Category: Trends/Challenges

MICROCAPITAL BRIEF: Julia Kurney, Founding Partner of Senegal Ecovillage Microfinance, Launches Zidisha.org, a Nonprofit Organization that Reportedly Allows Peer-to-Peer Microcredit Lending

Julia Kurney recently launched Zidisha.org, a non-profit organization that reportedly allows for peer-to-peer (P2P) microcredit lending. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Julia Kurney, Founding Partner of Senegal Ecovillage Microfinance, Launches Zidisha.org, a Nonprofit Organization that Reportedly Allows Peer-to-Peer Microcredit Lending Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: President of the Cambodian Microfinance Association (CMA) Describes 2009 as a “Difficult” Year for Microfinance in Cambodia

According to Hout Ieng Tong, the president of the Cambodian Microfinance Association (CMA), microfinance in Cambodia had a “difficult” year in 2009 in terms of non-performing loans (NPLs), profits, and loan disbursement [1,2]. Continue reading

Share

MICROCAPITAL BRIEF: Cambodian Microfinance Association (CMA) Reports Poor 2009 Performance for Microfinance Institutions in Cambodia

The Cambodian Microfinance Association (CMA) recently reported that non-performing loans (NPLs) rose an estimated 2.3 percentage points in 2009, as profits from most microcredit lending firms fell by double digits. Continue reading

Share

MICROCAPITAL BRIEF: Non-Convertible Debentures (NCDs) Gain Popularity as New Source of Fundraising for Indian Microfinance Institutions (MFIs)

A recent article published by the Microfinance Focus website commented on the growing tendency of Indian microfinance institutions (MFIs) to raise funds via non-convertible debentures (NCDs). Continue reading

Share

MICROCAPITAL BRIEF: Mr Vijay Mahajan and Mr P N Vasudevan Debate Self-Regulation in Indian Microfinance Industry

Mr Vijay Mahajan, Chairman of BASIX and a Board Member of CGAP (Consultative Group to Assist the Poor), and Mr P N Vasudevan, Managing Director of Equitas Micro Finance, recently published an article entitled, ‘Microfinance in India: Twin Steps towards Self-Regulation.’ Continue reading

Share

MICROCAPITAL BRIEF: Moroccan Government Supports Microfinance Industry’s Path to Recovery in 2010

According to a paper published by Mr Xavier Reille of CGAP (Consultative Group to Assist the Poor), “Few countries boasted as strong and as vibrant a microfinance sector than Morocco, where microfinance institutions (MFIs) saw the size of their combined loan portfolio multiply 11 times between 2004 and 2007.” Continue reading

Share

MICROCAPITAL BRIEF: Mr Richard Rosenberg of CGAP (Consultative Group to Assist the Poor) Examines Effectiveness of Microcredit as Doubts Grow

In a recently published article by CGAP (Consultative Group to Assist the Poor) entitled, ‘Does Microcredit Really Help Poor People,’ Mr Richard Rosenberg examines the scrutiny surrounding the effectiveness of microcredit in alleviating poverty. Continue reading

Share

MICROCAPITAL BRIEF: Dubai Slump Affects Remittances to Poorer Neighbors in Middle East

According to a recent article in Indian daily The Economic Times, Dubai’s financial crisis has caused a ripple around the Arab world, “eating away at the money many Middle East families depend on, sent home from relatives who work in Persian Gulf countries.” Continue reading

Share

MICROCAPITAL BRIEF: Advans SA Raises $33m in Second Round of Fundraising From Existing Shareholders

Advans SA, a Luxembourg-based organization that mobilizes funds for microfinance institutions (MFIs), has raised EUR 23 million (USD 33 million) in its second round of fundraising. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Advans SA Raises $33m in Second Round of Fundraising From Existing Shareholders Posted in Africa, 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

Share
Written by Comments Off on 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 Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Microfinance Organizations Launch Fundraising Efforts to Help Haitian Earthquake Victims

Several microfinance institutions (MFIs) have launched fundraising campaigns to raise donations for the victims of the earthquake that struck Haiti on January 12, 2010. Continue reading

Share

MICROCAPITAL BRIEF: ICICI Prudential Asset Management Invests $900k in $10m Securitized Offering by Chennai-based Equitas Microfinance

ICICI Prudential Asset Management, an Indian fund manager, has invested in a securitized offering by Equitas Microfinance, an Indian microcredit lending firm based in Chennai, India. Continue reading

Share

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

Share