Category: Technology

MICROFINANCE EVENT: IBC Asia Presents 6th Annual “Mobile Financial Services Asia Pacific Summit 2012”, September 10 – 12, 2012, The Philippines

Event Name: Mobile Financial Services Asia Pacific Summit 2012

Event Date: September 10 – September 12, 2012

Event Location: Manila, The Philippines Continue reading

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MICROCAPITAL BRIEF: Khushhali Bank of Pakistan Takes Branches Online Allowing Customers to Be Served at Multiple Branches

Khushhali Bank, a microfinance institution (MFI) based in Pakistan, reportedly has launched an online banking system that “makes the customer of one branch, a client of the entire bank, enabling him to avail its services irrespective of location.” Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation, KfW Bankengruppe, Access Africa Fund Invest in Mobile Microfinance Institution Musoni Kenya

Grameen Foundation, a US-based nonprofit that aims to help poor people access business opportunities and financial and information services; KfW Bankengruppe, the German development bank; and the Access Africa Fund, a US-based for-profit limited liability company launched by nonprofit CARE International, have each purchased a 25-percent stake in Musoni Kenya, a Kenyan MFI that provides financial services via mobile phone. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Launches $45m Credit Framework to Increase Household Energy Efficiency in Moldova

The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in England, recently launched a EUR 35 million (USD 44.7 million) program called the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF) to assist Moldovan households in reducing household energy usage and costs. Continue reading

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MICROCAPITAL BRIEF: Wincor Nixdorf Deploys Automated Teller Machines (ATMs) in Bangladesh

Wincor Nixdorf, a Germany-based information technology (IT) provider reportedly has announced it is supplying banks in Bangladesh with automated teller machine (ATM) technology in an effort to increase access to financial services via the self-service channel. Continue reading

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MICROCAPITAL BRIEF: MicroScore From MicroNed Measures Success of Microfinance Institution Capacity Building Programmes

MicroNed, a network of Dutch organizations involved in microfinance, has introduced MicroScore, a tool intended to help microfinance institutions (MFIs) and cooperatives assess themselves before, during, and after conducting capacity building programmes. MicroScore measures the following four performance ratios: governance, institutional, financial performance management, and services and social performance management. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financial Behavior in Latin America; Microfinance Reporting Technology; Evaluation of India’s Kshetriya Gramin Financial Services (KGFS)

“The Financial Behavior of Rural Residents: Findings from Five Latin American Countries;” by Jacqueline Urquizo; published by Accion; March 2012; 45 pages; available at: http://centerforfinancialinclusionblog.files.wordpress.com/2012/03/the-financial-behavior-of-rural-residents_march-2012.pdf Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation India Launches Newest Version of Progress Out of Poverty Index

Grameen Foundation India, a subsidiary of the US-based Grameen Foundation that promotes access to microfinance and technological services, has launched an iteration of the Progress Out of Poverty Index (PPI), a tool that measures poverty levels of groups and individuals, for India. Continue reading

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MICROCAPITAL BRIEF: Citi to Buy 1.1m Tons of Carbon Credits from MicroEnergy Credits, Offsetting Cost of Efficient Heaters Financed by Mongolian Microfinance Institution XacBank

Citi Microfinance, a subsidiary of US-based Citibank that supports microfinance institutions (MFIs), and Citibank’s Environmental Products Trading and Organization Team recently announced a plan to buy 1.17 million metric tons of carbon credits from MicroEnergy Credits (MEC), a US-based for-profit firm that assists MFIs in launching clean-energy lending programs. Continue reading

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MICROCAPITAL BRIEF: Infinity Microfinance Bank of Nigeria Distributes Point of Sale Terminals to Loan Officers to Cut Fraud

Infinity Microfinance Bank, a Nigeria-based microfinance institution (MFI), reportedly has distributed 80 point-of-sale (PoS) terminals among its loan officers to reduce the rate of fraud by loan officers who sometimes pocket loan payments without recording them. Continue reading

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