Category: Africa

MICROCAPITAL BRIEF: Centenary Bank, Opportunity Uganda, PostBank Partner With Uptime Solutions to Rollout Mobile Banking Vans to Rural Areas

Several financial institutions in Uganda including Centenary Bank, a Uganda-based commercial bank specializing in rural finance; Opportunity Uganda, a subsidiary of US-based nonprofit Opportunity International; and PostBank Uganda, a government-owned non-bank credit institution, reportedly have partnered with Uptime Solutions Limited, a Uganda-based for-profit company providing technology solutions for financial services and enterprise development, to deploy mobile banking vans to extend financial services to more residents, mainly in rural trading centers. Continue reading

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MICROFINANCE PUBLICATON ROUND-UP: The Business Case for Life Microinsurance in the Philippines, MIX Map of Financial Inclusion in India, 2012 Sub-Saharan Africa Snapshot

“The Business Case for Life Microinsurance in the Philippines: Initial Findings;” by Richard Koven, Michael J. McCord, John Wipf and Emily Zimmerman; published by the MicroInsurance Centre; October 2012; 9 pages; available at:
http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/890-milk-brief-14-the-business-case-for-life-microinsurance-in-the-philippines-initial-findings.html

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MICROFINANCE PAPER WRAP-UP: “How Can Microfinance Programs Help the Struggle Against Social problems Such as Begging, Child Labor, Prostitution, Violence Against Women, Criminality, Gangs, and Drug Addiction?;” by William O. Maddocks; Commissioned by the Global Microcredit Summit

By William O. Maddocks; Commissioned by the Global Microcredit Summit; 2011; 31 pages; available at: http://www.globalmicrocreditsummit2011.org/userfiles/file/Workshop%20Papers/W_%20Maddocks%20-%20How%20Can%20Microfinance%20Programs%20Help%20the%20Struggle%20Against%20Social%20Problems%20Such.pdf

This paper presents an analysis of the role of microfinance institutions in helping to solve “seemingly intractable social problems” including begging, domestic violence, HIV/AIDS and discrimination against the disabled, all while maintaining financial sustainability. Continue reading

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MICROCAPITAL BRIEF: UN’s International Fund for Agricultural Development Grants $925,000 to Agricultural Bank of Sudan Microfinance Initiative Focusing on Women

The International Fund for Agricultural Development (IFAD), a United Nations agency, has provided a grant of USD 925,000 to the Republic of Sudan to be invested in the Agricultural Bank of Sudan Microfinance Initiative (ABSUMI), a creation of the government-owned Agricultural Bank of Sudan. Continue reading

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MICROCAPITAL BRIEF: Silatech, American Refugee Committee (ARC), Kaah Express to Offer Microfinance in Somalia

Qatar-based Silatech, a social enterprise that seeks to promote youth entrepreneurship and employment in the Arab world, and the American Refugee Committee (ARC), a US-based nonprofit that provides humanitarian assistance in Haiti, Asia, the Middle East and Africa, are partnering with Kaah Express, a US-based for-profit money transfer company, to introduce a new microfinance program in Somalia.  Continue reading

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MICROCAPITAL BRIEF: Nigerian State of Borno to Pilot National Financial Inclusion Initiative Via Post Offices

The federal government of Nigeria, the Central Bank of Nigeria (CBN), the government of the Nigerian state of Borno and several other organizations reportedly have launched a financial inclusion initiative that will provide financial services to the un-banked at post offices. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Microinsurance Product Development for Microinsurance Providers;” by Michael J. McCord; published by Microfinance Centre, Microinsurance Centre, International Fund for Agricultural Development

By Michael J. McCord; published by the Microfinance Centre for Central and Eastern Europe and the New Independent States, the Microinsurance Centre and the International Fund for Agricultural Development (IFAD); 2012; 124 pages; available at: http://www.ifad.org/ruralfinance/wrmf/manual.pdf

In this manual, Mr. McCord proposes a “systematic new-product development process” for the microinsurance market. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Banking on Change Partnership for Financial Inclusion in Africa; Findings on Financial Inclusion in Nigeria; Snapshot of Microfinance in Latin America and the Caribbean

Banking on Change: Breaking the Barriers to Financial Inclusion;” published by Plan UK, Barclays and Care International UK; January 2013; 28 pages; available at: http://www.careinternational.org.uk/research-centre/microfinance/251-banking-on-change-breaking-barriers-to-financial-inclusion Continue reading

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MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN), National Association of Microfinance Banks to Establish Technical Committee to Address Implication of Microfinance Policy, Including Recapitalization of MFBs

The Central Bank of Nigeria (CBN), the country’s central bank, and the National Association of Microfinance Banks (NAMB), a trade group of 820 microfinance banks (MFBs) in Nigeria, recently agreed to establish a technical committee to address the recapitalization and other steps that some MFBs must undertake to comply with the Revised Microfinance Policy Framework that took effect January 1. Continue reading

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MICROCAPITAL BRIEF: New Urban Finance Facility for Africa Invests $100m in Housing Microfinance in Africa, Middle East

The New Urban Finance Facility for Africa (NUF), an impact investing facility that supports housing microfinance, is investing USD 100 million to fund microfinance housing schemes in Africa and the Middle East, with initial investments going to Ghana, Kenya, Tanzania, Uganda and the West Bank. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $2m to Microfinance Institution Palestine for Credit and Development

The Sanad Fund for MSME (micro-, small and medium-sized enterprises), an initiative of the German development bank Kreditanstalt fur Wiederaufbau Entwicklungsbank that invests in financial institutions in the Middle East and North Africa, recently agreed to disburse a senior loan facility of USD 2 million to Palestine for Credit and Development, a microfinance institution (MFI) based in Palestine’s West Bank that is known as Faten in Arabic. Continue reading

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