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Thursday, February 11, 2010

MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation Awards $6m Grant to Ecobank to Promote Low-Cost Savings Accounts in Ghana and Liberia

The Bill & Melinda Gates Foundation has provided a USD 6 million grant to Ecobank Transnational Incorporated (ETI), a pan-African bank with a network of over 500 branches in 27 countries. Continue Reading »



Tuesday, February 9, 2010

MICROCAPITAL BRIEF: Financiera Independencia, a Mexican Microfinance Institution, Completes $65m Offering to Fund Acquisitions of Financiera Finsol and Finsol Brazil

Financiera Independencia, a Mexican microfinance institution, recently concluded an 85 million share capital increase. Continue Reading »



Monday, February 8, 2010

PAPER WRAP-UP: Problems of Correlation in Financial Risk Management – the Contribution of Microfinance by Karel Janda and Barbora Svarovska

Written by Karel Janda and Barbora Svarovska of Charles University in Prague, MPRA Paper Number 19486, December 2009, published by the Munich Personal RePEc Archive (MPRA), available here: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.41395 Continue Reading »



Friday, February 5, 2010

MICROCAPITAL BRIEF: MicroVest Capital Management Announces Close of $60m Microvest II, a Microfinance Equity Fund

MicroVest Capital Management recently announced the closing of MicroVest II with USD 60 million in commitments. Continue Reading »



Tuesday, February 2, 2010

MICROCAPITAL BRIEF: CDC Group Invests $10m in ShoreCap’s SCII Microfinance Fund for Africa and Asia

The CDC Group, a UK development finance institution, has committed USD 10 million to Shorecap International’s ShoreCap II (SCII) fund, which will invest in microfinance institutions in low-income African and Asian countries. Continue Reading »



Monday, January 25, 2010

MICROCAPITAL BRIEF: Catamaran Venture Capital Fund to Invest in SKS Microfinance Ltd, an Indian Microfinance Institution Expected to Soon Launch an Initial Public Offering (IPO)

N R Narayana Murthy, founder and former CEO of Infosys, a global consulting and information technology services company based in India, will reportedly invest in SKS Microfinance Ltd, an Indian microfinance institution (MFI) expected to soon float an initial public offering (IPO). Continue Reading »



Wednesday, January 20, 2010

MICROCAPITAL BRIEF: IFMR Capital Structures $6.5m Securitization of Microloans Originated by Four Microfinance Institutions in India

IFMR Capital recently completed a multi-originator securitization of micro-loans originated by Asirvad Microfinance Pvt Ltd, Sahayata Microfinance Pvt Ltd, Satin Creditcare Network Ltd and Sonata Finance Pvt Ltd. Continue Reading »



Monday, January 18, 2010

MICROCAPITAL BRIEF: ICICI Prudential Asset Management Invests $900k in $10m Securitized Offering by Chennai-based Equitas Microfinance

ICICI Prudential Asset Management, an Indian fund manager, has invested in a securitized offering by Equitas Microfinance, an Indian microcredit lending firm based in Chennai, India. Continue Reading »



Friday, January 15, 2010

WHO’S WHO IN MICROFINANCE: MicroEnsure

MicroEnsure was founded in 2005 as a wholly owned subsidiary of Opportunity International, a global non-profit microfinance network created in 1974. Continue Reading »



Tuesday, January 12, 2010

MICROFINANCE PAPER WRAP UP - CGAP Due Diligence Guidelines For The Review Of Microcredit Loan Portfolios, by Robert Peck Christen and Mark Flaming

Written by Robert Peck Christen and Mark Flaming of CGAP (Consultative Group to Assist the Poor), published by the World Bank Group in December 2009, 58 pages, available at: http://www.cgap.org/gm/document-1.9.36521/DueDiligence_TechGuide_ENG.pdf

The purpose of this paper is to provide a method of acquiring an understanding of the underlying quality of the loan portfolio of an microfinance institution (MFI) for banking regulators, donor agencies, and potential investors. Continue Reading »



Tuesday, January 12, 2010

MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation Grants $3m to World Vision for ‘Access to Rural Savings in Ethiopia’ Project

World Vision has received a USD 3 million grant from the Bill & Melinda Gates Foundation to help launch its Access to Rural Savings in Ethiopia project. Continue Reading »



Monday, January 4, 2010

MICROFINANCE PAPER WRAP-UP: Climate Change and Microfinance by Asif Dowla

Written by Asif Dowla, published by Grameen Foundation and Oxfam America in November 2009, 39 pages, available at: http://www.oxfamamerica.org/press/pressreleases/grameen-foundation-and-oxfam-america-release-new-report-on-climate-change-and-microfinance Continue Reading »



Thursday, December 31, 2009

MICROCAPITAL BRIEF: UnityKapital Assurance Plc of Nigeria Announces Information Technology Development, Expansion into Microinsurance

UnityKapital Assurance Plc, a Nigerian insurance company with a recorded NGN 518 million (USD 3.47 million) profit after tax in 2008, has announced the deployment of a comprehensive information technology (IT) system and an expansion into newer areas of insurance, including Islamic insurance and microinsurance. Continue Reading »



Monday, December 14, 2009

MICROCAPITAL BRIEF: Australia’s Foundation for Development Cooperation Wants Your Input on Establishing a Global Masters Degree in Microfinance

In response to an internal study showing strong demand for a world-class-quality, research-informed masters degree in microfinance, Australia’s Foundation for Development Cooperation (FDC) is seeking your input on this possibility via an online survey. While acknowledging that there are a few existing masters degrees specialising in microfinance, FDC argues for the expansion of offerings citing the ranking of “weak management quality” in the top five risks for microfinance by the “Microfinance Banana Skins” survey each of the last two years. Continue Reading »



Monday, December 14, 2009

MICROCAPITAL BRIEF: Expert Points to Need for Microinsurance in Nigeria as Insurance Penetration Rate Worsens

According to the Managing Director of Insurance Brokers of Nigeria, Mr Prosper Okpue, the insurance penetration rate of Nigeria continues to worsen. His statement comes over a year after the World Bank issued a report citing that the Nigerian insurance industry had remained stagnant for 35 years and its world market share stood at a mere 0.01 percent (compared with South Africa’s 0.83%). The former president of the Nigerian Council of Registered Insurance Brokers attributed this to the fact that, “Only companies or government ministries will pay premium for their group life insurance. What happens to the informal sector where the bulk of the population can be found carrying out legitimate economic activities?” In response to the issue, Mr Okpue proposed a microinsurance scheme that would “help the people integrate insurance into their lives.” Further details have not been released. Continue Reading »



Monday, December 14, 2009

MICROCAPITAL BRIEF: The International Labour Organization’s (ILO’s) Microinsurance Innovation Facility Opens Fourth Round of Innovation Grants

To spur the development of innovative microinsurance products, the International Labour Organization’s (ILO’s) Microinsurance Innovation Facility has opened its fourth round of grant funding. Since “insurance providers often lack the know how to reach this market and need to experiment to develop sustainable business models…[these] grants are there to support those risk takers, cover their start up costs and harness lessons learnt,” said Craig Churchill, team leader of the Microinsurance Innovation Facility. Since its founding in 2008, the Facility has provided 34 innovation grants, ranging from USD 20,000 to USD 600,000, to insurance companies, cooperatives, non-governmental organizations (NGOs) and other microinsurance providers. The deadline for the fourth round of grant proposals is March 2nd, 2010. More information can be found at www.ilo.org/microinsurance. Continue Reading »



Thursday, December 10, 2009

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Taxonomy Recognized by XRBL International

The nonprofit Microfinance Information Exchange (MIX) recently announced that its microfinance taxonomy has been officially acknowledged by XBRL International, the coordinating body for XBRL activities and standards. XBRL (eXtensible Business Reporting Language) is an open-source technology that is widely used in Europe and has been adopted by major players elsewhere, such as the US Securities and Exchange Commission, the Bank of Japan and the Shanghai Stock Exchange. MIX’s microfinance taxonomy is based on International Financial Reporting Standards (IFRS) with additional features specific to microfinance. Scott Gaul, manager of product development at MIX, argues that, “Using IFRS as the basis of the taxonomy allows for a direct link to an accounting standard in use in over 100 countries worldwide and closer alignment of microfinance with mainstream markets,” and that XBRL will “encourage richer data on microfinance, increasing transparency without increasing the reporting burden on MFIs.” Continue Reading »



Tuesday, December 8, 2009

MICROCAPITAL EVENT: MicroInsurance Summit 2010: Evaluating Stategies for Delivery, Partner-Agent Models and Scalability, February 23-25, 2010, Le Meridien Piccadilly, London

Event Name: MicroInsurance Summit 2010: Evaluating Stategies for Delivery, Partner-Agent Models and Scalability

Event Date: February 23-25, 2010

Event Location: Le Meridien Piccadilly, London

Event Website: http://www.hansonwade.com/events/microinsurance-summit-2010/index.shtml

See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events Continue Reading »