Category: Risks

MICROCAPITAL BRIEF: Scott Brown Stepping Down as CEO of VisionFund International

VisionFund International, a UK-based nonprofit with microfinance operations in approximately 30 countries, recently informed MicroCapital that its President and CEO Scott Brown will be leaving the organization at the end of Continue reading

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MICROCAPITAL BRIEF: Palestine Monetary Authority Puts Credit Reports Online for Microfinance Institutions, Banks

The Palestine Monetary Authority (PMA), with assistance from Ramallah-based Al-Andalus Software Development, recently released a “credit reports handling system” that allows financial institutions to access to individual’s credit histories electronically. Previously, credit report requests had to be filed in person Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank Invests $1.5m in Equity in India’s M-CRIL to Expand Ratings in Cambodia, China, Indonesia, Nepal

Micro-Credit Ratings International Limited (M-CRIL), an India-based provider of rating and advisory services to the microfinance industry, recently sold an unspecified portion of its equity to the Asian Development Bank (ADB), a development finance institution with 67 member countries. One goal of the funding is to help M-CRIL expand in Cambodia, China, Indonesia and Nepal. ABD Principal Investment Specialist Anshukant Taneja said the investment will Continue reading

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MICROCAPITAL BRIEF: MicroFinanza Rating Issues 10 Institutional, Social Ratings

During February 2017, Italy-based MicroFinanza Rating issued “microfinance institutional ratings” to the following institutions, all with stable outlooks: Indonesia’s Komida, which was assigned a grade of BB; Albania’s NOA, which earned a BBB; Haiti’s ACME, which was assigned a BB+; Vietnam’s Anh Chi Em (ACE), which got a BB-; and two institutions that each received an A-, Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: UN Digital Financial Services Toolkits; 7th IMF Financial Access Survey; IFC, The MasterCard Foundation Mobile Money Handbook

“How to Succeed in Your Digital Journey: a Series of Toolkits for Financial Service Providers”; Published by the United Nations Capital Development Fund’s MicroLead Program; October 2016; available upon request via: https://uncdf.wufoo.com/forms/q4pnwh31pqtp7r/

This first portion of a six-part digital toolkit, which is available in English and French, was designed to benefit microfinance institutions (MFIs) and other financial services providers that aim to offer digital financial services to unbanked populations residing in remote locations. Continue reading

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MICROCAPITAL BRIEF: Zimbabwe Loosens Microfinance Regulations in Effort to Boost Investment; Deliver Range of Services to More Women, Youth

The government of Zimbabwe recently liberalized its Microfinance Act with provisions such as extending the validity of microfinance institution (MFI) license renewals from one to three years. Zimbabwe’s Finance Minister, Patrick Chinamasa, was quoted as saying financial institution “charges are just too high. With MFIs, it mostly has to do with the fact that investment in the sector is just too low, so companies just end up passing their costs to clients…. Zimbabwe seeks to unlock economic opportunities, especially for the women and youths by expanding access to savings, Continue reading

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MICROFINANCE EVENT: International Conference on Sustainable Development; September 6 – 7, 2017; Rome, Italy

Event Name: The International Conference on Sustainable Development (ICSD) 2017

Event Date: September 6 – 7, 2017

Event Location: Roma Eventi, Piazza della Pilotta, Rome, Italy

Summary of Event: The theme of this conference for 2017 is “Creating a unified foundation for…Sustainable Development: research, practice and education.” The organizers’ goal is to Continue reading

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SPECIAL REPORT: Accelerating Financial Inclusion in the Mekong through Collaboration

AtBanking With the Poor Network the 2016 Mekong Financial Inclusion Forum, MFIs and funders led this session’s discussion of collaboration. Kelly Hattel, Financial Sector Specialist for the Asian Development Bank, underscored “the importance of having national strategies for financial inclusion and having them be evidence-based. These are important…both as a donor individually and for Continue reading

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SPECIAL REPORT: Realizing Potential and Minimizing Risk through Client Protection and Developing Financial Capability in Southeast Asia

ABanking With the Poor Network diverse set of panelists at this session of the Mekong Financial Inclusion Forum agreed that providing financial education can be expensive and yet often fails to produce measurable outcomes. Jayshree Venkatesan, a financial inclusion consultant, stated that “results from financial literacy campaigns are at best mixed.” Shane Nichols, Program Director for Good Return, said that the rise of randomized controlled trials has helped his organization discover that although “we used to do pre- and post-tests showing people gained knowledge…sustained behavior-change was virtually non-existent.”

Ms. Venkatesan explained that “there are a number of things that limit these efforts. They cost a lot of money. Most of these tend to be Continue reading

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SPECIAL REPORT: Digital Financial Services: Providing a “Ladder” Out of Poverty or Creating “Financial Exclusion”?

At European Microfinance PlatformFriday’s closing session of European Microfinance Week, representatives of Luxembourg-based MyBucks, US-based Opportunity International and India-based MicroSave argued about the risks and rewards of digital finance services. Vicki Escarra, the CEO of Opportunity International, said, “What we’ve done over the past five years to get to very rural areas is to use these digital channels.… To focus on women in Africa – not just women, but women living in Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank, Citigroup to Facilitate Up to $100m in Local Currency Loans for MFIs in Asia

The Asian Development Bank (ADB), a 67-member development finance institution headquartered in the Philippines, and Citigroup, a financial services corporation based in the US city of New York, recently announced the intention to facilitate up to USD 100 million in local-currency loans for microfinance institutions (MFIs) in Asia under the Microfinance Risk Participation and Guarantee Program. Continue reading

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MICROFINANCE PAPER WRAP-UP: 2016 Brookings Financial and Digital Inclusion Project Report; by John Villasenor, Darrell West, Robin Lewis

“The 2016 Brookings Financial and Digital Inclusion Project Report Advancing Equitable Financial Ecosystems;” by John D. Villasenor, Darrell M. West and Robin J. Lewis; published by the Center for Technology Innovation at the Brookings Institution; August 2016; 146 pages; Continue reading

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MICROFINANCE EVENT: European Microfinance Platform (e-MFP) to Host European Microfinance Week, November 16-18, 2016, Luxembourg

Event Name: European Microfinance Week 2016

Event Date: November 16 – November 18, 2016

Event Location: Neimënster, 28 Rue Münster, L-2160 Luxembourg Continue reading

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MICROFINANCE EVENT: Seed Africa Symposium, September 28-29, 2016, Nairobi, Kenya

Event Name: Seed Africa Symposium: From Innovation to Imitation – Replicating Successful Business Models for Green Growth and Sustainable Development

Event Date: September 28-29, 2016

Event Location: Safari Park Hotel, Thika Road, 00100 Nairobi, Kenya Continue reading

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MICROFINANCE EVENT: Global Symposium on Innovative Financial Inclusion, September 21-22, 2016, Kuala Lumpur, Malaysia

Event Name: Global Symposium on Innovative Financial Inclusion: “Harnessing Innovation for Inclusive Finance”

Event Date: September 21 – September 22, 2016

Event Location: Sasana Kijang, Number 2, Jalan Dato’ Onn, 50480, Kuala Lumpur, Malaysia Continue reading

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MICROFINANCE EVENT: Global SME Finance Forum 2016, September 19-21, 2016, Beijing, China

Event Name: Global SME Finance Forum 2016

Event Date: September 19-21, 2016

Event Location: Shangri La – China World Hotel, 1 Jianguomenwai Avenue, Beijing, 100004, China Continue reading

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MICROFINANCE EVENT: Sa-Dhan Association to Host National Conference, September 14-15, 2016, New Delhi, India

Event Name: Sa-Dhan National Conference 2016: “Financial Inclusion on Path to Sustainable Development Goals”

Event Date: September 14-15, 2016

Event Location: India Habitat Centre, Lodhi Road, New Delhi, India 110003 Continue reading

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MICROCAPITAL BRIEF: VisionFund Selects BankBI’s Cloud-Based Software to Manage Microfinance Institutions in 32 Countries

VisionFund International, the microfinance arm of US-based NGO World Vision, recently selected UK-based BankBI Limited’s business intelligence and analytics software to manage its operations in 32 countries. Continue reading

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