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Microfinance

 Welcome to the Microfinance Page

CARE’s commitment to the creation of locally governed, self-sufficient enterprises that can provide sustainable services to the poor is affirmed in the Program Related Investment (PRI) Policy and Guidelines. Often times, the PRIs of CARE are Microfinance Institutions, Not-for Profit entities and For Profit Exporting Companies.  A PRI represents a financial investment or substantial governance role in a partner enterprise that is initiated for the purpose of expanding CARE USA’s mission in a country.  In most instances this will be an entity created by CARE USA that allows CARE USA to further its vision and mission of overcoming poverty. 

 

Many CARE USA Country Offices have developed, or expressed an interest in developing, a PRI (often times Microfinance Institutions, For Profit Exporting Companies as well as Not-for Profit entities) .  PRIs can represent exciting new opportunities for Country Offices in the development of innovative programs to impact the lives of the poor.  The documents housed in this site will help to mitigate some of the uncertainties and risks Country Offices might face in getting involved in PRIs, and provide the guidance for making investment, investment management and disinvestment decisions.  It is also intended to facilitate lessons learned and knowledge sharing that can help spread PRI innovations.

 Microfinance Announcements

CARE Sells Shares in EDYFICAR to Banco de Crédito del Perú 
by Christian Pennotti
 9/18/2009 11:06 AM
 
Microfinance the Universal Language! 
by Noorani, Shamim
 2/13/2009 12:50 PM
 

 Useful Microfinance Links

Site InformationFilter
CGAP
CGAP is the leading independent resource for objective information, expert opinion, and innovative solutions for microfinance. CGAP works with the financial industry, governments and investors to effectively expand access to financial services for poor people around the world. Their mission is to help alleviate poverty by advancing access to finance. CGAP distributes vital industry information and research through a variety of free publications and Web sites.
Microfinance Gateway
The Microfinance Gateway is the most comprehensive online resource for the global microfinance community. It includes research and publications, featured articles, organization and consultant profiles, and the latest news, events, and job opportunities in microfinance.
Microfinance Information Exchange (MIX)
MIX Market is a public, web-based microfinance information platform. It provides data on microfinance institutions worldwide as well as public and private funds that invest in microfinance, microfinance networks, raters/external evaluators, advisory firms, and governmental and regulatory agencies.
Microvest
MicroVest offers investors the opportunity to invest directly in an instrument that facilitates the growth of microfinance institutions while maintaining focus on the return of principal and fiduciary responsibility.

 Microfinance Related Documents

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Expand/Collapse Contribution Type : Report ‎(2)

 Microfinance Project List

DescriptionFilter
Afghanistan
Economic Independence for the Women of Afghanistan (EIWA)Use SHIFT+ENTER to open the menu (new window).
The goal of the project is to improve the economic security of households in targeted areas in Kabul City through the strategic use of savings and credit groups (SCGs) and the establishment of a financially sustainable micro-finance institution (Mofad microfinance Company (MFI ) ) targeting vulnerable women.  Presently, 13140 women are members of 650 SCGs and have received 14205  loans from the Mofad Microfinance Company (MFI)
10/1/200312/1/2008
Ethiopia
Getting Ahead : Building Community Resilience & Strengthening Government Collaboration in the Fight Against HIV & AIDSUse SHIFT+ENTER to open the menu (new window).
The project is designed to promote an HIV & AIDS livelihoods strategy and build community and household resilience and enhance coping mechanisms, while at the same time strengthening the linkages and collaboration between the public sector and civil society. The project will focus on breaking down barriers to good governance by working with both informal and formal non-governmental and government bodies to improve joint needs-based planning, increase participation, and create opportunities for dialogue and transparency. It will further seek to empower women and OVC, enabling them to better overcome the barriers that prevent them from exercising their rights and ensuring that their livelihood needs are met. The project's efforts will directly address three of the MDGs at local level i.e. the fight against extreme poverty and hunger, promote gender equality and empower women, and combat HIV & AIDS to achieve a direct and lasting improvement to living conditions of the poorest and marginalized people in the world.
1/1/200712/31/2009
Ethiopia
Productive Safety Net Program (PSNP) PlusUse SHIFT+ENTER to open the menu (new window).
The USAID-supported, three-year Productive Safety Net Program (PSNP) Plus is a multi-faceted market-driven effort to support poor households in building assets and achieving long-term food security. Through a combination of integrated, market-led interventions, CARE is empowering 42,414 Ethiopian households, each of which is currently receiving support through the national safety net program (PSNP), to make informed decisions about scarce resources while facilitating their entry into markets and access to informal and formal financial products and services. The
1/1/200812/31/2011
India
Tsunami Microfinance Response Programme (TMRP)Use SHIFT+ENTER to open the menu (new window).
In response to the tsunami that struck South Asia in December 2004, CARE established  South Asia Tsunami Microfinance Investment Fund (SA-TMIF) and South Asia Resource Team (SART) to respond to both the short- and long-term needs of microfinance institutions (MFIs) serving the affected communities.  In order to bridge liquidity crunches and defray the cost of MFI expansion to affected regions, the SA-TMIF is mandated to extend concessional loans and SART shall provide grants & technical assistance to MFIs.    Initially, the SA-TMIF and SART intends to operate in three of the South Asian countries most damaged by the tsunami (India, Indonesia, and Sri Lanka) and operate over a lifespan of four years starting from January 2006.  However, the Fund is conceptually structured for potential expansion in terms of tenor as well as geographic scope for response to future disasters.
12/1/200412/1/2009
Indonesia
South Asia Resorce Team/South Asia Tsunami Microfinance Investment FundUse SHIFT+ENTER to open the menu (new window).
Program focuses on training and capacity building in order to enable MFIs linking to cormmercial sources of capacity as well as providing fund to MFIs to strengthen their financial capacity in serving credit facilities demanded by tsunami effected communities.
1/1/200712/1/2007
Rwanda
POWER (promoting Opportunities for women's Empowerment in Rwanda)Use SHIFT+ENTER to open the menu (new window).
POWER Project is one of the CARE Rwanda projects based in southern province in six districts Nyamagabe, Nyaruguru, Huye, Gisagara, Nyanza and Ruhango. The project will improve access of 30,000 extremely poor people, 80% of whom are women to sustainable socio-economic opportunities and participation in decision-making processes, both at household and community level.  The project will also increase participation and inclusion of 30000 project participnts in decision making processes at both household and community levels. It strengthens the institutional and organizational capacity of local implementing CSOs/CBOs partner associations in order to improve thheir ability to better represent and advocate for the interests of women
1/1/200612/31/2010