Category: Latin America

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund Invests $170m in Banco CorpBanca Colombia

The International Finance Corporation (IFC) Capitalization Fund, an investment fund managed by an arm of the World Bank Group’s IFC, has announced a USD 170 million subordinated bond investment in Banco CorpBanca Colombia (CBC), a subsidiary of CorpBanca, a Chile-based commercial bank that is a subsidiary of Brazil’s Itau Unibanco. Continue reading

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MICROFINANCE EVENT: Dvk to Host “5th Annual Impact Conference at Sustainatopia 2014,” April 16 – 18, 2014, Miami Beach, Florida, USA

Event Name: 5th Annual Impact Conference at Sustainatopia 2014

Event Date: April 16 – 18, 2014

Event Location: Miami Beach Convention Center, Miami Beach, Florida, USA Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Dvk to Host “5th Annual Impact Conference at Sustainatopia 2014,” April 16 – 18, 2014, Miami Beach, Florida, USA Posted in Events, Latin America

MICROCAPITAL BRIEF: Government of Jamaica Introduces SIPP Registry of Collateral, “Super Form” for Business Registration to Support Micro-, Small, Medium-Sized Enterprises (MSMEs)

The government of Jamaica has initiated the implementation of the Security Interests in Personal Property (SIPP) Registry to facilitate financial access for micro-, small and medium-sized enterprises (MSMEs) by supporting the use of non-real estate assets, including movable items, as collateral [1][2]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Government of Jamaica Introduces SIPP Registry of Collateral, “Super Form” for Business Registration to Support Micro-, Small, Medium-Sized Enterprises (MSMEs) Posted in Latin America, Regulation, Trends/Challenges

MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia

The Facility for Sustainable Entrepreneurship and Food Security (FDOV), a facility of the Dutch Ministry of Foreign Affairs, has granted an undisclosed amount of funds to Swiss commodity trading company Ecom Agroindustrial to fund a pilot-lending program for small-scale farmers in Colombia to be carried out in mid-2014. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia Posted in Latin America

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue reading

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MICROCAPITAL BRIEF: Orange, Banco Popular Dominicano Launch M-Peso Mobile Payment Service in the Dominican Republic

Orange Dominicana, subsidiary of Orange of France that offers prepaid mobile services in the Dominican Republic, and Banco Popular Dominicano, a commercial bank in the Dominican Republic, reportedly have launched the M-Peso mobile wallet and payment service in the Dominican Republic.  Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Orange, Banco Popular Dominicano Launch M-Peso Mobile Payment Service in the Dominican Republic Posted in Latin America, Technology

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), MasterCard Partner to Support Financial Inclusion, Transparency in Latin America, Caribbean

The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) [1]. Continue reading

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MICROCAPITAL BRIEF: Creditcorp’s Financiera Edyficar of Peru to Acquire 61% Stake in Mibanco for $179m

Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Creditcorp, recently announced that it will acquire a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Creditcorp’s Financiera Edyficar of Peru to Acquire 61% Stake in Mibanco for $179m Posted in Deals, Latin America

MICROCAPITAL BRIEF: Owner of Mibanco, Grupo Accion Comunitaria del Peru (ACP) Breaches Debt Covenant; Entire Peruvian Microfinance Sector Under Strain?

Grupo Accion Comunitaria del Peru (ACP), a Peruvian nonprofit holding company that is the majority shareholder of Peruvian microfinance institution (MFI) Mibanco, recently breached a covenant on a 10-year USD 85 million corporate bond due in 2021, resulting in a downgrade of its credit rating by Fitch, a US-based rating agency. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Owner of Mibanco, Grupo Accion Comunitaria del Peru (ACP) Breaches Debt Covenant; Entire Peruvian Microfinance Sector Under Strain? Posted in Latin America, Trends/Challenges

MICROFINANCE PUBLICATION ROUND-UP: Effectiveness of Microfinance in Cambodia; Scaling Up in Agriculture and Development; Mobile Savings in Ecuador

“AMK Cambodia – Have AMK loans helped its clients improve their overall wellbeing?”, published by Angkor Mikroheranhvatho Kampuchea (AMK); January 2014; 12 pages; available at https://www.incofin.com/sites/default/files/attachments/newsitems/Change%20Study_AMK_2014.pdf

This report explores the results of a five-year study of the effectiveness of Angkor Mikroheranhvatho Kampuchea (AMK), a Cambodian microfinance institution, in helping increase its clients’ livelihoods through microcredit services. Continue reading

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MICROFINANCE EVENT: New Ventures Mexico to Host 4th Annual “Latin American Impact Investment Forum (FLII),” February 18 – 20, 2014, Merida, Mexico

Event Name: Latin American Impact Investment Forum (Foro Latinoamericano de Inversion de Impacto)

Event Date: February 18 – 20, 2014

Event Location: Hyatt Regency, Merida, Mexico Continue reading

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Written by Comments Off on MICROFINANCE EVENT: New Ventures Mexico to Host 4th Annual “Latin American Impact Investment Forum (FLII),” February 18 – 20, 2014, Merida, Mexico Posted in Events, Latin America

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $18m from Dual Return Funds to Microfinance Institutions in Asia, Latin America

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 18.5 million for microfinance institutions (MFIs) in Armenia, Azerbaijan, Ecuador, El Salvador, Georgia, India, Peru, Sri Lanka and Tajikistan [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $18m from Dual Return Funds to Microfinance Institutions in Asia, Latin America Posted in Deals, Key Players, Latin America

MICROFINANCE EVENT: Clarion to Host “Mobile Money & Digital Payments Americas 2014”, April 7 – 9, 2014, Mexico City, Mexico

Event Name: Mobile Money and Digital Payments Americas 2014

Event Date: April 7 – April 9, 2014

Event Location: Mexico City, Mexico Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Clarion to Host “Mobile Money & Digital Payments Americas 2014”, April 7 – 9, 2014, Mexico City, Mexico Posted in Events, Latin America, Technology

MICROCAPITAL BRIEF: Société de Promotion et de Participation pour La Coopération Economique (PROPARCO) Lends $4.1m to Association pour la Cooperation avec la Micro Enterprise (ACME) of Haiti to Boost Microlending

Société de Promotion et de Participation pour La Coopération Economique (PROPARCO), a French public-private development finance institution, reportedly has opened a credit line of HTG 178 million (USD 4.1 million) for Association pour la Cooperation avec la Micro Enterprise (ACME), a Haitian microfinance institution (MFI), to increase its lending portfolio.  Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Société de Promotion et de Participation pour La Coopération Economique (PROPARCO) Lends $4.1m to Association pour la Cooperation avec la Micro Enterprise (ACME) of Haiti to Boost Microlending Posted in Deals, Latin America

MICROCAPITAL BRIEF: Jamaican Ministry of Finance May Regulate Microfinance Institutions, Cap Interest Rate at 40%

The Jamaican Ministry of Finance reportedly has announced plans to regulate microfinance institutions (MFIs) in the country. This is made possible by the proposed Microcredit Act of 2013 that would replace the Moneylending Act of 1999. Under the new law, the maximum annual interest rate would be set at 40 percent. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Jamaican Ministry of Finance May Regulate Microfinance Institutions, Cap Interest Rate at 40% Posted in Latin America, Regulation

MICROFINANCE PAPER WRAP-UP: “‘Doing the Math’ – Women’s Health Microinsurance in Guatemala, Studying Aseguradora Rural’s VivoSegura Microinsurance in Quetzaltenango,” by Derek Poulton and Barbara Magnoni, Published by The MicroInsurance Centre

“Doing the Math” – Women’s Health Microinsurance in Guatemala, Studying Aseguradora Rural’s VivoSegura Microinsurance in Quetzaltenango,” by Derek Poulton and Barbara Magnoni, Published by The MicroInsurance Centre as Microinsurance Learning Knowledge Brief Number 28, October 2013, 9 pages, available at http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/1043-milk-brief-28-qdoing-the-mathq-womens-health-microinsurance-in-guatemala.html Continue reading

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Written by Comments Off on MICROFINANCE PAPER WRAP-UP: “‘Doing the Math’ – Women’s Health Microinsurance in Guatemala, Studying Aseguradora Rural’s VivoSegura Microinsurance in Quetzaltenango,” by Derek Poulton and Barbara Magnoni, Published by The MicroInsurance Centre Posted in Latin America, Microinsurance

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $20m Loan to Edyficar of Peru to Support Housing Finance

The Inter-American Development Bank (IDB), a US-based financial institution that supports small and medium-sized businesses, reportedly has approved a loan of USD 20 million to Edyficar, a financial institution in Peru that specializes in serving microenterprises, to increase housing loans. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $20m Loan to Edyficar of Peru to Support Housing Finance Posted in Key Players, Latin America

MICROFINANCE PAPER WRAP-UP: “The State of Microfinance Investment 2013,” Published by MicroRate

MicroRate, a for-profit microfinance rating agency based in the U.S., has recently released its eighth annual survey of international microfinance investment vehicles (MIVs). Continue reading

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