Category: Technology

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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MICROCAPITAL BRIEF: DIMOCO Expands Corporate Mobile Payment Services to Albania, Montenegro, Bosnia-Herzegovina and Kosovo

DIMOCO (Direct Mobile Communications), an Austria-based mobile technology company, recently announced that it has expanded its billing services to Albania, Montenegro, Bosnia-Herzegovina and Kosovo, bringing to 23 the number of countries in which it offers mobile billing services. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Agent Banking in Latin America,” by the National Banking and Securities Commission (CNBV) of Mexico and Celina Lee, published by the Alliance for Financial Inclusion

By the National Banking and Securities Commission of Mexico and Celina Lee, published by the Alliance for Financial Inclusion, February 2012, 19 pages, available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.1.14613 Continue reading

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MICROCAPITAL BRIEF: Bamboo Finance, ZS Associates Co-Founder Invest $4m in Equity in Greenlight Planet to Boost Research, Distribution Network of LED Lamps in Rural India

Bamboo Finance, a Switzerland-based investment firm, and Dr PK Sinha, co-founder of US-based consulting firm ZS Associates, recently invested a total of INR 206 million (USD 4 million) in equity in Greenlight Planet, an Indian company that aims to provide “low-cost” energy products to low-income households in emerging markets. Continue reading

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MICROCAPITAL BRIEF: Mobile Handset Initiated Transactions (mHITs) of Australia Expands Remittance Service to the Philippines

Australian micropayment service provider Mobile Handset Initiated Transactions (mHITs) announced that it has partnered with micropayment service provider GCash to deploy an “international remittance corridor to the Philippines” that allows account holders in Australiato send funds to mobile wallet users in the Philippines. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Small-Scale Solar Power Projects, Health Worker Preferences for Insurance Payment Mechanisms, Effects of Microinsurance on Poor People in Vietnam

“Global Trends in Renewable Energy Investment 2011;” by Angus McCrone, et al; published by United Nations Environment Programme (UNEP), Bloomberg New Energy Finance, Frankfurt School UNEP Collaborating Centre for Climate & Sustainable Energy Finance; July 2011; 61 pages; available at:
http://www.fs-unep-centre.org/publications/global-trends-renewable-energy-investment-2011 Continue reading

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