MICROFINANCE PAPER WRAP-UP: Building Houses, Financing Homes; by Anamitra Deb, Ashish Karamchandani and Raina Singh; Published by Monitor Inclusive Markets

By Anamitra Deb, Ashish Karamchandani and Raina Singh, Published by Monitor Inclusive Markets, July 2010, 16 pages, available at: http://www.monitor.com/Portals/0/MonitorContent/imported/MonitorUnitedStates/Articles/PDFs/Monitor_Inclusive_Markets_Building_Houses_Financing_Homes_exec_summary.pdf

In this paper, Anamitra Deb, Ashish Karamchandani and Raina Singh examine the future of housing development and finance for the low-income population of urban India, specifically Ahmedabad and Mumbai.

MICROCAPITAL EVENT: Center for Financial Inclusion (CFI) Hosts “Understanding Failures in Microfinance” in Washington, DC on September 22, 2010

Event Name: Understanding Failures in Microfinance

Event Date: September 22, 2010

Event Location: Center for Financial Inclusion, Washington, DC, USA

MICROCAPITAL BRIEF: Micro Housing Finance Corporation (MHFC) of India Achieves $2.16m in Loan Sanctions

The Micro Housing Finance Corporation (MHFC), an India-based housing finance company established in 2008, has reported to MicroCapital that it has reached INR 100 million (USD 2.16 million) in loan sanctions.

MICROCAPITAL BRIEF: MicroSave and Microfinance Focus Form Strategic Alliance to Expand Microfinance Resources

MicroSave, a microfinance consulting company established in 1998, has partnered with the Microfinance Focus website in a strategic alliance to promote microfinance knowledge sharing and dissemination with an emphasis on engaging diverse and geographically dispersed practitioners.

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Report Recommends Withdrawal of Priority Sector Status from Microfinance Institutions (MFIs)

An unreleased report by a committee of the Reserve Bank of India (RBI) that was recently leaked to the Indian newspaper Economic Times recommended that RBI withdraw the priority sector status of microfinance institutions (MFIs), which allows MFIs borrow at lower interest rates.

MICROCAPITAL BRIEF: Bhagwan Chowdhry Argues that Microcredit, MicroInsurance Spread Risks for Communities in Developing World

An article written by Dr Bhagwan Chowdhry, professor of finance and faculty director of the UCLA Anderson School [2], appeared on the Huffington Post on September 8, 2010 making the case that microcredit and microinsurance are effective ways of spreading risks in the developing world.

MICROFINANCE PAPER WRAP-UP: Non-bank E-Money Issuers: Regulatory Approaches to Protecting Customer Funds; by Michael Tarazi and Paul Breloff; Published by CGAP (Consultative Group to Assist the Poor)

By Michael Tarazi and Paul Breloff, published by CGAP (Consultative Group to Assist the Poor), Focus Note 63, July 2010, 12 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.45715/

MICROCAPITAL BRIEF: Department of Agriculture of the Philippines Orders Release of $2.3m for Microfinance Activities in Areas Stricken by El Niño Drought

The Department of Agriculture of the Philippines, which is responsible for promoting prosperity in the country’s farming communities, recently ordered the release of PHP 100 million (the equivalent of USD 2.27 million) for microfinance activities in areas affected by an El Niño-induced drought.

MICROCAPITAL BRIEF: Microfinance India 2010 Awards to be Presented at The Microfinance India Summit, November 15, 2010

Access Development Services, an Indian nonprofit organization that offers consulting services to microfinance institutions (MFIs), and Hongkong and Shanghai Banking Corporation (HSBC) Limited, an international banking group, will present the Microfinance India Awards 2010 at the Microfinance India Summit on November 15, 2010.

MICROFINANCE PAPER WRAP UP: Microfinance Activities and the Core Principles for Effective Banking Supervision, by the Basel Committee on Banking Supervision

Written by the Basel Committee on Banking Supervision, released in August 2010, 57 pages, available at http://www.bis.org/publ/bcbs175.htm

This paper written by the Basel Committee on Banking Supervision, a subcommittee of the Bank for International Settlements, which is an intergovernmental organization of central banks, reviews the applicability of its 2006 Core Principles for Effective Banking Supervision [1], the de facto standard on prudential regulation and supervision of banks, to the emerging class of microfinance institutions (MFIs), including both depositing-taking MFIs and cooperatives.

MICROCAPITAL BRIEF: University Meets Microfinance (UMM) Offers Scholarship Opportunities for Microfinance Studies

The University Meets Microfinance (UMM) is offering scholarships for future and ongoing field research operated under the umbrella of a Bachelors, Masters or equivalent program by students in universities in the European Union.

MICROCAPITAL BRIEF: Opinion Column Suggests Decline of Microfinance

“Goodbye, microfinance,” a column by opinion writer T K Arun, of The Economic Times, foresees an end to microfinance. The Economic Times is a publication focusing on the Indian economy. Mr Arun argues that the conditions that led to the success of microfinance are eroding in his home country of India.

MICROCAPITAL BRIEF: Indian Microfinance Institutions Shifting to Monthly Loan Repayment Schedule

Indian microfinance institutions (MFIs) are offering loan products with monthly repayment plans as opposed to weekly payment terms, and according to a recent article more Indian microfinance institutions are considering offering products with monthly payment terms [1].

MICROCAPITAL BRIEF: Brian Cox Highlights Emerging Challenges for Microfinance Institutions (MFIs)

On August 30, 2010, Brian Cox, the president of MFX Solutions LLC, a company which offers currency hedging instruments, highlighted several emerging challenges that microfinance institutions (MFIs) face as they expand such as currency risks, tighter regulation, and tougher capital adequacy requirements in a recent interview with Microfinance Focus.

MICROFINANCE PAPER WRAP-UP: It’s Time to Address the Microsavings Challenge, Scalably, by Bob Christen and Ignacio Mas, Published by Practical Action Publishing

By Bob Christen and Ignacio Mas, published by Practical Action Publishing, December 2009, 20 pages, available at: http://www.microfinancegateway.org/gm/document-1.9.45939/Meeting%20the%20microsavings%20challenge.pdf

The authors of this paper begin their argument for microsavings by claiming that it will not only expand the livelihoods of poor people, but will help microfinance institutions (MFIs) secure a stable source of funding.