Posts Tagged ‘Brazil’

Microfinance Focus, June 19, 2010: International Finance Corporation (IFC), the World Bank’s financial arm will invest up to $47 million in the low-income housing subsidiary of Brookfield Incorporações S.A. to increase the availability of high-quality housing for low-income people in Brazil. IFC will provide local currency long-term revolving credit facility, not currently available to homebuilders by local banks. To date, IFC has invested around $40 ... Full story

Microfinance Focus, June 8, 2010: The Dutch financial service provider, Rabobank Group, has obtained a 30% strategic stake in Banco Cooperativo Sicredi S.A., the central organisation of the 128 Sicredi credit cooperatives in Brazil. The deal follows a Memorandum of Understanding signed by the two companies in 2009. Through this partnership, Rabobank aims to foster the development of micro, small and medium-sized enterprises in rural ... Full story

Microfinance Focus, Feb 24, 2010: ACCION is reaching the jungles of Brazil to provide its microfinance products to the microentrepreneurs living and working there. Called Microfinancas, ACCION’s new microfinance company will serve the Amazonas region, where the company said less than 10 percent of the 1.9 million low-income resident microentrepreneurs have access to financial services from a bank or microfinance organization. It was in Recife, ... Full story

Microfinance Focus, Nov. 19, 2009: Operation HOPE Chairman and CEO, John Hope Bryant said the mission to eradicate poverty can be achieved with microfinance playing a key role. Joining over 100 top government, civil society and private sector leaders focused on Brazil’s national microfinance agenda,, he gave the keynote address at the Forum Banco Central on Financial Inclusion, November 17 in the city of Salvador. “Operation HOPE’s ... Full story

Microfinance Focus, Oct. 9, 2009: International Finance Corporation, the investment arm of World Bank, will provide $15 million to Brazil’s Banco Triângulo S.A. to help expand credit for micro and small entrepreneurs. IFC’s local currency financing will have a five-year tenor, unusually long for midsize Brazilian banks under current market conditions. This will be IFC’s second financing to the bank, known as Tribanco, which received ... Full story

Microfinance Focus, Oct. 6, 2009: Ecobank, a pan-African bank with a network of over 500 branches in 27 countries, has received IFC's annual Client Leadership Award in recognition of its efforts to reach frontier markets and create greater access to finance in Africa. IFC has given two client awards, one to Ecobank in the financial-sector category, and one to Brazil’s Anhanguera Educacional Participações in the real-sector ... Full story

By Naagesh, N. Microfinance Focus, Sept. 17, 2009: At its board meeting in Rome, the International Fund for Agricultural Development (IFAD) has approved $161.56 million in loans and $56.26 million in grants for projects helping smallholder farmers adapt to a changing climate and contributing to reductions in greenhouse gas emissions. Full story