Category: Trends/Challenges

MICROCAPITAL BRIEF: Telefonica’s “mWallet” to Enable Mobile Payments in South America, Europe

Spanish telecommunications company Telefonica and Sybase 365, a division of German software firm SAP, reportedly are developing mWallet, a mobile wallet that will “allow Telefonica’s 300 million customers in 26 countries around the world make mobile financial transactions.” Continue reading

Share

MICROFINANCE EVENT: Terrapinn Holdings Limited African Investment Summit, March 19 – 21, 2012, One Whitehall Place, London, UK

Event Name: African Investment Summit

Event Date: March 19 to March 21, 2012

Event Location: One Whitehall Place, London, UK Continue reading

Share

MICROCAPITAL BRIEF: International Finance Corporation (IFC), KfW Bankengruppe, German Federal Ministry of Economic Cooperation and Development (BMZ) to Invest $100m in Micro Finance Initiative for Asia (MIFA)

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly plans to set up the Micro Finance Initiative for Asia (MIFA), a Luxembourg-based USD 100 million microfinance debt fund. Continue reading

Share

MICROFINANCE PAPER WRAP-UP: “The Challenge of Understanding Pricing of Micro-loans,” by Chuck Waterfield, Published by MicroFinance Transparency

MICROCAPITAL BRIEF: SKS Microfinance Borrows $20m from Small Industries Development Bank of India (SIDBI), Focuses Efforts Outside Andhra Pradesh

SKS Microfinance Limited (SKS), an Indian microfinance institution (MFI), reportedly has obtained a loan of INR 1 billion (USD 20.1 million) from the government-backed Small Industries Development Bank of India (SIDBI), a loan wholesaler to MFIs in India. Continue reading

Share

MICROCAPITAL BRIEF: Benefit Corporation Type Allows Companies to Balance Societal Benefit, Profits

Laws now exist in seven US states recognizing a form of organization called “benefit corporations” (B-corps), which aim to balance societal and financial benefit. Continue reading

Share

MICROCAPITAL BRIEF: Grameen America to Open Additional Branches in California, Michigan and Nebraska

Muhammad Yunus, founder of Grameen Bank of Bangladesh, has reportedly announced that Grameen America, a nonprofit microfinance institution (MFI) based in the US state of New York City, will open additional branches in California, Michigan and Nebraska. Continue reading

Share

MICROCAPITAL BRIEF: Cambodian Microfinance Association (CMA) Announces Payment, Interest, Collateral Waivers by Microlenders to Support Flood Victims

Cambodia’s microfinance industry reportedly has announced measures to assist its borrowers that were affected by floods between September and November 2011. Continue reading

Share

MICROCAPITAL BRIEF: Nigeria Deposit Insurance Corporation (NDIC) Appoints Debt Recovery Agents to Seek Repayments Owed Microfinance Institutions in Liquidation

The Nigeria Deposit Insurance Corporation (NDIC), an agency of the federal government of Nigeria, has reportedly appointed debt recovery agents (DRAs) for microfinance banks (MFBs) in liquidation to recover “debts owed to the 103 closed MFBs nationwide.” Continue reading

Share

MICROCAPITAL BRIEF: Bangladeshi Microfinance No Longer Dominated by Group Loans to Women, Inflexible Product Lineup

The work of microfinance institutions (MFIs) in Bangladesh was originally dominated by the original model implemented by the Grameen Bank, an MFI founded in 1976 by Dr Muhammad Yunus. Continue reading

Share

MICROCAPITAL BRIEF: Capgemini Group, MicroWorld Launch Digital Microfinance Platform

French information technology company Capgemini Group and MicroWorld, an internet-based microfinance intermediary and member of the French PlaNet Finance Group, have launched a digital microfinance platform that “allows individuals and companies to lend small sums of money to finance micro-entrepreneurs who are unable to access traditional banking services.” Continue reading

Share

MICROFINANCE PAPER WRAP-UP: The Debate on Outreach & Impact: What do We Know and How do We Know It, by David S. Gibbons, Published by Global Microcredit Summit

By David S. Gibbons, Commissioned Workshop Paper, 2011 Global Microcredit Summit, June 2011, 16 pages, available at: http://www.microfinancegateway.org/p/site/m/template.rc/1.1.13634?cid=PSD_MFGatewayBulletinEN_W_EXT Continue reading

Share
Written by Comments Off on MICROFINANCE PAPER WRAP-UP: The Debate on Outreach & Impact: What do We Know and How do We Know It, by David S. Gibbons, Published by Global Microcredit Summit Posted in Trends/Challenges

MICROCAPITAL BRIEF: Central Bank of Sudan (CBOS) to Pay Salaries of New Graduates Employed in Microfinance Sector for Two Years

The Central Bank of Sudan (CBOS) reportedly announced that for two years it will pay the salaries of up to 1,000 new graduates entering employment in the microfinance sector. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Central Bank of Sudan (CBOS) to Pay Salaries of New Graduates Employed in Microfinance Sector for Two Years Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Lacking Credit Bureau, Zimbabwean Microfinance Struggles With Consumer Protection

Zimbabwean Reserve Bank Governor Gideon Gono has reportedly cited various problems affecting the Zimbabwe microfinance sector, including the absence of a credit reference bureau for the 157 licensed microfinance institutions (MFIs) in the country. Continue reading

Share

MICROFINANCE EVENT: Africa Information and Communications Technology Exhibition and Conference (AITEC) Banking & Mobile Money – Common Market for Eastern and Southern Africa (COMESA), Nairobi, Kenya, March 7-8, 2012

Event Name: Africa Information and Communications Technology Exhibition and Conference (AITEC) Banking & Mobile Money – Common Market for Eastern and Southern Africa (COMESA) 2012

Event Date: March 7 – March 8, 2012

Event Location: Kenyatta International Conference Centre (KICC), Nairobi, Kenya Continue reading

Share
Written by Comments Off on MICROFINANCE EVENT: Africa Information and Communications Technology Exhibition and Conference (AITEC) Banking & Mobile Money – Common Market for Eastern and Southern Africa (COMESA), Nairobi, Kenya, March 7-8, 2012 Posted in Africa, Events, Technology, Trends/Challenges

MICROFINANCE EVENT: Making Cents International Hosts 2012 Global Youth Economic Opportunities Conference, September 11-13, 2012, Inter-American Development Bank’s Conference Center, Washington, DC

Event Name: 2012 Global Youth Economic Opportunities Conference

Event Date: September 11 – September 13, 2012

Event Location: Inter-American Development Bank’s Conference Center, Washington, DC, United States of America Continue reading

Share
Written by Comments Off on MICROFINANCE EVENT: Making Cents International Hosts 2012 Global Youth Economic Opportunities Conference, September 11-13, 2012, Inter-American Development Bank’s Conference Center, Washington, DC Posted in Events, Trends/Challenges