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How a Pharmaceutical Giant is Battling Malnutrition on the Ground in Haiti
All too often, corporate philanthropy involves dropping a wad of money on organizations that are doing work on an issue that the corporation "cares" about, and then saying goodbye. But sometimes, corporations actually bring their know-how and human capital to bear on a problem, in addition to just giving money. The global pharmaceutical company Abbott is taking the second path, focusing on long-lasting initiatives that can grow local economies in struggling areas. Case in point: Abbott’s ...
- Region
- Latin America
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Funding Sustainable Agriculture in Latin America
Recently, the Inter-American Development Bank Group (IDB) through its Multilateral Investment Fund (MIF) approved a loan and technical assistance of $4.9 million to Root Capital, a non-profit social investment fund. Root Capital provides finance for cooperatives, producers’ associations, and small and medium-sized enterprises in rural areas producing under sustainable agricultural schemes in Honduras, Guatemala and Nicaragua. This project is aimed at providing an innovative financin...
- Region
- Latin America
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Bolivia’s First Crop Insurance Scheme Promises to Empower Farmers
Natural disasters can come with six-digit figures of damage and debt attached, even in Latin America’s poorest country. Bolivia ’s rural areas, still dependent on rain cycles, are the most financially vulnerable to drought, frost, hail, floods and other weather adversities. Lose your crops, farmers say, and you’re left with nothing but your debts. Luis Alvaro Toledo, who’s wo...
- Categories
- Health Care
- Region
- Latin America
- Tags
- nutrition
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Microfinance Records Lowest Investment Growth in Six Years ? MicroRate
According to MicroRate’s ’The State of Microfinance Investment 2011’ report, the lingering effects of the economic crisis led to the lowest microfinance investment growth rate observed in the past 6 years, with total Microfinance Investment Vehicle (MIV) assets growing 12% in 2010. Rating agency MicroRate has been doing annual survey and analysis of MIVs for the last six years and this year it received information from 80 MIVs covering 92% of global assets under management. ...
- Region
- Latin America
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Haitians Return to Africa, Bringing Solar Energy
SEATTLE, U.S., Aug 2, 2011 (IPS) - Jean Ronel Noël, a young Haitian engineer, stood in a centuries-old fort on a small island just off Dakar and looked out at the Atlantic through a portal that once led enslaved Africans to the ships of the Middle Passage. "Finally we come to ’the door of the voyage of no return’," he wrote in a blog . "My blood wouldn’t stop boiling, wave after wave of...
- Region
- Latin America
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How a 100-Year-old Tortoise Helped Build a Scalable Social Enterprise
There is no shortage of people with a vision to change the world. But how? Strategy without the proper execution is simply a dream. When met with environmental and societal issues, organisations tend to use linear thinking (give a man a fish) to identify a solution to the problem instead of taking a circular, sustainable approach (teach a man to fish) by investing in the prevention of certain situations. Take Lonesome George for example. As the last surviving tortoise of its kind, many ...
- Region
- Latin America
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IFC to Invest USD 4.6 Million in Peru?s Microfinance Institution
IFC, a private sector arm of the World Bank Group, is contributing to the capital increase of microfinance lender, Caja Nuestra Gente with an investment of US $4.6 million. The investment will help Caja Nuestra Gente expand its operations in rural areas and among low-income urban communities in Peru. Caja Nuestra Gente is owned by Spain’s BBVA Microfinance Foundation (FMBBVA). In addition to this investment, IFC has also opened a medium-term local-currency loan facility to support C...
- Region
- Latin America
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Root Capital Makes Money By Investing Where Wall Street Won’t: Poor, Rural Farmers
Small money, big change. That, in essence, is what William Foote was banking on when he ditched Harvard Business School to start what is now Root Capital , a "nonprofit social investment fund" that lends to small and medium rural businesses in developing countries. Root Capital’s business model is to go where other banks will not --the agricultural sector of poor countries --and loan rural businesses as much as $500,000 to expand or improve t...
- Region
- Latin America