MICROCAPITAL BRIEF: International Finance Corporation (IFC), MasterCard to Establish $250m Risk-Sharing Facility to Support Consumer Loans Distributed via Debit Card

MasterCard, a US-based payments and technology company, and the International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, reportedly have pledged to establish a USD 250 million risk-sharing facility, which is expected to provide an unspecified number of people in emerging markets with access to small loans via payment cards.  Continue reading

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MICROCAPITAL EVENT: 5th Pacific Microfinance Week: Next Mile Financial Services in the Pacific, September 21-25, 2015, Honiara, Solomon Islands

Event Name: 5th Pacific Microfinance Week 2015: Next Mile Financial Services in the Pacific

Event Date: September 21-25, 2015

Event Location: Heritage Park Hotel, Honiara, Solomon Islands

Event Summary: Pacific Microfinance Week (PMW) 2015 is a series of workshops, field visits and formal conference sessions focusing on providers of financial services for poor people in the Pacific region. The topics that will be discussed include digital finance and delivery channels, women’s empowerment through access to finance, enhancing the potential of non-bank financial institutions, policy and regulation, innovations in products and services, developing measures of financial inclusion, how corporate governance structures can improve organizational performance, and a special session on financial inclusion in the Solomon Islands. The most recent PMW was held in 2013. Continue reading

MICROCAPITAL BRIEF: The MasterCard Foundation, TechnoServe Extend “Strengthening Rural Youth Development through Enterprise” (STRYDE) in East Africa

The MasterCard Foundation, which is based in Canada, and TechnoServe, a US-based nonprofit organization, recently announced a five-year, USD 25.9 million partnership to support 48,000 young people in rural East Africa via a second phase of the Strengthening Rural Youth Development through Enterprise (STRYDE) program, which was first launched in August 2011[1]. Continue reading

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MICROCAPITAL BRIEF: Eco.business Fund Loans $10m to Banco Davivienda Costa Rica to Promote Biodiversity

The Luxembourg-based eco.business Fund, which was launched in 2014, announced recently that it has lent USD 10 million to Banco Davividenda Costa Rica, a unit of Colombia’s Bolivar Group, for on-lending to companies that work in sectors such as agriculture, forestry and fisheries, and are certified for their sustainability and contribution to biodiversity by entities such as the Germany-based FairTrade International or the US-based Rainforest Alliance. Continue reading

MICROCAPITAL BRIEF: Millicom International Cellular, Urwego Opportunity Bank Launch Tigo Sugira Mobile Savings in Rwanda

Millicom International Cellular, a Luxembourg-based telecommunications and media company, recently launched the mobile-based savings product Tigo Sugira in Rwanda with Urwego Opportunity Bank, a Rwandan microfinance institution [1]. Continue reading

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MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 12th Annual Conference “Microfinance and Banks: Are We the Right Partners?;” June 18-19, 2015; Dublin, Ireland

Event Name: 12th Annual EMN Conference “Microfinance and Banks: Are We the Right Partners?”

Event Date: June 18-19, 2015

Event Location: The Grand Hotel Malahide, Dublin, Ireland

Summary of Event: This conference will bring together microfinance practitioners from both European and developing countries to share, evaluate and challenge best practices in the microfinance industry. The discussion will center around the potential of cooperation among traditional financial service providers and microfinance practitioners in order to further the goal of promoting greater financial inclusion. Continue reading

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MICROCAPITAL BRIEF: Arab Fund for Economic and Social Development (AFESD) Loans $50m to Sudan for Rural Microfinance

The Arab Fund for Economic and Social Development, a 22-member multilateral financial institution, recently loaned USD 50 million to the Central Bank of Sudan, primarily for rural microlending. Continue reading

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MICROCAPITAL BRIEF: Deposit Protection Corporation Arranging Sale of MicroKing, Microfinance Subsidiary of AfrAsia Zimbabwe

The Zimbabwean Deposit Protection Corporation (DPC), recently announced that it is seeking a buyer for MicroKing Finance Limited, a microfinance subsidiary of AfrAsia Zimbabwe Holdings, which is domiciled in Mauritius. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Deposit Protection Corporation Arranging Sale of MicroKing, Microfinance Subsidiary of AfrAsia Zimbabwe Posted in Africa, Transparency

SPECIAL REPORT: European Microfinance Award Application Period Open Through June 3: $110k for Services in Post-Disaster, Post-Conflict, Fragile States

MicroCapital: Please tell us about the theme of this year’s EUR 100,000 (USD 110,000) European Microfinance Award: serving people in post-disaster, post-conflict and fragile states.

Davide Forcella: This is a very timely issue because of the increasing frequency of microfinance institutions (MFIs) being forced to operate under very difficult conditions, due to both natural disasters and human conflict. The aim of the prize is to reward MFIs that Continue reading

MICROCAPITAL BRIEF: FMO, Triodos Loan $35m to Khan Bank of Mongolia for On-Lending to Small, Medium-sized Enterprises (SMEs)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, and Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, have announced plans to invest a total of USD 35 million in Khan Bank, a commercial bank based in Mongolia, for on-lending to small and medium-sized enterprises (SMEs) in that country.  Continue reading

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE), International Finance Corporation (IFC) Loan $97m to Alternatifbank of Turkey for On-Lending to Micro, Small Enterprises (MSEs); Energy Efficiency; Renewable Energy

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and the International Finance Corporation (IFC), a member of the US-based World Bank Group that seeks to increase economic growth in developing countries, recently announced that the two organizations will disburse a senior loan of USD 97 million to Alternatifbank (ABank), a private commercial bank in Turkey. Continue reading

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MICROCAPITAL BRIEF: Kenya, Rwanda, Uganda Expanding One Area Network Agreement to Allow Cross-Border Mobile Money Transfers

The governments of Kenya, Rwanda and Uganda, which established One Area Network Agreement (OANA) in January to improve cross-border telecommunications, are seeking to expand its scope to allow mobile money transfers among the countries. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Government of Guinea-Bissau to Promote Leasing to Small, Medium-sized Enterprise

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has signed a cooperation agreement with the government of Guinea-Bissau. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan up to $10m to Prasac of Cambodia for On-Lending to Agricultural Micro-, Small, Medium-sized Enterprises (MSMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has opened a long-term credit line of up to USD 10 million to Prasac Microfinance Institution Limited, a Cambodian microfinance institution (MFI). Continue reading

MICROCAPITAL BRIEF: Papua New Guinea Commits to Digitizing Government Payments

The government of Papua New Guinea (PNG) recently committed to shifting all government payments, including government salaries and social protection payments, to electronic form, with the goal of increasing security, transparency, financial inclusion and convenience [1]. Continue reading

MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Latin America 2015;” May 28-29, 2015; Buenos Aires, Argentina

Event Name: TBLI Conference Latin America 2015

Event Date: May 28-29, 2015

Event Location: Centro Cívico Parque Patricios, Uspallata 3160, Buenos Aires, Argentina

Summary of Event: This conference will include panels on topics such as green real estate and sustainable urban development; renewable energy and energy infrastructure; sustainable agriculture; and the role of environmental, social and governance factors in investment decisions. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $40m to Banco Internacional of Ecuador for On-lending to Small, Medium Enterprises (SMEs), Women-Owned Businesses

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has lent USD 40 million to Banco Internacional, a commercial bank in Ecuador. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $40m to Banco Internacional of Ecuador for On-lending to Small, Medium Enterprises (SMEs), Women-Owned Businesses Posted in Deals, Latin America

MICROCAPITAL BRIEF: MasterCard, Alliance for Financial Inclusion (AFI) Seek to Advance Financial Inclusion via Public-Private Dialogue (PPD)

MasterCard, a US-based payments and technology company, and the Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, recently announced a partnership within AFI’s Public-Private Dialogue Platform (PPD) to promote financial inclusion [1]. Continue reading