Category: Latin America

MICROCAPITAL BRIEF: FMO, Bladex Co-Arrange $100m Loan for Banco Continental Paraguay, including $47m for On-Lending to Small, Medium-Sized Enterprises

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay. Continue reading

Share

MICROCAPITAL BRIEF: VisionFund Selects BankBI’s Cloud-Based Software to Manage Microfinance Institutions in 32 Countries

VisionFund International, the microfinance arm of US-based NGO World Vision, recently selected UK-based BankBI Limited’s business intelligence and analytics software to manage its operations in 32 countries. Continue reading

Share

MICROCAPITAL BRIEF: IFC Issues Taino II Local-currency Bond, Raising $4m for Banco ADOPEM’s Microfinance Efforts in the Dominican Republic

The International Finance Corporation, the private-investment arm of the World Bank Group, recently issued its “Taino II” bond in the amount of DOP 180 million (USD 4 million), the proceeds of which will go to Banco de Ahorro y Crédito ADOPEM SA, a microfinance institution formerly known as Asociación Dominicana para el Desarrollo de la Mujer that is a member of the Spain-based Fundación BBVA Microfinanzas. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: IFC Issues Taino II Local-currency Bond, Raising $4m for Banco ADOPEM’s Microfinance Efforts in the Dominican Republic Posted in Deals, Key Players, Latin America

MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $34m to Microfinance Institutions (MFIs) in Latin America, South Asia

During July 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 34 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ecuador, India, Nicaragua, Paraguay and Sri Lanka. Continue reading

Share

MICROCAPITAL BRIEF: Symbiotics Issues Bonds Supporting SME, Rural Finance: $12m for Costa Rica’s Banco Improsa, $10m for Indonesia’s Mitra Bisnis Keluarga (MBK) Ventura, $6m for Armenia’s Armeconombank

Symbiotics Group, a Switzerland-based for-profit investment intermediary, recently informed MicroCapital that it has issued local-currency bonds Continue reading

Share

MICROCAPITAL BRIEF: Developing World Markets Closes Debt Investments Totaling $8.3m in Armenia, Colombia, India, Nicaragua

Developing World Markets (DWM), a US-based asset manager and investment bank, recently announced that it issued loans in February and March 2016 to four unidentified financial institutions serving microentrepreneurs, including a Colombian bank and non-banking financial institutions (NBFIs) in Armenia, India and Nicaragua. Continue reading

Share

MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $12m to Microfinance Institutions (MFIs) in Asia, Latin America, Tanzania

During the month of June 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 12 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Cambodia, India, Nicaragua, Peru, the Philippines, Sri Lanka and Tanzania. USD 1 million of this total was invested in Continue reading

Share

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $9.6m to Microfinance Institutions (MFIs) in Bolivia, Cambodia, Columbia, Ecuador, India, Indonesia, Paraguay, Zimbabwe

During April 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 9.6 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Bolivia, Cambodia, Columbia, Ecuador, India, Indonesia, Paraguay and Zimbabwe. USD 2 million of this total was invested in an MFI based in Phnom Penh, Cambodia, which has 181 service points and provides financial services to clients in rural regions of the country. Financial information on the organization is not available. Continue reading

Share

MICROCAPITAL BRIEF: IDB Approves $120m Loan for Chile for Factoring, Cooperatives, Leasing for MSMEs

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 120 million to the Chilean government to finance the development of micro-, small, and medium-sized enterprises (MSMEs). The loan is divided into three parts: (1) USD 50 million for factoring to “fund eligible entities that neither belong to nor are associated with banks”; (2) USD 50 million to lend to “eligible Savings and Lending Cooperatives”; and (3) USD 20 million for “eligible leasing companies that neither belong to nor are associated with a bank to help them finance MSMEs…” Factoring is a process whereby a company sells future goods or services at a discount in return for immediate cash. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: IDB Approves $120m Loan for Chile for Factoring, Cooperatives, Leasing for MSMEs Posted in Latin America

MICROCAPITAL BRIEF: Brazil’s CODEFAT Announces $1.4b Credit Line PROGER Urbano–Capital de Giro for Micro-, Small Businesses

The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, translated as Deliberative Council of the Worker Support Fund), a unit of the Brazilian government, recently announced a line of credit totalling BRL 5 billion (approximately USD 1.4 billion) to be made available as working capital for companies earning annual gross revenues of up to BRL 3.6 million (approximately USD 1 million). Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Brazil’s CODEFAT Announces $1.4b Credit Line PROGER Urbano–Capital de Giro for Micro-, Small Businesses Posted in Latin America

MICROCAPITAL BRIEF: MoneyGram, Millicom’s Tigo Money Launch Mobile Cash Service in El Salvador

MoneyGram International, a US-based money transfer company, recently partnered with Tigo Money, the primary product of the Sweden-based telecommunications company Millicom, to “launch mobile cash receiv[ing] services into more than 1 million Tigo Money mobile wallets in El Salvador.” Tigo Money is available in 17 countries in Africa and Latin America, providing mobile money services such as bill payment, money transfer, mobile phone credit top up and merchant payments. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: MoneyGram, Millicom’s Tigo Money Launch Mobile Cash Service in El Salvador Posted in Latin America

MICROFINANCE PUBLICATION ROUND-UP: Improving Financial Capability in India, Mexico; Mobile Money Usage; Post-Disaster, Post-Conflict Microfinance

A Change in Behavior: Innovations in Financial Capability;” by J. Arnold, E. Rhyne; published by the Center for Financial Inclusion at Accion, JPMorgan Chase & Co; April 2016; 47 pages; available at: https://centerforfinancialinclusionblog.files.wordpress.com/2016/04/a-change-in-behavior-final.pdf Continue reading

Share

MICROCAPITAL BRIEF: Cignifi, Equifax to Generate Credit Scores Based on Mobile Phone Usage in Latin America

Cignifi, a US-based provider of information technology, and Equifax, a US-based consumer credit reporting agency, recently announced a “multi-year partnership” to offer credit scores in Latin America. Continue reading

Share

MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $1.5m to Microfinance Institutions (MFIs) in Costa Rica, Moldova

During March 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 1.5 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Costa Rica and Moldova. Continue reading

Share

MICROCAPITAL BRIEF: Afluenta Raises $8m in Series B Equity Funding from International Finance Corporation, Elevar for Peer-to-Peer Lending in Latin America

Afluenta, an Argentina-based peer-to-peer (P2P) lending platform, recently announced it closed a series B funding round totaling USD 8 million from the International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and Elevar Equity, a “development-focused” private equity fund based in India. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf Continue reading

Share

MICROCAPITAL BRIEF: CAF Development Bank of Latin America to Promote Billetera Movil (BIM) of Asociacion de Bancos del Peru (ASBANC)

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services. Continue reading

Share