Advans SA, a Luxembourg-based venture capital company, has become the majority shareholder of Amret, a Cambodian microfinance institution (MFI), upon approval by The National Bank of Cambodia of its purchase of 8.4 percent of the shares of Amret. Continue reading
Ethiopian banks and microfinance institutions increasingly are adopting mobile money services to allow their customers to send or receive money using mobile phones and other devices linked to their financial account. Continue reading
During the next three months, the Bank of Ghana, the country’s central bank, reportedly will raise the minimum capital requirement for microfinance institutions (MFIs) to GHS 1 million (USD 263,000). Continue reading
The International Finance Corporation (IFC), member of the World Bank Group, recently acquired a 19.9-percent share of Amret, a microfinance institution in Cambodia, at a price of USD 15 million . Continue reading
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, recently made an equity investment of USD 22 million in Indonesia-based Bank Mayora to support its services for micro-, small and medium-sized enterprises (MSMEs). Continue reading
The Grameen Bank, a microfinance institution in Bangladesh, is being run by government-appointed board members as of February 2015. Continue reading
The Triodos Sustainable Trade Fund, an investment vehicle managed by a unit of the Netherlands-based Triodos Bank, recently announced that it has invested in Bioexport, a Paraguayan firm that purchases sesame and other crops directly from farmers and cooperatives for export. Continue reading
The Grooming Centre, a nonprofit provider of loans and deposit services to women in Nigeria for micro-, small and medium-sized enterprises (MSMEs), has partnered with MasterCard, a US-based payments company, to replace the NGO’s cash- and check-based loan disbursals with prepaid MasterCard-branded payment cards. Continue reading
Event Name: 9th Annual Penn Microfinance Conference
Event Date: March 28, 2015
Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA
Summary of Event: This conference will focus on how the microfinance industry has adapted its product offerings and lending methods in the wake of increased government regulation and concern about over-indebtedness. The event will feature a keynote address by Dennis Ripley, the chief business development officer for Opportunity International, a US-based nonprofit providing microfinance services in 22 countries.
Event Name: Global Forum on Remittances 2015
Event Date: June 16-19, 2015
Event Location: Centro Congressi Stella Polare Conference Centre, Milan, Italy
Summary of Event: This event is intended to promote awareness of remittances sent by migrants to their home countries. Session topics will include trends in remittances sent from Europe, best practices in regulation, opportunities for financial inclusion, competition and transaction costs, new technologies, opportunities for public-private partnerships and strategies for developing public-private partnerships to further financial inclusion.
Event Name: TBLI Conference Nordic 2015
Event Date: June 15-16, 2015
Event Location: Ovnhallen Porcelænshaven 20, Copenhagen Business School; Copenhagen, Denmark
Summary of Event: This conference will include panels on topics such as low-carbon investment strategies, how asset owners can address climate change, investing in sustainable agriculture and food production, and social impact strategies for banks.
The World Bank Group’s International Bank for Reconstruction and Development (IBRD) recently loaned USD 100 million to the government of Tunisia to benefit micro-, small and medium-sized enterprises (MSMEs). Continue reading
Event Name: Social Capital Markets “SOCAP15″
Event Date: October 6-9, 2015
Event Location: Fort Mason Center; San Francisco, California, USA
Cost: Regular admission to the event costs USD 1,395 plus a USD 9.95 processing fee. Registrations completed prior to March 26, 2015, are eligible for a discount of USD 600.
Event Name: TBLI Conference Asia 2015
Event Date: April 29-30, 2015
Event Location: INSEAD Asia Campus, Singapore
Cost: The standard cost to attend is SGD 795 (USD 716), with discounts offered to investors, NGO representatives and students, as well as to all attendees who register by April 3, 2015.
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently mobilized a loan equivalent to USD 16.5 million to benefit Imon International, a microfinance institution (MFI) based in Tajikistan. Continue reading
Event Name: ESG, SRI & Impact Investing Summit
Event Date: March 30-31, 2015
Event Location: The Princeton Club of New York, 15 West 43rd Street., New York, New York, United States Continue reading
Germany-based Deutsche Bank’s Global Social Finance Group, which specializes in socially responsible investing, recently announced the closing of a five-year, USD 50 million Essential Capital Consortium (ECC) social enterprise fund. Continue reading
The Central Bank of Kenya (CBK) recently granted a license to Daraja Microfinance Bank Limited (Daraja MFB) to begin deposit-taking operations, making Daraja the tenth microfinance bank in Kenya . Continue reading