Here is another story coming courtesy of the Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse. Global Partnerships, a US-based investment firm devoted to microfinance, has struck an investment deal with microfinance institution (MFI) Pro Mujer Bolivia. The deal consists of a USD 750,000 loan from Global Partnerships Microfinance Fund 2006 to the Bolivian MFI (see “Investments”).
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MICROCAPITAL STORY: Pro Mujer Executive Director Carmen Velasco Discusses Microfinance at the White House Conference on the Americas
Pro Mujer, meaning “Pro Woman” in Spanish, is a Latin American development organization that facilitates the growth of sustainable microfinance institutions. Founded in Bolivia in 1990, it now also operates in Argentina, Mexico, Nicaragua, and Peru. Pro Mujer’s most recent combined financial statement, published in 2006, revealed assets in excess of USD 25 million and a loan portfolio over USD 19 million. With an estimated client base of over 200,000, Pro Mujer helps thousands of poor, uneducated women to escape poverty by encouraging entrepreneurial pursuits through financial services and training.
Pro Mujer Bolivia Receives 1 Million in Microfinance Loans from Hivos-Triodos and responsAbility Global Microfinance
Another story coming to us courtesy of the CGAP-MIX Capital Markets Update newsletter, Pro Mujer Bolivia received a USD 500,000 loan from Hivos-Triodos Fund and a USD 500, 000 loan from responsAbility Global Microfinance Fund. Pro Mujer is an international microfinance network which offers an integrated package of services including loans, savings, business training, healthcare and education to Latin America’s poorest female entrepreneurs. Established in Bolivia in 1990, Pro Mujer also operates in Argentina, Mexico, Nicaragua and Peru. Pro Mujer Bolivia is Pro Mujer’s pilot program, and has been the model on which all the other country programs have been built. As of December 2006 Pro Mujer Bolivia had 74,106 active borrowers. Its gross loan portfolio equaled USD 13,588,275, total assets equaled USD 18,320,623, total equity equaled USD 8,573,644 and its debt to equity ratio was 113.69%.
Grameen Foundation Growth Guarantee Secures $600,000 for Pro Mujer Peru
Grameen Foundation has executed its first Growth Guarantee transaction in Peru leveraging US$600,000 for Pro Mujer Peru. As stated in the press release, the financing from Banco de Credito de Peru, that country’s largest bank, was facilitated by a guarantee of US $300,000, and will fuel Pro Mujer’s plans to reach more than 72,000 poor women by 2009. This is Grameen Foundation’s second Growth Guarantee with a Pro Mujer affiliate.
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Pro Mujer Names Ben Moyer Its First Chief Executive Officer
As stated in a press release, Pro Mujer named Ben Moyer, Senior Consultant with Wainwright Investment Counsel, an independent investment consulting firm, its first Chief Executive Officer. Lynne Patterson and Carmen Velasco, Pro Mujer’s founders, will work with Mr. Moyer to develop the future path of the organization as well as now fully dedicate themselves to the network’s geographic and service expansion and to cultivating deeper relationships within the donor community.
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The Grameen Foundation’s Microfinance Awards Honors LAPO of Nigeria, Pro Mujer Bolivia, and the Ford Foundation’s Asset Building & Community Development Program
The Grameen Foundation presented its annual Microfinance Awards this year on November 9, 2006 in New York City. LAPO of Nigeria received the Excellence in Microfinance Award and Pro Mujer Boliva received the Pioneer in Microfinance Award. A third award was introduced and presented to the Ford Foundation’s Asset Building & Community Development Program, a program that develops models to measure how the lives of microfinance clients have changed.
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Impulse Microfinance Investment Fund, Managed by Incofin, Makes USD $1 Million Debt Investment in Pro Mujer Bolivia
Private investor Impulse Microfinance Investment Fund loaned $1 million to non-profit Pro Mujer Bolivia, member of the ProMujer network operating in Bolivia, Peru, Nicaragua, and Mexico (see list and definition of microfinance networks here).
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American Microfinance Investment Fund Unitus Strikes Deals with Pro Mujer Mexico and the Jamii Bora Trust of Kenya
Unitus, a non-profit microfinance investment fund with assets of US$7,100,000 as of August 2004, completed three new microfinance investment deals. Unitus provides both strategic consulting and funding for microfinance institutions using its “Acceleration Model.”
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Inter-American Development Bank Investing and Granting $650,000 to Microfinance Institution Pro Mujer Mexico
The Inter-American Development Bank (IADB) has approved financing, which includes a $500,000 loan and a $150,000 grant, for microfinance institution (MFI) Pro Mujer Mexico (PMM), which is a part of the New York City administered transnational wholesale microfinance network Pro Mujer International. The new funding will allow PMM to extend microcredit to Central Mexico, where microfinance services are not well-established. The MFI will subsequently make initial loans between $50 and $150 to both rural and urban women microentrepreneurs. PMM is a relatively young institution established in 2002, which had a $1.2 million loan portfolio and over 10,000 active borrowers at year end 2004.
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MICROCAPITAL BRIEF: Ilu Women’s Empowerment Fund Invests $1m in Acceso Financiero for Microfinance in Honduras
The managers of the Ilu Women’s Empowerment Fund recently invested USD 1 million from the fund in the Honduran unit of Mexico-based Acceso Financiero, a microfinance institution (MFI) that provides credit to approximately 40,000 low-income clients in rural El Salvador, Guatemala, Honduras and Mexico. The investment, which is in the form of “risk adjusted blended finance capital,” is
MICROFINANCE EVENT: Gender Lens Investing Forum and Foro Latinoamericano de Inversión de Impacto (FLII); November 7-10, 2022; Antigua, Guatemala
The Gender Lens Investing (GLI) Forum will address advancing investment from a gender perspective in order to promote equality and economic growth. The agenda will address five central areas: (1)
SPECIAL REPORT: CRECER, Dreamlopments, Fonkoze in Finals for European Microfinance Award 2021 on Inclusive Finance & Health Care
From 
the European Microfinance Platform (e-MFP): On the 22nd and 23rd September 2021, the Selection Committee for the European Microfinance Award 2021 (EMA 2021) on “Inclusive Finance & Health Care” chose the three finalists who will go on to compete for the EUR 100,000 (USD 117,000) prize: CRECER IFD from Bolivia, Dreamlopments Limited from Thailand and Fonkoze from Haiti.
Access to quality health care underpins everything else: it allows education to play its role in opening new opportunities; it allows people to earn, invest and employ others; it lets groups and societies prosper. But paying for health care is the single biggest
MICROCAPITAL BRIEF: FIE NGO of Bolivia Buys Back Equity Stake in Its Spanish Subsidiary CONFIE from Impact Investor Bamboo Capital
Bamboo Capital Partners, a Luxembourg-based impact fund manager, recently announced its exit from Spain-based Corporación para el Fomento a Iniciativas Económicas (CONFIE), whose holdings include Banco FIE, a microfinance institution in Bolivia. Bolivia-based Fomento a Iniciativas Económ
MICROFINANCE EVENT: Arab #FinTex Symposium; December 12-13, 2018; Abu Dhabi, UAE
The Arab #FinTex Symposium 2018 will address how financial technology (fintech) solutions such as blockchain mechanisms can increase financial inclusion and economic development in the Arab region. This event, presented by the Financial Inclusion for the Arab Region Initiative (FIARI), is co-hosted by the Central Bank of the UAE, the UAE-based Arab Monetary Fund, Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the Malaysia-based Alliance for Financial Inclusion (AFI) and the World Bank. The plenary topics include (1) Blockchain & Crypto-assets Benchmarking – Opportunities & Challenges for Financial Inclusion; (2) Digital Identity; (3) The Blockchain – Hype vs. Reality for Digital Financial Transformation?; and (4) RegTech & SupTech Opportunities to
MICROCAPITAL BRIEF: MicroFinanza Rating Issues Financial, Social, Microfinance Investment Vehicle (MIV) Ratings; Client Protection Certifications in Burkina Faso, France, Asia, Latin America
Italy-based MicroFinanza Rating (MFR) recently informed MicroCapital that during June it issued three Social Ratings, 11 Financial Ratings and two Client Protection Certifications to 13 microfinance institutions (MFIs).
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 27 Rating Updates, New Reports for Microfinance Institutions in the Philippines, Latin America
During October 2017, MicroFinanza Rating (MFR) issued a Microfinance Institutional Rating (MIR) of BB with a Stable outlook to Rangtay sa Pagrang-ay Microfinance of the Philippines. MFR also updated the MIRs of three affiliates of US-based Pro Mujer Incorporated: Pro Mujer Argentina’s was confirmed at BB+ with a Positive outlook; Pro Mujer Nicaragua’s was confirmed at BBB+ with a Stable outlook; and Pro Mujer Mexico’s was upgraded
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 13 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Albania, Morocco, Namibia, Asia, Latin America
During July and August, Italy’s MicroFinanza Rating (MFR) issued five microfinance institutional ratings. Morocco’s Attadamoune Micro-Finance was assigned the grade B+ with a stable outlook. Ecuador’s Fundación Espoir and Albania’s FED Invest both earned grades of BB with stable outlooks. Two institutions earned grades of
MICROCAPITAL BRIEF: MicroFinanza Rating Issues 8 Institutional, Social, Client-protection Credentials to Microfinance Institutions in Asia, Latin America
During June, Italy’s MicroFinanza Rating (MFR) issued four microfinance institutional ratings. Ecuador’s Insotec earned a rating of BBB with a stable outlook.