NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, October 30, 2014

Banco do Nordeste of Brazil, Tigo from Paraguay, and FOODSANU from Ecuador have won this year’s Inter-American Awards for Financial andEntrepreneurial Innovation for their excellence in supporting financial inclusion, digital finance, and microenterprise in Latin America and theCaribbean. These awards are given by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group.

The winners will be honored on November 4, during the opening ceremony of the 2014 Foromic conference, the region’s leading event on issues related tomicrofinance and enterprise. This year, Foromic will take place in Guayaquil, Ecuador from November 4-6 under the theme: “Inclusive Finance: Business Models that Work for All.”

The President of Ecuador, Rafael Correa Delgado and the President of the IDB, Luis Alberto Moreno, are expected to attend the event’s inauguration.