|
|
|
|
|
Ruth Kaseregenyi: Determined to Change Stereotypes
|
|
Ruth Kaseregenyi was named President of Envest at the end of 2024, and we are thrilled to have her with us. Ruth grew up in Jinja, Uganda, with five sisters and six brothers. She worked hard to get a bachelor’s degree in business administration, then a post graduate diploma in financial management. Her career brought her to Rushere SACCO, where she started out as a Branch Manager, then promoted to CEO. She remembers: “I worked in a region where women are not easily considered for senior positions as they are perceived to be not strong enough or managerial enough to lead. I was determined to change that stereotype.” Read more
|
|
Put Your Money to Good Work
|
|
Peterson Muturi is a client of Fortune Credit, one of our partners in Kenya. He is the proud owner of "Peterson Muturi Boutique" in the Nairobi West shopping center. When our team visited Peterson, he said that he enjoys providing people with smart clothes for their jobs or family celebrations. The income from his boutique supports his family. He lives in a rented house in Langata with his wife Elizabeth and two children 5 and 11. Elizabeth has her own small business selling cosmetics. When Peterson needed a loan, his friend referred him to Fortune Credit where he borrowed $770. Peterson is now employing two people which will facilitate the growth of his shop. He says: “I want to expand my business and change my lifestyle”. A $100,000 investment could help 130 entrepreneurs like Peterson launch or grow a businesses. Contact us to learn about investment opportunities.
|
|
|
MiCrédito’s Transition Into a Regional MFI
By Jon Bishop
|
|
|
|
A MiCredito client (center) and her family visiting her shop at the market.
|
|
|
In the October newsletter, Envest Latin America Representative Francis Soza Huete described Envest partner MiCrédito in Nicaragua and her recent visit with to the MFI. MiCrédito is the largest MFI in Envest's portfolio, both in terms of asset size and amount lent from Envest. It is also a regional MFI, stretching cross border to Costa Rica and Honduras, as Francis mentioned briefly in her article. In this article, I will explore that expansion in more detail and emphasize how unique and impactful it is. Read more
|
|
Have you ever wondered what microfinance borrowers pay for their loans? It is common for microfinance investors to be concerned with the interest rates charged to end borrowers and the potential for predatory lending. With Envest Microfinance’s 18-year track record in lending to microfinance institutions, we attempt to provide context for understanding microfinance interest rates and to evaluate whether they are justified. We invite you to read the Understanding Microfinance Interest Rates paper we recently published.
|
|
We are delighted to announce the launch of our newly redesigned website! It now features three entirely new pages: MFI Financing, Impact, and Why Invest. Our updated homepage includes a new map and a compelling video highlighting clients from our partner MFIs. A heartfelt thank you goes to the volunteers and team members who contributed their expertise through the Marketing Committee, surveys, and interviews to make this overhaul possible. As we step into the New Year, we are hopeful that these improvements will help Envest expand access to essential financial services across the 12 countries we currently work in.
|
|
|
|
|
|
|
|
|
