Countries & RegionsMicrofinance in Dominican Republic:
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May 17, 2013 - 4:28pm
from Microfinance a Working Solution to Global Poverty
Julia and Erin Smith are both Young Ambassadors for Opportunity. They were introduced to Opportunity International by their mother, Governor Jill Smith. Erin is currently fundraising for Opportunity International at https://www.opportunity.org/give/fundraisers/erinandmichael
It was Christmas morning and I was eager to open all of the presents to get to the final envelopes in the tree. In our family, ...
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May 6, 2013 - 8:01pm
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced a cooperation agreement with Asociacion La Nacional de Ahorros y Préstamos (La Nacional), a financial institution in the Dominican Republic, to strengthen La Nacional’s risk management and corporate governance practices in an effort to improve its service to its low-income and small and medium- sized enterprise (SME) clients. The support from IFC, which will come in the form of ...
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May 1, 2013 - 6:35pm
from MicroCapital
The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) Group, recently approved a USD 5 million equity investment and USD 750,000 in technical assistance for Nxtp Labs, an Argentina-based company that provides seed funding for entrepreneurs in Latin America seeking to establish technology-based businesses in exchange for an equity stake worth between two and ten percent. The company also offers companies training and consulting support and ...
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April 27, 2013 - 5:04am
from MicroCapital
The Peruvian Superintendency of Banking, Insurance and Pension Fund Administrators (known as SBS in Spanish) recently approved the merger of two Peruvian microfinance institutions (MFIs) via the absorption of Caja Rural de Ahorro y Credito (CRAC) Nuestra Gente by Financiera Confianza. The new entity, Financiera Confianza SAA will have assets of approximately PEN 1.2 billion (USD 462 million), approximately 180 offices and information booths, and 456,000 clients served when the merger ...
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April 8, 2013 - 9:02pm
from MicroCapital
Absolute Portfolio Management (APM), an Austria-based microfinance investment and asset management company, recently told MicroCapital that it issued the equivalent of USD 9 million during March 2013 through two of the funds it manages to microfinance institutions (MFIs) in Armenia, Benin, Cambodia, Georgia, Mongolia, Paraguay, Peru and Tajikistan. Of this amount, the equivalent of USD 2 million was issued in local-currency. An undisclosed portion of these funds were used to issue a ...
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March 4, 2013 - 7:27pm
from MicroCapital
Absolute Portfolio Management (APM), an Austria-based microfinance investment and asset management company, has told MicroCapital that it issued the equivalent of USD 8.5 million in credit through funds it manages to microfinance institutions (MFIs) in Cambodia, Colombia, the Dominican Republic, Georgia, Indonesia and Russia during the month of February. Of this amount, the equivalent of USD 5.5 million was provided by the Dual Return Fund – Vision Microfinance, and the equivalent of USD ...
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February 22, 2013 - 6:19pm
from MicroCapital
The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) group, reportedly has approved a USD 2.5 million equity investment in El Fondo para el Desarrollo, Inc. (FONDESA), a nonprofit microfinance institution in the Dominican Republic. The investment is intended to help FONDESA acquire status as a regulated microfinance institution under the new name Banco de Ahorro y Crédito FONDESA (BANFONDESA). According to information provided to ...
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February 20, 2013 - 1:12am
from MicroCapital
The New Urban Finance Facility for Africa (NUF), an impact investing facility that supports housing microfinance, is investing USD 100 million to fund microfinance housing schemes in Africa and the Middle East, with initial investments going to Ghana, Kenya, Tanzania, Uganda and the West Bank. Eighty-five percent of the fund is budgeted to provide direct investment to local commercial banks and microfinance institutions while the rest will be invested into a credit enhancement program for ...
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February 19, 2013 - 10:45pm
from MicroCapital
The US-based financial service provider Citigroup reportedly has made its Citi Mobile Collect payment program available in the Dominican Republic.Citi Mobile Collect is a service that makes it possible for businesses such as small grocery stores to replace cash payments to their merchandise suppliers with mobile transactions. It is estimated that 64 percent of the country’s approximately 80,000 grocery stores and small businesses pay their providers in cash. After creating an account with ...
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February 19, 2013 - 9:48am
from Global development: Poverty matters blog | guardian.co.uk
As well as exporting cash crops such as coffee, cocoa, mangos, breadfruit and potatoes, Haitians rely on 40% of the food produced in the country for local consumption. With this in mind, it's easy to see why last year's dramatic weather patterns and ...
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January 28, 2013 - 2:17pm
from MicroCapital
Scotiabank, a Canada-based bank, reportedly expects to begin extending microloans in amounts ranging from CAD 300 (USD 297) to CAD 3,000 (USD 2,970) to consumers and small businesses in Mexico. The loans are to be offered to clients of Credito Familiar, a consumer financing unit with 240 branches that Scotiabank acquired in 2011 from Banamex, a Mexican subsidiary of US-based financial service corporation Citigroup. Scotiabank reportedly expects the microcredit industry in Mexico to grow ...
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January 25, 2013 - 10:25pm
from Kiva.org
After an intensive 5-day training course here at Kiva HQ, our 20th class of Kiva Fellows is heading out into the field!Altogether, 26 Fellows are traveling to our partner organizations in 31 countries on 5 continents around the world. On top of that, 12 Fellows from the previous classes are heading to new assignments to keep Kiva running smoothly.For the next 4 months, they'll work closely with our partners ...
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January 23, 2013 - 3:28am
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the private-sector office of the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, have announced that each of the organizations will invest USD 5 million in Root Capital, a US-based nonprofit social investment fund. The aim is to increase market and capital access for 300,000 small-scale farmers in ...
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January 18, 2013 - 3:40pm
from The Ladder
Originally posted on youthsave.org.Recently, Women’s World Banking (WWB) released an e-publication designed to guide banks, MFIs and other financial institutions through the process of researching, testing, piloting and implementing savings products for youth. Not only does the report provide a wealth of very practical knowledge on the ...
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January 2, 2013 - 5:03am
from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group, reportedly has disbursed a loan of DOP 195 million (USD 4.8 million) to Asociacion La Nacional de Ahorros y Préstamos, a microfinance institution in the Dominican Republic, to increase its mortgage lending for housing and loan financing for small and medium-sized enterprises. According to Francisco Melo, vice president of La Nacional, “Providing housing loans to low- and middle-income individuals is our ...
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December 13, 2012 - 4:04pm
from Google news - microfinance
USD 10mn Loans for affordable Housing and microfinance in Dominican RepublicMicrofinance FocusMicrofinance Focus, December 13, 2012: IFC, a member of the World Bank Group, recently announced a total of USD 10 million, five year ...
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December 13, 2012 - 11:42am
from Microfinance Focus
IFC, a member of the World Bank Group, recently announced a total of USD 10 million, five year local-currency loans to two Institutions, Asociación La Nacional and to Fondo Para el Desarrollo, Inc (FONDESA) in the Dominican Republic. Each institution will receive a five-year, local-currency loan of 195 million Dominican pesos (approximately $5 million).
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November 29, 2012 - 8:35pm
from Innovations for Poverty Action Blog
Russell Toth
Editor’s note: Russell Toth is a Lecturer in Economics at The University of Sidney. In this guest post he talks about research he presented at our Impact and Policy Conference.
How do we move from “proof of concept” to implementable programs in policy ...
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November 28, 2012 - 9:22pm
from MicroCapital
Fundacion Microfinanzas Banco Bilbao Vizcaya Argentaria (BBVA), a nonprofit affiliate of Spanish banking heavyweight BBVA Group, recently has taken a 31-percent stake in microfinance institution (MFI) Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM) of the Dominican Republic for an undisclosed sum. This percentage is reportedly expected to grow over time. According to Manuel Mendez del Rio Piovich, President of Fundacion Microfinanzas BBVA, both parties have the same social ...
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November 14, 2012 - 12:29pm
from MicroCapital
This morning, representatives of Luxembourg-based nonprofit Appui au Développement Autonome (ADA) and the Red Centroamericana y del Caribe de Microfinanzas (REDCAMIF), a network of seven national microfinance networks, presented their progress to date on their joint effort to promote product innovation and capacity building among microfinance institutions (MFIs) in Central America and the Dominican Republic. The partnership, which was launched earlier in 2012, has a budget of EUR 5.5 ...
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