Posts Tagged ‘Peru’

World Bank lends $75m to Peruvian Govt. for sustainable environmental growth

Microfinance Focus, Aug 7, 2010: The World Bank has approved a US$75 million loan for supporting the Peruvian government’s policies for sustainable environmental growth and strengthening institutional environmental capacities in key sectors such as mining, fishing and urban transportation, as well as improving the public sector’s capacities and participation. The series of three budget support operations contributes to: strengthening the Ministry of the Environment’s capacities; the ... Full story

Microfinance News Synopsis: IBM launches microfinance IT service platform in Peru

Microfinance Focus, June 8, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. IBM launches microfinance IT service platform in Peru: The conditions for investment and growth in Peru prompted IBM to develop a center to provide microfinance services in this South American country. Jaime Garcia Echecopar announced IBM's entrance into the microfinance sector. Jaime Garcia ... Full story
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There is still a funding shortage for smaller MFIs in Latin America: CEO, Envest

There is still a funding shortage for smaller MFIs in Latin America: CEO, Envest
By Matthew Fuchs Jan. 15, 2010: With its mature and dynamic microfinance sector, Latin America is one of the world’s largest microfinance investment markets. As a result, the region’s response to the financial crisis has profound implications for microfinance investment globally. To gauge the current state of the investment climate in Latin America, Microfinance Focus has ... Full story

India ranked 4 in IFC-sponsored Global Index on Microfinance

Microfinance Focus, Oct. 5, 2009: A new report on microfinance sponsored by International Finance Corporation has ranked India number four while Peru topped the list among surveyed countries for having the best business conditions for microfinance. This is the second year in a row that Peru tops the charts in the Microscope Index, part of the microfinance report, which also is sponsored by the Multilateral ... Full story

MIGA of World Bank group provides $950,000 guarantee to Mibanco for investment in Uruguay Microfinance

Microfinance focus, Aug. 17, 2009: The World Bank Group’s political risk insurance agency, the Multilateral Investment Guarantee Investment Agency (MIGA) has issued a guarantee of $950,000 to Banco de Microempresa S.A. (Mibanco) of Peru for its investment in Microfinanzas del Uruguay S.A. of Uruguay. The coverage is for a period of up to three years against the risks of transfer restriction, expropriation and war and civil ... Full story
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