MICROCAPITAL BRIEF: Microfinance Institution (MFI) SHARE Microfin (SHARE) of India Receives Highest Rating from ICRA for Sustainable Management

SHARE Microfin Limited (SHARE), a microfinance institution (MFI) based in Hyderabad, India, has announced that ICRA Limited (formerly known as Investment and Credit Rating Agency of India Limited), a financial rating agency in India that is partially held by Moody’s Investors Service of the US, awarded SHARE with the highest microfinance grade of M1, up from a grade of M2 that was awarded last year.

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Online Training Sessions

Microfinance Information Exchange (MIX), a global, web-based microfinance information platform established in 2002, has announced the initiation of online training sessions on MIX Market, MIX’s database providing financial and social performance information on microfinance institutions, funders and service providers.

MICROCAPITAL BRIEF: Mary Ellen Iskenderian, Chief Executive of Women’s World Banking, Urges Microfinance Institutions (MFIs) to Avoid Mission Drift

Mary Ellen Iskenderian, Chief Executive of Women’s World Banking (WWB), an organization that provides technical and advisory services to its network of microfinance institutions (MFIs), wrote an article which appeared on the Huffington Post website urging MFIs to stay true to their mission of serving the poor.

MICROCAPITAL BRIEF: European Fund for Southeastern Europe (EFSE) Loans $26.7m to Raiffeisenbank EAD of Bulgaria for Housing Finance

The European Fund for Southeastern Europe (EFSE) has recently signed a loan of EUR 20 million (USD 26.7 million) to Raiffeisenbank EAD (Joint Stock Corporation) of Bulgaria for the provision of loans to low-income households for renovating, enlarging or purchasing their homes.

MICROCAPITAL EVENT: International Quality and Productivity Center (IQPC) Announces Microfinance 2.0 Conference on November 15-17, 2010 in San Francisco, California, USA

Event Name: Microfinance 2.0 Conference

Event Date: November 15-November 17, 2010

Event Location: San Francisco, California, USA (Venue to be determined)

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases the 20th Edition of the MicroBanking Bulletin (September 2010 Issue)

Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released its 20th edition of the MicroBanking Bulletin (MBB), which includes “2006-2008 MFI Trendline Benchmarks”, highlighting trends in the microfinance industry using data from 611 microfinance institutions (MFIs).

MICROFINANCE PAPER WRAP-UP: Saving Through the Mobile Phone – The Case of M-PESA, by Olga Morawczynski, Published by Microfinance Information Exchange (MIX)

By Olga Morawczynski, Published by Microfinance Information eXchange (MIX), MicroBanking Bulletin, Issue 19, December 2009, 8 pages, available at: http://www.themix.org/sites/default/files/MBB%2019%20-%20Saving%20Through%20the%20Mobile%20Phone.pdf

M-PESA is a mobile-phone-based service for sending and storing money, offered by Safaricom, a mobile service provider in Kenya. From its launch in March 2007 through the writing of this paper, M-PESA has acquired 7 million users. While M-PESA was designed to be a money transfer service, evidence suggests that customers are using it for savings as well.

MICROCAPITAL BRIEF: Women’s World Banking (WWB) Center for Microfinance Leadership Highlights Importance of Training

The latest newsletter of the Women’s World Banking (WWB) Center for Microfinance Leadership, an organization that provides technical and advisory services to microfinance institutions (MFIs) affiliated with WWB, emphasizes the need among MFI leaders for leadership training.

MICROCAPITAL BRIEF: Executive Director Reflects on Past and Future of the Microfinance Information Exchange (MIX)

On the occasion of his first anniversary with the organization, Microfinance Information Exchange (MIX) Executive Director Marten Leijon reflects on the past and future of MIX, discussing priorities such as transparency, innovation and increased collaboration for information exchange.

MICROCAPITAL BRIEF: Muhammad Yunus and Vikram Akula Debate Microfinance Models at Annual Meeting of Clinton Global Initiative (CGI)

At the annual meeting of the Clinton Global Initiative, a forum on international development founded in 2005 by former US President Bill Clinton, Nobel laureate Muhammad Yunus and Vikram Akula, founder of Indian SKS Microfinance, which recently went public, discussed different models for microfinance institutions (MFIs).

MICROCAPITAL EVENT: Fleming Gulf Hosts World Card and Payments Summit 2011 in Dubai, United Arab Emirates, February 14 – 16, 2011

Event Name: Conference: World Card and Payments Summit 2011

Event Date: February 14, 2010 – February 16, 2010

Event Location: Dubai, United Arab Emirates

MICROCAPITAL BRIEF: Government of Indonesia Signs Memorandum of Understanding with Indonesian Microfinance Institutions and Small and Medium-Sized Enterprises to Update Provisions for Microfinance, Accelerate Disbursement of $1.45b in Government-Sponsored Microloans

The government of Indonesia will update provisions for the microfinance sector, according to Coordinating Economic Minister Hatta Rajasa, in order to accelerate admittedly slow disbursement of IDR 13.1 trillion (the equivalent of USD 1.45 billion) in government-sponsored microloans, especially to small and medium-sized enterprises (SMEs).

MICROCAPITAL BRIEF: More Bankers Joining Indian Microfinance Industry

Anita Bhoir, a columnist of the Indian Express newspaper, recently published an article on the growing number of bankers that are joining microfinance institutions (MFIs) and non-banking finance companies (NBFCs), a broad term that includes some small microfinance cooperatives.

MICROCAPITAL BRIEF: Social Investors Investigate Criteria for Environmental, Social and Governance (ESG) Performance of Microfinance Institutions (MFIs), Triple Jump, Oikocredit Hold Meeting to Mull Harmonization of ESG Evaluation

The Social Investor Working Group on Tool Sharing and Harmonization, a group born out of the Social Investor Group meeting in Bern in June 2010, where approximately 40 investors representing about half of total assets under management in the microfinance sector met to discuss socially responsible investing, is exploring different ways to assess the environmental, social and governance (ESG) performance of microfinance institutions (MFIs).

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Calls on Funders to Join SmartAid 2011, An Index of Microfinance Support Efficacy

CGAP (Consultative Group to Assist the Poor) has recently announced the release of SmartAid 2011, an index that measures and rates the way microfinance funders support microfinance.

MICROCAPITAL BRIEF: Australia and New Zealand Banking Group (ANZ Bank) to Start Microfinance Center in Fiji

Norman Wilson, the chief executive of the Australia and New Zealand Banking Group (ANZ Bank), a publicly traded bank that provides retail, commercial banking and wealth management services, confirmed that the bank is planning to start a microfinance center in Fiji in collaboration with the Asian Development Bank, and the International Financial Corporation (IFC), the private sector arm of the World Bank.