Category: Trends/Challenges

MICROFINANCE EVENT: CGAP (Consultative Group to Assist the Poor) Hosts Virtual Conference “Understanding Multiple Borrowing and Avoiding Over-indebtedness Among Clients,” January 12 and 13, 2012

Event Name: Understanding Multiple Borrowing and Avoiding Over-indebtedness Among Clients

Event Date: January 12 – 13, 2012

Event Location: Online Continue reading

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MICROCAPITAL BRIEF: Stymied by Local Regulation, Microfinance Institutions (MFIs) based in India’s Andhra Pradesh Expand Into Northern States

Following the enactment of the Regulation of Microlending Act in October 2010 by government of the Indian state of Andhra Pradesh (AP), which requires government approval of each microloan, microfinance institutions (MFIs) based in AP have began expanding into northern India. Continue reading

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MICROCAPITAL BRIEF: Smart Campaign Calls for Input on Microfinance Client Protection Certification Program

The Smart Campaign, an initiative to improve accountability regarding client protection in the microfinance industry, has called for public input on its Client Protection Certification Program, which has been under development since June 2010. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), India’s Microfinance Institutions Network (MFIN) Promote Reporting to Credit Information Bureau

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Microfinance Institutions Network (MFIN), a self-regulatory organization of Indian microfinance institutions, are working together to encourage microfinance institutions to start reporting to the country’s Credit Information Bureau, which is intended to promote responsible lending. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Group Versus Individual Lending in Mongolia, “State of the Practice” of Client Protection, Uganda “Triple Partnership” Case Study

Group lending or individual lending? Evidence from a randomised field experiment in Mongolia” by Orazio Attanasio, Britta Augsburg, Ralph De Haas, Emla Fitzsimons, Heike Harmgart; published by the European Bank for Reconstruction and Development (EBRD); December 2011; 48 pages; available at: http://www.ebrd.com/downloads/research/economics/workingpapers/wp0136.pdfContinue reading

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MICROCAPITAL BRIEF: Nepal to Introduce Microinsurance Fund, Deems Work of NGOs Offering Microinsurance “Illegal” Unless Working with Licensed Insurance Companies

The Nepalese government is instituting a microinsurance fund that will “reinsure” products sold by insurers to “divert risk created by settlement of insurance claims” [1]. Continue reading

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MICROFINANCE PAPER WRAP-UP: Poverty, Income Inequality, and Microfinance in Thailand; By Kelly Bird, Kelly Hattel, Eiichi Sasaki and Luxmon Attapich; Published by the Asian Development Bank

By Kelly Bird, Kelly Hattel, Eiichi Sasaki and Luxmon Attapich; Published by the Asian Development Bank; November 2011; 23 pages; available at http://beta.adb.org/sites/default/files/poverty-income-inequality-microfinance-thailand.pdf Continue reading

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MICROCAPITAL BRIEF: Fondazione Giordano Dell’Amore, European Microfinance Network Announce Giordano Dell’Amore Microfinance Good Practices Europe Award

Fondazione Giordano Dell’Amore, an Italian foundation, and the European Microfinance Network (EMN) have announced the fourth edition of the Giordano Dell’Amore Microfinance Good Practices Europe Award, which aims to increase the understanding of microfinance and promote the sharing of good practices among industry players in Europe. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Too Much Microcredit? A Survey of the Evidence on Over-Indebtedness;” by Jessica Schicks, Richard Rosenberg; Published by CGAP (Consultative Group to Assist the Poor)

By Jessica Schicks and Richard Rosenberg, published by CGAP (Consultative Group to Assist the Poor), September 2011, 44 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.55377/ Continue reading

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MICROCAPITAL BRIEF: Center for Financial Inclusion Releases “Over-Indebtedness of Microborrowers in Ghana” by Jessica Schicks

The Center for Financial Inclusion (CFI), an affiliate of US-based nonprofit ACCION International, recently released a report on “Over-Indebtedness of Microborrowers in Ghana,” which explores the gap between providers’ and clients’ perceptions of indebtedness [1]. Continue reading

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MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas: Filipino Microfinance Borrowing Increases to $170m

Bangko Sentral ng Pilipinas (BSP), the Filipino central bank, reportedly has announced that microfinance borrowing in the country has increased from PHP 6.5 billion (USD 151.7 million) in 2010 to PHP 7.3 billion (USD 170.3 million) as of November 2011. This includes data from 202 microfinance institutions in the country, mostly based in and around the Manila metropolitan area.The total number of borrowers at these institutions has increased from 932,622 in 2010 to 979,353.  Continue reading

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MICROCAPITAL BRIEF: Co-operative Bank of UK Launches “Global Development Co-operative” Initiative to Finance Coops in Developing Countries in Runup to 2012, UN International Year of Cooperatives

The Co-operative Bank, a unit of UK-based consumer cooperative The Co-operative Group, has launched an initiative named Global Development Co-operative (GDC) to provide finance to cooperatives in developing countries [1]. Continue reading

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MICROCAPITAL BRIEF: Microfinance Bank Compartamos of Mexico Seeking Acquisitions in Microinsurance, Mobile Banking Arenas

Mr Fernando Alvarez Toca, chief executive officer of the Mexican microfinance bank Compartamos Banco, reportedly has said that the bank is seeking to venture into “alternative products” such as microinsurance and mobile banking during 2012 either “through acquisitions in different countries or through organic growth” [1]. Continue reading

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MICROCAPITAL BRIEF: Alliance for Financial Inclusion’s Global Policy Forum Concludes with Signing of Maya Declaration on Financial Inclusion

The Alliance for Financial Inclusion (AFI), a Thailand-based network of policymakers that works towards increasing access to financial services for poor people, concluded its Global Policy Forum in Mexico recently with representatives of central banks and financial regulators from developing countries signing the Maya Declaration on Financial Inclusion [1]. Continue reading

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