MICROCAPITAL BRIEF: Norwegian Investment Fund for Developing Countries (Norfund) Loans $1.4m to NMB Bank Parent for On-lending to SMEs in Zimbabwe

The Norwegian Investment Fund for Developing Countries (Norfund), a state-owned institution, recently issued a seven-year loan of USD 1.4 million to investment holding company NMBZ (National Merchant Bank of Zimbabwe) Holdings, which owns NMB Bank Limited, for on-lending to small and medium enterprises (SMEs). Continue reading

MICROCAPITAL BRIEF: African, Caribbean and Pacific Group of States, European Union Offering Scholarships for Government Officials to Attend Boulder Microfinance Training Programme

The African, Caribbean and Pacific Group of States’ (ACP’s) and the European Union’s (EU’s) Microfinance Framework Programme, a multinational effort that invests in microfinance projects in 80 countries, has announced that it is accepting applications from government officials from ACP member countries for 25 scholarships to attend the Italy-based session of the Boulder Microfinance Training Programme (BMTP), which is run by the US-based nonprofit Boulder Institute of Microfinance.  Continue reading

MICROFINANCE PAPER WRAP-UP: “Perspectives on Progress: The Impact Investor Survey;” by Yasemin Saltuk; published by JP Morgan and the Global Impact Investing Network (GIIN)

By Yasemin Saltuk; published by JP Morgan and the Global Impact Investing Network (GIIN); January 2013; 28 pages; available at: http://www.thegiin.org/cgi-bin/iowa/download?row=489&field=gated_download_1

This report is the third annual survey by US-based investing firm J.P. Morgan and US-based nonprofit Global Impact Investing Network (GIIN) that attempts to shed light on the condition and future prospects of the impact investment market by surveying a sample of investors in the field. Continue reading

MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact

Opportunity International, a US-based nonprofit that focuses on microfinance in emerging markets, has recently agreed to license Insight, a business analytics product developed by Temenos, a software company based in Switzerland. The organization will hire Temenos to customize the software to produce reports that measure the social impact of lending on borrowers and their communities. Continue reading

MICROCAPITAL BRIEF: AccessBank of Azerbaijan Borrows $4.2m from European Bank for Reconstruction and Development (EBRD) for Energy Efficient Remodel of Headquarters

AccessBank, a for-profit microfinance institution based in Azerbaijan, recently received a loan of USD 4.2 million from the European Bank for Reconstruction and Development (EBRD), a multilateral institution headquartered in London, that will provide 30 percent of the financing required to renovate its new headquarters in Baku.  Continue reading

MICROCAPITAL BRIEF: Boston University, CGAP Partner on Financial Inclusion Regulation Website, Request Submissions of Material from Microfinance Stakeholders

The US-based Center for Finance, Law and Policy at Boston University (BU Center) has partnered with CGAP (Consultative Group to Assist the Poor), a US-based nonprofit research and policy center, to create an online repository of materials relating to the regulation of financial inclusion around the world. Continue reading

MICROCAPITAL BRIEF: Microfinance Institutions in the Philippines Urged to Harness Remittances as Source of Funding

The National Economic Development Authority (NEDA), an agency of the government of the Philippines responsible for development and planning, is reportedly urging microfinance institutions (MFIs) in the country to tap into remittances from overseas Filipino workers as a source of funding.  Continue reading

MICROCAPITAL BRIEF: Women’s World Banking (WWB), Citi Foundation Launch Women in Leadership Program

US-based microfinance network Women’s World Banking (WWB), with financial support from Citi Foundation, the charitable arm of US-based financial firm Citigroup, recently launched the “Women in Leadership Program,” an initiative aimed at increasing the number of women in leadership positions in microfinance. Continue reading

MICROFINANCE PUBLICATION ROUND-UP: Microfinance Handbook; Evolution of Microfinance; Impact of Private Sector Investment on Job Creation

The New Microfinance Handbook: A Financial Market System Perspective;” edited by Joanna Ledgerwood, Julie Earne and Candace Nelson; published by the World Bank Group; February 2013; 504 pages; available at: https://openknowledge.worldbank.org/handle/10986/12272 Continue reading

MICROCAPITAL BRIEF: Agence Francaise de Developpement (AFD) to Guarantee Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans, Largely in Sub-Saharan Africa

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions, recently signed a risk and technical assistance agreement with the Agence Francaise de Developpement (AFD), a bi-lateral development finance institution of the French government, to further GCAMF’s microfinance efforts, particularly in Sub-Saharan Africa.  Continue reading

MICROCAPITAL BRIEF: Women’s World Banking (WWB) Partners with Australia’s AusAID on Microinsurance, 90k Jordanians Reached by Microfund for Women

The Australian Agency for International Development (AusAID), an agency of the federal government of Australia, reportedly has pledged its support to Women’s World Banking (WWB), a US-based nonprofit microfinance network, to assist with the expansion of international microinsurance services. Continue reading