MICROCAPITAL BRIEF: Number of Mobile Money Subscribers in Kenya Down 1%, Total Transaction Value Up 7% During Quarter Ending September 2012

The Communications Commission of Kenya (CCK), a state-owned regulatory authority for the communications industry in the country, has released a report showing that the number of mobile money service subscribers dropped by 200,000 to 19.3 million between July and September 2012. Continue reading

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $1.35m to LandesLease of Albania to Support Small and Medium-sized Enteprises (SMEs)

The European Bank for Reconstruction and Development (EBRD), an international finance institution headquartered in London, has provided a five-year loan of EUR 1 million (USD 1.35 million) Albanian leasing company LandesLease. Continue reading

MICROCAPITAL BRIEF: National Commercial Bank, Development Bank of Jamaica Partner to Allow Microborrowers to Access Loan Funds Via Automated Banking Machines

The National Commercial Bank (NCB), a government-owned bank in Jamaica, reportedly has launched a pilot operation in partnership with the Development Bank of Jamaica (DBJ), which is also owned by the Jamaican government, in preparation to allow for the disbursal of funds to clients of microfinance institutions (MFIs) through automated banking machines (ABMs). Continue reading

MICROFINANCE PAPER WRAP-UP: “Map of Microfinance Distribution in India” by Amulya Krishna Champatiray, Parul Agarwal and Santadarshan Sadhu; published by the Centre for Micro Finance (CMF)

By Amulya Krishna Champatiray, Parul Agarwal and Santadarshan Sadhu; published by the Centre for Micro Finance (CMF); 2012; 41 pages; available at: http://www.centre-for-microfinance.com/wp-content/uploads/2012/02/Updated_Final_Report_Map_of_Microfinance_Report_CMF_June27.pdf

This report summarizes the findings of an initiative that gathered information on the portfolios, products and business correspondents of 103 microfinance institutions (MFIs) across India. Continue reading

MICROCAPITAL BRIEF: Center for Financial Inclusion at Accion, Citi, Visa Announce Launch of Financial Inclusion 2020 Initiative, to Convene Forum in London in October

The Center for Financial Inclusion at Accion (CFI), established in 2008 as a branch of the US-based nonprofit Accion, together with US-based financial service providers Citi and Visa, recently announced the launch of Financial Inclusion 2020 (FI2020), an initiative designed to promote increased financial access for people worldwide. Continue reading

MICROCAPITAL BRIEF: Mobile Money Agents in Uganda Call for Improvements to Network Infrastructure

Chairman Moses Ihoza of the Uganda Mobile Money Agents Association (UMMAA), which represents 12,000 Ugandan Businesses that allow users of mobile money services to upload and withdraw cash, reportedly said the organization is calling for improvements to network infrastructure to aid the growth of the industry. Continue reading

MICROCAPITAL BRIEF: Fijian Economist Baljeet Singh Recommends Government, Microfinance Institutions Expand Services to Micro-, Small and Medium-sized Enterprises to Boost Exports, Counter Urbanization

During a recent forum held in the Fijian city of Lautoka, economist Baljeet Singh reportedly called for the public sector to provide technical assistance, training workshops and “low-interest credit” in an effort to develop small and medium-sized enterprises (SMEs). Continue reading

MICROFINANCE EVENT: Fourth International Conference on Institutional and Technological Environment for Microfinance (ITEM4), April 11-12, 2013, Paris, France

Event Name: The Fourth International Conference on Institutional and Technological Environment for Microfinance, Financial Inclusion: Lessons Between the South and the North

Event Location: Paris, France

Event Date: April 11-12, 2013 Continue reading

MICROCAPITAL BRIEF: National Database and Registration Authority to Fund Accidental Death Microinsurance for all Pakistanis

The National Database and Registration Authority (NADRA), the issuer of government identity cards in Pakistan, reportedly has designated the government-owned State Life Insurance Corporation of Pakistan as the low bidder in a procurement process through which NADRA will fund accidental death insurance for all Pakistani citizens. Continue reading

MICROCAPITAL BRIEF: Rejecting Kenya’s M-Pesa Model, Central Bank of Nigeria Bars Telecommunications Companies from Becoming Licensed Mobile Money Operators

The Central Bank of Nigeria (CBN), the country’s central banking authority, reportedly has decided that telecommunications companies will not be allowed to become licensed mobile money operators for fear that they will limit competition within the industry. Continue reading

MICROCAPITAL BRIEF: Social Performance Task Force (SPTF) Calls for Submissions for its Universal Standards Resource Library: Treat Employees Responsibly

The Social Performance Task Force (SPTF), a working group initiated in 2005 by CGAP (Consultative Group to Assist the Poor), the Argidius Foundation and the Ford Foundation, is seeking submissions for its online Universal Standards Resource Library. Continue reading

MICROCAPITAL BRIEF: Microcredit Regulatory Authority (MRA) of Bangladesh Plans to Lower 27% Microcredit Interest Rate Cap

The Microcredit Regulatory Authority (MRA), a Bangladeshi government body that oversees the operations of NGO microfinance institutions (MFIs), reportedly has announced plans to cut the maximum interest rate MFIs are allowed to charge to an unspecified level. Continue reading