The Fairtrade Access Fund (FAF), an affiliate of German NGO Fairtrade International that provides loans to farmers in developing countries, recently disbursed a total equivalent to USD 1.8 million to Cooperativa Agrícola Cafetalera San Antonio Limitada (COAGRISCAL) of Honduras, Unión de Cooperativas de Servicios Múltiples (UCOSEMUN) of Nicaragua and Cooperativas de Servicios Múltiples Norandino (NORANDINO) of Peru.
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MICROCAPITAL EVENT: World Credit Union Conference, July 14-17, 2013, Ottawa, Ontario, Canada
Event Name: World Credit Union Conference (WCUC)
Event Date: July 14-17, 2013
Event Location: Ottawa Convention Center, Ottawa, Ontario, Canada
MICROCAPITAL BRIEF: University of Texas, El Centro para la Promoción de la Micro y Pequeña Empresa en Centroamérica (CENPROMYPE), US Department of State Launch Small Business Development Center in Honduras
The University of Texas at San Antonio (UTSA) International Trade Center, a US-based trade assistance organization; El Centro para la Promoción de la Micro y Pequeña Empresa en Centroamérica (CENPROMYPE), a Central American institution focused on small-business development; and the US Department of State Pathways for Prosperity Initiative, a policy dialogue effort linking 12 Western Hemisphere countries, has launched a Small Business Development Center (SBDC) in the city of Choluteca, Honduras.
MICROFINANCE PUBLICATION ROUND-UP: Savings Groups in Rural Mali, Three Market Archetypes Advancing Financial Inclusion, Long-term Trends in India’s Rural Credit Market
“Final Impact Evaluation of the Savings for Change Program in Mali;” by Bureau of Applied Research in Anthropology at The University of Arizona and Innovations for Poverty Action (IPA); published by Oxfam America and Freedom from Hunger; April 2013; 215 pages; available at http://www.oxfamamerica.org/issues/community-finance/files/final-impact-evaluation-saving-for-change
This report presents the results from a study conducted by The University of Arizona and Innovations for Poverty (IPA) between 2009 and 2012 intended to explore the impact of savings groups in 500 villages in rural Mali, where 82 percent of surveyed households live on approximately USD 1.25 per day and the “typical village is more than 14 miles from a paved road.”
MICROCAPITAL BRIEF: Triodos Bank Launches Sustainable Pioneer, Sustainable Equity Retail Funds
Triodos Bank, a for-profit financial institution based in the Netherlands, has launched two new investment funds, the Sustainable Pioneer Fund and the Sustainable Equity Fund.
MICROCAPITAL BRIEF: G20’s Global Partnership for Financial Inclusion Publishes Data on 192 Countries
The Global Partnership for Financial Inclusion (GPFI), which is mandated to carry out the financial inclusion action plan endorsed at the 2010 summit of the Group of 20 (G20) large economies, has released a set of “basic” financial inclusion indicators populated with data from 192 countries.
MICROCAPITAL BRIEF: responsAbility Loans $8m to Banco Pichincha of Ecuador
ResponsAbility Social Investments, a Swiss investment company, has notified MicroCapital that it recently disbursed loans totaling USD 8 million to Banco Pichincha of Ecuador, a commercial bank that offers financial services to corporations; retailers; and micro-, small and medium-sized enterprises.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), G20’s Global Partnership for Financial Inclusion (GPFI) Partner to Launch Online “Women’s Finance Hub”
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the Group of 20’s (G20’s) Global Partnership on Financial Inclusion have partnered to launch the “Women’s Finance Hub,” an online platform to help advance access to finance for women entrepreneurs.
MICROCAPITAL BRIEF: Caja Rural de Ahorro y Credito (CRAC) Nuestra Gente of Peru Now Controlled by Fundacion Microfinannzas BBVA, to be Merged into Financiera Confianza
The Peruvian Superintendency of Banking, Insurance and Pension Fund Administrators (known as SBS in Spanish) recently approved the merger of two Peruvian microfinance institutions (MFIs) via the absorption of Caja Rural de Ahorro y Credito (CRAC) Nuestra Gente by Financiera Confianza.
MICROFINANCE PUBLICATION ROUND-UP: Social Performance in Nepal, Sharia-Compliant Financial Inclusion, Private Sector Employment
“State of Social Performance in Nepal;” by Mike Krell; published by Microfinance Information Exchange (MIX); March 2013; 10 pages; available at http://www.themix.org/publications/mix-microfinance-world/2013/03/Nepal-development-2013
This report from the US-based nonprofit Microfinance Information Exchange (MIX) examines the social performance (SP) of microfinance institutions (MFIs) in Nepal.
MICROCAPITAL BRIEF: Microsoft Donates $2.3m in Software Licenses to Pro Mujer for Computer Training
Microsoft, a US-based software company, has donated software licenses worth a total of USD 2.3 million to Pro Mujer, a US-based nonprofit that provides healthcare, training and financial services to women in Latin America.
MICROCAPITAL BRIEF: Trico Accepting Applications for 2013 Social Enterprise Awards Worth $78k
Trico Charitable Foundation, a Canada-based nonprofit, has announced that it is now accepting applications for the 2013 Social Enterprise Awards, which are to be presented at the 2013 Social Enterprise World Forum in October to Canadian for-profit and nonprofit social enterprises which are deemed by Trico to demonstrate “best practices, impact, and innovation.”
MICROCAPITAL BRIEF: Pro Mujer Bolivia, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) Partner to Raise Awareness of Violence Against Women
Pro Mujer Bolivia, a branch of the US-based nonprofit Pro Mujer, recently secured unspecified support from Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), the German Agency for Technical Cooperation, to raise awareness of violence against women among Pro Mujer employees.
MICROFINANCE PUBLICATION ROUND-UP: Microfinance Handbook; Evolution of Microfinance; Impact of Private Sector Investment on Job Creation
“The New Microfinance Handbook: A Financial Market System Perspective;” edited by Joanna Ledgerwood, Julie Earne and Candace Nelson; published by the World Bank Group; February 2013; 504 pages; available at: https://openknowledge.worldbank.org/handle/10986/12272
MICROFINANCE EVENT: Mobile Money Africa Conference & Expo, May 27 – 29, 2013, Johannesburg, South Africa
Event Name: Mobile Money Africa Conference & Expo 2013
Event Date: May 27 – 29, 2013
Event Location: Hyatt Regency Johannesburg, Johannesburg, South Africa
MICROCAPITAL BRIEF: Peru Passes Law Enabling Mobile Payment System for General Use, Government-to-Person Payments
The government of Peru reportedly has passed a law governing a new electronic payment system that allows residents to make payments and money transfers via mobile phones.
MICROCAPITAL BRIEF: IFC, Global Agriculture and Food Security Program Invest $10m in Root Capital for Farmers in Africa, Latin America
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the private-sector office of the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, have announced that each of the organizations will invest USD 5 million in Root Capital, a US-based nonprofit social investment fund.
MICROCAPITAL BRIEF: Austria’s Absolute Portfolio Management Loans $11m to Microfinance Institutions Through Vision Microfinance Funds, Including $1.5m to Pro Mujer Bolivia, $1.5m to PRIDE Tanzania, $750k Renewed to FINCA Tanzania
In December 2012, Dual Return-Vision Microfinance and Dual Return-Vision Microfinance Local Currency, two funds managed by Austria-based asset management company Absolute Portfolio Management (APM), disbursed a total equivalent to USD 11.75 million in loans to microfinance institutions (MFIs) worldwide, including MFIs in Latin America and Africa.