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  • News

    03.21.13  | Juliette

    Carlos Cruz : from gang to social entrepreneurship

    Carlos Cruz born in Mexico City in a family of immigrants from the state of Chiapas was since his early youth exposed to violence and abuse both in his household and in the world around him. Like many children who live in such circumstances, he turned to violence because he thought it could solve all his problems.

  • News

    02.25.13  | Juliette

    "The rise of the South" the 2013 UNDP report!

    The UNDP report has measured each year for 21 years the economic and social progress countries. It has an updated Human Development Index (HDI), as well as three additional composite indices:
    - The Inequality-adjusted HDI
    - The gender inequality index (GII)
    - The Multidimensional Poverty Index (MPI)

    The new report is more optimistic than expected. It shows a deep global change. 40 nations - including emergent countries such as China, India and Brazil - are lifting their people out of poverty.

  • News

    11.30.11  | MicroWorld

    $3 million (micro)loan for solar panels in Central America

    The Inter-American Development Bank (IDB) decided to grant a loan of three million dollars to a private Honduran foundation, “Fundación Covelo”. It will equip 6,000 families with individual solar energy systems in Honduras, El Salvador and Belize. The Foundation will rely on Microfinance Institutions (MFIs) for developing microcredit offers around solar panels. As a result, each family’s total budget comes to 500 dollars.

  • News

    11.16.11  | MicroWorld

    Microinsurance is given a makeover in Brazil

    Bradesco, the main Brazilian insurance company, has announced that it will distribute new microinsurance offers by some rather original means. Several insurance products aimed at low-income Brazilians could in fact be subscribed to directly over mobile phones, via text messages, or at local sales points: neighbourhood shops, newspaper kiosks and even beauty salons!

    The distribution of offers by these new channels will be tested in December. Then, as from January 2012, Sao Paulo and Rio de Janeiro residents will be able to subscribe to accident and funeral insurance.

  • News

    11.04.11  | La Rédaction

    A pioneering “green” microfinance project in Latin America

    To help small businesses from Latin America and the Caribbean use renewable energy and “clean technologies”, the Inter-American Development Bank (IDB) and the Nordic Development Fund are launching “Ecomicro”. With a budget of $7 million over seven years, the project will rely on the continent’s Microfinance Institutions (MFIs) to provide their customers with “green” microloans.

  • News

    10.21.11  | La Rédaction

    There’s no crisis for microcredit in Latin America

    25% –that’s the growth rate recorded overall by Microfinance Institutions in South America and the Caribbean in 2010. The current total amount of credit is US$ 15.2 billion, compared with 12.3 billion the previous year.

  • News

    08.09.11

    Shattering the ban on microcredit in Cuba

    Will microcredit, which is non-existent in Cuba, start growing following the economic reforms decided by Raul Castro? There are several pointers to this and European diplomats stationed in Havana even consider it probable, according to the Havana Times website, which quotes Spanish and Swiss development agency representatives. However, there are numerous obstacles to be overcome, especially the dual currency system, with the national peso and the U.S. dollar used by tourists.

  • News

    08.09.11

    Women's World Banking: providing better service to farmers in Colombia

    In September 2009, Barak Obama reminded politicians, NGOs and company directors taking part in the Global Clinton Initiative that his mother had worked for Women's World Banking (WWB). This ground-breaking institution founded in 1979 set itself a goal to help women from Southern-Hemisphere countries get access to credit to start up a business and be more autonomous.

  • News

    08.09.11

    Microfinance in Mexico nearing a crisis?

    Alex Silva, president of the Canadian foundation Calmeadows, had an interesting interview on the specialist website Microfinance Focus. Silva has been involved in microfinance for the past twenty five years, particularly in South America, and gave his view on microfinance growth on the American sub-continent. While he considers that things have generally gone well these last few years, Alex Silva warns about the situation in Mexico, where the state of microfinance reminds him of the Indian one.

  • News

    08.09.11

    Mexico, interest rate record holder

    On average, interest rates of microfinance are of 74.2%, which makes Mexico the country with the highest rates in Latin America, according to the study “Microfinance in Latin America and the Caribbean: The Sector in Figures”, by the Inter-American Development Bank (IDB). This is a rate that is still much less than that charged by money lenders and informal lenders, but twice that of average rates in Peru, Chili and Brazil.

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