MICROCAPITAL BRIEF: AccessBank Azerbaijan Receives $15m Loan from Green for Growth Fund for Financing Energy-Efficient Projects

AccessBank Azerbaijan, a microfinance bank (MFB) in Azerbaijan, has borrowed USD 15 million from the Green for Growth Fund, Southeast Europe (GGF), a European public-private partnership that focuses on improving energy efficiency and promoting renewable energy sources in Southeastern Europe, with the aim of increasing AccessBank’s financing of energy-efficient projects. Continue reading

MICROCAPITAL BRIEF: Gemalto, GSM Association to Provide Mobile Services to Support “Pan-African Mobile Health Initiative” for Mothers, Children

Gemalto, a publicly traded digital security firm located in the Netherlands, reportedly has announced its support of the Pan-African Mobile Health Initiative (PAMI), which uses mobile phones to address issues in nutrition and maternal and child health in seven African countries. Continue reading

MICROCAPITAL BRIEF: World Bank Group (WBG) Loans $12m, Donates $12m to Government of Mozambique for Financial Sector Reform, Including to Boost Financial Inclusion

The World Bank Group (WBG), a US-based multilateral financial institution recently approved a USD 25 million financing package consisting of a loan of USD 12.5 million and a grant of USD 12.5 million to support the “First Programmatic Financial Sector Development Policy Operation (DPO)”[1] of the government of Mozambique. Continue reading

MICROCAPITAL BRIEF: Mentors International Implements Mambu’s Cloud Banking Software to Support Lending to Small, Medium-sized Enterprises in El Salvador, Guatemala, Honduras, Peru, Philippines

Mentors International, a US-based nonprofit microfinance institution (MFI) that seeks to help poor people in developing countries become self-sufficient, recently has signed on to use the banking software of Mambu, a Germany-based technology company that offers cloud-based banking solutions. Continue reading

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Transfers Management of French-language Training to Luxembourg-based ADA, Côte d’Ivoire-based Africa Microfinance Network (AFMIN)

CGAP (Consultative Group to Assist the Poor), a US-based, nonprofit policy and research center that aims to facilitate the expansion of financial access, recently has granted a mandate to manage nine of its training modules in African countries in which French is a primary language to ADA, a Luxembourg-based NGO that promotes inclusive finance, and the African Microfinance Network (AFMIN), an Abidjan-based association of 24 networks of African microfinance institutions (MFIs). Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Promoting External Advice for Small and Medium-Sized Enterprises (SMEs) in Kyrgyzstan

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, has launched an information campaign to increase awareness of “the value of external advice for small and medium-sized enterprises (SMEs)”[1] in Kyrgyzstan. Continue reading

MICROCAPITAL BRIEF: European Investment Fund (EIF) to Guarantee Loans Disbursed by UniCredit Bulbank to Microenterprises in Bulgaria Under Progress Microfinance Facility

The European Investment Fund (EIF), a provider of finance to organizations that lend to micro-, small and medium-sized enterprises (MSMEs) in Europe, and UniCredit Bulbank, a Bulgarian banking unit of UniCredit Group of Italy, have announced a guarantee agreement that will enable UniCredit Bulbank to support increased financial inclusion of approximately 270 microenterprises in the country [1]. Continue reading

MICROFINANCE EVENT: Alliance for Financial Inclusion (AFI), Central Bank of Trinidad and Tobago Present “2014 AFI Global Policy Forum,” September 9-11, 2014, Port of Spain, Trinidad and Tobago

Event Name: Alliance for Financial Inclusion Global Policy Forum “Global Partnerships, National Goals, Empowering People”

Event Date: September 9 – 11, 2014

Event Location: Port of Spain, Trinidad and Tobago Continue reading

MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) Rwanda, Kenya Commercial Bank Group (KCB), Kenya’s I&M Bank, Rwanda’s RSwitch to Offer Cardless ATM Banking Services in Rwanda

Mobile Telecommunications Network (MTN) Rwanda, the Rwandan branch of South Africa-based mobile telecommunications company MTN, reportedly has announced a partnership with Kenya Commercial Bank Group (KCB) and I&M Bank, which both offer corporate and retail banking services in Kenya, and RSwitch, an electronic payment service firm based in Rwanda, to offer cardless automated teller machine (ATM) services in Rwanda. Continue reading

MICROCAPITAL BRIEF: Qalaa Holdings of Egypt Increases Stake in Microlender Tanmeyah from 50% to 70% for $2.1m

Qalaa Holdings, an Egypt-based private equity firm previously named Citadel Capital, reportedly has finalized an EGP 15 million (USD 2.1 million) increase in its equity holding in Tanmeyah, an Egypt-based provider of loans and microinsurance that focuses on low-income individuals and micro- and small enterprises (MSEs). Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video

“Microfinance Banana Skins 2014: Facing Reality;” published by Centre for the Study of Financial Innovation; July 2014; 84 pages; available athttp://csfi.org/files/Microfinance_Banana_Skins_2014_-_WEB.pdf

This report, which is based on data collected by surveying 306 people associated with the microfinance industry, examines 19 risks faced by microfinance institutions (MFIs) across the globe. Continue reading

MICROCAPITAL BRIEF: World Bank Group (WBG) Loans $500m to Government of Indonesia for Financial Sector Reform, Including to Boost Financial Inclusion

The World Bank Group (WBG), a US-based international financial institution, has recently approved a USD 500 million “Financial Sector Reform and Modernization Development Policy Loan”[1] (FSRM DPL) for the government of Indonesia. Continue reading

MICROCAPITAL BRIEF: Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries

Gate Global Impact and RocketHub, US-based organizations that “crowdfund” small amounts of money online from large numbers of people, have developed partnerships with the United Nations Global Compact, a policy initiative aligning businesses committed to operating in accordance with UN human rights standards, and the US State Department, which manages the United States’ international relations and policy. Continue reading

MICROCAPITAL BRIEF: National Housing Bank (NHB) of India Approves Muthoot Finance to Offer Home Mortgages

The National Housing Bank (NHB), the Indian governmental agency that oversees housing finance, reportedly has granted Muthoot Finance, an Indian non-banking finance company (NBFC) that lends using gold items as collateral, approval to begin providing housing finance services. Continue reading