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].
Search Results for: "microcredit enterprises"
MICROCAPITAL BRIEF: Gary Ford Named New CEO of MicroCredit Enterprises
Gary Ford has been named the new CEO of MicroCredit Enterprises (MCE), a nonprofit organization that distributes private capital for microloans.
KNOW A MICROFINANCE FUND: Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA), Microcred Group, MicroCredit Enterprises, CRS CORDAID Microfinance Alliance Fund
The following funds are detailed in this brief:
Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Luxembourg+Microbanking+Intermediary+Scheme+Appui+au+Developpement+Autonome+%28Luxmint+ADA%29
Microcred Group
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCred
MicroCredit Enterprises
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCredit+Enterprises
CRS CORDAID Microfinance Alliance Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CRS+CORDAID+Microfinance+Alliance+Fund
Words of Jonathan Lewis of MicroCredit Enterprises at Stanford University “California Microfinance 2009” Conference
Microfinance: Markets & Missions
Jonathan C. Lewis
Chief Executive Officer/Founder
MicroCredit Enterprises
California Microfinance 2009
May 28, 2009
Stanford University
Thank you for inviting me to this important assembly of change agents. Whether
engaged in domestic micro-enterprise or international microfinance, we are kindred
We in this room know that creating sustainable economic development requires toughminded,
hard work. I admire your commitment, and I am proud to be in your company.
From the inner cities of America to the remote villages of Africa, we know the current economic slump is going to seriously hurt the poor, undermine nonprofit social safety nets, and reduce the social finance funding on which so many depend.
PRESS RELEASE: Jonathan Lewis, Founder & CEO of MicroCredit Enterprises Receives 2008 Innovation Award from Social Venture Network
Source: MicroCredit Enterprises.
MICROCAPITAL STORY: MicroCredit Enterprises Invests $150k in Pro Mujer
CGAP (Consultative Group to Assist the Poor) recently reported that California-based MicroCredit Enterprises made a USD 150,000 investment in Latin American microfinance institution Pro Mujer.
MICROCAPITAL STORY: MicroCredit Enterprises Invests USD 1.5 million in Normicro of Azerbaijan, CREDISOL of Honduras, and Lazika Capital of Georgia
The Consultative Group to Assist the Poor (CGAP) recently reported MicroCredit Enterprises of California invested loans in equal amounts of USD 500 thousand in microfinance institutions, Normicro of Azerbaijan (March 2008), CREDISOL of Honduras (February 2008), and Lazika Capital of Georgia (January 2008).
MICROCAPITAL STORY: IMON Receives USD 1.5 million in Investments from Incofin and MicroCredit Enterprises
The Consultative Group to Assist the Poor (CGAP) recently reported International Microloan Fund (IMON), a non-bank microfinance institution based in Tajikistan, received loan investments of USD 500 thousand from US-based MicroCredit Enterprises and USD 1 million from Incofin of Belgium this past February 2008.
MICROCAPITAL STORY: MicroCredit Enterprises Lends USD 600,000 to Cambodian Microfinance Institution (MFI) CHC Group Limited
This deal comes to us courtesy of the Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse. MicroCredit Enterprises, a California-based nonprofit organization (NGO) that mobilizes private capital for microfinance institutions (MFIs) in the developing world, recently invested USD 600,000 in loans in CHC Limited, a Cambodian MFI.
WHO’S WHO IN MICROFINANCE: MicroCredit Enterprises
MicroCredit Enterprises is a non-profit organization based in Sacramento, California, that leverages private capital to promote micro-enterprises throughout the developing world by issuing loans and guarantees to creditworthy microfinance institutions (MFIs). Founded in 2005, MicroCredit Enterprises’ loan portfolio includes 17 MFIs in 12 countries, impacting 235,000 poor people. The balance of total loans issued is USD 9.3 million and MicroCredit Enterprises’ current loan default rate is 0.00%. The organization has a low operating expense, with approximately 3% of its loan portfolio or USD 300,000 allocated to budgeted expenditures. The low operating expense is possible since MicroCredit Enterprises’ senior management team, with the exception of the Senior Vice President for Portfolio Management, serve the organization on a pro bono basis.
MICROCAPITAL STORY: MicroCredit Enterprises Issues $1.1m in Loans to Microfinance Institutions EDPYME Alternativa of Peru and Tchuma Credit Cooperative of Mozambique
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported MicroCredit Enteprises, a microfinance investment firm based in Sacramento, California, has issued two loans totaling over USD 1.1 million to two separate microfinance institutions (MFIs). EDPYME Alternativa of Peru was granted a loan of USD 700,000 and Tchuma of Mozambique received USD 400,000.
Unitus Arranges Loan for MBK Ventura, an Indonesian Microfinance Institution, with The Dignity Fund and MicroCredit Enterprises
Unitus, a non-profit consultancy and venture capital firm, has recently announced a USD 1.2mm equivalent loan it has arranged for MBK Ventura, an Indonesian microfinance institution (MFI), 3 months after the organisation became a Unitus partner. The loan, structured in Indonesian rupiah, is made up of two USD 600,000 contributions from The Dignity Fund, LP, a microfinance fund based in California, and MicroCredit Enterprises, a non-profit organisation also based in California. Unitus have said that the loan is being provided at “an affordable interest rate” although avoided giving the exact rate.
MicroCredit Enterprises Partners with Tokyo Star Bank to Create a USD 4.8 mn Revolving Line of Credit for Microfinance Institutions
MicroCredit Enterprises (MCE), a new capitol leveraging model, announced the creation of a partnership with Tokyo Star Bank (TSB) to expand microfinance. TSB issued a USD 4.8 mn revolving line of credit to MCE which will be channeled directly to microfinance institutions (MFIs) that meet MCE’s lending criteria and due diligence requirements.
Continue reading “MicroCredit Enterprises Partners with Tokyo Star Bank to Create a USD 4.8 mn Revolving Line of Credit for Microfinance Institutions”
MicroCredit Enterprises Provides Loans to Microfinance Institutions Cambodia-based Hattha Kaksekar Limited, Azerbaijan-based Finance for Development, and FINCA Peru
MicroCredit Enterprises (MCE) announced the approval of three new loans to microfinance institutions (MFIs), total USD 1.4 mn to Hattha Kaksekar Limited of Cambodia with USD 600,000, Finance for Development LLC in Azerbaijan with USD 700,000, and FINCA Peru with USD 150,000.
US MicroCredit Enterprises Lends $300,000 to CREDIT of Cambodia and $500,000 to Norwegian Microcredit of Azerbaijan for Microfinance Investments
MicroCredit Enterprises has lent $300,000 to CREDIT of Cambodia and $500,000 to Norwegian Microcredit (Normicro) of Azerbaijan.
MicroCredit Enterprises was established in 2005 and is based in Sacramento, California, USA. It is a nonprofit organization that leverages private capital to lend to nongovernmental microfinance organizations abroad. Since its inception it has guaranteed over $4.8 million in microloans. As of October 2006 it has 7 active microfinance investments in Bolivia, Cambodia, Ecuador, Nigeria, Peru, Tajikistan, and Azerbaijan.
Continue reading “US MicroCredit Enterprises Lends $300,000 to CREDIT of Cambodia and $500,000 to Norwegian Microcredit of Azerbaijan for Microfinance Investments”Microfinance Lender MicroCredit Enterprises Changes Investment Strategy to Focus on Social Impact
Microcredit Enterprises, a US non-profit which provides loans to microfinance institutions (MFIs), announced in a recent press release that it has altered its lending criteria to focus more on the social impact of potential borrowing MFIs. The organization will change its investment strategy to one which is more oriented towards “MFIs who operate comprehensive social service programs, such as women’s empowerment, health education or business training for micro-entrepreneurs”. It will also focus on those institutions which offer lower interest rates to impoverished borrowers.
MicroCredit Enterprises Issues Loans Totaling $1.9 Million to IMON, LAPO, Associacion Benefica PRISMA, and EDPYME CONFIANZA
MicroCredit Enterprises loaned $800,000 to the Lift Above Poverty Organisation (LAPO), $500,000 to International Micro-Loan Fund (IMON), and $300,000 each to Associacion Benefica PRISMA and EDPYME Confianza.
Established in 1991, LAPO is a Nigerian non-profit organization whose clients are 98% women. According to its MIX Market profile, it had 54,460 clients, assets worth $5.3 million, and a total loan portfolio of $3.4 million at year end 2005. As well, its debt to equity ratio stood at 138% and return on assets was 12%.
MicroCredit Enterprises Supports Microfinance Investment with a $500,000 Guaranteed Loan to Cambodian Rural Economic Development Initiatives for Transformation
MicroCredit Enterprises has approved a three-year guaranteed loan of $500,000 to the Cambodia Rural Economic Development Initiatives for Transformation (CREDIT).