MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 17th Annual Inter-American MicroEnterprise Forum (Foromic), November 4-6, 2014, Guayaquil, Ecuador

Event Name: 17th Inter-American MicroEnterprise Forum (Foromic)

Event Date: November 4-6, 2014

Event Location: Guayaquil Convention Center, Guayaquil, Ecuador 

Cost: The cost to attend the event is USD 450 until August 31. After that date, the cost will rise to USD 550.

Summary of Event: This event brings together supporters of microenterprise, representatives from financial institutions, government officials and academics to discuss the development of microenterprise, specifically with regard to microfinance, in Latin America. Topics of discussion are to include the importance of corporate governance, innovations in credit qualification and expanded financial education for underserved populations.

About the Organizer: The Multilateral Investment Fund (MIF) established Foromic in 1998 with the aim of providing a platform for the exchange of ideas on microenterprise in Latin America. Established in 1993 by the US-based Inter-American Development Bank (IDB), MIF is an investment fund that seeks to support economic growth in Latin America and the Caribbean through investment in private enterprises that benefit low-income populations. As of 2013, MIF reports having approved approximately 1,750 projects and disbursed USD 100 million per year in grants, equity investments and loans [2].

Event Website: Foromic 2014

For additional information you may contact Foromic by email at: foromic[at]iadb.org or MIF Ecuador by telephone at +593 2 299 6900.

By Benjamin Krupp, Research Associate

About Multilateral Investment Fund (MIF)

The Multilateral Investment Fund (MIF) is an autonomous fund that was founded in 1993 by the US-based Inter-American Development Bank (IDB). Now a member of the IDB Group, MIF has 39 donating member countries from the Americas, Asia and Europe. From its inception in 1993 through 2013, MIF reports having approved 1,750 projects in 19 countries, disbursing approximately USD 100 million per year in grants, equity investments and loans.

About Inter-American Development Bank (IDB)

The Inter-American Development Bank (IDB) is a US-based multilateral finance institution that was established in 1959 and operates in Latin America and the Caribbean. IDB works with governments, companies and nongovernmental organizations (NGOs) to provide both loans and grants to support small and medium-sized enterprises (SMEs), health, education and other sectors. IDB also provides technical assistance and research in these areas. IDB’s Board of Executives is elected by 48 member countries. It is headquartered in Washington, DC, and also has offices in Japan, France and all 26 member countries located in Latin America and the Caribbean. As of December 2013, IDB reported total assets of USD 97 billion.

Sources and Additional Resources

[1] Foromic: Home Page

[2] Multilateral Investment Fund: About MIF

MicroCapital, May 8, 2014: Multilateral Investment Fund (MIF) Allocates $5.3m to Test, Develop Social Impact Bond Market in Latin America, Caribbean

MicroCapital, September 26, 2013: Inter-American Development Bank to Host Inter-American MicroEnterprise Forum (Foromic) 2013, Guadalajara, Mexico, September 30-October 2, 2013

MicroCapital, September 19, 2012: Multilateral Investment Fund (MIF) to Host 15th Annual Inter-American MicroEnterprise Forum (Foromic), Bridgetown, Barbados, October 1-3, 2012

MicroCapital Universe Profile: Multilateral Investment Fund (MIF)

MicroCapital Universe Profile: Inter-American Development Bank (IDB)

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/

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