MICROFINANCE EVENT: Mobile Money and Digital Payments Africa Conference and Workshop, May 19-21, 2015, Johannesburg, South Africa

Event Name: Mobile Money and Digital Payments Africa

Event Date: May 19-21, 2015

Event Location: Hyatt Regency Hotel, Johannesburg, South Africa

Summary of Event: The aim of the event is to bring together sector stakeholders in an effort to strengthen mobile money payment systems and businesses in Africa. The two conference days will feature panel discussions and debates focused on developing financial services and other mobile products for un- and underbanked people, recent trends in mobile money, challenges in developing cashless payment systems in Africa and methods for leveraging social payments to improve financial service offerings for people left out of the traditional banking system. The workshop will focus on discussing strategies for retailers to gain authorization to sell mobile money and digital payment services in Europe. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Provide Consulting Services to An Binh Joint Stock Commercial Bank (ABBANK) to Finance Small, Medium-sized Enterprises (SMEs) in Vietnam

The International Finance Corporation (IFC), an arm of the US-based World Bank Group, recently announced that it has signed a “project services agreement” with An Binh Joint Stock Commercial Bank (ABBANK), a Vietnamese commercial bank. Continue reading

MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Loan $20m to India-based Caspian Impact Investment (CII) for On-lending to Enterprises

Overseas Private Investment Corporation (OPIC), a government-backed development finance institution based in the US capital of Washington, DC, recently agreed to loan USD 20 million to Caspian Impact Investments (CII), a fund launched in 2013 by Indian investment management and advisory services company Caspian Advisors Private Ltd. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Contribute $200m to IFC Financial Institutions Growth Fund (FIG Fund), Bringing Total Funding to $345m at First Close

The International Finance Corporation (IFC), a member of the US-based World Bank, recently announced that it will devote up to USD 200 million to the IFC Financial Institutions Growth Fund (FIG Fund), an investment vehicle that will make equity investments that aim to increase access to capital for small and medium-sized enterprises (SMEs) in developing markets [1]. Continue reading

MICROCAPITAL BRIEF: Standard Chartered Bank of India Loans $5m to Indonesian Microfinance Institution (MFI) Mitra Bisnis Keluarga (MBK) Ventura

The Indian unit of UK-based commercial financial institution Standard Chartered Bank (SCB) recently notified MicroCapital that it has disbursed a one-year loan of IDR 60 billion (USD 5 million) to Mitra Bisnis Keluarga (MBK) Ventura, a non-banking microfinance institution (MFI) founded in Indonesia in 2003. Additional information regarding the terms of the loan is not available. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Global Agriculture and Food Security Program, Sumitomo Mitsui Banking, Managed Co-Lending Portfolio Program to Loan $110m to Cambodia’s Acleda for agricultural lending

The International Finance Corporation (IFC), a member of the World Bank Group; the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies; Sumitomo Mitsui Banking Corporation (SMBC), a Tokyo-based subsidiary of Sumitomo Mitsui Financial Group; and the IFC Managed Co-Lending Portfolio Program, a platform that allows institutional investors to participate in IFC’s senior-loan portfolio, recently announced that they will be loaning a total of 110 million to Acleda Bank (Acleda), a Cambodian commercial bank. Continue reading

MICROCAPITAL BRIEF: Germany’s Gemeinschaftsbank für Leihen und Schenken (GLS), Federal Ministry for Economic Cooperation and Development (BMZ) Together Invest $34m in Green for Growth Fund Southeastern Europe (GGF)

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, reportedly has invested EUR 22 million (USD 23 million) in the Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency (EE) and renewable energy sources. Continue reading

MICROFINANCE EVENT: Association of Luxembourg Fund Industry (ALFI), European Microfinance Platform (e-MFP), Global Impact Investing Network (GIIN), Luxembourg Fund Labeling Agency (LuxFLAG) to Co-host “Impact Investing and Microfinance Conference,” April 29, 2015, Luxembourg

Event Name: Impact Investing & Microfinance Conference

Event Dates: April 29, 2015

Event Location: Namur Premises, Luxembourg Continue reading

MICROCAPITAL BRIEF: Laku Pandai Branchless Banking to Launch in Indonesia via Bank Central Asia, Bank Mandiri, Bank Rakyat Indonesia and Bank Tabungan Pensiunan Nasional

Four Indonesian financial institutions, Bank Central Asia (BCA), Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Tabungan Pensiunan Nasional (BTPN), are collaborating with Otoritas Jasa Keuangan (OJK), an arm of the Indonesian government that regulates financial institutions, to launch a branchless banking program known as Laku Pandai. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $32m to Tunisia’s Banque de Tunisie for On-Lending to Micro, Small, Medium-sized Enterprises (MSMEs); $3.2m to Support Women-Led SMEs in Kosovo

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has agreed to lend EUR 30 million (USD 32 million) to Tunisia’s Banque de Tunisie, for on-lending to micro-, small and medium-sized enterprises (MSMEs) in the country. Continue reading

SPECIAL REPORT: e-MFP Accepting Applications for $106k Sixth European Microfinance Award: “Microfinance in Post-Disaster, Post-Conflict Areas and Fragile States” Through June 3, 2015

The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 130 microfinance organizations and individuals, has announced that it is accepting applications for the Sixth European Microfinance Award, which will include a cash prize of EUR 100,000 (USD 106,000). This year’s award aims to recognize service providers operating in post-disaster, post-conflict and fragile states. Applications for the award may be submitted until June 3, 2015, by institutions that operate in such areas and provide financial services that are intended to increase the “resilience” of people in these areas. Successful applicants will illustrate their strategy for increasing “both their own resilience and that of their clients,” while highlighting how these services will respond to the immediate, medium- and long-term needs of clients in afflicted areas. To qualify, an institution must be based in a developing country and obtain a letter of support from a member of e-MFP. Continue reading

SPECIAL REPORT: Save the Date: African Microfinance Week (Semaine Africaine de la Microfinance), June 29 – July 3, 2015, Dakar, Senegal

Event Name: African Microfinance Week (Semaine Africaine de la Microfinance) 2015

Event Dates: June 29 – July 3, 2015

Location: King Fahd Palace Conference Center, Dakar, Senegal

Event Summary: The second annual African Microfinance Week will center around “accelerating innovative rural finance in Africa,” providing practitioners with a venue for exchanging ideas and reflecting on the trajectory of the industry. The event is designed to improve “the synergies” between the Benin-based African Microfinance Network (AFMIN), an association of 21 national microfinance networks; the African Microfinance Transparency Forum (AMT), a group that aims to strengthen the performance of African microfinance institutions (MFIs); the African Rural & Agricultural Credit Association (AFRACA), a Kenya-based group of 105 central banks, retail financial service providers and microfinance networks; and the Microfinance African Institutions Network (MAIN), a Cote d’Ivoire-based NGO with 71 members. The program is sponsored by the governments of Senegal and the Grand Duchy of Luxembourg with support from the US-based Citi Foundation; the Luxembourg-based European Investment Bank; the United Nations Capital Development Fund; and Microfact, a nonprofit, web-based platform that provides toolkits for building the capacity of MFIs. The week will include plenary sessions, trainings, an investors’ fair and the general assemblies of AFMIN and MAIN. The primary languages of the event will be French and English.

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