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Monday, December 26, 2011
“AMT Directory of Microfinance Investors,” published by the African Microfinance Transparency Forum (AMT), November 2011, available for a fee through info@amt-forum.org, preview available at: http://www.amt-forum.org/fileadmin/media_amt/publications/AMT_Directory_…
Luxembourg-based nonprofit African Microfinance Transparency Forum (AMT) recently published the third edition of its directory of microfinance investors, which is updated every two years to facilitate relationships between African microfinance institutions (MFIs) and investors active in Africa. Continue Reading »
Tuesday, December 20, 2011
The National Association of Microfinance Banks, Lagos State Chapter (NAMBLAG) of Nigeria has signed a memorandum of understanding with Fortis Mobile Money, a mobile money operator licensed by the Central Bank of Nigeria, to enable NAMBLAG’s 180 microfinance bank (MfB) members to offer mobile banking services to their customers. Continue Reading »
Tuesday, December 20, 2011
The Nigeria Deposit Insurance Corporation (NDIC) reportedly has announced that it will give Nigerian microfinance banks (MFBs) the option to execute mergers and acquisitions to minimize the liquidations among MfBs and to create strong players in the industry. Continue Reading »
Tuesday, December 20, 2011
FinMark Trust, a nonprofit trust based in South Africa, has released the 2011 results of its annual FinScope South Africa survey, which indicates that 73 percent of adults use financial products and services, a drop from the 2010 level of 77 percent. Continue Reading »
Tuesday, December 13, 2011
To complement its microfinance activities, Ghanaian microfinance institution (MFI) Sinapi Aba Trust (SAT) has set up a program to provide youth between the ages of 16 and 23 with vocational skills. Continue Reading »
Friday, December 9, 2011
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria. Continue Reading »
Thursday, December 8, 2011
During the year ending June 2011, deposits and loans held by savings and credit cooperatives (SACCOs) in Rwanda reportedly increased from USD 35 million to USD 60 million and USD 51 million to USD 54 million respectively. Continue Reading »
Friday, December 2, 2011
Absolute Portfolio Management GmbH, an Austrian investment company, has reported that the Dual Return Fund – Vision Microfinance, a sub-fund of Absolute’s Vision Microfinance, loaned the equivalent of USD 2 million to KazMicroFinance of Khazakstan and the equivalent of USD 4.2 million to unnamed microfinance institutions (MFIs) in Kyrgyzstan, Ecuador, Uruguay and Benin. Continue Reading »
Thursday, December 1, 2011
Netherlands-based investment fund Goodwell West Africa has agreed to raise its equity share in Nwabiagya Community Bank of Ghana from 14.03 percent to 18.9 percent with a USD 1 million investment. Continue Reading »
Wednesday, November 30, 2011
Ugafode Microfinance, a Ugandan microfinance institution (MFI), reportedly has received a license from the Bank of Uganda to act as a Microfinance Deposit-Taking Institution (MDI). Continue Reading »
Tuesday, November 29, 2011
Visa Incorporated (Visa), a US-based payments technology company, has recently announced that it is offering under-banked consumers in developing countries prepaid, globally interoperable electronic payment accounts. Continue Reading »
Tuesday, November 29, 2011
By Jessica Schicks and Richard Rosenberg, published by CGAP (Consultative Group to Assist the Poor), September 2011, 44 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.55377/ Continue Reading »
Thursday, November 24, 2011
The Center for Financial Inclusion (CFI), an affiliate of US-based nonprofit ACCION International, recently released a report on “Over-Indebtedness of Microborrowers in Ghana,” which explores the gap between providers’ and clients’ perceptions of indebtedness [1]. Continue Reading »
Tuesday, November 22, 2011
MicroFinance Transparency (MFTransparency), an NGO based in the United States that publishes information on microcredit products and pricing, has reported to MicroCapital that Wasasa Microfinance, Poverty Eradication and Community Empowerment (PEACE), Metemamen, Harbu and Digaf Microfinance submitted microloan pricing data to MFTransparency as part of its “Transparent Pricing Initiative in Ethiopia”. Continue Reading »
Tuesday, November 22, 2011
By Bertrand Moulin, published by the Centre for European Research in Microfinance (CERMi), August 2011, 20 pages, available at: http://mpra.ub.uni-muenchen.de/32967/ Continue Reading »
Tuesday, November 22, 2011
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it provided Tahiry Ifamonjena Amin’ny Vola (TIAVO), a microfinance institution (MFI) based in Madagascar, with a 50-percent guarantee on a loan from BNI Madagascar, a subsidiary of French retail bank Credit Agricole. Continue Reading »
Monday, November 21, 2011
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it made loans to four microfinance institutions (MFIs): Hekima of the Democratic Republic of the Congo, Finance for Development LLC (FinDev) of Azerbaijan, and Chamroeun and Thaneakea Phum (Cambodia) Limited (TPC) of Cambodia. Continue Reading »
Thursday, November 17, 2011
Triple Jump, a Dutch microfinance investment manager and advisor, has made equity investments on behalf of ASN-Novib Microkreditfonds, a Dutch microfinance investment vehicle, in unnamed microfinance institutions (MFIs) based in Tanzania, Zambia and Panama. Continue Reading »
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