Category: Technology

MICROCAPITAL BRIEF: Land Bank of Philippines Announces Bayadload E-Payment Service for Mandatory Government Contributions

The Land Bank of the Philippines (LBP), a government bank specializing in serving farmers and fishermen, has announced that it will partner with Smart Hub, a subsidiary of Filipino telecom Smart Communications, to offer a new e-payment channel called “BayadLoad” to allow household workers or their employers to make mandatory government contributions using their mobile phones. Continue reading

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MICROCAPITAL BRIEF: Accion Venture Lab Invests in 5 Startups Aiming to Bring Financial Services to Poor People, Including Salud Facil of Mexico, Varthana of India

Accion, a US-based provider of microenterprise loans and business training in 31 countries, has announced that its Accion Venture Lab, which provides seed capital and management support to financial inclusion startups, will invest an aggregate of USD 10 million in startup companies that deliver financial services to poor people around the globe. Continue reading

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MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) to Offer Validated Social Data from Microfinance Institutions

The Microfinance Information Exchange (MIX), a US-based nonprofit, recently announced plans to release a feature on its MIX Market website in 2013 that will allow users to search for “validated social data” from microfinance institutions (MFIs) and filter out those not reporting such data. Continue reading

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MICROCAPITAL BRIEF: Inter-American Development Bank Promotes Psychometric Testing for Screening Loan Applicants

The Inter-American Development Bank (IDB), a multilateral institution financing development efforts in Latin America, recently released an article arguing that psychometric testing can be used by financial institutions to reduce defaults on loans by 20 to 40 percent, increase profits by 15 to 30 percent and reduce operational costs associated with traditional credit evaluation and due diligence by approximately 60 percent. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union Commit $25m to Kyrgyz Sustainable Energy Financing Facility (KyrSEFF)

The UK-based European Bank for Reconstruction and Development (EBRD) recently launched the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF), a USD 20 million credit line supporting energy efficiency projects for households and private enterprises in the Kyrgyz Republic. Continue reading

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MICROFINANCE PUBLICATON ROUND-UP: Rural Finance in Laos, Micro-Health Insurance in Rural India, Distribution Models in Mobile Financial Services

“Rural Finance in Loas: GIZ Experience in Remote Rural Areas;” by Klaus Prochaska, Dennis Fischer, Philipp Hauger, Tony Deary; published by Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ); December 2012; 40 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.61072/Rural_Finance_in%20Laos_Paper_GIZ_2012.pdf

This report presents an analysis of the “Microfinance in Rural Areas – Access to Finance for the Poor” project, which is operated by Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), an agency of the German Government, in partnership with the Bank of Lao, the central bank of Laos. Continue reading

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MICROCAPITAL BRIEF: U’yo’olché, Fondo Mexicano para la Conservación de la Naturaleza (FMCN) Look to Carbon Credits to Finance Improved Cook Stoves to Reduce Emissions, Improve Living Standards, Promote Women’s Rights in Rural Mexico

U’yo’olché, a Mexican environmental non-governmental organization (NGO), and Fondo Mexicano para la Conservación de la Naturaleza, A.C. (FMCN), a nonprofit funder of environmental efforts, are leading an initiative to provide improved cook stoves to families in rural areas of southern Mexico with the aim of reducing wood consumption, eliminating hazardous household smoke, decreasing the risk of accidents, minimizing household expenses and promoting women’s empowerment. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Launches $100m Credit Line for Russian Residential Energy Efficiency Improvements, Center-Invest Bank Borrows $24m

The UK-based European Bank for Reconstruction and Development (EBRD) recently launched an energy efficiency credit line valued at USD 100 million to be on-lent via local private banks to benefit individual Russian households, housing associations, management companies, maintenance service providers, condominiums and energy service companies (ESCOs). Continue reading

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MICROCAPITAL BRIEF: Cambodian Microfinance Institution Hattha Kaksekar Launches SmartVista E-Payment Service from BPC

Hattha Kaksekar Limited, a Cambodian microfinance institution (MFI), recently announced its launch of SmartVista, an electronic payments solution created by Banking Production Centre (BPC) Banking Technologies, a mobile technology solutions provider with offices in Asia, Europe, Latin America and Russia. Continue reading

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MICROCAPITAL BRIEF: Multilateral Investment Fund to Invest $5.8 million in Equity in Nxtp Labs of Argentina to Support Technology Start-Ups in Latin America

The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) Group, recently approved a USD 5 million equity investment and USD 750,000 in technical assistance for Nxtp Labs, an Argentina-based company that provides seed funding for entrepreneurs in Latin America seeking to establish technology-based businesses in exchange for an equity stake worth between two and ten percent. Continue reading

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MICROCAPITAL BRIEF: US-Based Sequoia Capital Invests $2m in Equity in Electronic Payment Platform, Citrus Pay

Citrus Pay, a Mumbai-based digital payments service provider, and Ezetap Mobile Solutions, a Bangalore-based mobile payments service provider, have developed electronic payment platforms that address internet security and connectivity challenges, both of which have discouraged Indian consumers from using digital payment methods. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), G20’s Global Partnership for Financial Inclusion (GPFI) Partner to Launch Online “Women’s Finance Hub”

The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the Group of 20’s (G20’s) Global Partnership on Financial Inclusion have partnered to launch the “Women’s Finance Hub,” an online platform to help advance access to finance for women entrepreneurs. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Global Mobile Money Adoption Survey, Eye Care for El Salvador’s “Base of the Pyramid,” Financial Needs in Rwanda

“State of the Industry: Results from the 2012 Mobile Money Adoption Survey;” by Claire Penicuad; published by Global System for Mobile Communications Association’s (GSMA’s) Mobile Money for the Unbanked program; 2012; 36 pages; available at http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/MMU_State_of_industry.pdf

This report presents the results of the Global Mobile Money Adoption Survey, launched by GSMA’s Mobile Money for the Unbanked program “to allow mobile money service providers to benchmark their performance against their peers in the industry.” Continue reading

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