MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Loans $20m to Armenia’s Ameriabank

The Dutch development bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) recently agreed to loan USD 20 million to Ameriabank Closed Joint Stock Company (CJSC) (Ameriabank), a commercial bank in Armenia. Continue reading

MICROCAPITAL BRIEF: Borrowing in Cambodia from Microfinance, Commercial Banks Forecast to Increase by 147% to $14b by 2020

The latest outlook published by the Credit Bureau of Cambodia (CBC), a provider of credit information to organizations and consumers in Cambodia, forecasts that the total number of customers of microfinance institutions (MFIs) and commercial banks will increase from 1.9 million to 3.3 million individuals by 2020 and that these customers will borrow a total of USD 14 billion by that time, up from USD 5.7 billion [1]. Continue reading

MICROCAPITAL BRIEF: FirstRand Bank Downscaling into Microfinance in Suburban Mumbai, India

Under a pilot project named “Easy Banking,” FirstRand Bank, a commercial bank based in South Africa, is providing financial services to shops and other small businesses in areas of suburban Mumbai, such as Bandra and Lokhandwala, based on the rationale that competition is too fierce in areas with higher population densities. Continue reading

MICROCAPITAL BRIEF: Lanka Orix Leasing Company (LOLC) of Sri Lanka Pays $20m to Acquire 60% Stake in Thaneakea Phum (Cambodia) from Developing World Markets, TPC Employee Association

Thaneakea Phum (Cambodia) (TPC), a Cambodia-based microfinance institution (MFI), recently informed MicroCapital that Developing World Markets Asset Management (DWM), a US-based investment fund manager, has sold 55-percent equity stake in TPC to LOLC Micro Investments Limited (LOMI), a subsidiary of Sri-Lankan financial services group Lanka Orix Leasing Company (LOLC) [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Lanka Orix Leasing Company (LOLC) of Sri Lanka Pays $20m to Acquire 60% Stake in Thaneakea Phum (Cambodia) from Developing World Markets, TPC Employee Association Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Safaricom Lowers M-Pesa Transaction Fees for Electronic Person-to-Person Transfers in Kenya

Safaricom, a telecommunications provider in Kenya, recently decreased the transaction fees that the firm charges for its “person-to-person” fund transfers via M-Pesa, a mobile money service developed by Vodafone, a British multinational telecommunications company. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Safaricom Lowers M-Pesa Transaction Fees for Electronic Person-to-Person Transfers in Kenya Posted in Africa, Key Players

MICROCAPITAL BRIEF: Nigeria’s National Association of Microfinance Banks (NAMB) Announces Microloan Payments $770m  Since 2005

The National Association of Microfinance Banks (NAMB), a trade group of 900 microfinance banks in Nigeria, recently reported on the progress of microfinance in the country from 2005 to 2012. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Nigeria’s National Association of Microfinance Banks (NAMB) Announces Microloan Payments $770m  Since 2005 Posted in Africa, Trends/Challenges

MICROCAPITAL BRIEF: Cape Verde Engages ADA in Adjusting Legal Framework to Encourage Microfinance

The island nation of Cape Verde, with the support of Luxembourg-based NGO ADA, which was founded in 1994 as Appui au Développement Autonome, has established a new law enabling a regulatory framework intended to be more conducive to microfinance. Continue reading

MICROFINANCE PAPER WRAP-UP: “Does Good Client Protection Impact Financial Performance?”; by B. Perez-Rocha, A.G.F. Hoepner, L. Spaggiari, C. Lapenu and B. Brusky; Published by European Microfinance Platform

“Does Good Client Protection Impact Financial Performance?”; by B. Perez-Rocha, A.G.F. Hoepner, L. Spaggiari, C. Lapenu and B. Brusky in collaboration with the European Microfinance Platform (e-MFP) Making Microfinance Responsible Action Group; May 2014; 28 pages; available at http://www.e-mfp.eu/sites/default/files/resources/2014/05/Brief_No_4_2014_web.pdf

This paper explores the relationship between the financial performance of microfinance institutions (MFIs) and the Client Protection Principles (CPP) that are promoted by the Smart Campaign, a US-based consumer protection initiative targeting microfinance clients worldwide. Continue reading

Written by Comments Off on MICROFINANCE PAPER WRAP-UP: “Does Good Client Protection Impact Financial Performance?”; by B. Perez-Rocha, A.G.F. Hoepner, L. Spaggiari, C. Lapenu and B. Brusky; Published by European Microfinance Platform Posted in European Microfinance Week

MICROFINANCE PAPER WRAP-UP: “Integrated Health and Microfinance in India, Volume II: The Way Forward;” by Somen Saha, D.S.K. Rao; published by Microcredit Summit Campaign, Freedom from Hunger

“Integrated Health and Microfinance in India, Volume II: The Way Forward;” by Somen Saha and D.S.K. Rao; published by the Microcredit Summit Campaign and Freedom from Hunger; 2014; 36 pages; available at http://microcreditsummit.org/uploads/resource/document/ffh_indiareport_2014_web_58274.pdf

This paper builds on a report entitled “Integrated Health and Microfinance in India: Harnessing the Strengths of Two Sectors to Improve Health and Alleviate Poverty”, which was written in 2012 by a group of authors that includes those who wrote “Volume Two.” Continue reading

MICROCAPITAL BRIEF: Philippines-Based Metrobank Foundation to Expand Microfinance, Metrobank Group Donates $456k for Development Projects

The Metrobank Foundation, an arm of Philippine financial conglomerate Metropolitan Bank and Trust Company (Metrobank Group) recently announced that it plans to expand its microfinance project that is focused on Filipino citizens who work overseas, with particular attention to domestic workers based in Singapore and Hong Kong. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Microinsurance Distribution Channels, Friendship Bridge, MicroVest Impact Reports

“Microinsurance Distribution Channels: Insights for Insurers;” by Alice Merry, Pranav Prashad and Tobias Hoffarth; published by the Microinsurance Innovation Facility of the International Labour Organization as Paper Number 33; June 2014; 25 pages; available at http://www.microinsurancefacility.org/sites/default/files/MP33.pdf

The Microinsurance Innovation Facility of the International Labour Organization (ILO), an agency of the United Nations that addresses labour standards and related issues, recently analyzed the distribution channels available to microinsurance providers based on the experiences of 60 of its partner institutions.

Continue reading

MICROFINANCE EVENT: ADA 20th Anniversary Academic Symposium and Exhibition, October 15-16, 2014, Neumünster Abbey Cultural Centre, Luxembourg

Event Name: ADA 20th Anniversary Academic Symposium and Exhibition

Event Date: October 15, 2014 and October 16, 2014

Event Location: Centre Culturel de Rencontre Abbaye de Neumünster, Luxembourg Continue reading

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MICROFINANCE EVENT: 25th Annual SRI Conference on Sustainable, Responsible, Impact Investing, November 9-11, 2014, The Broadmoor, Colorado Springs, United States

Event Name: 2014 SRI Conference on Sustainable, Responsible, Impact Investing

Event Date: November 9 to November 11, 2014

Event Location: The Broadmoor, Colorado Springs, Colorado, United States Continue reading

Written by Comments Off on MICROFINANCE EVENT: 25th Annual SRI Conference on Sustainable, Responsible, Impact Investing, November 9-11, 2014, The Broadmoor, Colorado Springs, United States Posted in Events

MICROCAPITAL BRIEF: Myanmar Investments International Announces Joint Venture with Microfinance Institution (MFI) Myanmar Finance

Myanmar Investments Limited (MIL), a subsidiary of British Virgin Islands-based investment company Myanmar Investments International Limited (MIIL), recently entered into a conditional joint venture agreement with Myanmar Finance Company Limited (MFC), a Myanmar-based microfinance institution (MFI), to create Myanmar Finance International Limited (MFIL), which will be based in Myanmar and provide microfinance services in the country. Continue reading

MICROCAPITAL BRIEF: Asociación de Bancos del Perú (ASBANC) Partners with Ericsson to Implement Mobile Money System

The Asociación de Bancos del Perú (ASBANC), an association of 23 financial institutions in the country, has announced a partnership with Ericsson, a Sweden-based telecommunications company, with the aim of implementing a mobile money platform in Peru called Mobile Money. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Asociación de Bancos del Perú (ASBANC) Partners with Ericsson to Implement Mobile Money System Posted in Deals, Latin America

MICROFINANCE EVENT: Sanabel 2014 Conference : “Microfinance at Crossroads : Current Developments and Future Prospects in the Arab States”, September 29-30, 2014, Dubai, United Arab Emirates (UAE)

Event Name: Sanabel 2014 Conference : Microfinance at Crossroads : Current Developments and Future Prospects in the Arab States

Event Date: September 29 – September 30, 2014

Event Location: Intercontinental – Festival City, Dubai, United Arab Emirates (UAE) Continue reading

Written by Comments Off on MICROFINANCE EVENT: Sanabel 2014 Conference : “Microfinance at Crossroads : Current Developments and Future Prospects in the Arab States”, September 29-30, 2014, Dubai, United Arab Emirates (UAE) Posted in Events, Microinsurance, Middle East, Regulation

MICROCAPITAL BRIEF: Unitus Seed Fund Raises $7m in Capital for Equity Investment in Indian Startups

Unitus Seed Fund, a venture capital fund with offices in Bangalore, India, and the US City of Seattle, recently secured USD 7 million from multiple investors, bringing its fund size to USD 20 million. Continue reading