During August 2017, clients of Promujer Nicaragua LLC, from different community banks in the department of León participated in a focus group as part of the SPI4 social audit process. The objective of this activity is: • Design an instrument that facilitates the performance of a social audit on compliance with the essential and additional…
The GIF Project tool makes it possible to diagnose the quality status of governance and identify areas for improvement. Due to the relevance of good governance and its direct effect on the performance of organizations, the GIF Project -financed by IDB / MIF and SDC- developed a cutting-edge tool that allows diagnosing the state of…
Within the framework of the annual meeting of the Social Performance Task Force (SPTF) held from June 6 to 8, 2017 in Mexico City, Locfund / BIM participated in the meeting of social investors. This meeting brought together 25 participants from 20 organizations with the purpose of exchanging experiences, highlighting good practices and aligning efforts…
As part of the activities of Locfund’s technical assistance component, during June 2017 -in the facilities of a hotel in Guatemala City- the Course / Workshop called: “Risks and Internal Control for Microfinance” was held, organized within the framework of the Assets, Liabilities and Risks Consulting, in charge of the Consultant Pedro Fardella. The workshop…
The Panamerican group, dedicated to investment in capital markets, fund management, renewable energies and software development received the award “Best diversified group, Bolivia 2016 leadership”, awarded by the prestigious British magazine Capital Finance International (CFI.co) . According to a company press release, each year CFI.co looks for individuals and organizations that contribute significantly to the…
The first activity carried out within the framework of this agreement was the Strategy course for the Senior Management of Microfinance Institutions, held at the Incae Nicaragua Campus, in the first days of March. This training program brought together 37 directors and managers from 25 microfinance institutions from 12 countries in Latin America and the…
In 2009, when the words “impact investing” emerged on the lips of thousands of financial professionals, two important new sets of criteria emerged to begin to define what those words mean: Impact Reporting and Investment Standards (IRIS, and the Global Investment Impact Rating System (GIIRS). The inventors of such systems identified the need for measurement…
International organizations, together with Asomif, held a workshop in Lima aimed at strengthening good corporate governance with the aim of promoting the soundness and sustainability of microfinance institutions. The promotion of financial insertion in clients from vulnerable and low-income populations, the adoption of new standards and good governance practices in microfinance institutions in Peru and…
In order to promote the strengthening of good corporate governance practices in inclusive finance institutions, in addition to promoting the soundness and sustainability of microfinance activity in the country, the Association of Microfinance Institutions of Peru (Asomif Peru) has been developing a specialized forum on the subject. This initiative will have the support of international…
LOCFUND, which today celebrates its positive results, is a fund that granted USD 69 million in loans to Microfinance Institutions (MFIs) in Latin America and the Caribbean, including 10 Peruvian MFIs, whose investors are IDB / MIF (multilateral institution), CAF –Development bank of Latin America-, FMO (Dutch development fund), Norfund (Norwegian development fund), BIO (Belgium…
LOCFUND carried out, since 2007, 73 technical assistance granted with TSF resources, thanks to donations from IDB / MIF, NORFUND, BIO and FMO. In consideration of the results achieved throughout these years, the preparation of this document was promoted, with the idea of capturing the experiences -positive and negative- that serve as guiding parameters for…