Microfinance and Microcredit Investment | Microcapital.org - Page 30
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    Our pdf newspaper includes you everything you need to know about microfinance news, research, events and key players.

  • Supporters

Friday, June 14, 2013

MICROFINANCE PAPER WRAP-UP: “Final Impact Evaluation of the ‘Saving for Change’ Program in Mali, 2009-2012;” by the Bureau of Applied Research in Anthropology at the University of Arizona and Innovations for Poverty Action; published by Oxfam America and Freedom from Hunger

By the Bureau of Applied Research in Anthropology at the University of Arizona and Innovations for Poverty Action, published by Oxfam America and Freedom from Hunger, April 2013, 216 pages, available at: https://www.freedomfromhunger.org/sites/default/files/SavingforChangeMaliResearchFullReportMay2013.pdf

This study was funded by Freedom from Hunger, a US-based non-governmental organization that works to alleviate hunger in 19 countries, and Oxfam America, a member of Oxfam International that seeks to reduce poverty worldwide. The study evaluated the impacts of Saving for Change (SfC), a savings-group (SG) program that was co-created in 2005 by Freedom from Hunger, Oxfam America and the Stromme Foundation, a Norway-based international development organization. Continue Reading »

Share
Thursday, June 13, 2013

MICROCAPITAL BRIEF: Caterpillar Foundation Donates $19m to Opportunity International to Reach 17m People in Africa, Asia and Latin America

Opportunity International, a US-based nonprofit organization that provides financial services to poor people in 24 countries, recently announced that Caterpillar Foundation, the philanthropic arm of US-based equipment manufacturer Caterpillar Inc., has granted Opportunity two multi-year donations totaling USD 19.2 million [1]. Continue Reading »

Share
Thursday, June 13, 2013

MICROCAPITAL BRIEF: Sanad Fund for MSME to Loan $2m to Al Majmoua of Lebanon for Microenterprises

The Sanad Fund for MSME (micro-, small and medium-sized enterprises), an initiative that invests in financial institutions in the Middle East and North Africa, recently agreed to grant a senior loan facility of USD 2 million to Al Majmoua, a Lebanese nongovernmental organization (NGO) that lends to microenterprises. Continue Reading »

Share
Thursday, June 13, 2013

MICROCAPITAL BRIEF: Indian Microlenders Seek More Time to Repay Funds On-Lent in Andhra Pradesh, Where Microlender Sees “No Improvement At All”

Wholesale loans covering INR 55 billion (USD 944 million) in Indian microloans reportedly are at risk of becoming classified as “non-performing assets” (NPAs) if microfinance institutions (MFIs) do not begin making payments on the loans before the expiration of a 90-day repayment window that begins on June 30, 2013. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: Philippines Allows Foreign Investors to Hold Stakes of up to 60% in Rural Banks

Philippine President Benigno Aquino reportedly has signed a law, entitled “An Act Allowing the Infusion of Foreign Equity in the Capital of Rural Banks,” that will allow foreign investors to own as much as 60 percent of the voting stock in Philippine “rural banks,” which are sponsored by the government of the Philippines for the purpose of promoting economic development in rural areas. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL EVENT: 6th Convergences 2015 World Forum, September 17-19, 2013, Paris, France

Event Name: 6th Convergences 2015 World Forum

Event Date: September 17-19, 2013

Event Location: Palais Brongniart, 28, Place de la Bourse, 75002 Paris, France Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: FINCA Becomes Majority Shareholder of Kashf Microfinance Bank of Pakistan with $8.4m Investment

Kashf Microfinance Bank Limited (KMBL), a Pakistan-based microfinance bank (MFB), recently announced an equity injection of PKR 824.7 million (USD 8.4 million) from FINCA Microfinance Coöperatief U.A., a Netherlands-based entity controlled by US-based NGO FINCA International. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: MasterCard Introduces “SME Online” Internet Payment Solution in Nigeria

US-based payment solutions company MasterCard reportedly has introduced a new internet payment service called “SME Online” for small and medium-sized enterprises (SMEs) in Nigeria. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU) Receives $2.45m from UN’s MicroLead for Liberia Credit Union National Association

The World Council of Credit Unions (WOCCU), a US-based association of credit union trade groups in 54 countries, recently received a four-year, USD 2.45 million grant from the United Nations Capital Development Fund’s (UNCDF’s) MicroLead program that it will direct to its new member organization, the Liberia Credit Union National Association (LCUNA), a network of 300 credit unions in Liberia that serve 36,000 individuals. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: Bank for Agriculture and Agricultural Co-operatives, Habitat for Humanity Thailand, Citi Foundation Launch “Microsavings Program for Home Improvement”

Executive Vice President Somsak Kangteerawat of the Bank for Agriculture and Agricultural Co-operatives (BAAC), a government-owned bank in Thailand that extends credit to farmers, and Board Chairman Piriyah Wisedjinda of Habitat for Humanity (HFH) Thailand, a branch of the US-based NGO HFH International, have signed a memorandum of understanding establishing the “Microsavings Program for Home Improvement”, which is intended to support home improvements for low-income families living in areas of Thailand that are prone to flooding. Continue Reading »

Share
Wednesday, June 12, 2013

MICROCAPITAL BRIEF: ICICI Bank, Vodafone Bring M-Pesa Mobile Money Service to India

Vodafone Group Private Limited Corporation, a British multinational mobile network operator, and the ICICI Bank, a commercial bank in India, have announced that they have expanded Vodafone’s mobile pesa (M-Pesa) cash transfer service to India. Continue Reading »

Share
Tuesday, June 11, 2013

MICROCAPITAL EVENT: World Credit Union Conference, July 14-17, 2013, Ottawa, Ontario, Canada

Event Name: World Credit Union Conference (WCUC)

Event Date: July 14-17, 2013

Event Location: Ottawa Convention Center, Ottawa, Ontario, Canada Continue Reading »

Share
Tuesday, June 11, 2013

MICROCAPITAL BRIEF: Gemalto Provides Biometric Smart Cards for “Prime Cash” Branchless Banking in Bangladesh

Gemalto, a digital security company based in the Netherlands, has developed a smart card-based system for two Bangladeshi businesses: Prime Bank Limited, a commercial bank founded in 1995, and Dipon Consultancy Services Limited (DCSL), a member of the Bangladesh-based conglomerate Dipon Group. The system will support the branchless banking service known as Prime Cash, which was established by the two firms in 2012. Continue Reading »

Share
Tuesday, June 11, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $33m Loan to European Fund for Southeast Europe (EFSE) for Micro-, Small, Medium-Sized Enterprises

The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution established in 1991, is reviewing a proposal to invest EUR 25 million (USD 33 million) in the European Fund for Southeast Europe (EFSE), a Luxembourg-based investment company, to provide funding for micro-, small and medium-sized enterprises (MSMEs) in sixteen countries in Southeast Europe and neighboring countries. Continue Reading »

Share
Tuesday, June 11, 2013

MICROFINANCE PAPER WRAP-UP: “Interoperability in Electronic Payments: Lessons and Opportunities;” by Carol Coye Benson and Scott Loftesness; published by CGAP (Consultative Group to Assist the Poor)

By Carol Coye Benson and Scott Loftesness; published by Consultative Group to Assist the Poor (CGAP); 2012; 46 pages; available at: http://www.cgap.org/sites/default/files/Interoperability_in_Electronic_Payments.pdf

This report explores the issue of cross-compatibility among electronic payment systems that serve poor and under-banked people in developing countries. Continue Reading »

Share
Monday, June 10, 2013

MICROCAPITAL EVENT: 4th Pacific Microfinance Week 2013: Microfinance in the Pacific – Increasing Access, Enhancing Impact, October 21-25, 2013, Nadi, Fiji

Event Name: 4th Pacific Microfinance Week (PMW) 2013: Microfinance in the Pacific – Increasing Access, Enhancing Impact

Event Date: October 21-25, 2013

Event Location: Sheraton Fiji Resort, Nadi, Denarau Island, Viti Levu Continue Reading »

Share
Monday, June 10, 2013

MICROCAPITAL BRIEF: Reserve Bank of India Raises Interest Margin Cap to 12% for Larger Microfinance Institutions

For non-banking financial companies (NBFCs) and microfinance institutions (MFIs) of all sizes, the Reserve Bank of India (RBI), the country’s central banking institution, recently set the margin cap, the difference between the amount charged to the borrower and the institution’s cost of funds at 12 percent at least until April 1, 2014 [1]. Continue Reading »

Share
Monday, June 10, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development May Offer $40m in Subordinated Debt to Turkey-based Fibabanka

The European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London that aims to finance operations that are both commercially viable and assist development, has announced that it is considering granting subordinated debt of EUR 30 million (USD 39.6 million) to Fibabanka A.S., a private bank based in Turkey, with the aim of supporting growth of the Turkish micro-, small and medium-sized enterprise (MSME) sector. Continue Reading »

Share