Category: Africa

MICROFINANCE PUBLICATION ROUND-UP: Financing Africa, Social Performance Indicators for Microinsurance, Segmentation of Agricultural Households

“Financing Africa Through the Crisis and Beyond;” by Thorsten Beck, Samuel Munzele Maimbo, Issa Faye and Thouraya Triki; published by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), World Bank Group, African Development Bank; 2013; 322 pages; available at: http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/Financing%20Africa%20Through%20the%20Crisis%20and%20Beyond.pdf

This book presents a review of trends in Africa’s financial sector in the context of Africa’s past economic development trends and broader historical background. Continue reading

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MICROCAPITAL BRIEF: Kenya-based Gulf African Bank, African Guarantee Fund Partner to Lend $1.2m to Small, Medium-Sized Businesses

The African Guarantee Fund (AGF), a Kenya-based organization backed by the African Development Bank (AfDB) that aims to increase financial access in Africa by underwriting commercial bank lending to small and medium-sized enterprises (SMEs), reportedly has agreed to guarantee an unspecified portion of KES 100 million (USD 1.2 million) to be loaned by Gulf African Bank (GAB), a Kenya-based bank offering Shari’ah-compliant products and services, to SMEs in Kenya. Continue reading

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MICROCAPITAL BRIEF: Star Microinsurance Company of Ghana Pays Insurance Claims to Kantamanto Fire Victims through MicroEnsure, Advans Ghana

Ghana-based Star Microinsurance Company Limited reportedly has paid some of the victims of the Kantamanto and Agbogbloshie markets fire outbreak in the Ghanian city of Accra a total insurance claim of GHS 115,000 (USD 57,629) through its partners MicroEnsure Ghana, an insurance intermediary and subsidiary of US-based nonprofit Opportunity International, and Advans Ghana Savings and Loans, a non-bank financial institution that focuses on micro enterprise. Continue reading

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MICROCAPITAL BRIEF: Making Finance Work for Africa (MFW4A) Announces the Launching of the Stakeholder Engagement Web Portal

Making Finance Work for Africa (MFW4A), a partnership based in Tunisia between 13 development institutions launched in 2007 that focuses on promoting financial sector development in all of Africa, has launched the Stakeholder Engagement Web Portal, a web-based doorway to all the organization’s stakeholder’s activities across continent. Continue reading

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MICROCAPITAL BRIEF: Agricultural Mobile Applications in Kenya Increase Market Information for Farmers

Kenyan farmers are using mobile agriculture applications to improve market information such as M-Farm, iCow, Kilimo Salama, M-Pesa and M-Shwari. These agri-technological innovations aim to offer either increased transparency or the extension of financial services to farmers. Continue reading

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MICROCAPITAL BRIEF: PKF Chartered Accountants Advises Royal Bank Zimbabwe to Downscale to Microfinance Institution

PKF Chartered Accountants, the Zimbabwean member of UK-based businesses services firm PKF International, reportedly has advised Royal Bank Zimbabwe Limited, a defunct bank, to convert its commercial banking license to a microfinance institution (MFI) license, which carries lower capital requirements set by the Reserve Bank of Zimbabwe (RBZ), the country’s central banking institution. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Disburses Tranches of $1.8m in Loans to African Microfinance Institutions GRAINE of Burkina Faso, CAURIE of Senegal

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions (MFI), recently notified MicroCapital that it disbursed the second of three tranches of a loan totaling XOF 244 million (USD 487,600) to the MFI Groupe d’Accompagnement à l’Investissement et à l’Epargne (GRAINE), which serves 40,000 women in Burkina Faso, primarily in remote areas. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Savings Groups in Rural Mali, Three Market Archetypes Advancing Financial Inclusion, Long-term Trends in India’s Rural Credit Market

“Final Impact Evaluation of the Savings for Change Program in Mali;” by Bureau of Applied Research in Anthropology at The University of Arizona and Innovations for Poverty Action (IPA); published by Oxfam America and Freedom from Hunger; April 2013; 215 pages; available at http://www.oxfamamerica.org/issues/community-finance/files/final-impact-evaluation-saving-for-change

This report presents the results from a study conducted by The University of Arizona and Innovations for Poverty (IPA) between 2009 and 2012 intended to explore the impact of savings groups in 500 villages in rural Mali, where 82 percent of surveyed households live on approximately USD 1.25 per day and the “typical village is more than 14 miles from a paved road.” Continue reading

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MICROCAPITAL BRIEF: Ghana Institute for Management and Public Administration, Venture Capital Trust Fund Establish Centre for Impact Investing

Venture Capital Trust Fund (VCTF), an initiative of the government of Ghana to provide low-cost capital to private businesses, reportedly has signed a memorandum of understanding with the government-run business school Institute for Management and Public Administration (GIMPA), establishing a Centre for Impact Investing. Continue reading

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MICROCAPITAL BRIEF: Low Repayment Rates Threaten Ghana’s Governmental Microfinance and Small Loan Centre (MASLOC)

The Microfinance and Small Loans Center (MASLOC), a Ghanaian government-funded program established in 2004 to implement microfinance programs targeted at reducing poverty and creating jobs, reportedly has indicated that low loan repayment rates are threatening to collapse the program. Continue reading

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MICROCAPITAL BRIEF: Online Fundraiser Kiva Discloses Delinquencies of Microfinance Institutions Alidé of Benin, FECECAV of Togo

Kiva, a US-based online microlending fundraiser, recently reported on delinquent payments due to Kiva by non-profit institutions L’Association de Lutte pour la promotion des Initiatives de Développement (Alidé) of Benin and Faîtière des Caisses d’Epargne et de Crédit des Associations Villageoises (FECECAV) of Togo. Continue reading

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MICROCAPITAL BRIEF: South Africa’s Small Enterprise Development Agency (SEDA) to Disburse $81m to 15,000 Small Businesses

Chief Executive Officer Thankani Makhuvha of South Africa’s Small Enterprise Development Agency (SEDA), a government-funded entity, has reportedly stated that the organization intends to disburse approximately ZAR 737 million (USD 81 million) in loans to 15,000 small businesses in South Africa during the year ending March 31, 2014. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Policy Brief: Advancing African Women’s Financial Inclusion;” published by Making Finance Work for Africa, GIZ, New Faces New Voices, East African Community, BMZ

Published by Making Finance Work for Africa (MFW4A), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), New Faces New Voices, East African Community, Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ); 2012; 40 pages; available at: http://www.gbaforwomen.org/images/library/873/Advancing-Womens-financial-inclusion-Final-English.pdf

This report presents an analysis of the potential positive impacts of advancing African women’s financial inclusion, including more inclusive and sustainable economic growth and higher levels of productive investment and asset accumulation. Continue reading

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