MICROCAPITAL BRIEF: BBVA Microfinance Foundation’s Corporación para las Microfinanzas-Puerto Rico Appoints Annette M Montolo as President

The Corporación para las Microfinanzas Puerto Rico (Microfinanzas-PR), a microfinance institution (MFI) controlled by Banco Bilbao Vizcaya Argentaria Foundation (BBVA Microfinance Foundation) recently appointed Annette M Montolo as its new president.

MICROCAPITAL BRIEF: YouthSave Project Launches New Website Targeting Young People With Microfinance

YouthSave Project, a consortium of youth- and microfinance-focused NGOs, has launched a website that will feature the research of the YouthSave Project, as well as broader information on youth savings accounts around the globe.

MICROCAPITAL BRIEF: Grameen Foundation Announces Creation of Bankers Without Borders (BwB) Alliance Program to Expand Microfinance Institution (MFI) Volunteering Initiative

Grameen Foundation, a US-based nonprofit, has announced the creation of the Alliance Program, within its Bankers Without Borders initiative, which will focus on increasing volunteerism in the microfinance and development technology sectors in Asia and Latin America.

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) and Inter-American Development Bank’s Multilateral Investment Fund Release “2010 Microfinance Americas: The Top 100”

The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, in partnership with the Multilateral Investment Fund, an investment fund administered by the Inter-American Development Bank (IDB), have recently published the “2010 Microfinance Americas: The Top 100”.

MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Study: Microfinance Lending in Latin America and the Caribbean Increased by 13 Percent in 2009

According to a survey conducted by the Multilateral Investment Fund (MIF), an investment fund administered by the Inter-American Development Bank (IDB), loan portfolios of microfinance institutions (MFIs) in Latin America and the Caribbean rose by 13 percent in 2009.

MICROCAPITAL BRIEF: Peru Remains on Top of “Global Microscope on the Microfinance Business Environment 2010” Survey by the Economist Intelligence Unit

The Economist Intelligence Unit (EIU), the business information arm of the Economist magazine, released its Global Microscope on the Microfinance Business Environment 2010 survey, placing Peru as the country that is most friendly to microfinance businesses for the third year in a row, followed by the Philippines and Bolivia.

MICROCAPITAL BRIEF: Clinton Global Initiative (CGI) Announces New Commitments; Brazilian Sitawi to Start Microcredit Fund, Lumni to Provide Student Loans

On September 23, 2010, Sitawi, a Brazilian social enterprise fund, and Lumni, a fund that helps students finance their education, announced new commitments at the annual meeting of the Clinton Global Initiative, a forum on international development founded in 2005 by former US President Bill Clinton.

MICROCAPITAL BRIEF: CAF (Andean Development Corporation) Implements $5m Local-Currency Financing Program for MSME Sector in Bolivia

CAF (Andean Development Corporation) recently announced the implementation of a local-currency financing program in the amount of BOB 35 million (USD 5 million) for the micro-, small and medium-sized enterprise (MSME) sector in Bolivia, provided from CAF to support microfinance institutions with medium-term (up to three years) loans in local currency.

MICROFINANCE PAPER WRAP-UP: A Business to Call Her Own: Identifying, Analyzing and Overcoming Constraints to Women’s Small Businesses in Latin America and the Caribbean, by Jennifer Powers and Barbara Magnoni, Published by the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB)

By Jennifer Powers and Barbara Magnoni of EA Consultants, Published by the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB), April 2010, 100 pages, available at: http://idbdocs.iadb.org/wsdocs/getDocument.aspx?DOCNUM=35282406

The authors of this study focused on the differences between male and female entrepreneurs in six countries in Latin America: Guatemala, Nicaragua, Colombia, Bolivia, Mexico and Peru.

MICROCAPITAL BRIEF: Triple Jump Loans $8.5m to South American Microfinance Institutions WWB Popayan, Fondesurco and Funbodem

Triple Jump, a Dutch microfinance investment manager, recently reported to MicroCapital that is has provided a total of USD 8.5 million debt financing to three South American microfinance institutions.

MICROCAPITAL BRIEF: Triple Jump Loans $8.5m to South American Microfinance Institutions WWB Popayan, Fondesurco and Funbodem

Triple Jump, a Dutch microfinance investment manager, recently reported to MicroCapital that is has provided a total of USD 8.5 million debt financing to three South American microfinance institutions.

MICROCAPITAL BRIEF: Oikocredit Lends $1.6m in Local-currency to Five Latin American Microfinance Institutions

Oikocredit, a microfinance investment fund in the Netherlands with assets of USD 665 million, recently loaned USD 1.6 million to five Latin American microfinance institutions (MFIs): Amanecer of Colombia, Coopesparta of Costa Rica, Proempresa of Peru, FINCA Peru and Norandino of Peru.

MICROCAPITAL BRIEF: BlueOrchard Finance Invests $6.5m in Latin American Microfinance Institutions

BlueOrchard Finance, a Swiss asset management company, recently invested USD 6.5 million from its Dexia MicroCredit Fund (DMCF) in three Latin American microfinance institutions (MFIs): Forjadores of Mexico, Women’s World Banking (WWB) Popayan of Colombia and D-Miro of Ecuador.

MICROCAPITAL BRIEF: MFTransparency Brings Launch of Transparent Pricing Initiative to Bolivia and Ecuador, Funded by the Ford Foundation and MicroNed

MFTransparency, a non-governmental organization which promotes accurate and transparent pricing in the microfinance industry, recently expanded its work to launch its transparent pricing initiative in both Ecuador and Bolivia.  The initiative is being funded by the Ford Foundation, which provided a grant (amount unspecified) to MFTransparency to expand its data collection and dissemination efforts in Argentina, Bolivia, Colombia and Ecuador.

SPECIAL REPORT: Interview with Dirk Reinhard, Vice Chairman of the Munich Re Foundation and Member of the Executive Committee of the Microinsurance Network

Thank you to the Microinsurance Network for permission to reprint its recent interview with Dirk Reinhard, instigator of the International Microinsurance Conferences:

In light of the upcoming 6th International Microinsurance Conference taking place between 9-11 November in Manila, Philippines, Dirk Reinhard, Vice Chairman of the Munich Re Foundation and member of the Executive Committee of the Microinsurance Network, answers a few questions regarding the past, present and future of this pioneering conference.

Microinsurance Network: How did the first International Microinsurance Conference come about in Munich? What were the aims of this conference and who were behind it?

Dirk Reinhard: Munich Re – which founded the Munich Re Foundation in April 2005 – concerns itself with the great challenges facing the world today – population growth, globalisation, diminishing resources, environmental pollution and climate change.