Category: Regulation

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


MICROCAPITAL BRIEF: Colombian Government Creating Licensing System for Electronic Deposit-Taking Entities

The government of Colombia recently approved a law to regulate and license electronic deposit-taking entities. These financial institutions, designated Sociedades Especializadas en Depósitos y Pagos Electrónicos (Specialized Electronic Deposit and Payment Institutions), may be incorporated by individuals or legal entities, such as telecom operators or postal offices. With a minimum capital requirement of USD 3 million, these entities can allow users to save, make payments and receive money, primarily through correspondent agents [1] [2]. Continue reading


MICROCAPITAL BRIEF: Social Performance Task Force, Smart Campaign Launch Responsible Microfinance Facility (RMF) for Training, Technical Assistance in the Middle East, Africa

The Social Performance Task Force, a US-based nonprofit charged with addressing questions about measuring and managing social performance, in collaboration with the Smart Campaign, a client-protection initiative of US-based nonprofit Accion, recently launched the Responsible Microfinance Facility (RMF), a three-year initiative funded by the French government’s Agence Francaise de Developpement (AFD)  to improve the capacity and performance of microfinance institutions in Africa and the Middle East. Continue reading


MICROCAPITAL BRIEF: Fonds pour l’inclusion Financière en République Démocratique du Congo (FPM) Receives Authorization from Central Bank of the Congo to Issue Wholesale Financing to Lenders Serving Micro-, Small, Medium-Sized Enterprises (MSMEs)

Fonds pour l’inclusion Financière en République Démocratique du Congo (FPM) SA, a nonprofit organization based in the Democratic Republic of the Congo (DRC) that was formerly known as Fonds de Promotion de la Microfinance, recently received authorization to operate as a financial company from the Central Bank of the Congo, DRC’s central banking authority. Continue reading


MICROCAPITAL BRIEF: Decree in Belarus Requires Microfinance Organizations to Register with National Bank Within 6 Months

The National Bank of the Republic of Belarus (NBRB), the central banking authority of the country, has announced that organizations providing microfinance services in the country have six months to register with the bank to comply with the guidelines set forth in “Decree No. 325,” a presidential order “on the raising and provision of loans, the operation of microfinance organizations” [1]. Continue reading