Posts Tagged ‘Mexico’

Microfinance Focus, May 27, 2010: Banco Compartamos, S.A., Institución de Banca Múltiple, announced that at the Annual Ordinary Shareholders’ meeting, which took place on April 19, 2010, shareholders approved a cash dividend in the amount of Ps. 374,036,108.40 (three hundred seventy four million thirty six thousand one hundred eight pesos and forty cents, Mex.Cy.), or Ps. 0.90 (ninety cents of one peso, Mex.Cy.) per outstanding ... Full story

Microfinance Focus, Jan. 29, 2010: IFC, the World Bank's investment arm, has signed a long-term agreement with Sistema Integral de Abasto Rural, SA CV (Mi Tienda) to help the Mexican distribution company, known as Mi Tienda, expand its operations. IFC’s $2.5 million investment will help create more than 900 direct jobs and sustain the livelihoods of more than 25,000 rural retail store owners, most of whom ... Full story

By Matthew Fuchs Jan.11, 2010: Microfinance Focus has conducted a survey of fund managers about the investment climate in Latin America. Here are the views of Eelco Mol, Regional Director for Latin America at Triple Jump, a global fund manager with strong presence in Latin America. The funds they manage include the Oxfam-Novib Microfinance Fund and ... Full story

Microfinance Focus, Dec. 21, 2009:  Mexican microfinance lender Financiera Independencia has announced that the Comision Federal de Competencia (COFECO) approved its acquisition of Financiera Finsol, the second largest group lending microfinance institution in Mexico, and a group of related entities as announced on Nov. 30, 2009. The transaction is expected to close during January 2010 as soon as the rights offering process approved by the ... Full story

By Naagesh, N. Microfinance Focus, Sept. 17, 2009: At its board meeting in Rome, the International Fund for Agricultural Development (IFAD) has approved $161.56 million in loans and $56.26 million in grants for projects helping smallholder farmers adapt to a changing climate and contributing to reductions in greenhouse gas emissions. Full story