Category: Regulation

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $22m Credit to Belinvestbank of Belarus for On-Lending to Micro-, Small and Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquartered in London, is considering extending a credit line of EUR 20 million (USD 22 million) to Belinvestbank (BIB), a state-owned bank in Belarus. Continue reading


MICROCAPITAL BRIEF: Bank of Ghana Rejects Appeal by Customers of DKM Diamond Micro-Finance Limited; President Intervenes

The Bank of Ghana (BoG), the country’s central bank, recently rejected an appeal by the customers of the Ghana-based savings and microfinance company DKM Diamond Micro-Finance Limited (DKM) who had requested their cash deposits and matured investments with DKM to be paid out. BoG rejected the appeal due to the investigation into DKM’s practices being pending. BoG argued that it had to establish whether the MFI had violated the Ghanaian banking act before it allowed access to funds held by DKM. Continue reading


MICROCAPITAL BRIEF: World Economic Forum (WEF) Leaders Aim for Cooperation among Regulators for Financial Inclusion in Africa

During the World Economic Forum (WEF) in South Africa, business and political leaders from multiple African countries including Kenya, Nigeria, and South Africa among others, emphasized the need for collaboration among regulators in order to promote financial inclusion globally. Continue reading


MICROCAPITAL BRIEF: India’s Bandhan Financial Services Receives Banking License Permitting it to Accept Deposits; Plans to Begin Banking Operations in August 2015

The Indian microfinance institution, Bandhan Financial Services, which received a provisional banking license from the Reserve Bank of India (RBI) in 2014, recently announced that it has received final approval from RBI that allows it to accept deposits. The organization intends to start offering banking services beginning August 23, 2015. Continue reading


MICROFINANCE PUBLICATION ROUND-UP: Morocco’s Microfinance Market; Trends in Funding Financial Inclusion; Growth Projections in Islamic Microfinance

“Ending the Microfinance Crisis in Morocco: Acting early, acting right;” published by the International Financial Corporation in partnership with the Canadian Department of Foreign Affairs, Trade, and Development; the Danish International Development Agency; Japan; Switzerland’s State Secretariat for Economic Affairs; and UKaid; October 2014; available at
Continue reading


Da Afghanistan Bank (DAB), International Development Association (IDA), International Finance Corporation (IFC), Harakat Implement Credit, Collateral Registry in Afghanistan

Da Afghanistan Bank (DAB), the central bank of Afghanistan, recently implemented a credit infrastructure modernization project involving the establishment of Collateral Registry (CR) and Public Credit Registry (PCR) systems, which enable automation of loan processing by tracking information about clients, outstanding loans and assets pledged to back those loans. Continue reading


MICROCAPITAL BRIEF: State Bank of Pakistan (SBP) Launches National Financial Inclusion Strategy (NFIS) Aiming for Universal Financial Inclusion

The State Bank of Pakistan (SBP), the nation’s central banking authority, recently announced the introduction of the National Financial Inclusion Strategy (NFIS), which will attempt to bring about reforms that move Pakistan toward universal financial inclusion. Continue reading


MICROCAPITAL EVENT: 5th Pacific Microfinance Week: Next Mile Financial Services in the Pacific, September 21-25, 2015, Honiara, Solomon Islands

Event Name: 5th Pacific Microfinance Week 2015: Next Mile Financial Services in the Pacific

Event Date: September 21-25, 2015

Event Location: Heritage Park Hotel, Honiara, Solomon Islands

Event Summary: Pacific Microfinance Week (PMW) 2015 is a series of workshops, field visits and formal conference sessions focusing on providers of financial services for poor people in the Pacific region. The topics that will be discussed include digital finance and delivery channels, women’s empowerment through access to finance, enhancing the potential of non-bank financial institutions, policy and regulation, innovations in products and services, developing measures of financial inclusion, how corporate governance structures can improve organizational performance, and a special session on financial inclusion in the Solomon Islands. The most recent PMW was held in 2013. Continue reading


MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Easing Regulations to Allow Microfinance Institutions (MFIs) to Loan up to $1,600 to Borrowers Earning up to $2,500

The Reserve Bank of India (RBI), the central banking authority of the country, recently announced that it raised the limit on the total of all loans disbursed by microfinance institutions (MFIs) to a single borrower from INR 50,000 (USD 790) to INR 100,000 (USD 1,600). Continue reading


MICROCAPITAL BRIEF: After Suspension Due to Low Repayment Rates, Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Mandiri Resume Government’s $1.5b Kredit Usaha Rakyat (KUR) Microloan Program

Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI) and Bank Mandiri, three state-owned banks in Indonesia, will resume efforts to distribute IDR 20 trillion (USD 1.5 billion) during 2015 via the microloan program Kredit Usaha Rakyat (KUR) [1]. Continue reading