Amira Berrada
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Monday, May 28, 2012

MICROCAPITAL BRIEF: World Bank Group’s “Measuring Financial Inclusion: The Global Findex Database” Indicates 2.5 Billion Do Not Have Access to Formal Banking

A recent policy research working paper released by The World Bank Group, entitled “Measuring Financial Inclusion: The Global Findex Database” indicates that three quarters of the world’s poor people, 2.5 billion, do not have access to a bank account mostly because of cost, distance and the paperwork required to set up a bank account [1][2]. Continue Reading »

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Tuesday, May 1, 2012

MICROCAPITAL BRIEF: Indian Microfinance Institution, Basix, to Expand in Africa

Basix Group, an Indian provider of microfinance and other services to poor people since 1996, is reportedly looking to establish a footprint in Africa in order to increase earnings and diversify risk. Continue Reading »

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Monday, April 30, 2012

MICROCAPITAL BRIEF: Microinsurance Innovation Facility: Market Reaches 500m People, 60% in India

According to a report titled “Protecting the Poor a Microinsurance Compendium” that was recently published by the Microinsurance Innovation Facility, an initiative of the UN’s International Labor Organization (ILO) and Munich Re, a German reinsurance company, the total market for microinsurance reached 500 million people with the largest shares in India and China. Continue Reading »

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Monday, April 30, 2012

MICROCAPITAL BRIEF: 87 MFIs Earn 2011 Microfinance Information Exchange (MIX) Social Performance Reporting Award

Microfinance Information Exchange (MIX), a US-based nonprofit provider of data and analysis on microfinance institutions (MFIs), funders, networks and service providers dedicated to serving the financial needs of low-income clients, has released the names of 87 MFIs that have earned its winners of the Social Performance Reporting Award. Continue Reading »

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Monday, April 30, 2012

MICROCAPITAL BRIEF: AccessBank of Azerbaijan Implements Loan Repayment by Telephone, Debit Card

Microfinance institution (MFI) AccessBank of Azerbaijan, an affiliate of Germany’s Access Microfinance Holding AG (AccessHolding), recently announced the implementation of a new service allowing customers to make loan payments by telephone. Continue Reading »

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Friday, April 27, 2012

MICROFINANCE BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Issues $1.25m Loan to Hattha Kaksekar Limited of Cambodia, $800k to Alide of Benin

The Grameen Credit Agricole Microfinance Foundation (GCAMF), which was founded in Luxembourg by French bank Credit Agricole and Grameen Trust of Bangladesh, has reported to MicroCapital that it has issued a loan of USD 1.25 million with a three-year term and a one-year grace period to Hattha Kaksekar Limited (HKL), a Cambodian microfinance institution (MFI). Continue Reading »

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Friday, April 27, 2012

MICROCAPITAL BRIEF: MTN, Stanbic IBTC Bank Partner to Provide Mobile Money Services in Nigeria

MTN Nigeria Communications Limited, a subsidiary of South Africa’s MTN Group, and Stanbic IBTC Bank, a member of Nigeria’s Standard Bank, recently have signed an agreement to provide mobile money services in Nigeria. Continue Reading »

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Thursday, April 26, 2012

MICROCAPITAL BRIEF: Canada’s Development International Desjardins (DID), Belgian Investment Company for Developing Countries Partner to Finance Small Enterprises in Central Africa

Development International Desjardins (DID), the social arm of Canadian cooperative financial firm, the Desjardins Group; and Belgian Investment Company for Developing Countries has recently agreed to provide support to small enterprises in Central Africa. Continue Reading »

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Friday, April 20, 2012

MICROCAPITAL BRIEF: TIM Participacoes Launches Microinsurance through Text Messages in Brazil

TIM Participacoes, the Brazilian subsidiary of Italian telecommunications company Telecom Italia Mobile, reportedly will launch a funeral microinsurance product for low-income individuals that can be enrolled in and paid for via mobile telephones. Continue Reading »

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Thursday, April 19, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Wells Fargo Partner To Launch $200m Facility to Increase Trade Finance for Banks in Emerging Markets, Half in Middle East, North Africa

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and Wells Fargo, an American financial services provider, recently teamed up to launch a USD 200 million, five-year risk-sharing facility to support the trade financing needs of banks in emerging countries with the aim to propel economic growth and job creation. Continue Reading »

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Wednesday, April 18, 2012

MICROCAPITAL BRIEF: New Microfinance Regulation in Botswana to Provoke Industry Decline and Business Closures

The creation of the Non-Bank Financial Institution Regulatory Authority (NBFIRA) in Botswana, was recently announced by MicroCapital, reportedly has disappointed microlenders in the country. Continue Reading »

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Wednesday, April 18, 2012

MICROCAPITAL BRIEF: Private Equity Investments in Small and Medium Enterprises (SMEs) in India Rise 70% to $664m

The Planning Commission of the government of India recently released a preliminary approach paper regarding its 12th five-year plan (2012-2017) [1]. Continue Reading »

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Wednesday, April 18, 2012

MICROCAPITAL BRIEF: Islamic Development Bank, UN’s AGFUND, Sudanese Government Fund Provide Capital of $5m to Microfinance Institution Al-Ebda’a

Al-Ebda’a, a Sudanese microfinance institution (MFI), was recently established with USD 5 million in capital. Continue Reading »

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Monday, April 16, 2012

MICROCAPITAL BRIEF: Constanta Bank of Georgia Grows Microfinance Assets by 77%, Plans to Open 15 Branches in 2012

During 2011, Constanta Bank, a provider of microfinance services to micro- and small businesses in Georgia, witnessed a 77-percent growth in assets, a 71-percent growth in its credit portfolio and an 89-percent growth in the amount of loans issued relative to the previous year [1]. Continue Reading »

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Monday, April 16, 2012

MICROCAPITAL BRIEF: Draft Law Would Cut Subsidies, Cap Interest Rates in Sri Lanka, Establish Microfinance Regulatory Authority

The Sri Lankan government recently released a new draft law to regulate microfinance, which would establish a Microfinance Regulatory and Supervisory Authority (MRSA) run by a five-person board of directors. Continue Reading »

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Tuesday, April 10, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC), BNP Paribas Partner on $100m Facility to Increase Agriculture Financing in Sub-Saharan Africa, Eastern Europe

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and BNP Paribas (Suisse) SA, the Swiss subsidiary of France-based financial services provider BNP Paribas recently teamed up to launch a USD 100 million, three-year risk-sharing facility to support the financing needs of agriculture firms in Sub-Saharan Africa and Eastern Europe. Continue Reading »

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Monday, April 9, 2012

MICROCAPITAL BRIEF: Chinese Government Establishes 12 Goals to Improve Local Capital Markets, Access to Finance for Private Small and Medium-Sized Enterprises

The Chinese government’s State Council recently identified 12 measures to improve local capital markets, Chinese financial institutions and access to finance for Chinese private enterprises that are small and medium-sized. Continue Reading »

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Monday, April 9, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $75m to Yes Bank of India to Increase Funding for Small Businesses, Farms in India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced it will be lending USD 75 million to India’s Yes Bank, a commercial bank headquartered in Mumbai, to support its on-lending activities to small and medium-sized enterprises and agricultural clients. Continue Reading »

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