MICROFINANCE EVENT: Inclusive Finance India Summit, December 5-6, 2016, New Delhi, India

Event Name: Inclusive Finance India Summit 2016

Event Date: December 5-6, 2016

Event Location: The Ashok Hotel, 50-B, Diplomatic Enclave, Chanakyapuri; New Delhi, Delhi 110021, India
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MICROCAPITAL BRIEF: Nicaragua’s Fabretto Acquires Grants Totaling $1.8m for Training Rural Youth from Japan Special Fund for Poverty Reduction, Multilateral Investment Fund

Fabretto, an educational NGO in Nicaragua, recently received grants from two entities managed by the US-based Inter-American Development Bank Group: (1) USD 1 million from the Japan Special Fund for Poverty Reduction (JPO), which is funded the government of Japan and; (2) USD 800,000 from the Multilateral Investment Fund (MIF), which assists organizations in Latin America and the Caribbean. Continue reading

MICROFINANCE EVENT: European Microfinance Platform (e-MFP) to Host European Microfinance Week, November 16-18, 2016, Luxembourg

Event Name: European Microfinance Week 2016

Event Date: November 16 – November 18, 2016

Event Location: Neimënster, 28 Rue Münster, L-2160 Luxembourg Continue reading

MICROCAPITAL BRIEF: Multilateral Investment Fund Approves $4m Equity Investment in Angel Ventures Pacific Alliance Fund for SMEs in Chile, Colombia, Mexico, Peru

The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB) Group, recently announced an equity investment USD 4 million in the newly-established Angel Ventures Pacific Alliance Fund (AVPAF), a Mexico-based venture capital fund targeting “start-up” and “scale-up” businesses in Chile, Colombia, Mexico and Peru. Continue reading

MICROCAPITAL BRIEF: Philippines Implementing Microfinance NGOs Act

Philippine officials recently finalized the implementing rules and regulations of the Microfinance NGOs Act, a measure signed into law on November 3, 2015, by then-President Beigno Aquino III that: (1) calls for the establishment of a microenterprise development strategy; (2) creates a microfinance NGO regulatory council that will accredit NGOs that offer financial services to microentrepreneurs and small-business owners. Continue reading

MICROFINANCE EVENT: Seed Africa Symposium, September 28-29, 2016, Nairobi, Kenya

Event Name: Seed Africa Symposium: From Innovation to Imitation – Replicating Successful Business Models for Green Growth and Sustainable Development

Event Date: September 28-29, 2016

Event Location: Safari Park Hotel, Thika Road, 00100 Nairobi, Kenya Continue reading

MICROFINANCE EVENT: Global Symposium on Innovative Financial Inclusion, September 21-22, 2016, Kuala Lumpur, Malaysia

Event Name: Global Symposium on Innovative Financial Inclusion: “Harnessing Innovation for Inclusive Finance”

Event Date: September 21 – September 22, 2016

Event Location: Sasana Kijang, Number 2, Jalan Dato’ Onn, 50480, Kuala Lumpur, Malaysia Continue reading

MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru, Romania, Including $3m for Education Lending

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania. Continue reading

MICROCAPITAL BRIEF: Maj Invest Raising Additional $25m for Financial Inclusion Fund II for Microfinance in Bolivia, Colombia, Ecuador, Peru

Maj Invest Group, a Denmark-based asset management and private equity firm, recently announced plans to grow its Maj Invest Financial Inclusion Fund II by USD 25 million to invest in Bolivia, Colombia, Ecuador and Peru. Continue reading

MICROFINANCE EVENT: Global SME Finance Forum 2016, September 19-21, 2016, Beijing, China

Event Name: Global SME Finance Forum 2016

Event Date: September 19-21, 2016

Event Location: Shangri La – China World Hotel, 1 Jianguomenwai Avenue, Beijing, 100004, China Continue reading

MICROCAPITAL BRIEF: India’s Nandan Nilekani, Ratan Tata, Vijay Kelkar, R.Venkataramanan Announce the Start of New Microfinance Company, Avanti Finance

Nandan Nilekani, Co-founder of Infosys Limited; Ratan Tata, Chairman Emeritus of Tata Sons; Vijay Kelkar, Chairman of India’s National Institute of Public Finance and Policy; and R. Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust, recently announced the launch of Avanti Finance, “a technology enabled financial inclusion vehicle.” Continue reading

MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Launches AgriBiashara to Bolster Agricultural Value Chains; Wajibu to Increase Financial Literacy, Youth Savings

The National Microfinance Bank (NMB), a microfinance institution (MFI) 51-percent owned by the government of Tanzania, recently announced the launch of two new programs: AgriBiashara, to support agricultural value chains, and Wajibu, a set of youth savings accounts formed through a partnership with Women’s World Banking, a US-based nonprofit that aims to increase access to financial services for low-income women.  Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Launches AgriBiashara to Bolster Agricultural Value Chains; Wajibu to Increase Financial Literacy, Youth Savings Posted in Africa, Deals, Trends/Challenges

MICROCAPITAL BRIEF: Uganda Development Bank to Issue “Small” Loans to Agricultural Businesses, Ugandan Regulators to Boost Enforcement of SACCO Regulations

The Finance Minister of Uganda, Matia Kasaija, recently announced plans to recapitalize the Uganda Development Bank (UDB), a public enterprise owned by the government of Uganda, with UGX 500 billion (USD 148 million). Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Uganda Development Bank to Issue “Small” Loans to Agricultural Businesses, Ugandan Regulators to Boost Enforcement of SACCO Regulations Posted in Africa, Regulation, Transparency

MICROCAPITAL BRIEF: Rwanda’s New Faces New Voices Raising $20m for Women’s Microfinance Fund, 25% From Selling Shares to Members

New Faces New Voices (NFNV), a group of advocates from 15 African countries focusing on expanding financial inclusion for women, recently announced plans to raise RWF 16 billion (USD 20 million) for a fund to expand women’s access to finance. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $4.5m to Microfinance Institution Alter Modus of Montenegro

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, recently announced it will loan the euro-equivalent of USD 4.5 million to Continue reading

MICROFINANCE EVENT: Progress and Future Direction of Financial Inclusion, October 17, 2016, London, United Kingdom

Event Name: Progress and Future Direction of Financial Inclusion

Event Dates: October 17, 2016

Event Location: European Bank of Reconstruction and Development, London, United Kingdom

Cost: This event is free of charge. Continue reading

Written by Comments Off on MICROFINANCE EVENT: Progress and Future Direction of Financial Inclusion, October 17, 2016, London, United Kingdom Posted in Events, Trends/Challenges

MICROCAPITAL BRIEF: Netherlands’ FMO Appoints Jürgen Rigterink as CEO

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that Jürgen Rigterink will take over as its Chief Executive Officer (CEO) as of October 2016, pending approval by the Dutch central bank. Continue reading