Posts Tagged ‘IFC’

Microfinance Focus, June 4, 2010: A $500 million ‘Affordable Mortgage and Loan Program’ was launched in Palestine by the country’s President, Mahmoud Abbas, says a press release. The Affordable Mortgage and Loan program will offer prospective Palestinian homebuyers fixed-rate and variable-rate mortgage loans with tenors of up to 25 years, increasing home affordability. The mortgage program is expected to be operational in late 2010, in ... Full story

Microfinance Focus, June 3, 2010: World Bank’s financial arm, International Finance Corporation (IFC) will invest$10 million in preferred shares of Bancamia, a microfinance institution in Colombia. The investment is for supporting the expansion of this microfinance institution and helping to increase access to financial services for microenterpreneurs in the country. IFC’s new investment in Bancamia follows two previous loans of $4.1 million disbursed to Corporacion ... Full story

Microfinance Focus, May 31, 2010: International Finance Corporation (IFC) has recently collaborated with Vietnam’s Techcombank (VIETNAM Technological & Commercial Bank) to assist the bank in developing energy efficiency lending facility for local small and medium enterprises in the country. IFC will be providing $24 million and will mobilize $1 million from Earth Fund. Techcombank is committing $25 million to build a total portfolio of $50 ... Full story

Microfinance Focus, May 25, 20101: HRH Princess Maxima of Netherlands, the UN Secretary General’s Special Advocate for Inclusive Finance for Development and International Finance Corporation (IFC), will be hosting a G20 SME Finance Working Group meeting on May 25th, 2010 in The Hague. The meeting will bring together senior experts from international and regional institutions to explore practices in measuring small and medium-sized enterprises’ (SME) ... Full story

Microfinance Focus, May 21, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. IFC to invest in Delhi-based MFI Satin Creditcare: Satin plans to raise equity capital of up to Rs 11.5 crore to support its rural business growth. Continuing its investment in emerging economies, International Finance Corporation (IFC) is investing an undisclosed sum in Delhi-based ... Full story

Microfinance Focus, April 13, 2010: The World Bank’s financial arm, International Financial Corporation (IFC), and Egypt's Bank of Alexandria signed an agreement yesterday, to help micro, small and medium enterprises (SMEs) in Egypt acquire the skills which they need to become more competitive and profitable. Under the agreement, Bank of Alexandria will launch and promote a localized, freely-available version of IFC’s SME Toolkit web platform ... Full story

Microfinance Focus, March 6, 2010: IFC has launched a series of programs this weekend in cooperation with the central banks of Ethiopia, Mozambique, and Tanzania aimed at increasing the quality of credit reporting in Africa. The lack of credit information hinders banks from widely offering financial services, improved reporting and creditworthiness. IFC has co-hosted a series of regional workshops that brought together central banks, financial ... Full story

Microfinance Focus, March 3, 2010: IFC is providing Advisory Services to Fundación Mundo Mujer, in addition to a $6 million loan announced earlier, to support the Colombian MFI's transformation from a microcredit nongovernmental organization to a regulated financial institution specializing in microfinance. IFC will support to improve the company’s risk management systems, revising credit policies and procedures, reinforcing its training capacity, improving the finance and treasury ... Full story

Microfinance Focus, Feb. 26, 2010: IFC is currently seeking partners to deliver Business Edge training in Liberia, where it is supporting private sector recovery and growth. IFC is launching the Business Edge training product in Liberia in March to help micro-entrepreneurs in the country acquire the skills they need to succeed. Business Edge is an interactive learning program that offers skills training to help managers increase ... Full story

Microfinance Focus, Feb 26, 2010: Advans Banque Congo has completed a capital increase bringing total capital to $13 million, the Kinshasa-based microfinance institution announced yesterday in a statement. The capital increase was in response to new minimum capital requirements for commercial banks as set by the Congolese central bank, the bank said in a statement. Advans Banque Congo was incorporated in July 2008 and obtained its ... Full story

Microfinance Focus, Feb 19, 2010: IFC has announced that it will invest 574.6 million West African francs ($1.2 million) and provide advisory services to MicroCred Sénégal to help the microfinance institution increase lending to micro and small entrepreneurs, who currently have limited access to formal financial services and products. IFC’s equity investment will help the institution expand activities, initially in Dakar and at a later ... Full story

Microfinance Focus, Feb 16, 2010: The International Finance Corporation (IFC) has said it will set up microfinance institutions in Zambia this year in an effort to enhance access to microfinance services by many people, the Post of Zambia reported on Wednesday. IFC Information Officer Houtan Bassiri said the institution, which is a member of the World Bank, has partnered with Germany's KfW Entwicklungsbank in helping address ... Full story

Microfinance Focus, Jan 30, 2010: IFC and the World Bank Institute are helping bankers develop financial products to improve access to finance for small and medium enterprises. IFC, the investment arm of the World Bank, in collaboration with the government of Japan and the World Bank Institute, organized training for bankers in Dhaka from January 25 to January 28.  Thirty three bankers and trainers from 20 ... Full story

By Nagesh Narayana Microfinance Focus, Jan. 29, 2010: The  First MicroFinance Institution, part of the Aga Khan Agency for Microfinance, has opened its Syria’s (FMFI-S) newest branch in Maysat, in the northern part of Damascus, on Thursday. The new branch will expand services offered to marginalised segments of the population with the aim of providing more poor people with financial services. According to studies undertaken by the ... Full story