- Page 5
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    Our pdf newspaper includes you everything you need to know about microfinance news, research, events and key players.

  • Supporters

Wednesday, November 24, 2010

MICROCAPITAL BRIEF: Grameen Foundation Launches Upgraded Mifos Cloud Service For Microfinance Institutions (MFIs) in India

Grameen Foundation, a US-based nonprofit, announced at the recent Microfinance Leadership Summit on Technology in Manila, Philippines, that it has launched a hosted version of its Mifos management information system, Mifos Cloud, that is available for a fee to microfinance institutions (MFIs) in India. Unlike Mifos Cloud, which runs off-site, a version of the service has been available for free to MFIs around the world to run on their own hardware since 2006. Continue Reading »

Share
Wednesday, November 24, 2010

MICROCAPITAL BRIEF: Eyeing International Expansion, Mexican Microfinance Bank Compartamos Banco Directs Shares to Holding Company

Mexican microfinance bank Compartamos Banco recently announced that it plans to transfer its shares into the newly created holding company Compartamos SAB through an exchange offer. Continue Reading »

Share
Monday, November 22, 2010

MICROCAPITAL BRIEF: Haitian Microfinance Industry Still Struggling in Wake of Earthquake, Increased Regulation on the Horizon

Ten months after the major earthquake that rattled Haiti in January 2010, microfinance institutions (MFIs) and banks still struggle to regain clients, manage late payments and deal with increasing loan defaults. New industry regulation is also expected after requests to the government from MFIs and banks that are concerned that their clients’ money is not well-protected in case of financial institution default. Continue Reading »

Share
Monday, November 22, 2010

MICROCAPITAL BRIEF: Munich Re Foundation, International Labour Organization (ILO) Announce Microinsurance Has Potential to Reach 3 Billion People

Munich Re Foundation, a nonprofit founded by German reinsurer Munich Re, and the International Labour Organization (ILO), an arm of the United Nations promoting fair work conditions, announced in advance of a microinsurance conference in Manila, Philippines, that unnamed studies indicate microinsurance has the potential to reach three billion people. Continue Reading »

Share
Friday, November 19, 2010

MICROFINANCE EVENT: Hanson Wade to Host Second Annual Microinsurance Summit Latin America in Miami, Florida, March 28-31, 2011

Event Name: Second Annual Microinsurance Summit Latin America

Event Date: March 28 – March 31, 2011

Event Location: Miami, Florida, USA Continue Reading »

Share
Wednesday, November 17, 2010

MICROCAPITAL BRIEF: Water.org, MasterCard Foundation Launch $3.6m Partnership to Boost WaterCredit Program That Uses Microfinance to Increase Access to Clean Water in Africa

Water.org, a nonprofit organization promoting access to clean water in Africa, and MasterCard Foundation, a Toronto-based foundation promoting microfinance and youth education, have launched a four-year, USD 3.6 million partnership to assist microfinance initiatives that relate to clean water in Sub-Saharan Africa. Continue Reading »

Share
Wednesday, November 17, 2010

MICROCAPITAL BRIEF: Microfinance Investment Manager BlueOrchard Invests $5.5m in Fondo de Desarrollo Local (FDL) of Nicaragua, First Allied Savings and Loans Limited (FASL) of Ghana and AB Microfinance Bank of Nigeria

BlueOrchard Finance SA, a subsidiary of Switzerland-based commercial microfinance intermediary BlueOrchard, reported to MicroCapital the details of three debt investments made to microfinance institution (MFI) Nitlapan’s Credit Program Fondo de Desarrollo Local (FDL) of Nicaragua (MFI), First Allied Savings and Loans Limited (FASL), an MFI in Ghana, and the commercial AB Microfinance Bank of Nigeria. Continue Reading »

Share
Monday, November 15, 2010

MICROCAPITAL BRIEF: Grameen Crédit Agricole, Grameen-Jameel Pan-Arab Microfinance Guarantee $6m National Société Générale Bank Loan to The Lead Foundation Egypt

Grameen Crédit Agricole Microfinance Foundation, a wholesale lender and loan guarantor to microfinance institutions (MFIs), and Grameen-Jameel Pan-Arab Microfinance Limited, an MFI funder, have co-guaranteed an EGP 33 million (USD 5.74 million) three-year loan from the National Société Générale Bank Egypt to The Lead Foundation (Lead), an Egyptian microfinance NGO. Continue Reading »

Share
Monday, November 15, 2010

MICROCAPITAL BRIEF: Z Zurich Foundation Contributes $3m to International Labour Organization’s (ILO) Microinsurance Innovation Facility (MIF), Call for Proposals is Open

Z Zurich Foundation, the charitable microinsurance arm of Zurich Financial Services, has contributed CHF 3 million (USD 3.08 million) to the Microinsurance Innovation Facility (MIF), an outfit within the International Labour Organization’s (ILO) Social Finance Programme, to promote research on using technology and process innovations to protect low-income households. Continue Reading »

Share
Monday, November 15, 2010

MICROCAPITAL BRIEF: Standard Chartered Kenya Loans Small and Micro Enterprise Programme (SMEP) $3.75m to Assist Microfinance Clients

Standard Chartered Kenya, a branch of the London-based international bank Standard Chartered, loaned KES 300 million (USD 3.75 million) to Small and Micro Enterprise Programme (SMEP), a microfinance institution (MFI) in Kenya, with the goal being to benefit over 20,000 microfinance borrowers. Continue Reading »

Share
Friday, November 12, 2010

MICROFINANCE EVENT: USAID-Tijara to Hold Inclusive Financial Services Stakeholders’ Conference 2010 in Erbil, Iraq, November 28-30, 2010

Event Name: Inclusive Financial Services Stakeholders’ Conference 2010. “Putting the Poor First: Improving the Regulatory Environment, Industry Infrastructure, and Institutional Performance for Greater Impact”

Event Date: November 28-30, 2010

Event Location: Erbil, Iraq Continue Reading »

Share
Thursday, November 11, 2010

MICROCAPITAL BRIEF: Anglican Diocese of Enugu, Nigeria, to Launch Microfinance Bank

Emmanuel Chukwuma, the Anglican bishop of the diocese in Enugu, Nigeria, announced that the diocese will establish a microfinance bank that will employ 80 people and assist community residents who are already engaged in microenterprises. Continue Reading »

Share
Wednesday, November 10, 2010

MICROCAPITAL BRIEF: SIMS Nigeria Limited, Two Individuals Charged With Defrauding Microfinance Bank Out of $20k

Two Nigerian businessmen, Onochie Nduka and Christopher Eyisi, and SIMS Nigeria Limited, a company that sells power generators, were charged with forgery, obtaining money under a false pretence and stealing NGN 3 million (USD 20,000) from an unnamed microfinance bank. Continue Reading »

Share
Wednesday, November 10, 2010

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) of the United Kingdom Loans $50m to Russian Automotive Leasing Company Europlan to Meet Demand From Small and Medium-Sized Enterprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), an investment bank headquartered in the United Kingdom, will loan up to RUB 1.5 billion (USD 50 million) to Europlan, a Russian automotive leasing company, to meet rising demand for leases from small and medium-sized enterprises (SMEs) in Russia. Continue Reading »

Share
Wednesday, November 10, 2010

MICROCAPITAL BRIEF: Indian Mobile Commerce Provider Comviva, Bangladeshi Cellular Service Provider Bangalink Partner to Launch mWallet Service for Microfinance and Other Customers in Emerging Markets

Comviva, a mobile commerce provider based in India, and Bangalink, a cellular service provider based in Bangladesh, have partnered to offer unbanked citizens of Bangladesh an “mWallet” service for managing their finances using mobile phones. Continue Reading »

Share
Tuesday, November 9, 2010

MICROCAPITAL BRIEF: Microfinance Bank Compartamos Banco, Researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University to Study How Customers Use Microfinance Products

Compartamos Banco, a microfinance bank based in Mexico, and researchers Dean Karlan of Yale University and Jonathan Zinman of Dartmouth University have announced that they will conduct a four-year study to determine how microfinance bank customers use financial products and to quantify the impact these products have on customers’ lives. Continue Reading »

Share
Tuesday, November 9, 2010

MICROCAPITAL BRIEF: Payment Strike Hits India’s Andhra Pradesh State As Local Governments Urge Microfinance Borrowers Not to Repay

In India’s Andhra Pradesh state, local government officials are reportedly telling microfinance borrowers to stop repaying lenders even if they have the money to do so. The state government there has begun to increase restrictions on interest rates and arrest thuggish lending agents for fear that high rates and harassment from lenders has contributed to an overwhelming debt burden on microborrowers and suicides in the region. Continue Reading »

Share
Monday, November 8, 2010

MICROCAPITAL BRIEF: Social Investment Company responsAbility Invests $4.3m in Microfinance Institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa and Fair Trade Group Asociación de Comités de Productores Agropecuarios (ACOPAGRO), All of Peru

responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it made three debt investments totaling USD 4.3 million in microfinance institutions (MFIs) Caja Municipal de Ahorro y Crédito (CMAC) Ica, Proempresa, and Asociación de Comités de Productores Agropecuarios (ACOPAGRO), all of Peru. Continue Reading »

Share