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IGNIA Completes Closing of Fund I at US$102 Million
MONTERREY, Mexico, June 22 /PRNewswire/ -- IGNIA Fund I, LP Latin America’s first and largest impact investing fund, announced today that after seven rounds, it has concluded its fundraising process having reached US$102 million to serve businesses at the base of the socio-economic pyramid. This last round was led by J.P. Morgan with a US$5 million commitment and by Corporacion Mexicana de Inversiones de Capital (Fond...
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- Latin America
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Nestle to Sail Amazon Rivers to Reach Emerging-Market Consumers
Nestle SA will begin sailing a supermarket barge down two Amazon river tributaries tomorrow as it competes with Unilever to reach emerging-market customers cut off from branded goods. The world’s largest food company will send a boat with 100-square meters (1,076 square feet) of supermarket space on a journey to 18 small cities and 800,000 potential consumers on the Para a...
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- Latin America
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Slim, Gates Team Up on Health in Mexico, Central America
Carlos Slim and Bill Gates are working together to fight poverty in Mexico and Central America. The two richest men in the world announced the $150 million 2015 Meso-American Health Initiative today at a press conference at the Museo National de Antropologia in Mexico City. Slim and Gates, who will each donate $50 ...
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- Latin America
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IGNIA Fund I Invests MXN$63 Million in MeXvi, Mexican Provider of Self-Construction Solutions
MONTERREY, Mexico, Feb. 4 /PRNewswire/ -- IGNIA Fund I, LP, the first impact investing fund in Latin America, announced today that it has invested MXN$63 million in Mexicana de Servicios para la Vivienda S.A.P.I. de C.V. ("MeXvi"), a leading provider of integral solutions for self-construction of low-income homes in rural and semi-urban settings. "MeXvi provides the end user with accessible construction materials, design and technical assistance, so that the cli...
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- Uncategorized
- Region
- Latin America
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Trinidad and Tobago: SMEs Have Borrowed $225 million
Even as Gerard Talbot-Paul, acting chairman, National Entrepreneurship Development Company (NEDCO), called for a smoother system to be put in place to foster the growth of small and medium enterprises (SMEs), he said they have borrowed $225 million in the last seven years. He said ...
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- Latin America
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Pioneers of Prosperity Select 2009 Winners
The 2009 Pioneers of Prosperity Caribbean program is pleased to announce that Bulkan Timber Works of Guyana has taken the competition’s grand prize. Alternative Insurance Company of Haiti and Totally Male Ltd. of Jamaica were also recognized. On September 11, 2009, ten finalists from seven countries across the Caribbean competed for a grant of US $100,000 to invest in the growth of their company, and the prestigious title of Pioneer of Prosperity. The Honorable Orette Bruce Goldin...
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- Latin America
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Three noted businesswomen team up to help microentrepreneurs
The dynamic troika of Chit Juan, Jeannie Javelosa and Reena Francisco has given a new definition to social enterprise, which is a response to the current conditions. The Environment and Community Hope Organization—or Echo—Store is a business enterprise operating for a profit “but with a social cause,” said Juan, who heads the marketing component of Echo Store. Founded six months ago, the Echo Store has become the hub of product...
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- Latin America
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IGNIA Fund I Invests US$3 Million in Pro-Organico
IGNIA Fund I, LP announced today that it has committed US$3 million to Pro-Organico S.A.P.I. de C.V. in the Company’s first round of equity financing. Pro-Organico is a leading grower and exporter of a broad line of USDA-certified organic produce. Pro-Organico links Mexican farmers to the rapidly-growing North American organic produce market by managing agricultural operations and coordinating logistics with distributors and retailers across the United States, Canada and Me...
- Region
- Latin America
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