Category: Key Players

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the government-owned Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India, are developing a database of collateral used to secure loans. Continue reading

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MICROCAPITAL BRIEF: Citi Foundation Grants $180k to Parinaam Foundation of India to Provide Financial Literacy Training to Clients of Microfinance Institution Ujjivan

Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients. Continue reading

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MICROCAPITAL BRIEF: World Bank Releases Government Electronic Payment Program Guidelines

The World Bank Group, a US-based institution whose aim is to reduce poverty, recently released a report titled “General Guidelines for the Development of Government Payment Programs” that aims to assist governments and other stakeholders in developing efficient electronic government-payment systems. Continue reading

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MICROCAPITAL BRIEF: MFTransparency Partners with Planet Rating, Microfinance Institutions Network (MFIN) of India to Improve Pricing Transparency

MFTransparency, a US-based nongovernmental organization (NGO), recently partnered with Planet Rating, a microfinance rating agency that is a member of the France-based PlaNet Finance Group, and Microfinance Institutions Network (MFIN), a trade association of microlenders in India. Continue reading

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MICROCAPITAL BRIEF: Grameen Bank Ordinance Seen as Power Grab by Bangladeshi Government, Bank Refutes Claims by Prime Minister of 45% Microloan Interest Rates

The cabinet of ministers of Bangladesh has reportedly approved an amendment to the ordinance regulating Grameen Bank, a Bangladeshi microfinance institution (MFI), that allows the bank’s chairman, Mr Muzammel Huq, to nominate a pool of three candidates from which a managing director of the bank will be chosen. Continue reading

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MICROCAPITAL BRIEF: European Progress Microfinance Facility Signs 20th Intermediary, Reaches $98m Committed

The European Progress Microfinance Facility, an organization managed by the European Investment Fund (EIF) with the aim of increasing the availability of microcredit for small businesses, has signed its 20th microfinance intermediary, Italy-based credit cooperative Banco di Credito Mediocrati. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation to Support Financing SMEs in Emerging Markets Through GATE Impact Investment Platform

The Overseas Private Investment Corporation (OPIC), a US government agency that works with private-sector firms in the US to invest in emerging markets, has selected GATE (Global Alternative Trading Engine) Impact, a New York-based financial services company, to establish the Impact Investment Platform for the Enterprise Development Network, an OPIC effort intended to help finance and otherwise support small and medium-sized enterprises (SMEs) doing business in emerging markets overseas. Continue reading

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MICROCAPITAL BRIEF: Innovations for Poverty Action (IPA), Citi Foundation Issue Call for Financial Capability Research Funding Proposals

Innovations for Poverty Action (IPA), a US-based nonprofit research organization, and Citi Foundation, the charitable arm of US-based financial service provider Citigroup, have issued a call for expressions of interest (EOI) for the Citi-IPA Financial Capability Research Fund. Continue reading

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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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