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Friday, April 18, 2014

MICROCAPITAL BRIEF: China Commercial Credit Launches Online Loan Portal “Pride Lending Group”

China Commercial Credit, a microcredit company based in the Chinese city of Suzhou, recently announced that it has launched an online lending portal called Pride Lending Club. Continue Reading »

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Thursday, April 17, 2014

MICROCAPITAL BRIEF: Airtel, MTN Group Partner to Provide Mobile Money Transfers Between Burkina Faso, Ivory Coast

Airtel Burkina Faso, a subsidiary of India-based telecommunications company Bharti Airtel, and Mobile Telecommunication Network (MTN) Group, a telecommunications company based in South Africa, recently announced a partnership that will allow their mobile money customers to transfer funds between Burkina Faso and the Ivory Coast. Continue Reading »

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Wednesday, April 16, 2014

MICROCAPITAL BRIEF: Citi Replicates Mobile Collect Fund Transfer Service in China, India

Citi Asia, a subsidiary of US-based Citigroup that provides banking and card services to retail customers and small and medium-sized enterprises (SMEs) in Asia, recently launched Citi Mobile Collect, a mobile payment platform that enables customers to complete fund transfers via mobile phones, in China and India. Continue Reading »

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Wednesday, April 9, 2014

MICROCAPITAL BRIEF: Etisalat Lanka of Sri Lanka, Dialog Axiata of UAE Partner to Extend Ezcash Mobile Payment System in Sri Lanka

Dialog Axiata (DA), a Sri Lankan mobile communications subsidiary of Malaysia’s Axiata Group Berhad, reportedly has announced that it will begin a partnership with Etisalat Lanka (EL), a cellular network owned by the Emirates Telecommunications Corporation of the United Arab Emirates, to extend Dialog’s “eZcash” mobile payments to EL’s customers in Sri Lanka. Continue Reading »

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Wednesday, April 2, 2014

MICROCAPITAL BRIEF: Truelift Updates Truelift Indicators Tool for Assessing Pro-poor Focus of Microfinance Institutions

Truelift, an initiative that recognises institutions that exhibit commitment to the “pro-poor objective of microfinance,” has announced an updated version of its Truelift Indicators Tool, a set of criteria intended to assess how much microfinance institutions (MFIs) meet the needs of low-income people [1]. Continue Reading »

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Tuesday, April 1, 2014

MICROFINANCE PUBLICATION ROUND-UP: Government Efforts to Achieve Financial Inclusion in India; Index-based Insurance in South, Southeast Asia; Microinsurance Claims Management

“Report of the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households;” published by the Reserve Bank of India (RBI); December 31, 2013; 247 pages; available at http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CFS070114RFL.pdf

This report was authored by the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, which was appointed by the Reserve Bank of India (RBI) in September 2013 to propose measures for increasing access to financial services in India. Continue Reading »

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Tuesday, March 25, 2014

MICROFINANCE PUBLICATION ROUND-UP: Women and Mobile Financial Services in Uganda; Quantitative Poverty Scoring Methods; European Investment Bank’s Rural Impulse Fund II Symposium in Africa

“Research on Women and Usability of Mobile Financial Services in Uganda;” published by Grameen Foundation; February 2014; 40 pages; available at http://www.grameenfoundation.org/resource/use-mobile-financial-services-among-poor-women

This presentation gives an overview of the Uganda-specific results of a series of studies undertaken by the US-based nonprofit Grameen Foundation with the goal of understanding how mobile-phone usability, or lack thereof, impacts the ability of poor women to access mobile financial services in India, the Philippines and Uganda. Continue Reading »

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Tuesday, March 25, 2014

MICROCAPITAL BRIEF: Entrepreneurial Finance Lab Offers Microfinance Institutions (MFIs) Credit Scores for Micro-, Small Enterprises (MSEs) Based on Psychometric Tests

In an effort to promote financing to self-employed entrepreneurs and micro- and small enterprises (MSEs) in emerging economies, Entrepreneurial Finance Lab (EFL), a US-based company, is employing psychometric analyses to assess the creditworthiness of loan applicants. Continue Reading »

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Wednesday, March 19, 2014

MICROCAPITAL BRIEF: US-based Startups First Access, Cignifi Analyze Mobile Phone Usage to Measure Creditworthiness of Unbanked

A number of startup companies are employing analytical techniques based on “big data” to interpret the mobile phone usage of poor people to assess the creditworthiness of those applying for loans in developing economies. Continue Reading »

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Tuesday, March 18, 2014

MICROCAPITAL BRIEF: Tigo Introduces Cross-border Mobile Money Transfer Service With Currency Conversion Serving Rwanda, Tanzania

Millicom International Cellular, a Luxembourg-based telecommunications company also known as Tigo, recently introduced a cross-border mobile money transfer service between Rwanda and Tanzania that includes currency conversion. Continue Reading »

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Monday, March 17, 2014

MICROCAPITAL BRIEF: EBay Microfinance Unit MicroPlace Ceases Accepting New Investments

MicroPlace, a US-based facilitator of investments in international microfinance and subsidiary of online auctioneer eBay, recently announced that it will no longer offer investment opportunities. Continue Reading »

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Wednesday, March 12, 2014

MICROFINANCE PAPER WRAP-UP: “Using Subsidies for Inclusive Insurance: Lessons from Agriculture and Health;” by Ruth Vargas Hill, Gissele Gajate-Garrido, Caroline Phily, and Aparna Dalal; Published by International Labour Organization

“Using Subsidies for Inclusive Insurance: Lessons from Agriculture and Health;” by Ruth Vargas Hill, Gissele Gajate-Garrido, Caroline Phily, and Aparna Dalal; published by International Labour Organization; January 2014; 55 pages; available at http://www.microinsurancefacility.org/publications/mp29

This report was published by the Microinsurance Innovation Facility, a nonprofit research institution housed within the UN’s International Labour Organization (ILO) that promotes the development of insurance products and risk-mitigation markets in developing economies. Continue Reading »

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Tuesday, March 4, 2014

MICROCAPITAL BRIEF: Orange, Banco Popular Dominicano Launch M-Peso Mobile Payment Service in the Dominican Republic

Orange Dominicana, subsidiary of Orange of France that offers prepaid mobile services in the Dominican Republic, and Banco Popular Dominicano, a commercial bank in the Dominican Republic, reportedly have launched the M-Peso mobile wallet and payment service in the Dominican Republic.  Continue Reading »

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Wednesday, February 26, 2014

MICROFINANCE PUBLICATION ROUND-UP: Inclusix Index of Financial Inclusion in India; Obstacles to Access in Microinsurance; Microfinance in Kenya

“CRISIL Inclusix: An index to measure India’s progress on Financial Inclusion;” published by Credit Rating Information Services of India Limited (CRISIL); June 2013; 101 pages; available at http://crisil.com/pdf/corporate/CRISIL-Inclusix.pdf

Based on data from 2009 through 2011, this report gives an overview of the findings of the CRISIL Inclusix index, an analytical tool designed by Credit Rating Information Services of India Limited (CRISIL) to measure progress in financial inclusion in India at the national, regional, state and district levels. Continue Reading »

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Tuesday, February 25, 2014

MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), MasterCard Partner to Support Financial Inclusion, Transparency in Latin America, Caribbean

The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) [1]. Continue Reading »

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Sunday, February 23, 2014

MICROCAPITAL BRIEF: Microfinance Provider Khushhali Bank, Smart and Renewable Energy Solutions Partner to Increase Solar Power in Rural Pakistan

Khushhali Bank, a microfinance institution (MFI) in Pakistan, has signed an agreement with Smart and Renewable Energy Solutions (SRE Solutions), a Pakistan-based firm that offers solar energy products, to provide financing for “Solar Magic Box,” a device manufactured and sold by SRE Solutions that generates electricity from the sun [1]. Continue Reading »

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Monday, February 17, 2014

MICROCAPITAL BRIEF: Myanmar Mobile Money, Mobilemate Telecommunications Launch Mobile Money Services in Myanmar

Myanmar Mobile Money, a Myanmar-based subsidiary of France-based Oberthur Technologies, recently partnered with Mobilemate Telecommunications, a Singapore-based company, to launch mobile money services in Myanmar. Continue Reading »

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Sunday, February 16, 2014

MICROCAPITAL BRIEF: Bank of Uganda Issues Mobile Money Guidelines Intended to Prevent Fraud, Increase Efficiency

The Bank of Uganda (BoU), the country’s central bank, has issued a set of mobile money guidelines aimed at regulating mobile money services in the country [1]. Continue Reading »

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