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A billion-dollar destination for Indian pharma exports
Latin America accounted for 7 percent of India’s global pharma exports of $15.3 billion in 2014-15.
- Categories
- Health Care
- Region
- Latin America
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IGNIA Successfully Raises US$90 Million as a First Closing of Its Fund II
IGNIA, a leading venture capital fund in Mexico, has closed the Mexican vehicle of its Fund II, raised through Mexican publicly traded certificates known as CKDs. Mexican pension funds invested in the fund, marking a first for venture capital in Mexico and demonstrating institutional investors' confidence in IGNIA's track record, as well as the accelerated economic growth found at the base of the socio-economic pyramid in Mexico.
- Categories
- Investing
- Region
- Latin America
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Ford Foundation Spells Out Cuts to Make Way for Its Shift in Focus to Inequality
Under a new strategy announced today, the Ford Foundation will double the amount it provides to grantees to cover administrative overhead costs and steer $1 billion over five years toward strengthening social-justice organizations. At the same time, it will cut its support of several initiatives, including LGBT rights in the United States, direct cash transfers in Latin America, and microfinance.
- Categories
- Impact Assessment
- Region
- Latin America
- Tags
- microfinance, philanthropy
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For MFIs, the future is ‘go green,’ or ‘go broke’
Microloans are a vital tool for farmers and rural entrepreneurs to upgrade their businesses or invest in the next growing season. But what happens to microfinance models when the next growing season never materializes?
- Categories
- Agriculture
- Region
- Latin America
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A New Recycling Venture Aims to Eliminate Virgin Plastic
A recent list of 100 of the world’s most compassionate business leaders was topped by the usual suspects: Paul Polman, Richard Branson, Muhammad Yunus and Elon Musk. And then there’s David Katz.
- Categories
- Environment
- Region
- Latin America
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IDB Loans $10M to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations
The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay. The loan will be disbursed from IDB’s Opportunities for the Majority Sector facility, which lends, invests equity, offers technical advice and provides partial guarantees and risk-sharing facilities to “companies, financial intermediaries … [and] non-profits that are willing to engage with the base of the socioeconomic pyramid”[4].
- Categories
- Agriculture, Health Care
- Region
- Latin America
- Tags
- lending, microfinance
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Iluméxico to Bring Solar Energy to 300,000 in Mexico’s Off-Grid Communities
Iluméxico, the Mexican social enterprise focused on solar power, has joined the Business Call to Action (BCtA) with a commitment to bring its Solar Home Systems to 50,000 off-the-grid rural homes – approximately 300,000 people – by 2020. This commitment includes the creation of 180 new jobs, of which 90 will be designated for women and 70 will be based in rural communities.
- Categories
- Energy
- Region
- Latin America
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PRESS RELEASE: Colombia’s Credifamilia to Extend US$240 million in Mortgage Loans to Low-Income Homebuyers
New Business Call to Action member’s loans will build 20,000 homes by 2020.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- lending