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Mexico’s Compartamos Eyes 20% Profit Growth, Deals In 2010

MEXICO CITY (Dow Jones)–Mexican microfinance bank Banco Compartamos SA (COMPART.MX) plans to grow its profit 20% this year and is looking for acquisitions in other Latin American countries, top executives said Tuesday. “In Mexico, we think the best way to grow is organically, but outside of Mexico we are open to and looking for opportunities …
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The Revolution Has Gone Mobile

The Revolution Has Gone Mobile Published: February 19, 2010 By mid-2010, there will be 6.8 billion humans on this planet. According to United Nations estimates, there also will be five billion cellphone subscriptions. These are astonishing numbers. What is still more astonishing, and hopeful, is the breadth of change this number reflects. The United Nations …
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Mexico’s Financiera Independencia Closes MXN530M Finsol Deal

Interesting M&A developments in Mexican Microfinance Institutions… great to see larger firms realizing the value of smaller MFIs, and recognizing that value in 8.6x Net Book Value premiums. . MEXICO CITY (Dow Jones)–Mexican consumer finance company Financiera Independencia SAB (FINDEP.MX) said Friday that it has closed the acquisition of lender Financiera Finsol for 530 million …
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$9m Purchase by Sequoia Gives Kalpathi Rich Exit from India’s Equitas

$9m Purchase by Sequoia Gives Kalpathi Rich Exit from India’s Equitas . February 2. 2010 . Kalpathi Investments, the investment company of entrepreneur Kalpathi Suresh, recently sold its 10 percent stake in Equitas, an Indian microfinance institution, for the local-currency equivalent of USD 9.4 million after having purchased the stake two years earlier for USD …
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To Help Haiti (For the long term), End Foreign Aid – WSJ

While Haiti clearly needs aid and compassion now, the long term prospects will remain weak if not coupled with a rigorous rebuilding and foreign direct investment plan. The Haitian government must work toward building a legislative framework for the protection of human rights and establishment of a robust private sector. . To Help Haiti, End …