MICROCAPITAL BRIEF: Government of Egypt, MasterCard to Link National ID Card to Mobile Money Services, Extending Financial Services to “54m” Egyptians

MasterCard, a US-based payments company, and the Egyptian government have collaborated to link identification cards to the previously existing mobile money platform in the country. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Government of Egypt, MasterCard to Link National ID Card to Mobile Money Services, Extending Financial Services to “54m” Egyptians Posted in Africa, Technology

MICROFINANCE EVENT: 12th “University Meets Microfinance” Workshop, Enhancing Food Security and Resilience to Climate Change: What Role for Microfinance, June 11-12, 2015, Bergamo, Italy

Event Name: 12th “University Meets Microfinance” Workshop, Enhancing Food Security and Resilience to Climate Change: What Role for Microfinance

Event Date: June 11-12, 2015

Event Location: University of Bergamo, Bergamo, Italy

Summary of Event: This conference will bring together academics, practitioners and students working on a variety of topics related to financial inclusion. Discussions will center around climate change, food security and microfinance, including case studies of financial services being used to mitigate the impact of climate change on smallholder farmers and ensure food security for these individuals and their families. Continue reading

Written by Comments Off on MICROFINANCE EVENT: 12th “University Meets Microfinance” Workshop, Enhancing Food Security and Resilience to Climate Change: What Role for Microfinance, June 11-12, 2015, Bergamo, Italy Posted in Events, Trends/Challenges

MICROCAPITAL BRIEF: Microfinance Institutions African Century Leasing (ACL) of Zimbabwe, Reefy of Egypt Acquire Banking Licenses; ACL to Accept Deposits

The Reserve Bank of Zimbabwe recently granted a banking license to African Century Leasing (ACL), making it the first microfinance institution in the country that may accept deposits. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Institutions African Century Leasing (ACL) of Zimbabwe, Reefy of Egypt Acquire Banking Licenses; ACL to Accept Deposits Posted in Africa, Regulation

MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Buys 33% Equity Stake in Alliance for Microfinance in Myanmar (AMFIM)

For an undisclosed price, Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small microfinance institutions (MFIs) in Asia, recently purchased a 33-percent stake in the Alliance for Microfinance in Myanmar (AMFIM), a deposit-taking MFI that was launched in Myanmar in 2014. Continue reading

MICROCAPITAL BRIEF: United Nations’ International Fund for Agricultural Development (IFAD) Grants $1.5m to Développement international Desjardins (DID) for Microfinance Operations in Central, West Africa

The International Fund for Agricultural Development (IFAD), an agency of the United Nations, has chosen to prolong the mandate originally given in 2013 to Développement international Desjardins (DID), a nonprofit member of the Canada-based Desjardins Group, with a grant of USD 561,000 for microcredit in Cameroon. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: United Nations’ International Fund for Agricultural Development (IFAD) Grants $1.5m to Développement international Desjardins (DID) for Microfinance Operations in Central, West Africa Posted in Africa, Key Players

MICROCAPITAL BRIEF: India’s West Bengal State Offers MSMEs $8k via Unsecured “Micro Business Credit Cards,” Funded by $32m from State Bank of India

The government of the Indian state of West Bengal recently secured INR 2 billion (USD 32 million) from the government-owned State Bank of India to fund “Micro Business Credit Cards” for micro-, small and medium-sized enterprises. Continue reading

MICROCAPITAL BRIEF: Goodwell West Africa Acquires 30% Stake in Microfinance Institution Women’s World Banking Ghana (WWBG)

Goodwell West Africa, one of four funds of the Netherlands’ Goodwell Investments, recently acquired a 30-percent share of Women’s World Banking Ghana (WWBG). Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Goodwell West Africa Acquires 30% Stake in Microfinance Institution Women’s World Banking Ghana (WWBG) Posted in Africa, Deals, Investment Funds

MICROFINANCE EVENT: Forum for Sustainable and Responsible Investment (US SIF) to Host “Sustainable Investing: Risk, Value, Impact!” Conference, May 4-6, 2015, Chicago, Illinois, USA

Event Name: Forum for Sustainable and Responsible Investment (US SIF) 2015 Conference, “Sustainable Investing: Risk, Value, Impact!”

Event Date: May 4-6, 2015

Event Location: The Westin Michigan Avenue, Chicago, Illinois, USA

Summary of Event: This conference will focus on trends and emerging issues in sustainable and responsible investing. Topics of discussion will include shareholder advocacy, serving Latino and immigrant communities, addressing the need for low carbon energy sources, “place-based” investing, water investment risks and opportunities, and corporate governance structures. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Maize Insurance in Burkina Faso, Risks to Microfinance in Pakistan, Claims Analysis in Health Microinsurance

“Loan Protection for Maize Farmers in Burkina Faso;” by Barbara Magnoni and Danielle Sobol; published by The MicroInsurance Centre; 2014; 13 pages; available at http://www.microinsurancecentre.org/resources/documents/milk-brief-35-doing-the-math-loan-protection-for-maize-farmers-in-burkina-faso/download.html

This paper presents the findings of a study focusing on the impact of droughts, specifically the costs to maize farmers in Burkina Faso. Continue reading

MICROCAPITAL BRIEF: USAID-Funded Lebanon Investment in Microfinance (LIM) Program Establishes Microfinance Association

Lebanon’s Ministry of Interior and Municipalities officially has approved the establishment of a microfinance association, whose membership will consist of the following Lebanese microfinance institutions (MFIs): Association for the Development of Rural Capacities, Association d’Entraide Professionnelle, Al Majmoua, Entrepreneurial Development Foundation, Emkan, Ibdaai Lebanon, Makhzoumi Foundation and Vitas. Continue reading

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MICROCAPITAL BRIEF: Advans SA Purchases 8.4% of Shares of Cambodian MFI Amret, Becomes Majority Shareholder; FMO Increases Stake to 19.9%

Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret. Continue reading

MICROCAPITAL BRIEF: Belcash, Moss ICT Ramp Up Mobile Money Services HelloCash, M-Birr in Ethiopia

Ethiopian banks and microfinance institutions increasingly are adopting mobile money services to allow their customers to send or receive money using mobile phones and other devices linked to their financial account. Continue reading

MICROCAPITAL BRIEF: Bank of Ghana Raises Microfinance Institution Capital Requirement to $263k

During the next three months, the Bank of Ghana, the country’s central bank, reportedly will raise the minimum capital requirement for microfinance institutions (MFIs) to GHS 1 million (USD 263,000). Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 19.9% Equity Stake in Cambodian Microfinance Institution Amret for $15m

The International Finance Corporation (IFC), member of the World Bank Group, recently acquired a 19.9-percent share of Amret, a microfinance institution in Cambodia, at a price of USD 15 million [1]. Continue reading

MICROCAPITAL BRIEF: World Bank Group’s International Finance Corporation (IFC) Increases Presence in Cameroon, Indonesia with $22m Equity Investment in Bank Mayora, Advisory Agreement with Advans Cameroun

The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs). Continue reading

MICROCAPITAL BRIEF: Triodos Sustainable Trade Fund Loans $800k to Organic Sesame Exporter Bioexport of Paraguay

The Triodos Sustainable Trade Fund, an investment vehicle managed by a unit of the Netherlands-based Triodos Bank, recently announced that it has invested in Bioexport, a Paraguayan firm that purchases sesame and other crops directly from farmers and cooperatives for export. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Triodos Sustainable Trade Fund Loans $800k to Organic Sesame Exporter Bioexport of Paraguay Posted in Deals, Latin America