a pilot-lending program for small-scale farmers in Colombia to be carried out in mid-2014. Continue Reading »

Share


Monday, March 17, 2014

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue Reading »

Share


Tuesday, March 4, 2014

MICROCAPITAL BRIEF: Orange, Banco Popular Dominicano Launch M-Peso Mobile Payment Service in the Dominican Republic

Orange Dominicana, subsidiary of Orange of France that offers prepaid mobile services in the Dominican Republic, and Banco Popular Dominicano, a commercial bank in the Dominican Republic, reportedly have launched the M-Peso mobile wallet and payment service in the Dominican Republic.  Continue Reading »

Share


Tuesday, February 25, 2014

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), MasterCard Partner to Support Financial Inclusion, Transparency in Latin America, Caribbean

The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) [1]. Continue Reading »

Share