Category: Trends/Challenges

MICROFINANCE EVENT: Chicago Microfinance Conference (CFMC), May 7, 2010, Hosted by the University of Chicago Booth School of Business

Event Name: Chicago Microfinance Conference (CFMC)

Event Date: May 7, 2010

Event Location: University of Chicago Booth School of Business

Event Website: http://www.chicagomicrofinance.com/index.shtml

See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events Continue reading

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MICROCAPITAL BRIEF: The Microenterprise and Development Institute (MDI) Moves to the Carsey Institute at the University of New Hampshire (UNH), Program Renamed the Sustainable Microenterprise and Development Program (SMDP)

The Microenterprise and Development Institute (MDI), a US-based microfinance training program, has moved from Southern New Hampshire University to the Carsey Institute at the University of New Hampshire (UNH). The program is now called the Sustainable Microenterprise and Development Program (SMDP). Continue reading

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MICROCAPITAL BRIEF: UAP Insurance of Kenya, Safaricom and the Syngenta Foundation for Sustainable Agriculture to Expand Mobile Microinsurance Program in Kenya

A recent article in The Economist weekly magazine brings attention to the expansion of a new microinsurance scheme in Kenya, known as Kilimo Salama, or “safe farming,” which uses mobile phones and automated solar-power weather stations to provide crop insurance to low-income farmers. Continue reading

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MICROFINANCE PAPER WRAP-UP: Women and Income-Generating Activities: Understanding Motivations by Prioritising Skill, Knowledge and Capabilities, by Thanuja Mummidi

Written by Thanuja Mummidi, published by the Rural Microfinance and Employment project (RUME) in June 2009, 27 pages, available at: http://www.rume-rural-microfinance.org/IMG/pdf_WP5.pdf

This study examines a methodology for analyzing whether or not microfinance promotes income-generating activities amongst the poor, specifically focusing on women. Continue reading

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MICROCAPITAL BRIEF: Experts Discuss Importance of Savings at Women’s World Banking (WWB) Microfinance and Capital Markets Conference

At the Women’s World Banking (WWB) Microfinance and Capital Markets conference on March 23 and March 24, Ms Elizabeth Littlefield, the Chief Executive of CGAP (Consultative Group to Assist the Poor) who has been nominated to head the Overseas Private Investment Corporation (OPIC), declared “There’s a huge untapped pool of savings in poor households that’s desperate to be taken out from under the bed.” Continue reading

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MICROCAPITAL BRIEF: Conference Organized by Bank of Albania, KfW Entwicklungsbank and the European Fund for Southeast Europe (EFSE) Calls for Greater Efforts to Promote Responsible Finance Practices

At a recent conference organized by the Bank of Albania, the German development bank KfW Entwicklungsbank and the microfinance investment fund European Fund for Southeast Europe (EFSE), panelists emphasized that amidst high growth rates in the region’s microfinance sector, irresponsible finance practices abound. Continue reading

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MICROCAPITAL BRIEF: Plan Canada and The MasterCard Foundation Create $4.1m Youth Microfinance Project in Niger, Sierra Leone and Senegal

Plan Canada, a nonprofit children’s relief organization, has partnered with The MasterCard Foundation, a private Canadian foundation that supports microfinance, to create a USD 4.1 million program that aims to expand microfinance services to youth (ages 15 to 25) in Niger, Sierra Leone and Senegal. Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance Limited, Microfinance Institution (MFI) in India, Files to Raise $250m in Initial Public Offering (IPO)

There are now more details available regarding the much-anticipated initial public offering (IPO) of SKS Microfinance Limited, a microfinance institution (MFI) based in India, which MicroCapital covered most recently on March 9, 2010. Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Funds Seek to Expand Focus Beyond Microcredit

According to a recent article on VCCircle.com, an Indian online news platform, Indian microfinance fund managers are diversifying their investment base to include more areas of social investing, such as microinsurance, micro housing finance, healthcare, mobile payments and rural supply chains. Continue reading

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MICROCAPITAL BRIEF: Finance Minister of Bangladesh Argues Few Escape Poverty Due to Microfinance, High Interest is Main Challenge Facing Country’s Microfinance Industry

At a recent three-day conference in Bangladesh titled, “Microfinance Regulations: Who Benefits,” the country’s Finance Minister, Mr Abul Maal Abdul Muhith, argued that high interest rates and charges are the main challenges facing Bangladesh’s microfinance industry. Continue reading

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MICROCAPITAL BRIEF: Financiera Independencia, a Mexico-based Microfinance Institution, Sells $200m in Senior Guaranteed Notes to the International Market

Financiera Independencia, a Mexico-based microfinance institution (MFI) that is listed on the Mexican Stock Exchange, has announced that it has successfully placed USD 200 million in senior guaranteed notes in the international market. Continue reading

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MEET THE BOSS: Nanno Kleiterp of the Netherlands Development Finance Company (FMO)

The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO uses loans, mezzanine financing and equity investments to invest in financial institutions and other companies in developing countries. With an investment portfolio of USD 6.5 billion, FMO is one of the world’s largest bilateral private sector development banks. FMO’s mission is to create flourishing enterprises that can serve as engines of sustainable growth in their countries. Continue reading

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MICROCAPITAL BRIEF: Outstanding Loan Volume by NGO Microfinance Institutions (MFIs) in India Doubled from 2008 to 2009

According to the Bharat Microfinance Report released by Sa-Dhan, an organization of microfinance institutions in India, the portfolio of NGO microfinance institutions (MFIs) grew 97 percent to INR 351 billion (the equivalent of USD 7.7 billion) in 2009. Continue reading

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MICROCAPITAL BRIEF: The Microfinance Association Launches an Investor Matching Service that Aims to Assist Microcredit Institutions Looking for International Investors

The Microfinance Association has launched the Investors Matching service that aims to promote and facilitate the creation of strategic partnerships through matching the interests of microcredit organizations with those of local and international investors. Continue reading

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