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.
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.
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.
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.
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.
“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
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.
Event Name: SOCAP: SOUL
Event Date: November 10, 2012
Event Location: The Cathedral Church of St Paul, Boston, Massachusetts, US
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
Event Name: Client Insights: How Can Providers Listen and Learn from Their Clients?
Event Date: October 30-October 31, 2012
Event Location: Online
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).
Kenya’s government recently announced a 10-percent excise duty will be charged on fees for cash transactions executed using mobile money transfer systems.
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
Event Date: October 25, 2012, 4:00 – 4.30 p.m. Central European Summer Time
Event Location: Online
The Central Bank of Sri Lanka (CBSL) has reportedly floated a third draft of legislation to regulate microfinance institutions (MFIs) with the intent of ensuring financial stability in the sector.
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).
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.
Event Name: Impact Investing Summit: Advanced Investment Strategies for the Bottom of the Pyramid
Event Date: November 26-28, 2012
Event Location: Washington DC, USA