A new lending facility catering to microfinance institutions in Latin America and the Caribbean has been launched, according to a March 20 news release from the Inter-American Development Bank. The Microfinance Growth Fund aims to extend as much as USD250 million in medium- and long-term loans in local currency and U.S. dollars to microfinance organizations in the region. A USD125 million loan from U.S. Overseas Private Investment Corp. forms part of MIGRoF’s initial resources.
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About the author
Eliza Villarino
Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.
