The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed an agreement with ACCION International, a US-based nonprofit organization, to invest USD 1 million in ACCION’s Chinese affiliate, ACCION Microfinance China (AMC). Continue Reading »
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MICROCAPITAL BRIEF: The International Finance Corporation (IFC) to Invest $1m in Equity in ACCION Microfinance China
MICROCAPITAL BRIEF: HDFC Bank, Vodafone Launch Mobile Banking Service in India
Indian financial institution HDFC Bank and telecom service provider Vodafone India, a subsidiary of the UK-based Vodafone Group, have launched the “HDFC Bank MobileBank Account with Vodafone m-paisa”, a service allowing customers to perform banking transactions using mobile phones. Continue Reading »
MICROCAPITAL BRIEF: Government of Andhra Pradesh, India, Introduces Interest-Free Loans for Women in Self-Help Groups (SHGs)
On January 1, the government of the Indian state of Andhra Pradesh will introduce Vaddi Leni Runnam, a scheme that will provide women in self-help groups (SHGs) interest-free loans of up to INR 500,000 (USD 9,500) [1,2]. Continue Reading »
MICROCAPITAL BRIEF: Vision’s Dual Return Fund Loans $6.2m to Microfinance Institutions in Latin America, Africa, Central Asia
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 »
MICROCAPITAL BRIEF: Incofin Invests $3m in Equity in Arman Financial Services Limited of India
Arman Financial Services Limited (Arman), a non-bank finance company based in India, has announced that its board has approved a proposed equity investment from Belgian company Incofin Investment Management (Incofin). Continue Reading »
MICROFINANCE PAPER WRAP-UP: “Too Much Microcredit? A Survey of the Evidence on Over-Indebtedness;” by Jessica Schicks, Richard Rosenberg; Published by CGAP (Consultative Group to Assist the Poor)
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 »
MICROFINANCE EVENT: Skoch Group’s Financial Inclusion Awards 2012, New Delhi, India, January 5, 2012
Event Name: Financial Inclusion Awards 2012
Event Date: January 5, 2012
Event Location: New Delhi, India Continue Reading »
MICROFINANCE EVENT: Mobile Money APAC (Asia Pacific) Conference and Expo, Singapore, January 30 – February 2, 2012
Event Name: Mobile Money APAC (Asia Pacific) Conference and Expo
Event Date: January 30 – February 2, 2012
Event Location: Singapore Continue Reading »
MICROCAPITAL BRIEF: Bank Loans to Indian Microfinance Institutions Slow Down in First Half of Fiscal Year
According to data released by the Reserve Bank of India, bank loans to Indian microfinance institutions (MFIs) and self-help groups (SHGs) dropped during the first half of the fiscal year to INR 22,480 crore (USD 4.35 billion). Continue Reading »
MICROFINANCE EVENT: Citi-FT Financial Education Summit 2011, Jakarta, Indonesia, November 28 – 29, 2011
Event Name: Citi-FT Financial Education Summit 2011: Empowering the Disadvantaged: Inclusive and Innovative Approaches to Financial Capability
Event Date: November 28 – November 29, 2011
Event Location: Hotel Mulia, Jakarta, Indonesia Continue Reading »
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia
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 »
MICROCAPITAL BRIEF: Reserve Bank of India Relaxes Money Transfer Caps, Allows Non-Account Holders to Send Money Via Banks
The Reserve Bank of India has relaxed several guidelines on domestic money transfers. Continue Reading »
MICROCAPITAL BRIEF: Bangladeshi Government Provides Interest-Free Microfinance Loans to Livestock Farmers
The Bangladeshi government has launched a service providing interest-free loans to benefit livestock and fishery farmers in the country. Continue Reading »
MICROCAPITAL BRIEF: Reserve Bank of India Recommends Against State Government Regulation of Microfinance
The Reserve Bank of India (RBI), India’s central banking authority, recently released a report titled, “Trend and Progress of Banking in India 2010-11,” expressing concern over state governments enacting local legislation to regulate microfinance institutions (MFIs). Continue Reading »
MICROCAPITAL BRIEF: Sustainable Enterprise Fund, Oikocredit, Grace Foundation Invest in Barefoot Power to Support Renewable Energy in Remote Indian Communities
The Sustainable Enterprise Fund, an Austrian impact venture fund managed by Ennovent, along with Oikocredit, a Dutch cooperative investment fund, and Grace Foundation, a Christian organization in Australia that invests in social enterprise-based solutions to poverty, have made an investment in Barefoot Power, an Australian for-profit enterprise that manufactures and sells lighting products, solar phone chargers and business development services for low-income populations. Continue Reading »
MICROCAPITAL BRIEF: Myanmar (Burma) to Spend $333k to Establish Microfinance Programs in Rural Townships
The Myanmar government is setting up microcredit schemes in the townships of Pale, Yinmabin, Salingyi and Kani with the aim of providing capital to rural people. Continue Reading »
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO). Continue Reading »
MICROCAPITAL BRIEF: Shares of India’s SKS Microfinance Fall 10% Following Announcement of $78m Loss During Quarter Ending September 2011
SKS Microfinance, an India-based microfinance institution, has reported a loss of INR 3.8 billion (USD 78.4 million) for the quarter ending September 30, 2011 [1]. Continue Reading »












