Belgium’s Incofin Investment Management (Incofin IM) recently informed MicroCapital that three of its funds, Incofin CVSO, Volksvermogen and Rural Impulse Fund I, have sold their stakes in Financiera Confianza, a Peruvian microfinance institution (MFI) affiliated with Fundacion BBVA MicroFinanzas, which in turn was launched by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) in 2007. While the sizes and prices of the stakes, which included all Confianza shares held by Incofin IM funds, remain confidential, Incofin IM reports that the funds earned “over
Event Name: GSG Impact Summit 2017
Event Date: July 9 – July 12, 2017
Event Location: Sheraton Grand Chicago; Chicago, Illinois, USA
Summary of Event: This event will address the state of the impact investment sector and strategies for creating further impact. Session topics will include influencing government policy
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently announced it will loan EUR 40 million (USD 44.9 million) to Union Internationale de Banques (UIB), a Tunisian bank, to support small and medium-sized enterprises’ (SMEs’) “lending activities and expand access to finance for underserved
“Annual Impact Investor Survey 2017, The Seventh Edition;” by Abhilash Mudaliar, Hannah Schiff, Rachel Bass, Hannah Dithrich; published by the Global Impact Investing Network (GIIN), May 2017, 84 pages, available at https://thegiin.org/knowledge/publication/annualsurvey2017
The authors of this paper discuss the results of primary and secondary research on the latest trends and challenges of the impact investment sector, which they define as investments that “target social and / or environmental impact objectives”.
South African technology firm AxMe International Services recently expanded its SureBüddy insurance application to Uganda, allowing users in that country to view advertisements in return for no-cost insurance for their mobile phone screens.
Event Name: Financial Inclusion Innovation Summit 2017
Event Date: August 29 – 31, 2017
Event Location: Stanley Hotel, Port Moresby, Papua New Guinea
Summary of Event: Previously known as Pacific Microfinance Week, this summit will address topics such as wealth creation, accelerating access to finance for small and medium-sized enterprises, how to ensure customer needs are being met
The MasterCard Foundation, which is based in Canada, is accepting applications through June 5 for its 2017 “Clients at the Centre” Prize, which includes a cash award of USD 150,000.
Event Name: Third Sankalp Southeast Asia Summit 2017: Local Problems, Global Solutions
Event Date: September 19 – September 20, 2017
Event Location: Hotel Bidakara; Jakarta, Indonesia
Summary of Event: The focus of the summit is to “strengthen Southeast Asia’s entrepreneurship ecosystem,” and the theme of this year’s iteration is “Local Problems, Global Solutions.” Discussions will address topics such as policy, health, energy, financial services and agriculture.
During May 2017, Italy’s MicroFinanza Rating (MFR), under license from the US-based Smart Campaign, determined that Kyrgyzstan’s Kompanion Bank and FINCA Pakistan have complied with the certification standards derived from the Smart Campaign’s seven client protection
Event Name: Making Finance Work for Women Summit
Event Date: October 24 – October 25, 2017
Event Location: The Kilimanjaro Hotel, Dar es Salaam, Tanzania
Summary of Event: The theme of this year’s biennial summit is “Digital Financial Inclusion.” Sessions will include topics such as “the state of digital financial services”, how policymakers
Event Name: SOCAP17 (Social Capital Markets 2017)
Event Date: October 10 – October 13, 2017
Event Location: Fort Mason Center, San Francisco, California, USA
Summary of Event: Speakers will discuss themes including “the intersection of money and meaning,” climate change, sustainable livelihoods, “neighborhood economics”, education
Event Name: 7th Annual Central Asian & Caucasus Microfinance Forum
Event Date: October 26 – 27, 2017
Event Location: Tbilisi, Georgia
Summary of Event: The theme of this year’s forum is “Microfinance Goes Digital: the Opportunities and Challenges in the Caucasus and Central Asia.” The event will focus on funding policy, social responsibility and how financial technology
The Green for Growth Fund, Southeast Europe (GGF), a Luxembourg-based facility investing in environmental efforts, recently announced it will loan EUR 20 million (USD 21.9 million) to UniCredit Bank Serbia, an arm of Italy’s UniCredit Group, to “reduce carbon dioxide emissions” by on-lending the funds to enable
Event Name: The SEEP Network Annual Conference
Event Date: October 2 – 4, 2017
Event Location: Renaissance Arlington Capital View Hotel; Arlington, Virginia, USA
Summary of Event: The theme of this year’s conference is “Catalyzing Transformative Change.” Speakers will address strategies in the following tracks: (1) Resilience
Belgium’s Incofin Investment Management recently informed MicroCapital that its Rural Impulse Funds I and II have sold all of their shares of Crezcamos, a Colombian microfinance institution (MFI), to
The New York chapter of Women Advancing Microfinance, a group that organizes events and provides scholarships supporting women involved in social entrepreneurship, is hosting an event called “A Purpose-led Career,” at which a panel will discuss setting and achieving personal and career
MicroCapital: Why was housing selected as the theme of this year’s European Microfinance Award?
Christoph Pausch: It’s really a question of staying true to the underlying purpose of the Award: to highlight practices that are outside the microfinance mainstream, but are financially sustainable and deliver significant
Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution providing group loans to women in Indonesia, recently borrowed USD 15 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Netherlands-based development finance institution. This is the third loan FMO has provided to MBK