Category: Key Players

MICROFINANCE PAPER WRAP-UP: “Microfinance Banana Skins 2012: The CSFI Survey of Microfinance Risk;” by David Lascelles and Sam Mendelson; published by the Centre for the Study of Financial Innovation (CSFI)

By David Lascelles and Sam Mendelson, published by the Centre for the Study of Financial Innovation, July 2012, 50 pages, available at: http://www.citigroup.com/citi/microfinance/data/news120628.pdf Continue reading

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MICROCAPITAL BRIEF: Citigroup Wins 2012 Business in the Community International Award for Excellence, for Microfinance Partnership with Overseas Private Investment Corporation

Citigroup, a US-based bank, has won the International Award of the fifteenth edition of the Awards for Excellence, the corporate responsibility awards offered by the Prince of Wales’ charity Business in the Community. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financial Advisors on Sustainable Investing; Risk Management in Microfinance; Supply-Side Financial Inclusion Data

“Gateways to Impact: Industry Survey of Financial Advisors on Sustainable and Impact Investing;” published by Calvert Foundation; June 2012; 14 pages; available at: http://www.gatewaystoimpact.org/images/gatewaystoimpact.pdf Continue reading

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MICROCAPITAL BRIEF: BNP Paribas, Russian Microfinance Department Award $2m Loan to FINCA Russia

Banque Nationale de Paris (BNP) Paribas Russia, the Russian arm of French financial services provider BNP Paribas, and the microfinance department of Russia’s Ministry of Finance have reportedly awarded a two-year, USD 2 million loan to FINCA Universal Credit Organization CJSC, a subsidiary of US-based nonprofit microfinance institution (MFI) FINCA International. Continue reading

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MICROCAPITAL BRIEF: Accion to Launch $60m Frontier Investment Fund, Invest in Indian Microfinance, Other Ventures

Frontier Investments Group, an investment vehicle of US-based nonprofit Accion, recently announced plans to launch the Frontier Investment Fund, which reportedly will have a pool of between USD 60 million and USD 75 million and focus on emerging economies, especially India. Continue reading

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MICROCAPITAL BRIEF: G2012 Mexico, Ashoka Changemakers Offers $100k for Winning Solution to Financial Services Access

The G2012 Mexico, the seventh summit of leaders from 20 large economies (G-20), and Ashoka Changemakers, an initiative of the US-based nonprofit Ashoka, have partnered to launch the “G2012 Mexico Financial Inclusion: Innovative Solutions for Unlocking Access” competition. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Open Credit Line Totaling $100m to 400 Small and Medium-Sized Suppliers to Comercial Shops Mexicana (TCM)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has opened credit lines totaling USD 100 million to 400 small and medium-sized enterprises (SMEs) that sell products to Mexican supermarket chain Comercial Shops Mexicana (TCM). Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institution Grameen Koota Raises $5m from responsAbility through Nonconvertible Debentures

Grameen Financial Services Private Limited (Grameen Koota), an Indian microfinance institution (MFI), recently raised INR 25 crore (USD 5 million) in debt funding through the issue of secured, redeemable, non-convertible debentures (NCDs). Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Lends $467k to Microfinance Institution GRAINE of Burkina Faso, $1.2m to Angkor Mikroheranhvatho Kampuchea of Cambodia and $2.5m to LOLC Micro Credit Limited of Sri Lanka

The Grameen Credit Agricole Microfinance Foundation (GCAMF), which was founded in Luxembourg by French bank Credit Agricole and Grameen Trust of Bangladesh, has reported to MicroCapital that it has issued its first loan in Burkina Faso to Groupe d’Accompagnement à l’Investissement et à l’Epargne (GRAINE), a microfinance institution (MFI) that serves 40,000 women primarily in remote areas. Continue reading

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MICROFINANCE EVENT: ILO’s Microinsurance Innovation Facility Presents “Interactive Launch of the Microinsurance Compendium: ‘Protecting the Poor,’ Volume II”, July 3, 2012, Geneva, Switzerland, and Online

Event Name: Interactive Launch of the Microinsurance Compendium, Volume II

Event Date: July 3, 2012, 16:00 – 18:30

Event Location: International Labour Organization Library, Geneva, Switzerland, and Online Continue reading

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MICROCAPITAL BRIEF: Advans Incorporates Advans Pakistan Microfinance Bank, La Fayette Microfinance Bank of Nigeria

Advans SA, a microfinance investment vehicle that mobilizes funds for microfinance institutions (MFIs), recently announced the incorporation of the Advans Pakistan Microfinance Bank in the Republic of Pakistan and the La Fayette Microfinance Bank in Nigeria. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Global Microfinance Equity Valuation Survey; Microfinance Governance Indicators; Audio Report: Role of Brokers in Microinsurance

Volume Growth and Valuation Contraction: Global Microfinance Equity Valuation Survey 2012;” by Jasmina Glisovic, et al; published by CGAP (Consultative Group to Assist the Poor) and JP Morgan; May 2012; 16 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.57526/VolumeGrowth.pdf Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation, BNP Paribas to Loan $25m to Vietnam’s Orient Commercial Joint Stock Bank for Small and Medium-sized Enterprises, Women-owned Businesses

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to provide a syndicated loan of USD 25 million toVietnam’s Orient Commercial Joint Stock Bank to expand financing to small and medium-sized enterprises (SMEs) and women-owned businesses. Continue reading

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