...Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made investments equivalent to USD 6.9 million in Bolivian microfinance institution (MFI) Crecer and Colombian MFI Fundacion Mundo Mujer (FMM) Popayan. Crecer received USD 750,000 from the responsAbility SICAV Mikrofinanz-Fonds (rAMF) and USD 2.5 million from the responsAbility Global Microfinance Fund (rAGMF). FMM Popayan received the equivalent of USD 3.6 million in local currency, USD 500,000 from rAGMF and USD 3.1 million from rAGMF...

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"...In late 2008, Fundación Mundo Mujer Popayán—a Colombian MFI—was not exactly in the best shape. It was experiencing high delinquency rates and difficulties in collections and its clients were unsatisfied with the services offered. At the institutional level FMM Popayán did not have an established and well defined approach to staff ethics. Examples of appropriate staff behavior were not described clearly in the documents used to train and guide staff.

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"Colombian FMM Popayán recently received an award for the best rural microfinance institution in Latin America. According to Leonor Melo de Velasco, Founder and Executive President of FMM Popáyan, this is because of the institution’s clear strategy to move more to rural areas. ‘We have developed a credit methodology tailored to the needs of small-scale farmers’"

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Several NGO's, including WWB network member Fundacion Mundial de la Mujer Popayan, noted for their high-quality services won the Inter-American Development Bank’s annual awards for institutions that excel in their support for microenterprises in Latin America and the Caribbean.

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