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Monday, May 2, 2011

MICROCAPITAL BRIEF: MasterCard Foundation, Equity Group Foundation Celebrate First Graduation From Financial Education Program in Kenya

The MasterCard Foundation, a Canadian institution that seeks to alleviate poverty through microfinance and education, and Equity Group Foundation (EGF), the social arm of Kenyan microfinance institution Equity Bank, are celebrating the graduation of the first 1,000 participants from their financial education program in Kenya [1]. Continue Reading »

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Friday, April 29, 2011

MICROCAPITAL BRIEF: MFTransparency Updates Pricing Data for Cambodia’s Microfinance Industry

MFTransparency, a US-based nongovernmental organization (NGO) that provides information on credit products and pricing, has published updated pricing data for Cambodia. The updated data builds on the original data published in 2009 as part of its collection of international microloan product pricing data. Continue Reading »

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Friday, April 29, 2011

MICROCAPITAL BRIEF: Stanford Social Innovation Review (SSIR) Blog, Ignacio Mas, John Staley Offer Regulators, Financial Service Providers Ideas to Increase Financial Inclusion

Ignacio Mas, Senior Advisor to the Financial Services for the Poor Initiative at the Bill & Melinda Gates Foundation, and John Staley, Director of Finance and Shared Services at Equity Bank of Kenya, recently posted an entry on the Stanford Social Innovation Review (SSIR) blog titled “Are We Serious About Financial Inclusion for All?” [1]. Mr Mas and Mr Staley highlight the importance of increasing access to financial services in developing countries and outline their four suggestions for regulators and financial service providers to advance financial inclusion. Continue Reading »

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Thursday, April 28, 2011

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Focus Note Examines Cross-Border Funding of Microfinance

A new Focus Note from CGAP (Consultative Group to Assist the Poor) examines data from CGAP’s annual surveys on cross-border microfinance funding to provide an overview of the microfinance funding landscape and trends in cross-border funding [1]. Continue Reading »

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Tuesday, April 26, 2011

MICROCAPITAL BRIEF: SEED Financial Services, Financial Information Network and Operations Limited (FINO), A Little World Seek Private Equity Funding to Scale Up Business Correspondent Operations in India

Business Standard, an Indian newspaper, has reported that SEED Financial Services, an Indian consulting, planning and implementation agency; Financial Information Network and Operations Limited (FINO), an Indian technology company that seeks to enable financial inclusion; and A Little World, a technology company based in India are seeking private equity funding to scale their business correspondent operations. Business correspondents are individuals or organizations that are permitted to “raise deposits; disburse tiny loans; recover bad loans; sell micro insurance, mutual funds, pension products and other third-party products; and receive and deliver small value remittances” on behalf on banks [2]. Continue Reading »

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Tuesday, April 26, 2011

MICROCAPITAL BRIEF: FM Bank of Poland Signs $24.6m Agreement with European Investment Fund (EIF), Guaranteed By European Progress Microfinance Facility (EPMF)

FM Bank, a Polish financial institution specializing in servicing micro- and small enterprises, has signed an agreement for a loan of PLN 68.7 million (USD 24.6 million) from European Investment Fund (EIF), which invests in institutions that finance small and medium-sized enterprises (SMEs). The loan, which will be used to on-lend to start-up enterprises, will be made under a 75-percent guarantee from the European Progress Microfinance Facility (EPMF), which seeks to enable microfinance institutions (MFIs) within the EU to increase lending to entrepreneurs by issuing guarantees, loans and equity financing. Under the agreement, FM Bank will provide Polish entrepreneurs loans of up to EUR 25,000 (USD 35,600) for enterprises that have been operating for less than one year [1]. Currently, entrepreneurs with less than 12 months of business history are excluded from external financing in Poland according to EIF. Continue Reading »

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Tuesday, April 26, 2011

MICROCAPITAL BRIEF: Fondazione Giordano Dell’Amore Accepting Applications for Microfinance Best Practices International Award 2011

Fondazione Giordano Dell’Amore, an Italian foundation, is accepting applications for its Microfinance Best Practices International Award 2011. The award aims to increase the understanding of microfinance as a tool to fight poverty and social exclusion and to encourage microfinance practitioners to share successful practices. The focus of the award for 2011 is “transparency, client protection and social impact.” Continue Reading »

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Tuesday, April 26, 2011

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Microfinance Blog Explores Effects of Arab Upheaval on Microfinance Institutions (MFIs)

CGAP Microfinance Blog, operated by US-based think tank CGAP (Consultative Group to Assist the Poor), recently posted an article by Mohammed Khaled, a CGAP representative for the Middle East-North Africa Region, that explores the implications for microfinance institutions (MFIs) of the recent wave of demonstrations and resulting leadership changes that have occurred in the Middle East and North Africa. Mr Khaled says that while it “could be too early to analyze the impact of recent events in the Arab world on microfinance, one can conclude some general and common lessons despite differences among countries” [1]. Mr Khaled argues that the following areas are of the utmost importance: emergency plans, strategic partnerships with clients, internal control systems and job creation [1]. Continue Reading »

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Tuesday, April 26, 2011

MICROCAPITAL BRIEF: responsAbility of Switzerland Loans $6.9m to FIE Grand Poder of Argentina, Corporacion Narino Empresa y Futuro (Contactar) of Colombia, Banco Solidario of Ecuador, Arasy Organica of Paraguay

responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 6.92 million to microfinance organizations Argentina, Colombia, Paraguay and Ecuador. Continue Reading »

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Monday, April 25, 2011

MICROCAPITAL EVENT: Developing Inclusive Financial Systems: The CGAP (Consultative Group to Assist the Poor) Course for Funders of Microfinance in Dakar, Senegal, June 6 – June 10, 2011 CANCELLED

Event Name: Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance

Event Date: June 6 – June 10, 2011 THIS EVENT HAS BEEN CANCELLED

Event Location: Dakar, Senegal Continue Reading »

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Saturday, April 23, 2011

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Governor Explains Delay in Microfinance Regulatory Framework

Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Sanusi has reportedly explained the delay in the release a proposed microfinance regulatory framework saying, “if we are going to have 2,000 microfinance institutions, I want to know that we have the capacity to regulate and supervise those institutions” [1]. Continue Reading »

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Friday, April 22, 2011

MICROCAPITAL BRIEF: Applications Open for European Union/Africa, the Caribbean and Pacific (EU/ACP) Microfinance Scholarships for Boulder Microfinance Training Programme 2011

The European Union/Africa, the Caribbean and Pacific (ACP) Microfinance Program is offering scholarships for ACP policymakers to participate in the Boulder Microfinance Training Program that will take place in Turin, Italy, from July 18 to August 5, 2011 [1]. The scholarship, worth EUR 3,100 (USD 4,200), will cover tuition for the three weeks of training [1]. The scholarship does not cover accommodation or travel expenses. Candidates must be policymakers such as staff members of central banks or other ministries or supervisory bodies that create or implement policies that impact access to finance within ACP [1]. The Boulder Microfinance Training Programme covers topics such as agricultural and rural finance, analyzing microfinance institution (MFI) performance, branchless banking, business planning, financial risk management, microinsurance and integrating social performance into microfinance management and reporting. Continue Reading »

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Tuesday, April 19, 2011

MICROCAPITAL BRIEF: Indian Government Proposes Micro Financial Sector (Development and Regulation) Bill Include NBFCs, Andhra Pradesh Considers Non-Banking Financing Company (NBFC) Model to Balance Microfinance Institutions (MFI)

The Indian federal government has proposed changes to the Micro Financial Sector (Development and Regulation) bill to cover all types of microfinance institutions (MFIs), including non-banking finance companies (NBFCs) operating in the microfinance sector [2]. The Micro Financial Sector (Development and Regulation) bill, which was first passed in 2007, covers only MFIs not overseen by the Reserve Bank of India (RBI), India’s central bank [2]. RBI regulates banks and most NBFCs. This leaves NBFCs operating in the microfinance sector outside of the purview of both RBI and the Micro Financial Sector (Development and Regulation) bill [2]. Continue Reading »

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Tuesday, April 19, 2011

MICROCAPITAL EVENT: Microfinance Pasifika Network Presents Third Pacific Microfinance Week 2011 (PMW2011), July 25 – July 29, 2011, Port Vila, Vanuatu

Event Name: 3rd Pacific Microfinance Week 2011 (PMW2011)

Event Date: July 25 – July 29, 2011

Event Location: Port Vila, Vanuatu Continue Reading »

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Tuesday, April 19, 2011

MICROCAPITAL BRIEF: MicroCred Group of France Releases 2010 Financial Results, Announces Plans for 2011

MicroCred Group, a microfinance investment company created by French NGO PlaNet Finance, has released its 2010 results.

For 2010, MicroCred reports a total balance sheet increase of 75 percent and an outstanding loan portfolio of EUR 43.3 million (USD 62.5 million), an increase of 73 percent compared with 2009 [1]. MicroCred reports a increase in savings deposits of 451 percent as compared with 2009 to EUR 12.7 million (USD 18.3 million) saved by 60,870 clients in 2010 [1]. Continue Reading »

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Tuesday, April 19, 2011

MICROCAPITAL BRIEF: PlaNet Guarantee, Global Index Insurance Facility (GIIF) to Launch Index Insurance Platform in West Africa

PlaNet Guarantee, a member of the France-based PlaNet Finance Group, and the Global Index Insurance Facility (GIIF), a program of the International Finance Corporation (IFC), have joined to launch a regional platform for index insurance in West Africa. The objective of the project is “to develop agricultural insurance systems in West African countries including Senegal, Mali and Burkina Faso” [1]. PlaNet Finance Group reports that this will be done by developing indexes, designing insurance products, providing underwriting, making links between distribution channels and insurers, training farmers and disseminating information to partners [1]. The platform will be based in Senegal with satellite branches in the other two countries. Continue Reading »

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Wednesday, April 13, 2011

MICROCAPITAL BRIEF: Goodwell Investments Expands Beyond Microfinance to Include SME Finance, Health, Renewable Energy

Goodwell Investments, a business development company based in the Netherlands, has announced that it will expand the scope of its impact investing services from a focus on microfinance to include small and medium-sized enterprise finance, water & sanitation, health care and renewable energy [1]. Continue Reading »

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Tuesday, April 12, 2011

MICROCAPITAL EVENT: Hanson Wade Hosts Transformational Microfinance LATAM in Mexico City, Mexico, May 17 – May 19, 2011

Event Name: Transformational Microfinance LATAM

Event Date: May 17 – May 19, 2011

Event Location: Mexico City, Mexico Continue Reading »

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