The Philippine government recently issued an executive order institutionalizing a Financial Inclusion Steering Committee (FISC) to oversee implementation of the country’s National Strategy for Financial Inclusion (NSFI), which was launched in July 2015 to “raise awareness, appreciation and understanding of financial inclusion and enable coordination among various stakeholders.”
Event Name: Sa-Dhan National Conference 2016: “Financial Inclusion on Path to Sustainable Development Goals”
Event Date: September 14-15, 2016
Event Location: India Habitat Centre, Lodhi Road, New Delhi, India 110003
The registrar of microfinanciers of the Reserve Bank of Zimbabwe (RBZ), the country’s central banking authority, recently registered four additional microfinance institutions (MFIs) – Nurture Finance, Junior Marima, Gryton Capital and Realty Microfinance – bringing the total number of registered MFIs in Zimbabwe to 164.
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle, recently announced a senior loan of EUR 2 million (USD 2.3 million) to Agjencioni për Financim në Kosovë (AFK), a non-banking microfinance institution operating in Kosovo.
“A Change in Behavior: Innovations in Financial Capability”; published by the Center for Financial Inclusion at Accion; April 2016; 47 pages; available at http://www.centerforfinancialinclusion.org/fi2020/roadmap-to-inclusion/innovations-in-financial-capability
This document describes research aimed at identifying effective interventions for building the financial capability of microfinance customers, specifically as administered by three groups: financial service providers, governments and social service providers.
Event Name: Islamic Microfinance Summit
Event Dates: September 26-27, 2016
Event Location: Movenpick Hotel Jumeirah Beach, Dubai, United Arab Emirates
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently agreed to provide loan funds of up to TJS 15.7 million (USD 2 million) to Arvand, a Tajikistan-based microfinance institution (MFI), for on-lending to local micro- and small enterprises (MSEs).
The Asian Development Bank (ADB), a 67-member development finance institution headquartered in the Philippines, recently issued a credit facility of USD 50 million to CFPA Microfinance Management Company Limited, an investment vehicle of the NGO China Foundation for Poverty Alleviation (CFPA), to support rural microfinance in the People’s Republic of China (PRC).
Event Name: International Conference on Sustainable Development
Event Dates: September 16-17, 2016
“Finance for Smallholders: Opportunities for Risk Management by Linking Financial Institutions and Producer Organisations;” by J de la Rive Box et al; published by the Food & Business Knowledge Platform, Agri Pro Focus and the Platform for Inclusive Finance NPM; May 2016; 22 pages; available at: http://www.inclusivefinanceplatform.nl/documents/npm%20summary%20report%20finance%20for%20smallholders.pdf
Event Name: XIX Foromic 2016
Event Dates: October 24-26, 2016
Event Name: Small Enterprise Education and Promotion (SEEP) Network Annual Conference
Event Dates: September 19-21, 2016
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it has closed a USD 100 million syndicated A/B loan for Banco Continental SAECA, a commercial bank operating in Paraguay.
Cambodia’s Prasac Microfinance Institution Limited recently launched a suite of mobile banking services using the TranzWare processing platform from Compass Plus, an electronic payment systems provider with primary offices located in Russia and the United Kingdom.
VisionFund International, the microfinance arm of US-based NGO World Vision, recently selected UK-based BankBI Limited’s business intelligence and analytics software to manage its operations in 32 countries.
Successive interest rate cuts by the Reserve Bank of India (RBI) since 2015 have led to decreasing cost of funds for microfinance institutions (MFI) and a reduction in lending rates to end customers.
The Bill & Melinda Gates Foundation, a nonprofit organization based in the United States, recently announced that it will commit USD 80 million over three years to improve the availability and reliability of data on women and girls including: (i) how much time they spend on unpaid work; (ii) information on the efficacy of programs and other interventions; and (iii) how successful political leaders are in supporting gender equality.
Smart Communications Incorporated, a mobile services subsidiary of publicly-traded PLDT Incorporated (formerly the Philippines Long Distance Telephone Company), has partnered with the Philippine nonprofit International Care Ministries Foundation (ICMFI) to provide Smart Communications’ “SMART Money” mobile banking accounts to members of the Pototan community in Iloilo province.