MICROFINANCE PUBLICATION ROUND-UP: Funding Trends for Inclusive Finance; Developments in Agricultural Microinsurance; Financial Inclusion in South Africa: Survey Results

Trends in International Funding for Financial Inclusion;” by Edlira Dashi, Estelle Lahaye and Ralitsa Rizvanolli; published by CGAP (Consultative Group to Assist the Poor); December 2013; 4 pages; available at http://www.cgap.org/sites/default/files/Brief-Trends-in-International-Funding-for-Financial-Inclusion-Dec-2013.pdf

This report explores qualitative and quantitative data reflecting trends in the public and private capitalization of financial service providers offering inclusive finance products and services. Continue reading

MICROFINANCE EVENT: Burgundy School of Business, ISCAE, Attawfiq Micro-Finance to Host “5th International Conference on Institutional and Technological Environment for Microfinance (ITEM5),” March 18 – 20, 2014, Casablanca, Morocco

Event Name: 5th International Conference on the Institutional and Technological Environment for Microfinance (ITEM5)

Event Date: March 18 – 20, 2014

Event Location: Institut Supérieur de Commerce et d’Administration des Entreprises (ISCAE), Casablanca, Morocco Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $47m to Orient Express Bank of Russia to Support Energy Efficient Investments, Agriculture

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it has disbursed three loans in local currency equivalent to EUR 34 million (USD 46.5 million) to Orient Express Bank (OEB), a private commercial bank in Russia [1]. Continue reading

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $150m to Yes Bank of India for On-lending to Women-Owned Micro-, Small, Medium-Sized Enterprises (MSMEs)

The International Finance Corporation (IFC), a multilateral development bank and member of the US-based World Bank Group, plans to loan USD 150 million to Yes Bank, a commercial bank based in the Indian city of Mumbai. Continue reading

MICROCAPITAL BRIEF: Citigroup, Overseas Private Investment Corporation (OPIC) Lend $10m to Bank of Georgia to Support Financial Inclusion of Micro-, Small Enterprises (MSEs)

Citigroup (Citi), a US-based financial services corporation with operations in 140 countries, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, have announced a term-loan of USD 10 million to Bank of Georgia, a commercial bank in Georgia that is a subsidiary of UK-based Bank of Georgia Holdings, to support the financial inclusion of microentrepreneurs and small businesses in Georgia [1]. Continue reading

MICROFINANCE PAPER WRAP-UP: “A Guide to Responsible Investing,” Published by MicroRate

“A Guide to Responsible Investing,” published by MicroRate, December 2013, 7 pages, available at http://www.microrate.com/a-guide-to-responsible-investing-a-microrate-white-paper

MicroRate, a US-based for-profit microfinance rating agency, has published a primer introducing the terminology and practices used by the “responsible” investing community. Continue reading

MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl

Indian microfinance institution (MFI) Utkarsh reportedly has raised INR 75.8 crore (USD 12.2 million) through the issue of non-convertible debentures (NCDs) to Mauritius-based Unit Trust of India International Wealth Creator 4, a fund of UTI Asset Management Company of India; the Microfinance Enhancement Facility (MEF), an investment vehicle founded by the World Bank’s International Finance Corporation and German development bank Kreditanstalt für Wiederaufbau (KfW); and AAV Sarl, a fund structured by Switzerland’s Symbiotics to deploy investments belonging to that firm’s clients. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently invested USD 60 million in a 5-year, senior, unsecured USD 300 million bond issue by a Moroccan public joint stock bank, Banque Marocaine du Commerce Extérieur (BMCE). Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $68m to Garanti Leasing of Turkey to Support On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has opened a credit line of EUR 50 million (USD 68.3 million) for Garanti Leasing (GL), a leasing company subsidiary of Turkey’s Garanti Bank (GB), to be on-lent to micro-, small and medium-sized enterprises (MSMEs) in the country. Continue reading

MICROCAPITAL BRIEF: Airtel, Nico Insurance Zambia to Offer Mobile Insurance

Bharti Airtel (Airtel), an India-based telecommunications provider, reportedly is expanding the range of services that users in Zambia can pay for with its ‘Airtel Money’ mobile money service to include insurance. Airtel’s 1.8 million customers in the country will now be able to purchase insurance policies from Nico Insurance Zambia, an insurance provider and subsidiary of Malawi-based Nico Holdings Limited. Continue reading

MICROFINANCE PAPER WRAP-UP: “Global Financial Development Report 2014,” Published by the World Bank

“Global Financial Development Report 2014,” published by The World Bank, January 2014, 225 pages, available at http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTGLOBALFINREPORT/0,,menuPK:8816192~pagePK:64168176~piPK:64168140~theSitePK:8816097,00.html

This report draws on research and analysis of the global financial services market to address the needs of low-income people that do not have access to financial services and recommends policies that the authors believe would increase financial inclusion. Continue reading