MICROCAPITAL BRIEF: Global Initiative Microfinance Bank (GIMFB) of Nigeria Turns to Group Lending to Cut Default Rate

The Global Initiative Microfinance Bank Limited (GIMFB), a Nigerian microfinance bank (MFB), reportedly has released two new products with the aim of minimizing bad debt: GIMFB village banking and GIMFB medal deposit accounts.

MICROCAPITAL BRIEF: SME Business Support Fund, Kashf Microfinance Bank Partner

SME Business Support Fund, a nonprofit organisation that assists small and medium-sized enterprises (SMEs) as well as business development service providers (BDSPs), recently partnered with Kashf Microfinance Bank in an effort to create viable business support models that will encourage self employment in Pakistan.

MICROCAPITAL BRIEF: European Microfinance Network Accepting Proposals To Present On “Microfinance as a Tool of Active Ageing”

The European Microfinance Network (EMN), a France-based NGO whose mission is to promote microfinance, microentrepreneurship and self employment to fight social and economic exclusion, recently announced plans to hold a debate on the topic “Microfinance as a tool of active ageing” on December 14, 2012, in Brussels.

MICROCAPITAL BRIEF: Grameen Koota of India Looks to Expand into Housing Microfinance

Grameen Koota, a India-based microfinance division of Grameen Financial Services Private Limited (GFSPL), plans to expand into housing microfinance in areas of rural India that have limited microfinance institution (MFI) penetration.

MICROCAPITAL BRIEF: FinScope Rwanda Survey Indicates Rise in Rural Lending Penetration to 58%, Reaches Savings to 68%

FinMark Trust, a South African  nonprofit, recently released the FinScope Rwanda report titled “Financial Inclusion in Rwanda 2008-2012”, which indicates a growing demand for loans in rural Rwanda.

MICROFINANCE PUBLICATION ROUND-UP: Analysis of Microfinance Investment Vehicles; Female Microfinance Clients in Pakistan; Life Microinsurance in the Philippines

“The State of Microfinance Investment 2012: MicroRate’s 7th Annual Survey and Analysis of MIVs;” published by MicroRate; October 2012; 17 pages; available at: http://www.microrate.com/downloads/78

MICROCAPITAL BRIEF: South Africa Proposes “Twin Peaks” Financial Regulation System

At a conference in Cape Town, South Africa, hosted by the Alliance of Financial Inclusion (AFI), a nonprofit Thailand-based network of financial policymakers aimed at increasing access to financial services, South African Finance Minister Pravin Gordhan announced that his country is considering the implementation of a “Twin Peaks” regulation system in an effort to foster financial inclusion, strengthen consumer protection, combat financial crime, promote financial education efforts and increase the accessibility of financial services.

MICROFINANCE EVENT: Baker & McKenzie Hosts Discussion on Impact of Microfinance, New York, USA, October 30, 2012

Event Name: Microfinance: Measuring and Maximizing Impact

Event Date: October 30, 2012

Event Location: Baker & McKenzie LLP, 1114 Avenue of the Americas, 4th Floor, New York, USA

MICROFINANCE EVENT: CGAP, MicroSave Host Virtual Conference on “Client Insights: How Can Providers Listen and Learn from Their Clients”, October 30-31, 2012

Event Name: Client Insights: How Can Providers Listen and Learn from Their Clients?

Event Date: October 30-October 31, 2012

Event Location: Online

MICROCAPITAL BRIEF: Government Savings Bank of Thailand Expands Microfinance Services in Border Areas

Government Savings Bank (GSB), a government-owned bank providing personal and corporate services in Thailand, reportedly plans to offer new microfinance products and otherwise expand services in advance of the anticipated 2015 launch of the Association of South East Asian Nations (ASEAN) Economic Community (AEC).

MICROFINANCE EVENT: HBS-Accion Program on Strategic Leadership For Microfinance, Harvard Business School, Boston, Massachusetts, USA, April 1-April 6, 2013

Event Name: HBS-Accion Program on Strategic Leadership for Microfinance

Event Date: April 1 – April 6, 2013

Event Location: Harvard Business School, Cambridge, Massachusetts, USA

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $18m in Equitas Microfinance India, Private Equity Funds Looking to Invest in Indian Microfinance Institutions

The International Finance Corporation, a member of the World Bank Group, reportedly has proposed investing INR 1 billion (USD 18.9 million) in Equitas Microfinance India, an Indian microfinance institution (MFI).

MICROCAPITAL BRIEF: Central Bank of Kenya May Give Microfinance Institutions Access to Credit Reference Bureau

The Kenya Bankers Association (KBA), which promotes the interests of its 43 member banks, and the Central Bank of Kenya (CBK) are reportedly working on possible regulation changes that would allow microfinance institutions (MFIs) to access customer data at the country’s Credit Reference Bureau.