Risk Management Initiative in Microfinance (RIM), a platform that promotes adoption of risk management standards in microfinance, has announced the launch of its official website, which aims to provide a “hub for the dissemination of risk management standards, information sharing and industry cooperation” [1].
Search Results for: Compartamos
MICROFINANCE PUBLICATION ROUND-UP: Microcredit in Mexico, Impact Investing and Microfinance, Microinsurance and Preventing Child Labor
“Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco;” by Manuela Angelucci, Dean Karlan and Jonathan Zinman; published by Innovations for Poverty Action; May 2013; 68 pages; available at: https://poverty-action.org/sites/default/files/ipa_winsomelosesome_release_0.pdf
This paper presents an analysis of whether microcredit products are counterproductive to promoting economic empowerment, especially when such products are offered at high interest rates.
MICROFINANCE PUBLICATION ROUND-UP: The Role of Business in Society; Life Microinsurance in Mexico; Social Performance Report for India
“Invisible Giants;” by Lindsay Levin; published by Vala Publishing; March 2013; 176 pages, available for purchase at: http://vala.wazala.com/?page=product_det&id=112381
MICROFINANCE PUBLICATION ROUND-UP: Regulation and Supervision of Microfinance; Financial Inclusion in Russia; Life Microinsurance in Mexico
“A Guide to Regulation and Supervision of Microfinance;” by Robert Peck Christen, Kate Lauer, et al; published by CGAP (Consultative Group to Assist the Poor); October 2012; 120 pages; available at: http://www.cgap.org/publications/guide-regulation-and-supervision-microfinance
MICROCAPITAL BRIEF: ResponsAbility Invests $6.3m in Financiera Crear of Peru, Ecofuturo of Bolivia
ResponsAbility Social Investments, a Swiss investment company, recently issued loans totaling USD 6.3 million to microfinance institutions (MFIs) in Peru and Bolivia.
MICROFINANCE PAPER WRAP-UP: “The Challenge of Understanding Pricing of Micro-loans,” by Chuck Waterfield, Published by MicroFinance Transparency
By Chuck Waterfield, Published by MicroFinance Transparency, June 2011, 10 pages, http://www.microfinancegateway.org/gm/document-1.1.9115/The-Challenge-of-Understanding-Pricing-of-Micro-Loans_Jun2011_ENG.pdf.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Lend $25m to Financiera Creditos Arequipa S.A. (Financiera Crear) of Peru
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, will provide USD 25 million to Financiera Creditos Arequipa SA (Financiera Crear), a Peruvian microfinance company.
MICROCAPITAL BRIEF: Banorte, Rev Worldwide Announce Launch of Microfinance Program Offering Mobile Payments, MasterCard Services in Mexico
Mexican bank Banorte, with total assets at USD 47.6 billion as of 2010, has partnered with Rev Worldwide, a Texas-based payment solutions company, to launch a mobile-phone-based financial services program called MiFon.
MICROCAPITAL BRIEF: World Bank Approves $100m Loan to Facilitate Implementation of “Financial Consolidation and Inclusion Project” in Mexico
The World Bank’s (WB’s) Board of Directors recently approved a loan of USD 100 million to support the “Financial Consolidation and Inclusion Project” in Mexico.
MICROCAPITAL BRIEF: Mexico to Offer Insurance, Bank Accounts to 6m Families Via Oportunidades Public Benefit Program
President Felipe Calderon, the President of Mexico, recently announced that the 6 million families that are currently participating in Mexico’s public benefit program Oportunidades will be offered bank accounts with prepaid debit cards and the option to purchase life insurance.
MICROFINANCE PAPER WRAP-UP: Discovering Limits: Global Microfinance Valuation Survey 2011; By Frederic de Mariz, Xavier Reille, Daniel Rozas; Published by JP Morgan, CGAP (Consultative Group to Assist the Poor)
By Frederic de Mariz, Xavier Reille and Daniel Rozas; published by JP Morgan and CGAP (Consultative Group to Assist the Poor); July 2011; 29 pages; available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.52137
MICROCAPITAL BRIEF: responsAbility Loans $10.5m in Local Currency to ProCredit Affiliates in Ecuador, Mexico; Peruvian Microfinance Institutions Confianza, Crear Arequipa
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made local-currency loans equivalent to the following amounts through its MIVs: USD 2 million to ProCredit Ecuador; USD 2.97 million to ProCredit Mexico; USD 2.05 million to Financiera Confianza and USD 3.5 million to Edpyme Crear Arequipa, the last two of which are microfinance institutions (MFIs) located in Peru.
MICROCAPITAL BRIEF: Panel Discusses Balancing Profit, Mission, Impact at Microfinance USA Conference 2011, Presented by Opportunity Fund, ACCION, Kiva, in New York City, May 23 – 24
Opportunity Fund, a nonprofit organization based in the US state of California that offers microloans and microsavings primarily to people in the San Francisco Bay area; ACCION International, a microfinance organization that provides lending and financial education to small businesses in twenty-three countries; and Kiva, a US-based online portal that allows individuals to make loans to microfinance institutions (MFIs) for on-lending to poor people in sixty countries, hosted the Microfinance USA Conference 2011 on May 23 and May 24 in New York City.
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Technology Blog Analyzes Developments in Mexico’s Microfinance and Banking Sectors, Publishes Summary Note Covering Mexico’s Branchless Banking Industry
As part of a series on branchless banking around the world, a post was recently published on the CGAP Technology Blog, a website operated by US-based think tank CGAP (Consultative Group to Assist the Poor), covering regulatory developments in the Mexican microfinance sector.
MICROCAPITAL BRIEF: Microcredit Summit Campaign Releases State of the Microcredit Summit Campaign Report 2011, Reports 128m Poor People Received Microfinance Loans in 2009
The Microcredit Summit Campaign, a project that was launched in 1997 by US-based nonprofit advocacy group RESULTS Educational Fund (REF), recently released the State of the Microcredit Summit Campaign Report 2011, a plenary account of the recent trends, challenges and achievements in the microfinance industry, at the National Press Club in Washington, DC. The report indicated that 128 million poor people received microloans in 2009, more than was recorded in any of the organization’s previous reports. In 1997, 7.6 million were estimated to have received microloans.
MICROCAPITAL BRIEF: Founder of Grameen Bank and Nobel Peace Prize Winner Dr Muhammad Yunus Speaks Out Against the Commercialization of Microfinance Institutions (MFIs)
Dr Muhammad Yunus, founder of Grameen Bank and winner of the Nobel Peace Prize for his work in microcredit, has again spoken out against the commercialization of microfinance institutions (MFIs) and their deviation from the mission of poverty alleviation.
MICROCAPITAL BRIEF: World Microfinance Forum Geneva Hosts Debate on Corporate Governance as it Relates to Managing Crises in Microfinance
The World Microfinance Forum Geneva recently hosted a debate on issues related to corporate governance and its importance in managing crises in microfinance.
MICROCAPITAL BRIEF: Wall’s Street Advisor Services Releases “Listed Microfinance Institutions’ Shareholder Valuations and Their Stocks’ Results”
Wall’s Street Advisor Services (WSAS), a US-based consultancy, has released a report, “Listed Microfinance Institutions’ Shareholder Valuations and Their Stocks’ Results”, which considers how publicly-traded shares of microfinance institutions (MFIs) are valued.