Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria.
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MICROCAPITAL BRIEF: Working Capital for Community Needs (WCCN) Loans $1.2m to Microfinance Operations of Pro Mujer in Nicaragua, Peru
Working Capital for Community Needs Incorporated (WCCN), a US-based nonprofit, has loaned the equivalent of USD 1.2 million in local currency to support the operations of microfinance institution (MFI) Pro Mujer in Nicaragua and Peru.
MICROCAPITAL BRIEF: Vision’s Dual Return Fund Loans $6.2m to Microfinance Institutions in Latin America, Africa, Central Asia
Absolute Portfolio Management GmbH, an Austrian investment company, has reported that the Dual Return Fund – Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, loaned the equivalent of USD 2 million to KazMicroFinance of Khazakstan and the equivalent of USD 4.2 million to unnamed microfinance institutions (MFIs) in Kyrgyzstan, Ecuador, Uruguay and Benin.
MICROCAPITAL BRIEF: Global Partnerships, Linked Foundation, Fonkoze Support Women’s Health in Haiti
Global Partnerships (GP), a nonprofit organization that supports microfinance institutions in Latin America, recently announced that it has teamed up with Haitian microfinance institution (MFI) Fonkoze and US-based Linked Foundation on a project aimed at improving women’s health in Haiti.
MICROCAPITAL BRIEF: Triple Jump Makes Equity Investments For ASN-Novib Microkreditfonds in Microfinance Institutions (MFIs) in Tanzania, Zambia, Panama
Triple Jump, a Dutch microfinance investment manager and advisor, has made equity investments on behalf of ASN-Novib Microkreditfonds, a Dutch microfinance investment vehicle, in unnamed microfinance institutions (MFIs) based in Tanzania, Zambia and Panama.
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO).
MICROCAPITAL BRIEF: responsAbility Lends $4.3m to Microfinance Institutions (MFIs) Banco Solidario of Ecuador, Interactuar of Colombia
Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to Latin American microfinance institutions (MFIs) Banco Solidario of Ecuador and Interactuar of Colombia.
MICROCAPITAL BRIEF: Alliance for Financial Inclusion’s Global Policy Forum Concludes with Signing of Maya Declaration on Financial Inclusion
The Alliance for Financial Inclusion (AFI), a Thailand-based network of policymakers that works towards increasing access to financial services for poor people, concluded its Global Policy Forum in Mexico recently with representatives of central banks and financial regulators from developing countries signing the Maya Declaration on Financial Inclusion [1].
MICROCAPITAL BRIEF: Global Partnerships Lends $3.7m to Microfinance Institutions FINCA Ecuador, Credito con Educacion Rural (CRECER) of Bolivia, Crediflorida of Peru
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it will lend a total of USD 3.7 million to three microfinance institutions: USD 2 million to FINCA Ecuador, USD 1 million to Credito con Educacion Rural (CRECER) of Bolivia and USD 750,000 of Crediflorida of Peru [1].
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund Lends $2.3m to Microfinance Institutions (MFIs) Coopronaranjo of Costa Rica, Fundación Amanecer of Colombia, COAC Esperanza y Progreso Del Valle of Ecuador
Swiss company responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans to three Latin American microfinance institutions (MFIs): USD 1.5 million to Coopronaranjo of Costa Rica, USD 500,000 to Cooperativa de Ahorro y Credito Esperanza y Progreso del Valle (COAC Progreso) of Ecuador and the local currency equivalent of USD 374,000 to Fundación Amanecer of Colombia.
MICROCAPITAL BRIEF: Global Partnerships Lends $2.5m to Colombian Microfinance Institutions Fundación Amanecer, Corporación Nariño Empresa y Futuro
Nonprofit social investor Global Partnerships (GP), which has offices in USA and Nicaragua, has made its first two loans in Colombia to the following microfinance institutions: USD 1 million to Fundación Amanecer and USD 1.5 million to Corporación Nariño Empresa y Futuro (Contactar).
SPECIAL FEATURE: Munich Re Foundation, Microinsurance Network Interview Howard Bolnick, Chair of International Actuarial Association Working Group on Microinsurance
Thank you to the Munich Re Foundation and the Microinsurance Network for sharing with MicroCapital their interview with Howard Bolnick, Chair of the International Actuarial Association’s (IAI’s) Working Group on Microinsurance, as a lead up to the Seventh International Microinsurance Conference, November 8 – November 10, 2011, Rio de Janeiro, Brazil.
1. How did you become involved in microinsurance and what is your current role?
I became involved in microinsurance through my active role in the International Actuarial Association (IAA), which represents the actuarial profession in matters of interest to the worldwide profession.
MICROCAPITAL BRIEF: Mexican Microfinance Institution Banco Compartamos Issues $147m in Long-Term Debt
Mexican microfinance institution Banco Compartamos, S A, Institucion de Banca Multiple has issued local bank bonds (certificados bursatiles bancarios) amounting to MXN 2 billion (USD 147 million) in the local debt capital market.
MICROCAPITAL BRIEF: Peruvian Microinsurance Company Protecta Predicts First Profit in 2012, Expanding Distribution Network
Protecta, the microinsurance provider of Peru-based microfinance holding company Grupo ACP, reportedly is predicting that it will turn its first annual profit in the year 2012 [1].
MICROFINANCE PAPER WRAP-UP: The Impact of the Global Financial Crisis on Microfinance and Policy Implications, by Gabriel Di Bella, published by the International Monetary Fund
Published by the Western Hemisphere Department of the International Monetary Fund (IMF) as IMF Working Paper No. WP/11/175, 2011, 41 pages, available at: http://www.imf.org/external/pubs/ft/wp/2011/wp11175.pdf
MICROCAPITAL BRIEF: Grameen Foundation, US Agency for International Development (USAID) to Provide $1.5m in Credit Guarantees to Back Local-Currency Loans From Peruvian Credit Union Abaco to Microfinance Institutions (MFIs) Pro Mujer, Asociación Arariwa of Peru
Grameen Foundation, a US-based nonprofit organization that supports microfinance institutions (MFIs), and the United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, will respectively provide credit guarantees worth USD 300,000 and USD 1.2 million to Cooperative de Ahorro y Credito Abaco, a Peruvian credit union.
MICROCAPITAL BRIEF: FINCA Case Studies Explore Relationship Between Food Security and Microfinance, Analyze Client Data Using World Bank’s Human Opportunity Index
FINCA International, a US-based network of microfinance institutions (MFIs) in 21 countries, recently published two case studies: “Exploring the Linkages between Food Security and Microfinance: A Study by FINCA in Zambia and Guatemala” and “FINCA Client Data Viewed through World Bank’s Human Opportunity Index.”
MICROCAPITAL BRIEF: Dual Return Fund of Vision Microfinance Loans $1.5m to Microfinance Institutions in Colombia, Dominican Republic
Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that the Dual Return Fund – Vision Microfinance Local Currency, a sub-fund of Absolute’s Vision Microfinance that provides loans to microfinance institutions (MFIs) exclusively in local currencies, made debt investments totaling the equivalent of USD 1.5 million in unnamed MFIs in Colombia and the Dominican Republic [1].