MICROFINANCE EVENT: “Act For Impact” Child and Youth Finance International Summit and Strategy Launch, June 28-29, 2016, Bucharest, Romania

Event Name: Act for Impact – Fourth Child and Youth Finance International (CYFI) Summit and Strategy Launch

Event Dates: June 28-29, 2016

Event Location: Bucharest, Romania Continue reading

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MICROCAPITAL BRIEF: IFC Invests $7.5m in Debt, Equity in Microfinance Institution Maha Agriculture of Myanmar

The International Finance Corporation (IFC), a member of the World Bank Group, recently invested USD 6 million in debt and USD 1.5 million in equity in Maha Agriculture Public Company Limited, a microfinance subsidiary of Myanma Awba Group <http://www.awba-group.com/>, an agrochemical fertilizer company in Myanmar. Continue reading

MICROCAPITAL BRIEF: Switzerland’s SECO Donates $5m to EBRD for Small Businesses in Kyrgyz Republic, Tajikistan

The Swiss State Secretariat for Economic Affairs (SECO) recently contributed USD 5.1 million to the European Bank for Reconstruction and Development’s (EBRD’s) Small Business Initiative to support “infrastructure, enterprise and financial sector development, climate change mitigation through energy efficiency and renewable energy initiatives, and the sustainable use of natural resources” in the Kyrgyz Republic and Tajikistan. EBRD provides loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses primary via commercial banks and microfinance institutions (MFIs). SECO has donated a total of USD 189 million to EBRD from 1992 through 2016. Continue reading

MICROCAPITAL BRIEF: Global Impact Investing Network (GIIN) Updates Impact Reporting and Investment Standards (IRIS)

The Global Impact Investing Network (GIIN), a nonprofit organization dedicated to increasing the effectiveness of investments intended to solve social and environmental problems, recently announced it launched an updated version of the Impact Reporting and Investment Standards (IRIS), a free tool intended to support the transparency, credibility and accountability of impact measurement. Continue reading

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MICROCAPITAL BRIEF: India’s Janalakshmi Sells $7.5m in Securitized Microloans to Government-backed MUDRA, Arranged by IFMR Capital

IFMR Capital, an affiliate of the Chennai-based nonprofit Institute of Financial Management and Research (IFMR), recently structured the first capital market transaction for the Micro Units Development & Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans and other services to microfinance institutions (MFIs) and non-banking financial institutions (NBFCs). Continue reading

MICROCAPITAL BRIEF: World Bank, Rabobank Foundation Seek to Replicate Consolidation of Agricultural Cooperatives in Albania

The World Bank, member of US-based multilateral World Bank Group, and the Rabobank Foundation, the “social fund” of the Dutch bank Rabobank, recently teamed up to consolidate agricultural cooperative financial institutions (CFIs), organizations set up by farmers to gain access to financing. Continue reading

MICROCAPITAL BRIEF: PPAF, Karandaaz, Kreditanstalt für Wiederaufbau (KfW) Establish Pakistan Microfinance Investment Company (PMIC)

The Pakistan Poverty Alleviation Fund (PPAF), a government-backed entity that supports the Pakistani microfinance industry; Karandaaz Pakistan, a Pakistan-based private sector company funded by the UK government; and Kreditanstalt für Wiederaufbau (KfW), a German development bank, recently signed a shareholders’ agreement to set up the Pakistan Microfinance Investment Company (PMIC). Continue reading

MICROCAPITAL BRIEF: FSD Africa, SEEP Network to Fund Research on Savings Groups

The Financial Sector Deepening (FSD) Africa, a Kenya-based nonprofit intended to reduce poverty in sub-Saharan Africa, and the Small Enterprise Education and Promotion (SEEP) Network, a US-based network of approximately 124 microenterprise practitioners representing 170 countries, recently partnered to conduct research on the effectiveness of savings groups, “in which members provide their own savings and credit services at a negligible cost, while retaining earnings and capital in their own communities” [2]. FSD Africa plans to donate USD 2.5 million over four years to expand the SEEP Network’s research on these groups. Continue reading

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MICROCAPITAL BRIEF: Canadian Government Appoints Développement international Desjardins (DiD) to Run FARM (Agricultural and Rural Financing) in Mali Project

The Canadian government recently appointed Développement international Desjardins (DiD), a nonprofit supporting the community finance sector in emerging economies, to run the Agricultural and Rural Financing in Mali Project, which is also known by its French acronym FARM.  Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Improving Financial Capability in India, Mexico; Mobile Money Usage; Post-Disaster, Post-Conflict Microfinance

A Change in Behavior: Innovations in Financial Capability;” by J. Arnold, E. Rhyne; published by the Center for Financial Inclusion at Accion, JPMorgan Chase & Co; April 2016; 47 pages; available at: https://centerforfinancialinclusionblog.files.wordpress.com/2016/04/a-change-in-behavior-final.pdf Continue reading

MICROCAPITAL BRIEF: Mountain Hazelnut Venture Limited of Bhutan Secures $12m in Equity from G20’s GAFSP, ADB, IFC

The Global Agricultural and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, has approved an equity investment of USD 6 million in Mountain Hazelnut Venture Limited (Mountain Hazelnuts), a for-profit promoter of the production of hazelnuts in Bhutan. Continue reading

MICROCAPITAL BRIEF: Indian Microfinance Institution Ujjivan Goes Public, Raising $95m in Association With IPO

Ujjivan Financial Services, an Indian provider of microloans and life insurance, recently conducted its initial public offering (IPO), generating INR 3.6 billion (USD 54 million) from the sale of newly issued shares. Continue reading

MICROFINANCE BRIEF: Equity Bank, Ingenico, Tracom Enable Cashless Transfer Doorstep Money System for Government Payments in Kenya

Ingenico Group, a French electronic payment company, recently partnered with Kenya-based microfinance software company Tracom and Kenya-based Equity Bank, to create a system to facilitate the use of cashless money to pay “parking, land rates, business permits and market stall fees.” With this new system, “County agents, equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, can now simply collect payments when arriving at the business premises.” Continue reading

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MICROFINANCE EVENT: Financial Inclusion Advocacy Centre, GHAMFIN Present International Investors Conference for Microfinance Institutions in the West-African Sub-region, July 13-15, 2016, Accra, Ghana

Event Name: International Investors Conference for Microfinance Institutions in the West-African Sub-region

Event Dates: July 13-15, 2016

Event Location: Accra, Ghana Continue reading

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MICROFINANCE EVENT: BWTP, FDC, ADA, UNCDF, ADB to Co-host “Mekong Financial Inclusion Forum”, July 11-14, 2016, Phnom Penh, Cambodia

Event Name: Mekong Financial Inclusion Forum

Event Dates: July 11-14, 2016

Event Location: Intercontinental Hotel, Phnom Penh, Cambodia Continue reading

MICROFINANCE EVENT: CGAP (Consultative Group to Assist the Poor), Asian Development Bank (ADB), Asian Development Bank Institute (ADBI) Presents “Financial Inclusion in the Digital Economy” Conference, May 24-25, Manila, Philippines

Event Name: Financial Inclusion in the Digital Economy

Event Dates: May 24-25, 2016

Event Location: Asian Development Bank (ADB) headquarters, Manila, Philippines Continue reading

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