MICROCAPITAL BRIEF: South Africa’s Jumo Launches Microcredit Borrower Assessment Technology Based on Mobile Telephone Usage Data

Jumo, the microfinance unit and “mobile money marketplace”[2] of AFB, a financial services company based in Cape Town, South Africa, recently launched a new borrower assessment service in Ghana, Kenya, Mauritius, Rwanda, South Africa, Tanzania, Uganda and Zambia. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: South Africa’s Jumo Launches Microcredit Borrower Assessment Technology Based on Mobile Telephone Usage Data Posted in Africa, Technology

MICROCAPITAL BRIEF: Base of the Pyramid Asia (BOPA) of Singapore Invests $1m in Convertible Debt into Cambodian Microfinance Institution (MFI) Chamroeun

Base of the Pyramid Asia (BOPA), a Singapore-based equity investor in small Asian microfinance institutions (MFIs), recently reported to MicroCapital that it has disbursed USD 1 million in subordinated, convertible debt to Cambodian MFI Chamroeun Microfinance Limited. Continue reading

MICROCAPITAL BRIEF: Singapore Management University, MasterCard Partner Academic Program on Social, Financial Inclusion

MasterCard, a US-based payments and technology company, recently formed a partnership with Singapore Management University (SMU) to establish an academic program on “Social and Financial Inclusion”[1]. Continue reading

MICROFINANCE EVENT: Multilateral Investment Fund (MIF) to Host 17th Annual Inter-American MicroEnterprise Forum (Foromic), October 26-28, 2015, Santiago, Chile

Event Name: Foromic 2015: The Future of Financial Inclusion Forum

Event Date: October 26-28, 2015

Event Location: CasaPiedra Convention Center, Santiago, Chile Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Appoints Nepal’s White Lotus Centre to Manage Business Oxygen Private Equity Fund to Invest in Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it has appointed White Lotus Centre Private Limited, a Nepalese advisory firm which specializes in “private sector development, public communications and project management”[2], as the fund manager for Business Oxygen, a private equity fund in Nepal that was founded in 2012. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Appoints Nepal’s White Lotus Centre to Manage Business Oxygen Private Equity Fund to Invest in Small, Medium-Sized Enterprises (SMEs) Posted in Key Players, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Asian Credit Fund of Kazakhstan Raises Equity from Employee-Owned Karavella, Base of the Pyramid Asia (BOPA)

Asian Credit Fund (ACF), a microfinance institution (MFI) based in Kazakhstan, recently informed MicroCapital that it has raised an undisclosed amount of cash through a second round of equity financing. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $30m to Georgia’s Bank Republic for On-lending to Small, Medium-sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it will provide a loan of USD 30 million to Bank Republic, which serves retail and corporate customers in Georgia as a subsidiary of the French financial services provider Société Générale. Continue reading

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $437k in Local Currency to Microfinance Institution (MFI) GRAINE of Burkina Faso

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has disbursed a local currency, two and a half-year loan equivalent to EUR 385,000 (USD 437,000) to Groupe d’Accompagnement a l’Investissement et a l’Epargne (GRAINE), an MFI in Burkina Faso. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $437k in Local Currency to Microfinance Institution (MFI) GRAINE of Burkina Faso Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: Tufts Fletcher School’s Leadership Program for Financial Inclusion Offers Fellowships for Banking Regulators, Policymakers from Developing Countries

The Fletcher School, US-based Tufts University’s graduate school of international affairs, has announced that it will offer nine-month fellowships within its Leadership Program for Financial Inclusion to representatives of regulatory authorities and policy-making institutions from developing countries. Continue reading

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MICROCAPITAL BRIEF: LOLC Micro Credit, VisionFund, Kredit Microfinance Institution, Agence Francaise de Developpement Finance Home Solar Panel Purchases in Cambodia

LOLC Micro Credit, the microfinance arm of Sri Lanka’s Lanka Orix Leasing Company (LOLC); VisionFund International, a microfinance investor owned by US-based Christian nonprofit World Vision; and Kredit Microfinance Institution, a microfinance institution (MFI) in Cambodia, have agreed to partner on a program run by Agence Francaise de Developpement, the international development arm of the French government, to provide loans for purchases of home solar panels in Cambodia. Continue reading

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MICROCAPITAL BRIEF: European Union (EU), European Bank for Reconstruction and Development (EBRD) to Extend Small Business Initiative to Turkmenistan

The European Union (EU) and the European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, have announced the extension of the Small Business Initiative, a program that provides loans and technical assistance to support small and medium-sized enterprises (SMEs), to Turkmenistan. Continue reading

MICROCAPITAL BRIEF: Opportunity International, ReGrow West Africa, Tata Communications Make Commitments at 11th Clinton Global Initiative (CGI) Annual Meeting

At the recent eleventh annual meeting of the Clinton Global Initiative (CGI), an initiative of the US-based Clinton Foundation, 123 new commitments to “alleviate poverty, create a cleaner environment and increase access to health care and education” were announced, including [1]: Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $7m to Microfinance Institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan, Uzbekistan

During September 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan and Uzbekistan. Continue reading

MICROFINANCE PAPER WRAP-UP: “Doing Digital Finance Right: The Case for Stronger Mitigation of Customer Risks”

“Doing Digital Finance Right: The Case for Stronger Mitigation of Customer Risks;” by Katherine McKee, Michelle Kaffenberger, Jamie Zimmerman; published by CGAP (Consultative Group to Assist the Poor); June 2015; 40 pages; available at: http://www.cgap.org/publications/doing-digital-finance-right

Digital financial services (DFS), which allow the use of cellular devices to make and receive payments without travelling to a brick-and-mortar bank branch, are believed by some to be a pathway toward financial inclusion for low-income people. Continue reading

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MICROFINANCE EVENT: European Marketing Research Center (EMRC) Presents “Africa Finance & Investment Forum 2015: Access to Finance/Promoting Entrepreneurship”, November 24 – 26, 2015, Cape Town, South Africa

Event Name: Africa Finance & Investment Forum 2015

Event Date: November 24-26, 2015

Event Location: Lord Charles Hotel, Cape Town, South Africa Continue reading

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MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations

The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 10 million to Vision Banco, a microfinance institution (MFI) in Paraguay. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $10m to Paraguay’s Vision Banco to Fund Water, Sanitation Facilities for Low-Income Populations Posted in Deals, Latin America

MICROFINANCE PAPER WRAP-UP: Symbiotics 2015 Microfinance Investment Vehicles (MIV) Survey Report: Market Data and Peer Group Analysis

“Symbiotics 2015 Microfinance Investment Vehicles (MIV) Survey Report: Market Data and Peer Group Analysis;” published by the Symbiotics Group; 2015; 45 pages; available at http://www.syminvest.com/papers/ed4710d3-cd20-4366-ad75-095f2b3adffe

Symbiotics, a Switzerland-based investment company that is “specialized in emerging, sustainable and inclusive finance,” recently published its ninth annual microfinance investment vehicles (MIVs) survey based on indicators reported by MIVs for 2014. Continue reading