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Tuesday, March 1, 2011

MICROFINANCE EVENT: International Conference on Islamic Banking and Finance in Quatre Bornes, Mauritius, April 5 – 6, 2011, to Include Microfinance Session

Event Name: International Conference on Islamic Banking and Finance

Event Date: April 5 – April 6, 2011

Event Location: Quatre Bornes, Mauritius Continue Reading »

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Monday, February 28, 2011

MICROCAPITAL BRIEF: MFTransparency, Grameen Crédit Agricole Microfinance Foundation Partner to Host West African Transparent Pricing Workshop in Senegal, March 3, 2011

MFTransparency, a US-based nongovernmental organization (NGO) that aims to provide information on credit products and pricing, and Grameen Crédit Agricole Microfinance Foundation, a nonprofit organization established in Luxembourg in 2008, recently announced that the two outfits have partnered to host the West African Transparent Pricing Workshop on March 3, 2011, in Dakar, Senegal. The event will bring together representatives of microfinance institutions (MFIs), microfinance networks, government officials and financial regulators for a one-day training workshop to promote pricing transparency standards followed by a half-day conference on current topics in West African microfinance markets. Continue Reading »

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Monday, February 28, 2011

MICROCAPITAL BRIEF: Police Blamed for Delay in Efforts to Recover Unpaid Microfinance Loans in Rwanda

A Rwandan taskforce consisting of officials from the justice, local government and internal security ministries, as well as the National Bank of Rwanda (often abbreviated to the French acronym BNR) and the directorate of Public Prosecution, has reportedly blamed the national police force for delays in the recovery of RWF 7.2 billion (USD 12 million) from microfinance borrowers who have failed to repay their loans. So far, RWF 22 million (USD 36,700) of the outstanding funds has been collected. Continue Reading »

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Monday, February 28, 2011

MICROCAPITAL BRIEF: Advans SA Launches Microfinance Institution (MFI) Advans Bank Tanzania in Dar es Salaam

Advans SA, a microfinance investment vehicle (MIV) registered in Luxembourg, recently announced the launch of Advans Bank Tanzania in Dar es Salaam. As reported by MicroCapital in November, 2010, the new microfinance institution (MFI) will offer products such as loans to small and medium-sized enterprises (SMEs), savings accounts in local and foreign currencies and domestic money transfers. Continue Reading »

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Monday, February 28, 2011

MICROCAPITAL BRIEF: ACCION Microfinanças of Manaus, Brazil Begins Disbursing Microfinance Loans

ACCION Microfinanças, a microfinance institution (MFI) operating in Brazil as a subsidiary of US-based nonprofit ACCION International, recently disbursed its first loan. Officially established in December 2010, ACCION Microfinanças aims support to poor people and small and medium-sized enterprises (SMEs) in the Amazon region through access to microcredit. Continue Reading »

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Wednesday, February 16, 2011

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Grants $771k to Bank South Pacific (BSP) Rural Through Pacific Microfinance Initiative to Bring Electronic Banking Services to Rural Entrepreneurs in Papua New Guinea

The International Finance Corporation (IFC), the investment arm of the World Bank Group, a multilateral development finance organization based in Washington, DC, recently provided Bank South Pacific (BSP) Rural, a subsidiary of the privately-owned commercial bank BSP, a USD 771,000 “performance-based” grant through the Pacific Microfinance Initiative, a joint effort between the Australian government and IFC, to bring electronic banking services to small business owners in Papua New Guinea. Continue Reading »

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Tuesday, February 15, 2011

MICROCAPITAL BRIEF: Farz Foundation Hosts First National Islamic Microfinance Conference in Lahore, Pakistan, Promotes Farz Methodology

The Farz Foundation, an Islamic microfinance institution (MFI) based in Pakistan, recently hosted the first National Islamic Microfinance Conference in Lahore, Pakistan, in an effort to develop solutions for the microfinance industry in Pakistan. Continue Reading »

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Monday, February 14, 2011

MICROFINANCE EVENT: Rotary to Host Victoria Microcredit Conference in Victoria, British Columbia, Canada, March 4 – March 5, 2011

Event Name: Victoria Microcredit Conference

Event Date: March 4 – March 5, 2011

Event Location: Victoria, British Columbia Continue Reading »

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Monday, February 14, 2011

MICROFINANCE EVENT: Microfinance Investment Summit Africa to Be Held April 5 – 7, 2011, in Johannesburg, South Africa

Event Name: Microfinance Investment Summit Africa

Event Date: April 5 – April 7, 2011

Event Location: Johannesburg, South Africa Continue Reading »

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Monday, February 14, 2011

MICROFINANCE EVENT: Mobile Money Transfer (MMT) Americas Conference and Expo, Sao Paulo, Brazil, March 21 – 24, 2011

Event Name: Mobile Money Transfer (MMT) Americas Conference and Expo

Event Date: March 21 – March 24, 2011

Event Location: Sao Paulo, Brazil Continue Reading »

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Monday, February 14, 2011

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Honors Obioma Liyel-Imoke, Founder of POWER, For Empowering Women at Nigeria’s Fifth Annual Microfinance Conference and Entrepreneurial Award Ceremony

The Central Bank of Nigeria (CBN) recently honored Obioma Liyel-Imoke, the first lady of Cross River State and founder of microlender Partnership Opportunities for Women Empowerment Realization (POWER), with the Best Support First Lady for Women Empowerment award for the second consecutive year at the country’s fifth Annual Microfinance Conference and Entrepreneurial Award Ceremony. Continue Reading »

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Wednesday, February 9, 2011

MICROCAPITAL BRIEF: Agora Microfinance Partners To Launch Fund Investing in Africa, Asia

Agora Microfinance Partners LLP, a London-based outfit that invests equity in microfinance institutions (MFIs) in Asia and Africa, will launch the Agora Microfinance Fund in early 2011. The microfinance investment vehicle will be the first microfinance investment fund managed by Agora Microfinance Partners, which currently invests via Mauritius-based investment vehicle Moringaway. Continue Reading »

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Wednesday, February 9, 2011

MICROCAPITAL BRIEF: Women’s World Banking (WWB) Center for Microfinance Leadership, University of Pennsylvania’s Wharton School of Business Host Second Annual Advanced Leadership Program

Women’s World Banking (WWB) Center for Microfinance Leadership, an organization that provides technical and advisory services to microfinance institutions (MFIs) affiliated with WWB, and the Aresty Institute for Executive Education at the University of Pennsylvania’s Wharton School of Business recently partnered to host the second annual Advanced Leadership Program, a multi-day course focusing on trends and best practices in the microfinance industry. Continue Reading »

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Tuesday, February 8, 2011

MICROCAPITAL BRIEF: In Partnership With Banco Itaú Europa, Commerzbank, Israel Discount Bank and Banco Security, International Finance Corporation (IFC) Syndicates $45m to Banco Industrial do Brasil (BIB) to Support Small and Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), the investment arm of the World Bank Group, a multilateral development finance organization based in Washington, DC, recently disbursed a syndicated loan equivalent to USD 45 million to Banco Industrial do Brasil (BIB), a commercial bank based in São Paulo, Brazil, with the intent of increasing financing initiatives for small and medium-sized enterprises (SMEs) in Brazil. Continue Reading »

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Monday, February 7, 2011

MICROCAPITAL BRIEF: Microfinance Institutions Network (MFIN) of India to Investigate Claims of Improper Handling of Mutual Benefit Trusts (MBTs) by SKS Microfinance, SHARE Microfin and Spandana Sphoorty

The Microfinance Institutions Network (MFIN), a trade association of Indian microfinance lenders, has set up a committee to investigate claims that SKS Microfinance, a for-profit microfinance institution (MFI); SHARE Microfin, a regulated non-banking finance company (NBFC); and Spandana Sphoorty, another for-profit MFI, took advantage of clients through the use of mutual benefit trusts (MBTs) to converting the institutions into for-profit entities. Continue Reading »

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Monday, February 7, 2011

MICROCAPITAL BRIEF: Pakistan Telecommunication Company Limited (PTCL) to Provide Connectivity and Surveillance Products to National Rural Support Program (NRSP) Microfinance Bank

Pakistan Telecommunication Company Limited (PTCL), an internet and telephone service provider based in Islamabad, recently reached an agreement with the licensed banking arm of Pakistani microfinance institution (MFI) National Rural Support Program (NRSP), NRSP Microfinance Bank, to provide the central and branch offices of the bank with internet connections and bank surveillance. Continue Reading »

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Friday, February 4, 2011

MICROCAPITAL BRIEF: Book From Asian Development Bank (ADB)—Rural Finance in Poverty-Stricken Areas in the People’s Republic of China—Suggests Reform of China’s Microfinance Industry

A new book from Asian Development Bank (ADB)—Rural Finance in Poverty-Stricken Areas in the People’s Republic of China—pushes for reforms in China’s rural finance industry, including its microfinance industry, that it argues would help small businesses and alleviate poverty. Continue Reading »

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Friday, February 4, 2011

MICROCAPITAL SPECIAL REPORT: “Principles for Investors in Inclusive Finance” Launched at Responsible Finance Forum in The Hague, Netherlands

A group of 40 global investors in the microfinance industry, including US retirement planning firm TIAA-CREF and several microfinance investment vehicles (MIV), recently launched a set of guiding principles for investing in the microfinance industry at the Responsible Finance Forum in The Hague, Netherlands. The initiative – titled “Principles for Investors in Inclusive Finance” – is reportedly the brainchild of Her Royal Highness Princess Maxima, the United Nations Secretary General’s Special Advocate for Inclusive Finance for Development, and a core group of Dutch investors, including; Triodos, a microfinance investment vehicle (MIV); Goodwell, a for-profit social investment outfit; Oikocredit, a cooperative investment fund; PGGM, an investment and pension firm; and SNS Asset Management, an institutional investment group. The group and Her Royal Highness Princess Maxima developed the principles together with CGAP and the United Nations-backed Principles for Responsible Investment (PRI), a network of international investors created to promote the practice of responsible investing. Continue Reading »

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