Category: Trends/Challenges

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

Share

MICROCAPITAL BRIEF: Microfinance Information Exchange Releases Benchmarking Reports on Mexico and Paraguay

The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released two benchmarking reports covering the microfinance market in Mexico and Paraguay. Continue reading

Share

MICROCAPITAL BRIEF: Global Industry Analysts Inc Predicts Mobile Banking Customer Base will Reach 1.1 Billion by 2015

A new report released by Global Industry Analysts Inc (GIA) entitled “Mobile Banking: A Global Strategic Business Report” estimates that the global customer base for mobile banking will reach 1.1 billion by 2015. Continue reading

Share

MICROCAPITAL BRIEF: Standard Chartered Bank Closes Its First Microfinance Deal in Philippines, $1.5m to CARD Bank

Standard Chartered has provided its first microfinance loan in the Philippines to CARD Bank, a microfinance institution (MFI) with over 205,097 active borrowers and a gross loan portfolio of USD 20.1 million as of year-end 2008. Continue reading

Share

MICROCAPITAL BRIEF: ADA (Appui au Développement Autonome) Launches First Issue of “Discussion Paper” Series

ADA (Appui au Développement Autonome), a non-governmental organization specializing in microfinance, has launched the first issue of its “Discussion Paper” series, a publication aimed at initiating debate among microfinance professionals. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: ADA (Appui au Développement Autonome) Launches First Issue of “Discussion Paper” Series Posted in Trends/Challenges

MICROCAPITAL BRIEF: Hattha Kaksekar Limited (HKL) and Angkor Mikroheranhvatho Kampuchea (AMK), Two Microfinance Institutions (MFIs) Located in Cambodia, Receive Deposit-Taking Licenses

Hattha Kaksekar Limited (HKL) and Angkor Mikroheranhvatho Kampuchea (AMK), two microfinance institutions (MFIs) located in Cambodia, have received a deposit-taking license from the National Bank of Cambodia, the central bank of Cambodia. Continue reading

Share

MICROCAPITAL BRIEF: Surendra Pandey, Finance Minister of Nepal, Says Government is Considering Adding Contribution of “Microfinance Activities” to Gross Domestic Product (GDP)

Surendra Pandey, the Finance Minister of Nepal, has stated that the government is considering adding the contribution of “microfinance activities” to the calculation of the country’s gross domestic product (GDP). Continue reading

Share

MICROCAPITAL BRIEF: Syria “Struggles” to Find Sustainable Microfinance Model

According to an article in Business Today Egypt, although Syria has been “a regional front-runner in microfinance regulation, [it] is still struggling to find a sustainable model to finance its rural poor.” Continue reading

Share

MICROCAPITAL BRIEF: Microfinance Institution PRASAC Applies for License to Expand Deposit-Taking Activities

Cambodian microfinance institution (MFI) PRASAC plans to apply to the National Bank of Camodia (NBC) for a license that would expand its deposit-taking activities. Continue reading

Share

MICROCAPITAL BRIEF: Existing Government Payment Programs Could Bring More Rural Poor Into Financial System, According to Report by CGAP (Consultative Group to Assist the Poor) and Department for International Development (DFID)

According to a new report from CGAP (Consultative Group to Assist the Poor) and the U.K.’s Department for International Development (DFID) entitled, ‘Banking the Poor via G2P Payments,’ existing government payment programs could bring many more poor people into the formal financial services system. Continue reading

Share

MICROCAPITAL BRIEF: Bill & Melinda Gates Foundation Awards $6m Grant to Ecobank to Promote Low-Cost Savings Accounts in Ghana and Liberia

The Bill & Melinda Gates Foundation has provided a USD 6 million grant to Ecobank Transnational Incorporated (ETI), a pan-African bank with a network of over 500 branches in 27 countries. Continue reading

Share

MICROCAPITAL BRIEF: European Commission Works on Plan to Provide $139m in Microloans to Unemployed Youth

Mr Celestino Corbacho, the Spanish Employment Minister, recently announced that the European Commission is working on a plan to provide EUR 100 million (USD 139 million) in microloans to unemployed youth under the age of 25 and the long-term unemployed. Continue reading

Share

MICROCAPITAL BRIEF: National Association of Microfinance Banks (NAMB) to Embark on “Enlightenment Campaign” to Increase Knowledge of Microfinance in Nigeria

The National Association of Microfinance Banks (NAMB), an association of microfinance institutions (MFIs) in Nigeria, recently announced in Lagos, Nigeria, that it intends to embark on a campaign to increase knowledge of microfinance among potential clients in Nigeria. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: National Association of Microfinance Banks (NAMB) to Embark on “Enlightenment Campaign” to Increase Knowledge of Microfinance in Nigeria Posted in Africa, Trends/Challenges

MICROCAPITAL PAPER WRAP-UP: Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India, by Michael Bauer, Julie Chytilová, and Jonathan Morduch

Written by Michael Bauer, Julie Chytilová, and Jonathan Morduch, published by the Financial Access Initiative in December 2009, 47 pages, available at: http://financialaccess.org/sites/default/files/Behavioral%20Foundations%20of%20Microcredit%20-%20Bauer%20Chytilova%20Morduch%2012-18-09.pdf

This paper examines behavioral effects of time discounting and risk aversion as they relate to the acquisition of microcredit. Continue reading

Share

MICROCAPITAL BRIEF: Lok Capital Takes Equity Stake in RuralShores, Potential Back Office Provider to Microfinance Institutions

Lok Capital LLC, a venture fund focused on the microfinance sector in India, recently announced an equity investment in RuralShores Business Services Private Limited, which provides outsourced data entry services to businesses within India and abroad. Continue reading

Share

MICROCAPITAL BRIEF: Asia’s Microfinance Industry Dominated by US and European Investors, Says Standard Chartered’s Global Head of Microfinance, Mr Prashant Thakker

According to a recent article in The Business Times, a daily Singaporean newspaper, “Asia’s institutional and private investors have yet to warm to the microfinance sector, despite its prominence in the region and its resilience as an asset class this past downturn.” Continue reading

Share

MICROCAPITAL BRIEF: Kenyan Microfinance Institutions Struggle After Drought, Economic Crisis and 2008 Post-Election Violence

Kenyan microfinance institutions (MFI) are struggling to recover from a two-year slump caused by severe drought, the global financial crisis and post-election violence. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Kenyan Microfinance Institutions Struggle After Drought, Economic Crisis and 2008 Post-Election Violence Posted in Africa, Risks, Trends/Challenges

MICROCAPITAL BRIEF: Call to Contribute Expertise to Post-Crisis Microfinance Institution (MFI) Management Wiki for Haiti

ES Global, a consulting firm that focuses on social investing and micro- and small enterprise development, has created a wiki for post-crisis management support to microfinance institutions (MFIs) in Haiti. Continue reading

Share