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.
Similar Posts:
- MICROCAPITAL BRIEF: Ilu Women’s Empowerment Fund Invests $1m in Acceso Financiero for Microfinance in Honduras
- MICROFINANCE PAPER WRAP-UP: “Gendered Investment Differences Among Smallholder Farmers: Evidence from a Microcredit Programme in Western Kenya,” by Keiji Jindo et al
- MICROCAPITAL BRIEF: Pro Mujer Borrows $2m from Aequitas Impact Fund to Uplift Women-owned Businesses in Nicaragua
- MICROFINANCE EVENT: Africa Impact Summit; July 13-14, 2023; Cape Town, South Africa
- MICROFINANCE EVENT: Navigating the Future of Impact Investing in Asia; May 9, 2023; Hong Kong, China