Google and the IDB will allocate $12.5 million dollars to microfinance institutions in Latin America.
Google and IDB Lab, the Inter-American Development Bank's Innovation Lab, announced a joint effort to provide $12.5 million in funding to microfinance institutions in Latin America and the Caribbean. The funds, which will be channelled through Locfund Next, managed by Bolivian firm Bolivian Investment Management, will be contributed by Google with eight million dollars and IDB Lab with ... Read more