MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Allocates $5.3m to Test, Develop Social Impact Bond Market in Latin America, Caribbean

The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, recently announced that it has allocated USD 5.3 million for the testing, development and implementation of social impact bond (SIB) programs in Latin America and the Caribbean. Continue reading

MICROCAPITAL BRIEF: African Development Bank (AfDB) Announces $9m Line of Credit for Moza Banco of Mozambique for SMEs

The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, recently announced that it will issue a local-currency credit line equivalent to USD 9 million to Moza Banco, a private financial institution that focuses on small and medium-sized enterprises (SMEs) in Mozambique. Continue reading

MICROFINANCE PAPER WRAP-UP: “Financial Capability in Colombia: Results from a National Survey on Financial Behaviors, Attitudes, and Knowledge;” by Rekha Reddy, Miriam Bruhn and Congyan Tan; Published by The World Bank

“Financial Capability in Colombia: Results from a National Survey on Financial Behaviors, Attitudes, and Knowledge;” by Rekha Reddy, Miriam Bruhn and Congyan Tan; published by The World Bank; 2013; 87 pages; available at http://documents.worldbank.org/curated/en/2013/07/18054984/financial-capability-colombia-results-national-survey-financial-behaviors-attitudes-knowledge

This report, which was published by The World Bank, a US-based multilateral institution, analyzes a survey carried out in Colombia regarding “financial capabilities,” including behaviors, attitudes and knowledge regarding financial products. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $277m Investment for Financial Institutions in Western Balkans

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is considering investing an additional EUR 200 million (USD 277 million) through its Western Balkans Financing Framework, an initiative that funds development projects through intermediary financial institutions in Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia. Continue reading

MICROFINANCE PAPER WRAP-UP: “Dynamic Effects of Microcredit in Bangladesh,” Published by the Development Research Group of the World Bank

“Dynamic Effects of Microcredit in Bangladesh,” by Shahidur R. Khandker and Hussain A. Samad, published by The World Bank, March 2014, 50 pages, available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2417519

Microfinance institutions (MFIs) in Bangladesh have experienced rapid growth over the past two decades and in 2008 disbursed approximately USD 1.8 billion to approximately 30 million clients. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Responsible Equity Exits in Microfinance; Greenfield Microfinance Models in Africa; Mobile Financial Services Usage Among Rural Women in India, Philippines

“The Art of the Responsible Exit in Microfinance Equity Sales;” by Daniel Rozas, Deborah Drake, Estelle Lahaye, Katharine McKee and Danielle Piskadlo; published by CGAP (Consultative Group to Assist the Poor); April 2014; 32 pages; available at http://www.cgap.org/sites/default/files/Forum-Art-of-the-Responsible-Exit-April-2014.pdf

This paper explores how microfinance investment intermediaries (MIIs) and development finance institutions (DFIs) can exit responsibly from microfinance institutions (MFIs) in which they have invested equity as well as how investors can contribute to healthy development of the overall market. The authors conducted six case studies and interviewed representatives from MIIs, nongovernmental organizations, DFIs, MFIs and merger-and-acquisition specialists. Continue reading

MICROCAPITAL BRIEF: Financiera Edyficar Launches Microfinance Institution (MFI) Encumbra in Colombia

Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Credicorp, recently launched a microfinance institution (MFI) named Encumbra in the Colombian city of Medellin that will serve the micro- and small enterprise sector in the country. Continue reading

MICROCAPITAL BRIEF: Akhuwat, MyBiz Pakistan Launch Incubation Centre to Support Growth of Microenterprises in Pakistan

Akhuwat, a Pakistan-based nonprofit microfinance institution (MFI), in collaboration with MyBiz Pakistan, a nonprofit initiative that provides business advisory services and seed-stage financing for small businesses, recently launched the MyBiz Incubation Centre (MyBiz Incubation), a program that aims to develop microenterprises in the country. Continue reading

MICROCAPITAL BRIEF: Yes Bank’s Sampann, Housing Development Finance Corporation (HDFC) Bank Use “Doorstep” Banking in Rural India

Two private commercial banks based in the Indian city of Mumbai, Yes Bank and the Housing Development Finance Corporation (HDFC) Bank, reportedly have started using “doorstep” banking in rural India to reach more customers by offering services such as credit, savings and insurance at customers’ homes. Continue reading

MICROCAPITAL BRIEF: Airtel Ghana, MicroEnsure, Enterprise Life Roll Out Free Mobile Accident Insurance in Ghana

Airtel Ghana, a subsidiary of Indian telecommunications company Bharti Airtel; MicroEnsure, a UK-based microinsurance company founded by US-based Opportunity International; and Enterprise Life, an insurance company that is part of Ghana-based Enterprise Group, recently announced that 100,000 Airtel Ghana customers have registered for Airtel Insurance. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $69m to UniCredit Bank Serbia

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced that it is considering loaning EUR 50 million (USD 69 million) to UniCredit Bank Serbia, a subsidiary of Italy-based financial services company UniCredit Group. Continue reading

MICROCAPITAL BRIEF: Thai Office of Insurance Commission Promotes Microinsurance, Introduces $6 Life Product

The Office of Insurance Commission (OIC), a government agency that regulates and supervises the insurance industry of Thailand, has started a drive to promote microinsurance in the country and announced that it will launch a life insurance policy aimed at poor people [1]. Continue reading