And the composition of those customers? The bank is steadfast in its vision, mission and role within the financial system of care for major segments. We do this through financial products and services that suit their needs. BancoSol gives credits from $ 50 and accompany the development and performance of our customers in time. We [...]
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BancoSol general manager, the benchmark of microfinance nationally and internationally and the most profitable entity Bolivian system is the new president of Asobo. Expected that 2011 will continue the bonanza of profits. Kurt Koenigsfest (46) moves between two stools, between commercial banks and microfinance, although the latter is certainly his specialty and passion. BancoSol general [...]
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Bittencourt, the Ministério da Fazenda, says that diversity makes Brazil innovative in the way of acting. The reference country is successful in two experiments: CrediAmigo and banking correspondents, from petrol stations to lottery outlets or supermarkets that offer some financial services. The correspondent went from 70,000 in 2002 to 180,000 in 2010, and is the [...]
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Past and present In Brazil, the financial system is organized and strengthened before the formation of a network of microfinance. Unlike what happened in countries like Bolivia, Peru, Mexico and Guatemala, where financial systems are focused on small and micro production units, the key elements of its business-banking in Brazil conformed most projects industrialization, agriculture [...]
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Tied to economic performance? The current landscape of microfinance in Brazil is related to improved macroeconomic conditions. There is a promising market in the 20 million Brazilians out of poverty and into the middle class in recent years, which concentrates 31% of revenues in the country.”The future belongs to the working classes”, Frederico Celentano, Micro [...]
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Community Bank President Palmas, based in Fortaleza (Ceará), Joaquim de Melo, was almost twice arrested a few years ago. In front of one of the most successful experiences of microfinance in Brazil, Melo was sued by the Central Bank to steer the issue of social currencies circulating in a network of 51 community banks. Today, [...]
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A law that would reflect a misunderstanding of the reality of the business of microfinance For microfinance actors, wanting to destroy the private sector would want to establish a financial apartheid for hundreds of millions of people who find themselves with no alternative funding than proposed by the State. With an annual interest rate ranging [...]
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Andhra Pradesh precursor of a regulatory system Reacting to a wave of suicides has moved much of public opinion and its political class, the state government of Andhra Pradesh which accounts for half of micro-borrowers in India, has issued a law October 15, 2010 to protect the women exploited by abusive practices by private companies. [...]
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The populations most vulnerable to the ideological heart of a battle between two visions of the fight against poverty Long before the micro credit model of Mohammad Yunus is growing in India the Indian government was already supporting another model of providing financial services to the poorest. In this system, groups of 10 to 15 [...]
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The Board of Directors of Caja Duero Spain agreed at its meeting on Thursday to segregate all of their financial business to a newly created bank, called Bank Investment Fund Spain, Salamanca and Soria SA This was announced yesterday by the financial institution based in León to the National Securities Market. The segregation poroyecto for [...]
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