MICROCAPITAL BRIEF: United Nations Capital Development Fund (UNCDF), Alliance for Financial Inclusion (AFI) Partner to Advance Financial Inclusion in Association of Southeast Asian Nations (ASEAN) Region through Policy, Digital, Gender Modes

The Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, and the United Nations Capital Development Fund (UNCDF), a UN agency that works to increase access to microfinance and other forms of capital in developing countries, recently launched a strategic partnership to reinforce collaboration and knowledge exchange on financial inclusion issues within the 10 member countries of the Association of Southeast Asian Nations (ASEAN).

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) to Loan $5.5m to Nova Ljubljanska Banka (NLB) d.d. Sarajevo to Increase Housing Finance Access

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.5 million) to Nova Ljubljanska Banka (NLB) d.d. Sarajevo, which is controlled by Slovenian finance firm NLB Group, to enable younger and lower-income households in Bosnia and Herzegovina to acquire housing. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Trends in International Funding for Financial Inclusion; Inclusive Finance in India; Financial Regulation for Inclusion and Development in Latin America

“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf Continue reading

MICROCAPITAL BRIEF: Développement international Desjardins (DiD) to Provide Microfinance to Food Producers in Senegal in Partnership with Micronutrient Initiative

Développement international Desjardins (DiD), a Canadian nonprofit supporting the community finance sector in emerging economies, recently joined the “Project integer de nutrition dans les regions de Kedougou et Kolda (PINKK)”, which is aimed at increasing food security for women and children in the Senegalese regions of Kedougou and Kolda. Continue reading

MICROCAPITAL BRIEF: Cameroon Cooperative Credit Union League (CamCCUL) Members to Access Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR)

Nine financial cooperatives associated with the Cameroon Cooperative Credit Union League (CamCCUL), a network of 208 financial institutions that also provides financial services directly to the public, have met the requirements to access the Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR), a Cameroon-based investor in microfinance institutions (MFIs). Continue reading

MICROFINANCE EVENT: Microfinance Institutions Network (MFIN), South Asia Micro-entrepreneurs Network (SAMN) to Present “Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled;” March 8-9, 2016; New Delhi, India

Event Name: Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled

Event Dates: March 8-9, 2016

Event Location: Taj Palace Hotel, New Delhi, India Continue reading

Written by Comments Off on MICROFINANCE EVENT: Microfinance Institutions Network (MFIN), South Asia Micro-entrepreneurs Network (SAMN) to Present “Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled;” March 8-9, 2016; New Delhi, India Posted in Events, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Loans $250m to Bayport Management to Boost Microfinance in Africa, Latin America

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently invested USD 250 million through a senior debt facility in Bayport Management Limited, Mauritius-based network of microfinance institutions (MFIs) [1]. Continue reading

MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority of India (IRDAI) Extends Microinsurance Compliance Deadline to March 31, 2016

The Insurance Regulatory and Development Authority of India (IRDAI), the government agency charged with overseeing the country’s insurance market, recently announced that it has extended the deadline for insurance companies to withdraw non-compliant microinsurance products from their portfolios to March 31, 2016. Continue reading

MICROFINANCE EVENT: “Mifos Tech Days 2016 – Innovation for Innovators” to Examine Implementation of Open Source Microbanking Information System Mifos, March 8-11, 2016, Amsterdam, Netherlands

Event Name: Mifos Tech Days 2016 – “Innovation for Innovators”

Event Dates: March 8-11, 2016

Event Location: Volkshotel, Amsterdam, Netherlands Continue reading

MICROCAPITAL BRIEF: French Insurer AXA Ups Commitment to Microinsurance, Increasing Equity Stake in UK’s MicroEnsure to 46%

MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International, recently announced that AXA Group, a French insurance and asset management company, will pay an undisclosed sum to increase its equity stake in the organization to 46 percent from an unspecified level. Continue reading

MICROCAPITAL BRIEF: African Development Bank (AfDB), MasterCard Collaborate on Financial Inclusion in Africa

The African Development Bank (AfDB), a multilateral institution providing loans and grants to governments and private companies on the continent; and MasterCard, a US-based payments and technology company, recently announced that they are launching a collaboration aimed at increasing financial inclusion in Africa. Continue reading

MICROCAPITAL BRIEF: Visa, China Foundation for Development of Financial Education, China Foundation for Poverty Alleviation to Promote Financial Literacy, Education

Visa Incorporated, a US-based payment technology company, recently announced partnerships with two organizations to promote financial inclusion in China: the China Foundation for Development of Financial Education (CFDFE), which is affiliated with China’s central bank, and the China Foundation for Poverty Alleviation (CFPA), a government-backed organization. Continue reading

MICROFINANCE EVENT: Burgundy School, Chinese Association of Microfinance, Shanghai Jiao Tong University to Host 7th International Conference on the Institutional, Technological Environment for Microfinance (ITEM7), March 15-17, 2016, Shanghai, China

Event Name: 7th International Conference on the Institutional and Technological Environment for Microfinance (ITEM7)

Event Dates: March 15-17, 2016

Event Location: Shanghai Jiao Tong University, Shanghai, China Continue reading

Written by Comments Off on MICROFINANCE EVENT: Burgundy School, Chinese Association of Microfinance, Shanghai Jiao Tong University to Host 7th International Conference on the Institutional, Technological Environment for Microfinance (ITEM7), March 15-17, 2016, Shanghai, China Posted in Eastern Europe and Central Asia, Events

MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 13th Annual Conference “Who, What and For Whom? Shaping European Microfinance,” June 16-17, 2016, Warsaw, Poland

Event Name: 13th Annual EMN Conference “Who, What and For Whom? Shaping European Microfinance”

Event Dates: June 16-17, 2016

Event Location: Novotel Warszawa Centrum Hotel, Warsaw, Poland Continue reading

Written by Comments Off on MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 13th Annual Conference “Who, What and For Whom? Shaping European Microfinance,” June 16-17, 2016, Warsaw, Poland Posted in Deals, Events, Key Players

MICROCAPITAL BRIEF: Financial Sector Development Program (FSD) Africa to Invest $2m in Microinsurance Innovation Laboratory of International Labor Organization’s (ILO’s) Impact Insurance Facility

The Financial Sector Development Program (FSD) Africa, a project funded by the UK’s Department for International Development (DfID), will invest USD 1.8 million over the next four years in the “microinsurance innovation laboratory” to be developed by the Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations. Continue reading

MICROCAPITAL BRIEF: Africa Board Fellowship on Financial Inclusion Accepting Applications Through February 29, 2016

The Center for Financial Inclusion (CFI), an affiliate of the US-based nonprofit Accion that aims to promote universal financial access, is seeking board members and chief executives of organizations that work toward financial inclusion in sub-Saharan Africa to enroll in its six-month Africa Board Fellowship. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Africa Board Fellowship on Financial Inclusion Accepting Applications Through February 29, 2016 Posted in Africa, Events

MICROCAPITAL BRIEF: Bangko Sentral Ng Pilipinas (BSP) Allows Micro-Banking Offices (MBOs) to Approve New Deposit Accounts

Bangko Sentral Ng Pilipinas (BSP), the central bank of the Philippines, recently authorized micro-banking offices (MBOs) of financial institutions to extend the range of “allowable activities” [1] with the aim of increasing financial inclusion in the rural parts of the country. Continue reading