MICROCAPITAL BRIEF: Ant Financial, Ayala Buy Equity Stakes in Globe’s Mynt, Operator of the Philippines’ GCash, Fuse Lending

Ant Financial Services Group (Ant Fin), a member of China’s Alibaba Group, and Ayala Corporation, a Philippine conglomerate, recently announced their purchases of minority stakes in Globe Fintech Innovations, a financial technology (fintech) affiliate of Globe Telecom that uses the trade name Mynt. Mynt operates GCash, a mobile money Continue reading

MICROFINANCE EVENT: Social Performance Task Force (SPTF) Annual Meeting; June 6 – 8, 2017, Mexico City, Mexico

Event Name: Social Performance Task Force 2017 Annual Meeting

Event Date: June 6 – June 8, 2017

Event Location: Mexico City, Mexico

Summary of Event: This meeting will include plenary speeches, working group meetings and networking sessions relating to financial inclusion regulation, social outcomes data collection, and analysis and advances in “client-centric” technology [2]. The event will begin with an introductory session on the Universal Standards for Social Performance Management (SPM) and the resources available to financial service providers for measuring and improving their social performance. This is the first time this event is taking place in Latin America since 2013. Continue reading

MICROFINANCE EVENT: Dot Finance Africa Presents Its Second Fintech Conference on May 17 – 18, 2017 in Kigali, Rwanda

Event Name: Dot Finance Africa

Event Date: May 17 – May 18, 2017

Event Location: Kigali, Rwanda

Summary of Event: This event will include speeches and discussions on financial technology (fintech) topics including artificial intelligence, blockchain databases, client protection, collaboration, Continue reading

MICROCAPITAL BRIEF: World Bank Providing $130m for Financial Inclusion Effort in Pakistan

The government of Pakistan recently announced the start the Pakistan Financial Inclusion and Infrastructure Project with funding totaling USD 130 million from two arms of the World Bank, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Three Pakistani organizations will carry out the project: the Pakistan Microfinance Investment Company, a new organization funded by Continue reading

MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $46m, Largely in Asia, Panama, Tanzania

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 46 million to unidentified providers of financial services in Cambodia, India, Panama, Sri Lanka, Tanzania and Continue reading

MICROCAPITAL BRIEF: Financiera FINCA Nicaragua Launches $10m Bond Offering to Expand Microfinance Lending

Financiera FINCA Nicaragua, an affiliate of US-based microfinance NGO FINCA International, recently registered a bond program totaling the equivalent of USD 10 million from which it subsequently issued one- and three-year bonds totaling USD 1.1 million. Investors over-subscribed Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Financiera FINCA Nicaragua Launches $10m Bond Offering to Expand Microfinance Lending Posted in Deals, Latin America

MICROFINANCE EVENT: 5th European Research Conference on Microfinance; June 12 – 14, 2017; Portsmouth, UK

Event Name: 5th European Research Conference on Microfinance

Event Date: June 12 – June 14, 2017

Event Location: Portsmouth, United Kingdom Continue reading

MICROCAPITAL BRIEF: Tala Raises $30m in Series B Equity from IVP, Ribbit Capital, Existing Investors to Expand Mobile Phone Microlending in Asia, Latin America

Tala, a US-based microlender serving East Africa and Southeast Asia via mobile phone apps, recently raised USD 30 million through its Series B equity round in order to expand its services into South Asia and Latin America. Tala provides loans between USD 10 Continue reading

MICROCAPITAL BRIEF: CreditAccess Asia Raises $103m in Equity from Investors Including Asian Development Bank, Istituto Atesino di Sviluppo, Olympus Capital

CreditAccess Asia, which is based in the Netherlands and provides microfinance services in four countries in Asia, recently acquired new equity investments totaling EUR 95 million (USD 103 million). The investors include the Asian Development Bank (ADB) and Italian private equity firm Istituto Atesino di Sviluppo. Olympus Capital Asia, a previous equity investor in CreditAccess, was among the investors increasing their stakes through the conversion Continue reading

MICROCAPITAL BRIEF: Senegal’s Banque Régionale de Marché to Launch “eCFA”  Digital Currency

In partnership with US-based eCurrency, Senegal’s Banque Régionale de Marché (BRM) is planning to launch a digital version of CFA francs, the currency used by the West African Economic and Monetary Union (WAEMU), which comprises Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The currency is described as Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Senegal’s Banque Régionale de Marché to Launch “eCFA”  Digital Currency Posted in Africa, Mobile Money

MICROCAPITAL BRIEF: NpM, Rabobank, FMO Promote Satellite Data to Help Farmers Improve Yields, Access Finance

The NpM Platform for Inclusive Finance, formerly known as the Netherlands Platform for Microfinance, and the Rabobank Foundation, an affiliate of the Dutch cooperative Rabobank, recently launched an effort called “Geodata for Inclusive Finance and Food Security.” The goal is to encourage the use of satellite data to improve agricultural yields, for example by Continue reading

SPECIAL REPORT: Application Period Open for $106k European Microfinance Award on Housing Until May 22

The European Microfinance PlatformEuropean Microfinance Platform (e-MFP) has begun accepting applications for the eighth iteration of its European Microfinance Award, which is focused this year on financing housing improvements for people with low incomes. The deadline to apply is May 22. The award, which includes a cash prize of EUR 100,000 (USD 106,000), will be presented at European Microfinance Week, which is being held Continue reading

MICROFINANCE EVENT: “Horizon 2037: Fair Finance for All” – 20th Microfinance Centre (MFC) Annual Conference; May 24-26, 2017; Sarajevo, Bosnia and Herzegovina

Event Name: “Horizon 2037: Fair Finance for All” – 20th Microfinance Centre (MFC) Annual Conference

Event Date: May 24 – May 26, 2017

Event Location: Sarajevo, Bosnia and Herzegovina

Continue reading

Written by Comments Off on MICROFINANCE EVENT: “Horizon 2037: Fair Finance for All” – 20th Microfinance Centre (MFC) Annual Conference; May 24-26, 2017; Sarajevo, Bosnia and Herzegovina Posted in Uncategorized

MICROFINANCE EVENT: Global Sustainable Finance Conference 2017; July 13-14, 2017; Karlsruhe, Germany

Event Name: Global Sustainable Finance Conference 2017

Event Date: July 13-14, 2017

Event Location: Karlsruhe, Germany

Cost: EUR 1,260, including hotel accommodation

Conference Organizer: This event is organized by the European Organisation for Sustainable Development, which is dedicated to meeting the goals of the EU Strategy for Sustainable Development by “supporting the transition to an economically sound, socially just and an environmentally sustainable world.”

Continue reading

Written by Comments Off on MICROFINANCE EVENT: Global Sustainable Finance Conference 2017; July 13-14, 2017; Karlsruhe, Germany Posted in Events

MICROCAPITAL BRIEF: Incofin’s agRIF Raises $27m for Financial Inclusion in Agriculture from Investors Including AXA, KBC, Korys, Invest in Visions, MRBB

Belgium’s Incofin Investment Management recently informed MicroCapital that its agRIF, the successor to the Rural Impulse Funds I and II, has raised USD 27 million in unspecified portions from multiple investors, bringing its size Continue reading

MICROCAPITAL BRIEF: With Certification of al Amana, Attawfiq, 64% of Microfinance Clients in Morocco Covered by “Smart” Campaign for Client Protection

Italy’s MicroFinanza Rating recently certified two Moroccan microfinance institutions (MFIs), al Amana and Attawfiq Micro-Finance, as operating within the Smart Campaign’s Client Protection Principles. With a third institution, Tamwil El Fellah (TEF), having received certification in 2016, 64 percent of Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: With Certification of al Amana, Attawfiq, 64% of Microfinance Clients in Morocco Covered by “Smart” Campaign for Client Protection Posted in Africa, Risks, Transparency

MICROFINANCE PUBLICATION ROUND-UP: Alternative Financing in Africa, Middle East; Interoperability of Digital Financial Systems; Financial Inclusion in Kerala, India

“The Africa and Middle East Alternative Finance Benchmarking Report”; by The Cambridge Centre for Alternative Finance (CCAF) and Energy4Impact; published by CCAF; February 2017; 64 pages; available at https://www.scribd.com/document/338995486/CCAF-Africa-and-Middle-East-Alternative-Finance-Report-2017#download&from_embed/

This report focuses on assessing the types and prevalence of alternative financing in Africa and the Middle East. Continue reading

MICROCAPITAL BRIEF: EFSE Extends Credit of $20m QNB Finansbank of Turkey for On-lending to Agricultural Small, Medium-sized Enterprises (SMEs)

The European Fund for Southeast Europe (EFSE), a microfinance investment vehicle led by German development bank Kreditanstalt für Wiederaufbau (KfW), recently announced that it has provided an additional senior loan to QNB Finansbank, a Turkey-based commercial bank, in the amount of USD 20 million. QNB plans to use the funds to expand its agricultural lending in rural Turkey. In support of the transaction, EFSE is offering QNB Continue reading