Category: Trends/Challenges

MICROCAPITAL BRIEF: Agence Française de Développement (AFD) Loans $12m to Enda Tamweel of Tunisia

Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe. Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Lender Equitas Holdings Goes Public, Raising $330m

Equitas Holdings Limited, an Indian microfinance lender, recently opened its primary market sale. Continue reading

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MICROCAPITAL BRIEF: Cignifi, Equifax to Generate Credit Scores Based on Mobile Phone Usage in Latin America

Cignifi, a US-based provider of information technology, and Equifax, a US-based consumer credit reporting agency, recently announced a “multi-year partnership” to offer credit scores in Latin America. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Mobile Money in Africa; Doing Business in Kyrgyzstan; Digitalization of Kenya’s Premier Credit

“Mobile Money Momentum in Four African Countries;” published by CGAP (Consultative Group to Assist the Poor); December 2015; 101 pages; available at: http://www.cgap.org/news/new-data-cgap-sets-benchmark-use-mobile-financial-services Continue reading

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MICROCAPITAL BRIEF: Afluenta Raises $8m in Series B Equity Funding from International Finance Corporation, Elevar for Peer-to-Peer Lending in Latin America

Afluenta, an Argentina-based peer-to-peer (P2P) lending platform, recently announced it closed a series B funding round totaling USD 8 million from the International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and Elevar Equity, a “development-focused” private equity fund based in India. Continue reading

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MICROCAPITAL BRIEF: Gemeinschaftsbank für Leihen und Schenken (GLS) Invests $15m in Sanad Fund for MSME to Deploy in Middle East, North Africa

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in socially responsible and ecological projects, recently invested EUR 13 million (USD 14.5 million) in Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a Luxembourg-based public-private partnership that provides debt and equity financing in the Middle East and North Africa. Continue reading

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MICROCAPITAL BRIEF: Green for Growth Fund Southeast Europe (GGF) Signs $2.2m Senior Loan Facility with ICS Total Leasing & Finance of Moldova

The Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy, recently announced that it has agreed to disburse a senior loan of EUR 2 million (USD 2.2 million) to ICS Total Leasing & Finance S.A. (TLF), a Moldova-based non-banking financial institution. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf Continue reading

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MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent. Continue reading

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MICROFINANCE EVENT: Skoll World Forum on Social Entrepreneurship; April 13-15, 2016; Oxford, United Kingdom

Event Name: The Skoll World Forum on Social Entrepreneurship

Event Dates: April 13-15, 2016

Event Location: The University of Oxford’s Said Business School; Oxford, United Kingdom Continue reading

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MICROCAPITAL BRIEF: CAF Development Bank of Latin America to Promote Billetera Movil (BIM) of Asociacion de Bancos del Peru (ASBANC)

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services. Continue reading

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MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

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MICROCAPITAL BRIEF: SimbaPay Enables Remittances to Kenya, Nigeria from 5 Additional European Countries

SimbaPay, a UK-based digital money transfer service, recently announced it is expanding its money transfer service to France, Germany, Ireland, Italy and Spain. Continue reading

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MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1]. Continue reading

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MICROCAPITAL BRIEF: Stellar, Oradian Set Up Payment Transfer Network Among Rural Nigerian Microfinance Institutions

Stellar, a US-based nonprofit technology provider, and Oradian, a Croatia-based software developer serving financial organizations in West Africa, are setting up a “payment transfer network” to connect rural Nigerian microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Mobile Phone Service Provider Tigo Tanzania Launching Tigo Nivushe Microlending Product

Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced the launch of a “nano-lending product” named Tigo Nivushe. Continue reading

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MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Provides Microfinance Label to GLS Alternative Investments-Mikrofinanzfonds (GLSMIKA), Renews Labels for 14 Investment Funds

The Luxembourg Fund Labeling Agency (LuxFLAG), a Luxembourg-based nonprofit organization that certifies the operations of investment vehicles that support microfinance and environmental initiatives, recently announced it granted its Microfinance Label for the first time. The fund is promoted by German bank Gemeinschaftsbank für Leihen und Schenken (GLS).  Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financing Necessary for SMEs to Grow; Microfinance Challenges in the Arab World; Incofin on MFIs’ Social Performance

“ADB Report: Asia SME Finance Monitor 2014;” by S. Shinozaki, T. Chaiken, S. Jain, K. Dorofev, C. T. Delos Santos and J. Bautista; published by the Asian Development Bank (ADB); September 2015; 318 pages; available at: http://www.adb.org/sites/default/files/publication/173205/asia-sme-finance-monitor2014.pdf
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