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Monday, November 19, 2012

SPECIAL REPORT: Panel: Seeking Diversification, Microfinance Investors Often Reap Annual Returns of 4%

On Friday, November 16 at European Microfinance Week, a conference hosted by the Luxembourg-based European Microfinance Platform (e-MFP), Sebastian von Stauffenberg, the CEO of US-based microfinance rating agency MicroRate, said of the larger investment community, “People outside of our microfinance bubble speak another language – if we don’t speak their language, the whole trickle-down effect [of increased investment in microfinance] does not occur.” Mr von Stauffenberg was speaking as part of a panel on microfinance investment that also included Sebastien Juhen of Swiss microfinance investor BlueOrchard Finance, who said that microfinance investment vehicles (MIVs) should work to improve their communication to investors regarding the risks of investing in microfinance including how investment managers address these risks. Continue Reading »

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Friday, September 21, 2012

MICROCAPITAL MONITOR: September Issue of Microfinance Newspaper Published

Do you know that MicroCapital publishes a monthly newspaper on microfinance? The September MicroCapital Monitor has a dozen pages of news, events and research summaries as well as a report on microfinance networks from development finance expert Barbara Magnoni of EA Consultants. There is no fee to receive the free, abbreviated edition of the Monitor, and we would love to send you a complimentary sample of the paid edition. Just drop us an email or call us at +1 617 648 0043.

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Monday, April 30, 2012

MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Access Africa Fund with “Microfinance Label”

Access Africa Fund, a for-profit limited liability company, has become the first US-based microfinance investment vehicle (MIV) to obtain the “Microfinance Label” from the Luxembourg Fund Labeling Agency (LuxFLAG), an MIV certification organization. Continue Reading »

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Sunday, September 25, 2011

MICROCAPITAL BRIEF: IFMR Capital Securitizes $15m in Microloans Originated by Indian Microfinance Institutions (MFIs) Asirvad, Disha, Grameen Koota, Mimoza, Satin Creditcare, Suryoday, SV Creditline, Utkarsh

IFMR Capital, a private India-based company that aims to provide liquidity and debt capital to financial institutions that serve poor people, recently securitized a “multi-originator” portfolio of 49,881 loans with a total value of INR 511 million (USD 10.5 million). Continue Reading »

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Wednesday, September 21, 2011

MICROCAPITAL BRIEF: Money Manager Christofferson, Robb and Company to Establish $400m Fund to Facilitate Commercial Investment in Small and Medium-Sized Enterprises (SMEs); International Finance Corporation (IFC) Commits $100m

Christofferson, Robb and Company (CRC), a private UK- and US-based money manager, is working to raise USD 400 million for a new “capital release fund” that will allow banks and financial institutions in developed countries to reduce the amount of capital that must be set aside against losses from their loans to small and medium-sized enterprises (SMEs) in developing countries. Continue Reading »

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Tuesday, September 13, 2011

MICROCAPITAL BRIEF: Tuninvest-Africinvest Announces Close of Maghreb Private Equity Fund III, Investing in Small and Medium-Sized Enterprises (SMEs) in Tunisia, Morocco, Algeria, Libya, Egypt

The Tuninvest-Africinvest Group, a Tunisia-based private equity company that invests in small and medium-sized enterprises (SMEs), recently announced the closing of its Maghreb Private Equity Fund III (MPEF III) with approximately EUR 96 million (USD 134 million) in capital commitments. Continue Reading »

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Friday, August 19, 2011

MICROFINANCE PAPER WRAP-UP: Discovering Limits: Global Microfinance Valuation Survey 2011; By Frederic de Mariz, Xavier Reille, Daniel Rozas; Published by JP Morgan, CGAP (Consultative Group to Assist the Poor)

By Frederic de Mariz, Xavier Reille and Daniel Rozas; published by JP Morgan and CGAP (Consultative Group to Assist the Poor); July 2011; 29 pages; available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.52137 Continue Reading »

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Sunday, July 24, 2011

MICROFINANCE PAPER WRAP-UP: Foreign Capital Investment in Microfinance: Reassessing Financial and Social Returns; By Xavier Reille, Sarah Forster and Daniel Rozas; Published by CGAP (Consultative Group to Assist the Poor)

By Xavier Reille, Sarah Forster and Daniel Rozas; published by CGAP (Consultative Group to Assist the Poor); 2011; 16 pages; available at http://www.cgap.org/gm/document-1.9.50967/FN71.pdf Continue Reading »

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Thursday, June 30, 2011

MICROCAPITAL BRIEF: ImpactAssets Includes 22 Microfinance-Focused Fund Managers in List of Top 50 Impact Investors

ImpactAssets, a US-based nonprofit company specializing in impact investment, recently released its “2011 ImpactAssets 50,” a list of investment fund managers that “achieve financial performance with positive social and environmental impacts,” including 22 microfinance-focused funds. Continue Reading »

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Monday, June 6, 2011

MICROCAPITAL BRIEF: Panel Discusses Balancing Profit, Mission, Impact at Microfinance USA Conference 2011, Presented by Opportunity Fund, ACCION, Kiva, in New York City, May 23 – 24

Opportunity Fund, a nonprofit organization based in the US state of California that offers microloans and microsavings primarily to people in the San Francisco Bay area; ACCION International, a microfinance organization that provides lending and financial education to small businesses in twenty-three countries; and Kiva, a US-based online portal that allows individuals to make loans to microfinance institutions (MFIs) for on-lending to poor people in sixty countries, hosted the Microfinance USA Conference 2011 on May 23 and May 24 in New York City. Continue Reading »

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Thursday, June 2, 2011

MICROCAPITAL BRIEF: PROPARCO, Storebrand Invest $15m in Incofin’s Microfinance Investment Vehicle Rural Impulse Fund II

Incofin Investment Management, a Belgian fund manager that invests in microfinance institutions (MFIs), has raised EUR 11 million (USD 15.8 million) for Rural Impulse Fund II, which invests in MFIs in developing countries that have at least 30 percent of their operations in rural areas. Continue Reading »

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Monday, May 23, 2011

MICROCAPITAL BRIEF: To Counter Liquidity Crunch in India, Grameen Koota, Bandhan, SKS Securitize Loans Disbursed to Women

Microfinance institutions (MFIs) in India are reportedly securitizing more of the loans they disburse to women in order to raise capital they would likely have borrowed from banks before the liquidity crunch that has affected the microfinance sector since late 2010. Continue Reading »

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Tuesday, May 10, 2011

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Microfinance Blog Discusses Role of Mobile Phones in Integrating Savings, Payments, Budgeting Services

The CGAP Microfinance Blog, which is operated by US-based think tank CGAP (Consultative Group to Assist the Poor), recently posted an article by Ignacio Mas of the US-based Bill & Melinda Gates Foundation that examines the role that mobile phones can play in facilitating broader financial inclusion by delivering savings, payment and budgeting services. Continue Reading »

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Thursday, May 5, 2011

MICROCAPITAL BRIEF: 17 Websites Now Allow Individuals to Commit as Little as USD 20 as Microfinance Loans

There are now at least 17 websites offering the opportunity for individuals to direct as little as USD 20 to microborrowers in both rich and poor countries, including: Babyloan, Good Return, Kiva, MicroPlace, MyElen.com, MYC4, Veecus, Xetic.org, 51Give, Rang De, Wokai, DhanaX,  p2p Microfinance, Zidisha, Inuka, Acceder and OptInNow. Most of these websites post information on potential borrowers that can be viewed by lenders, but most channel funds to microlenders that may use the money to lend to any of their clients. In most cases, these investments do not yield any returns to investors. Others such as MicroPlace, MYC4, MyElen.com, p2p Microfinance, DhanaX and Zidisha pay an interest to their investors. Still others do not allow the “lender” to withdraw funds at any time, instead using the donation to capitalize lending pools. Continue Reading »

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Thursday, May 5, 2011

MICROCAPITAL BRIEF: Could Guarantees from Wealthy Individuals Get Microfinance Institutions (MFIs) Through Rough Patch?

Good Magazine, a US-based media platform that reports on social causes, recently argued that guarantees offered by wealthy individuals to microlenders could assist microfinance institutions (MFIs) in accessing funding during a difficult time for the industry, following claims of “loansharking” by some Indian microlenders. Continue Reading »

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Tuesday, April 12, 2011

MICROCAPITAL BRIEF: Representatives of Cambridge, Care, Center for Global Development, SKS Microfinance Discuss “Does Microfinance Help People Escape Poverty?”

Associate director Ms Madeleine Bunting of British newspaper The Guardian recently facilitated a discussion to address the question of whether microfinance helps reduce poverty with Mr Ha-Joon Chang, Cambridge University economist; Mr Ajaz Khan, microfinance advisor for Swiss nonprofit organization Care International; Mr David Roodman, senior fellow at US-based, nonprofit think tank Center for Global Development; and Mr Vikram Akula, chairperson and founder of Indian microfinance institution (MFI) SKS Microfinance [1]. Continue Reading »

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Tuesday, March 15, 2011

MICROCAPITAL BRIEF: Government of Tanzania Announces Microfinance Fund for Affordable Housing

In its effort to address a housing shortage in the country, the government of Tanzania recently announced a plan to launch a housing microfinance fund to provide affordable housing options to low-income individuals. The fund, the size of which has not been disclosed, aims to reduce the number of slums and address the shortage of housing capacity in the Tanzanian cities of Dar es Salaam, Arusha and Mwanza. Continue Reading »

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Wednesday, March 9, 2011

MICROFINANCE PAPER WRAP-UP: Exploring Linkages: Women’s Empowerment, Microfinance and Health Education; By Lora du Moulin, Jean Pouit, Leyla Sharafi, Aminata Toure, Kai Lashley, Barbara Ryan, Gayle Nelson and Divya Alexander; Published by United Nations Population Fund (UNFPA)

By Lora du Moulin, Jean Pouit, Leyla Sharafi, Aminata Toure, Kai Lashley, Barbara Ryan, Gayle Nelson and Divya Alexander; published by the United Nations Population Fund (UNFPA); design and analysis of study by Research and Applications for Alternative Financing for Development (RAFAD); 2011; 15 pages; available at http://www.unfpa.org/public/home/publications/pid/7262 Continue Reading »

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