MICROCAPITAL BRIEF: Afluenta Raises $8m in Series B Equity Funding from International Finance Corporation, Elevar for Peer-to-Peer Lending in Latin America

Afluenta, an Argentina-based peer-to-peer (P2P) lending platform, recently announced it closed a series B funding round totaling USD 8 million from the International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and Elevar Equity, a “development-focused” private equity fund based in India. Continue reading

MICROCAPITAL BRIEF: Gemeinschaftsbank für Leihen und Schenken (GLS) Invests $15m in Sanad Fund for MSME to Deploy in Middle East, North Africa

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in socially responsible and ecological projects, recently invested EUR 13 million (USD 14.5 million) in Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a Luxembourg-based public-private partnership that provides debt and equity financing in the Middle East and North Africa. Continue reading

MICROCAPITAL BRIEF: World Bank Group’s Azerbaijan-Central Asia Financial Markets Infrastructure Project III to Unify Credit Data to Support Lending Based on Movable Collateral in Tajikistan

The World Bank Group, a multilateral financial institution serving developing countries, has launched the “Azerbaijan-Central Asia Financial Markets Infrastructure Project III”, the third phase of a project which includes an effort to improve the efficiency of the credit reporting system in Tajikistan. Specifically, the new credit system will allow Tajikistan’s credit reporting providers to offer data through a combined platform, allowing lenders to analyze loan risks using credit histories gleaned from multiple credit bureaus at one time. The project, which is being carried out in cooperation with the National Bank of Tajikistan, the central bank of the country, and the government of Tajikistan, is meant to promote the use of movable assets as collateral for lending and also includes efforts to expand financial education. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: World Bank Group’s Azerbaijan-Central Asia Financial Markets Infrastructure Project III to Unify Credit Data to Support Lending Based on Movable Collateral in Tajikistan Posted in Middle East

MICROCAPITAL BRIEF: Green for Growth Fund Southeast Europe (GGF) Signs $2.2m Senior Loan Facility with ICS Total Leasing & Finance of Moldova

The Green for Growth Fund Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy, recently announced that it has agreed to disburse a senior loan of EUR 2 million (USD 2.2 million) to ICS Total Leasing & Finance S.A. (TLF), a Moldova-based non-banking financial institution. Continue reading

MICROFINANCE EVENT: Penn Microfinance to Host 10th Annual Conference: Banking on Change; April 9, 2016; Philadelphia, Pennsylvania, USA

Event Name: 10th Annual Penn Microfinance Conference: Banking on Change

Event Date: April 9, 2016; 10:00 a.m. – 4:00 p.m.

Event Location: University of Pennsylvania, Huntsman Hall; Philadelphia, Pennsylvania Continue reading

Written by Comments Off on MICROFINANCE EVENT: Penn Microfinance to Host 10th Annual Conference: Banking on Change; April 9, 2016; Philadelphia, Pennsylvania, USA Posted in Events

MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf Continue reading

MICROFINANCE EVENT: Albanian Microfinance Association to Host 19th MFC Annual Conference; June 23 – 24, 2016; Tirana, Albania

Event Name: 19th MFC Annual Conference: Microfinance in the Cloud

Event Dates: June 23-24, 2016

Event Location: Tirana International Hotel & Conference Center; Tirana, Albania Continue reading

Written by Comments Off on MICROFINANCE EVENT: Albanian Microfinance Association to Host 19th MFC Annual Conference; June 23 – 24, 2016; Tirana, Albania Posted in Events

MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent. Continue reading

MICROFINANCE EVENT: Skoll World Forum on Social Entrepreneurship; April 13-15, 2016; Oxford, United Kingdom

Event Name: The Skoll World Forum on Social Entrepreneurship

Event Dates: April 13-15, 2016

Event Location: The University of Oxford’s Said Business School; Oxford, United Kingdom Continue reading

MICROCAPITAL BRIEF: MetLife Foundation, Accion, Chinese Association of Microfinance (CAM) Launch Microfinance Management and Leadership Program in China

Accion, a US-based nonprofit providing microfinance services in Africa, Asia, and the Americas; the MetLife Foundation, the philanthropic arm of US-based insurance company Metlife; and the Chinese Association of Microfinance, a network of 92 microfinance institutions (MFIs) and other members, recently launched the International Microfinance Management and Leadership Program. This nine-month program comprises classroom lectures, monthly webinars and visits to microfinance institutions (MFIs) with the goal of teaching managers of Chinese MFIs how to expand the reach of their financial services. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: MetLife Foundation, Accion, Chinese Association of Microfinance (CAM) Launch Microfinance Management and Leadership Program in China Posted in South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: CAF Development Bank of Latin America to Promote Billetera Movil (BIM) of Asociacion de Bancos del Peru (ASBANC)

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services. Continue reading

MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

MICROCAPITAL BRIEF: SimbaPay Enables Remittances to Kenya, Nigeria from 5 Additional European Countries

SimbaPay, a UK-based digital money transfer service, recently announced it is expanding its money transfer service to France, Germany, Ireland, Italy and Spain. Continue reading

MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1]. Continue reading

MICROCAPITAL BRIEF: Stellar, Oradian Set Up Payment Transfer Network Among Rural Nigerian Microfinance Institutions

Stellar, a US-based nonprofit technology provider, and Oradian, a Croatia-based software developer serving financial organizations in West Africa, are setting up a “payment transfer network” to connect rural Nigerian microfinance institutions (MFIs). Continue reading

MICROCAPITAL BRIEF: Agora Microfinance, BRAC, Juhudi Kilimo, One Acre Fund, Opportunity, VisionFund International Launch “Propagate” Coalition to Support Financing of Small-scale Farmers

Six microfinance organizations based on four continents recently formed a coalition, called Propagate, to encourage the financing of small-scale farmers to help them improve their productivity and access to markets by (1) lowering economic barriers to entry; (2) enabling growth of financial services for smallholders; and (3) creating commercial and operational partnerships. The founding coalition members are Netherlands-based Agora Microfinance; Bangladesh-based development organization BRAC; for-profit Kenyan microlender Juhudi Kilimo; One Acre Fund, an NGO serving farmers in four African countries; US-based Opportunity International and UK-based VisionFund International. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Agora Microfinance, BRAC, Juhudi Kilimo, One Acre Fund, Opportunity, VisionFund International Launch “Propagate” Coalition to Support Financing of Small-scale Farmers Posted in Africa

MICROCAPITAL BRIEF: Mobile Phone Service Provider Tigo Tanzania Launching Tigo Nivushe Microlending Product

Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced the launch of a “nano-lending product” named Tigo Nivushe. Continue reading

MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Provides Microfinance Label to GLS Alternative Investments-Mikrofinanzfonds (GLSMIKA), Renews Labels for 14 Investment Funds

The Luxembourg Fund Labeling Agency (LuxFLAG), a Luxembourg-based nonprofit organization that certifies the operations of investment vehicles that support microfinance and environmental initiatives, recently announced it granted its Microfinance Label for the first time. The fund is promoted by German bank Gemeinschaftsbank für Leihen und Schenken (GLS).  Continue reading