MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Mobile Banking, Financing Incremental Housing Improvements, Middle East and North Africa (MENA) 2012 Microfinance Snapshot

“Microfinance and Mobile Banking: Blurring the Lines?”; by Michel Hanouch and Sarah Rotman; published by CGAP (Consultative Group to Assist the Poor); 2013; 20 pages; available at http://www.cgap.org/sites/default/files/Focus-Note-Microfinance-and-Mobile-Banking-August-2013.pdf

This report presents the results from a study conducted by US-based NGO CGAP (Consultative Group to Assist the Poor) that explored the impact of mobile banking services on the microfinance market. Continue reading

MICROCAPITAL BRIEF: Bangladeshi Grameen Bank to Be Placed Under Jurisdiction of Bangladesh Bank

The Bangladeshi government reportedly has decided to place the Grameen Bank, a Bangladeshi microfinance institution (MFI), under the direct control of the Bangladesh Bank, the country’s central bank, allegedly in order to “better monitor” the microcredit organization [1]. Continue reading

MICROCAPITAL BRIEF: Micro Housing Finance Corporation (MHFC) Raises $5.6m in Equity from Michael and Susan Dell Foundation, India Financial Inclusion Fund, Unilazer Ventures

The Micro Housing Finance Corporation (MHFC), an India-based finance company that provides housing loans of up to INR 500,000 (USD 8,040), recently announced that it has raised INR 35 million (USD 5.62 million) in equity. Continue reading

MICROCAPITAL BRIEF: Indonesia’s Otoritas Jasa Keuangan to Regulate Microfinance Institutions Beginning in 2015

Otoritas Jasa Keuangan (OJK), an agency of the Indonesia government that regulates the financial services sector, has announced that it will take over the role of regulating microfinance institutions (MFIs) from Bank Indonesia, the central bank of Indonesia, in 2015. Continue reading

MICROCAPITAL BRIEF: Arab Centre for Agricultural Development, European Investment Bank, Grameen Credit Agricole Microfinance Foundation, Solidarite Internationale Pour Le Development et L’investment, Triple Jump Sign $5.3m Agreement to Support Microfinance in Palestine

The Arab Centre for Agricultural Development (ACAD), an NGO microfinance institution (MFI) in Palestine; the European Investment Bank (EIB), a Luxembourg-based long-term lender for the European Union; Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based NGO that provides financing and technical assistance to MFIs; Solidarité Internationale pour le Développement et l’Investissement (SIDI), a France-based NGO that provides financial and technical support to MFIs; and Triple Jump, a Netherlands-based microfinance fund manager, have signed an agreement to support microfinance in Palestine through funding and training [1]. Continue reading

MICROCAPITAL BRIEF: Absolute Portfolio Management (APM) Issues $12.5m in Credits from Dual Return Funds to Microfinance Institutions in Asia, Latin America

Absolute Portfolio Management (APM), an Austria-based asset management company that offers investment and advisory services to microfinance institutions (MFIs), recently issued approximately USD 12.5 million in credit to unspecified MFIs in Armenia, Azerbaijan, Bolivia, Cambodia, Costa Rica, Ecuador, Nicaragua and Tajikistan. Continue reading

MICROCAPITAL BRIEF: Moody’s Analytics Partners with Africa Microfinance Network (AFMIN) to Deliver Social Performance Assessments (SPAs) in Sub-Saharan Africa

The Africa Microfinance Network (AFMIN), a Benin-based association of 1,100 African microfinance institutions (MFIs) serving 20 million clients, recently partnered with Moody’s Analytics, a US-based financial risk management company that provides risk management, credit analysis, research and training tools for financial institutions, to deliver Social Performance Assessments (SPAs) in Sub-Saharan Africa. Continue reading

MICROCAPITAL BRIEF: UK-Based Standard Chartered Bank Loans $1.8m to Asa Philippines Foundation

Standard Chartered Bank (SCB), a UK-based financial services company, reportedly has extended a loan of PHP 80 million (USD 1.8 million) to Asa Philippines Foundation (Asa), a Manila-based provider of loans, savings, insurance, business development training and academic scholarships for clients and their children in the Philippines. Continue reading

MICROCAPITAL BRIEF: OPIC to Support Citi in Loaning up to $200m to Support Small Businesses in Africa, Asia, Eastern Europe, Latin America

Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1]. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Issues Local-currency Loan of $1.5m to First MicroCredit Company of Kyrgyz Republic

The UK-based European Bank for Reconstruction and Development (EBRD), a multilateral institution that finances development projects, recently provided a local-currency loan equivalent to USD 1.5 million to First MicroCredit Company (FMCC), a Kyrgyz microfinance institution, to support on-lending to its micro-, small and medium-sized enterprise (MSME) customers, especially those in the agricultural sector. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers Lending $23.5m to Russia’s Transcapitalbank for Residential Energy Efficiency

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, is considering financing a senior loan of RUB 750 million (USD 23.5 million) to Transcapitalbank (TCB), a Russia-based banking institution, for on-lending for residential energy-efficiency projects. Continue reading

MICROCAPITAL BRIEF: Shell Foundation, GroFin to Provide $100m in Risk Capital, Business Support to Small, Medium-Sized Enterprises in Middle East, Africa

The Shell Foundation, a social investment initiative of Netherlands-based petroleum firm Royal Dutch Shell Private Limited Company, reportedly has partnered with GroFin, a South African small and medium-sized enterprise (SME) financier, to launch a program to provide USD 100 million in risk capital and unspecified business support to SMEs in the Middle East and Africa. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Launches Online Environmental, Social Training Program for Clients

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution that finances development projects, recently launched an online environmental and social training program that aims to help its clients manage the environmental and social risks that arise from their lending operations. Continue reading

MICROCAPITAL BRIEF: Former JP Morgan Asset Management Chairman Unveils $40m Impact Investment Fund, Charioteer-Fund I, to Support Skill Development, Microenterprises in India

Krishnamurthy Vijayan, the former executive chairman of JP Morgan Asset Management India, a Mumbai-based subsidiary of international investment and commercial bank JP Morgan Chase, reportedly has created Charioteer Fund-I, an INR 2.5 billion (USD 40 million) impact investment fund that will seek to place with investments in 25 ventures. Continue reading

MICROCAPITAL BRIEF: 9th Annual Clinton Global Initiative (CGI) Participants Commit to Advancing 15,000 Women-owned Businesses by 2018

The 2013 Clinton Global Initiative (CGI), an annual meeting that brings together global leaders in an effort to address international problems, was held September 23-26 and focused on ways that CGI members can mobilize people to action to solve world problems [1]. Continue reading