Written by Xavier Reille, Christoph Kneiding, Daniel Rozas, Nick O’Donohoe and Frederic Rozeira de Mariz, published by CGAP (Consultative Group to Assist the Poor), March 2010, 40 pages, available at: http://www.cgap.org/gm/document-1.9.42531/OP16R.pdf
The authors of the paper aim to provide the investor community with benchmarks for the valuation of microfinance assets using two datasets, one being a sample of 200 private equity transactions between 2005 and 2009, the other being data on eight publicly listed low-income financial institutions (LIFIs).
The World Bank Group, a group of five organizations with a mission to improve living standards for people in the developing world, has published the fourth iteration of its Remittance Prices Worldwide database.
Kashf Foundation, a microfinance institution (MFI) in Pakistan, and Kashf Microfinance Bank, a full-service microfinance bank founded by the Kashf Foundation in 2008, have signed an agreement to begin setting up savings kiosks at Kashf Foundation branches.
Event Name: Latin American Forum: Carrying out Social Management in Microfinance: “Turning Mission into Practice”
Event Date: April 28 to April 29, 2010
Event Location: Hotel Holiday Inn Managua, Nicaragua
Event Website: http://www.redcamif.org/eventos/vista-evento/i-foro-latinoamericano-gestion-de-desemepeno-social-llevando-la-mision-a-la-practica/event/20100428/?cHash=b7672c36f4
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
Microfinance Insights, a publication produced by the social-sector advisory firm Intellecap, recently released a survey report titled, “Is Information and Communication Technology Fueling the Growth of Microfinance?”
The Partnership for Making Finance Work for Africa (MFW4A), an initiative that aims to coordinate financial sector development between African governments, the private sector and development organizations, recently launched a website, www.mfw4a.org.
The Reserve Bank of Fiji (RBF) has announced that a program to create microfinance units within commercial banks is progressing smoothly and that the program should be fully operational by the end of the year.
In a recent article, Akin Ogunbiyi, the managing director of an insurance provider in Nigeria, Mutual Benefits Assurance Plc, spoke about the future for microinsurance in Nigeria.
CHF International, a US-based international development and humanitarian assistance non-profit organization, has set up a private holding company, CHF Finance Group, to house its commercial microfinance institution (MFI) subsidiaries.
Written by Karel Janda and Barbora Svárovská, published by the Institute of Economic Studies, Faculty of Social Sciences Charles University in Prague, 2009, 35 pages, available at:
This paper aims to measure the performance of microfinance investment vehicles (MIVs) in terms of risk and returns to investors.
At a recent event gathering a number of Filipino public and private agencies from both the entrepreneurial and academic sector it came to light that the microfinance industry in the Philippines has grown into a PHP 12 billion (USD 200 million) industry.
The Kenya Women Finance Trust (KWFT), a microfinance institution (MFI) that currently provides credit to over 334,000 women clients, has been granted a license to accept deposits.
In an interview with Vikash Humar, Editor in Chief of Microfinance Focus, Mohammad Yunus, founder of Grameen Bank, blasted profit-seeking microfinance institutions (MFIs). He likened these institutions, which he defined as those who charge more than 15 percent plus the cost of funds, to the loan sharks that necessitated the foundation Grameen. While reluctant to name names, Mr Yunus offered Compartamos Banco, a Mexican microfinance bank founded in 1990, as an example of one of these firms. Mr Yunus additionally spoke out against IPOs by MFIs, such as Compartamos Banco and SKS Microfinance, a microfinance institution (MFI), launched in 1998, which caters to women clients in India.
Written by Annabel Vanroose and Bert D’Espallier, published by the Emile Bernheim Center Research Institute in Management Sciences at the Solvay Brussels School of Economics and Management in September 2009, 41 pages, available at http://www.solvay.edu/EN/Research/Bernheim/documents/wp09040.pdf
This paper aims to determine the impact of formal banking sector development on several measures of performance of microfinance institutions (MFIs).
SKS Microfinance, an Indian microfinance institution (MFI) registered as a non-banking financial company (NBFC), reportedly has plans to apply for a commercial banking license. An unnamed source told Indian news agency, Press Trust of India, that “SKS Microfinance is likely to approach the Reserve Bank [of India] for a banking license once the guidelines are issued.”
According to microfinance industry officials in Cambodia, in the first quarter of 2010, non-performing loan (NPL) rates have remained mostly steady and loan disbursement by microfinance institutions (MFIs) has increased over the fourth quarter 2009.
The European Fund for Southeast Europe (EFSE), a microfinance investment fund based in Luxembourg, recently announced plans to extend a EUR 6 million (USD 8.1 million) credit line to Intesa Sanpaolo Banka d.d. BiH, a commercial bank in Bosnia and Herzegovina that is majority-owned by Intesa Sanpaolo Group of Italy.
The nonprofit Microfinance Information Exchange (MIX) has released its April 2010 e-newsletter highlighting recent and upcoming MIX activities, publications and upcoming microfinance events.