MICROCAPITAL BRIEF: Banks Finance Fewer Small and Medium-sized Enterprises in Pakistan

According to a report from the State Bank of Pakistan (SBP), the central banking authority of the country, bank financing of small and medium-sized enterprises (SMEs) declined by 4.5 percent from PKR 293 billion (USD 2.99 million) in June 2011 to PKR 248 billion (USD 2.54 billion) in June 2012. Continue reading

MICROCAPITAL BRIEF: Pakistan’s Tameer Microfinance Bank Lists Term Finance Certificates Worth $10m on Karachi Stock Exchange

Tameer Microfinance Bank Limited (TMFB), a commercial bank in Pakistan that is majority-held by Norwegian mobile firm Telenor, recently issued two term finance certificates (TFCs) each worth PKR 500 million (USD 5 million) on the Karachi Stock Exchange (KSE) in an effort to raise capital. Continue reading

MICROCAPITAL BRIEF: Telenor Participates in Launch of MicroEnsure Asia, Opportunity International Sells Stakes in MicroEnsure to International Finance Corporation (IFC), Omidyar Network

MicroEnsure, a microinsurance intermediary founded by US-based nonprofit Opportunity International, has partnered with Telenor Group, a Norwegian mobile communications company, to launch MicroEnsure Asia, which will provide insurance products to Telenor’s business units in Asia. Continue reading

MICROCAPITAL BRIEF: IFC, Global Agriculture and Food Security Program Invest $10m in Root Capital for Farmers in Africa, Latin America

The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, and the private-sector office of the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism established by the G20 group of 20 large economies, have announced that each of the organizations will invest USD 5 million in Root Capital, a US-based nonprofit social investment fund. Continue reading

MICROCAPITAL BRIEF: MicroFinance Transparency, Pakistan Microfinance Network Partner to Collect, Publish Microloan Pricing Data

MicroFinance Transparency (MFTransparency), a US-based nongovernmental organization that provides information on microcredit products and their prices, is partnering with Pakistan Microfinance Network (PMN), a network of 29 microfinance providers in Pakistan, to publish pricing data on loans offered by microfinance institutions in Pakistan. Continue reading

MICROCAPITAL BRIEF: India’s IFMR Capital Pools Loan Assets from 8 Microfinance Institutions, For Trading on Bombay Stock Exchange

IFMR Capital, an affiliate of the Indian nonprofit Institute for Financial Management and Research (IFMR), a private trust that aims to provide Indian enterprises with access to financial services, recently listed a securitized debt instrument on the Bombay Stock Exchange that pooled loan assets from eight microfinance institutions (MFIs). Continue reading

MICROCAPITAL BRIEF: YouthStart Supports Opening of 40,000 Savings Accounts, Grants $640k to Faitiere des Unites Cooperatives d’Epargne et de Credit du Togo (FUCEC)

YouthStart, a program that aims to increase access to financial services for low-income youth in Sub-Saharan Africa, recently reported that approximately 40,000 young people in Burkina Faso, Ethiopia, Malawi, Rwanda, Senegal and Uganda have opened savings accounts with YouthStart’s partner institutions and deposited approximately USD 550,000 into those accounts since September 2012.

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MICROCAPITAL BRIEF: Fondazione Giordano Dell’Amore, European Microfinance Network Announce Fifth Edition of $67k Giordano Dell’Amore Microfinance Good Practices Europe Award

Fondazione Giordano Dell’Amore, an Italian foundation that supports microfinance, and the European Microfinance Network, a Belgian nonprofit with 99 members, have announced the fifth annual edition of the Giordano Dell’Amore Microfinance Good Practices Europe Award, which seeks to elevate the profile of best practices among actors in the European microfinance industry. Continue reading

MICROCAPTIAL BRIEF: Microfinance Network FINCA International Opens Data Processing Center in US

The Foundation for International Community Assistance (FINCA) International, a U.S.-based nonprofit microfinance network with 10,000 employees in the Americas, sub-Saharan Africa and Eurasia, reportedly has opened its “Americas’ Data Center” which will process data for the organization’s headquarters in the US city of Washington, DC, and its Latin American subsidiaries [1]. Continue reading

MICROCAPITAL BRIEF: MicroEnsure to Tap Data from Meteo Rwanda to Provide Weather Index Insurance for Farmers

MicroEnsure, a UK-based microinsurance subsidiary of US-based nonprofit Opportunity International, recently announced that it will be partnering with Meteo Rwanda, the country’s meteorological agency, in order to provide weather index insurance (WII) to small-scale Rwandan farmers. Continue reading

MICROFINANCE EVENT: Information Management Network’s Spring Investment Series “Impact Investing Summit,” March 14-15, 2013, Huntington Beach, California, USA

Event Name: Information Management Network Impact Investing Summit

Event Date: Thursday, March 14, 2013, through Friday, March 15, 2013

Event Location: Hyatt Regency Huntington Beach Resort & Spa, 21500 Pacific Coast Highway, Huntington Beach, California 92648, USA Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $6m in Local Currency to IMON International of Tajikistan

The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, has provided a four-year loan of TJS 29 million (USD 6.08 million) to Tajik microfinance institution (MFI) IMON International. Continue reading