SPECIAL REPORT: Student Lending for Tertiary Education: Omtrix Offers Lessons Learned from 10 Years of HEFF

The OmtrixThe Higher Education Finance Fund (HEFF) was implemented in seven Latin American countries with the objective of improving access to tertiary education for motivated yet socially disadvantaged young people. It was promoted by Omtrix, Inc., a consulting and fund man­agement company based in Costa Rica. HEFF’s equity investors were the German development bank KfW, the Norwegian Investment Fund for Developing Countries (Norfund), the Swiss Investment Fund for Emerging Markets, the Luxembourg Finance and Development Fund, Corporación Andina de Fomento, Omtrix and the Calvert Social Investment Foundation.

HEFF was premised on the idea that student loans are an intrinsically viable product for financial institutions (FIs) with social objectives. The experience of HEFF confirmed the validity of this notion, provided that

MICROCAPITAL BRIEF: Higher Education Finance Fund (HEFF) Closing After 10 Years of Lending for Students in Latin America, Caribbean

The Higher Education Finance Fund (HEFF), which was launched in 2011 by Costa Rica-based Omtrix, recently completed disbursing its volume of USD 30 million to microfinance institutions (MFIs) serving low-income households in Latin America and the Caribbean. The objective of the fund, which reached seven countries, was to support youth in accessing higher education as well as assisting in the diversification of

MICROCAPITAL BRIEF: Omtrix’s Higher Education Finance Fund (HEFF) Provides $3m Loan to Fundacion Genesis Empresial of Guatemala

Omtrix Incorporated, a privately owned fund management consulting firm based in Costa Rica, recently announced the first disbursement from its Higher Education Finance Fund (HEFF), which will go to Fundacion Genesis Empresarial, a Guatemalan microfinance institution (MFI).

MICROCAPITAL BRIEF: Omtrix Raises $35m for New Higher Education Finance Fund (HEFF), Loans to be Distributed via Microfinance Institutions

Omtrix, a Costa Rica-based fund manager and financial consulting firm, has announced the launch of the Higher Education Finance Fund (HEFF), a student loan financing fund to promote and finance higher education opportunities for low-income youth in Bolivia, the Dominican Republic, Guatemala, Honduras, Paraguay and Peru.

MICROFINANCE EVENT: Small Business Banking Network (SBBN), Small and Medium Enterprise (SME) Finance Forum to Host 4th Annual CEO & Senior Leaders Roundtable, May 29 – 30, 2014, Istanbul, Turkey

Event Name: 4th Annual CEO & Senior Leaders Roundtable

Event Date: May 29 – 30, 2014

Event Location: Istanbul, Turkey

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

MICROFINANCE EVENT: European Microfinance Week, Presented by the European Microfinance Platform, November 24-26, 2009, Abbaye Neumünster, Luxembourg

European Microfinance Week, presented by the European Microfinance Platform, November 24-26, 2009, Abbaye Neumünster, Luxembourg

Costs: The fees for participants are as follows:

Registration Fee : 300€ (USD 430), Students (limited number) : 50€ (USD 72) . To register for European Microfinance Week 2009, please see here.

Summary of event: The theme for the 2009 meeting will be ‘Microfinance in a new financial era’ and will examine how the microfinance sector has reacted in the face of the global financial crisis. A combination of plenary, workshop and roundtable sessions will ensure participants make the most of their opportunity to stay informed, debate and contribute to discussions.

This 2009 final program summary is still pending.  A draft of the program will be available shortly.

Please see here for 2008 conference for additional reference.

Previous 2008 Summit Speakers Included:

  • J. Glisovic-Mezieres, CGAP Survey “CGAP MIV Benchmark 2008”
  • Challenges in the distribution of Microfinance Investment Vehicles (Panel discussion)
  • C. Speckhardt, responsAbility
  • M. Schneider, Deutsche Bank
  • E. de Lutzel, BNP Paribas
  • R. Dominicé, Symbiotics Regulatory frameworks on foreign direct investments in microfinance
  • de Ville, Chairman e-MFP The role of e-MFP in the global microfinance industry: challenges and opportunities
  • Velasco, Co-Founder and Director, Pro Mujer International in Latin America Expectations of Latin American MFIs towards European Microfinance actors
  • M. Toure, General Manager UM-Pamecas Senegal Expectations of African MFIs towards European Microfinance actors
  • P. Sakellaris, Vice-President EIB Microfinance: fluctuat nec mergitur?
  • R. Mersland, Consultant and Researcher Overview of the European Microfinance Week
  • L. de Canniere, Incofin The role of private investors on social responsibility and social performance – the case of Incofin
  • M. Adler, KfW Dimensions of responsible finance in microfinance practice
  • Minh Huy Lai, Planet Finance Social Responsibility – the MFI inside perspective
  • Koning, EU/ACP MF Program/CGAP Responsible Finance – the ‘What’, ‘Why’ and the ‘How’
  • R. Annibale, Citigroup
  • J.-P. Klumpp, Blue Orchard
  • E. Schröder, Invest in Visions
  • R. Dominicé, Symbiotcs

 

Online Registration:  Please click here.

Important Dates: Tuesday, November 24 to Thursday November 26, 2009 at Abbaye Neumünster, Luxembourg

Submit Your Event: http://microfinanceassociation.ning.com/events

Event Type: Conference

Event Starts: November 24, 2009

Event Ends: November 26, 2009

Location: Abbaye Neumünster, Luxembourg

Contact information:

No specific name is provided.  For Further information, please contact the following:

Christoph Pausch, Executive Secretary
Niamh Watters, Administrative Assistant

European Microfinance Platform  (e-MFP)

21 Allée Scheffer

L-2520 Luxembourg

Tel. +352 26.27.13.55  
Fax: +352.45.68.68.68 
email:
contact@e-mfp.eu

Submit Your Event: http://microfinanceassociation.ning.com/events

Event Type: Conference

Event Starts: November 24, 2009

Event Ends: November 26, 2009

Location:

CONFERENCE VENUE:

Centre Culturel de Rencontre

Abbaye de Neumünster

28, rue Münster

L-2160 Luxembourg

Téléphone : +352/ 26.20.52.1

Fax : +352/ 26.20.19.80

E-mail : contact@ccrn.lu

URL : www.ccrn.lu

Organized By: The European Microfinance Platform (e-MFP)

 

MICROCAPITAL EVENT: Microfinance Investor’s Fair 2009, October 21-22, 2009, in Nairobi, Kenya, Organized by African Microfinance Transparency (AMT) Forum

Event Name: Microfinance Investor’s Fair 2009

Event Date: October 21-22, 2009

Event Location: Nairobi, Kenya, Hotel Intercontinental

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events