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.
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MICROFINANCE EVENT: What Are the Key Barriers to Effective Group Lending? Online Discussion Hosted by Social Performance Management (SPM) Network through October 14, 2011
Event Name: What Are the Key Barriers to Effective Group Lending?
Event Date: October 10 – October 14, 2011
Event Location: Online
MICROCAPITAL BRIEF: responsAbility Loans $4.4m to Profinanzas of Peru, Coomuldesa of Colombia, the Mexican Arms of ProCredit and ProMujer
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance, recently reported to MicroCapital that it made debt investments totaling the approximate equivalent of USD 4.4 million through microinvestment vehicles (MIVs) it manages to Profinanzas of Peru, Coomuldesa of Colombia and the Mexican arms of ProCredit and ProMujer.
MICROCAPITAL BRIEF: Global Partnerships, Sustainable Harvest Collaborate to Provide $963k in Microloans to Coffee Cooperatives Aprocassi of Peru, Café y Desarrollo/REDCAFES of Mexico
Global Partnerships (GP), a US-based nonprofit investor in microfinance institutions (MFIs), recently announced that it partnered with Sustainable Harvest, a US-based specialty coffee importer focused on sustainable supply chain practice, to provide USD 963,000 in loans to two fair-trade coffee cooperatives based in Latin America: USD 465,000 to Aprocassi of Peru and USD 498,000 to Café y Desarrollo/REDCAFES of Mexico.
MICROFINANCE EVENT: USAID, SHOPS Present “Panel Discussion on Wealth and Health: Leveraging Microfinance for Better Health Outcomes,” June 13, 2011, Washington, DC, USA, And Online
Event Name: Panel Discussion: Wealth and Health: Leveraging Microfinance for Better Health Outcomes
Event Date: June 13, 2011
Event Time: 11:00 am to 1:00 pm
Event Location: Online or at the Diplomat Ballroom, Omni Shoreham Hotel, 2500 Calvert Street NW, Washington, DC, USA
MICROCAPITAL BRIEF: Microfinance Investment Vehicle BlueOrchard Private Equity Fund Completes First Distribution to Investors of $7.5m
BlueOrchard Private Equity Fund (BOPE Fund), an investment vehicle of Switzerland-based, commercial microfinance intermediary Blue Orchard, has announced its first distribution to investors. The USD 7.5 million distribution comes three years after the fund’s first close and includes proceeds from a partial exit from indirect shareholding in TenGer Financial Group, the single owner of XacBank, a Mongolian community development bank and microfinance institution (MFI). BOPE Fund remains a direct shareholder of TenGer Financial Group which reported total assets of MNT 322 billion (USD 256 million).
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: At Clinton Global Initiative, Omidyar Network Commits to Investing $55m in Technology that Supports Government Transparency and Financial Access through Mobile Technology
The Omidyar Network, a United States-based socially responsible investment firm, announced at the recent sixth annual meeting of the Clinton Global Initiative that it would invest USD 55 million in technological innovations that promote government transparency and economic empowerment.
MICROCAPITAL BRIEF: Obama Attends Sixth Annual Meeting of Clinton Global Initiative (CGI), Microfinance Initiative by Pakistan’s Kashf Foundation Announced
On September 21, 2010, US President Barack Obama and 64 current and former heads of state attended the opening of the sixth annual meeting of the Clinton Global Initiative (CGI), a forum on international development founded in 2005 by former US President Bill Clinton.
MICROCAPITAL BRIEF: Small Enterprise Education and Promotion (SEEP) Network Adds Updates and New Standards to Its “Microfinance Reporting Standards Initiative”
The Small Enterprise Education and Promotion (SEEP) Network, a US-based non-governmental organization (NGO) with the goal of connecting microenterprise practitioners, has recently announced that it will be adding updates and new standards to its “Microfinance Reporting Standards Initiative,” a voluntary compliance effort to bring together stakeholders on reporting standards for MFIs. The “Microfinance Reporting Standards Initiative” is an update to SEEP Network’s 2005 financial performance publication entitled “Measuring Performance of Microfinance Institutions: A Framework for Reporting, Analysis, and Monitoring” (SEEP FRAMEWORK).
MICROFINANCE EVENT: Red Centroamericana de Microfinanzas (REDCAMIF) Hosts the Fifth Central American Microfinance Conference in San Jose, Costa Rica, August 25 to August 27, 2010
Event Name: V Central American Microfinance Conference ‘Crisis: Lessons Learned and New Strategies’
MEET THE BOSS: Rick Beckett, CEO of Microfinance Fund Manager Global Partnerships, Which Will Host a Social Investor Forum on June 8, 2010, in Seattle, Washington, USA
MicroCapital: What is your personal motivation for investing in microfinance?
Rick Beckett: I spent the first 20 years of my career in the private sector. My motivation is really rooted in a couple things: one is I want to live in a world where everybody is treated like they matter, and for me that’s a lot about people having the opportunity to earn a living and provide for their families. We don’t live in that kind of a world. I do the work I do at Global Partnerships and Direct Relief and elsewhere because I’m interested in how we can use market solutions to advance the common good. I’m intrigued by the opportunity to change investment markets to incorporate more social motivations. I’m intrigued by the evolution of enterprises and products to incorporate more of the common good, both in terms of global poverty and global health issues as well as environmental issues. So it’s a combination of wanting to see a different world and intrigue in how the market mechanisms are evolving to advance that. So it’s a pretty interesting place to be in right now.
MC: You have said previously that “All microfinance is not created equal.” How you make such distinctions?
KNOW A MICROFINANCE FOUNDATION: Ford Foundation
Overview:
The Ford Foundation provides grants and loans to organizations and individuals that address social causes.
KNOW A MICROFINANCE FUND: Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA), Microcred Group, MicroCredit Enterprises, CRS CORDAID Microfinance Alliance Fund
The following funds are detailed in this brief:
Luxembourg Microbanking Intermediary Scheme Appui au Developpement Autonome (Luxmint ADA)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Luxembourg+Microbanking+Intermediary+Scheme+Appui+au+Developpement+Autonome+%28Luxmint+ADA%29
Microcred Group
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCred
MicroCredit Enterprises
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroCredit+Enterprises
CRS CORDAID Microfinance Alliance Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CRS+CORDAID+Microfinance+Alliance+Fund
KNOW A MICROFINANCE FUND: Hivos-Triodos Fund (HTF), Incofin Rural Impulse Fund (RIF), Incofin VDK MFI Loan Portfolio, ACCION Latin America Bridge Fund (LABF)
The following microfinance investment funds are profiled in this brief:
Hivos-Triodos Fund (HTF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Hivos-Triodos+Fund+%28HTF%29
Incofin Rural Impulse Fund (RIF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+Rural+Impulse+Fund+%28RIF%29
Incofin VDK MFI Loan Portfolio
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Incofin+VDK+MFI+Loan+Portfolio
ACCION Latin America Bridge Fund (LABF)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Latin+America+Bridge+Fund+%28LABF%29
KNOW A MICROFINANCE FUND: Fonds International de Garantie (FIG) (International Guarantee Fund (IGF)), Investisseur et Partenaire pour le Développement (I&P), Gray Ghost Fund, Incofin Impulse Microfinance Fund
The following microfinance investment funds are profiled in this brief:
Fonds International de Garantie (FIG) (International Guarantee Fund (IGF))
Investisseur et Partenaire pour le Développement (I&P)
Gray Ghost Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Gray+Ghost+Fund
Incofin Impulse Microfinance Fund
KNOW A MICROFINANCE FUND: Calvert Foundation
Overview:
The Calvert Foundation provides loans to organizations that provide affordable housing, microfinance, small business loans, and community facilities.
MICROCAPITAL.ORG STORY: The 2009 Social Performance Reporting Awards for Microfinance Are In
To qualify for the award, an MFI must meet certain standards developed by the Social Performance Task Force. The Social Performance Task Force (SPTF) was formed in March 2005 by CGAP, the Argidius Foundation, and the Ford Foundation to define social performance for the microfinance industry and address questions relating to social performance measurement and management. The SPTF consists of over 350 leaders from the microfinance field, including practitioners, donors and investors, national and regional networks, technical assistance providers, rating agencies, academics and researchers.