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News from MEDA

Microfinance News | Production & Marketing Linkages News  | Investment Fund Development News

Gardens open world to women in Afghanistan
Canadian project has transformed lives of cloistered Afghans 
Rosie DiManno - Toronto Star, August 31, 2009
 
Staffer recognized with award
Long-time MEDA staffer Ruth Dueck-Mbeba recently was honored by the SEEP (Small Enterprise and Education Promotion) Network for her contributions to the microfinance industry.
 
MSCU and MEDA partner through MEDA Trust
This new partnership was announced in early November at the 2007 "Business As a Calling" Annual Convention
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Hundreds challenged to invest in risky places
MEDA convention theme to “Trust in a World of Change”
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Helping Afghans is a vital goal
MEDA President, Allan Sauder, responds to a Kitchener-Waterloo Record article about the effectiveness of Canadian aid in Afghanistan.
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MICROFINANCE NEWS
 
Market Research Wraps-up in Mozambique
The MEDA Mozambique team completed the rural finance market research exercise in June 2009. The team was made up of Jonathan Muradzicua, the leader, staff from Male Yeru and ATAP (Associação dos Técnicos Agro-Pecuários), our agricultural extension partner. Katie Turner from MEDA's Production and Marketing Linkages Department was also involved in the process at the field level. This research will be used to design the new rural finance loan product, and design value chain support in the coming months.
 
See our Long Term Projects page for more
 
MEDA Launches Online Interactive Training Tool 
Baalty is an educational computer game for children and teenagers that teaches the business skills, business ethics, and entrepreneurialism necessary for starting and growing a small business in Egypt.  The game was developed through MEDA's PPIC-Work (Promoting and Protecting the Interests of Children who Work) project in consultation with working children in Aswan, Egypt. The project is funded by the Canadian International Development Agency (CIDA). Ba'alty was conceived, designed, and programmed in Egypt during the period spanning from mid-2004 until present.
 
See the Baalty website for more
 
MEDA shares its Experiences, Approaches and Strategies to Inclusive Rural and Agricultural Finance
A critical component, and often a huge challenge to rural and agricultural development, is access to finance.
 
Out of the ashes of communism, CAPA takes wing
An update on the formerly MEDA-owned MFI. 
 
White Paper - Next generation access to finance
This article, published in the Enterprise Development and Microfinance journal, summarizes a 2007 industry conference on "Next generation access to finance: Gaining scale and reducing costs with technology and credit scoring".
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PRODUCTION & MARKETING LINKAGES NEWS
 
MEDA partners with USAID to launch a new initiative for microentrepreneurs
MEDA signed a $30 million project with USAID in June 2009 which will expand on the success of our ongoing work with microentrepreneurs in Pakistan.

The MEDA team understands the problems that female and male microentrepreneurs encounter in Pakistan. While micro and small enterprises have potential to be the engine of growth and prosperity in Pakistan they struggle with cultural barriers, low productivity, limited services both financial and non-financial, and lack of information/education.

The goal of this initiative is to increase the incomes of no less than 120,000 microentrepreneurs, 75% of whom will be women, throughout 26 districts in Pakistan. This $30 million project will jointly be implemented with our visionary partners, ACDI/VOCA and JE Austin Associates Inc., and will develop the capacity of our local partners and private sector players to significantly scale up operations and to bring market-driven principles to their interactions with small and micro enterprises.

The project will focus on microentrepreneurs in twelve value chains, will double incomes (on average) in five years and will favor those subsectors that have greatest potential for scale as well as outreach to women.

Click here for more information on MEDA's projects in Pakistan.
Click here for access to the MEDA Pakistan website.

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MEDA Tanzania pledges to continue LLIN distribution efforts to children under 5 and pregnant women
Update on MEDA's continued efforts to increase bed net coverage for children under five and pregnant women in Tanzania.

Together with the Ministry of Health, the Global Fund to Fight AIDS, Malaria and Tuberculosis, and the President's Malaria Initiative, MEDA recently committed to distribute up to 7.2 million Long-lasting Insecticidal Nets (LLINs), working closely with the private sector, to children under 5, and 1.4 million LLINs via pregnant women vouchers over a nationwide catch up campaign. The objective is to build on MEDA's success in boosting malaria prevention through the use of voucher schemes for bed net distribution in Tanzania. MEDA aims to cover at least 80% of all children under 5 with an LLIN and significantly reduce the incidence of malaria among children and pregnant women in Tanzania.

Click here for more information on MEDA's projects in Tanzania.

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USAID visitors tour MEDA's work in Tanzania
MEDA Tanzania recently hosted the Mission Director and Development Outreach and Communications Officer from USAID.

USAID's mission director Robert Cunnane and Development Outreach and Communications officer Cory Brandt toured sites of the Under Five Catch-up Campaign (U5CC) in June 2009. Under U5CC, MEDA is distributing six free long-lasting insecticide-treated bed nets to children under age five and rapidly increasing net coverage for children from the current 47% up to 80% or higher.

Details available in the May 2009 issue of Medazine.

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MEDA Ukraine launches Agro Capital Management (LLC)
MEDA Ukraine recently launched a private company to help farmers access appropriate financial services to purchase farm assets.

In May 2009 MEDA launched Agro Capital Management (LLC), a private company in Ukraine. This is MEDA's creative response to the failure of Ukraine's financial sector to serve small farmers. ACM sells cold storage units and greenhouses on affordable deferred payment terms: a modest initial deposit and payments geared to the new revenue flows farmers earn from using the asset purchased. ACM expects to assist up to 3000 small farmers in its first five years.

Learn more about MEDA's activities in Ukraine.

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MEDA partners with USAID/FAO in Baluchistan, Pakistan
MEDA Pakistan has partnered with USAID and FAO to expand women's livelihoods programs in Baluchistan.

MEDA has just been awarded a Project by USAID/FAO entitled Women's Economic Empowerment: Integrating Women into Sustainable Value Chains in Baluchistan. MEDA Pakistan will start implementing this project in July 2009 and will focus two values chains: embellished garments and wool processing.

Learn more about MEDA's activities in Pakistan.




INVESTMENT FUND DEVELOPMENT NEWS

MEDA enters Euro market; plans German office
Waterloo, ON – Mennonite Economic Development Associates (MEDA) is bringing its vision of reducing poverty through economic development with plans to open an office in Germany – its first foray into the European market.
 
MicroVest Closes US$39 Million CLO
MicroVest Capital Management and Lehman Brothers are pleased to announce the successful closing of MicroAccess Trust 2007 (the "Trust"), constituting the first Collateralized Loan Obligation (CLO) for MicroVest.
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A Fresh Way to Make a Difference With Investments
MMA and Mennonite Economic Development Associates launched OneWorld, new community development investment notes.
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SRI on Steroids: What is Socially Pro-Active Investing?
Before walking through the makeshift gate into the yard of Juanita's ramshackle house, no one would have guessed that she was the proprietor of a thriving bakery business.
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