MICROCAPITAL FEATURE: Marilou van Golstein Brouwers, Managing Director of Triodos Investment Management B.V., Talks to MicroCapital

“I really enjoy my job still after fifteen years,” says Marilou van Golstein Brouwers, the head of the Triodos division that runs its microfinance investments. She has been with the company since they began investing in microfinance, which was at first tried as means to promote sustainable development. “You have to tackle the divide between rich and poor if you are serious about sustainability,” she says. Continue reading

MICROCAPITAL STORY: Micro Finance Bank of Azerbaijan Receives First Private Investor Loan in Manat Currency (AZN)

The Micro Finance Bank of Azerbaijan (MFBA), a central Asian and eastern European microfinance institution (MFI) in Azerbaijan, received a loan of AZN 4.2 million (USD 4.95 million) from the SNS Institutional Microfinance Fund, a Dutch investment fund. It is the first loan from an international private-sector financial institution denominated in Azerbaijan’s local currency, the Manat. The loan will be used to lend to small businesses in Azerbaijan. Continue reading

MICROCAPITAL SPECIAL FEATURE: 2007 Equity Investments in Small and Medium Sized Microbanks, Part 2 of 3

On December 5, MicroCapital.org featured Part 1 of a series on 2007 Equity Investments in Small and Medium Sized Microbanks. Here, in Part 2, we provide detailed financial and outreach information on microbank’s with total assets under USD 100 million. The institutions are presented in ascending order based on asset size. Continue reading

PAPER WRAP-UP: Loan officers and loan “delinquency” in Microfinance: A Zambian case, by Rob Dixon, John Ritchie, and Juliana Siwale.

Published by Accounting Forum, Vol. 31 No. 1, March 2007, 25 pages, available by subscription through Science Direct: doi:10.1016/j.accfor.2006.11.005.

The apparent shift of microfinance institutions (MFIs) to commercialization is characterized by the increasing importance that donors place on factors like repayment rates, good loan books, and client numbers. However, in looking at institutional sustainability, research has generally neglected the key role of field workers or loan officers in interfacing with the poor. The existing literature on loan officers in MFIs is limited and mostly concerns the geographic area of Asia, while other regions, especially Africa, remain relatively under-researched. Instead, most macro-evaluations of microfinance projects conducted throughout Africa have focused on, among other topics, impact assessment and client outreach, which generally have reported disappointing performance. The paper at hand contributes to previous research in that it seeks to promote greater understanding of the importance of loan officers through a case study of a failing MFI in Zambia. Continue reading

MICROCAPITAL STORY: Violence Erupts in Kampala as The Bank of Uganda Warns Customers May Lose Their Savings in Troubled Microfinance Institutions

The central bank in Uganda, the Bank of Uganda (BOU), has warned that customers in the country’s Savings and Credit Cooperatives (SACCOs) may lose their savings, according to reports in The Monitor, a daily newspaper in Kampala. The paper says the SACCOs, which are types of microfinance institution, are unsupervised and unregulated by the BOU, which “has now washed itself clean of any responsibility for the actions of such institutions” and will not be able to intervene or provide compensation for those clients that suffer. Continue reading

MICROCAPITAL STORY: Oikocredit of the Netherlands Lends $1m to Latin America Microfinance Promoter Pro Mujer

The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported Oikocredit, a co-operative financial development institution in the Netherlands, issued a loan to the Pro Mujer Network.  The network reported that the loan was extended to Pro Mujer Peru in the amount of 3.2 million nuevos soles (USD 1 million). Continue reading

MICROCAPITAL STORY: Rural Impulse Fund Lends $300k to Latin America Microfinance Institution Fundación ESPOIR

The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported the Rural Impulse Fund, an investment fund managed by Icofin, based in Antwerp, Belgium, issued a loan of USD 300,000 to Fundación ESPOIR, a Latin America microfinance institution (MFI). Continue reading

MICROCAPITAL STORY: Triodos Investment Management B.V. to Launch New Private Investor Microfinance Fund in the First Quarter of 2008

In an exclusive interview with MicroCapital, Marilou van Golstein Brouwers, Managing Director of Triodos Investment Management B.V., revealed that the firm will be launching a new private investor microfinance fund for the Belgian and Spanish markets in the first quarter of 2008. Continue reading

MICROCAPITAL STORY: Bust Microfinance Institutions in the CEMAC region of Central Africa to be Reimbursed by the Bank of Central African States

Clients that have lost money in collapsed microfinance institutions (MFIs) in the Economic and Monetary Community of Central Africa (Communauté Économique et Monétaire de l’Afrique Centrale – CEMAC) will have their money reimbursed. This was announced by the President of the Committee for the Facilitation of Training on Microfinance in CEMAC, Joseph Mbouombouo Ndam at the annual meeting of the region’s microfinance industry, organised by the Réseau des Institutions de Microfinance au Burundi (RIM). Continue reading

MICROCAPITAL STORY: responsAbility Mikrofinanz-Fonds Loans $1m to Eastern Europe Microenterprise Development Fund Kamurj and $2.5m to Eastern Europe Azerdemiryolbank

The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported Swiss Microfinanz-Fonds issued a loan of USD 1 million to Microenterprise Development Fund Kamurj and a loan of USD 2.5 million to microfinance institution (MFI) Azerdemiryolbank of Azerbaijan. Continue reading

MICROCAPITAL STORY: Eastern Europe Microfinance Institution LOKMicro Receives Over $6m in Loans from responsAbility Mikrofinanz-Fonds, responsAbility Microfinance Leaders Fund and VDK MFI Loan Portfolio

The Microfinance Capital Markets Newsletter of the Consultative Group to Assist the Poor (CGAP) and the MIX, the microfinance information clearinghouse, reported LOKMicro, a Eastern Europe microfinance institution (MFI), received a loan of USD 1.4 million from responsAbility Mikrofinanz-Fonds, a loan of USD 2.0 million from responsAbility Microfinance Leaders Fund and a loan of USD 2.8 million from the VDK MFI Loan Portfolio. Continue reading