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Monday, April 12, 2010

MICROFINANCE EVENT: Microinsurance Summit Miami to be Hosted by Hanson Wade May 26 – May 28, 2010

Event Name: Microinsurance Summit Miami

Event Date: May 26 – May 28, 2010

Event Location: Miami, Florida, USA

Event Website: http://www.hansonwade.com/events/microinsurance-summit-miami-2010/index.shtml

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events

Cost:

(Conference and two workshops) USD 2999

(Conference and one workshop) USD 2599

(Conference only) USD 1999

Discounts available for representatives of nonprofit organizations and groups of three or more. For more information, see http://www.hansonwade.com/events/microinsurance-summit-miami-2010/fees.shtml

Summary of Event:

Microinsurance Summit Miami consists of a two-day conference and two additional workshops the day after the conference. The event organizers aim to help participants understand how to scale up microinsurers while maintaining profitability. Continue Reading »

Tuesday, March 30, 2010

MICROCAPITAL BRIEF: Indian BASIX Microfinance Institution Bhartiya Samruddhi Finance Ltd. (BSFL) Partners with Micro Home Solutions

Bhartiya Samruddhi Finance Ltd. (BSFL), an Indian microfinance institution that is a member of the BASIX Group, recently entered into a strategic partnership with Micro Home Solutions (MHS), a social enterprise based in India that provides housing to poor urban residents. Continue Reading »

Tuesday, March 30, 2010

MICROCAPITAL BRIEF: Unitus, US Overseas Private Investment Corporation (OPIC) and Citi Microfinance Finalize $15m Credit Facility for Microfinance Institutions

Unitus Inc., an international nonprofit organization that supports microfinance institutions (MFIs); the US Overseas Private Investment Corporation (OPIC), a US government agency that invests in international development projects; and Citi Microfinance, Citi’s organization that aims to support MFIs, recently finalized a USD 15 million credit facility that aims to help foster growth among MFIs. Continue Reading »

Tuesday, March 30, 2010

MICROCAPITAL BRIEF: LeapFrog Investments Microinsurance Fund Raises Additional $65m in Commitments from International Finance Corporation (IFC), KfW, Flagstone Reinsurance, and Soros Economic Development Fund

LeapFrog Investments, an international for-profit microinsurance fund, recently announced that it had raised an additional USD 65 million in commitments, bringing the fund’s total to USD 112 million. Continue Reading »

Tuesday, March 30, 2010

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $2m in AccessBank Tajikistan to Help Expand Microfinance Programs

The International Finance Corporation (IFC), the lending arm of the World Bank, recently made a USD 2 million equity investment in AccessBank Tajikistan to help the new bank expand the availability of credit for micro- and small enterprises. Continue Reading »

Monday, March 29, 2010

MICROFINANCE EVENT: Mobile Money Transfer Africa Conference and Expo to be hosted May 4 – May 7, 2010 in Nairobi, Kenya

Event Name: Mobile Money Transfer Africa

Event Date: May 4 – May 7, 2010

Event Location: Nairobi, Kenya

Event Website: http://www.mobile-money-transfer.com/africa

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events

Cost: Prices range from USD 1799 to USD 3397 depending on which parts of the event participants wish to attend. Group discounts are available.

Summary of Event: The event is comprised of a one-day pre-conference workshop, a two-day conference and one-day of site visits to the local offices of M-PESA, a mobile-phone based money transfer service, and Grameen Foundation, an international organization that provides support to microfinance institutions. Continue Reading »

Thursday, March 25, 2010

MICROFINANCE EVENT: Third Annual Global Microfinance Investment Congress to Be Hosted in New York City May 24 – May 26, 2010 by PlaNet Finance

Event Name: Third Annual Global Microfinance Investment Congress

Event Date: May 24 – May 26, 2010

Event Location: New York, New York

Event Website: http://www.microfinancecongress.com/

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events

Cost: Congress only – USD 1595; Congress and Workshop – USD 2095. Discounts available for early registration (by March 26 and by April 16) as well as a USD 200 discount MicroCapital Monitor subscribers.

Summary of Event: The Global Microfinance Investor Congress intends to provide a place for representatives of microfinance investment vehicles (MIVs), microfinance institutions (MFIs) and other industry stakeholders to meet, collaborate and share best practices. Continue Reading »

Thursday, March 25, 2010

MICROCAPITAL BRIEF: International Investors Launch Microfinance Growth Fund (MIGRoF), a Lending Facility for Microfinance Institutions (MFIs) in Latin America and the Caribbean

The Inter-American Development Bank’s (IDB’s) Multilateral Investment Fund (MIF), a fund that finances micro- and small enterprises (MSEs); the Inter-American Investment Corporation (IIC), a member of the IDB that helps small and medium-sized enterprises (SMEs) gain access to finance; and the Corporación Andina de Fomento (CAF), an institution that mobilizes financial resources in Latin America, recently launched the Microfinance Growth Fund (MIGRoF), a facility expected to provide the equivalent of USD 250 million in medium- and long-term loans to microfinance institutions (MFIs) in Latin America and the Caribbean. Continue Reading »

Thursday, March 25, 2010

MICROFINANCE EVENT: Global Microinsurance Summit to be Hosted by C5 in Paris June 30 – July 1, 2010

Event Name: Global Microinsurance Summit

Event Date: June 30 – July 1, 2010

Event Location: Paris, France

Event Website: http://www.c5-online.com/microinsurance.htm

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events

Cost: GBP 850 (USD 1282) for microfinance institution representatives, GBP 999 (USD 1507) for investment fund representatives and GBP 1399 (USD 2110) for others. Discounts for registration before April 30 are available.

Summary of Event: The Global Microinsurance Summit aims to provide a platform for interaction and information exchange between microinsurance providers and investors. Continue Reading »

Thursday, March 25, 2010

MICROCAPITAL BRIEF: Outstanding Loan Volume by NGO Microfinance Institutions (MFIs) in India Doubled from 2008 to 2009

According to the Bharat Microfinance Report released by Sa-Dhan, an organization of microfinance institutions in India, the portfolio of NGO microfinance institutions (MFIs) grew 97 percent to INR 351 billion (the equivalent of USD 7.7 billion) in 2009. Continue Reading »

Wednesday, March 24, 2010

MICROCAPITAL BRIEF: Changes to Brazilian Development Bank’s (BNDES’s) Microcredit Program Aims to Double Number of Disbursements and Expand Microfinance Portfolio by 50% in Next Two Years

The Brazilian Development Bank (BNDES), a federal public finance company, recently announced changes to its microcredit program that could double the number of disbursements to microfinance institutions (MFIs) and expand its portfolio by 50 percent from BRL 80 million (the equivalent of USD 44.4 million) to BRL 120 million (the equivalent of USD 66.6 million). Continue Reading »

Monday, March 22, 2010

MICROCAPITAL BRIEF: Kenyan Insurance Regulatory Authority (IRA) Commissions Survey of Microinsurance Market

The Kenyan Insurance Regulatory Authority (IRA) recently commissioned a survey of the country’s microinsurance market in an attempt to facilitate the penetration of microinsurance through policy reforms. Continue Reading »

Friday, March 19, 2010

MICROCAPITAL BRIEF: Norddeutsche Landesbank (NORD/LB) Luxembourg’s Horizont Fund Invests in Microfinance Fund, European Fund for Southeast Europe (EFSE)

Norddeutsche Landesbank (NORD/LB) Luxembourg’s Horizont investment fund, a mutual fund that invests in a variety of asset classes such as inflation-linked bonds, gold and microfinance, recently invested roughly three percent of its volume in the European Fund for Southeast Europe, an international organization that provides financial support to microfinance institutions (MFIs) in southeast Europe [1]. Continue Reading »

Friday, March 19, 2010

MICROCAPITAL BRIEF: Australian Westpac Banking Corporation Offers Its Employees Matching Funds for Microfinance Loans

Westpac Banking Corporation, an Australian commercial bank, announced that it would begin to offer matching funds for loans made by its employees to poor entrepreneurs in the Asia-Pacific region through the microfinance site http://www.goodreturn.org, which allows individuals to make loans to microentrepreneurs via microfinance institutions. Continue Reading »

Tuesday, March 16, 2010

MICROFINANCE PAPER WRAP-UP: Assessing the Role of Microfinance in Response to Climate Change, by Shardul Agrawala and Maëlis Carraro

By Shardul Agrawala and Maëlis Carraro, published by Organization for Economic Co-operation and Development (OECD), February 2010, 38 pages, available at: http://www.microfinancegateway.org/gm/document-1.1.4705/02.pdf

This paper examines 22 microfinance institutions (MFIs) in Bangladesh and Nepal to determine areas in which microfinance may be able to facilitate adaptation to climate change. Continue Reading »

Monday, March 15, 2010

MICROCAPITAL BRIEF: CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank partner to launch Islamic Microfinance Challenge 2010

CGAP (Consultative Group to Assist the Poor), a policy and research center; Deutsche Bank, a European commercial bank with a microfinance program; Grameen-Jameel, a company that provides support to microfinance institutions (MFIs); and the Islamic Development Bank, an international finance institution, recently announced the Islamic Microfinance Challenge, a contest intended to promote the innovative design of Shariah-compliant products for Islamic microfinance clients. Continue Reading »

Monday, March 15, 2010

MICROCAPITAL BRIEF: MasterCard Foundation, CARE Canada, Aga Khan Foundation Canada (AKFC) to Extend Microfinance Services in Tajikistan and Rwanda

The MasterCard Foundation, a private Canadian foundation that supports microfinance; CARE Canada, an international humanitarian organization; and the Aga Khan Foundation Canada (AKFC), a nonprofit organization that supports international development, recently announced that they are providing CAD 9 million (the equivalent of USD 8.8 million) to fund two new programs that aim to extend savings services to 900,000 residents of Tajikistan and Rwanda. Continue Reading »

Tuesday, March 9, 2010

MICROCAPITAL BRIEF: International Finance Corporation (IFC), IBM and Republic Bank Launch Software Platform for Small and Medium-Sized Enterprises in Guyana

The International Finance Corporation (IFC), a member of the World Bank Group; IBM, a multinational computer corporation based in the United States; and Republic Bank Ltd., a commercial bank in the Caribbean, recently launched a free, online platform that aims to help small and medium-sized enterprises (SMEs) improve their performance. Continue Reading »