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.

MICROCAPITAL BRIEF: Jason Fairbourne of Brigham Young University Advocates Use of Microfranchising in Conjunction with Microfinance

An article was recently published by US Newspaper The Salt Lake Tribune about microfranchising, a concept that aims to construct business models that can be easily replicated by “microbusinessmen”.

MICROCAPITAL BRIEF: Peter Van Dijk Outlines Measures to Strengthen Rights of Microfinance Institution Customers

Peter Van Dijk, a consultant based in Indonesia, recently wrote an opinion piece that appeared on the Microfinance Focus website outlining measures to enhance the rights of consumers of microfinance institutions (MFIs).

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.