During the year ending December 2014, the Impulse Microfinance Investment Fund (Impulse Fund), which is managed by Belgium’s Incofin Investment Management (Incofin), sold its equity stakes in India-based Grameen Koota and the Mexican operations of El Salvador-based Apoyo Integral Inversiones, according to a recent announcement by Incofin.
The Multilateral Investment Fund, a member of the US-based IDB (Inter-American Development Bank) Group, has donated USD 1.2 million to fund a collaborative project with the Center for Latin American Monetary Studies, an association of Latin American and Caribbean central banks (also known by its Spanish acronym CEMLA).
The Luxembourg-based eco.business Fund, which was launched in 2014, announced recently that it has lent USD 10 million to Banco Davividenda Costa Rica, a unit of Colombia’s Bolivar Group, for on-lending to companies that work in sectors such as agriculture, forestry and fisheries, and are certified for their sustainability and contribution to biodiversity by entities such as the Germany-based FairTrade International or the US-based Rainforest Alliance.
Event Name: TBLI Conference Latin America 2015
Event Date: May 28-29, 2015
Event Location: Centro Cívico Parque Patricios, Uspallata 3160, Buenos Aires, Argentina
Summary of Event: This conference will include panels on topics such as green real estate and sustainable urban development; renewable energy and energy infrastructure; sustainable agriculture; and the role of environmental, social and governance factors in investment decisions.
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has lent USD 40 million to Banco Internacional, a commercial bank in Ecuador.
MasterCard, a US-based payments and technology company, and the Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, recently announced a partnership within AFI’s Public-Private Dialogue Platform (PPD) to promote financial inclusion .
CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution that was formerly known as the Corporacion Andina de Fomento, recently partnered with Telesalud de Venezuela, a telemedicine firm that offers health services in rural and other underserved areas in Latin America, to pilot a health microinsurance project in Ecuador.
“Aging and Financial Inclusion: An Opportunity;” published by HelpAge International and Accion’s Center for Financial Inclusion; 2015; 40 pages; available at https://centerforfinancialinclusionblog.files.wordpress.com/2015/02/aging_and_financial_inclusion_an_opportunity.pdf
This report highlights various barriers and opportunities in providing financial services to older people and helping younger people plan for old age, focusing on middle-income countries, in particular Colombia.
The US-based non-profit venture fund Acumen, along with the Clinton Giustra Enterprise Partnership, an initiative of US-based Clinton Foundation, and the British-Dutch multinational consumer goods company Unilever recently partnered to launch a three-year, minimum USD 10 million Enhanced Livelihoods Investment Initiative (ELII) that aims to boost the economic development of approximately 300,000 smallholder farmers in Africa, South Asia, Latin America and the Caribbean .
TriLinc Global Impact Fund, a US-based private investment fund, recently approved USD 15.5 million in trade finance facilities for six companies located in Argentina, South Africa and Zambia.
Microsoft Corporation, a US-based technology firm, and MasterCard, a US-based financial services corporation with operations in 210 countries, have announced a partnership through which they will seek to enhance information technology, communication and payments for small-scale merchants in Mexico.
The Triodos Sustainable Trade Fund, an investment vehicle managed by a unit of the Netherlands-based Triodos Bank, recently announced that it has invested in Bioexport, a Paraguayan firm that purchases sesame and other crops directly from farmers and cooperatives for export.
Event Name: The Sixth Caribbean Microfinance Forum: Solutions for Inclusive Growth
Event Date: July 6-9, 2015
Event Location: Doubletree by Hilton Hotel, Miami Airport & Convention Centre; Miami, Florida, United States of America
Cost: The fee to attend the forum is USD 600. A reduced rate of USD 475 is available for attendees who register by April 1, 2015, and a discounted rate of USD 200 is available for one-day registration.
Event Name: Mobile Money & Digital Payments Americas
This event will be held at the same time and venue as the Prepaid Americas and Transport Ticketing Americas events.
Event Date: March 24-25, 2015
Event Location: Marquis Reforma Hotel; Mexico City, Mexico
Fondazione Giordano Dell’Amore, an Italian foundation that supports microfinance, has announced that it is accepting applications for its 2015 Giordano Dell’Amore Microfinance Best Practices International Award, which aims to increase the understanding of microfinance and promote the sharing of good practices among industry players.
The government of Colombia recently approved a law to regulate and license electronic deposit-taking entities. These financial institutions, designated Sociedades Especializadas en Depósitos y Pagos Electrónicos (Specialized Electronic Deposit and Payment Institutions), may be incorporated by individuals or legal entities, such as telecom operators or postal offices. With a minimum capital requirement of USD 3 million, these entities can allow users to save, make payments and receive money, primarily through correspondent agents  .
“VG Microfinance – Invest Nr. 1 GmbH Fund Assessment Study;” by Rocio Cavazos and Melanie Meslay; 2015; 33 pages; available at https://www.db.com/usa/content/en/vg-microfinance-invest-1.html
This study presents a quantitative and qualitative analysis of VG Microfinance-Invest Nr. 1 GmbH, a fund launched by Germany’s Deutsche Bank in 2007 with the support of the German government’s Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW) that provided subordinated debt to 21 microfinance institutions (MFIs) in 15 different countries.
Access Microfinance Holding AG (AccessHolding), a German company that invests in microfinance institutions (MFIs), recently announced that it has acquired 93 percent of the equity in Accion Microfinancas SCMEPP SA, a Brazilian MFI that operates as a subsidiary of US-based nonprofit Accion.