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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
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In Peru, progress against TB
A branch of Partners In Health has helped reduce deaths through careful protocols.
- Categories
- Health Care
- Region
- Latin America
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Seven Emerging FinTech Players In Top Latin American Markets
Only about half of all adults in Latin America and the Caribbean had a bank account, and only 14% had formal savings - and a host of companies recognize the opportunity.
- Categories
- Uncategorized
- Region
- Latin America
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Vaccine Reminder Company Tested in Developing World
A Cornellian’s nonprofit that helps parents in developing countries remember their children’s vaccination dates with bracelets has completed an initial study in Peru and Ecuador and is moving into trials and evaluations in three countries on three continents.
- Categories
- Health Care
- Region
- Latin America