Category: Trends/Challenges

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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MICROCAPITAL BRIEF: Belize’s Atlantic Bank, CIDA, IFC Seek to Improve Banking Access for Small and Medium-Sized Enterprises

The International Finance Corporation (IFC), a member of the World Bank Group, and Atlantic Bank of Belize, with support from the Canadian International Development Agency (CIDA), are working to improve access to financial services for small and medium- sized enterprises (SME) in Belize. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Belize’s Atlantic Bank, CIDA, IFC Seek to Improve Banking Access for Small and Medium-Sized Enterprises Posted in Latin America, Trends/Challenges

MICROCAPITAL BRIEF: Reserve Bank of India to Issue Guidelines For Interoperability Among Business Correspondents “Shortly”

The Reserve Bank of India (RBI) is working to enable interoperability among business correspondents (BCs) to promote financial inclusion in rural areas [1]. Continue reading

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MICROFINANCE PAPER WRAP-UP: Global Microscope on the Microfinance Business Environment 2011

By the Economist Intelligence Unit, funded by The Multilateral Investment Fund, Corporación Andina de Fomento and the International Finance Corporation, October 2011, 72 pages, available at: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=36453519.

This paper examines the microfinance business environments in 55 countries, comparing them across three categories: supporting institutional framework, political stability, and regulatory framework and practices. It is the fifth annual paper in the series, covering the 12-month period through June 2011. The research comprises data collected in 21 countries of Latin America and the Caribbean, 11 countries of Sub-Saharan Africa, seven of Eastern Europe and Central Asia, seven of East Asia, five of South Asia and four of the Middle East and North Africa. Continue reading

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