Category: Trends/Challenges

MICROCAPITAL BRIEF: The Pakistan Microfinance Network (PMN) Develops Software to Benchmark Local Microfinance Industry

In an attempt to increase transparency for microfinance stakeholders, the Pakistan Microfinance Network (PMN) has developed two benchmarking software applications, Pakistan Microfinance Review (PMR) software and Microfinance Connect. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Kenya (CBK) Grants License to Credit Reference Bureau Africa (CRBAfrica)

The Central Bank of Kenya (CBK) has granted a license to Credit Reference Bureau Africa (CRBAfrica) in an effort to provide the banking sector with credit information sharing services. Continue reading

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MEET THE BOSS: Discussions on Microfinance Investment Vehicles (MIVs): Interview with Gil Crawford, Chief Executive Officer of MicroVest Capital Management

Mr. Crawford is Chief Executive Officer of MicroVest Capital Management, responsible for the development, management and growth of MicroVest, including developing and implementing business development strategies and supervising investment deals. He led the launch of MicroVest I, LP, a commercial private equity vehicle focused on microfinance in North America. He has over 20 years of experience with microfinance institutions (MFIs) and capital markets and has worked in Latin America, Africa and Asia. 

Previously, Mr. Crawford worked for the Latin American Financial Markets Division at the International Finance Corporation (IFC), created and ran Seed Capital Development Fund and was the Assistant Project Director for Africa Venture Capital Project. Mr. Crawford received his bank training at Chase Manhattan Bank in the mid 1980’s after working in Africa for the Red Cross and the US State Department. He graduated from Johns Hopkins University School of Advanced International Studies (SAIS) (US) in 1983 and Bates College (US) in 1980. Continue reading

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MICROCAPITAL BRIEF: Financiera Independencia, a Microfinance Institution (MFI) Located in Mexico, Will Submit Request to Receive Banking License

Financiera Independencia, a microfinance institution (MFI) located in Mexico, has announced that on February 24, 2010, its Board of Directors authorized the MFI to submit a request to receive a banking license, thus allowing it to offer a wider range of products and services as well as to receive funding from retail deposits. Continue reading

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MICROCAPITAL BRIEF: “Angola Youth” Microcredit Program Funded by Savings and Credit Bank (BPC), a State-Owned Commercial Bank, Reaches 262 Youths in 2009

According to a recent AngolaPress article, 262 youths in the southern Angola province of Cuene received microloans in 2009 from the “Angola Youth” microcredit program. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: “Angola Youth” Microcredit Program Funded by Savings and Credit Bank (BPC), a State-Owned Commercial Bank, Reaches 262 Youths in 2009 Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Women’s World Banking (WWB) Appoints Kathryn C. Mayer as the Director of the Center for Microfinance Leadership (CML), Which Provides Advisory Services to Microfinance Institution Managers

Women’s World Banking (WWB), an organization that provides technical and advisory services to its global network of microfinance institutions (MFIs), has appointed Kathryn C. Mayer as the Director of the Center for Microfinance Leadership (CML), a WWB organization that provides workshops, coaching and support to chief executive officers (CEOs) and senior managers in the microfinance industry. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Women’s World Banking (WWB) Appoints Kathryn C. Mayer as the Director of the Center for Microfinance Leadership (CML), Which Provides Advisory Services to Microfinance Institution Managers Posted in Trends/Challenges

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Warns Microfinance Institutions (MFIs) to Improve Governance Standards

The Reserve Bank of India (RBI), India’s central bank, has warned that microfinance institutions (MFIs) will be taken off the priority sector lending list if the industry does not improve its governance standards. Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Focus Note Examines Consumer Protection Regulation in Microfinance Industry

A new CGAP (Consultative Group to Assist the Poor) Focus Note examines “what consumer protection regulation should look like in places where consumers are poor, access to finance is limited, and regulatory capacity is often overstretched.” Continue reading

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MICROCAPITAL BRIEF: European Commission Launches $135m Microfinance Facility

The European Commission has officially launched the EUR 100 million (USD 135 million) “European Progress Microfinance Facility,” which was approved by members of the European Council and European Parliament. Continue reading

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MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Article Discusses Tradeoffs in Encouraging Healthy Competition in Microfinance Sector

A recent article featured on the CGAP (Consultative Group to Assist the Poor) website discusses a new series of Policy Framing Notes by regulatory expert Dr David Porteous concerning the tradeoffs that regulators face in trying to encourage healthy competition in the microfinance industry. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Article Discusses Tradeoffs in Encouraging Healthy Competition in Microfinance Sector Posted in Regulation, Trends/Challenges

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Releases “Technical Guide for Investors on Implementing the Client Protection Principles”

CGAP (Consultative Group to Assist the Poor) has released the “Technical Guide for Investors on Implementing the Client Protection Principles,” as part of a wider consumer protection campaign focusing on fair lending within the microfinance industry. Continue reading

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MICROCAPITAL BRIEF: Indonesian Government Adds 13 Banks to Association of Regional Development Banks (Asbanda) to Distribute Microcredit

The government of Indonesia has added 13 existing banks to the Association of Regional Development Banks (Asbanda) to distribute microcredit across the country. Continue reading

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MICROCAPITAL BRIEF: Nigerian Satelite Microfinance Bank Deploys Clickatell SMS Alert System to Limit Fraud

In an effort to prevent fraud and keep customers informed, Satelite Microfinance Bank, a microfinance institution in Nigeria, has recently started using the Clickatell text-message alert system to notify customers when debit or credit activity is occurring on their accounts. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Nigerian Satelite Microfinance Bank Deploys Clickatell SMS Alert System to Limit Fraud Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Newsweek Article Examines Importance of Microfinance Institutions (MFIs) in Post-Disaster Environments

A recent article in US-based Newsweek magazine entitled ‘Big Crisis, Small Help’ examines the importance of microfinance institutions (MFIs) in mitigating crises in post-disaster environments. Continue reading

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MICROCAPITAL EVENT: “Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance,” April 26 – 30, 2010, Bali, Indonesia

Event Name: Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance

Event Date: April 26 – 30, 2010

Event Location: Bali, Indonesia

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

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Written by Comments Off on MICROCAPITAL EVENT: “Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance,” April 26 – 30, 2010, Bali, Indonesia Posted in Events, Trends/Challenges

MICROCAPITAL BRIEF: Grameen Foundation Announces Joint Initiative with Oikocredit, Catholic Relief Services, Terrafina Microfinance, and Planet Rating to Apply Progress out of Poverty Index to MFIs in Africa

The Grameen Foundation, an independent non-profit organization, has announced a two-year initiative to assist African microfinance institutions (MFIs) in targeting and tracking clients using its poverty assessment tool, the Progress out of Poverty Index (PPI). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Foundation Announces Joint Initiative with Oikocredit, Catholic Relief Services, Terrafina Microfinance, and Planet Rating to Apply Progress out of Poverty Index to MFIs in Africa Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Microfinance Information Exchange Releases Benchmarking Report on Eastern Europe and Central Asia

The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released the 2009 Eastern Europe and Central Asia Microfinance Analysis and Benchmarking Report. Continue reading

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MICROCAPITAL BRIEF: Basel Committee on Banking Supervision Issues Consultative Paper on Microfinance

The Basel Committee on Banking Supervision, a committee established by the central bank governors of the Group of Ten countries, has issued for consultation a report entitled “Microfinance Activities and the Core Principles for Effective Banking Supervision.” Continue reading

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