Category: Technology

MICROCAPITAL BRIEF: AgroCenta of Ghana Wins $20k Fincluders Startup Challenge for Online Agricultural Marketplace

Ghana-based AgroCenta recently won USD 20,000 in the Fincluders Startup Challenge, which was created to support new companies seeking to increase financial inclusion. Continue reading

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MICROCAPITAL BRIEF: SureBüddy, Provider of Free Funeral and Handset Insurance, Expands to Uganda

South African technology firm AxMe International Services recently expanded its SureBüddy insurance application to Uganda, allowing users in that country to view advertisements in return for no-cost insurance for their mobile phone screens. Continue reading

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MICROCAPITAL BRIEF: Apply by June 5 for The MasterCard Foundation’s $150k “Clients at the Centre” Prize

The MasterCard Foundation, which is based in Canada, is accepting applications through June 5 for its 2017 “Clients at the Centre” Prize, which includes a cash award of USD 150,000. Continue reading

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MICROFINANCE EVENT: Making Finance Work for Women Summit; October 24-25, 2017; Dar es Salaam, Tanzania

Event Name: Making Finance Work for Women Summit

Event Date: October 24 – October 25, 2017

Event Location: The Kilimanjaro Hotel, Dar es Salaam, Tanzania

Summary of Event: The theme of this year’s biennial summit is “Digital Financial Inclusion.” Sessions will include topics such as “the state of digital financial services”, how policymakers Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Making Finance Work for Women Summit; October 24-25, 2017; Dar es Salaam, Tanzania Posted in Events, Technology, Youth

MICROFINANCE EVENT: 7th Annual Central Asian & Caucasus Microfinance Forum; October 26-27, 2017; Tbilisi, Georgia

Event Name: 7th Annual Central Asian & Caucasus Microfinance Forum

Event Date: October 26 – 27, 2017

Event Location: Tbilisi, Georgia

Summary of Event: The theme of this year’s forum is “Microfinance Goes Digital: the Opportunities and Challenges in the Caucasus and Central Asia.” The event will focus on funding policy, social responsibility and how financial technology Continue reading

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MICROCAPITAL BRIEF: EBRD, TaiwanICDF Loan $44m to Romania’s Banca Transilvania for Residential Energy Efficiency

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced that it will disburse a loan of EUR 40 million (USD 44 million) to Banca Transilvania, a Romania-based bank, in order to improve energy efficiency in residences in the country. The funds will come from the Green Economy Financing Facility Continue reading

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MICROCAPITAL BRIEF: Ant Financial, Emtek to Launch Mobile Payment Service in Indonesia

Ant Financial Services Group, a member of China’s Alibaba Group and the parent company of Alipay, and Elang Mahkota Teknologi (Emtek), an Indonesia-based media company, recently announced plans to launch a mobile payment platform in Indonesia. The new service will run on BlackBerry Messenger (BBM) Continue reading

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MICROFINANCE EVENT: 7th Annual Africa Banking and Finance Conference; May 30 – 31, 2017; Kigali, Rwanda

Event Name: Seventh Annual Africa Banking and Finance Conference (ABFC)

Event Date: May 30 – May 31, 2017

Event Location: Serena Hotel, Kigali, Rwanda

Summary of Event: The theme of this year’s Annual Banking and Finance Conference is “Making Financial Inclusion a Reality in Africa: Connecting People to Banking Continue reading

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Written by Comments Off on MICROFINANCE EVENT: 7th Annual Africa Banking and Finance Conference; May 30 – 31, 2017; Kigali, Rwanda Posted in Africa, Events, Technology

MICROCAPITAL BRIEF: India’s Microfinance Institutions Network (MFIN) Launches Financial Literacy App in 5 Languages

The Microfinance Institutions Network (MFIN), a self-regulatory organization of 53 Indian microfinance and non-banking financial institutions, recently launched a financial literacy app in English, Hindi, Marathi, Tamil and Telugu. The app offers users their credit histories, interest rates, payment cycles Continue reading

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MICROCAPITAL BRIEF: Iceland’s Creditinfo Launches Credit Bureau in Azerbaijan; 21 Local Financial Institutions Hold Equity Stakes

Creditinfo Group, an Iceland-based operator of credit reporting firms in 25 markets worldwide, recently launched a credit bureau in Azerbaijan that it co-owns with 21 financial institutions in the country. The International Finance Corporation (IFC), a member of the World Bank Group, participated in developing Continue reading

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MICROFINANCE EVENT: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion; May 22 – 23, 2017; Kuala Lumpur, Malaysia; Asian Banking School Training for Practitioners; May 24 – 26, 2017

Event Name: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion

Dates: May 22 – May 23, 2017

Location: Kuala Lumpur, Malaysia

Summary of Event: This symposium will consist of discussions and presentations on scaling up through innovative channels, deploying digital credit, design thinking, using “big data,” and credit risk assessment and risk management [1]. Following the symposium, the Asian Banking School is offering a three-day training Continue reading

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MICROFINANCE EVENT: Social Performance Task Force (SPTF) Annual Meeting; June 6 – 8, 2017, Mexico City, Mexico

Event Name: Social Performance Task Force 2017 Annual Meeting

Event Date: June 6 – June 8, 2017

Event Location: Mexico City, Mexico

Summary of Event: This meeting will include plenary speeches, working group meetings and networking sessions relating to financial inclusion regulation, social outcomes data collection, and analysis and advances in “client-centric” technology [2]. The event will begin with an introductory session on the Universal Standards for Social Performance Management (SPM) and the resources available to financial service providers for measuring and improving their social performance. This is the first time this event is taking place in Latin America since 2013. Continue reading

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MICROFINANCE EVENT: Dot Finance Africa Presents Its Second Fintech Conference on May 17 – 18, 2017 in Kigali, Rwanda

Event Name: Dot Finance Africa

Event Date: May 17 – May 18, 2017

Event Location: Kigali, Rwanda

Summary of Event: This event will include speeches and discussions on financial technology (fintech) topics including artificial intelligence, blockchain databases, client protection, collaboration, Continue reading

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MICROFINANCE EVENT: 5th European Research Conference on Microfinance; June 12 – 14, 2017; Portsmouth, UK

Event Name: 5th European Research Conference on Microfinance

Event Date: June 12 – June 14, 2017

Event Location: Portsmouth, United Kingdom Continue reading

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MICROCAPITAL BRIEF: Tala Raises $30m in Series B Equity from IVP, Ribbit Capital, Existing Investors to Expand Mobile Phone Microlending in Asia, Latin America

Tala, a US-based microlender serving East Africa and Southeast Asia via mobile phone apps, recently raised USD 30 million through its Series B equity round in order to expand its services into South Asia and Latin America. Tala provides loans between USD 10 Continue reading

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MICROCAPITAL BRIEF: NpM, Rabobank, FMO Promote Satellite Data to Help Farmers Improve Yields, Access Finance

The NpM Platform for Inclusive Finance, formerly known as the Netherlands Platform for Microfinance, and the Rabobank Foundation, an affiliate of the Dutch cooperative Rabobank, recently launched an effort called “Geodata for Inclusive Finance and Food Security.” The goal is to encourage the use of satellite data to improve agricultural yields, for example by Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Alternative Financing in Africa, Middle East; Interoperability of Digital Financial Systems; Financial Inclusion in Kerala, India

“The Africa and Middle East Alternative Finance Benchmarking Report”; by The Cambridge Centre for Alternative Finance (CCAF) and Energy4Impact; published by CCAF; February 2017; 64 pages; available at https://www.scribd.com/document/338995486/CCAF-Africa-and-Middle-East-Alternative-Finance-Report-2017#download&from_embed/

This report focuses on assessing the types and prevalence of alternative financing in Africa and the Middle East. Continue reading

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MICROCAPITAL BRIEF: Mastercard, Unilever to Launch Partnership to Facilitate Growth of Micro-, Small, Medium-sized Enterprises (MSMEs) with Pilot Project in Kenya

Mastercard, a US-based technology and payments company; and Unilever, a UK-based supplier of consumer goods, recently announced that they will develop a partnership to provide access to digital technologies to small-scale entrepreneurs in developing countries with the aim of helping them buy supplies and sell goods more efficiently. The partnership’s first project will be to spread the use of Mastercard’s digital payment platforms via Continue reading

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