Tanzania’s National Microfinance Bank (NMB) recently launched a range of debit cards including Tanzanite, targeting the mass market; Titanium, targeting the middle class; and World Rewards, targeting affluent customers. These debit cards are branded by MasterCard, a New York-based payments and technology company. As per Ineke Bussemaker, the managing director of NMB, the debit cards were launched to cater to the “evolving needs” of the bank’s customers who were “increasingly seeking faster, more secure and smarter ways to pay.” Continue reading
“Expanding Access to Finance Through Mobile Payments;” published by the Foundation for International Community Assistance (FINCA) International and The MasterCard Foundation; June 2015; 12 pages; available at http://www.finca.org/files/2015/06/FINCA-MasterCard-Case-study-2015.pdf
This case study offers suggestions for microfinance institutions (MFIs) implementing mobile technology. Continue reading
MetLife Foundation, an affiliate of the Chicago-based insurance company MetLife, recently announced the disbursement of USD 1.8 million in grant funding to Opportunity International, a microfinance NGO also based in the US city of Chicago, to support its outreach via bank branches and mobile vans in rural China. Continue reading
Event Name: East Africa Microfinance Summit 2015
Event Date: August 17-19, 2015
Event Location: Kenyatta International Convention Center, Nairobi, Kenya
Summary of Event: The theme of this conference is “Microfinance Enhancing Lives through Innovations,” and the event will focus on topics including: (1) the impact of mobile banking and agent-based banking for promoting financial inclusion; (2) the role of regulation in encouraging innovation; (3) the benefits of credit information sharing; (4) the role of youth and women in advancing social and economic development; (5) microfinance and socially-responsible enterprise; and (6) developments and trends observed in the East African microfinance industry over the past year. Continue reading
Event Name: Cracking the Nut Conference 2016
Event Date: March 1 – 2, 2015
Event Location: Enrique V. Iglesias Conference Center, Washington, DC, USA
Event Summary: Cracking the Nut 2016 will focus on three topics: (1) developing methods to incentivize small farmers to adopt “sustainable” farming practices and regenerating rural and agricultural landscapes by restoring deforested areas and depleted soils; (2) financing environmentally sustainable development; and (3) promoting investment in environmentally friendly agriculture. Continue reading
Good World Solutions (GWS), a US-based nonprofit organization that develops anonymous tools for people to report on how companies treat them, has built a mobile-based interactive voice response survey service to gather information from microfinance borrowers in India to determine whether microfinance institutions (MFIs) are following the client protection principles of the US-based Smart Campaign. Continue reading
MicroCapital: What can attendees expect to see at Semaine Africaine de la Microfinance (SAM)?
Frédéric Ruaz: You will find most of the sessions involve managers of several types of organizations: microfinance institutions (MFIs), public entities and private funds. In addition to fostering debate, we aim SAM to bridge practitioners with experts, South with North, and even small MFIs with large MFIs. Indeed, SAM is the largest microfinance meeting place in Africa.
MC: Is there a session that you think attendees may find particularly valuable?
FR: That is a tough question, as SAM offers such a diversity of panels. On Wednesday, July 1, the second session will focus mostly on social entrepreneurship. Continue reading
Event Name: AITEC Banking & Mobile Money Lagos 2015
Event Date: July 28 – 29, 2015
Event Location: Eko Hotel, Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria
Event Theme: Financial Empowerment through Trusted Payment Solutions
Event Summary: Now entering its eighth year, AITEC (African Information Technology Exhibitions and Conferences) Banking & Mobile Money Lagos 2015 will address issues in Nigeria’s financial services sector, including developments in payment technologies, best practices in information technology project deployment, and trends in customer service delivery. Additionally, broader themes of risk management, governance, regulation and compliance will be covered.
Oradian, a Croatian startup that provides cloud-based software for microfinance institutions in developing economies, announced recently that it has raised seed funding from various investors to scale its products across West Africa, an effort that will include expanding its team in its offices in Croatia and Nigeria. Continue reading
SimbaPay, a UK-based digital money transfer service, reportedly has announced that it has begun offering transfers to Nigeria. Continue reading
The Social Performance Task Force (SPTF), a US-based nonprofit charged with addressing questions about measuring and managing social performance, and the France-based network CERISE (Comité d’Echanges de Réflexion et d’Information sur les Systèmes d’Epargne-crédit) recently released version 1.2 of SPI4, their assessment tool for the social performance of microfinance institutions. Continue reading
Branch International Inc., “a mobile-based microfinance institution for the world,” reportedly has launched in Kenya. Continue reading
MasterCard, a US-based payments and technology company, and the International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, reportedly have pledged to establish a USD 250 million risk-sharing facility, which is expected to provide an unspecified number of people in emerging markets with access to small loans via payment cards. Continue reading
Millicom International Cellular, a Luxembourg-based telecommunications and media company, recently launched the mobile-based savings product Tigo Sugira in Rwanda with Urwego Opportunity Bank, a Rwandan microfinance institution . Continue reading
CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution that was formerly known as the Corporacion Andina de Fomento, recently partnered with Telesalud de Venezuela, a telemedicine firm that offers health services in rural and other underserved areas in Latin America, to pilot a health microinsurance project in Ecuador. Continue reading
“Aging and Financial Inclusion: An Opportunity;” published by HelpAge International and Accion’s Center for Financial Inclusion; 2015; 40 pages; available at https://centerforfinancialinclusionblog.files.wordpress.com/2015/02/aging_and_financial_inclusion_an_opportunity.pdf
This report highlights various barriers and opportunities in providing financial services to older people and helping younger people plan for old age, focusing on middle-income countries, in particular Colombia. Continue reading
Voyager Innovation, a tech company wholly owned by the Philippine wireless service provider Smart Communications, is partnering with the Bulgaria-based finance company Cash Credit to provide mobile-based consumer loans to approximately 75 million Smart Communication subscribers . Continue reading
9Fbank.com, a Chinese online financial services company, recently raised capital totaling USD 110 million, of which USD 90 million was from newly issued shares . Continue reading