Category: Latin America

MICROCAPITAL BRIEF: U’yo’olché, Fondo Mexicano para la Conservación de la Naturaleza (FMCN) Look to Carbon Credits to Finance Improved Cook Stoves to Reduce Emissions, Improve Living Standards, Promote Women’s Rights in Rural Mexico

U’yo’olché, a Mexican environmental non-governmental organization (NGO), and Fondo Mexicano para la Conservación de la Naturaleza, A.C. (FMCN), a nonprofit funder of environmental efforts, are leading an initiative to provide improved cook stoves to families in rural areas of southern Mexico with the aim of reducing wood consumption, eliminating hazardous household smoke, decreasing the risk of accidents, minimizing household expenses and promoting women’s empowerment. Continue reading

Share

MICROCAPITAL BRIEF: IFC to Advise La Nacional of the Dominican Republic on Strengthening Risk Management, Corporate Governance

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced a cooperation agreement with Asociacion La Nacional de Ahorros y Préstamos (La Nacional), a financial institution in the Dominican Republic, to strengthen La Nacional’s risk management and corporate governance practices in an effort to improve its service to its low-income and small and medium-sized enterprise (SME) clients. Continue reading

Share

MICROFINANCE PAPER WRAP-UP: “Incentives for the Introduction of Agents in Colombia by Banca de las Oportunidades;” by Marulanda Consultores, published by CGAP (Consultative Group to Assist the Poor)

By Marulanda Consultores; published by CGAP (Consultative Group to Assist the Poor); February 2013; 32 pages; available at: http://www.cgap.org/sites/default/files/colombia_agent_subsidy_english.pdf

This report analyzes a set of incentives offered by Banca de las Oportunidades, a government organization in Colombia that aims to increase financial access, to expand networks of “non-banking correspondents” (NBCs) to reach unbanked areas. Continue reading

Share

MICROCAPITAL BRIEF: responsAbility Loans $8m to Banco Pichincha of Ecuador

ResponsAbility Social Investments, a Swiss investment company, has notified MicroCapital that it recently disbursed loans totaling USD 8 million to Banco Pichincha of Ecuador, a commercial bank that offers financial services to corporations; retailers; and micro-, small and medium-sized enterprises. Continue reading

Share

MICROCAPITAL BRIEF: Multilateral Investment Fund to Invest $5.8 million in Equity in Nxtp Labs of Argentina to Support Technology Start-Ups in Latin America

The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) Group, recently approved a USD 5 million equity investment and USD 750,000 in technical assistance for Nxtp Labs, an Argentina-based company that provides seed funding for entrepreneurs in Latin America seeking to establish technology-based businesses in exchange for an equity stake worth between two and ten percent. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Global Mobile Money Adoption Survey, Eye Care for El Salvador’s “Base of the Pyramid,” Financial Needs in Rwanda

“State of the Industry: Results from the 2012 Mobile Money Adoption Survey;” by Claire Penicuad; published by Global System for Mobile Communications Association’s (GSMA’s) Mobile Money for the Unbanked program; 2012; 36 pages; available at http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/MMU_State_of_industry.pdf

This report presents the results of the Global Mobile Money Adoption Survey, launched by GSMA’s Mobile Money for the Unbanked program “to allow mobile money service providers to benchmark their performance against their peers in the industry.” Continue reading

Share

MICROCAPITAL BRIEF: Caja Rural de Ahorro y Credito (CRAC) Nuestra Gente of Peru Now Controlled by Fundacion Microfinannzas BBVA, to be Merged into Financiera Confianza

The Peruvian Superintendency of Banking, Insurance and Pension Fund Administrators (known as SBS in Spanish) recently approved the merger of two Peruvian microfinance institutions (MFIs) via the absorption of Caja Rural de Ahorro y Credito (CRAC) Nuestra Gente by Financiera Confianza. Continue reading

Share

MICROCAPITAL BRIEF: International Finance Corporation, Central Bank of Belize to Establish Credit-Reporting System

The International Finance Corporation (IFC), the commercial arm of the US-based World Bank Group, is working with the Central Bank of Belize, the country’s financial regulatory body, to launch a credit-reporting system that will allow financial institutions to exchange credit information. Continue reading

Share

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Netherlands’ Ministry of Foreign Affairs Partner with Fundacion para el Desarrollo Socioeconomico Rural (FUNDESER) of Nicaragua to Increase Financial Access for Micro, Small Entrepreneurs

The International Finance Corporation (IFC), a member of the US-based World Bank Group, and the Netherlands’ Ministry of Foreign Affairs recently partnered with Fundacion para el Desarrollo Socioeconomico Rural (FUNDESER), a microfinance institution (MFI) in Nicaragua, to improve its credit risk management system as part of the MFI’s ongoing transition into a regulated financial entity under Nicaragua’s Superintendency of Banks and Other Financial Institutions, known by the Spanish acronym SIBOIF. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Poverty Scorecard for Nicaragua, Financial Inclusion in Russia, Health Microinsurance in India

“A Simple Poverty Scorecard for Nicaragua;” by Mark Schreiner; January 2013; 189 pages; available at http://www.microfinance.com/English/Papers/Scoring_Poverty_Nicaragua_2009_EN.pdf

This document introduces an “easy-to-use” poverty scorecard based on household expenditure data from Nicaragua’s 2009 Living Standards Measurement Survey. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Curbing Debt Stress, Social Performance in Mexico, UN Human Development Report: The Rise of the South

“Regulatory Options to Curb Debt Stress;” by Gabriel Davel; published by CGAP (Consultative Group to Assist the Poor); March 2013; 29 pages; available at: http://www.cgap.org/publications/regulatory-options-curb-debt-stress

This report highlights how the dynamics of credit markets can lead to cycles of credit growth and accumulation of consumer debt followed by widespread default and contraction. Continue reading

Share

MICROCAPITAL BRIEF: Pro Mujer Bolivia, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) Partner to Raise Awareness of Violence Against Women

Pro Mujer Bolivia, a branch of the US-based nonprofit Pro Mujer, recently secured unspecified support from Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), the German Agency for Technical Cooperation, to raise awareness of violence against women among Pro Mujer employees. Continue reading

Share

MICROFINANCE PAPER WRAP-UP: “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets;” published by mWomen Global Development Alliance of the Global System for Mobile Communications Association (GSMA), Visa, Bankable Frontier Associates

Published by Global System for Mobile Communications Association’s mWomen Global Development Alliance, Visa and Bankable Frontier Associates; 2013; 40 pages; available at: http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/GSMA-mWomen-Visa_Unlocking-the-Potential_Feb-2013.pdf

This report analyzes connections between mobile financial services and women’s financial inclusion in the developing world. Continue reading

Share

MICROCAPITAL BRIEF: Itau Unibanco of Brazil Commits $167m to Microloans for Urban Entrepreneurs in Concert with Business Call to Action, UN Millennium Development Goals

Brazilian bank Itau Unibanco recently joined the Business Call to Action (BCtA), a multi-organization initiative that seeks to reduce poverty through the private sector in support of the United Nations Millenium Development Goals (MDGs). Continue reading

Share