Category: Trends/Challenges

MICROCAPITAL BRIEF: India’s Microfinance Institutions Network (MFIN) Members to Create Credit Bureau in an Effort to Prevent Client Overindebtedness and Maximize Repayment

India’s Microfinance Institutions Network (MFIN), a self-regulatory organization of 31 of India’s largest microfinance companies, recently said its members will provide borrowers’ names, addresses and loan details to a credit bureau they have created, Alpha Micro Finance Consultants P Ltd (Alpha), in an effort to prevent client overindebtedness and maximize repayment. Continue reading

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MEET THE BOSS: Discussions on Microfinance Investment Vehicles (MIVs) and Impact Investing: Interview with Paul DiLeo, Co-Founder and Managing Partner of Grassroots Capital

Paul DiLeo, Managing Partner at Grassroots Capital, plays a role in attracting private capital to the company, creating investment vehicles to address market gaps and raising funding to support new initiatives.  Mr. DiLeo launched and now co-manages the Global Microfinance Equity Fund and the Gray Ghost Microfinance Fund, which is a private, for-profit microfinance fund originally established to demonstrate the viability of microfinance investment.  He obtained his bachelor’s degree from the University of Massachusetts (US), has a master’s degree from Boston University (US) and completed studies in business accounting and finance at New York University (US). Continue reading

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MEET THE BOSS: Interview with Craig Churchill, Head of the International Labour Organization’s (ILO’s) Microinsurance Innovation Facility

Craig Churchill serves as the Chair of the Microinsurance Network and as Senior Technical Officer of the International Labour Organization’s (ILO’s) Social Finance Programme. Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance, a Microfinance Institution (MFI) Based in India, Expected to File for Initial Public Offering (IPO) in Next Four Weeks

SKS Microfinance Limited, a microfinance institution (MFI) based in India, is expected to file for an initial public offering (IPO) in the next three to four weeks, according to three sources that news provider, Reuters, does not name. Continue reading

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MICROCAPITAL BRIEF: PlaNIS Study Finds that Funds Dedicated to Microfinance Saw Assets Increase by 16 Percent in 2009

According to a study by PlaNIS, a PlaNet Finance entity that advises microfinance investment funds, European funds dedicated to microfinance have increased their assets by 16 percent in 2009. Continue reading

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MICROCAPITAL BRIEF: Economist Intelligence Unit (EIU) Ranks the Philippines “Best” in World in Terms of Microfinance Regulatory Framework

A study conducted by the Economist Intelligence Unit (EIU), the business information arm of The Economist Group, the producer of The Economist weekly magazine, has ranked the Philippines as first in the world in terms of its microfinance regulatory framework and third in the world in terms of its microfinance business environment, following Peru and Bolivia. Continue reading

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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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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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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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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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