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IGNIA Fund I Invests MXN$63 Million in MeXvi, Mexican Provider of Self-Construction Solutions

MONTERREY, Mexico, Feb. 4 /PRNewswire/ -- IGNIA Fund I, LP, the first impact investing fund in Latin America, announced today that it has invested MXN$63 million in Mexicana de Servicios para la Vivienda S.A.P.I. de C.V. ("MeXvi"), a leading provider of integral solutions for self-construction of low-income homes in rural and semi-urban settings. "MeXvi provides the end user with accessible construction materials, design and technical assistance, so that the cli...

Source

PR Newswire (link opens in a new window)

Categories

Uncategorized

Region

Latin America

Trinidad and Tobago: SMEs Have Borrowed $225 million

Even as Gerard Talbot-Paul, acting chairman, National Entrepreneurship Development Company (NEDCO), called for a smoother system to be put in place to foster the growth of small and medium enterprises (SMEs), he said they have borrowed $225 million in the last seven years. He said ...

Source

Trinidad and Tobago Guardian (link opens in a new window)

Region

Latin America

Pioneers of Prosperity Select 2009 Winners

The 2009 Pioneers of Prosperity Caribbean program is pleased to announce that Bulkan Timber Works of Guyana has taken the competition’s grand prize. Alternative Insurance Company of Haiti and Totally Male Ltd. of Jamaica were also recognized. On September 11, 2009, ten finalists from seven countries across the Caribbean competed for a grant of US $100,000 to invest in the growth of their company, and the prestigious title of Pioneer of Prosperity. The Honorable Orette Bruce Goldin...

Source

Press Release (link opens in a new window)

Region

Latin America

Three noted businesswomen team up to help microentrepreneurs

The dynamic troika of Chit Juan, Jeannie Javelosa and Reena Francisco has given a new definition to social enterprise, which is a response to the current conditions. The Environment and Community Hope Organization—or Echo—Store is a business enterprise operating for a profit “but with a social cause,” said Juan, who heads the marketing component of Echo Store. Founded six months ago, the Echo Store has become the hub of product...

Source

Business Mirror (link opens in a new window)

Region

Latin America

IGNIA Fund I Invests US$3 Million in Pro-Organico

IGNIA Fund I, LP announced today that it has committed US$3 million to Pro-Organico S.A.P.I. de C.V. in the Company’s first round of equity financing. Pro-Organico is a leading grower and exporter of a broad line of USDA-certified organic produce. Pro-Organico links Mexican farmers to the rapidly-growing North American organic produce market by managing agricultural operations and coordinating logistics with distributors and retailers across the United States, Canada and Me...

Source

Earth Times (link opens in a new window)

Region

Latin America

Bolivian Microfinance

Bolivia has been the success story in microfinance in Latin America in the last twenty years. I decided to spend one week in La Paz to better understand the business model of the Bolivian microfinance institutions. During the six day stay in La Paz I had the privilege of meeting the Executive Director of Bolivia’s Financial Services Supervisory Authority (ASFI) Ernesto Rivero, the former President of Bancosol and Prodem Fernando Romero Moreno, the President of the Bolivian Academy of Ec...

Source

RGE Monitor (link opens in a new window)

Region

Latin America

Banco Real: Brazilian lender focuses on both profit and growth

Jeronimo Ramos, a director at Banco Real in São Paulo, sounds like a man with a mission. “You have to operate inside local communities. You have to know your customer’s story at first hand. Because by giving people credit, you are creating well-being. About 70 per cent of people that get credit are lifted out of poverty as a result.” Yet as Mr Ramos insists, Banco Real is not in the business of delivering social services. “We are not a philanthropic organi...

Source

Financial Times (link opens in a new window)

Region

Latin America

Suman Bery: Mexican Surprises

Mexico tends to be in the news for all the wrong reasons: financial crisis, illegal immigration, drug-lords, and most recently as the apparent origin of the H1N1 virus. A recent visit there allowed me the privilege of seeing a very different side of Mexican life. It also stimulated reflection as to what lies ahead for India as it gets richer and urbanises further. Mexico’s population of 105 million makes it the second most populous nation in Latin America after Brazil. Its p...

Source

Business Standard (link opens in a new window)

Region

Latin America