MICROCAPITAL BRIEF: World Bank Group (WBG) Announces “Financial Infrastructure Development Project” in Yemen; International Development Association (IDA) Provides Grant of $20m

The World Bank Group (WBG), a US-based development bank, recently announced a new initiative called the “Financial Infrastructure Development Project” that aims to improve the transparency and efficiency of Yemen’s financial system as well as increase the financial inclusion of low-income people in the country. Continue reading

MICROCAPITAL BRIEF: “Financial Diaries Project” Preliminary Readings: Low-Income People in Papua New Guinea Travel Long Distances for Financial Transactions

The “Financial Diaries Project,” an initiative launched in September 2012 by the Bank of Papua New Guinea (BPNG), the nation’s central banking authority, and the Pacific Financial Inclusion Program (PFIP), a project designed by the United Nations to increase access to financial services for low-income Pacific Islanders, recently released a preliminary report that found that low-income people in Papua New Guinea often travel “unusually long” distances to urban centers to carry out financial transactions [1,2]. Continue reading

MICROCAPITAL BRIEF: Aeon Financial Service Company Limited Launches Consumer Credit Services Subsidiary Aeon Microfinance (Myanmar) Company

Aeon Financial Service Company Limited (Aeon), a Japanese-based credit and financial services provider, recently announced that it has launched Aeon Microfinance (Myanmar) Company, a consumer credit services subsidiary based in the Myanmar State of Yangon. Continue reading

MICROCAPITAL BRIEF: Tanzania Postal Bank (TPB), World Savings Banks Institute (WSBI), Bill and Melinda Gates Foundation to Launch “TPB Popote” to Reach Unbanked Tanzanians

The Tanzania Postal Bank (TPB), a Tanzania-based financial services organization, recently partnered with the World Savings Banks Institute (WSBI), a Switzerland-based international banking association, and the Bill and Melinda Gates Foundation (BMGF), a US-based nonprofit organization, to launch a new mobile banking service called “TPB Popote” that aims to increase the financial inclusion of low-income people in rural regions of Tanzania. Continue reading

MICROCAPITAL BRIEF: German KfW Bank Invests $3.28m in Equity in Invest India Micro Pension Services

Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW), a German state-owned development bank, has invested USD 3.28 million in equity in Invest India Micro Pension Services (IIMPS), a New Delhi-based regulator of micro-pension and long-term micro-savings products for poor people, in order to expand pension services to the working poor [1]. Continue reading

MICROCAPITAL BRIEF: African Insurance Organization (AIO) Inaugurates Microinsurance Committee

The African Insurance Organization (AIO), a Cameroon-based nonprofit that seeks to promote intra-African cooperation in developing Africa’s insurance and reinsurance industry, recently inaugurated a Microinsurance Committee to oversee the growth of microinsurance on the continent. Continue reading

MICROCAPITAL BRIEF: Ecobank, Lonestar Cell MTN Launch “Mobile Money School Fees Payment Service” in Liberia

Ecobank Transnational Incorporated (ETI), a pan-African banking conglomerate that operates in 33 African countries, and Lonestar Cell Mobile Telecommunications Network (MTN), a member of the multinational telecommunications company MTN Group that has services in 21 countries in Africa, Europe and Middle East, reportedly have launched a partnership in Liberia that will alleviate the costs of waiting to pay for students’ school fees [1]. Continue reading

MICROFINANCE PAPER WRAP-UP: “From Blueprint to Scale: The Case for Philanthropy in Impact Investing;” by Harvey Koh, Ashish Karamchandani and Robert Katz; Published by Monitor Group and Acumen Fund

By Harvey Koh, Ashish Karamchandani and Robert Katz; published by Monitor Group and the Acumen Fund; April 2012; 68 pages; available at: http://www.mim.monitor.com/downloads/Blueprint_To_Scale/From%20Blueprint%20to%20Scale%20-%20Case%20for%20Philanthropy%20in%20Impact%20Investing_Full%20report.pdf Continue reading

MICROCAPITAL BRIEF: Government of Sri Lanka Proposes Long-Delayed Regulations for Microfinance Institutions (MFIs)

The government of Sri Lanka recently proposed a three-tier regulatory and supervisory framework updating a previously proposed law that, if passed, would be applicable to Sri Lankan microfinance institutions (MFIs) that accept deposits from the public. Continue reading

MICROFINANCE PAPER WRAP-UP: Symbiotics 2013 MIV Survey Report: Market Data and Peer Group Analysis

Published by Symbiotics Research and Advisory; 2013; 31 pages; available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.62223

Symbiotics SA has conducted the seventh annual survey of microfinance investment vehicles (MIVs) which draws on survey responses from 84 MIVs representing approximately 93 percent of the global MIV market asset base. This paper presents an analysis of the financial and social performance of the microfinance investment industry based on data from December 2012. Continue reading

MICROCAPITAL BRIEF: Asian Development Bank (ADB) Loans $50m to AccessBank of Azerbaijan for Micro-, Small, Medium-sized Enterprises in Rural Areas

AccessBank, an Azerbaijani for-profit microfinance institution (MFI), recently notified MicroCapital that the Asian Development Bank (ADB), a multilateral finance institution based in the Philippines, will provide a USD 50 million five-year senior loan facility to AccessBank. Continue reading

MICROCAPITAL BRIEF: Government of Cameroon Partners with United Nations Development Program (UNDP), International Fund for Agricultural Development (IFAD), United Nations Capital Development Fund (UNCDF) To Consolidate Microfinance Sector

The government of Cameroon recently partnered with three agencies of the United Nations to consolidate the country’s microfinance sector by increasing governmental regulations and mergers of microfinance institutions (MFIs). Continue reading