MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

MICROCAPITAL BRIEF: SimbaPay Enables Remittances to Kenya, Nigeria from 5 Additional European Countries

SimbaPay, a UK-based digital money transfer service, recently announced it is expanding its money transfer service to France, Germany, Ireland, Italy and Spain. Continue reading

MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1]. Continue reading

MICROCAPITAL BRIEF: Stellar, Oradian Set Up Payment Transfer Network Among Rural Nigerian Microfinance Institutions

Stellar, a US-based nonprofit technology provider, and Oradian, a Croatia-based software developer serving financial organizations in West Africa, are setting up a “payment transfer network” to connect rural Nigerian microfinance institutions (MFIs). Continue reading

MICROCAPITAL BRIEF: Agora Microfinance, BRAC, Juhudi Kilimo, One Acre Fund, Opportunity, VisionFund International Launch “Propagate” Coalition to Support Financing of Small-scale Farmers

Six microfinance organizations based on four continents recently formed a coalition, called Propagate, to encourage the financing of small-scale farmers to help them improve their productivity and access to markets by (1) lowering economic barriers to entry; (2) enabling growth of financial services for smallholders; and (3) creating commercial and operational partnerships. The founding coalition members are Netherlands-based Agora Microfinance; Bangladesh-based development organization BRAC; for-profit Kenyan microlender Juhudi Kilimo; One Acre Fund, an NGO serving farmers in four African countries; US-based Opportunity International and UK-based VisionFund International. Continue reading

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MICROCAPITAL BRIEF: Mobile Phone Service Provider Tigo Tanzania Launching Tigo Nivushe Microlending Product

Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced the launch of a “nano-lending product” named Tigo Nivushe. Continue reading

MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Provides Microfinance Label to GLS Alternative Investments-Mikrofinanzfonds (GLSMIKA), Renews Labels for 14 Investment Funds

The Luxembourg Fund Labeling Agency (LuxFLAG), a Luxembourg-based nonprofit organization that certifies the operations of investment vehicles that support microfinance and environmental initiatives, recently announced it granted its Microfinance Label for the first time. The fund is promoted by German bank Gemeinschaftsbank für Leihen und Schenken (GLS).  Continue reading

MICROFINANCE EVENT: Microinsurance Business Models for Africa; April 6-7, 2016; Diani, Kenya

Event Name: Microinsurance Learning Sessions: Microinsurance Business Models for Africa

Event Dates: April 6-7, 2016 Continue reading

MICROCAPITAL BRIEF: Bank Negara Indonesia (BNI) to Distribute Funds from Government-Backed Kredit Usaha Rakyat (KUR) Microloan Program via Rural Banking Members of Perbarindo

Bank Negara Indonesia (BNI), a state-owned bank in Indonesia, recently signed an agreement with Perbarindo, an Indonesian association of rural banks, to support the government-backed microloan program Kredit Usaha Rakyat (KUR) channeling “subsidized loans” to micro- small and medium-sized enterprises. Continue reading

MICROFINANCE EVENT: Institute for Money, Technology & Financial Inclusion (IMTFI) Seventh Annual Conference; April 20-21, 2016; Irvine, California, USA

Event Name: Institute for Money, Technology & Financial Inclusion (IMTFI) Seventh Annual Conference 2016

Event Dates: April 20-21, 2016 Continue reading

Written by Comments Off on MICROFINANCE EVENT: Institute for Money, Technology & Financial Inclusion (IMTFI) Seventh Annual Conference; April 20-21, 2016; Irvine, California, USA Posted in Mobile Money

MICROCAPITAL BRIEF: Equator Capital Takes Equity Stake in Nigeria’s Fortis Microfinance Bank via ShoreCap II Fund

Equator Capital Partners, an “impact” fund manager based in the US city of Chicago, Illinois, recently invested an undisclosed sum to acquire a minority stake in Fortis Microfinance Bank PLC, a microfinance institution (MFI) based in Abuja, Nigeria [1]. Continue reading

MICROFINANCE EVENT: Making Cents International Presents Global Youth Economic Opportunities Summit; September 28-30, 2016; Arlington, Virginia, USA

Event Name: Global Youth Economic Opportunities Summit 2016

Event Date: September 28 – September 30, 2016

Event Location: Marriott Crystal Gateway, Arlington, Virginia, USA Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Invest up to $200m in Equity in LeapFrog Investments

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently committed to investing up to USD 200 million in equity in Leapfrog Investments, a for-profit private equity fund based in Mauritius. Continue reading

MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance

Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price. Continue reading

MICROFINANCE EVENT: Social Performance Task Force (SPTF) 2016 Annual Meeting; May 30 – June 2, 2016; Marrakech, Morocco

Event Location: Mogador Palace Agdal, Marrakech, Morocco

Cost: The standard cost to attend this event is USD 225 per participant. Participants who register before March 17, 2016, may enjoy a discounted rate of USD 175. Continue reading

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MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog

Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. Continue reading

MICROCAPITAL BRIEF: Goodwell Investments Acquires Minority Stake in Microfinance Software Firm Musoni

Goodwell Investments, a for-profit social investment company based in the Netherlands, has invested an undisclosed sum to acquire a “significant minority stake” in Musoni Services, a Dutch microfinance software company with operations in Myanmar and nine African countries [1]. Continue reading