The International Finance Corporation (IFC), a member of the World Bank Group, recently lent USD 7 million to Opportunity Bank Serbia (OBS) for on-lending to farmers as well as micro- and small enterprises with the intent of helping
The UK-based European Bank for Reconstruction and Development (EBRD), the EU and the European Investment Advisory Hub recently created a program to provide
A group of 75 women recently completed nine-month microfinance apprenticeships in the Afghan provinces of Balkh, Herat and Kabul. Eleven of these have been offered paid positions within the microfinance institutions (MFIs) at which they trained, Afghan Rural Finance Company, the First Microfinance Bank of Afghanistan, the Foundation for International Community Assistance (FINCA) Afghanistan and Oxus Afghanistan. Three additional MFIs, Mutahid, Exchangerzone and Hand in Hand, have agreed to host women apprentices in the future.
The program was funded by
Event Name: 14th Annual Global Microfinance Forum
Event Date: March 15 – March 16, 2018
Event Location: Munich, Germany
Summary of Event: This conference will include sessions on microleasing, “green” microcredit, managing foreign exchange risk, crowdfunding, serving small and medium-sized enterprises (SMEs), technology, leveraging guarantees
The National Bank for Foreign Economic Activity of Uzbekistan (NBU) recently opened credit lines totaling USD 100 million with the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution. USD 70 million of the total is earmarked to on-lend to micro-, small and medium-sized enterprises, with the remainder allocated to
Event Name: Second European Microfinance Summit – Future Challenges for Sustainable Development
Event Date: January 25-26, 2018
Event Location: Vienna, Austria
Summary of Event: This event will compare and contrast microfinance in Eastern and Western Europe, focusing the inclusion of people in very rural areas, environmental impacts, technology and
MicroCapital: Do you find that microfinance institutions (MFIs) tend to underinvest in human resources (HR)?
Rüdiger Meister: Definitely! Despite the efforts of many consultants in this field, the crucial role of HR management remains under-estimated. Technical assistance interventions, which often accompany investments into MFIs, tend to focus on discrete areas rather than following a holistic and structured approach to capacity building.
There is also a problem of short-term versus long-term thinking. In the short term, the MFI will function even if there are weaknesses in HR management. But in the long term, the MFI will have to pay for mistakes in areas such as
The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution created following the Cold War, recently loaned EUR 2 million (USD 2.3 million) to Kreditimi Rural i Kosoves (KRK), a microfinance institution primarily serving the agriculture sector and low-income individuals in Kosovo. As part of EBRD’s Green Economy Transition (GET) policy, the loan will support
Via two investment vehicles it manages, Switzerland’s responsAbility Investments AG recently purchased
The Green for Growth Fund (GGF), which was founded by Germany’s Kreditanstalt für Wiederaufbau (KfW) and the EU’s European Investment Bank (EIB), recently disbursed EUR 5 million (USD 5.9 million) to Halkbank AD Belgrade, a subsidiary of Turkey’s government-controlled Halk Bank Incorporated. The loan is slated to back mortgages on homes that consume
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, is providing
C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance funds lent a total approximately equivalent to USD 31 million to unidentified microfinance institutions (MFIs) in five Asian countries, Bangladesh, Cambodia, India, Kyrgyzstan and Pakistan, as well as three Latin American countries, Ecuador, Mexico and
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, is considering
Intesa Sanpaolo Bank Albania, a subsidiary of Italy-based Intesa Sanpaolo, recently partnered with the Albania Agribusiness Support Facility (AASF), a funding vehicle established by
ResponsAbility Investments, a Swiss for-profit investor in developing countries, recently informed MicroCapital that it has disbursed a five-year loan of
Event Name: Seventh Global Islamic Microfinance Forum: “Evidence of Impact – Financial Inclusion”
Event Dates: Conference: November 24 – November 25, 2017; Post-conference workshop: November 27 – November 28, 2017
Event Location: Istanbul Lütfi K?rdar International Convention and Exhibition Center; Istanbul, Turkey
Summary of Event: The primary objective of this event is to “create awareness of Islamic microfinance for the benefit of humankind.” Islamic microfinance consists of services conducted according to Shariah law, which includes a prohibition on charging interest in favor of concepts such as the sharing of profit and loss. The event will feature approximately 40 speakers from 30 countries covering topics including: the potential of Islamic microfinance; funding challenges faced by Islamic microfinance institutions (MFIs); the “Qarz-e-Hasan” model of Islamic microfinance; and “Micro Takaful, Waqf and Zakat – Supportive elements for Islamic microfinance.” AlHuda will also host a two day post-conference workshop called “Islamic Agriculture and Rural Finance.”
Event Name: Alternative Finance Forum
Event Location: Copernicus Conference Centre; Warsaw, Poland
Summary of Event: This forum aims to “introduce new forms of financial services” while covering topics including equity-based crowdfunding, social impact bonds, online lenders to small businesses and peer-to-peer lending platforms. The event has support from the European Union and its European Investment Bank Institute.
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it has provided a loan