Category: Transparency

MICROFINANCE PAPER WRAP-UP: “The Challenge of Understanding Pricing of Micro-loans,” by Chuck Waterfield, Published by MicroFinance Transparency

By Chuck Waterfield, Published by MicroFinance Transparency, June 2011, 10 pages, http://www.microfinancegateway.org/gm/document-1.1.9115/The-Challenge-of-Understanding-Pricing-of-Micro-Loans_Jun2011_ENG.pdf. Continue reading

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MICROCAPITAL BRIEF: Rating Agency CRISIL Upgrades Indian Microfinance Institutions Ujjivan, Equitas, Janalakshmi

The Indian rating agency Credit Rating and Information Services of India Limited (CRISIL) has upgraded the ratings of Indian microfinance institutions (MFIs) Equitas Micro Finance India Private Limited and Ujjivan Financial Services from BBB- to BBB, a level that indicates a moderate level of safety [1] [2]. Continue reading

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MICROCAPITAL BRIEF: Pakistan Poverty Alleviation Fund (PPAF), Pakistan Microfinance Network (PMN) Launch MicroEYE Information Mapping Tool

The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership, and the Pakistan Microfinance Network (PMN), a network of 20 microfinance providers in Pakistan, have launched MicroEYE, a tool that maps the competitive landscape of microfinance in Pakistan. Continue reading

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MICROCAPITAL BRIEF: As Ghanaian Microfinance Grows, Some Express Need for Lower Interest Rates, More Transparency

As the number of microfinance institutions (MFIs) in Ghana has grown over the last five years, there have been mixed reviews of the impact of microfinance. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: As Ghanaian Microfinance Grows, Some Express Need for Lower Interest Rates, More Transparency Posted in Africa, Transparency

MICROCAPITAL BRIEF: Reserve Bank of India to Issue Guidelines For Interoperability Among Business Correspondents “Shortly”

The Reserve Bank of India (RBI) is working to enable interoperability among business correspondents (BCs) to promote financial inclusion in rural areas [1]. Continue reading

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MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Awards First Microfinance Label to Azure Global Microfinance Fund, responsAbility Financial Inclusion Fund

The Luxembourg Fund Labeling Agency (LuxFLAG), an organization aiming to increase transparency for investors wishing to make responsible investments in the fields of microfinance and the environment, has recently given the LuxFLAG Microfinance Label to two Swiss microfinance investment vehicles (MIVs) for the first time: the Azure Global Microfinance Fund SICAV-SIF and responsAbility SICAV Financial Inclusion Fund. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Awards First Microfinance Label to Azure Global Microfinance Fund, responsAbility Financial Inclusion Fund Posted in Transparency

MICROCAPITAL BRIEF: Center for Latin American Monetary Studies (CEMLA), Multilateral Investment Fund (MIF), World Bank Launch Envia Centro America to Promote Transparency in Remittance Activity

The Center for Latin American Monetary Studies (CEMLA in Spanish), a Mexico-based association of Latin American central banks; the Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank Group; and the World Bank recently launched Envía Centro America, a free online tool that allows users to compare the cost and speed of sending remittances from the United States to seven Latin American countries, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and the Dominican Republic, as well as from Costa Rica to Nicaragua. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Center for Latin American Monetary Studies (CEMLA), Multilateral Investment Fund (MIF), World Bank Launch Envia Centro America to Promote Transparency in Remittance Activity Posted in Latin America, Technology, Transparency

MICROCAPITAL BRIEF: Mexico, Indonesia, Haiti Use Tiered Savings Account Requirements to Promote Financial Inclusion

Mexico, Indonesia and Haiti are responding to the challenge of balancing financial access with security by creating tiered requirements for savings accounts. Continue reading

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MICROFINANCE PAPER WRAP-UP: Global Microscope on the Microfinance Business Environment 2011

By the Economist Intelligence Unit, funded by The Multilateral Investment Fund, Corporación Andina de Fomento and the International Finance Corporation, October 2011, 72 pages, available at: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=36453519.

This paper examines the microfinance business environments in 55 countries, comparing them across three categories: supporting institutional framework, political stability, and regulatory framework and practices. It is the fifth annual paper in the series, covering the 12-month period through June 2011. The research comprises data collected in 21 countries of Latin America and the Caribbean, 11 countries of Sub-Saharan Africa, seven of Eastern Europe and Central Asia, seven of East Asia, five of South Asia and four of the Middle East and North Africa. Continue reading

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MICROCAPITAL BRIEF: European Sustainable Investment Forum’s (EUROSIF’s) European SRI Transparency Code Attracts 350 Signatories

The European SRI Transparency Code, a document outlining guidelines for maintaining the transparency of socially responsible investing (SRI), has attracted approximately 350 signatories. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Sustainable Investment Forum’s (EUROSIF’s) European SRI Transparency Code Attracts 350 Signatories Posted in Transparency

MICROCAPITAL BRIEF: Credit Bureau Cambodia Launched to Facilitate Information Sharing Among Banks, Microfinance Institutions

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA), two trade associations with a combined membership of 64 financial institutions, have formed a joint venture with New Zealand-based credit bureau developer Veda Advantage to launch the Credit Bureau (Cambodia) Company Limited (CBC), which will maintain a database of credit information intended to help banks and microfinance institutions (MFIs) in making “accurate loan decisions based on borrower’s positive and negative credit history” [1]. Continue reading

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MICROCAPITAL BRIEF: Development Seed, Key2Flex Offer Geospatial Technology Services to Analyze Availability of Financial Services in Developing Countries

Geospatial mapping is being used to show the geographic distribution of banks, automated teller machines (ATMs) and banking agents in relation to low-income and other population groups, thus giving an indication of the accessibility of financial services to those groups. Continue reading

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MICROCAPITAL BRIEF: Microfinance CEO Working Group Issues Road Map for Microfinance Industry Promoting Smart Campaign, Microfinance Transparency, Social Performance Task Force

A group of eight CEOs of nonprofit microfinance organizations has issued a “Road Map for the Microfinance Industry: Focusing on Responsible and Client-Centered Microfinance.” Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance CEO Working Group Issues Road Map for Microfinance Industry Promoting Smart Campaign, Microfinance Transparency, Social Performance Task Force Posted in Key Players, Regulation, Transparency

MICROCAPITAL BRIEF: K-Rep Bank of Kenya Spends $600k on Temenos IT System to Integrate Branch Data

K-Rep Bank, a Kenyan commercial bank focused on providing services to poor people, has spent an estimated KES 50 million (USD 582,000) to upgrade to a software system from Switzerland’s Temenos called “T24 for Microfinance and Community Banking” [1].  Continue reading

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MICROCAPITAL BRIEF: Microfinance Investment Vehicle Certification Organization Luxembourg Fund Labelling Agency (LuxFLAG) Accepting Applications for Environment Label

The Luxembourg Fund Labelling Agency (LuxFLAG), a microfinance investment vehicle (MIV) and environment-related investment vehicle (EIV) certification organization, has launched a request for applications for the second LuxFLAG Environment Label, which is granted to EIVs in an effort to “reassure investor[s] that labeled investment funds actually invest the majority of their assets in environment-related sectors in a responsible manner” [1]. Continue reading

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MICROCAPITAL BRIEF: MFTransparency Releases Microloan Pricing Report on Ethiopia’s Microfinance Industry

MFTransparency, a US-based nongovernmental organization that aims to provide clear information on credit products and pricing, recently released the report from its Transparent Pricing Initiative in Ethiopia which was launched in September 2011 [1]. Continue reading

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