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Thursday, February 7, 2013

MICROFINANCE EVENT: International Fund for Agricultural Development (IFAD), World Bank to Host Global Forum on Remittances 2013, May 20-23, 2013, Bangkok, Thailand

Event Name: Global Forum on Remittances 2013

Event Date: May 20-23, 2013

Event Location: United Nations Conference Centre, Bangkok, Thailand Continue Reading »

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Thursday, February 7, 2013

MICROCAPITAL BRIEF: Pakistan Poverty Alleviation Fund (PPAF) Launches Weather-index Microinsurance in Khushab, Chakwal

The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership, reportedly has launched a weather-indexed microinsurance pilot project covering crop and livestock in the districts of Khushab and Chakwal. Continue Reading »

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Wednesday, February 6, 2013

MICROCAPITAL BRIEF: Citigroup Loans $2m to Microfinance Institution (MFI) Tamweelcom of Jordan

US-based financial service provider Citigroup recently informed MicroCapital that it has issued a local-currency loan equivalent to USD 2 million to Tamweelcom, a Jordanian nonprofit microfinance institution (MFI), to support the growth of its loan portfolio. Continue Reading »

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Wednesday, February 6, 2013

MICROFINANCE EVENT: AITEC Financial Services and Investment Options for a Secure Future, February 14-16, 2013, Nairobi, Kenya

Event Name: The African Information & Communication Technology Exhibition & Conference (AITEC) Finance for Your Future 2013: Financial Services and Investment Options for a Secure Future

Event Date: February 14-16, 2013

Event Location: Nairobi, Kenya Continue Reading »

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Wednesday, February 6, 2013

MICROCAPITAL BRIEF: Senate Passes Bill Expanding Types of Foreign Entities that Can Invest Capital in Rural Banks in the Philippines

The Filipino Senate recently approved the third and final reading of a bill to amend the Rural Banks Act, a law governing the creation, organization and operation of rural lenders, to expand the range of foreign entities that can own shares in Filipino institutions licensed as rural banks. Continue Reading »

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Wednesday, February 6, 2013

MICROCAPITAL BRIEF: Commercial Credit and Finance of Sri Lanka Issues $2m in Debentures

Commercial Credit and Finance Public Limited Company (PLC), a provider of microfinance and other services in Sri Lanka, reportedly has issued five-year debentures worth a total of LKR 250 million (USD 2 million) to raise money to expand its general and microfinance operations. Continue Reading »

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Wednesday, February 6, 2013

MICROCAPITAL BRIEF: Suryoday Micro Finance of India Raises $3.8m from Lok Capital, Aavishkaar, HDFC

Suryoday Micro Finance Private Limited, an Indian microfinance institution (MFI), is reportedly seeking to increase its customer base by 1 million by 2014 and has raised INR 20 crores (USD 3.8 million) in capital from three of its investors: Aavishkaar Goodwell, a for-profit, Indian-Dutch joint venture; Lok Capital, a Mauritius-based microfinance investment vehicle; and the Housing Development Finance Corporation (HDFC), an India-based housing finance company. Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: Sanad Fund for MSME to Loan $20m to Lebanon’s Bank Audi for Small and Medium-sized Enterprises in Middle East, North Africa

The Sanad Fund for MSME (micro-, small and medium-sized enterprise), an initiative of the German development bank Kreditanstalt für Wiederaufbau Entwicklungsbank that provides debt and equity to financial institutions in the Middle East and North Africa (MENA), announced that it has agreed to loan USD 20 million to Bank Audi, a private bank headquartered in Beirut, Lebanon, to support small and medium-sized enterprises (SMEs) in MENA. Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: Smaller Microfinance Banks in Nigeria Want 2 More Years to Raise Capital or Close Branches

The National Association of Microfinance Banks (NAMB), a trade group of 820 microfinance banks (MFBs) in Nigeria, reportedly issued a statement calling for a deadline extension for the implementation of the revised Microfinance Policy Framework, the regulatory guidelines established in August 2011 by the Central Bank of Nigeria (CBN), the country’s apex bank. Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: National Microfinance Bank (NMB) of Tanzania to Establish 20 New Rural Branches

The National Microfinance Bank (NMB), a microfinance institution (MFI) 30-percent owned by the government of Tanzania, reportedly is planning to open 20 additional branches in rural areas. Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: International Bank for Reconstruction and Development (IBRD) to Loan $20m for Russian Government’s Microfinance Development Program

The International Bank for Reconstruction and Development (IBRD), a member of the US-based World Bank Group, reportedly approved a loan of USD 20 million to be disbursed to establish a government-run Microfinance Development Program in Russia, for which the Russian government will budget USD 40 million. Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: Indian Microlender SKS Microfinance Reports Profits After Seven Quarters of Losses

SKS Microfinance, an Indian microlender listed on the country’s National and Bombay Stock Exchanges, recently reported a net profit of INR 11.5 million (USD 209,000) for the quarter ending December 2012, the first quarterly profits for SKS Microfinance in two years. Loans disbursed rose 14 percent to INR 7.8 billion (USD 142 million). Continue Reading »

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Tuesday, February 5, 2013

MICROFINANCE EVENT: Women’s World Banking (WWB) Presents “Pacific Forum 2013: Building Microfinance,” February 28 – March 1, 2013, Auckland, New Zealand

Event Name: Women’s World Banking (WWB) Pacific Forum 2013 “Building Sustainable Microfinance: The Global-Local Experience”

Event Date: February 28 – March 1, 2013

Even Location: Pullman Hotel, Auckland, New Zealand Continue Reading »

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Tuesday, February 5, 2013

MICROFINANCE EVENT: Center for Financial Inclusion, Visa, Citi to Host Webinar on “Financial Inclusion 2020”

Event Name: Webinar: Call to Action – Full Financial Inclusion by 2020

Event Date: February 7, 2013, 10:00 AM – 11:00 AM Eastern US Time

Event Location: Online Continue Reading »

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Tuesday, February 5, 2013

MICROCAPITAL BRIEF: Arab Microfinance Network Sanabel Appoints Sahar Tieby as Executive Director

On January 30, 2013, Sanabel, an Egypt-based nonprofit network of microfinance institutions in Arab countries, announced Sahar Tieby as its new executive director, succeeding Ranya Abdel-Baki, Sanabel’s executive director since October 2009. Continue Reading »

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Monday, February 4, 2013

MICROFINANCE PAPER WRAP-UP: “Briefing Note: The Landscape of Microinsurance in Africa 2012” by Michael J. McCord, Roland Steinmann and Molly Ingram; published by GIZ and Munich Re Foundation; 2012; 11 pages

By Michael J. McCord, Roland Steinmann and Molly Ingram; published by Deutche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Munich Re Foundation; 2012; 11 pages; available at: http://www.microinsurancecentre.org/resources/documents/doc_download/918-briefing-note-the-landscape-of-microinsurance-in-africa-2012.html

This report presents an analysis of the status and characteristics of the microinsurance industry in Africa. Continue Reading »

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Monday, February 4, 2013

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $5m in Local Currency to Converse Bank of Armenia to Support Micro-, Small and Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral institution based in London, England, is providing a local-currency loan equivalent to USD 5 million (approximately AMD 2 billion) to Converse Bank CJSC, a closed joint stock company in Armenia. Continue Reading »

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Monday, February 4, 2013

MICROCAPITAL BRIEF: E-Commerce Companies 360buy, Suning Appliance to Offer Consumption Loans in China to Compete with Alibaba

Chinese electronic commerce (e-commerce) companies 360buy and Suning Appliance reportedly are preparing to enter the lending sector to compete with Alibaba, another Chinese e-commerce corporation that operates a financing company to facilitate its customers’ purchases. Continue Reading »

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