Category: Key Players

MICROCAPITAL BRIEF: Microinsurance Network Expects Industry to Double, Reaching 1b Customers by 2020

The Microinsurance Network, a nonprofit membership organization in Luxembourg that aims to expand access to insurance services for low-income people around the world, has stated that it expects the global microinsurance industry to double its reach by 2020 to serve 1 billion customers. Continue reading

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MICROCAPITAL BRIEF: One Woman Initiative, Opportunity International Partner to Raise $50m for Microloans to Women

The One Woman Initiative (OWI), a US-based organization that focuses on empowering women, has come under the umbrella of Opportunity International, a US-based nonprofit organization with a focus on microfinance. Continue reading

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MICROCAPITAL BRIEF: Accion’s Center for Financial Inclusion Report on “Financial Inclusion 2020”: Microfinance Must Adjust to Aging World Population

The Center for Financial Inclusion, a branch of US-based nonprofit Accion that promotes universal access to financial services, has released a report that suggests potential implications for financial inclusion as birthrates decrease and life expectancies increase in the developing world. Continue reading

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MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $2m to Microfinance Institution Palestine for Credit and Development

The Sanad Fund for MSME (micro-, small and medium-sized enterprises), an initiative of the German development bank Kreditanstalt fur Wiederaufbau Entwicklungsbank that invests in financial institutions in the Middle East and North Africa, recently agreed to disburse a senior loan facility of USD 2 million to Palestine for Credit and Development, a microfinance institution (MFI) based in Palestine’s West Bank that is known as Faten in Arabic. Continue reading

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MICROCAPITAL BRIEF: WAM-NY Offers Professional Development Scholarships for Female Microfinance Practitioners

Women Advancing Microfinance New York (WAM-NY), a chapter of WAM International, a global network that supports women in microfinance, is accepting applications through March for its 2013 scholarship program. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development, Raiffeisen Bank Aval, John Deere Partner to Provide Farming Equipment in the Ukraine

The European Bank for Reconstruction and Development (EBRD), a multilateral development finance institution headquartered in London, and Raiffeisen Bank Aval, a subsidiary of Austria’s Raiffeisen Bank International, have partnered to issue loans to Ukrainian farmers so that they can purchase farming equipment from a third partner in the project, US-based agricultural machinery provider John Deere. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Yes Bank to Create Fund for Small Businesses in India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with Yes Bank, a commercial bank headquartered in Mumbai, to establish a fund to support small businesses in northeast India. Continue reading

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MICROCAPITAL BRIEF: Suryoday Micro Finance of India Raises $3.8m from Lok Capital, Aavishkaar, HDFC

Suryoday Micro Finance Private Limited, an Indian microfinance institution (MFI), is reportedly seeking to increase its customer base by 1 million by 2014 and has raised INR 20 crores (USD 3.8 million) in capital from three of its investors: Aavishkaar Goodwell, a for-profit, Indian-Dutch joint venture; Lok Capital, a Mauritius-based microfinance investment vehicle; and the Housing Development Finance Corporation (HDFC), an India-based housing finance company. Continue reading

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MICROCAPITAL BRIEF: Arab Microfinance Network Sanabel Appoints Sahar Tieby as Executive Director

On January 30, 2013, Sanabel, an Egypt-based nonprofit network of microfinance institutions in Arab countries, announced Sahar Tieby as its new executive director, succeeding Ranya Abdel-Baki, Sanabel’s executive director since October 2009. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $5m in Local Currency to Converse Bank of Armenia to Support Micro-, Small and Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral institution based in London, England, is providing a local-currency loan equivalent to USD 5 million (approximately AMD 2 billion) to Converse Bank CJSC, a closed joint stock company in Armenia. Continue reading

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MICROCAPITAL BRIEF: EIF Joint Action to Support Microfinance Institutions (JASMINE) Offers Technical Assistance to European Microcredit Providers

The Joint Action to Support Microfinance Institutions (JASMINE) program, a joint initiative by the European Investment Fund, the European Parliament and the European Commission, has put out a call for expressions of interest to European microcredit providers wishing to benefit from its technical assistance program in 2013. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Property Microinsurance in Colombia, Portfolio Reviews for Microfinance Funders, Microfinance Rating Comparability

MILK Brief #18: Doing the Math with Property Microinsurance in Coastal Colombia;” by Barbara Magnoni and Derek Poulton; published by Microinsurance Centre; October 2012; 2 pages; available at: http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/914-condensed-milk-18-doing-the-math-with-property-microinsurance-in-coastal-colombia.html Continue reading

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MICROCAPITAL BRIEF: Smart Campaign Launches Certification of Microfinance Institutions Regarding Client Protection

The Smart Campaign, a consumer-protection initiative launched in 2010 by US-based nonprofit Accion, recently released a Client Protection Certification Program that aims to verify that financial institutions serving the world’s poor people are focused on the fair treatment of clients. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation Paying $2m for Stake in Arm of Cambodia’s ACLEDA Bank Being Established in Myanmar

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to disburse USD 2 million to ACLEDA Bank, a Cambodia-based commercial bank, to set up a microfinance institution (MFI) in Myanmar. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $1.35m to LandesLease of Albania to Support Small and Medium-sized Enteprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, has provided a five-year loan of EUR 1 million (USD 1.35 million) Albanian leasing company LandesLease. Continue reading

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MICROCAPITAL BRIEF: Center for Financial Inclusion at Accion, Citi, Visa Announce Launch of Financial Inclusion 2020 Initiative, to Convene Forum in London in October

The Center for Financial Inclusion at Accion (CFI), established in 2008 as a branch of the US-based nonprofit Accion, together with US-based financial service providers Citi and Visa, recently announced the launch of Financial Inclusion 2020 (FI2020), an initiative designed to promote increased financial access for people worldwide. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation Loans $7m to Georgia’s Kor Standard Bank for Small and Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan USD 7 million to Kor Standard Bank (KSB), a financial institution in the republic of Georgia, to increase funding for small and medium-sized enterprises. Continue reading

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MICROCAPITAL BRIEF: Pakistan’s Tameer Microfinance Bank Lists Term Finance Certificates Worth $10m on Karachi Stock Exchange

Tameer Microfinance Bank Limited (TMFB), a commercial bank in Pakistan that is majority-held by Norwegian mobile firm Telenor, recently issued two term finance certificates (TFCs) each worth PKR 500 million (USD 5 million) on the Karachi Stock Exchange (KSE) in an effort to raise capital. Continue reading

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