Category: Trends/Challenges

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: National Insurance Commission (NIC) of Ghana Targets 10% Microinsurance Penetration in Three Years

The National Insurance Commission (NIC) of Ghana, the regulatory authority for the country’s insurance industry, reportedly has announced a goal to increase penetration of the microinsurance market from the current 1 percent of the population to ten percent within three years. Continue reading

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MICROCAPITAL BRIEF: National Microfinance Bank (NMB) of Tanzania to Promote Savings for Education

The National Microfinance Bank (NMB), a microfinance institution (MFI) backed by the government of Tanzania, reportedly has launched the Financial Fitness Program (FFP) “that is aimed at promoting the culture of saving for the purpose of financing education.” Continue reading

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MICROFINANCE EVENT: European Marketing Research Center (EMRC) Presents “African Finance & Investment Forum 2012: Financial Inclusion through SMEs & Cooperatives”, June 17 – 19, 2012, Utrecht and Floriade – Venlo, Netherlands

Event Name: African Finance & Investment Forum 2012: Financial Inclusion through SMEs & Cooperatives

Event Date: June 17 – June 19, 2012

Event Location: Rabobank Headquarters, Utrecht and Floriade – Venlo, Netherlands Continue reading

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MICROCAPITAL BRIEF: Kiva Boosts Funding Raised for Microfinance Loans by $18m to $89m in 2011

Kiva, a US-based online microlending fundraiser, has released its annual report for 2011 indicating that its loans to microfinance institutions increased from USD 71 million in 2010 to USD 89.5 million in 2011. Continue reading

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MICROCAPITAL BRIEF: Chinese Government Starting Rural Financial Reform Project in Lishui

The People’s Bank of China (PBOC), China’s central banking authority, reportedly has announced a pilot program in the city ofLishuito encourage the establishment of village banks, microcredit firms and rural credit cooperatives to expand financial services for villagers and increase agricultural production. Continue reading

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MICROCAPITAL BRIEF: Microcredit Regulatory Authority of Bangladesh Revokes Licenses of 12 Microfinance Institutions, to Deploy Observers to Others

The Microcredit Regulatory Authority (MRA) of Bangladesh reportedly has announced that plans are in place to appoint administrators to observe troubled microfinance institutions (MFIs) in the country. Continue reading

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MICROFINANCE EVENT: Convergences 2015 Presents Fifth Annual “World Forum for the Millennium Development Goals”, September 19 – 21, 2012, Paris, France

Event Name: World Forum for the Millennium Development Goals

Event Date: September 19 – September 21, 2012

Event Location: Palais Brongniart and Hôtel de Ville de Paris, Paris, France 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: Fundraiser for Chinese Microfinance Institutions Wokai to Shutdown Operations

Wokai, a US-based online fundraiser for Chinese microfinance institutions (MFIs), has announced that it will shutdown operations due to “a failed search for a new CEO in combination with funding obstacles.” Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance to Cut 1,200 Jobs, Close 78 Branches in Andhra Pradesh, India

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly will terminate 1,200 of 3,400 jobs and shutdown 78 branches in the state of Andhra Pradesh. Continue reading

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MICROCAPITAL BRIEF: Microfinance Accounts for 3% of Nigeria’s GDP, says National Association of Microfinance Banks (NAMB)

The National Association of Microfinance Banks (NAMB), a trade group of microfinance banks in Nigeria, reportedly has announced that microfinance banks accounted for 3 percent of Nigeria’s gross domestic product (GDP) in 2011, which was USD 413 billion. Continue reading

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MICROCAPITAL BRIEF: Bank of Ghana (BoG) Expected to Shut Down Unlicensed Microfinance Institutions MEDLORM Microfinance Limited, African Guarantee Trust, Abbey Cash Microfinance Limited, Swift Financial Services

The Bank of Ghana (BoG), Ghana’s central bank authority, reportedly is expected to halt the operations of four unlicensed microfinance institutions (MFIs): MEDLORM Microfinance Limited, African Guarantee Trust, Abbey Cash Microfinance Limited and Swift Financial Services. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bank of Ghana (BoG) Expected to Shut Down Unlicensed Microfinance Institutions MEDLORM Microfinance Limited, African Guarantee Trust, Abbey Cash Microfinance Limited, Swift Financial Services Posted in Africa, Regulation, Risks, Trends/Challenges

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Swiss Government Sponsor Workshops for Small and Medium-sized Enterprises in Egypt

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is sponsoring a series of workshops for small and medium-sized enterprises (SMEs) in Egypt “on how to implement sound corporate governance standards to improve their performance, increase access to finance and foster sustained growth.” Continue reading

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MICROCAPITAL BRIEF: US Secretary of State Hillary Clinton Expresses Concern over Investigation of Bangladeshi Microfinance Institution Grameen Bank

US Secretary of State Hillary Clinton has expressed her support for Nobel Peace Laureate Dr Muhammad Yunus and urged the Bangladeshi government “not to undermine the independence of the Grameen Bank.” Continue reading

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MICROCAPITAL BRIEF: Microfinance Growth Slows in Andhra Pradesh, Quickens in Other Indian States

According to a statement attributed to chief executive officer Mr Alok Prasad of Microfinance Institutions Network (MFIN), a trade association of 46 Indian microfinance lenders, the microfinance sector in the Indian state of Andhra Pradesh is expected to experience reduced growth for the financial year ending on March 31. Continue reading

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MICROFINANCE EVENT: Absolute Portfolio Management’s “Developments and New Opportunities in Microfinance” Webinar, May 9, 2012

Event Name: Developments and New Opportunities in Microfinance

Event Date: May 9, 2012, 2:00 – 2:30 GMT

Event Location: Online Continue reading

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