Category: Latin America

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

Share

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

Share

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

Share

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

Share
Written by Comments Off on MICROCAPITAL BRIEF: National Banking and Securities Commission of Mexico Releases Financial Access Report, Finds 6m Adults Lack Access to Microfinance or Other Financial Services Posted in Latin America

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

Share
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

Share
Written by Comments Off on MICROCAPITAL EVENT: MFTransparency Hosts Conference Launching its Microfinance Transparency Pricing Initiative in Bolivia, December 2, 2010 (Date Has Been Revised) Posted in Events, Latin America, Transparency

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

Share
Written by Comments Off on MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Provides $29.1m in Guarantees Toward Brazilian Securitized Fund for SMEs Posted in Deals, Latin America

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

Share
Written by Comments Off on MICROCAPITAL BRIEF: Haitian Microfinance Institution (MFI) Fonkoze Releases 2009 Social Performance Report Posted in Key Players, Latin America

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

Share
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

Share
Written by Comments Off on MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Invests $4.31m in Microfinance Institutions (MFIs) ProCredit Mexico and Pro Mujer Posted in Deals, Latin America

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

Share
Written by Comments Off on MICROCAPITAL BRIEF: BlueOrchard Finance Loans $2.5m to Peruvian Microfinance Institution (MFI) Confianza and Ecuadorian MFI Fundacion para el Desarrollo Microempresarial (D-Miro) Posted in Investment Funds, Latin America

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

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

MICROCAPITAL BRIEF: Muhammad Yunus, Nobel Laureate and Founder of Microfinance Institution Grameen Bank, Promotes Social Business Fund Concept for Haiti

Mr Muhammad Yunus, Nobel Laureate recipient and founder of Grameen Bank, a Bangladeshi microfinance institution which popularized the concept of community lending, promoted a “social business funding” concept to address social problems in Haiti at a recent speaking engagement in Miami, Florida, USA. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Muhammad Yunus, Nobel Laureate and Founder of Microfinance Institution Grameen Bank, Promotes Social Business Fund Concept for Haiti Posted in Key Players, Latin America

MICROCAPITAL BRIEF: Freedom from Hunger Publishes Results of Four-year, Bill & Melinda Gates Foundation-funded Grant Program to Bring Combination of Microfinance and Healthcare Options to Rural Poor in Benin, Bolivia, Burkina Faso, India and the Philippines

Freedom from Hunger, a California-based international development nonprofit, recently published the results of a four-year grant program enabling the organization and partner microfinance banks to add healthcare options to microfinance offerings for 1.5 million of the world’s rural poor in Benin, Bolivia, Burkina Faso, India and the Philippines. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Freedom from Hunger Publishes Results of Four-year, Bill & Melinda Gates Foundation-funded Grant Program to Bring Combination of Microfinance and Healthcare Options to Rural Poor in Benin, Bolivia, Burkina Faso, India and the Philippines Posted in Africa, Latin America, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Supports Microfinance Institution (MFI) FinTerra in Mexico With Technical Assistance and a $1.18m Loan

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently announced that it will provide FinTerra, a Mexican microfinance institution (MFI) founded in 2004, targeted technical assistance aimed at increasing its ability to serve lower- and middle- income borrowers, as well as MXN 15 million (USD 1.18 million) in the form of a credit line. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Supports Microfinance Institution (MFI) FinTerra in Mexico With Technical Assistance and a $1.18m Loan Posted in Deals, Latin America

MICROCAPITAL BRIEF: CAF (Andean Development Corporation) Implements $5m Local-Currency Financing Program for MSME Sector in Bolivia

CAF (Andean Development Corporation) recently announced the implementation of a local-currency financing program in the amount of BOB 35 million (USD 5 million) for the micro-, small and medium-sized enterprise (MSME) sector in Bolivia, provided from CAF to support microfinance institutions with medium-term (up to three years) loans in local currency. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: CAF (Andean Development Corporation) Implements $5m Local-Currency Financing Program for MSME Sector in Bolivia Posted in Latin America

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) to Provide $5m Partial Credit Guarantee to Mexican Microfinance Institution Agrofinanzas for Supply Chain Financing

The Inter-American Development Bank (IDB), a US-based multilateral finance institution serving Latin America and the Caribbean, will be providing a partial credit guarantee of up to USD 5 million to Agrofinanzas, a Mexican microfinance institution focused on supply chain financing, to support small Mexican sunflower producers. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) to Provide $5m Partial Credit Guarantee to Mexican Microfinance Institution Agrofinanzas for Supply Chain Financing Posted in Latin America