Financiera Independencia, a Mexican microfinance institution, recently concluded an 85 million share capital increase.
Search Results for: Mexico
MICROCAPITAL BRIEF: MFTransparency Launches Microfinance Blog
MFTransparency, founded in July of 2008 as part of a global initiative to promote transparent pricing in the microfinance industry, has launched a blog to complement its website.
MICROCAPITAL BRIEF: Major League Baseball Players Association (MLBPA) Pledges $100k to Esperanza International for Microfinance Efforts in Haiti
The Major League Baseball Players Association (MLBPA), the trade union of United States Major League Baseball players, recently pledged USD 100,000 to Esperanza International, an organization that aims to alleviate poverty with social programs and microcredit, to aid in the reconstruction of Haiti. The donation will come from the MLBPA’s Players Trust, a fund created by the MLBPA.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $2.5m in Mexican Company Mi Tienda to Support Microfinance for Micro, Small, and Medium-Sized Enterprises (MSMEs)
The International Finance Company (IFC), the investment arm of the World Bank, has signed a long-term agreement with Mexico’s Sistema Integral de Abasto Rural, known as Mi Tienda, to help the distribution center expand its operations to provide owners of micro, small, and medium-sized enterprises (MSMEs) with microcredit, insurance, and other financial services. IFC has agreed to provide USD 2.5 million in equity financing to support the expansion.
WHO’S WHO IN MICROFINANCE: MicroEnsure
MicroEnsure was founded in 2005 as a wholly owned subsidiary of Opportunity International, a global non-profit microfinance network created in 1974.
MEET THE BOSS: Sebastien Duquet, Managing Director of PlaNIS (PlaNet Investment Services), a member of the PlaNet Finance Group
Sébastien Duquet is the Managing Director of PlaNIS (PlaNet Investment Services), a member of the PlaNet Finance Group.
MicroCapital: What is your background?
SD: Until recently, I was the Managing Director of PlaNet Finance, where I have worked since 2002. Previously, I was an auditor for Andersen and Ernst & Young for ten years, and I also worked for two years at HSBC bank.
MC: Please describe PlaNet Investment Services.
WHO’S WHO IN MICROFINANCE: Compartamos Banco
Compartamos Banco, the largest microfinance bank in Mexico in terms of client base, was founded in Mexico in 1990 as a faith-based non-governmental organization offering microcredit to small businesses.
MICROCAPITAL BRIEF: Batey Relief Alliance (BRA) Starts Microcredit Schemes for “Women’s Empowerment Program” in Haiti and Dominican Republic
The Batey Relief Alliance (BRA), a humanitarian aid organization, plans to launch agricultural and human capital development programs in rural regions of Haiti and the Dominican Republic.
MEET THE BOSS: Isabelle Levard, Deputy CEO of MicroCred, a member of the PlaNet Finance Group
Isabelle Levard is Deputy CEO of MicroCred, a member of the PlaNet Finance Group.
MicroCapital: Please describe MicroCred.
Isabelle Levard: MicroCred is an investment company founded by PlaNet Finance that creates, builds and manages microfinance institutions.
KNOW A MICROFINANCE FUND: P.T. Usaha Karya Bina Mandiri (PT UKABIMA), Omidyar LLC, Partners for the Common Good (PCG), PROFUND
The following microfinance funds are detailed in this brief:
MICROCAPITAL BRIEF: US-based Janta Foundation Accepting Online Microloans for Education in India, Nicaragua
The San Francisco-based Janta Foundation recently launched a website that allows individuals to make loans of USD 25 or more to be used for education in India or Nicaragua.
MICROCAPITAL BRIEF: Eton Park Capital Management Announces Plans to Invest $54.5m in Mexican Microfinance Institution Financiera Independencia
Eton Park Capital Management and Financiera Independencia (FI), a Mexican microfinance institution (MFI), have signed an agreement by which Eton Park will subscribe for 70 million shares of FI for MXN 700 million (USD 54.5 million).
KNOW A MICROFINANCE FUND: Kinnevik, Locfund, Lok Capital LLC, Legatum Ventures
The following microfinance investment funds are profiled in this brief:
KNOW A MICROFINANCE FUND: Elevar Equity II
Overview:
Elevar Equity II provides equity to microfinance institutions (MFIs) and companies in developing economies.
KNOW A MICROFINANCE FUND: CreSud SpA
Overview:
CreSud SpA offers financial resources to microfinance institutions (MFIs) and associate producers.
KNOW A MICROFINANCE FUND: Développement International Desjardins Investment Fund for international Development (DID FONIDI)
Overview:
The Investment Fund for international Development (FONIDI) invests in financing institutions or specialized funds within the financial sector in developing countries.
MICROCAPITAL BRIEF: ACCION Cleared to Invest in Brazil’s Microfinance Sector
ACCION International has reportedly received approval from President Luiz Inácio Lula da Silva to operate in Brazil. The US-based nonprofit will be allowed to hold 99 percent of the Brazilian operations of its Gateway Fund, which holds shares in microfinance institutions in Bolivia, Colombia, El Salvador, Haiti, India, Mexico, Panama, Paraguay, Peru and Venezuela.
MICROCAPITAL BRIEF: Microfinance Group FINCA, Deutsche Bank Announce $21m Sub-Debt Deal
FINCA International and Deutsche Bank have secured capital commitments of USD 21.2 million from private-sector investors for the FINCA Microfinance Fund BV. The offering will support on-lending and infrastructure development for FINCA affiliates in the Democratic Republic of Congo, Mexico and Central Asia. Investors in the fund include pension funds and socially-oriented private investors.
FINCA International reports 730,000 clients in 21 countries with an average loan size of USD 503.