Category Archives: recent developments

Update on the Unfolding “Problems” in Peru, Friday February 7th

I have received endless calls, emails and messages about my recent post, almost unexpectedly, so I feel obliged to keep my loyal readers up to date on the unfolding problems in Peru. I have therefore diligently prepared three new posts … Continue reading

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Trouble Brewing in Peru? MiBanco in Dire Straits

I was surprised more fuss wasn’t made of Fitch’s October 2013 downgrade of Grupo ACP – the main shareholder of Peru’s flagship microfinance institution (MFI): MiBanco. “The downgrade [] is driven by ACP’s losses (mainly due to foreign exchange volatility … Continue reading

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Promotion, Dismissal, Nationalization and Defection: Microfinance January 2013

Rather than pick a single theme, I thought I’d write a summary of the first month of 2013 in the embattled sector. Princess Maxima of Holland got a promotion from ambassador of microfinance to Queen of the Netherlands. Let’s hope … Continue reading

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Norway throws the baby out with the bathwater

NORAD, the Norwegian equivalent of DFID or USAID, recently announced that it has all but ceased microfinance activities. The Norwegian Microfinance Initiative (NMI) is the only remaining large microfinance investor, although it is partially funded from the Norwegian public purse … Continue reading

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