Category: Trends/Challenges

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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MICROCAPITAL BRIEF: Bank of Ghana (BOG) Receives 300 Microfinance License Applications

The Bank of Ghana (BOG) reportedly has received approximately 300 applications “from firms seeking to operate under the second tier of the regulated microfinance institutions.” Continue reading

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MICROCAPITAL BRIEF: Afghani Microfinance Organizations, Pakistan’s Khushhali Bank Mull Collaboration

At a recent meeting, microfinance officials from Afghanistan and Pakistan opined that working together to develop and promote financial infrastructure that supports microfinance could benefit the two countries. Continue reading

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MICROFINANCE EVENT: Everest Leadership Training “2012 Africa Microfinance Conference On Back To Basics”, April 18 – 20, 2012, Johannesburg, South Africa

Event Name: 2012 Africa Microfinance Conference On Back To Basics

Event Date: April 18 to April 20, 2012

Event Location: Balalaika Protea Hotel, Sandton, Johannesburg, South Africa Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Everest Leadership Training “2012 Africa Microfinance Conference On Back To Basics”, April 18 – 20, 2012, Johannesburg, South Africa Posted in Africa, Events, Trends/Challenges

MICROCAPITAL BRIEF: State Bank of Pakistan (SBP) Scaling Up Nationwide Financial Literacy Program (NFLP)

The State Bank of Pakistan (SBP) reportedly has launched the Nationwide Financial Literacy Program (NFLP) to educate low-income Pakistanis on financial concepts through workshops and television and radio programming. Continue reading

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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

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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

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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

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