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Monday, August 15, 2011

MICROCAPITAL BRIEF: Indian Government Publishes Draft of Microfinance Institutions Bill, Would Make Reserve Bank of India (RBI) Sole Regulator, Establish Microfinance Development Council, Microfinance Development Fund

After months of deliberations and input from academics, policymakers and practitioners, the Indian government has published a draft of its “Microfinance Institutions (Development and Regulation) Bill,” as the first version of a future authoritative policy to govern the domestic microfinance sector. Continue Reading »

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Friday, August 12, 2011

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund, Africa Capitalization Fund (ACF) to Invest $10m in NBS Bank of Malawi for Lending to Small and Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced that two of the funds it manages, the IFC Capitalization Fund and the Africa Capitalization Fund, will invest a total of USD 10 million in equity in Malawian commercial bank NBS Bank (formerly the New Building Society). Continue Reading »

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Thursday, August 11, 2011

MICROCAPITAL BRIEF: responsAbility Invests $4.3m in Microfinance Institutions Mikrofin Banja Luka of Bosnia and Herzegovina; the Agency for Finance in Kosovo (AFK); Credo and Crystal, Both of Georgia

responsAbility Social Investments AG, a Swiss for-profit company that operates four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totalling USD 4.36 million in microfinance institutions (MFIs) Mikrofin Banja Luka of Bosnia and Herzegovina, the Agency for Finance in Kosovo (AFK), Credo of Georgia and Crystal, also of Georgia. Continue Reading »

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Thursday, August 11, 2011

MICROCAPITAL BRIEF: Microfinance Portfolio Risk Jumps in Tunisia, Egypt, As a Result of Political Unrest

Sanabel, a network of microfinance institutions (MFIs) in Arab countries, has reportedly released results of a survey of  MFIs in Tunisia and Egypt that indicates a significant increase in portfolio-at-risk (PAR) since political instability and social unrest recently broke out in those countries. Continue Reading »

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Tuesday, August 9, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution Bhartiya Samruddhi Finance Limited (BSFL) Raises $150m from Institutional Investors, Commercial Banks

Bhartiya Samruddhi Finance Limited (BSFL), an Indian microfinance institution (MFI) and member of the BASIX Group of companies, has reportedly raised INR 7 billion (USD 150 million) in debt and equity commitments from institutional investors and commercial banks, in what has been described as a “lifeline” by BASIX chairman Vijay Mahajan. Continue Reading »

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Monday, August 8, 2011

MICROCAPITAL BRIEF: Articles From UK’s The Guardian, Nigeria’s Business Daily Online Praise Potential of Mobile Banking, Microfinance Across Africa

According to a recent story published by The Guardian, a British newspaper, the African continent is now home to more than 500 million mobile phones and is experiencing a wave of innovation in the field of mobile banking. Continue Reading »

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Sunday, August 7, 2011

MICROCAPITAL BRIEF: Experts Weigh Risks and Benefits of Microsavings as Microfinance Menu Expands

A recent article posted on the website of The Globe and Mail, a Canadian newspaper, describes microsavings as a critical facet of microfinance and a way of offsetting “microcredit’s discredit.” Continue Reading »

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Friday, August 5, 2011

MICROCAPITAL BRIEF: Fundación BBVA Microfinanzas to Rebrand Chilean Microfinance Institution Servicios Microfinancieros Credicoop as Emprende Microfinanzas

Fundación BBVA Microfinanzas (BBVA Microfinance Foundation), a Spanish nonprofit organization that supports a network of microfinance institutions (MFIs) in Latin America, is expanding its operations in the Chilean market by rebranding MFI Servicios Microfinancieros Credicoop SA as Emprende Microfinanzas. Continue Reading »

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Wednesday, August 3, 2011

MICROCAPITAL BRIEF: International Finance Corporation (IFC), FMO of The Netherlands to Loan $30m to Costa Rica’s National Cooperative of Educators (Coopenae) for Housing Finance, Support to Small- and Medium-Sized Enterprise (SMEs)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Netherlands Development Finance Company (FMO in Dutch), a public-private partnership, will each provide local currency loans of CRC 7.8 billion (USD 15 million) to Costa Rica’s National Cooperative of Educators (Coopenae), a finance company that provides credit, savings and insurance products in the country. Continue Reading »

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Tuesday, August 2, 2011

MICROCAPITAL BRIEF: Clinton Bush Haiti Fund (CBHF) to Grant $850k to Rebuild Microfinance Institution Fonds Haïtien d’Aide à la Femme (FHAF)

The Clinton Bush Haiti Fund (CBHF), a US-based nonprofit organization, will provide a grant of USD 850,000 to Fonds Haïtien d’Aide à la Femme (FHAF), a Haitian microfinance institution (MFI), to help reinvigorate its lending operations. Continue Reading »

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Tuesday, August 2, 2011

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $14m to Banca Intesa Beograd of Serbia for On-Lending to Small and Medium-Sized Enterprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), a development finance institution based in the United Kingdom, has agreed to loan EUR 10 million (USD 14 million) to Banca Intesa Beograd, a Serbian commercial bank, to facilitate on-lending to small and medium-sized enterprises (SMEs) in the country. Continue Reading »

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Monday, August 1, 2011

MICROCAPITAL BRIEF: IFC to Invest $500m in China in Renewable Energy, To Develop Microfinance Institutions as Conduits for Rural Finance, Agribusiness

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to invest up to USD 500 million in China during the 2011-12 fiscal year, with emphases on developing agribusiness and rural finance through microfinance institutions (MFIs) and developing the country’s renewable energy industry. Continue Reading »

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Monday, August 1, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution SKS Reports Quarterly Loss, Looks to Raise $200m Through Private Placements

SKS Microfinance, a publicly-listed Indian microfinance institution (MFI), recently reported a net loss of INR 2.18 billion (USD 48.1 million) for the quarter ending June 30, compared to a net profit of INR 669 million (USD 14.3 million) in the same period last year. Continue Reading »

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Friday, July 29, 2011

MICROCAPITAL BRIEF: Survey Conducted by Yemen Microfinance Network (YMN) Indicates Microfinance Institutions Facing Operational Difficulties Because of Ongoing Political Tension

According to a survey conducted by the Yemen Microfinance Network (YMN), a member-based nonprofit organization, microfinance institutions (MFIs) in the country have been negatively affected by the ongoing political climate and are facing an uncertain future. Continue Reading »

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Thursday, July 28, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution BSFL Threatened by Deterioration in Portfolio Quality, Urgently Seeks New Funding to Stave Off Potential Collapse

Bhartiya Samruddhi Finance Limited (BSFL), an Indian microfinance institution (MFI) and member of the BASIX Group, has witnessed a sharp downturn in the quality of its loan portfolio and reportedly may not be able to continue operations without additional funding. Continue Reading »

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Wednesday, July 27, 2011

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Announces 2,000 Microfinance Institutions Now Reporting to MIX Market

The Microfinance Information Exchange (MIX), a US-based nonprofit organization that runs the MIX Market online database of microfinance institutions (MFIs), recently announced that it currently collects self-reported information from 2,000 MFIs based in 110 countries, representing 92 million borrowers. Continue Reading »

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Tuesday, July 26, 2011

MICROCAPITAL BRIEF: Wall Street Journal Article Highlights Foreign-Exchange Risks for Microfinance Institutions, Hedging Solutions Offered By The Currency Exchange Fund (TCX)

The Wall Street Journal, a US-based newspaper, recently commented on the potential of illiquid currencies and volatile monetary policy to have a negative impact on the loan portfolios of microfinance institutions (MFIs) in developing countries. Continue Reading »

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Saturday, July 23, 2011

MICROFINANCE PAPER WRAP-UP: Micro-loans, Insecticide-Treated Bednets and Malaria: Evidence from a Randomized Controlled Trial in Orissa (India); By Alessandro Tarozzi, Aprajit Mahajan, Brian Blackburn, Dan Kopf, Lakshmi Krishnan, Joanne Young; Working Paper Published by The Centre for Micro Finance, IFMR Research

By Alessandro Tarozzi, Aprajit Mahajan, Brian Blackburn, Dan Kopf, Lakshmi Krishnan, Joanne Young; published by the Center for Microfinance (CMF) at IFMR (Institute for Financial Management and Research); March 2011; 58 pages; available at http://ifmr.ac.in/cmf/publications/wp/2011/Bednets.pdf Continue Reading »

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