Category: Latin America

MICROCAPITAL BRIEF: Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM) of the Dominican Republic Lends $1.6m to 728 Micro-, Small, Medium-Sized Enterprises (MSMEs)

Asociación Dominicana para el Desarrollo de la Mujer  (ADOPEM), a microfinance institution (MFI) in the Dominican Republic, reportedly has provided loans totaling DOP 70 million (USD 1.65 million) to 728 micro-, small and medium-sized enterprises (MSMEs) in the country [1]. Continue reading

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MICROFINANCE EVENT: Fifth Caribbean Microfinance Forum (CMF V) NEW LOCATION AND DATES

The Fifth Caribbean Microfinance Forum (CMF V), which had been scheduled to take place in Suriname from March 31, 2014, to April 3, 2014, instead will be held in Montego Bay, Jamaica, from June 2, 2014, to June 5, 2014.

The Caribbean Microfinance Forum is an annual gathering of microfinance institutions that was launched with the support of the Caribbean Microfinance Capacity Building Project (Carib-Cap), a joint effort of the US-based Multilateral Investment Fund, the Caribbean Development Bank, the EU’s European Commission and the US-based Citi Foundation.

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MICROCAPITAL BRIEF: Absolute Portfolio Management (APM) Issues $12.5m in Credits from Dual Return Funds to Microfinance Institutions in Asia, Latin America

Absolute Portfolio Management (APM), an Austria-based asset management company that offers investment and advisory services to microfinance institutions (MFIs), recently issued approximately USD 12.5 million in credit to unspecified MFIs in Armenia, Azerbaijan, Bolivia, Cambodia, Costa Rica, Ecuador, Nicaragua and Tajikistan. Continue reading

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MICROCAPITAL BRIEF: OPIC to Support Citi in Loaning up to $200m to Support Small Businesses in Africa, Asia, Eastern Europe, Latin America

Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1]. Continue reading

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MICROCAPITAL BRIEF: Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM) of the Dominican Republic Collaborates with Codespa, La Agencia Española de Cooperación Internacional para el Desarrollo (AECID) of Spain to Launch Agricultural Loan Program

Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM), a microfinance institution based in the Dominican Republic, recently announced that it will collaborate with Codespa, a Spanish NGO that aims to increase access to jobs, healthcare and information technology, and La Agencia Española de Cooperación Internacional para el Desarrollo (AECID), a Spanish nongovernmental humanitarian organization, to provide loans to farmers in the Dominican Republic [1]. Continue reading

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MICROCAPITAL BRIEF: Beneficiaries of Jamaica’s Program of Advancement Through Health and Education (PATH) to Receive Mobile Money Payments

The Jamaican government reportedly has announced a plan to begin disbursing mobile money payments to beneficiaries of its Program of Advancement Through Health and Education (PATH), a conditional cash transfer (CCT) program established in partnership with the US-based World Bank Group that provides grants for health and education to qualified need-based applicants. Continue reading

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MICROCAPITAL BRIEF: Austria’s Absolute Portfolio Management Issues Credits Worth $4m to Microfinance Institutions in Azerbaijan, Cambodia, Georgia, Honduras, Indonesia

In July 2013, Absolute Portfolio Management (APM), an Austria-based asset management company that offers investment and advisory services to microfinance institutions, issued approximately USD 4 million in credit to microfinance institutions (MFIs) located in Azerbaijan, Cambodia, Georgia, Honduras and Indonesia through its two microfinance funds, Dual Return Fund – Vision Microfinance and Dual Return Fund – Vision Microfinance Local Currency [1]. Continue reading

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MICROCAPITAL BRIEF: Muhammad Yunus, Grameen Foundation, Grameen Bank, Brazil Foods (BRF) to Invest in Small Businesses, Genetically-Modified Organisms (GMOs) in Haiti

Nobel Peace Prize winner Dr Muhammad Yunus reportedly announced in June 2013 a new partnership between the Grameen Foundation, a US-based nonprofit of which Yunus serves is a board member, the Grameen Bank, a Bangladesh-based microfinance institution (MFI) founded by Dr Yunus, and Brazil Foods (BRF), a Brazil-based food production and processing company, to offer an unspecified amount of money through microfinance loans to small businesses in Haiti that are engaged in the production of genetically-modified organisms (GMOs), particularly in the poultry industry [1,2]. Continue reading

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MICROCAPITAL BRIEF: Banco De La Gente Emprendedora (BanGente) Hosts Fifth International Microfinance Forum in Caracas, Venezuela to Review “Universal Standards for Social Performance Management”

Banco De La Gente Emprendedora (BanGente), a Venezuela-based financial services organization, recently hosted the Fifth International Microfinance Forum in Caracas, Venezuela, to study the enforcement and monitoring of the Universal Standards for Social Performance Management (USSPM), a manual designed in June 2012 by the US- and Switzerland-based working group Social Performance Task Force (SPTF) that lists six practices microfinance institutions (MFIs) may adopt in order to expand their focus from financial to social goals [1]. Continue reading

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MICROCAPITAL BRIEF: European Investment Bank (EIB) to Loan $12b by 2020 to African, Caribbean, Pacific Countries for Infrastructure, Private Business, Regional Developments

The Luxembourg-based European Investment Bank (EIB), the long-term lending bank of the European Union (EU), recently announced that it will loan a total of EUR 9 billion (USD 12 billion) by 2020 to institutions in Africa, Caribbean and Pacific (ACP) regions through its ACP Investment Facility, a revolving and risk-bearing fund for private sector investment. Continue reading

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MICROCAPITAL BRIEF: MicroCredit Enterprises Partners with Freedom from Hunger to offer Health-related Services to Clients of Microfinance Institutions (MFIs)

MicroCredit Enterprises (MCE), a US-based NGO microfinance fund manager, and Freedom from Hunger, a US-based NGO that aims to alleviate hunger and poverty, are collaborating on a project that will offer “health-related education, loans, savings, insurance and linkages to local healthcare providers” in hopes that it will alleviate loan defaults caused by poor health and strengthen clients’ abilities to endure income-producing activities [1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $1m to BancoSol of Bolivia to Support Rural Areas

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently notified MicroCapital that it will provide a loan of up to USD 1 million to Banco Solidario SA (BancoSol), a Bolivian commercial bank that offers microfinance services, in an effort to improve financial access for farmers and poor rural families in the Bolivian cities of La Paz, Oruro and Potosi [1]. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management’s Dual Return Funds Invest $9.5m in Microfinance Institutions (MFIs) of Eight European, Asian, Latin American Countries

In June 2013, Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, issued loans totaling the equivalent of USD 9.5 million to microfinance institutions (MFIs) in Azerbaijan, Bosnia & Herzegovina, Cambodia, Colombia, Ecuador, Georgia, Kyrgyzstan and Poland though its two Vision Microfinance funds, Dual Return Fund- Vision Microfinance and Dual Return Fund- Vision Microfinance Local Currency Fund. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Alleviating Poverty via Mobile Communications; Integrating Microfinance, Health Services in the Andes; Mobile Phone Technology for Women in Afghanistan

Alleviating Poverty: Mobile Communications, Microfinance and Small Business Development Around the World;” by Darrell M. West; published by The Brookings Institution; May 2013; 12 pages; available at: http://www.brookings.edu/~/media/research/files/papers/2013/05/16%20poverty%20mobile%20microfinance%20business%20west/westalleviating%20povertymobile%20comms%20microfinance%20small%20business51613v12.pdf Continue reading

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