Category: Trends/Challenges

MICROCAPITAL EVENT: “Thirteenth Annual Digital Money Forum” March 10-11, 2010, London, Provided by CGAP (Consultative Group to Assist the Poor), With Support from ACI Worldwide and Sponsorship by Visa

Event Name: Thirteenth Annual Digital Money Forum

Event Date/Time: March 10 – 11, 2010

Event Location: Guoman Hotel, Charing Cross, London

Event Website: http://www.digitalmoneyforum.com/

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

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Written by Comments Off on MICROCAPITAL EVENT: “Thirteenth Annual Digital Money Forum” March 10-11, 2010, London, Provided by CGAP (Consultative Group to Assist the Poor), With Support from ACI Worldwide and Sponsorship by Visa Posted in Events, Technology, Trends/Challenges

MICROFINANCE PAPER WRAP-UP: Microfinance as a Poverty Reduction Tool – A Critical Assessment by Anis Chowdhury

Written by Anis Chowdhury, Professor of Economics at the University of Western Sydney, Australia and Senior Economic Affairs Officer at United Nations Department of Economic and Social Affairs (UN-DESA); DESA Working Paper No. 89; December 2009; 13 pages, available at www.un.org/esa/desa/papers/2009/wp89_2009.pdf

This working paper debates the effectiveness of microfinance as a tool for poverty reduction. Continue reading

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MICROCAPITAL BRIEF: Interest Rates and Microfinance Debated in “Does Micro Finance Alleviate Poverty? Borrowers Response” Seminar in Dhaka, Bangladesh

Rapport Bangladesh Limited (RBL), a professional management services organization, recently organized a seminar in Dhaka titled “Does Micro Finance Alleviate Poverty? Borrowers Response”. Continue reading

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MICROCAPITAL BRIEF: Al-Amal Microfinance Bank of Yemen Provides $1.5m in Loans to 5858 Low-Income Individuals in 2009

In 2009, Al-Amal Microfinance Bank, a microcredit bank established in 2002 in Yemen, provided credit of YER 300 million (USD 1.5 million) to 5,858 low-income individuals. Continue reading

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MICROFINANCE EVENT: “Water It Down!: What Does Clean Water Have to Do With Microfinance and Ridding the World of Poverty?” organized by Silicon Valley Microfinance Network (SVMN) in San Francisco, California, US; January 12, 2010

Event Name: Water it Down!: What does clean water have to do with microfinance and ridding the world of poverty?

Event Description: The guest speakers, Gary White and April Rinne, from WaterCredit, a newly launched initiative by Water.org, intends to address the relationship between water sanitation and microfinance in poverty alleviation. WaterCredit program provides microcredit loans to the poor so that they may eventually tackle their own water needs. Continue reading

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Written by Comments Off on MICROFINANCE EVENT: “Water It Down!: What Does Clean Water Have to Do With Microfinance and Ridding the World of Poverty?” organized by Silicon Valley Microfinance Network (SVMN) in San Francisco, California, US; January 12, 2010 Posted in Events, Trends/Challenges

MICROCAPITAL BRIEF: Critics Claim that Bosnian Microfinance Institutions Simply Issuing “Commercial Loans Masquerading as Microfinance”

A recent article from Al Jazeera English, an English-language news source based in Qatar, cited critics blaming the decline in the Bosnian microfinance sector on the profit-driven orientation of the country’s microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: African Development Bank (AfDB) Approves $660k Grant to Access Bank Tanzania (ABT), a Microfinance Bank in Tanzania

The African Development Bank (AfDB), a regional development organization in Africa, has approved a USD 660,000 grant to Access Bank Tanzania (ABT), a newly established commercial bank in Tanzania focusing on microfinance. The initiative was made possible through the Fund for African Private Sector Assistance (FAPA), a subsidiary of the Enhanced Private Sector Assistance program, which is a billion-dollar initiative of the government of Japan and the AfDB to promote private sector development in Africa. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: African Development Bank (AfDB) Approves $660k Grant to Access Bank Tanzania (ABT), a Microfinance Bank in Tanzania Posted in Africa, Key Players, Trends/Challenges

MICROCAPITAL BRIEF: The Central Bank of Nigeria (CBN) Investigates “Fraudulent Practices” at Five Recently Failed Nigerian Microfinance Banks

Mr. Olufemi Fabanwo, Nigeria’s (CBN) Director of the Other Financial Institutions Department, told news agencies that the central bank will investigate five recently failed microfinance banks and, if any operators are found to be fraudulent, he or she will be handed over to the EFCC, the country’s law enforcement agency. Operators are considered fraudulent if they have no state license to engage in banking activities. The five banks are: Integrated Microfinance Bank, KFC Microfinance Bank, Bristol Microfinance Bank, Unique Microfinance Bank, and Milestone Microfinance Bank, all based in Lagos. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: The Central Bank of Nigeria (CBN) Investigates “Fraudulent Practices” at Five Recently Failed Nigerian Microfinance Banks Posted in Africa, Regulation, Trends/Challenges

MICROCAPITAL BRIEF: Conglomerates Enter the Microfinance Industry in South Korea Via the Government-Inspired Miso (Smile) Microcredit Foundation

After Samsung, one of the world’s largest conglomerates by revenue, and Woori Financial Group, a Seoul-based financial services holding company, recently opened branches of the Miso Microcredit Foundation, other Korean conglomerates have begun to follow suit. The Miso (Smile) Microcredit Foundation is a government-led microcredit lending program in Korea that plans to raise KRW 2 trillion (USD 1.69 billion) over the next 10 years. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Indonesia Predicts Increase in Microcredit for Small and Medium-sized Enterprises (SMEs) in North Sumatra

Bank Indonesia (BI), the central bank of Indonesia, has predicted that the supply of microcredit to low and medium-income enterprises will increase this year. According to Gatot Sugiono, a BI representative from Medan, the capital of North Sumatara, the supply of microcredit could increase to above 50 percent of total bank credits in North Sumatra. The increase would suggest greater access to credit among low-income enterprises. Mr. Sugiono recently estimated the present supply of microcredit at IDR 68.3 trillion (USD 7.2 billion). [1] Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Central Bank of Indonesia Predicts Increase in Microcredit for Small and Medium-sized Enterprises (SMEs) in North Sumatra Posted in Key Players, Trends/Challenges

MICROCAPITAL BRIEF: Abhijit Vinayak Banerjee and Esther Duflo of MIT, Dean Karlan of Yale Write New York Times Article Entitled “The Role of Microfinance”

Abhijit Vinayak Banerjee and Esther Duflo of the Massachusetts Institute of Technology (MIT) and Dean Karlan of Yale University of Connecticut have written an editorial for the New York Times entitled “The Role of Microfinance” [1]. Continue reading

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MICROCAPITAL BRIEF: Reynaldo G. David, President and Chief Executive Officer (CEO) of the State-Owned Development Bank of the Philippines (DBP), Comments on the DBP’s Efforts to Support Micro, Small, and Medium Enterprises (MSMEs) Through a Wider “Range of Activities”

Reynaldo G. David, President and Chief Executive Officer (CEO) of the state-owned Development Bank of the Philippines (DBP), has commented on the DBP’s efforts to increase support for micro, small, and medium enterprises (MSMEs) through a wider “range of activities” [1,2]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Reynaldo G. David, President and Chief Executive Officer (CEO) of the State-Owned Development Bank of the Philippines (DBP), Comments on the DBP’s Efforts to Support Micro, Small, and Medium Enterprises (MSMEs) Through a Wider “Range of Activities” Posted in South Asia, East Asia and Pacific, Trends/Challenges

MICROCAPITAL BRIEF: Microfinance Focus Article Describes 2009 as “Watershed” Year in Microfinance Due to a Surge in Private Equity Investment

A Microfinance Focus article by Asma Azmi has described 2009 as a “watershed” year for microfinance in India due to a surge in private equity investment [1].

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MICROFINANCE PAPER WRAP-UP: Climate Change and Microfinance by Asif Dowla

Written by Asif Dowla, published by Grameen Foundation and Oxfam America in November 2009, 39 pages, available at: http://www.oxfamamerica.org/press/pressreleases/grameen-foundation-and-oxfam-america-release-new-report-on-climate-change-and-microfinance Continue reading

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MICROCAPITAL BRIEF: Nigeria Deposit Insurance Corporation (NDIC) Blames Microfinance Institutions (MFIs) for Lending Failures, MFIs Fault “Bad” Nigerian Borrowers

Amidst the turmoil in Nigeria’s microfinance sector, industry players seem to be holding each other responsible for the industry’s failures. Continue reading

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MICROCAPITAL BRIEF: “Banking on Microfinance” Conference in Egypt, Organized by Italy-based Intesa Sanpaolo, Underscores “For-Profit vs. Non-Profit” Debate

The recent “Banking on Microfinance” conference, organized by Italy-based Intesa Sanpaolo, underscored the “for-profit vs. non-profit” debate in the microfinance industry. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: “Banking on Microfinance” Conference in Egypt, Organized by Italy-based Intesa Sanpaolo, Underscores “For-Profit vs. Non-Profit” Debate Posted in Africa, Middle East, Trends/Challenges