Posts Tagged ‘US’

By Asma Aziz Microfinance Focus, Feb. 2, 2010: In times when the global economies are still reeling from the after-effects of financial meltdown, United States’ investment agency, the Overseas Private Investment Corporation (OPIC), has mobilized its resources and skills to facilitate their recovery. Since its inception in 1971, OPIC has been active in more than 150 emerging markets and developing nations, and over the agency's 38-year history, ... Full story

By Nagesh Narayana Microfinance Focus, Jan. 28, 2010: The U.S. government has put cash in the hands of Fonkoze, the largest microfinance institution in Haiti, in a mission that required close cooperation of the U.S. military, the United Nations and multiple U.S. government agencies, said posting on US government website. In the wake of the devastating earthquake that hit Haiti on January 12, Fonkoze was the only ... Full story

Microfinance Focus, Dec. 1, 2009: Financiera Independencia, a Mexican microfinance institution, has launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. BNY Mellon has been appointed as the Company's depositary bank to administer the ADR program. Each ADR represents 15 shares of Independencia common stock and will begin trading over-the-counter (OTC) effective Nov. 30, 2009. Independencia's common shares are listed and ... Full story

Microfinance Focus, Nov.19, 2009: Schwab Charitable, one of the nation’s largest and fastest growing donor-advised funds, observes its 10th anniversary in November 2009 just as the Chronicle of Philanthropy lists the organization as the 10th largest charity in the U.S. Since inception, Schwab Charitable has raised over $3.8 billion in philanthropic contributions and issued more than 367,000 grants totaling $1.6 billion to over 33,000 charities throughout ... Full story

Microfinance Focus, Aug. 10, 2009:  The U.S. Agency for International Development (USAID) has given a $49.4 million grant to global humanitarian agency World Vision for health and livelihood projects in Zambézia Province, Mozambique. World Vision will lead a consortium of local and international partners in a five-year program that will integrate work in health, water, sanitation and agriculture to meet the needs of children, women, and families. Named "Ogumaniha," or "united for a common purpose" in the local Chuabo language, the program will be implemented by a World Vision-led consortium with other partners including Adventist Development and Relief Agency, ACDI/VOCA, International Relief and Development, Johns Hopkins University, Red Cross Mozambique and Vanderbilt University. Full story