Over the course of three days (November 18-20), participants will share their experiences and insights and discuss how to respond to upcoming challenges. The Virtual Conference will focus on microfinance institutions and their clients, and on donors and investors.
To register for this conference, please click here, or copy and paste the following URL in a new browser window: http://nutshellurl.com/24c.
For further information on CGAP click here.
To visit the event website visit here.
3RD ANNUAL MICROFINANCE EAST: THE INVESTMENT OPPORTUNITY
JANUARY 29-30, 2009, THE HARMONIE CLUB, NEW YORK, NY
Financial Research Associates (FRA), an organization that provides information and networking opportunities through conferences and seminars, will host the 3rd Annual Microfinance East Conference in January. Continue reading
Figures released by Jordan’s Planning Ministry indicate that over 120,000 citizens have borrowed from local microfinance institutions (MFIs) with loans outstanding at JD 65 million, the dollar equivalent of over USD 91 million. Specifically, 7 Jordanian MFIs were recognized at a Ministry ceremony where each signed a code of ethics governing this joint effort. Continue reading
NOVEMBER 17, 2008, 6:30PM – 8:30PM, NEW YORK CITY
Women Advancing Microfinance New York (WAM New York), the New York branch of an international organization of professional women who work to promote microfinance, will host a discussion panel on female leadership in microfinance on Monday, November 17. The event will be held from 6:30-8:30 p.m. at Sullivan and Cromwell on 125 Broad Street in New York City. Continue reading
The Islamic Business and Finance Network (IBF Net), a global network of students, researchers, and finance professionals, and its Institute of Microfinance and Development together with Islamic Relief Worldwide, an international development and relief organization, held an international training program and workshop to discuss the nuances of Islamic microfinance was recently held in New Delhi. The program was attended by over sixty participants from the corporate sector, NGOs, and academics from India, Bangladesh, Sri Lanka and Afghanistan. Continue reading
Christian Super, an Australian Christian-based superannuation (pension) fund, has announced that it will invest an undisclosed amount in two separate microfinance funds run by JP Morgan and Triodos Investment Management. The fund, worth AUS 450 million (US 304 million) is reportedly interested in investing in JP Morgan’s Microinvest II Fund and Triodos Investment Management’s Triodos-Doen, Hivos-Triodos Fund, and Triodos Fair Share Fund. Christian Super CEO Peter Murphy spoke to Australia’s Financial Standard saying that these investments present an excellent opportunity for the super fund as it will provide a good risk diversification tool. He also said that Christian Super has been interested in investing in microfinance for 12 months but that the microfinance market was lacking the sophistication level required for super funds. Continue reading
Posted by Michael Chasnow at 1:55pm on Sunday, October 12, 2008, available at: http://www.indiadevelopmentblog.com/
The following is an anecdote detailing the effect of the financial crisis on the business operations of one Indian microfinance institution (MFI). Michael Chasnow does not provide any identifying information on the MFI, but the story is an interesting counter-balance to the claims of Yunus and Clinton on the balmy, if not ameliorative, effect of the credit crisis on microfinance. For more information, please see Microcapitol’s recent coverage of the crisis’ effect on microfinance and Jerry Peloquin’s recent guest editorial on the credit crunch and socially responsible investment. Continue reading
India’s National Bank for Agriculture and Rural Development (NABARD) has proposed a new, multi faceted strategy to reposition itself as the economy changes, it was reported in the Financial Express. The changes include setting up a direct financing subsidiary for microfinance, separating NABARD Consultancy (NABCONS) into an independent subsidiary and creating an independent supervisory board over cooperative banks, among other, more general changes. The reason for these changes was cited as responding to “the changing economic scenario”. Continue reading
MOBILE BANKING FOR THE POOR: PIONEER PERSPECTIVES
DECEMBER 11, 2008, 2:00PM – 5:00PM, WORLD BANK HEADQUARTERS, WASHINGTON, D.C.
CGAP (Consultative Group to Assist the Poor) will be hosting a discussion on the CGAP Technology Blog on how mobile phone banking can deliver a range of financial services to poor people and change lives for the better. Continue reading
The rural banking industry in the Philippines has grown, with assets increasing 15.72 percent in the first quarter of 2008 to P161.08 billion (USD 3.32 billion) it was reported in the Philippine Star on November 4, 2008. Assets grew by 7.78 percent from the 2007 end of P149.46 billion (USD 3.08 billion). The Rural Bankers Association of the Philippines (RBAP) predicted that the rural banking industry would continue to grow by another 15 percent for the whole of 2008, the average growth rate registered by the industry over the past five years. The RBAP has said that their member banks have reported strong growth in the third quarter. Additionally, 2008 marks the first year that rural banks have managed more than six million deposit accounts. The emphasis placed on microfinance and the agricultural industry were reported as “key” to this growth in rural banking. Continue reading
Posted by Michael Chasnow at 10:10pm on Wednesday, October 22, 2008, available at: http://www.indiadevelopmentblog.com/
The following piece is a summary of a health-focused microfinance project in Orissa, India, organized by professors from Duke and Stanford and the Bharat Integrated Social Welfare Agency (BISWA, an Indian non-governmental organization (NGO) started in 1994 that focuses on sustainable development). The project involves providing insecticide treated bednets (ITNs) to low-income households in a malaria-infested region of Western Orissa, India. Michael Chasnow has visited Orissa and summarizes and comments on the project below: Continue reading
The Nigeria Police Force Microfinance Bank Plc (NPFMB), posted gross earnings of N943m, approximately USD 8 million, representing 48 percent growth over last year’s earnings. Total assets increased by 8.4 percent to N4.6 billion, or USD 39.5 million and loans and advances grew by 12.8 percent. The bank announced a dividend of N146 million, or USD 1.24 million, representing 51 percent of after tax profit. Continue reading