responsAbility Microfinanz-Fonds and responsAbility Global Microfinance Fund (rAGMF), microfinance investment vehicles managed by responsAbility Social Investments AG of Switzerland, recently reported to MicroCapital the details of five debt investments made during the month of July 2010, totaling the equivalent of USD 3.77 million.
Search Results for: Mexico
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund and responsAbility Mikrofinanz-Fonds Invest $1.09m in Microfinance Institutions (MFIs) Apoyo Integral in El Salvador and Forjadores Negocios in Mexico
responsAbility, a Swiss microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has executed debt investments totaling the equivalent of nearly USD 1.1 million in microfinance institutions (MFIs) in El Salvador and Mexico.
MICROCAPITAL BRIEF: responsAbility Global Microfinance Fund and responsAbility Mikrofinanz-Fonds Disburse $72,000 to KapitalMujer and Te Creemos of Mexico
responsAbility Global Microfinance Fund, a Swiss-based microfinance investment vehicle (MIV) manager, recently reported to MicroCapital that it has provided MXN 942,000 (USD 72,000) in debt financing to two Mexican microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Financiera Independencia, a Mexico-based Microfinance Institution, Sells $200m in Senior Guaranteed Notes to the International Market
Financiera Independencia, a Mexico-based microfinance institution (MFI) that is listed on the Mexican Stock Exchange, has announced that it has successfully placed USD 200 million in senior guaranteed notes in the international market.
MICROCAPITAL BRIEF: Elevar Equity, a Bangalore-based Private Equity Fund, Raises $70m for Microfinance-focused Fund for Investments in India, Mexico, the Philippines and Peru
Elevar Equity Advisors Private Limited (Elevar), a Bangalore-based private equity fund, has raised a USD 70 million fund that will invest in microfinance and other services in India, Mexico, the Philippines and Peru.
MICROCAPITAL BRIEF: Financiera Independencia, a Microfinance Institution (MFI) Located in Mexico, Will Submit Request to Receive Banking License
Financiera Independencia, a microfinance institution (MFI) located in Mexico, has announced that on February 24, 2010, its Board of Directors authorized the MFI to submit a request to receive a banking license, thus allowing it to offer a wider range of products and services as well as to receive funding from retail deposits.
MICROCAPITAL BRIEF: Microfinance Information Exchange Releases Benchmarking Reports on Mexico and Paraguay
The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released two benchmarking reports covering the microfinance market in Mexico and Paraguay.
MICROCAPITAL BRIEF: Global Partnerships, a Nonprofit Microfinance Investment Vehicle, Announces Expansion to Mexico Through $500,000 Loan to Fundación Realidad (FRAC), a Nonprofit Microfinance Institution (MFI), That Took Place in October of 2009
Global Partnerships, a non-governmental organization (NGO) that supports microfinance institutions (MFIs) in Latin America, has announced its expansion to Mexico through a USD 500,000 loan made to Fundación Realidad (FRAC), a nonprofit MFI located in Mexico.
MICROCAPITAL EVENT: Mobile Money Transfer (MMT) Americas Conference and Expo, March 8 – March 11, 2010, Cancun, Mexico
Event Name: Mobile Money Transfer (MMT) Americas Conference and Expo
Event Date: March 8 – March 11, 2010
Event Location: Cancun, Mexico
Event Website: http://www.mobile-money-transfer.com/americas
See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events
KNOW A MICROFINANCE REGULATOR: National Banking and Securities Commission (Comision Nacional Bancaria Y De Valores) of Mexico and Superintendency of Banking, Insurance and Private Pension Funds (Superintendencia de Banca Seguros y AFP) of Peru
The following regulators are profiled in this brief:
Mexico-National Banking and Securities Commission (Comision Nacional Bancaria Y De Valores CNBV), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=National+Banking+and+Securities+Commission+%28CNBV%29
Peru-Superintendency of Banking, Insurance and Private Pension Funds (Superintendencia de Banca Seguros y AFP SBS), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Superintendency+of+Banking%2C+Insurance+and+Private+Pension+Funds+%28SBS%29
MICROCAPITAL BRIEF: Fundación BBVA Microfinanzas, Microfinance Arm of Banco Bilbao Vizcaya Argentaria (BBVA), to Begin Operating in Brazil and Mexico
Fundación BBVA Microfinanzas, the microfinance arm of the Spanish commercial bank, Banco Bilbao Vizcaya Argentaria (BBVA), has announced that it “will begin operating in tandem with [unspecified] local partners in Brazil and Mexico in 2010” [1,2,3]. This comes soon after an announcement that BBVA Microfinanzas will “create a microfinance joint venture” with Credicoop, a Chilean cooperative bank [1,4]. BBVA Microfinanzas has already launched microfinance initiatives in Colombia, Peru, Puerto Rico, and Central America through an agreement with the Central American Bank for Economic Integration (Cabei), “a multilateral bank and financial arm” founded by the nations of Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica [1,3]. It also plans to begin a similar initiative in Argentina [1].
MICROCAPITAL.ORG BRIEF: Financiera Independencia of Mexico Unveils Plans to Acquire Financiera Finsol and Expand Microfinance Operations to Brazil
Financiera Independencia, a microfinance institution (MFI) traded on the Mexican Stock Exchange, has signed a USD 41 million (MXP 530 million) agreement to acquire all of the outstanding shares of Finsol, a Mexican MFI. The agreement also includes the acquisition of three related entities: Financiera Popular Finsol, a savings and loan entity; Finsol Vida, an insurance broker; Finsol, a service company; and Instituto Finsol Brazil, an MFI in Brazil. To finance the deal, Financiera Independencia plans to issue 85 million shares, which will provide about USD 23.2 million (MXN 300 million) in capital. Mr. Noel Gonzalez, Chief Executive Officer of Financiera Independencia, said: “This is a significant milestone for Independencia. The acquisition of Finsol will allow us to increase our client base close to 1.4 million clients, operate a total of 356 branches in Mexico and expand our total outstanding loan portfolio to MXP 5,588 million (USD 432.7 million).”
NEWS WIRE: Mexico: Microfinance Institution Compartamos Issues $37m in Long-Term Debt
Source: PR Newswire.
MICROCAPITAL EVENT: Opportunity Collaboration Summit, October 17-20, 2009 in Ixtapa, Mexico
Event Name: Opportunity Collaboration Summit
Event Date: October 17-20, 2009
Event Location: Ixtapa, Mexico
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROFINANCE EVENT: Rural Microfinance: Strategies for Reaching the Underserved, 30 Sept 2009 to 1 Oct 2009, Mexico City, Mexico
Event Name: Rural Microfinance: Strategies for Reaching the Underserved
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
Cost: Participants pay 2,000 Mexican pesos + VAT. This event is free for donor agency representatives, however they must still register.
Summary of Event: This conference will bring together Mexican credit union practitioners and donor agencies from around the worldwide to discuss the role of microfinance in fighting rural poverty. It will also showcase the outreach efforts of rural credit unions and how adaptable these are to other regions.
MICROCAPITAL STORY: enConfianza Microfinanciera Signs a “Technical Assistance Contract” with Accion International to Provide Financial Services to a Broader Audience of Micro-entrepreneurs in Mexico
enConfianza S.A. de C.V. SOFOM ENR (enConfianza Microfinanciera) recently announced that they have signed a “Technical Assistance Contract” with Accion International to provide financial services to a broader audience of micro-entrepreneurs in Mexico. According to Accion, the microfinance company based in Mexico City (enConfianza Microfinanciera) will receive consultation on best practices in the areas of credit methodology, risk management, project and process management, human resources and organization development. Mauricio Hubard, president and CEO for enConfianza expects that the partnership will allow the microfinance company to create new products and trends, while developing an advanced business model for the microfinance industry. No additional information regarding the terms of the contract are provided.
NEWS WIRE: United States: Remittances to Mexico Down Sharply
Source: Los Angeles Times.
PRESS RELEASE: Mexico: Microfinance Banco Compartamos Announces Dividend
Source: PR Newswire