FW: Rural microloan performance

[Community Development Banking List]

Original message from: montoya@ficonsulting.com



Hello all,



I was wondering if anyone out there could guide me to where I could get some
information about the performance and characteristics of some of the
portfolios of rural microloans out there. Specifically information such as
average interest rates and terms, typical default and recovery rates, etc.



Any information would be greatly appreciated,





Juan Montoya

Manager, FI Consulting

----------------------------

1101 Wilson Blvd Ste. 2210

Arlington, VA 22209

571-255-6773 (direct)

703-981- 0119 (cell)

<http://www.ficonsulting.com> www.ficonsulting.com

[Community Development Banking List]

Original message from: jbmayenda@yahoo.com

I think using the link below can provide some of the information on the micro loan.

http://www.mixmarket.org/mfi/mlf-mwi/compare
Regards

Joseph Blessings Mayenda,CUDE,CSP
Manager
Bvumbwe Community SACCO Ltd
P.O.Box 61
Bvumbwe,Malawi
e-mail: jbmayenda@yahoo.com
Tel: 265 1 471 612
Cel: 265 999 860 463, 265 888 860 463




________________________________
From: For more information digest <communitydevelopmentbanking-l@list.cornell.edu>
To: communitydevelopmentbanking-l digest recipients <communitydevelopmentbanking-l@list.cornell.edu>
Sent: Mon, April 26, 2010 9:46:01 PM
Subject: communitydevelopmentbanking-l digest: April 26, 2010

COMMUNITYDEVELOPMENTBANKING-L Digest for Monday, April 26, 2010.

1. B&I Recovery Act guaranteed funds going fast
2. Fwd: 2010 National Microenterprise Conference & Training Institute
3. FW: Rural microloan performance
4. Chairman Bernanke Will Participate in the Phila. Fed's Reinventing Conference

----------------------------------------------------------------------

Subject: B&I Recovery Act guaranteed funds going fast
From: "Deiss, Jeff - Portland, OR" <jeff.deiss@or.usda.gov>
Date: Mon, 26 Apr 2010 07:33:09 -0400
X-Message-Number: 1

USDA Rural Development's Business Programs Administrator Judy Canales announced last week that B&I guaranteed lending has already reached a record level in FY2010, with barely half of the fiscal year elapsed. As of mid April, total B&I commitments exceeded $1.5 billion, surpassing all previous years of B&I program activity.

Particularly notable is the use of B&I-ARRA (Recovery Act) funds. These funds, which provide lower fees and frequently 90% guarantees, are designed to stimulate rural business lending in today's difficult economic climate.

RD had set a nationwide goal to deliver 70% of its authorized B&I-ARRA funding by April 16. In fact, 90% of the B&I-ARRA funding was obligated by that date, delivering its stimulating impetus ahead of schedule. This 90% level exceeded all expectation and is a reflection of the growing popularity of the B&I program and the appetite that community lenders have for its enhanced ability to help lenders meet the credit needs of their rural business customers.

Less than $200 million in B&I-ARRA funds remain, and given the pace of B&I-ARRA use, these special funds may be exhausted by early summer, perhaps by late May or early June.

In light of this, lenders are strongly encouraged to submit their proposals seeking B&I-ARRA assistance to RD as soon as possible. Once the B&I-ARRA assistance is delivered, no further ARRA authority is expected. Regardless, all B&I-ARRA authority will expire on September 30, 2010.

PLEASE NOTE! Ample B&I authority remains available under the program's regular authorities. The regular B&I program provides guarantees of 80% on rural business loans up to $5 million, and 70% on loans over $5 million up to $10 million - still significant assistance in rural business finance.

We know that funding levels are an important concern for lenders depending on the B&I program, and we will continue to provide updated information about funding as it becomes available.

We do not believe this information is in anyway discouraging. On the contrary, it represents a significant achievement for rural business finance and the B&I program, and it will undoubtedly serve to spur B&I lending in the immediate future.

Again, RD continues to have ample B&I funding authority to handle the requests for rural business loans guarantees under its regular B&I program.

Thank you and kudos to our Oregon's lenders for being a part of this nationwide success in addressing the "credit crunch on Main Street." We look forward to our continuing partnership with Oregon's commercial lenders in meeting the credit needs of rural businesses.

jeff

Jeff Deiss, Business & Cooperative Program Director
USDA Rural Development, Oregon State Office
1201 NE Lloyd Blvd., Ste. 801, Portland, OR 97232-1274
jeff.deiss@or.usda.gov
503-414-3367 phone; 503-414-3397 fax
Visit our web site, http://www.ruralOregon.biz
For energy programs, http://energy.ruralOregon.biz


----------------------------------------------------------------------

Subject: Fwd: 2010 National Microenterprise Conference & Training Institute
From: Bill Myers <runonthebank@gmail.com>
Date: Mon, 26 Apr 2010 15:14:24 -0400
X-Message-Number: 2


From: AEO <signas@microenterprisematters.org>

[]


Join these dynamic women as they raise their Voices for a Main Street Economy
Don't miss these national women leaders at the 2010 National
Microenterprise Conference & Training Institute!

Joy Anderson
President
Criterion Ventures
An innovator in social capital funds

Donna J. Gambrell
Director
Community Development Financial Institutions Fund, U.S. Department of Treasury
Expanding CDFI opportunities

Susan Jones
Professor and Director of the Small Business & Community Economic
Development Clinic
The George Washington University Law School
Facilitating legal clinics for microentrepreneurs

Nell Merlino
Founder and President
Count Me In
Making women business owners real game changers in the economy

And so much
more...<http://r20.rs6.net/tn.jsp?et=1103338...TrLj7_4=>CLICK
HERE for a full list of conference speakers.

<http://r20.rs6.net/tn.jsp?et=1103338...Te4ut>REGISTER
NOW and reserve your space today.

<http://r20.rs6.net/tn.jsp?et=1103338...onference.org.

AEO new logo

<mailto:signas@microenterprisematters.org>signas@m icroenterprisematters.org.
Association for Enterprise Opportunity | 1601 North Kent Street |
#1101 | Arlington | VA | 22209

----------------------------------------------------------------------

Subject: FW: Rural microloan performance
From: "Juan Montoya" <montoya@ficonsulting.com>
Date: Mon, 26 Apr 2010 15:45:50 -0400
X-Message-Number: 3



Hello all,



I was wondering if anyone out there could guide me to where I could get some
information about the performance and characteristics of some of the
portfolios of rural microloans out there. Specifically information such as
average interest rates and terms, typical default and recovery rates, etc.



Any information would be greatly appreciated,





Juan Montoya

Manager, FI Consulting

----------------------------

1101 Wilson Blvd Ste. 2210

Arlington, VA 22209

571-255-6773 (direct)

703-981- 0119 (cell)

<http://www.ficonsulting.com> www.ficonsulting.com










----------------------------------------------------------------------

Subject: Chairman Bernanke Will Participate in the Phila. Fed's Reinventing Conference
From: Amy.Lempert@phil.frb.org
Date: Mon, 26 Apr 2010 15:44:11 -0400
X-Message-Number: 4

Colleagues:


If you're having trouble viewing this email, you may see it online.


Rethink. Recover. Rebuild: Reinventing Older Communities
Wednesday, May 12, to Friday, May 14, 2010
Hyatt Regency Philadelphia at Penn’s Landing
We have two exciting updates to our conference agenda:
Federal Reserve Chairman Ben S. Bernanke will participate in the
conference on Thursday, May 13.
A new panel has been added on Friday, May 14, that will discuss the future
of the community development industry and how we move forward. This panel
will include Raphael Bostic, assistant secretary for policy development
and research, HUD; John Bendel, director of community investment, Federal
Home Loan Bank of Pittsburgh; and Joseph Kriesberg, president,
Massachusetts Association of Community Development Corporations (invited).
For your convenience, we have extended the special registration fee of
$295. The discounted hotel room rate of $199 at the Hyatt Regency
Philadelphia at Penn’s Landing will continue as long as rooms are
available. To make a reservation, enter the code G-FEDR in the
Group/Corporate section of the online registration.
Go to the Federal Reserve Bank of Philadelphia’s website for the latest
agenda, conference invitation, and other news. Please contact Kenyatta
Burney at kenyatta.burney@phil.frb.org or (215) 574-6037 for further
information.
We look forward to seeing you in Philadelphia in May!


This email was sent to amy.lempert@phil.frb.org. To ensure that you
continue receiving our emails, please add us to your address book or safe
list.

manage your preferences | opt out using TrueRemove®.

Got this as a forward? Sign up to receive our future emails.


powered by




__________________________________________________ ____________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
__________________________________________________ ____________________

__________________________________________________ ____________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
__________________________________________________ ____________________




---

END OF DIGEST