MICROCAPITAL BRIEF: Technology Recognized as Tool to Improve Property Rights, Payment Platforms, Reduce Transaction Costs at International Monetary Fund (IMF) Seminar: “Future of Finance – Technology and Financial Inclusion”

The International Monetary Fund (IMF), a US-based arm of the United Nations, and the US-based World Bank Group, recently held a seminar on technology and financial inclusion as part of its seminar series entitled “The Future of Finance,” panelists discussed the role of technology as a tool to amend market failures in the provision of financial services for low-income people such as via the documentation of property rights and reductions in transaction costs. Continue reading

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MICROCAPITAL BRIEF: Hivos-Triodos Fund (HTF) Loans $3.1m to India’s IntelleGrow for Loans to Small, Medium-Sized Enterprises

The Hivos-Triodos Fund (HTF), a Netherlands-based microfinance investment vehicle, recently loaned EUR 2.5 million (USD 3.1 million) to IntelleGrow, an Indian nonbank financial company that specializes in making loans to small and medium-sized “social enterprises” in the agriculture, clean energy, education, financial, healthcare, sanitation and water sectors. Continue reading

MICROCAPITAL BRIEF: Spain’s Gawa Capital Partners Launches Global Financial Inclusion Fund for Investing in Microfinance Institutions

Gawa Capital Partners, a Spain-based investment firm specializing in microfinance funds, recently announced its launch of The Global Financial Inclusion Fund, which is slated to invest in microfinance institutions that provide financial services such as loans, microinsurance and savings accounts. Continue reading

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MICROCAPITAL BRIEF: Microfinance Enhancement Facility (MEF) Raises $25m via German Bank Gemeinschaftsbank für Leihen und Schenken (GLS)

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in social and ecological projects, has received USD 25 million from unspecified private investors to contribute to the Microfinance Enhancement Facility (MEF), a Luxembourg-based fund that aims to support the growth of microfinance institutions active in the trade, service and agriculture sectors in developing countries by providing them with refinancing liquidity. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: The Broadband Effect: Enhancing Market-based Solutions for the Base of the Pyramid, Strengthening Regulated SACCO Societies in Kenya, Microfinance Barometer

“The Broadband Effect: Enhancing Market-based Solutions for the Base of the Pyramid;” by Olivier Kayser, Lucie Klarsfeld and Simon Brossard; published by the Inter-American Development Bank; September 2014; available at http://www.iadb.org/en/publications/publication-detail,7101.html?id=75634

This report examines how private companies are using broadband, a high-capacity internet connection, to improve the efficiency and reach of their operations that are geared towards the “base of the pyramid (BOP) markets” [1]. Continue reading

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MICROCAPITAL BRIEF: Développement International Desjardins (DiD) Loans $1m to Microfinance Institution Arnur of Kazakhstan

Développement international Desjardins (DiD), a Canada-based nonprofit organization that focuses on providing technical support and investment to community financial institutions, recently granted a loan of USD 1 million to Arnur Credit, a Kazakhstan-based microfinance institution (MFI) that focuses on agribusiness and individuals living in rural areas. Continue reading

MICROCAPITAL BRIEF: Green for Growth Fund Southeast Europe, FMO, Fibabanka Invest in Energy-Efficient Businesses

Green for Growth Fund Southeast Europe (GGF), a Luxembourg-based foundation that finances environmentally sustainable enterprises, along with the Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO), a Dutch development bank, recently entered a joint agreement to provide Turkish bank Fibabanka with a credit line of EUR 40 million (USD 50 million) for on-lending to businesses for efforts that have plans to become more energy-efficient. Continue reading

MICROCAPITAL BRIEF: Liberia Investing for Business Expansion (IBEX) Provides Technical Support, Access to $860k in Credit to Small, Medium-Sized Enterprises (SMEs) Via Banks

The Liberia Investing for Business Expansion (IBEX) program, a project of the United States Agency for International Development (USAID) that focuses on improving access to financial services for small and medium-sized enterprises (SMEs) by linking them with banks, provided clients in the agriculture, construction and trade sectors with access to loans totaling USD 860,000 from July to September 2014. Continue reading

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MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Invests $788k in Oxus DR Congo, $321k in Uganda’s Encot

The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: Continue reading

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MICROCAPITAL BRIEF: SatADSL to Provide Microfinance Institutions, Money Transfer Firms with Satellite Technology to Expand Branch Networks in East Africa

SatADSL (Asymmetric Digital Subscriber Line), a Belgian telecommunications company that provides internet services in Sub-Saharan Africa, recently announced that it plans to provide microfinance institutions and money transfer firms with automated teller machines (ATMs) and money transfer capabilities using “ very small aperture terminal” (VSAT) equipment. Continue reading

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MICROCAPITAL BRIEF: World Wide Fund for Nature (WWF) Establishes 2 Credit Unions Targeting Fishing Industry in Senegal

The World Wide Fund for Nature (WWF), a US-based environmental non-governmental organization (NGO), recently announced its establishment of two credit unions geared towards people involved in fishing in the Senegalese villages of Cayar and Popenguine. Continue reading

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MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Loans $9.5m to Nigeria’s Lift Above Poverty Organization (LAPO) for Microfinance

The Dutch development bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) recently signed an agreement to provide a five-year, local-currency loan equivalent to EUR 7.5 million (USD 9.5 million) to Lift Above Poverty Organization (LAPO), a Nigerian microfinance institution (MFI). Continue reading

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MICROFINANCE PAPER WRAP-UP: “The Next Stage of Financial Inclusion;” by Dean Karlan; Published by Stanford Social Innovation Review

“The Next Stage of Financial Inclusion;” by D. Karlan; published by the Stanford Social Innovation Review; fall 2014; 9 pages; available at: http://www.ssireview.org/pdf/Fall_2014_The_Next_Stage_of_Financial_Inclusion_1.pdf

This paper investigates the evolving role of nonprofit organizations in providing microcredit to people with low incomes. Continue reading

MICROCAPITAL BRIEF: CGAP, MasterCard Foundation Award $500k for Behavioral Research to Freedom from Hunger, IFMR, Innovations for Poverty, The MicroInsurance Centre

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access, and The MasterCard Foundation, a Canadian nonprofit that aims to promote youth learning and financial inclusion in emerging markets, recently awarded a total of USD 500,000 to the following four organizations: Freedom From Hunger, a US-based NGO operating in developing countries to alleviate poverty and hunger; IFMR Finance Foundation, an arm of India’s Institute for Financial Management and Research (IFMR) Trust Group; Innovations for Poverty Action, a US-based nonprofit organization that uses randomized evaluations to research development initiatives; and The MicroInsurance Centre, a US-based, for-profit research, product development and training firm. Continue reading

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MICROCAPITAL BRIEF: Togo-based EcoBank to Accept MasterCard Debit, Credit, Prepaid Cards via 2,500 ATMs, 10,000 Points of Sale in 28 African Countries

MasterCard, a US-based payment solutions company, recently partnered with EcoBank Transnational Incorporated (EcoBank), a Togo-based bank, to enable Ecobank’s customers to use MasterCard debit, credit and prepaid cards at all of Ecobank’s point-of-sale (PoS) terminals and automated teller machines (ATMs). Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to KazMicroFinance (KMF) of Kazakhstan for On-Lending to Small Enterprises

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced that it will loan the equivalent of USD 5 million in Kazakh tenge (KZT) to KazMicroFinance Limited Liability Company (KMF), a microfinance institution (MFI) in Kazakhstan. Continue reading

MICROFINANCE EVENT: “Inclusive Microfinance Conference” 2014, to Address Serving People with Disabilities in Kampala, Uganda, November 11-12, 2014

Event Name: Inclusive Microfinance Conference 2014

Event Dates: November 11-12, 2014

Event Location: Imperial Royale Hotel, Kampala, Uganda Continue reading

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