responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has made loans totaling USD 4.7 million to microfinance institutions (MFIs) in Tajikistan.
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MICROCAPITAL BRIEF: MicroCred Senegal, Middle East Micro Credit Company (MEMCC) of Jordan Borrow $2m From responsAbility Social Investments of Switzerland
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has made local currency loans totaling the equivalent of USD 2 million to microfinance institutions (MFIs) in Senegal and Jordan.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), Oikocredit, Incofin, Calvert Foundation Make Syndicated Loan of $9m to Cooperativa de Ahorro y Crédito (COAC) Jardín Azuayo of Ecuador
The Inter-American Development Bank (IDB), a US-based, multilateral, development finance organization, recently announced that it has syndicated a USD 9 million loan to Cooperativa de Ahorro y Crédito (COAC) Jardín Azuayo, a savings and credit cooperative in Ecuador. USD 3 million of the loan has been funded by IDB, the lead arranger in the transaction, through its “Opportunities for the Majority” initiative. The remaining USD 6 million was funded by the following three impact investors: Oikocredit, a Dutch cooperative investment fund that invested USD 3 million [2]; Incofin, a Belgian investment management firm that invested USD 2 million [3]; and Calvert Foundation, a private US foundation that invested the remaining USD 1 million [4].
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Loans Totaling $2.9m to CREDIT of Cambodia, Sathapana Limited of Cambodia, HUMO and Partners of Tajikistan, Community Economic Ventures Incorporated (CEVI) of the Philippines
responsAbility Social Investments AG, an investment company based in Switzerland, has recently reported to MicroCapital that it has made loans totaling the equivalent of USD 2.9 million to microfinance institutions (MFIs) in Cambodia, Tajikistan and the Philippines.
MICROCAPITAL BRIEF: responsAbility Social Investments Loans Total of $5.8m to Banco Solidaro of Ecuador, Fundación de Apoyo Comunitario y Social del Ecuador (FACES) of Ecuador, Edpyme Alternativa of Peru, Apoyo Integral of El Salvador
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has made loans totaling approximately USD 5.8 million to microfinance institutions (MFIs) in Ecuador, Peru and El Salvador.
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: Liberty Mutual Offers Low-Cost Health Insurance in Colombia, Includes Payment Through Gas Company
Liberty Mutual, a US-based insurance provider that has subsidiaries across Asia, Europe and Latin America, has recently started offering health insurance policies to poor people in the slums of Barranquilla, Columbia. Micheal McCord, founder of the Microinsurance Centre, a for-profit organization that designs insurance policies for the poor, stated that while microcredit helps the poor in starting businesses and earning profits, an event such as serious health problem or death in the family can wipe out the profits earned if the entrepreneur is uninsured [1].
MICROCAPITAL BRIEF: MFTransparency Launches Pricing Data Report on India’s Microfinance Industry
MFTransparency, a US-based nongovernmental organization that aims to provide information on credit products and pricing in a clear and uniform fashion, recently released the pricing data report of its Transparent Pricing Initiative in India.
MICROCAPITAL BRIEF: Mexican Microfinance Bank Compartamos Banco Looks To Expand in Other Latin American Nations
Carlos Danel, an executive vice president and co-founder of Mexican microfinance bank Compartamos Banco, recently said that the bank is looking to expand into other countries that have similar markets to Mexico, particularly other Latin American countries.
MICROCAPITAL BRIEF: Inter-American Development Bank’s Multilateral Investment Fund Makes Local-Currency Debt Investment Worth $1.6m to Fondo Esperanza of Chile and Haitian Credit Unions Caisse Populaire Marigot, Caisse Populaire Kotelam, Caisse Populaire Fraternite
In January 2011, the Inter-American Development Bank (IDB) provided MicroCapital with data pertaining to debt and equity investments made during 2010 via the Multilateral Investment Fund (MIF) and the Social Entrepreneurship Program (SEP). The investments are covered by MicroCapital in three separate briefs.
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: Eyeing International Expansion, Mexican Microfinance Bank Compartamos Banco Directs Shares to Holding Company
Mexican microfinance bank Compartamos Banco recently announced that it plans to transfer its shares into the newly created holding company Compartamos SAB through an exchange offer.
MICROCAPITAL BRIEF: responsAbility Social Investments Loans $2.67m to Mexican Microfinance Institution (MFI) KapitalMujer and Crezcamos of Colombia
Three microfinance investment vehicles managed by the Swiss social investment company responsAbility (ResponsAbility Global Microfinance Fund (rAGMF), ResponsAbility Microfinance Leaders Fund (rAMLF) and responsAbility Mikrofinanz-Fonds) loaned a total of USD 2.67 million to microfinance institutions (MFIs) KapitalMujer and Crezcamos Colombia.
MICROCAPITAL BRIEF: Microfinance Bank Compartamos Banco, Researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University to Study How Customers Use Microfinance Products
Compartamos Banco, a microfinance bank based in Mexico, and researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University have announced that they will conduct a four-year study to determine how microfinance bank customers use financial products and to quantify the impact these products have on customers’ lives.
MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Finance Invests $8m in Caja Municipal de Ahorro y Crédito (CMAC) Ica and Crear Arequipa of Peru, Pro Mujer Bolivia and Fundación para el Desarrollo Socioeconómico Rural (FUNDESER) of Nicaragua
BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, recently reported to MicroCapital the details of four debt investments made during the month of September 2010 to microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica and Crear Arequipa of Peru, the Bolivian operations of Pro Mujer and Fundación para el Desarrollo Socioeconómico Rural (FUNDESER) of Nicaragua.
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.
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: Mexican Microfinance Institution (MFI) Compartamos Banco Raises $80m With Bond Issue
Compartamos Banco, a microfinance institution (MFI) based in Mexico, announced that it has raised MXN 1 billion (approximately USD 80.6 million) through the public issuance of local bank bonds (‘Certificados Bursátiles Bancarios’) in the local debt capital market.