Category: Microinsurance

MICROCAPITAL BRIEF: Solar Financier PEG Africa Offers Customers in Ghana Free Hospitalization Insurance via Bima

PEGAfrica, which offers “rent-to-own” financing for solar products in Cote d’Ivoire and Ghana, recently arranged to offer select customers no-cost insurance cover via Bima, a microinsurance service of Sweden’s Milvik. The rollout across Ghana follows a pilot project that served 2,000 families. PEG will enroll customers that meet certain criteria relating to loyalty and timeliness of repayment in the service, which will pay out for Continue reading

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SPECIAL REPORT: The Place of MFIs in the Financial Inclusion Ecosystem of the Mekong Region

TheBanking With the Poor Network roles of MFIs in financial systems vary significantly from country to country, even within the Mekong region. Somphone Sisenglath, Managing Director of Ekphatthana Microfinance Institution, described the Lao industry as “very young,” with the median MFI just three years old. Most MFIs operate in the capital, Vientiane, while 80 percent of the population is rural. Since it often takes an hour to travel between villages, it is very expensive Continue reading

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SPECIAL REPORT: Overcoming Fears at European Microfinance Week: Farmers Eschew Microinsurance to Prevent Drought, MFIs Wary of Group Technology Purchases

At yesterday’s meeting of the European Microfinance Platform’s (e-MFP’s) Digital Innovations for Financial Empowerment Action Group, a wide range of presenters described their challenges and successes in implementing financial technologies. Continue reading

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MICROFINANCE EVENT: Sankalp Africa Summit, February 23-24, 2017, Kenya School of Government, Nairobi

Event Name: Sankalp Africa Summit 2017: Spurring the Entrepreneurship Economy

Event Date: February 23 – February 24, 2017

Event Location: Kenya School of Government, Lower Kabete, Nairobi City, Kenya Continue reading

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MICROFINANCE EVENT: International Microinsurance Conference, November 15-17, 2016, Colombo, Sri Lanka

Event Name: 12th International Microinsurance Conference

Event Date: November 15-17, 2016

Event Location: Cinnamon Grand Hotel, 77, Galle Road; Colombo 03, Sri Lanka Continue reading

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MICROFINANCE EVENT: Microinsurance Network: How to Optimise Distribution in the Low-Cost Insurance Environment, September 27-28, 2016, Johannesburg, South Africa

Event Name: Regional Workshop and Field Trip in Johannesburg: How to optimise distribution in the low-cost insurance environment?

Event Date: September 27 – September 28, 2016

Event Location: The Country Club, Napier Road, Auckland Park, Johannesburg Continue reading

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MICROCAPITAL BRIEF: Philippines Implementing Microfinance NGOs Act

Philippine officials recently finalized the implementing rules and regulations of the Microfinance NGOs Act, a measure signed into law on November 3, 2015, by then-President Beigno Aquino III that: (1) calls for the establishment of a microenterprise development strategy; (2) creates a microfinance NGO regulatory council that will accredit NGOs that offer financial services to microentrepreneurs and small-business owners. Continue reading

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MICROCAPITAL BRIEF: India’s Jharkhand State Livelihood Promotion Society (JSLPS), MicroSave Launch Financial Education Pilot Program for Self-Help Groups (SHGs)

The Jharkhand State Livelihood Promotion Society (JSLPS), a program of the local government’s Rural Development Department, and MicroSave, a financial inclusion consulting firm headquartered in the northern Indian state of Uttar Pradesh, recently launched a financial education pilot program in the Bero, Khuntipani and Manoharpur blocks of the eastern Indian state of Jharkhand. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Household Responses to Village Bank Access in Laos; Mobile Banking in Kenya; The Role of Banks in Driving Financial Inclusion

“Household Responses to Access to Finance Through GIZ-AFP Village Banks;” published by the Laos-Australia Development Learning Facility; February 2016; 50 pages; available at: http://ladlf.org/images/publications/030516_LADLF_GIZ_HH_Response_to_A2F_Final.pdf Continue reading

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MICROCAPITAL BRIEF: VisionFund International Buying Majority Equity Stake in Opportunity’s Microfinance Institution in Democratic Republic of Congo

Pending regulatory approval, VisionFund International, a US-based affiliate of the Christian humanitarian organization World Vision International, recently agreed to purchase a majority stake in Opportunity International’s (OI’s) microfinance institution (MFI) in the Democratic Republic of Congo (DRC). Continue reading

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MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

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MICROCAPITAL BRIEF: Mobile Phone Service Provider Tigo Tanzania Launching Tigo Nivushe Microlending Product

Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced the launch of a “nano-lending product” named Tigo Nivushe. Continue reading

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MICROFINANCE EVENT: Microinsurance Business Models for Africa; April 6-7, 2016; Diani, Kenya

Event Name: Microinsurance Learning Sessions: Microinsurance Business Models for Africa

Event Dates: April 6-7, 2016 Continue reading

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MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance

Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price. Continue reading

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MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog

Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. Continue reading

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MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority of India (IRDAI) Extends Microinsurance Compliance Deadline to March 31, 2016

The Insurance Regulatory and Development Authority of India (IRDAI), the government agency charged with overseeing the country’s insurance market, recently announced that it has extended the deadline for insurance companies to withdraw non-compliant microinsurance products from their portfolios to March 31, 2016. Continue reading

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