Category: Trends/Challenges

MICROCAPITAL BRIEF: Informal Savings in Rural Rwanda through Voluntary Savings and Loan Scheme Reaches $3.18m

NGO CARE Rwanda, a branch of Swiss relief agency CARE International (CARE), reportedly stated that the amount of rural informal savings have reached approximately RWF 1.9 billion (USD 3.18 million) as part of its Voluntary Savings and Loan (VSL) scheme targeting Rwanda’s unbanked population. Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Completes Securitization Deal Totaling $63m

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly has raised INR 321 crore (USD 63 million) from four undisclosed banks “by selling securities backed by pools of loans to woman borrowers outside its home state of Andhra Pradesh.” Continue reading

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MICROCAPITAL BRIEF: Russia’s Microfinance Sector Doubles Growth to 32% in 2011, Default Rate Stands at 7%

Microfinance institutions (MFIs) in Russia reportedly disbursed loans of approximately RUR 29 billion (USD 1 billion) to individual borrowers in 2011, representing a 32.2-percent increase from 2010. Continue reading

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MICROCAPITAL BRIEF: GABV Report: Microfinance Institutions, “Values-Based” Banks Stronger than Mainstream Banks

The Global Alliance for Banking on Values (GABV), a nonprofit network of 15 “values-based” banks, released a report it commissioned at its recent annual conference in the Canadian city of Vancouver, British Columbia, suggesting that values-based banks (VBBs), banks that prioritize social progress, are financially stronger than mainstream banks. Continue reading

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MICROFINANCE EVENT: Sixth Annual University of Pennsylvania Microfinance Conference, “Microfinance 2.0: An Agenda for Revival”, March 24, 2012, Philadelphia, USA

Event Name: Sixth Annual Penn Microfinance Conference “Microfinance 2.0: An Agenda for Revival”

Event Date: March 24, 2012

Event Location: Jon M Huntsman Hall, The Wharton School, University of Pennsylvania, 3730 Walnut Street, Philadelphia, Pennsylvania, USA Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Sixth Annual University of Pennsylvania Microfinance Conference, “Microfinance 2.0: An Agenda for Revival”, March 24, 2012, Philadelphia, USA Posted in Events, Key Players, Trends/Challenges

MICROCAPITAL BRIEF: Islamic Microfinance Loan Activity in Bangladesh Grows to $565m, 450k Borrowers

The Bangladesh Bank (BB), the central bank of the country, has announced that Islamic microfinance loan activity in Bangladesh has increased from BDT 282 crore (USD 34.5 million) in 2009 to BDT 4,620 crore (USD 565 million) in December 2011, representing an increase from 0.93 percent to 8.38 percent of total Islamic financing. Continue reading

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MICROCAPITAL BRIEF: Bank of Ghana (BOG) Pursues Tighter Regulation, Enforcement of Microfinance Sector

The Bank of Ghana (BOG) reportedly has called on microfinance institutions (MFIs) to apply for operational licenses and operate by national bank rules. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Peru as a Model for Microfinance Regulation; M-Pesa Mobile Banking E-book; and Geographic Analysis of Thai Enterprise

“Research Insight: Peru – Model Market for Microfinance;” by Christian Etzensperger; published by responsAbility Social Investments; March 2012; 9 pages; available at: www.responsability.com/domains/responsability_ch/data/free_docs/Research_Insight_Acces_to_Finance_in_Peru_EN.pdf Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Indian Microfinance, Treating Colombian Clients with Respect, and Expanding Microinsurance

“Indian Microfinance: Looking Beyond the AP Act and its Devastating Impact on the Poor;” published by Legatum Ventures; March 2012; 17 pages; available at: http://www.legatumventures.com/ Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Responds To Associated Press Article on Suicides in Andhra Pradesh, Calls Allegations “Baseless”

In reference to the report ‘Lender’s own probe links it to suicides,’ by US-based news service Associated Press (AP), Indian microlender SKS Microfinance, has issued a statement expressing that the allegations that its lending practices may have contributed to customer suicides are “baseless” and simply re-state earlier allegations from 1.5 years prior. Continue reading

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MICROCAPITAL BRIEF: ING Bank: Global Microfinance Market Expected to Grow 4% to Reach $81b in 2012

According to a March 2012 report, “A Billion to Gain: Dutch Contributions to the Microfinance Sector”, by the economic desk of Dutch ING Bank, the global microfinance market is expected to grow by four percent in 2012 reaching a total equivalent to USD 80.5 billion. Continue reading

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MICROCAPITAL BRIEF: Uganda Cooperative Savings and Credit Union Limited (UCSCU) May Defer Repayment Requirements After Fire Destroys Market

The Uganda Savings and Credit Union Limited (UCSCU), an umbrella body of 1,000 savings and credit cooperatives (SACCOs), reportedly is considering concessionary moves in an effort to recover funds from a government-sponsored UGX 700 million (USD 284,000) loan that UCSCU on-lent to local vendors in Nakivubo Park Yard. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Uganda Cooperative Savings and Credit Union Limited (UCSCU) May Defer Repayment Requirements After Fire Destroys Market Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: MasterCard to Launch Mobile Phone-based Financial Services Worldwide

US-based financial services corporation MasterCard International reportedly plans to launch the MasterCard Mobile Money Partnership Program worldwide “to give consumers who lack access to traditional financial services the ability to purchase goods and services using mobile phones” and allowing them to “transfer funds and pay bills.” Continue reading

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MICROCAPITAL BRIEF: Government Overlap, Taxes Concern Indian Micro-, Small and Medium-sized Enterprises (MSMEs)

Micro-, small and medium-sized enterprises (MSMEs) in India cite “multiple taxes and the need for compliance with multiple government departments” as key challenges. Continue reading

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MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Requires SKS Microfinance to Lend Only Outside Andhra Pradesh

Small Industries Development Bank of India (SIDBI), a governmental loan wholesaler to microfinance institutions (MFIs) in India, has reportedly required that SKS Microfinance Limited (SKS), an Indian MFI, use proceeds of a recent SIDBI loan for on-lending outside of the state of Andhra Pradesh [1]. Continue reading

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MICROFINANCE EVENT: Affordability, Profitability and Use of Electronic G2P Payment Systems, March 14, 2012, Online Chat

Event Name: Affordability, Profitability and Use of Electronic G2P Payment Systems

Event Date: 11:00 am to 11:30 am eastern US time, March 14, 2012

Event Location: Online Continue reading

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MICROCAPITAL BRIEF: Imp-Act Consortium, Social Performance Management Network Seek Microfinance Elements Adding Most Value for Clients

Imp-Act Consortium, a UK-based network of microfinance organizations interested in social performance management, has launched an initiative to discover: “What works for clients?”. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Building Livelihoods. A Field Manual for Practitioners in Humanitarian Settings – Microfinance Interventions”, Published by The Women’s Refugee Commission

By The Women’s Refugee Commission, May 2009, 36 pages, available at: http://www.womensrefugeecommission.org/docs/livelihoods_manual.pdf

This report describes the benefits of providing microfinance programs to displaced people as well as the potential mistakes of poorly planned interventions. It also recommends ways of including age-, gender-, ability- and conflict-sensitive approaches in such microfinance programs. Finally, it provides resources for developing interventions, mapping the needs of a targeted population and creating guidelines for monitoring and evaluation. This summary focuses on the “Microfinance Interventions” chapter of the report, which is part of the livelihood interventions section of the report. The two other sections of the manual are: non-intervention guidance and “Tools and Approaches”.

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Written by Comments Off on MICROFINANCE PAPER WRAP-UP: “Building Livelihoods. A Field Manual for Practitioners in Humanitarian Settings – Microfinance Interventions”, Published by The Women’s Refugee Commission Posted in Trends/Challenges