Haiti: MiCRO and Fonkoze to provide swift insurance payout after Hurricane Sandy
The reinsurance company Microinsurance Catastrophe Risk Organisation (MiCRO) will make a significant payout to the Haitian microfinance institution Fonkoze following Hurricane Sandy. Fonkoze will use these funds to pay a fixed sum of Haitian Gourdes 5,000 (USD 125) and to cancel the outstanding loan balances of thousands of female microentrepreneurs who lost their homes or inventories. MiCRO expects the payout to be made to Fonkoze in the next few weeks.
Indonesia, Uganda, Zimbabwe: Mercy Corps announces innovative Commitment to Action at 2012 CGI Annual Meeting to reach 180,000 low-income farmers within three years
Portland, OR – The global humanitarian organization Mercy Corps and its partner, the Swiss Agency for Development and Cooperation (SDC), announced today a Commitment to Action at the Clinton Global Initiative (CGI) Annual Meeting to implement Agri-Fin Mobile, an innovative social enterprise to provide low-income farmers in the developing world with “bundled” support integrating financial services, market information and agricultural services to boost their harvests.
Longtime public finance expert and TriMet CFO Beth deHamel joins Mercy Corps
PORTLAND, Ore. - The global humanitarian agency Mercy Corps announced today that Beth deHamel has joined the organization as Chief Financial Officer. DeHamel brings 28 years of finance and senior management experience to her new role at Mercy Corps. She begins her tenure on September 17th and will be based at the organization’s global headquarters in Portland.
Haiti: MiCRO and Fonkoze insurance payout will help Haitians rebuild businesses after Tropical Storm Isaac
Haiti, 30 August 2012 – Microentrepreneurs who lost merchandise or their homes during Tropical Storm Isaac now have a resource to rebuild. The reinsurance company Microinsurance Catastrophe Risk Organisation (MiCRO) will make a significant payout to Haiti’s largest microfinance institution Fonkoze following Tropical Storm Isaac. Fonkoze will use these funds to pay a fixed sum of Haitian Gourdes 5,000 (USD 125) to hundreds of female microentrepreneurs who lost their homes or inventories due to the storm.
Liberia: Mercy Corps and Chevron Liberia Limited launch partnership to support youth employment
PORTLAND, OR– The global humanitarian and development agency Mercy Corps today announced the launch of a three-year program with Chevron Liberia Limited (CLL), Promoting Sustainable Partnerships for Economic Transformation (PROSPECTS), to support youth employment and community development in Monrovia, Liberia.
Mercy Corps commends House Farm Bill’s support for chronic hunger funding
Mercy Corps Director of Policy and Advocacy Jeremy Konyndyk today responded to the Farm Bill that was passed by the House Agriculture Committee on July 12, 2012. The existing Farm Bill, the primary vehicle for the United States’ global food assistance, is due to expire in September 2012. Mr. Konyndyk issued the following statement:
Indonesia, Zimbabwe, Uganda: Mercy Corps to launch ‘toolkit’ of mobile banking and agricultural services for farmers in developing world
The global humanitarian agency Mercy Corps today launched a multi-country program that will use mobile technologies to give farmers in the developing world a package of services to increase their harvests. As first of its kind, the Agri-Fin Mobile initiative - in partnership with the Swiss Agency for Development and Cooperation (SDC) - will identify and connect leading financial institutions, agriculture specialists and mobile network operators and provide mobile-enabled, bundled packages of financial, training and information services to more than 180,000 small-scale farmers.
Proposed cuts to international food aid are irresponsible, short-sighted
Mercy Corps Vice President of Global Engagement and Policy Andrea Koppel expressed grave disappointment with the cuts to international food aid that were proposed yesterday by the House Appropriations Agriculture Subcommittee. The House draft bill dramatically underfunds food assistance through the Food for Peace program slashing funding by 22% from last year’s enacted level. Ms. Koppel issued this statement:
Amplifying global technology entrepreneurship in the developing world
Startup Weekend and Mercy Corps today announced a partnership to expand the access and impact of a proven model for business generation throughout the developing world. Startup Weekend’s successful event format brings together software developers, designers, marketers, product managers and startup enthusiasts to share ideas, form teams, build products and launch startups, all in just 54 hours. In 2011, Startup Weekend helped organize over 250 events in 65 countries around the world.
Mercy Corps commends Farm Bill’s proposed reforms, warns against cuts to chronic hunger funding
Mercy Corps Director of Policy and Advocacy Jeremy Konyndyk today responded to the Farm Bill that was presented on Friday to the Senate Agriculture Committee by Committee Chairwoman Debbie Stabenow (D-Mich) and Ranking Member Pat Roberts (R-Kan). The existing Farm Bill, the primary vehicle for the United States’ global food assistance, is due to expire in September 2012. Mr. Konyndyk issued the following statement: