MICROCAPITAL STORY: Online Tool for Microfinance Institution (MFI) Financial Reporting Launched

An online product for the creation of financial statements by microfinance institutions (MFIs) has been launched by Sheer Intelligence, an American technology consulting and software firm.  The tool should help address concerns of transparency and consistency of reporting by MFIs, as corporate governance is oft-cited as a risk by industry observers.

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MICROCAPITAL STORY: EDA Rural Systems Deploys Micro-Credit Ratings International Ltd (M-CRIL) Executives to Found Social Enterprise Price Discovery Platform CapitalConnect

Founded by EDA Rural Systems (EDA), CapitalConnect (CC) is a new information dissemination and price discovery platform for social enterprise transactions. CC aims to facilitate loans and equity investments by helping institutional lenders, institutional investors and social enterprises find one another. It is not a stock exchange, but provides a common platform for institutional players to interact, potentially resulting in more-realistic market valuations. Participants complete their transactions outside the portal. The service is not currently open to small-scale individual investors. Continue reading

MICROCAPITAL EVENT: European Fund for Southeast Europe (EFSE) Annual Meeting 2008 Conference on Responsible Finance

EUROPEAN FUND FOR SOUTHEAST EUROPE (EFSE) ANNUAL MEETING

MAY 6-8, 2008, HOTEL RAMADA, SIBIU, ROMANIA

The European Fund for Southeast Europe will hold their second annual meeting on May 6-8, 2008 at the Hotel Ramada in Sibiu, Romania. The conference will focus on the topic of responsible finance with respect to sustainable development and social return and is to be attended by over 200 participants from development finance institutions, donor agencies, international organizations, microfinance institutions, commercial banks, including institutional investors, policymakers, and Central Bank Governors of the Southeastern European Region. Continue reading

MICROCAPITAL STORY: ING Review of Morgan Stanley, the First Investment Bank Microfinance-Oriented Group, and Prior Deals with Blue Orchard Finance

The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as Morgan Stanley. Continue reading

MICROFINANCE EVENT: Vikram Akula, SKS Founder and CEO, to Speak at Washington Offices of Consultative Group to Assist the Poor (CGAP) April 11, 2008

“BROWN BAG” LUNCH WITH VIKRAM AKULA OF SKS MICROFINANCE

APRIL 11, 2008, WASHINGTON, UNITED STATES

The Consultative Group to Assist the Poor (CGAP) periodic Brown Bag Lunches offer the opportunity to hear about happenings and advances in microfinance in a casual setting. This Friday at noon CGAP hosts special guest Vikram Akula, Founder and CEO of microfinance institution SKS Microfinance. Lunch will be served and, although the event is free of charge, RSVP is requested by Thursday, April 10 via cgap@worldbank.org. Event details are not available online, but CGAP may be reached at +1 202 473 9594. The CGAP offices are on the third floor of 900 19th Street NW, Washington DC. Continue reading

MICROFINANCE EVENT: Independent Evaluation Group of International Finance Corporation (IFC) to Hold Panel at the World Bank on Its New Book “Financing Micro, Small, and Medium Enterprises through Financial Intermediaries”

PANEL DISCUSSION ON “FINANCING MICRO, SMALL, AND MEDIUM ENTERPRISES THROUGH FINANCIAL INTERMEDIARIES”

APRIL 11, 2008, WASHINGTON, UNITED STATES

The Independent Evaluation Group (IEG) at the International Finance Corporation (IFC) and the World Bank InfoShop Public Information Center will host a panel discussion at the launch of the IEG Study on Financing Micro, Small, and Medium Enterprises through Financial Intermediaries. The event will bring together evaluators, financiers, practitioners and a microfinance bank to will talk about micro, small and medium enterprises (MSMEs) in the developing world. The chair of the discussion will be Marvin Taylor-Dormond, Director of IEG. The panelists for the discussion include: Continue reading

MICROCAPITAL STORY: At Inter-American Development Bank (IDB) Annual Meeting, Multilateral Investment Fund Manager Donald Terry Predicts Microfinance Lending in Latin America Will Hit $20b by 2012

On Friday, April 4, the Inter-American Development Bank (IDB) opened its five-day annual meeting in Miami. Reuters reported on Saturday, April 5, that Donald Terry, the IADB’s Multilateral Investment Fund (MIF) manager, predicted that microfinance loans in Latin America may hit USD 20 billion by 2012, as compared to USD 8.6 billion last year. He was quoted as saying that as interest rates fall over time, “you’ll find millions of new borrowers in markets like Mexico, Brazil and Argentina.” Continue reading

MICROFINANCE EVENT: Silicon Valley Microfinance Network (SVMN) to Co-host Investment Conference in San Francisco in July

MICROFINANCE: THE INVESTMENT OPPORTUNITY: SMALL LOANS. BIG RETURNS.

JULY 14-15, 2008, SAN FRANCISCO, UNITED STATES

The Silicon Valley Microfinance Network (SVMN) and Financial Research Associates offer this event on investing in institutions that provide banking services to the poor. A pre-conference workshop will cover the basics of microfinance, while the main event will offer presentations from 60 experts including Elizabeth Funk of Dignity Fund, Vinod Khosla of venture capital firm Kleiner Perkins Caufield & Byers and Pierre Omidyar of philanthropic investment firm Omidyar Network. Session topics are to include: Continue reading