Source: Hoovers.
Search Results for: Mexico
MICROFINANCE EVENT: FT and IFC Launch 2008 Sustainable Banking Awards for Microfinance Institutions and Investors
The 2008 Financial Times Sustainable Banking Awards will be held in London on June 3, 2008. Started in 2006, in partnership with the World Bank’s International Finance Corporation (IFC), the FT Sustainable Banking Awards recognizes banks that have shown leadership and innovation in integrating social, environmental and corporate governance objectives into their operations.
MICROCAPITAL STORY: IDB Makes Donation to Billion Dollar Standard & Poor’s
The Inter-American Development Bank (IDB) will subsidize USD 405,000 of a Standard & Poor’s (S&P) project to develop a globally accepted rating system of microfinance institutions (MFIs). S&P is a rating service and a division of McGraw-Hill Companies. The actual funding will be by the Multilateral Investment Fund (MIF), a fund administered by the IDB to encourage private sector development of micro-enterprise in Latin America and the Caribbean (LAC).
The stated goal and rationale of this project is to increase capital flow to micro-banks. However, with MIF’s public money subsidizing a company with over USD 1 billion in annual profits, such justification is thin. Top micro-banks do not suffer from too little investment, but rather there is now far too much money chasing too few micro-banks. Has the IDB gotten it exactly wrong?
MICROCAPITAL STORY: Compartamos Windfall One Year Later
Nearly one year since the well-publicized and successful IPO of Banco Compartamos, its stock has not maintained its initial and sizable gains. Compartamos is Mexico’s largest microfinance bank, the first “home-grown” microfinance institution to complete an IPO, and the continued subject of debate within the microfinance industry.
MICROCAPITAL STORY: Oikocredit of the Netherlands Invests $12.2m in Latin American Microfinance Institutions
Oikocredit invested a total of USD 12.2 million in eleven different Latin American microfinance institutions (MFIs) during November 2007 according to the Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP).
NEWS WIRE: The Economist Writes On “The Growing Influence of Social Entrepreneurs” in Microfinance
“Unreasonable people power”
MICROCAPITAL STORY: Forbes’ Special Feature on Private Investment in Microfinance Includes Top 50 Microfinance Institutions
Forbes, a American business and financial news magazine, presented the list of top 50 microfinance institutions (MFIs) of 2007 in its special feature on the private investment in the microfinance industry.
NEWS WIRE: USA: Head of Morgan Stanley’s Microfinance Institutions Group Writes in Forbes
Source: Forbes.
PRESS RELEASE: Microcredit Summit Campaign Releases 2007 Report
Source: Microcredit Summit Campaign.
NEWS WIRE: USA: More From Forbes – On the Pitfalls of Microfinance Investing
Forbes: “A lot of people are chasing returns in barefoot banking. Here’s what you should know before you follow.”
MICROCAPITAL STORY: Study by Consultative Group to Assist the Poor (CGAP) and Innovations for Poverty Action (IPA) Reveals that Marketing Affects Savings Among Poor in Peru
CGAP’s (Consultative Group to Assist the Poor) most recent issue of its Portfolio Newsletter outlined a recent study conducted by Innovations for Poverty Action (IPA) and funded by CGAP that focused on specific marketing techniques to encourage long-term savings among poor Peruvians.
MICROCAPITAL STORY: InterContinental Hotels Group Collaborates with Tropical Agricultural Research and Higher Education Center To Initiate a Loan Program in Costa Rica
The Americas region of InterContinental Hotels Group (IHG), a UK-based international hotel company, partnered with Tropical Agricultural Research and Higher Education Center (CATIE) by funding a microcredit program for small farmers of Costa Rica. In the first phase of the program, the initial donation of USD 10k from IHG to CATIE became available for small farmers of rural Costa Rica to borrow for uses such as enhancement of operations. IHG has previously funded two other microcredit programs of village banks in Mexico that provide business loans for women. It also has made a commitment for another microcredit initiative in 2008.
MICROCAPITAL SPECIAL FEATURE: 2007 Equity Investments in Small and Medium Sized Microbanks, Part 3 of 3
December 10, MicroCapital.org featured Part 2 of a series on 2007 Equity Investments in Small and Medium Sized Microbanks. Previously, detailed information was provided on institutions with less than USD 100 million in assets. Here, in Part 3, we provide detailed financial and outreach information on microbanks with total assets greater than USD 100 million and less than USD 200 million. The institutions are presented in ascending order based on asset size.
MICROCAPITAL SPECIAL FEATURE: 2007 Equity Investments in Small and Medium Sized Microbanks, Part 2 of 3
On December 5, MicroCapital.org featured Part 1 of a series on 2007 Equity Investments in Small and Medium Sized Microbanks. Here, in Part 2, we provide detailed financial and outreach information on microbank’s with total assets under USD 100 million. The institutions are presented in ascending order based on asset size.
MICROCAPITAL STORY: Oikocredit of the Netherlands Lends $1m to Latin America Microfinance Promoter Pro Mujer
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported Oikocredit, a co-operative financial development institution in the Netherlands, issued a loan to the Pro Mujer Network. The network reported that the loan was extended to Pro Mujer Peru in the amount of 3.2 million nuevos soles (USD 1 million).
PRESS RELEASE: Inter-American Development Bank (IDB) Grants $1m to Mexican Microfinance Institution FinComun to Help 450,000 Grupo Bimbo Retailers Make More Bread
Source: Inter-American Development Bank (IDB)
MICROCAPITAL STORY: responsAbility Global Microfinance Fund of Switzerland Lends $500k to Microfinance Institution ENLACE and $487k to Microfinance Institution EDPYME Confianza
The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported responsAbility Global Microfinance Fund, a Luxembourg-based fund, issued a loan of USD 500,000 to ENLACE and a loan of USD 487,439 to EDPYME Confianza, both Latin America microfinance institutions (MFIs).
MICROCAPITAL STORY: MicroCapital talks to Shari Berenbach, Executive Director of the Calvert Foundation, About the Foundation’s Relationship with MicroPlace and how it Became the First Issuer to Sell Investments on the Site
The Calvert Foundation has always been at the cutting edge of social community investing, so it was no surprise to find out that it was the first issuer to market securities on the new retail microfinance web-brokerage service owned by eBay, MicroPlace. Through MicroPlace it is marketing 15 microfinance institutions to which everyday investors can make loans by investing in Calvert Community Investment Notes.