Category: Latin America

MICROCAPITAL BRIEF: Clinton Bush Haiti Fund (CBHF) Releases $1.5m in Grants to Microfinance Institution (MFI) Fonkoze and Gheskio of Haiti

The Clinton Bush Haiti Fund (CBHF), a disaster relief organization founded to alleviate the effects of the 2010 Haiti earthquake, has announced the release of approximately USD 1.5 million in grants to Fonkoze, a microfinance institution established in 1995 in Haiti, and Les Centres Gheskio (Gheskio), an NGO established in 1982 to fight fatal diseases in Haiti. Continue reading

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MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) and Inter-American Development Bank’s Multilateral Investment Fund Release “2010 Microfinance Americas: The Top 100”

The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, in partnership with the Multilateral Investment Fund, an investment fund administered by the Inter-American Development Bank (IDB), have recently published the “2010 Microfinance Americas: The Top 100”. Continue reading

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MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Compartamos Banco Raises $80m With Bond Issue

Compartamos Banco, a microfinance institution (MFI) based in Mexico, announced that it has raised MXN 1 billion (approximately USD 80.6 million) through the public issuance of local bank bonds (‘Certificados Bursátiles Bancarios’) in the local debt capital market. Continue reading

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MICROCAPITAL BRIEF: United States Nonprofit Global Partnerships Closes Social Investment Fund 2010, Will Invest $20m in Latin American Microfinance Institutions Over Five Years

Global Partnerships, a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it has closed Social Investment Fund 2010 (SIF 2010), its fourth social investment fund, at USD 20 million. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $3m in Microfinance Institutions (MFIs) Fondesurco of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador

responsAbility Social Investments AG (responsAbility), a social investment company based in Switzerland, reported to MicroCapital that it has provided a total equivalent to USD 3 million in debt financing to Fondesurco (Fondo de Desarrollo Regional) of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: responsAbility Social Investments Makes Debt Investments Totaling $3m in Microfinance Institutions (MFIs) Fondesurco of Peru, Fundación ESPOIR of Ecuador and Apoyo Integral of El Salvador Posted in Deals, Latin America

MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Study: Microfinance Lending in Latin America and the Caribbean Increased by 13 Percent in 2009

According to a survey conducted by the Multilateral Investment Fund (MIF), an investment fund administered by the Inter-American Development Bank (IDB), loan portfolios of microfinance institutions (MFIs) in Latin America and the Caribbean rose by 13 percent in 2009. Continue reading

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MICROCAPITAL BRIEF: Peru Remains on Top of “Global Microscope on the Microfinance Business Environment 2010” Survey by the Economist Intelligence Unit

The Economist Intelligence Unit (EIU), the business information arm of the Economist magazine, released its Global Microscope on the Microfinance Business Environment 2010 survey, placing Peru as the country that is most friendly to microfinance businesses for the third year in a row, followed by the Philippines and Bolivia. Continue reading

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MICROCAPITAL BRIEF: Online Microfinance Program Zafèn Raises $140,000 For Haiti in First Six Months of Operation

Zafèn, an online microfinance fundraising program targeting small and medium-sized business in Haiti, has reportedly raised USD 140,000 in its first six months of operation. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments AG Makes Debt Investments Totaling $1.7m in MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador. Continue reading

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MICROCAPITAL BRIEF: National Banking and Securities Commission of Mexico Releases Financial Access Report, Finds 6m Adults Lack Access to Microfinance or Other Financial Services

The National Banking and Securities Commission (CNBV, in Spanish) of Mexico recently released a report indicating that approximately 10 percent of adults in the country, or some six million people, live in municipalities that do not have any financial institutions. Continue reading

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MICROCAPITAL BRIEF: Clinton Global Initiative (CGI) Announces New Commitments; Brazilian Sitawi to Start Microcredit Fund, Lumni to Provide Student Loans

On September 23, 2010, Sitawi, a Brazilian social enterprise fund, and Lumni, a fund that helps students finance their education, announced new commitments at the annual meeting of the Clinton Global Initiative, a forum on international development founded in 2005 by former US President Bill Clinton. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Clinton Global Initiative (CGI) Announces New Commitments; Brazilian Sitawi to Start Microcredit Fund, Lumni to Provide Student Loans Posted in Events, Key Players, Latin America

MICROCAPITAL EVENT: MFTransparency Hosts Conference Launching its Microfinance Transparency Pricing Initiative in Bolivia, December 2, 2010 (Date Has Been Revised)

Event Name: Conference: Transparent Pricing Initiative in Bolivia

Event Date: December 2, 2010 (date has been revised)

Event Location: Radisson Plaza Hotel, La Paz, Bolivia Continue reading

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MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Provides $29.1m in Guarantees Toward Brazilian Securitized Fund for SMEs

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has committed to issue a BRL 50 million (USD 29.1 million) guarantee for investors in a fund that securitizes loans originated by Banco Industrial Comercial S.A. Continue reading

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MICROCAPITAL BRIEF: Haitian Microfinance Institution (MFI) Fonkoze Releases 2009 Social Performance Report

Fonkoze, a microfinance institution established in Haiti in 1994, recently announced the release of its 2009 Social Performance Report, “Accompanying Our Clients Along the Staircase out of Poverty.” Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) and OPEC Fund for International Development (OFID) Provide $40m to Argentinian Bank, Banco de Galicia y Buenos Aires, for Agribusiness Credit Line, Sustainability Projects

The International Finance Corporation (IFC), a member of the World Bank Group, and the OPEC (Organization of the Petroleum Exporting Countries) Fund for International Development (OFID), a multilateral development finance institution based in Vienna, recently announced an agreement to provide up to USD 40 million to Banco de Galicia y Buenos Aires SA (Banco Galicia), an Argentinian bank, in support of an agribusiness credit line and sustainability projects in Argentina. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) and OPEC Fund for International Development (OFID) Provide $40m to Argentinian Bank, Banco de Galicia y Buenos Aires, for Agribusiness Credit Line, Sustainability Projects Posted in Key Players, Latin America

MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Invests $4.31m in Microfinance Institutions (MFIs) ProCredit Mexico and Pro Mujer

responsAbility Social Investments AG, a Swiss microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling the equivalent of USD 4.31 million in microfinance institutions (MFIs) ProCredit Mexico and Pro Mujer, with the loan to Pro Mujer being directed to its operations in Mexico. Continue reading

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MICROCAPITAL BRIEF: BlueOrchard Finance Loans $2.5m to Peruvian Microfinance Institution (MFI) Confianza and Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro)

In August 2010, BlueOrchard Finance, a Swiss commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs),  loaned PEN 4.27 million (the equivalent of USD 1.53 million) to the Peruvian microfinance institution (MFI) Confianza, which provides loans, insurance and fund transfer services, and USD 1 million to the Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro). Continue reading

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MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa

In August 2010, BlueOrchard Finance, a Swiss based commercial microfinance intermediary which manages 6 microfinance investment vehicles (MIVs), announced that it loaned PEN 4.94 million (the equivalent of USD 1.77 million) to the Peruvian microfinance institution EDPYME Alternativa, a microfinance institution (MFI) founded in 1993. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: BlueOrchard Finance Loans $1.77m to Peruvian Microfinance Institution (MFI) EDPYME Alternativa Posted in Deals, Latin America