Posts Tagged ‘Inter- American Development Bank’

Microfinance lending in LAC rose 13 percent in 2009 – IDB

Microfinance Focus, Oct 11, 2010: According to a survey by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group (IDB), the loan portfolio of microfinance institutions in Latin America and the Caribbean rose to 13 percent last year after growing 18 percent in 2008. Lending rose to $12.3 billion last year after reaching $10.9 billion in 2008 and $9.2 billion in ... Full story

Dominican and Bolivian microfinance institutions win IDB microenterprise awards

Microfinance Focus, Sep 8, 2010: The Inter-American Development Bank has today announced two microfinance institutions from the Dominican Republic and Bolivia, respectively, and a renewable energy company in Nicaragua as this year's winners of its annual awards which is presented to organizations offering outstanding services to microenterprise in Latin America and the Caribbean. Banco  de Ahorro y Crédito ADOPEM S.A. of the Dominican Republic is the ... Full story

ACCION Gets Brazil’s President approval to Launch New Microfinance Institution in Amazonas

Microfinance Focus, Jan 26, 2010: ACCION International, global microfinance company, announced yesterday that Brazilian President Luiz Inacio Lula da Silva has approved its application to establish ACCION Microfinancas, a new microfinance organization in the state of Amazonas in Brazil's remote northern region, according to a press release.  It was in Recife, Brazil that ACCION first initiated the concept of microlending, in 1973. Joining ACCION as an ... Full story

OPIC Board Approves $125 MN Microfinance Fund for Latin America

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story
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