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Our latest press releases and project announcements. 

MIF invests in Mexican Venture Fund for Services Innovation

Jun 3, 2014

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, has approved a $2 million equity investment in Venture Innovation Fund II, a Mexican early stage venture capital fund that will provide long-term financing and value-added guidance on business development for up to 14 start-ups in Mexico.

Venture Innovation Fund II’s strategy will be to target companies in the health care services, financial services, and other technology services (education, e-commerce, etc.) sectors. Target companies will be at an early stage, and the Fund will make initial investments of at least US$ 400K with follow-on investments determined by company performance.  The fund will be managed by Venture Partners, LP, founders of the Venture Institute accelerator in Mexico City.

“The Fund’s commitment to financing innovative service technologies is not only expected to stimulate creation of high-skilled jobs, but also to expand access to health and financial services for underserved communities,” said MIF Senior Investment Officer Rogerio Ramos.

The MIF has an extensive track record investing in seed and VC funds throughout the Latin American and Caribbean region, and has pioneered the first efforts to build the industry in Mexico. All this experience will allow the MIF to provide relevant know-how during the Fund’s fundraising and operational stages.  The MIF will also add value to the new fund’s managers by facilitating access to a network of practitioners and potential partners, and by promoting the use of international best practices, environmental, and social standards in the fund’s corporate governance.

About the MIF

The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, is funded by 39 donors and supports private sector-led development benefitting low-income populations and the poor - their businesses, their farms, and their households. The aim is to give them the tools to boost their incomes: access to markets and the skills to compete in those markets, access to finance, and access to basic services, including green technology. A core MIF mission is to act as a development laboratory - experimenting, pioneering, and taking risks in order to build and support successful micro and SME business models. More information at


«May 2015»

Why Regional Economic Development matters and the MIF’s approach

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Is bringing financial inclusion to your doorstep the solution?

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Empezar por el final: El truco para una exitosa gestión de conocimiento

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No one visits the microentrepreneur

Photo: Javier Davila, breakwaybackpacker

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These days, the MIF is starting an evaluation in Paraguay of Tigo Money: Last Mile Mobile Financial Services, the first project within the Technologies for Financial Inclusion (Tec-In) Program  to reach the finish line. Among other things, the evaluation will help us better understand clients’ experiences in applying for credit via mobile devices through Credicedula. This is a signature product of Tigo Paraguay, winner of the 2014 Inter-American Award on Digital Finance, and Banco Familiar, winner of theBeyond Banking Award 2015 - both presented by the IDB. Through Credicedula, clients apply for credit directly from their cellphones, without having to contact a loan officer or visit the officer at a branch.

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