by Renata Samadova -

MICROCAPITAL BRIEF: BIM Borrows $20m from IDB Invest for Locfund Next to Support Lenders to MSMEs in Latin America, Caribbean

Locfund Next, a debt fund managed by Bolivia-based BIM Asset Management, recently accepted a 6-year loan of USD 20 million from IDB Invest, a member of the Inter-American Development Bank (IDB) Group. The loan is intended to help funders of micro-, small and medium-sized enterprises (MSMEs) to expand their outreach to

by Renata Samadova -

MICROCAPITAL BRIEF: IDB Lab Accepting Applications from Entrepreneurs in Latin America, Caribbean for WeXchange Women STEMpreneurs Competition, Partner of Google for Startups, Through March 31

WeXchange, a program of the Inter-American Development Bank (IDB) Group’s IDB Lab, recently started accepting applications from female entrepreneurs in Latin America and the Caribbean for the WeXchange Women STEMpreneurs Competition. The competition targets women whose businesses

by Jessica McLeod -

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Lending $94m to Mitigate Effects of COVID-19 on 29k Micro-, Small Enterprises (MSEs) in Ecuador

The Inter-American Development Bank (IDB), whose membership comprises 48 nations, recently loaned USD 93.8 million to Ecuador to on-lend as working capital to micro- and small enterprises (MSEs) in the country in an effort to sustain employment amidst the COVID-19 pandemic. The funds are intended to reach approximately 29,000 MSEs, some via savings and credit cooperatives that will enjoy guarantees from