Category: Technology

MICROFINANCE EVENT: East Africa Microfinance Summit 2015: “Microfinance Enhancing Lives through Innovations,” August 17-19, 2015, Nairobi, Kenya

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

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MICROFINANCE EVENT: Cracking the Nut Conference, “Regenerating Rural & Agricultural Development,” March 1-2, 2016, Washington, DC, USA

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

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MICROCAPITAL BRIEF: Good World Solutions Uses Mobile Surveys to Promote Microfinance Client Protection

Good World Solutions (GWS), a US-based nonprofit organization that develops anonymous reporting 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

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SPECIAL REPORT: Frédéric Ruaz on Semaine Africaine de la Microfinance (SAM, African Microfinance Week), June 29 – July 3, 2015, Dakar, Senegal

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

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MICROFINANCE EVENT: AITEC Banking & Mobile Money Lagos 2015, July 28 – 29, 2015, Lagos, Nigeria

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.

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MICROCAPITAL BRIEF: Oradian Raises Seed Funding to Scale its Instafin Banking Software Platform Across West Africa

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

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MICROCAPITAL BRIEF: Social Performance Task Force (SPTF), CERISE Release Updated SPI4 Assessment Tool

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

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), MasterCard to Establish $250m Risk-Sharing Facility to Support Consumer Loans Distributed via Debit Card

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

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MICROCAPITAL BRIEF: CAF Development Bank of Latin America Links Rural Health Clinics, Remote Medical Specialists via Telemedicine in Ecuador

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

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MICROFINANCE PUBLICATION ROUND-UP: Driving Scale, Agent Network Density in Peru; Youth Banking in the Dominican Republic; Aging, Financial Inclusion in Colombia

“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

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MICROCAPITAL BRIEF: Voyager Innovation, Cash Credit to Offer Mobile Consumer Microloans in the Philippines via Smart Communication

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 [1]. Continue reading

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MICROCAPITAL BRIEF: Money Transfer Startups Bitpesa, Igot Leverage Bitcoin to Reduce Price of Remittances

Currency exchange companies such as Kenya’s BitPesa and Australia’s Igot are tapping into remittance markets such as Kenya’s, which reached a volume of USD 1.43 billion in 2014, by using Bitcoin transfers to undercut the fees charged by firms such as US-based Western Union to deliver money across national borders.  Continue reading

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MICROFINANCE EVENT: Mobile Money and Digital Payments Africa Conference and Workshop, May 19-21, 2015, Johannesburg, South Africa

Event Name: Mobile Money and Digital Payments Africa

Event Date: May 19-21, 2015

Event Location: Hyatt Regency Hotel, Johannesburg, South Africa

Summary of Event: The aim of the event is to bring together sector stakeholders in an effort to strengthen mobile money payment systems and businesses in Africa. The two conference days will feature panel discussions and debates focused on developing financial services and other mobile products for un- and underbanked people, recent trends in mobile money, challenges in developing cashless payment systems in Africa and methods for leveraging social payments to improve financial service offerings for people left out of the traditional banking system. The workshop will focus on discussing strategies for retailers to gain authorization to sell mobile money and digital payment services in Europe. Continue reading

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MICROCAPITAL BRIEF: Laku Pandai Branchless Banking to Launch in Indonesia via Bank Central Asia, Bank Mandiri, Bank Rakyat Indonesia and Bank Tabungan Pensiunan Nasional

Four Indonesian financial institutions, Bank Central Asia (BCA), Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Tabungan Pensiunan Nasional (BTPN), are collaborating with Otoritas Jasa Keuangan (OJK), an arm of the Indonesian government that regulates financial institutions, to launch a branchless banking program known as Laku Pandai. Continue reading

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