Tag Archives: IFC

Trouble Brewing in Peru? MiBanco in Dire Straits

by Hugh Sinclair Posted on 6 February, 2014

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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End of Year Microfinance Sector Wrap-up

by Hugh Sinclair Posted on 31 December, 2012

Another few million clients, new banks emerging daily, relentless spin without much evidence of poverty reduction: I thought I’d provide a light-hearted summary of what’s happened this year in the embattled microfinance sector. The best news is that the microfinance … Continue reading →

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Corrupt Microfinance Players attend Conference

by Hugh Sinclair Posted on 15 October, 2012

The list of confirmed speakers at the forthcoming Capital Markets Conference reads like a summary of the worst offending parties mentioned in my book. Perhaps not surprisingly, I was not invited to the conference, although I would have rather enjoyed … Continue reading →

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