Category: Trends/Challenges

MICROCAPITAL BRIEF: US Government Facilitates $2m Cash Transfer to Haitian Microfinance Institution (MFI) Fonkoze

The US government has facilitated a USD 2 million transfer in reserves from City National Bank of New Jersey (CNB) to 34 branches of Fonkoze, a Haitian microfinance institution (MFI) that had been running low on cash since the January 12 earthquake. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Creates Mandatory Exam for Microfinance Bank Managers

At the fourth Microfinance Conference in Abuja, Nigeria, the governor of the Central Bank of Nigeria (CBN), Mr Mallam Sanusi Lamido Sanusi, announced that all microfinance bank CEOs would be required to pass a CBN administered exam in order to continue managing their banks. Continue reading

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MICROCAPITAL BRIEF: Liquidity Crunch Forces Nepalese Microfinance Institutions (MFIs) to Increase Lending Rates

According to a recent article in the Kathmandu Post, Nepalese microfinance institutions (MFIs) that used to borrow from commercial banks at a four percent interest rate now have to borrow at seven percent—a 75 percent increase—due to the liquidity crunch. Continue reading

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MICROCAPITAL EVENT: Mobile Money Transfer (MMT) Americas Conference and Expo, March 8 – March 11, 2010, Cancun, Mexico

Event Name: Mobile Money Transfer (MMT) Americas Conference and Expo

Event Date: March 8 – March 11, 2010

Event Location: Cancun, Mexico

Event Website: http://www.mobile-money-transfer.com/americas

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

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MICROCAPITAL BRIEF: MIX Releases MicroBanking Bulletin No. 19, Providing Insight Into the Impact of the Global Economic and Financial Slowdown on the Microfinance Industry

The Microfinance Information Exchange (MIX), a business information and data services provider for the global microfinance industry, recently released the latest issue of The Microbanking Bulletin, an industry journal of microfinance performance. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: MIX Releases MicroBanking Bulletin No. 19, Providing Insight Into the Impact of the Global Economic and Financial Slowdown on the Microfinance Industry Posted in Key Players, Trends/Challenges

MICROCAPITAL BRIEF: Dhanlaxmi Bank Plans to Open 50 Customer Service Points (CSP) in Kerala, India, to Expand Microfinance Services

Dhanlaxmi Bank, an Indian bank in the state of Kerala, is expected to open 50 customer service points (CSP) in the near future to reach out to approximately 50,000 low-income individuals. Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation Releases Version 1.4 of Mifos Open Source Microfinance Institution Management Software

Grameen Foundation recently released the latest version of Mifos, its open source software platform for microfinance institutions. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Foundation Releases Version 1.4 of Mifos Open Source Microfinance Institution Management Software Posted in Technology, 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

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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

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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

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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

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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

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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

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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

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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

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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

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