Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced it has disbursed a total of USD 35 million to microfinance institutions in Armenia, El Salvador, Panama, Uzbekistan and four other countries. While I-AM has not released the names of the latter countries or any of the borrowers, it did announce a recent local-currency loan to
Tag: El Salvador
MICROCAPITAL BRIEF: El Salvador Plans Cryptocurrency ATMs, Chivo App, Kiosks as Bitcoin Set to Become Legal Tender September 7
President Nayib Bukele of El Salvador recently announced that the country is setting up 200 automated teller machines (ATMs) and 50 staffed kiosks to facilitate exchanges of the cyrptocurrency bitcoin into US dollars for withdrawal as cash. All transactions will be conducted through the