Mexican microfinance institutions (MFIs) Credito Real SA and Financiera Independencia SAB have reported gains in bond sales that are double those of the average of bank in Latin America .
The Indian rating agency Credit Rating and Information Services of India Limited (CRISIL) has announced that it expects, “Growth prospects for microfinance institutions (MFIs) will remain subdued over the medium term,” due to microfinance guidelines issued earlier this month by the Reserve Bank of India (RBI), the nation’s central banking authority. Continue reading
The CGAP Microfinance Blog, which is operated by US-based think tank CGAP (Consultative Group to Assist the Poor), recently posted an article by President Bindu Ananth of IFMR Trust, an affiliate of India’s nonprofit Institute for Financial Management and Research (IFMR), that argues the importance of “matching types of accounts to types of needs” based on several examples from India.
Vidhi Tambiah, CEO of Swiss nonprofit World Microfinance Forum Geneva, has been cited as saying that if Chinese finance officials were to improve the supply of information available to foreign investors, Chinese microfinance institutions (MFIs) could benefit from international funding . Continue reading
In an email interview published on the website of Indian newspaper Mint, Mary Ellen Iskenderian, President and CEO of Women’s World Banking (WWB), a US-based advisor to and network of microfinance institutions (MFIs), offered an assessment of the Indian microfinance sector and the potential results of new and proposed regulation. Continue reading
Having obtained formal consent for the project from the Corporate Affairs Commission (CAC), a Nigerian regulatory agency, the National Association of Microfinance Banks (NAMB), a trade group of 820 Nigerian microfinance institutions (MFIs), is expected to form a trust fund before the end of May to protect members from liquidity shocks. Continue reading
The CGAP Microfinance Blog, which is operated by US-based think tank CGAP (Consultative Group to Assist the Poor), recently posted an article by Mohammed Khaled, CGAP representative for the Middle East-North Africa Region, that explores the impact of the recent leadership change in Tunisia on microfinance regulation in the country. Continue reading
Bangladesh’s Supreme Court has dismissed Dr Muhammad Yunus’ final bid to overturn the Bangladesh High Court’s ruling upholding the effort of the Bangladesh Bank (BB), the central bank of Bangladesh, to remove Dr Yunus from his position as managing director of Grameen Bank   .
Event Name: 5th Asian Conference on Microinsurance
Event Date: July 11 – July 12, 2011
Event Location: Jakarta, Indonesia Continue reading
Planet Rating, a microfinance rating agency and member of the France-based PlaNet Finance Group, has been recognized by Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, as a microfinance institution (MFI) rating agency. This recognition follows the company’s establishment of a regional office in Manila in 2009. Continue reading
As part of a series on branchless banking around the world, a post was recently published on the CGAP Technology Blog, a website operated by US-based think tank CGAP (Consultative Group to Assist the Poor), covering regulatory developments in the Mexican microfinance sector. Continue reading
Published by Legatum Ventures; May 2011; 11 pages; available at http://www.legatum.org/attachments/MicrofinanceCrisis.pdf Continue reading
Event Name: Central Asian Microfinance Fair 2011
Event Date: July 7 – July 8, 2011 Continue reading
Mr Sushil Munhot, chairman and managing director of the government-owned Small Industries Development Bank of India (SIDBI), recently argued in an interview with Indian newspaper The Economic Times that SIDBI complements commercial banks while also offering the added value of providing equity funding to small- and medium-sized enterprises (SMEs). Continue reading
The Reserve Bank of India (RBI), India’s central banking authority, recently announced that it has accepted – with some modifications – the framework of recommendations issued by the Malegam Committee for the country’s microfinance industry. Continue reading
The Central Bank of Nigeria (CBN), the nation’s central banking authority, recently announced that it has commenced inspections to assess the level of compliance with its operational guidelines at the 103 microfinance institutions (MFIs) that were granted approval-in-principle after being among the 224 MFIs that had their licenses revoked in September 2010. Continue reading
Multiple Indian newspapers have cited an unnamed report on Indian microfinance regulation from global ratings agency Fitch that reportedly states that a single regulatory body is crucial to ensuring a stable Indian microfinance sector and that future legislation affecting microfinance should be developed through cooperative efforts between state and federal authorities. Continue reading