March 17, 2009
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.
February 26, 2009
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.
March 27, 2008
The expansive economic cycle in Latin America rests largely on the rise of key commodity prices, but experience suggests caution in thriving years.
December 27, 2007
Pilar Ramirez and her associates have been very busy. Over the past 15 years, these five women with no formal financial background have build a lending organization with 25,000 clients and a loan portfolio of US$20 million and converted it to a regulated institution—Fondo Financiero Privado FIE—that has achieved sufficient scale and efficiency to reduce interest rates recently. Ramirez also won the Social Entrepreneurship Award in 2000 from the Inter-American Development Bank for pioneering micro-lending in Bolivia and advancing policies that favor women in Latin America.
December 27, 2007
Caja Los Andes, Bolivia’s second largest microfinance institution, has a lot to be proud of. Despite the recession in Bolivia last year, the caja maintained a low default rate of 6–7 percent of the loan portfolio and was able to increase its client base. For these achievements, Caja Los Andes won the prize for Excellence in Microfinance of Regulated Institutions from the Inter-American Development Bank in October 2000, and was also cited for its “clear business plan” and new products and services.
December 26, 2007
Fondo Financiero Privado FIE SA, winner of the 2001 Inter-American Award for Excellence in Micro-enterprise Development for Regulated Microfinance Institutions, has always done things its own way.For starters, it is not affiliated with an international network. Back in its early days as an NGO, when the rest of the sector favored group credit, FIE bucked the trend by developing its own methodology for granting individual loans to urban microentrepreneurs.
November 09, 2007
By Peter BateFrom Microenterprise Americas magazine, Fall 2007
June 01, 2007
Small business owner Miguel Maccagno sits in his factory office in the low-income neighborhood of Matanza outside Buenos Aires, examining identical-looking plastic bottles for the juice drinks his plant produces and pondering their impact on its competitiveness. By shaving 14 grams off the bottles' weight, he can lower costs enough for his firm, Agroindustrias Río Tercero, to compete with the large U.S., Brazilian and Chilean firms that have cornered the low end of the local market.
September 14, 2006
What does the international promotion video of ChileCompra—the Chilean government’s web portal for public announcements of competitive bids—have in common with Peruvian police boots or with a stream of government contracts in the Bolivian city of Oruro? These are all cases of microenterprises participating in public bidding and competing with the big traditional suppliers.
September 01, 2006
The village of San Antonio de Lomerío, with some 6,000 inhabitants, is one of the official stops on the Jesuit Mission’s tour in Chiquitos, Bolivia. This is a significant feat, given that the tour’s main attractions are the Baroque churches built by the Loyola community in the late 17th and early 18th centuries, and the church in San Antonio de Lomerío does not fall in this category.