Category: Latin America

MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Financiera Independencia Closes $41m Acquisition of Financiera Finsol

Financiera Independencia, a Mexican microfinance institution (MFI) that focuses on urban lending to individuals, has closed an MXP 530 million (USD 41 million) deal to acquire Financiera Finsol, a Mexican MFI that focuses on group lending in rural areas, and three related entities: Finsol Vida, an insurance broker; Finsol, a service company; and Instituto Finsol Brazil, an MFI in Brazil. Continue reading

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MICROCAPITAL BRIEF: Newsweek Article Examines Importance of Microfinance Institutions (MFIs) in Post-Disaster Environments

A recent article in US-based Newsweek magazine entitled ‘Big Crisis, Small Help’ examines the importance of microfinance institutions (MFIs) in mitigating crises in post-disaster environments. Continue reading

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MICROCAPITAL BRIEF: Global Partnerships, a Nonprofit Microfinance Investment Vehicle, Announces Expansion to Mexico Through $500,000 Loan to Fundación Realidad (FRAC), a Nonprofit Microfinance Institution (MFI), That Took Place in October of 2009

Global Partnerships, a non-governmental organization (NGO) that supports microfinance institutions (MFIs) in Latin America, has announced its expansion to Mexico through a USD 500,000 loan made to Fundación Realidad (FRAC), a nonprofit MFI located in Mexico. Continue reading

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MICROCAPITAL BRIEF: Existing Government Payment Programs Could Bring More Rural Poor Into Financial System, According to Report by CGAP (Consultative Group to Assist the Poor) and Department for International Development (DFID)

According to a new report from CGAP (Consultative Group to Assist the Poor) and the U.K.’s Department for International Development (DFID) entitled, ‘Banking the Poor via G2P Payments,’ existing government payment programs could bring many more poor people into the formal financial services system. Continue reading

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MICROCAPITAL BRIEF: Microfinance Association (MA) Launches Global Academy Program (GAP), Seeks Internship Sites for Students

The Microfinance Association (MA), an international membership organization for practitioners in the microfinance industry, has launched its Global Academy Program (GAP). Continue reading

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MICROCAPITAL BRIEF: Major League Baseball Players Association (MLBPA) Pledges $100k to Esperanza International for Microfinance Efforts in Haiti

The Major League Baseball Players Association (MLBPA), the trade union of United States Major League Baseball players, recently pledged USD 100,000 to Esperanza International, an organization that aims to alleviate poverty with social programs and microcredit, to aid in the reconstruction of Haiti. The donation will come from the MLBPA’s Players Trust, a fund created by the MLBPA. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $2.5m in Mexican Company Mi Tienda to Support Microfinance for Micro, Small, and Medium-Sized Enterprises (MSMEs)

The International Finance Company (IFC), the investment arm of the World Bank, has signed a long-term agreement with Mexico’s Sistema Integral de Abasto Rural, known as Mi Tienda, to help the distribution center expand its operations to provide owners of micro, small, and medium-sized enterprises (MSMEs) with microcredit, insurance, and other financial services. IFC has agreed to provide USD 2.5 million in equity financing to support the expansion. Continue reading

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MICROCAPITAL BRIEF: US Government Facilitates $2m Cash Transfer to Haitian Microfinance Institution (MFI) Fonkoze

The US government has facilitated a USD 2 million transfer in reserves from City National Bank of New Jersey (CNB) to 34 branches of Fonkoze, a Haitian microfinance institution (MFI) that had been running low on cash since the January 12 earthquake. Continue reading

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MICROCAPITAL EVENT: Mobile Money Transfer (MMT) Americas Conference and Expo, March 8 – March 11, 2010, Cancun, Mexico

Event Name: Mobile Money Transfer (MMT) Americas Conference and Expo

Event Date: March 8 – March 11, 2010

Event Location: Cancun, Mexico

Event Website: http://www.mobile-money-transfer.com/americas

See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events Continue reading

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MICROCAPITAL BRIEF: Mr Richard Rosenberg of CGAP (Consultative Group to Assist the Poor) Examines Effectiveness of Microcredit as Doubts Grow

In a recently published article by CGAP (Consultative Group to Assist the Poor) entitled, ‘Does Microcredit Really Help Poor People,’ Mr Richard Rosenberg examines the scrutiny surrounding the effectiveness of microcredit in alleviating poverty. Continue reading

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