Category: Trends/Challenges

MICROCAPITAL BRIEF: Rural Credit Finance (RUCREF), a Microfinance Firm in Uganda, Has Agreed to a $230k deal with Neptune Software Uganda to Integrate Orbit Banking

Rural Credit Finance (RUCREF), a microfinance firm in Uganda, has agreed to a UGX 450 million (USD 230,000) deal to integrate Neptune Software Uganda’s “Orbit Banking” financial system. Continue reading


MICROCAPITAL BRIEF: New York Times Columnist Nicholas Kristof Touts Savings

In a recent column in US daily The New York Times, Nicholas Kristof argued that, “What we need is a savings revolution. Right now, the world’s poor almost never have access to a bank account. Cash sits around and gets spent — and, frankly, often spent badly…. Research suggests that the world’s poorest families (typically the men in those families) spend about 20 percent of their incomes on a combination of alcohol, cigarettes, prostitution, soft drinks and extravagant festivals.” Continue reading


MICROCAPITAL EVENT: “Thirteenth Annual Digital Money Forum” March 10-11, 2010, London, Provided by CGAP (Consultative Group to Assist the Poor), With Support from ACI Worldwide and Sponsorship by Visa

Event Name: Thirteenth Annual Digital Money Forum

Event Date/Time: March 10 – 11, 2010

Event Location: Guoman Hotel, Charing Cross, London

Event Website:

See Our Comprehensive Event Calendar Here: Continue reading


MICROFINANCE PAPER WRAP-UP: Microfinance as a Poverty Reduction Tool – A Critical Assessment by Anis Chowdhury

Written by Anis Chowdhury, Professor of Economics at the University of Western Sydney, Australia and Senior Economic Affairs Officer at United Nations Department of Economic and Social Affairs (UN-DESA); DESA Working Paper No. 89; December 2009; 13 pages, available at

This working paper debates the effectiveness of microfinance as a tool for poverty reduction. Continue reading


MICROCAPITAL BRIEF: Interest Rates and Microfinance Debated in “Does Micro Finance Alleviate Poverty? Borrowers Response” Seminar in Dhaka, Bangladesh

Rapport Bangladesh Limited (RBL), a professional management services organization, recently organized a seminar in Dhaka titled “Does Micro Finance Alleviate Poverty? Borrowers Response”. Continue reading


MICROFINANCE EVENT: “Water It Down!: What Does Clean Water Have to Do With Microfinance and Ridding the World of Poverty?” organized by Silicon Valley Microfinance Network (SVMN) in San Francisco, California, US; January 12, 2010

Event Name: Water it Down!: What does clean water have to do with microfinance and ridding the world of poverty?

Event Description: The guest speakers, Gary White and April Rinne, from WaterCredit, a newly launched initiative by, intends to address the relationship between water sanitation and microfinance in poverty alleviation. WaterCredit program provides microcredit loans to the poor so that they may eventually tackle their own water needs. Continue reading


MICROCAPITAL BRIEF: Critics Claim that Bosnian Microfinance Institutions Simply Issuing “Commercial Loans Masquerading as Microfinance”

A recent article from Al Jazeera English, an English-language news source based in Qatar, cited critics blaming the decline in the Bosnian microfinance sector on the profit-driven orientation of the country’s microfinance institutions (MFIs). Continue reading


MICROCAPITAL BRIEF: African Development Bank (AfDB) Approves $660k Grant to Access Bank Tanzania (ABT), a Microfinance Bank in Tanzania

The African Development Bank (AfDB), a regional development organization in Africa, has approved a USD 660,000 grant to Access Bank Tanzania (ABT), a newly established commercial bank in Tanzania focusing on microfinance. The initiative was made possible through the Fund for African Private Sector Assistance (FAPA), a subsidiary of the Enhanced Private Sector Assistance program, which is a billion-dollar initiative of the government of Japan and the AfDB to promote private sector development in Africa. Continue reading


MICROCAPITAL BRIEF: The Central Bank of Nigeria (CBN) Investigates “Fraudulent Practices” at Five Recently Failed Nigerian Microfinance Banks

Mr. Olufemi Fabanwo, Nigeria’s (CBN) Director of the Other Financial Institutions Department, told news agencies that the central bank will investigate five recently failed microfinance banks and, if any operators are found to be fraudulent, he or she will be handed over to the EFCC, the country’s law enforcement agency. Operators are considered fraudulent if they have no state license to engage in banking activities. The five banks are: Integrated Microfinance Bank, KFC Microfinance Bank, Bristol Microfinance Bank, Unique Microfinance Bank, and Milestone Microfinance Bank, all based in Lagos. Continue reading


MICROCAPITAL BRIEF: Conglomerates Enter the Microfinance Industry in South Korea Via the Government-Inspired Miso (Smile) Microcredit Foundation

After Samsung, one of the world’s largest conglomerates by revenue, and Woori Financial Group, a Seoul-based financial services holding company, recently opened branches of the Miso Microcredit Foundation, other Korean conglomerates have begun to follow suit. The Miso (Smile) Microcredit Foundation is a government-led microcredit lending program in Korea that plans to raise KRW 2 trillion (USD 1.69 billion) over the next 10 years. Continue reading