Microfinance and Microcredit Investment | Microcapital.org - Page 62
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Thursday, November 15, 2012

MICROCAPITAL BRIEF: Agricultural Sector To Benefit from Central Bank of Nigeria’s $3.9b Loan

The Central Bank of Nigeria (CBN), the country’s apex financial regulator, recently announced plans to disburse the sum of NGN 600 billion (USD 3.9 billion) as loans to small holder farmers. Continue Reading »

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Thursday, November 15, 2012

SPECIAL REPORT: Sanjay Sinha of M-CRIL Calls Overexuberant Growth “Recipe for Disaster” at European Microfinance Week Opening

This morning, following a day of member meetings, the European Microfinance Platform (e-MFP) opened its eighth European Microfinance Week, which is themed “Combining Strength, Delivering Results” and aims to address the loss of confidence in many circles that microfinance benefits poor people. In the opening plenary session, Sanjay Sinha, managing director of India’s Micro Credit Rating International Limited (M-CRIL), said that, “Moderate growth is good for inclusion. Rampant growth, which is what we had for a long time in India, is a recipe for disaster…. In order to reduce growth, we need to temper the egos of the promoters of microfinance institutions (MFIs). And we all know we need to dampen the expectations of investors – I’m talking mainly of the Indian commercial banking sector.” Continue Reading »

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Thursday, November 15, 2012

MICROCAPITAL BRIEF: Bank of Ghana Grants Final License to 90 Financial Institutions

Ninety financial institutions in Ghana recently received their final operating licenses from the Bank of Ghana (BOG), the country’s central bank. Continue Reading »

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Wednesday, November 14, 2012

SPECIAL REPORT: European Microfinance Platform Remittances Action Group, GIZ, PHB Development Release Handbook: “Financial Literacy for Remittances and Diaspora Investments”

This afternoon, the Remittances Action Group of the European Microfinance Platform (e-MFP) met to share member experiences, plan future action steps and announce the release of the “Financial Literacy for Remittances and Diaspora Investments” handbook. The document, which is the first of three planned outputs to be completed by the group, was published by German bilateral development agency GIZ, with participation from PHB Development, a Belgium-based consulting firm, and e-MFP, which is a Luxembourg-based membership organization. As the handbook was released as a compact disc and on paper, it is not available online other than via the above link as of today. Details on the other proceedings of the meeting, such as the other planned outputs of the Remittance Action Group and news from action group members, are slated for publication by MicroCapital in a separate brief. Continue Reading »

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Wednesday, November 14, 2012

SPECIAL REPORT: At European Microfinance Platform’s Microfinance Week, ADA, REDCAMIF Detail Support for MFIs, National Networks in Developing New Products as Part $7m Effort in Central America, Caribbean

This morning, representatives of Luxembourg-based nonprofit Appui au Développement Autonome (ADA) and the Red Centroamericana y del Caribe de Microfinanzas (REDCAMIF), a network of seven national microfinance networks, presented their progress to date on their joint effort to promote product innovation and capacity building among microfinance institutions (MFIs) in Central America and the Dominican Republic. The partnership, which was launched earlier in 2012, has a budget of EUR 5.5 million (USD 7 million) to be disbursed over a period of 4.5 years. The organizations have completed a survey of client needs in the region and have dedicated approximately 15 percent of the project budget to support networks in becoming self-sufficient, including through a fund to support national networks in developing products they can sell to their member MFIs. Continue Reading »

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Wednesday, November 14, 2012

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Lends $70m to Garanti Bank of Turkey, Hipotekarna Banka of Montenegro, Bai Tushum of Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD), a development finance institution based in London, recently extended a USD 60 million credit line to Garanti Bank, a Turkish private bank, to develop small and medium-sized enterprises (SMEs) owned by women. Continue Reading »

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Tuesday, November 13, 2012

MICROCAPITAL BRIEF: Private Equity Firms Investing in Indian Microfinance Institutions (MFIs) After Two-Year Hiatus

Private equity firms are beginning to invest in Indian microfinance institutions (MFIs) that offer products such as insurance, pension plans and chit funds in order to diversify their portfolios. It is reported that private equity firms have invested INR 7.5 billion (USD 138 million) in Indian MFIs this year, as compared to INR 2.5 billion (USD 46 million) invested in 2011. Continue Reading »

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Monday, November 12, 2012

MICROCAPITAL BRIEF: To Boost Usage, Mobile Money Service Providers in Nigeria Told To Focus on the Unbanked

A representative of the Nigerian arm of Accenture, a consulting firm with its headquarters in Dublin, Ireland reportedly has advised mobile money service providers in Nigeria to re-strategize their operations so as to increase patronage of their services. Continue Reading »

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Saturday, November 10, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Daiwa Securities of Asia to Issue Microfinance Bond in South Africa, Turkey

The International Finance Corporation (IFC), a member of the US-based World Bank Group, will issue a microfinance bond to Japanese retail and institutional investors in an effort to expand financial access for poor people in South Africa and Turkey. Continue Reading »

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Friday, November 9, 2012

MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $453k to Opportunity Microcredit Romania

The European Fund for Southeast Europe (EFSE), a Luxembourg-based investment fund that mobilizes capital for microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of USD 453,000 to Opportunity Microcredit Romania (OMRO), a Romanian MFI that is a member of the US-based Opportunity International network. Continue Reading »

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Thursday, November 8, 2012

MICROCAPITAL BRIEF: ResponsAbility loans $1.2m to Caja Municipal de Ahorro y Credito de Maynas of Peru, Disburses First Tranche of $15m Loan to Vision Fund International

ResponsAbility Social Investments, a for-profit Swiss fund manager, recently informed MicroCapital that it has loaned the local-currency equivalent of USD 1.2 million as subordinated debt to Caja Municipal de Ahorro y Crédito de Maynas, a Peruvian microfinance institution (MFI). Continue Reading »

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Wednesday, November 7, 2012

MICROCAPITAL BRIEF: FinMark Trust 2012 FinScope South Africa Survey: Banking Population Increased from 63% to 67% in Past Year

According to the recent FinScope South Africa survey from South African nonprofit FinMark Trust, 22.5 million individuals over the age of 16 are part of South Africa’s banking population, which is equivalent to 67 percent of the country’s adult population. Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: isePankur.com Now Connecting Lenders From Across Europe With Borrowers in Estonia

IsePankur, an Estonian online lending platform allowing individuals and small and medium-sized enterprises to borrow and lend to each other, recently began allowing anyone within the European Union to loan as little as EUR 5 (USD 6.40) to individuals and organizations in Estonia. Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: Brazil Doubles Microfinance Loan Ceiling to $19,000

Brazil’s National Monetary Council, a body charged with regulating and monitoring Brazilian capital markets and financial institutions, recently increased the limit for each microcredit loan from BRL 20,000 (USD 9,840) to BRL 40,000 (USD 19,677). Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Commits Technical Assistance To Indian Credit Bureau, High Mark

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently agreed to provide technical assistance to High Mark, an Indian credit bureau, in an effort to encourage microfinance lenders in India to use credit bureaus in assessing the repayment capacity of borrowers. Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Funds Loan $5m to Microfinance Institutions in Ecuador, Peru

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in asset allocation, analysis and management as well as microfinance, recently disbursed loans to four microfinance institutions (MFIs) in Peru and one in Ecuador. Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: Making Finance Work for Africa (MFW4A), Munich Re Foundation Survey: African Microinsurance Tripled in 3 Years

A recent study being released this week by Making Finance Work For Africa (MFW4A), an initiative that aims to coordinate financial sector development among African governments, and Munich Re Foundation, the charitable arm of the German reinsurance company, indicates the microinsurance market in Africa has grown by 200 percent in the past 3 years. Continue Reading »

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Monday, November 5, 2012

MICROCAPITAL BRIEF: Habitat for Humanity, Citi Foundation, Multilateral Investment Fund (MIF) Unveil The Housing Microfinance: Product Development Toolkit

Habitat for Humanity, a US-based nonprofit organization, and Citi Foundation, the charitable arm of US-based financial services provider Citigroup, recently unveiled “The Housing Microfinance: Product Development Toolkit” in an effort to increase lending to improve housing for poor people worldwide. Continue Reading »

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