IDB Invest, the private-investment member of the US-based Inter-American Development Bank (IDB) Group, recently announced a local-currency loan totaling the equivalent of USD 50 million to Banco Compartamos, one of the seven units of Mexico-based Gentera. Compartamos provides
Search Results for: Compartamos
MEDIA OF THE MONTH: 170k Women in Mexico, Peru Leveraging $70m in Microfinance via Banco Compartamos, Citi, DFC, JICA
This 4-minute video describes a partnership among the Mexican microfinance institution Banco Compartamos, Citi, the Japan International Cooperation Agency and the US International Development Corporation to fund 170,000 female entrepreneurs in Mexico and Peru.
This post is part of an occasional series from MicroCapital pointing you to great media on microfinance and other forms of impact investing. Enjoy!
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MICROFINANCE PUBLICATION ROUND-UP: Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video
“Microfinance Banana Skins 2014: Facing Reality;” published by Centre for the Study of Financial Innovation; July 2014; 84 pages; available athttp://csfi.org/files/Microfinance_Banana_Skins_2014_-_WEB.pdf
This report, which is based on data collected by surveying 306 people associated with the microfinance industry, examines 19 risks faced by microfinance institutions (MFIs) across the globe.
MICROCAPITAL BRIEF: Microfinance Bank Compartamos of Mexico Seeking Acquisitions in Microinsurance, Mobile Banking Arenas
Mr Fernando Alvarez Toca, chief executive officer of the Mexican microfinance bank Compartamos Banco, reportedly has said that the bank is seeking to venture into “alternative products” such as microinsurance and mobile banking during 2012 either “through acquisitions in different countries or through organic growth” [1].
MICROCAPITAL BRIEF: Mexican Microfinance Institution Banco Compartamos Issues $147m in Long-Term Debt
Mexican microfinance institution Banco Compartamos, S A, Institucion de Banca Multiple has issued local bank bonds (certificados bursatiles bancarios) amounting to MXN 2 billion (USD 147 million) in the local debt capital market.
MICROCAPITAL BRIEF: Compartamos of Mexico Completes Acquisition of Majority Stake in Financiera Créditos Arequipa (Financiera Crear) of Peru
Compartamos, a holding company established in Mexico in 2010 with microfinance institution (MFI) Banco Compartamos as its only subsidiary, recently announced that upon receiving the approval of the Peruvian Securities and Exchange Commission, it settled the acquisition of an 82.7 percent stake in Financiera Créditos Arequipa SA (Financiera Crear), a Peruvian MFI, for USD 63 million. The transaction was initially announced by MicroCapital in March 2011. Banco Compartamos Director of Strategy Javier Fernández Cueto stated that this type of acquisition
MICROCAPITAL BRIEF: Mexican Microfinance Provider Banco Compartamos Reports Q2 Earnings, Net Profit Growth of 17% to $46m
Banco Compartamos, a Mexican microfinance bank, reported net income growth of 17 percent to MXN 558 million (USD 46 million) and net operating income growth of 20.2 percent to MXN 787 million (USD 65 million) for the second quarter of 2011, as compared with the same period in 2010.
MICROCAPITAL BRIEF: Compartamos Banco of Mexico Announces Commencement of Lending Operations in Guatemala Through Subsidiary
Compartamos Banco, a Mexican microfinance bank, recently announced the initiation of microfinance operations in Guatemala through its subsidiary, Compartamos SA (Guatemala) [1].
MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Banco Compartamos Reports First Quarter Profits Up 14% to $39m, Plans to Expand to Guatemala
Banco Compartamos, a Mexican microfinance bank, reported net income growth of 14.8 percent to MXN 459 million (USD 39.5 million) and net operating income growth of 19.2 percent to MXN 702 million (USD 60.4 million) for the first quarter of 2011, as compared with the same period in 2010. Increased revenues came primarily from delinquency fees and voluntary life insurance premiums, resulting in growth of 21.6 percent over the first quarter of 2010.
MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Compartamos Banco to Acquire 82% Stake in Peruvian Lender Financiera Creditos Arequipa SA
Compartamos Banco, a Mexico-based microfinance institution (MFI), has announced that it plans to acquire an 82.7-percent stake in Financiera Creditos Arequipa SA (Financiera Crear), a Peruvian MFI, for USD 63 million. This acquisition is the first in Compartamos Banco’s expansion into international markets that was announced in MicroCapital stories dating back to April 2010.
MICROCAPITAL BRIEF: Banco Compartamos of Mexico Reports Flat Net Profit For Q4 as Staffing Level Rises 33% in One Year
Banco Compartamos, a microfinance bank that was established in Mexico in 1990, reported a net profit of MXN 515 million (USD 41.6 million) for the fourth quarter of 2010 compared to MXN 516 million (USD 42.5 million) for the same quarter of 2009.
MICROCAPITAL BRIEF: Mexican Microfinance Bank Compartamos Banco Looks To Expand in Other Latin American Nations
Carlos Danel, an executive vice president and co-founder of Mexican microfinance bank Compartamos Banco, recently said that the bank is looking to expand into other countries that have similar markets to Mexico, particularly other Latin American countries.
MICROCAPITAL BRIEF: Eyeing International Expansion, Mexican Microfinance Bank Compartamos Banco Directs Shares to Holding Company
Mexican microfinance bank Compartamos Banco recently announced that it plans to transfer its shares into the newly created holding company Compartamos SAB through an exchange offer.
MICROCAPITAL BRIEF: Microfinance Bank Compartamos Banco, Researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University to Study How Customers Use Microfinance Products
Compartamos Banco, a microfinance bank based in Mexico, and researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University have announced that they will conduct a four-year study to determine how microfinance bank customers use financial products and to quantify the impact these products have on customers’ lives.
MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Compartamos Banco Raises $80m With Bond Issue
Compartamos Banco, a microfinance institution (MFI) based in Mexico, announced that it has raised MXN 1 billion (approximately USD 80.6 million) through the public issuance of local bank bonds (‘Certificados Bursátiles Bancarios’) in the local debt capital market.
MICROCAPITAL BRIEF: Mexican Microfinance Institution (MFI) Banco Compartamos Releases Non-Audited Financial Results for Second Quarter 2010 Reporting Significant Growth
Mexican microfinance institution (MFI), Banco Compartamos, has announced its non-audited financial results for the quarter ended June 30, 2010 (2Q10). All figures were reportedly prepared in accordance with the requirements of the Comision Nacional Bancaria y de Valores (CNBV) and are expressed in nominal pesos.
MICROCAPITAL BRIEF: MicroSave Releases Podcast on the 2007 Initial Public Offering of Mexican Microfinance Lender Compartamos
MicroSave, a technical assistance, training and technical resource center for microfinance organizations, has released a podcast discussing issues surrounding the controversially lucrative 2007, USD 458 million initial public offering of the Mexican microfinance bank, Compartamos.
MICROCAPITAL BRIEF: Compartamos Banco, Mexican Microfinance Bank, Targets Latin American Expansion by Acquisition
Compartamos Banco, a Mexican microfinance bank founded in 1990, is in the process of finding a Latin American microfinance lender to acquire. Fernando Alvarez Toca, the Chief Executive Officer of Compartamos Banco, stated that his company is planning to acquire a Latin American company in accordance with their plan for rapid expansion. Alvarez Toca names Colombia, Peru and Brazil as the primary countries they are investigating [1]. Compartamos Banco has been pursuing this avenue since November of 2009 [2].