Absolute Portfolio Management GmbH, an Austrian investment company specializing in microfinance, has reported that its Dual Return Fund, a sub-fund of Vision Microfinance, has loaned USD 6 million to unnamed microfinance institutions (MFIs) in Armenia, Ecuador, Georgia, Mexico and Peru.
Search Results for: Mexico
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Technology Blog Analyzes Developments in Mexico’s Microfinance and Banking Sectors, Publishes Summary Note Covering Mexico’s Branchless Banking Industry
As part of a series on branchless banking around the world, a post was recently published on the CGAP Technology Blog, a website operated by US-based think tank CGAP (Consultative Group to Assist the Poor), covering regulatory developments in the Mexican microfinance sector.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Debt Investments Worth $4m in Coffee Cooperatives Coagriscal and Coprocael of Honduras, Microfinance Institution Centro de Apoyo al Microempresario (CAME) of Mexico
responsAbility Social Investments, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 4 million to Coagriscal and Coprocael, Honduran coffee farming cooperatives and Centro de Apoyo al Microempresario (CAME), a microfinance institution (MFI) based in Mexico.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Provides 50% Credit Guarantee to $8.4m Bond Issuance of Housing Developer Vinte Viviendas Integrales of Mexico, Anticipates 2,200 Jobs Created
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced a 50 percent credit guarantee to a bond issuance in the amount of MXN 100 million (USD 8.4 million) offered by Vinte Viviendas Integrales, a housing developer in Mexico. Sergio Leal, Vinte’s CEO said that, “IFC’s structured financing will help Vinte access a new type of institutional investor to help expand our portfolio of affordable-housing projects.” [1]
MICROCAPITAL EVENT: Hanson Wade Hosts Transformational Microfinance LATAM in Mexico City, Mexico, May 17 – May 19, 2011
Event Name: Transformational Microfinance LATAM
Event Date: May 17 – May 19, 2011
Event Location: Mexico City, Mexico
MICROCAPITAL BRIEF: Global Partnerships (GP) Microfinance Funds Loan $1m to Enlace of El Salvador, Cafe y Desarrollo of Mexico
Global Partnerships (GP), a microfinance organization with offices in the United States and Nicaragua, recently reported to MicroCapital that it made debt investments worth USD 1 million to microfinance institutions (MFIs) in El Salvador and Mexico.
MICROCAPITAL BRIEF: responsAbility Social Investments of Loans $8m to Contactar of Colombia, Vision Banco of Paraguay, Forjadores de Negocios of Mexico and Ecuadorian Microfinance Institutions (MFIs) COAC Progreso, Fundación Alternativa
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has made debt investments totaling the equivalent of approximately USD 8.25 million in microfinance institutions (MFIs) in Colombia, Ecuador, Paraguay and Mexico.
MICROCAPITAL BRIEF: Banco Compartamos of Mexico Reports Flat Net Profit For Q4 as Staffing Level Rises 33% in One Year
Banco Compartamos, a microfinance bank that was established in Mexico in 1990, reported a net profit of MXN 515 million (USD 41.6 million) for the fourth quarter of 2010 compared to MXN 516 million (USD 42.5 million) for the same quarter of 2009.
MICROCAPITAL BRIEF: Global Partnerships (GP) Loans Total of $3m to Crediflorida and Fondo de Desarrollo Regional (Fondesurco) of Peru, Fundación Realidad Asociación Civil (FRAC) of Mexico and Fundación para el Desarrollo Microempresarial (D-Miro) of Ecuador
Global Partnerships (GP), a US-based nonprofit organization that supports microfinance institutions (MFIs) in Latin America, recently reported to MicroCapital that it disbursed loans totaling USD 3 million from its Social Investment Fund 2010 (SIF 2010) to four MFIs in Latin America.
MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Makes Loans Totaling $10m to FINCA International Subsidiaries in Azerbaijan, Russia, Ecuador and Mexico
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested loans approximately equivalent to USD 10.2 million to FINCA International subsidiaries in Azerbaijan, Russia, Ecuador and Mexico. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2].
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Makes $4m in Equity Investments in Solutiones de MicroFinanzas SA (Microserfin) of Panama, Banco ProCredit Honduras, enConfianza Microfinanciera of Mexico and $3.5m in Loans to Fondo de Desarrollo Regional (Fondesurco) of Peru, IFD Sembrar Sartawi of Bolivia
In January 2011, the Inter-American Development Bank (IDB) provided MicroCapital with data pertaining to debt and equity investments made during 2010 via the Multilateral Investment Fund (MIF) and the Social Entrepreneurship Program (SEP). The investments are covered by MicroCapital in three separate briefs.
MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) and Social Entrepreneurship Program (PES) of Inter-American Development Bank (IDB) Make $3.6m Debt Investment in Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras, Fondo de Desarrollo Comunal (FONDECO) of Bolivia, Fundacion de Apoyo Comunitario y Social del Ecuador (FACES), Alternativa Solidaria Chiapas (ALSOL) of Mexico
In January 2011, the Inter-American Development Bank (IDB) provided MicroCapital with data pertaining to debt and equity investments made during 2010 via the Multilateral Investment Fund (MIF) and the Social Entrepreneurship Program (SEP). The investments are covered by MicroCapital in three separate briefs.
MICROCAPITAL BRIEF: Mexican Microfinance Lender Financiera Independencia Acquires Apoyo Economico Familiar (AEF) of Mexico, Apoyo Financiero Incorporated (AFI) of California
Financiera Independencia, a Mexican microfinance lender with MXN 8.6 billion (the equivalent of USD 703 million) in assets, recently announced that it will acquire all of the outstanding shares of Apoyo Economico Familiar (AEF), a Mexican provider of unsecured personal loans with MXN 951 million (the equivalent of USD 77.6 million) in total assets, and purchase a 77-percent ownership stake in Apoyo Financiero Incorporated (AFI), a microfinance lender serving the unbanked Hispanic community in San Francisco, California.
MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Worth $5m in Contactar of Colombia, FODEMI of Ecuador, FINCA Mexico and Edpyme Raiz of Peru
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it made five investments totaling USD 5.3 million in four microfinance institutions (MFI) in Mexico and South America.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Confederación de Cámaras Industriales de los Estados Unidos Mexicanos (CONCAMIN) and Instituto Tecnológico y de Estudios Superiores de Monterrey Partner To Launch Web-Based Toolkit for Mexico
The International Finance Corporation (IFC); the Confederación de Cámaras Industriales de los Estados Unidos Mexicanos (CONCAMIN), a group of organizations designed to promote the development of Mexico’s manufacturers and entrepreneurs; and the Instituto Tecnológico y de Estudios Superiores de Monterrey, a technological university in Monterrey, Mexico, have partnered to launch the SME Toolkit Integrapyme in Mexico, a web-based toolkit that has been used since 2006 in other countries to assist managers of micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: National Banking and Securities Commission of Mexico Releases Financial Access Report, Finds 6m Adults Lack Access to Microfinance or Other Financial Services
The National Banking and Securities Commission (CNBV, in Spanish) of Mexico recently released a report indicating that approximately 10 percent of adults in the country, or some six million people, live in municipalities that do not have any financial institutions.
MICROCAPITAL BRIEF: responsAbility Social Investments AG of Switzerland Invests $4.31m in Microfinance Institutions (MFIs) ProCredit Mexico and Pro Mujer
responsAbility Social Investments AG, a Swiss microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling the equivalent of USD 4.31 million in microfinance institutions (MFIs) ProCredit Mexico and Pro Mujer, with the loan to Pro Mujer being directed to its operations in Mexico.
MICROCAPITAL BRIEF: The International Finance Corporation (IFC) Supports Microfinance Institution (MFI) FinTerra in Mexico With Technical Assistance and a $1.18m Loan
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, recently announced that it will provide FinTerra, a Mexican microfinance institution (MFI) founded in 2004, targeted technical assistance aimed at increasing its ability to serve lower- and middle- income borrowers, as well as MXN 15 million (USD 1.18 million) in the form of a credit line.