Tweet

International Finance Corporation (IFC) and Blue Financial Services Group to Integrate HIV/AIDS Prevention with Microfinance

Written by: David Satterthwaite

Article Overview: The International Finance Corporation (IFC), a member of the World Bank Group, announced plans to work with Blue Financial Services Group, a publicly traded African financial services company with over 100 branches in seven countries, on a pilot HIV/AIDS awareness and prevention program in Botswana, South Africa and Zambia. A statement released by the IFC explained that the program will target small companies and local communities, seeking to preserve jobs and businesses by integrating traditional financial services with HIV/AIDS prevention.

International Finance Corporation (IFC) and Blue Financial Services Group to Integrate HIV/AIDS Prevention with Microfinance

The International Finance Corporation (IFC), a member of the World Bank Group, announced plans to work with Blue Financial Services Group, a publicly traded African financial services company with over 100 branches in seven countries, on a pilot HIV/AIDS awareness and prevention program in Botswana, South Africa and Zambia. A statement released by the IFC explained that the program will target small companies and local communities, seeking to preserve jobs and businesses by integrating traditional financial services with HIV/AIDS prevention.

The IFC, established in 1956, is now made up of 179 member countries which provide its capital, determine its policies, and approve its investments. In 2006, the IFC received a rating of Aaa, which suggests the highest quality investment grade, with minimal credit risk, from Moody’s Investor Services, a private company that performs financial research on commercial and government institutions. That year, according to Moody’s, the IFC’s assets totaled USD 28.49 billion, its return on assets (ROA) was 4.33 percent, and its return on equity (ROE) was 11.23 percent. As of February 2007, Blue Financial Services Group reported USD 573 million in total assets and USD 140 million in total liabilities.

Related Articles
  International Year of Microcredit Advisors Visit Kenya and Uganda: Princess Maxima, Diederik Laman Trip and Marilou van Golstein Brouwers Promote Microfinance on the Continent
  IV Module I Key Principles for an African Model of Microfinance
  The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa
  JPMorgan Launches Social Sector Finance Unit to Bring Financial Services to Microfinance and Social Enterprises
  Citi Foundation Creates $11.2m Program with SEEP Network to Strengthen Trade Associations

Article Tags: aaa, aids awareness, credit risk, financial services group, government institutions, hiv aids prevention, ifc, international finance corporation, investment grade, investor services, member countries, minimal credit, prevention program, private company, quality investment, return on assets, return on equity, roe, total liabilities, world bank group



Related Forum Posts
Future Financial Corporation - I've never heard of Future Financial Corporation is this a new company?
Del Castienne - International Business and Project Brokers - In addition to the above, Del Castienne is an international brokerage firm specializing in various entrepreneural services. Del Castienne is more than just a brokerage, as we facilitate Private International Venture Capital for Business and Projects from Commodity Speculation Transactions, MBO, MBI, M&A, Bridging Finance, Patents, Branding, JV, Corporate Advisory Services, Business Plan Development, etc.. Del Castienne is linked to 1200 private international Venture Capital consortiums and Funding Syndicates with a funding capacity of $ 115 billion and 5000 international Investment Bankers and Business & Project Brokers. This in itself should provide you with a gateway to the best source of funding in the world. Through Del Castienne any entrepreneur can have up to a potential success rate of 25% (conditions apply) with absolutely no up front costs. Del Castienne charges a maximum of 5% commission which is far below the international standard of 10% - 12% on project value. If you are tired of running back and forth with countless dissappointments, please give us an opportunity to assist you. Our minimum Venture Capital amount is $1 million and we a Commitment Letter can be provided with in 30 days after formalities are in place and your information was received.
Re: Finance is the primary requirement of business - [quote="rauljoseph":36x8dadn]Finance is very important in a business. It is all about managing the business' money and other assets. Finance includes the study and analysis of processes, financial institutions, markets and instruments that are involved in the transfer of money or anything that has a monetary value among consumers, businesses and government.[/quote:36x8dadn] Good point. I'll just add that if I was going into business for myself and could only have one skill it would be Sales & Marketing. You need to be able to create customers first and foremost. Finance is more of a support function for entrepreneurs.
Finance is the primary requirement of business - Finance is very important in a business. It is all about managing the business' money and other assets. Finance includes the study and analysis of processes, financial institutions, markets and instruments that are involved in the transfer of money or anything that has a monetary value among consumers, businesses and government.
Hola, Ciao, Bonjour, What's Up? - Hi all, my name is Stephen Alred. I'm 20 years old and I'm currently a student in Finance & Marketing. I started my company, Cloud 9 Financial Consulting, last year and wanted to join the forum to absorb the wealth of knowledge that's being shared. A little background, my company targets entrepreneurs specifically because they tend to appreciate our low costs and agility more than the common investor. We pride ourselves in leveraging free cloud technology to conduct a session anytime, anywhere, in real-time...this piques the interest of business owners that are always on the go. We have virtually no overhead, so we have a lower cost but same quality as anyone else around. We tend specialize in creative investments. Since we don't manage money, we provide very unique ways of advising our clients where/with whom they should place their money. Look forward to learning a lot from you guys!


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

10 Golden rules to survive the Global Crisis

TRADE SHOW FOLLOW-UP: HOW MUCH IS TOO MUCH?

Stress: What Causes It and How To Deal With It

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.