Posts Tagged ‘Multilateral Investment Fund’

Deposit mobilization on rise in LAC microfinance sector: Report

Microfinance Focus, Oct 22, 2010: Microfinance institutions in Latin America and the Caribbean are increasingly relying on deposits as a major source for microfinance. Deposits account for almost 80 percent of portfolio financing for deposit-mobilizing institutions. These findings were reported in the 2010 edition of ‘Microfinance Americas: The Top 100’ released by Microfinance Information Exchange (MIX) and the Multilateral Investment Fund (MIF). The vast majority of ... Full story

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

BlueOrchard participates in the launch of new lending facility for microfinance in Cancun

Microfinance Focus , March 24, 2010 – BlueOrchard Finance S.A. (BlueOrchard Finance), the Inter-American Development Bank’s Multilateral Investment Fund (MIF), the Inter-American Investment Corporation (IIC), the Corporación Andina de Fomento (CAF), and other private investors signed documents launching theMicrofinance Growth Fund (MIGROF) recently, a new lending facility for microfinance institutions in Latin America and the Caribbean. U.S. President Barack Obama announced MIGROF at the Fifth Summit ... Full story

Microfinance Growth Fund for Latin America and the Caribbean

By Asma Azmi, Microfinance Focus, March 22, 2010: A new lending facility for microfinance institutions in Latin America and the Caribbean, the Microfinance Growth Fund (MIGRoF) was launched by the Inter-American Development Bank’s Multilateral Investment Fund (FOMIN), the Inter-American Investment Corporation (IIC), the Corporación Andina de Fomento (CAF) and private investor on March 21st in Mexico. The new facility is expected to provide up to $250 million ... 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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