Category: Trends/Challenges

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

Share

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

Share

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

Share

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

Share

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

Share

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

Share

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

Share

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

Share

MICROFINANCE PAPER WRAP-UP: Does Microfinance Repayment Flexibility Affect Entrepreneurial Behavior and Loan Default?, by Erica Field, Rohini Pande and John Papp

Written by Erica Field, Rohini Pande and John Papp, published by The Institute for Financial Management and Research (IFMR) in October 2009, 33 pages, available at: http://ifmr.ac.in/cmf/publications/wp/2010/34_Field_Flexibility_Repayment.pdf

This study examines whether the rigidity of microfinance loan repayment structures inhibits investment in microenterprises. Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Institutions Network (MFIN) Predicts Efforts Will Lower Microfinance Interest Rates in India

The Microfinance Institutions Network (MFIN), a self-regulatory organization of 35 of India’s microfinance companies, is currently working on several projects that it predicts will lower interest rates on microloans. Continue reading

Share

MICROCAPITAL BRIEF: Sequoia Capital India, Sandstone Capital, Kismet Capital Advisors and SKS Trust for the Benefit of Women Entrepreneurs Replace SKS Microfinance Founder Mr Vikram Akula as Promoter of the Company

A group of four venture capital companies have replaced Mr Vikram Akula, founder of the Indian microfinance institution (MFI) SKS Microfinance, as promoter of the firm. Continue reading

Share

MICROCAPITAL BRIEF: Mohammed Yunus, Founder of Grameen Bank, Calls for Standardized Interest Rate for Microfinance Institutions (MFIs) and Strict Definition of “Microcredit” in Bangladesh

Mohammed Yunus, the founder of Grameen Bank, a microfinance institution (MFI) located in Bangladesh, recently was reported to have said that the Microcredit Regulatory Authority (MRA), Bangladesh’s primary regulator over the microfinance activities of all non-governmental organization (NGO) microfinance institutions (MFIs), should introduce a standardized maximum interest rate that can be charged by MFIs. Continue reading

Share

MICROCAPITAL EVENT: Association of the Luxembourg Fund Industry (ALFI) Microfinance Conference, Organized in Association with Luxembourg Fund Labelling Agency (LuxFLAG), March 25, 2010, Luxembourg

Event Name: Association of the Luxembourg Fund Industry (ALFI) Microfinance Conference

Event Date: March 25, 2010

Event Location: Chambre de Commerce, 7, Rue Alcide Gasperi, Luxembourg

Event Website: http://www.alfi.lu/index.php?id=70&tx_mjseventpro_pi1[showUid]=26&cHash=8f25d57051

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

Share

MICROCAPITAL EVENT: Money Transfers Dubai (MTD) 2010, Dubai, March 22, 2010

Event Name: Money Transfers Dubai (MTD) 2010

Event Date: March 22, 2010

Event Location: Jumeirah Emirates Towers, Dubai

Event Website: http://www.iamtn.org/events/mtd-2010

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

Share

MICROCAPITAL BRIEF: University of Greenwich Issues Call for Papers for ‘Global Partnerships in Microfinance’ Conference, September 2010

The University of Greenwich, in collaboration with the University of Birmingham and Burgundy School of Business, has issued a call for papers for its Global Partnerships in Microfinance conference, taking place September 6 to September 7, 2010. Continue reading

Share

MICROCAPITAL BRIEF: World Savings Bank Institute (WSBI) Issues “Open Message” to Promote Access to Finance to Reach United Nation’s Millennium Development Goals (MDGs)

The World Savings Bank Institute (WSBI), an international banking association, has issued an open message promoting access to finance as a means to accelerate progress toward the United Nation’s Millenium Development Goals (MDGs). Continue reading

Share