Category: Youth

MICROCAPITAL BRIEF: Credit Suisse to Fund Opportunity International’s “Empowering Generational Change Through Education” in Africa, Asia, Latin America

Credit Suisse, a Swiss global financial services company with operations in 50 countries, has agreed to donate an undisclosed sum to Opportunity International, a US-based nonprofit providing microfinance in 22 countries, to launch a three-year program entitled “Empowering Generational Change Through Education” that focuses on lending for education initiatives. Continue reading

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SPECIAL REPORT: Youth Are Less Risky Borrowers? European Microfinance Week Participants on Serving Young People via Leasing, Peer Education, Automatic Teller Machines (ATMs)

Countering the perception that youth are riskier borrowers than older clients, Maria Perdomo, the manager of the UN Capital Development Fund’s YouthStart program, recently presented data from seven African microfinance institutions (MFIs) showing that all but one have lower rates of portfolio at risk (PAR) within the segments of their portfolios serving youth than organization-wide. Nonetheless, she noted, youth often make up a disproportionately small share of an MFI’s customer base because loan officers believe they are less likely than others to repay, which would threaten the bonus that many loan officers receive when more of their clients do repay their loans. Continue reading

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MICROFINANCE EVENT: Melbourne Microfinance Initiative (MMI) to Host Global Microfinance Case Competition, September 7-12, 2014

Event Name: 2014 Global Microfinance Case Competition

Event Dates: September 7-12, 2014

Event Location: Melbourne, Australia

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MICROFINANCE PUBLICATION ROUND-UP: Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video

“Microfinance Banana Skins 2014: Facing Reality;” published by Centre for the Study of Financial Innovation; July 2014; 84 pages; available athttp://csfi.org/files/Microfinance_Banana_Skins_2014_-_WEB.pdf

This report, which is based on data collected by surveying 306 people associated with the microfinance industry, examines 19 risks faced by microfinance institutions (MFIs) across the globe. Continue reading

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MICROCAPITAL BRIEF: Reserve Bank of India (RBI) to Allow Minors Over Age 10 to Open Savings Accounts

The Reserve Bank of India (RBI), a government agency charged with overseeing the Indian financial sector, reportedly has decided to allow minors over 10 years of age to open savings accounts at banks without the supervision of a guardian. Continue reading

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MICROFINANCE EVENT: Child and Youth Finance International (CYFI) to Sponsor Worldwide Events for “Global Money Week 2014”, March 10 – 17, 2014

Event Name: Global Money Week 2014

Event Date: March 10 – March 17, 2014

Event Location: Separate events will be held in approximately 80 countries across Africa, the Americas, Asia, Europe, the Middle East and the Pacific. Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Child and Youth Finance International (CYFI) to Sponsor Worldwide Events for “Global Money Week 2014”, March 10 – 17, 2014 Posted in Events, Youth

SPECIAL REPORT: Youth Financial Inclusion Group Tackles Business Training, Scaling-up, Dormant Accounts, Program Indicators, Self-sufficiency at European Microfinance Week

As part of the opening day of European Microfinance Week, a series of events hosted by the Luxembourg-based European Microfinance Platform (e-MFP), the Youth Financial Inclusion Action Group of e-MFP met today to carry on its work relating to savings and other financial services for young people, particularly those aged 15 to 24. Continue reading

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