Background and Impact
The Multilateral Investment Fund (MIF), member of the IDB Group, has organized the Foromic since 1998 and held a total of 16 forums.

Since 1998, the advancement of microenterprise, and in particular microfinance, has contributed to the development of one of the most successful, fastest growing and efficient mechanisms for the expansion of income generation activities among low income and underserved populations.

Experience shows that financially active and empowered MSMEs constitute one of the most effective ways to overcome the challenges of poverty.

When Foromic was launched, the region had just 205 microfinance institutions serving 1.5 million clients. Today, partly as a result of the work done by FOMIN, the IDB Group, and other organizations, Latin America has become one of the most highly regarded microfinance sectors in the world, consisting of more than 1,000 institutions, supporting an estimated 20 million clients and providing over $40 billion in loans annually.
Mexico will open its doors
Mexico opened its doors to welcome approximately 1,600 participants to Guadalajara from September 30th to October 2nd for the XVI Foromic.
Topics
• Innovation in Products and Services for Financial Inclusion and Savings
• Financing and Financial Education for Youth
• Developing and Promoting MSMEs through Innovative Models
• The Evolution of Microenterprises, Generating Small Enterprises
• Green Finance and Rural Finance
• Microinsurance and Microfranchising
• Efficient and Effective use of Savings and Remittances
• Responsible Finance
• Financing Dynamic Enterprises
Foromic Presence - 1998 to 2012

Mexico
1998


Argentina
1999


Spain
2000


Dominican Republic
2001


Brazil
2002


Guatemala
2003


Colombia
2004


Bolivia
2005



Ecuador
2006


El Salvador
2007

Sponsors of previous editions
• Acción
• AECID
• AFEPCMAC
• Alianza para la Inclusión Financiera
• Asomif Perú
• Banco Azteca
• Banco Continental
• Banco Crédito
• Banco de Desarrollo de Jamaica
• Banco de la Nación
• Banco Nacional de México - Banamex
• Banco República - República Microfinanza
• Bantotal
• BIDC
• BIO Development through Investment
• BlueOrchard
• CAF
• Caja Huancayo
• Caja Municipal Arequipa
• CAME – Crédito y Ahorro a tu medida
• Cámara Uruguaya de Tecnologías de la Información
• CII
• Ci Banco
• Citi Microfinance
• COFIDE
• Compete Caribbean
• Confianza
• Corporación Nacional para el Desarrollo
• CREAR
• CrediScotia
• Deutsche Bank
• ELF
• EQUIFAX
• ezMovil
• FernSoftware
• FMO Finance for Development
• FUCAC
• Fundación Citi
• FUNDES
• Fundación José Cuervo
• Gobierno del Estado de Jalisco
• Grupo Compartamos
• Hewlett Packard
• IBM
• IFC
• Inconfin
• Interbank
• Itaú
• Kfw
• La Positiva Seguros
• LAN
• LOCFUND
• Mibanco – Grupo ACP
• Munich Re Foundation
• Nacional Financiera
• OMTRIX
• Portal Microfinanzas - CGAP
• República de Corea
• República Microfinanzas
• responsAbility
• SEBRAE
• Sida
• Swisscontact
• UNDP
• UNIVA
• Williams Industries INC
• WSBI
• Young Americas Business Trust
Related eventsShare this information

© Inter-American Development Bank - All Rights Reserved.