The World Council of Credit Unions (WOCCU), a US-based trade association for credit unions in 51 countries, and Federación de Nacional de Cooperativas de Ahorro y Crédito (FENACOAC), an association of credit unions and cooperatives in Guatemala, is using technology to assist rural farmers in Guatamala and Mexico in achieving financial stability.
Search Results for: Mexico
MICROFINANCE EVENT: Hanson Wade Transformational Microfinance LATAM, May 22-23, 2012, Mexico City, Mexico
Event Name: Transformational Microfinance LATAM
Event Date: May 22 to May 23, 2012
Event Location: JW Marriott Hotel, Mexico City, Mexico
MICROCAPITAL BRIEF: Mexico, Indonesia, Haiti Use Tiered Savings Account Requirements to Promote Financial Inclusion
Mexico, Indonesia and Haiti are responding to the challenge of balancing financial access with security by creating tiered requirements for savings accounts.
MICROFINANCE EVENT: “Mobile Money: Connected Americas” to be held in Mexico City, March 26 – March 29, 2012
Event Name: Mobile Money Americas 2012
Event Date: March 26 – March 29, 2012
Event Location: Mexico City, Mexico
MICROCAPITAL BRIEF: Banorte, Rev Worldwide Announce Launch of Microfinance Program Offering Mobile Payments, MasterCard Services in Mexico
Mexican bank Banorte, with total assets at USD 47.6 billion as of 2010, has partnered with Rev Worldwide, a Texas-based payment solutions company, to launch a mobile-phone-based financial services program called MiFon.
MICROCAPITAL BRIEF: World Bank Approves $100m Loan to Facilitate Implementation of “Financial Consolidation and Inclusion Project” in Mexico
The World Bank’s (WB’s) Board of Directors recently approved a loan of USD 100 million to support the “Financial Consolidation and Inclusion Project” in Mexico.
MICROCAPITAL BRIEF: Mexico to Offer Insurance, Bank Accounts to 6m Families Via Oportunidades Public Benefit Program
President Felipe Calderon, the President of Mexico, recently announced that the 6 million families that are currently participating in Mexico’s public benefit program Oportunidades will be offered bank accounts with prepaid debit cards and the option to purchase life insurance.
MICROCAPITAL BRIEF: Microfinance Bank Compartamos of Mexico Seeking Acquisitions in Microinsurance, Mobile Banking Arenas
Mr Fernando Alvarez Toca, chief executive officer of the Mexican microfinance bank Compartamos Banco, reportedly has said that the bank is seeking to venture into “alternative products” such as microinsurance and mobile banking during 2012 either “through acquisitions in different countries or through organic growth” [1].
MICROCAPITAL BRIEF: Global Partnerships Lends $1.2m to Microfinance Institutions Pro Mujer, Café y Desarrollo of Mexico, Fundación Campo of El Salvador
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently announced that it will make loans totaling the equivalent of USD 1.2 million in three microfinance institutions (MFIs): Pro Mujer, for its Mexican operations; Café y Desarrollo of Mexico; and Fundación Campo of El Salvador [1].
MICROCAPITAL BRIEF: Triodos Invests in Microfinance Institutions (MFIs) Semilla Solidaria of Mexico; COMIXMUL of Honduras; CACMU of Ecuador; Sembrar Sartawi, IDEPRO of Bolivia
Triodos Investment Management, a Netherlands-based manager of four microfinance investment funds, recently reported to MicroCapital that it has invested an undisclosed amount of funds in five Latin American microfinance institutions (MFIs): Semilla Solidaria (SemiSol) of Mexico, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Cooperativa de Ahorro y Crédito Mujeres Unidas (CACMU) of Ecuador and Institución Financiera de Desarollo (IFD) Sembrar Sartawi and Instituto para el Desarrollo de la Pequeña Unidad Productiva (IDEPRO) both of Bolivia [1].
MICROCAPITAL BRIEF: responsAbility Loans $9.2m to Microfinance Institutions FINCA of Mexico, IDEPRO of Bolivia, EDPYME Alternativa of Peru, D-Miro of Ecuador
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made loans to microfinance institutions (MFIs) through its MIVs equivalent to the following amounts: the local-currency equivalent of USD 4.92 million to FINCA Mexico, the local-currency equivalent of USD 850,000 to Instituto para el Desarrollo de la Pequeña Unidad Productiva (IDEPRO) in Bolivia, USD 1.41 million to Entidad de Desarrollo a la Pequeña y Micro Empresa (EDPYME) Alternativa in Peru and USD 2 million to Fundación para el Desarrollo Microempresarial D-Miro (D-Miro) in Ecuador [1].
MICROFINANCE EVENT: Opportunity Collaboration to Host Poverty Alleviation UN-Conference, Ixtapa-Zihuatanejo de Azueta, Mexico, October 17 – 20, 2011
Event Name: Poverty Alleviation UN-Conference
Event Date: October 17 – October 20, 2011
Event Location: Club Med Ixtapa Pacific, Ixtapa-Zihuatanejo de Azueta, Mexico
MICROCAPITAL BRIEF: responsAbility Loans $10.5m in Local Currency to ProCredit Affiliates in Ecuador, Mexico; Peruvian Microfinance Institutions Confianza, Crear Arequipa
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made local-currency loans equivalent to the following amounts through its MIVs: USD 2 million to ProCredit Ecuador; USD 2.97 million to ProCredit Mexico; USD 2.05 million to Financiera Confianza and USD 3.5 million to Edpyme Crear Arequipa, the last two of which are microfinance institutions (MFIs) located in Peru.
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.
MICROCAPITAL BRIEF: Compartamos of Mexico Completes Acquisition of Majority Stake in Financiera Créditos Arequipa (Financiera Crear) of Peru
Compartamos, a holding company established in Mexico in 2010 with microfinance institution (MFI) Banco Compartamos as its only subsidiary, recently announced that upon receiving the approval of the Peruvian Securities and Exchange Commission, it settled the acquisition of an 82.7 percent stake in Financiera Créditos Arequipa SA (Financiera Crear), a Peruvian MFI, for USD 63 million. The transaction was initially announced by MicroCapital in March 2011. Banco Compartamos Director of Strategy Javier Fernández Cueto stated that this type of acquisition
MICROCAPITAL BRIEF: IDB Provides Partial Credit Guarantee to Patrimonio Hoy Microfinance Program of Mexico’s CEMEX to Boost Lending in Mexico, Colombia, Costa Rica, Nicaragua, Dominican Republic
The Inter-American Development Bank (IDB), a US-based development finance institution, will provide USD 10 million as a partial credit guarantee to Patrimonio Hoy, a microfinance initiative of Mexico-based building materials supplier CEMEX.
MICROCAPITAL BRIEF: Triple Jump Opens Office in Mexico, Surpasses $300m in Microfinance Investments, Celebrates Five-Year Anniversary
Triple Jump, a Netherlands-based advisory service and manager of three microfinance investment vehicles (MIVs), recently announced plans to open an office in Mexico City, Mexico, to serve the region of Central America and the Caribbean.
MICROCAPITAL BRIEF: Compartamos Banco of Mexico Announces Commencement of Lending Operations in Guatemala Through Subsidiary
Compartamos Banco, a Mexican microfinance bank, recently announced the initiation of microfinance operations in Guatemala through its subsidiary, Compartamos SA (Guatemala) [1].