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Friday, January 27, 2012

MICROCAPITAL BRIEF: Opportunity International Receives Grant from Credit Suisse to Expand Electronic Financial Services, Train Personnel in Africa and Latin America

Opportunity International, a US-based nonprofit organization with a focus on microfinance, has received a three-year grant of unspecified size from Credit Suisse’s Microfinance Capacity Building Initiative, a Credit Suisse program that aims to contribute to the strengthening of microfinance institutions. Continue Reading »



Tuesday, January 24, 2012

MICROFINANCE EVENT: “Mobile Money: Connected Americas” to be held in Mexico City, March 26 – March 29, 2012

Event Name: Mobile Money Americas 2012

Event Date: March 26 – March 29, 2012

Event Location: Mexico City, Mexico Continue Reading »



Saturday, January 21, 2012

MICROCAPITAL BRIEF: Banorte, Rev Worldwide Announce Launch of Microfinance Program Offering Mobile Payments, MasterCard Services in Mexico

Mexican bank Banorte, with total assets at USD 47.6 billion as of 2010, has partnered with Rev Worldwide, a Texas-based payment solutions company, to launch a mobile-phone-based financial services program called MiFon. Continue Reading »



Monday, January 16, 2012

MICROCAPITAL BRIEF: FMO of the Netherlands to Loan $10m to Microfinance Institution Vision Banco of Paraguay for On-Lending to Micro- and Small Enterprises

The Netherlands Development Finance Company (FMO in Dutch), a public-private partnership, has signed an agreement to loan the equivalent of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay [1]. Continue Reading »



Friday, January 13, 2012

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases 2010 Latin America & the Caribbean Regional Snapshot

The Microfinance Information Exchange (MIX), a US-based nonprofit organization that publishes financial and social performance information from microfinance stakeholders, recently released an analysis of microfinance institutions (MFIs) in Latin America and the Caribbean based on 2010 data. Continue Reading »



Thursday, January 12, 2012

MICROCAPITAL BRIEF: Insurer Mongeral Aegon, Microfinance Institution Finsol Team Up to Sell Microinsurance in Brazil

Brazilian insurance company Mongeral Aegon reportedly has partnered with microfinance institution Finsol to begin selling microinsurance policies in January 2012 [1]. Continue Reading »



Friday, January 6, 2012

MICROCAPITAL BRIEF: Omtrix Raises $35m for New Higher Education Finance Fund (HEFF), Loans to be Distributed via Microfinance Institutions

Omtrix, a Costa Rica-based fund manager and financial consulting firm, has announced the launch of the Higher Education Finance Fund (HEFF), a student loan financing fund to promote and finance higher education opportunities for low-income youth in Bolivia, the Dominican Republic, Guatemala, Honduras, Paraguay and Peru. Continue Reading »



Wednesday, December 28, 2011

MICROCAPITAL BRIEF: Peruvian Microfinance Institutions Have Received $158m from Spain Since 1998

Since 1998, Peru has received a total of around EUR 121 million (USD 158 million) from the Spanish government’s Microcredit Fund (FCM in Spanish). Continue Reading »



Monday, December 26, 2011

MICROCAPITAL BRIEF: World Bank Approves $100m Loan to Facilitate Implementation of “Financial Consolidation and Inclusion Project” in Mexico

The World Bank’s (WB’s) Board of Directors recently approved a loan of USD 100 million to support the “Financial Consolidation and Inclusion Project” in Mexico. Continue Reading »



Tuesday, December 20, 2011

MICROCAPITAL BRIEF: Mexico to Offer Insurance, Bank Accounts to 6m Families Via Oportunidades Public Benefit Program

President Felipe Calderon, the President of Mexico, recently announced that the 6 million families that are currently participating in Mexico’s public benefit program Oportunidades will be offered bank accounts with prepaid debit cards and the option to purchase life insurance. Continue Reading »



Wednesday, December 14, 2011

MICROCAPITAL BRIEF: Incofin Lends $6m to Microfinance Institutions Vision Banco of Paraguay, Lazika Capital of Georgia, Credit Mongol of Mongolia, Forus Bank of Russia

Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs): USD 3 million to Vision Banco of Paraguay, USD 1 million to Lazika Capital of Georgia, USD 1 million to Credit Mongol LLC of Mongolia and USD 1 million to Forus Bank of Russia [1, 2, 3, 4]. Continue Reading »



Tuesday, December 13, 2011

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $50m Loan to Expand Access to Microcredit in Ecuador

The Inter-American Development Bank (IDB), a US-based multilateral finance institution, has approved a USD 50 million loan to expand access to microcredit in Ecuador, particularly among low-income women. Continue Reading »



Friday, December 9, 2011

MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU) to Expand Financial Services in Colombia with $2.5m Program

The World Council of Credit Unions (WOCCU), a US-based membership organization representing 41 country-level credit union trade groups, will expand financial services in remote areas of Colombia with a USD 2.5 million program that will employ mobile technology in an effort to bring financial services to 100,000 previously unbanked people in rural and low-income communities throughout the country. Continue Reading »



Friday, December 9, 2011

MICROCAPITAL BRIEF: responsAbility Lends $6.2m to Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Lift Above Poverty Organisation (LAPO) of Nigeria

Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria. Continue Reading »



Wednesday, December 7, 2011

MICROCAPITAL BRIEF: MasterCard Worldwide Grants $540k to Grameen Foundation to Launch Mobile Agricultural Data Service in Colombia

MasterCard Worldwide, a Canadian global payments and technology company, recently disbursed USD 540,000 grant to the US-based nonprofit Grameen Foundation to launch mobile services that will provide agricultural and financial information to farmers in the cities of Urabá and Santa Marta, Colombia. Continue Reading »



Tuesday, December 6, 2011

MICROCAPITAL BRIEF: Working Capital for Community Needs (WCCN) Loans $1.2m to Microfinance Operations of Pro Mujer in Nicaragua, Peru

Working Capital for Community Needs Incorporated (WCCN), a US-based nonprofit, has loaned the equivalent of USD 1.2 million in local currency to support the operations of microfinance institution (MFI) Pro Mujer in Nicaragua and Peru. Continue Reading »



Sunday, December 4, 2011

MICROCAPITAL BRIEF: In Panama,Fundación BBVA Microfinanzas and Autoridad de la Micro, Pequeña y Mediana Empresa (AMPYME) Promote Microfinance

Fundación BBVA Microfinanzas (BBVA Microfinance Foundation), a Spanish nonprofit with operations in six western hemisphere countries, and Autoridad de la Micro, Pequeña y Mediana Empresa (AMPYME), an institution of the Republic of Panama, have signed a public-private alliance to jointly manage microfinance in Panama. Continue Reading »



Friday, December 2, 2011

MICROCAPITAL BRIEF: Vision’s Dual Return Fund Loans $6.2m to Microfinance Institutions in Latin America, Africa, Central Asia

Absolute Portfolio Management GmbH, an Austrian investment company, has reported that the Dual Return Fund – Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, loaned the equivalent of USD 2 million to KazMicroFinance of Khazakstan and the equivalent of USD 4.2 million to unnamed microfinance institutions (MFIs) in Kyrgyzstan, Ecuador, Uruguay and Benin. Continue Reading »