by Nithin Naren -

MICROCAPITAL BRIEF: IDB Invest Lends $15m to Cordada to Bolster Lenders to MSMEs in Chile, Mexico, Peru

IDB Invest, the private-investment member of the US-based Inter-American Development Bank (IDB) Group, recently announced a loan of USD 15 million to Cordada, a funder of financial technology (fintech) and other lenders to micro-, small and medium-sized enterprises (MSMEs) in Peru, Mexico and Chile. The deal includes a renewable two-year term as well

by Harriet Ritchie -

MICROCAPITAL BRIEF: Avla Raising $20m in Equity Round to Be Led by US-based Creation Investments to Expand B2B Insurance Offerings in Chile, Mexico, Peru

US-based Creation Investments Capital Management recently announced it is leading an equity investment of USD 20 million in Avla, a Chile-based business-to-business provider of insurance, surety bonds and collections services in Chile, Mexico and Peru. The firm’s insurance products include coverage for

by Nathan Kiplagat -

MICROCAPITAL BRIEF: Fundacion Kodea of Chile Wins $100k JK Visionaries Award from IDB for Training Women, Youth in Technology Skills

The Inter-American Development Bank (IDB), whose membership comprises 48 nations, recently announced that Fundacion Kodea of Chile is the first-place winner of the 2019-2020 JK Visionaries Award. The award is for organizations that are successful in

by Eugene DeCosse -

MICROCAPITAL BRIEF: Invest in Visions’ IIV Mikrofinanzfonds Lends $2m to Kosovo Enterprise Program (KEP) Trust for Microfinance Lending

Germany-based Invest in Visions (IIV) recently announced that it has disbursed a loan of EUR 2 million (USD 2.26 million) to the Kosovo Enterprise Program (KEP) Trust from IIV Mikrofinanzfonds, a microfinance investment vehicle that is active in developing countries. During June 2019, IIV also invested in