MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Allocates 60% of $1.3b Micro-, Small, Medium-Sized Enterprises Development Fund to Promote Women’s Empowerment, Gender Equality

In a publication outlining guidelines for the operation of its Micro-, Small, and Medium-Sized Enterprises Development Fund (MSMEDF), the Central Bank of Nigeria (CBN), the country’s central banking authority, included a mandate to allocate 60 percent of the fund, or NGN 132 billion (USD 802 million), for on-lending to women-owned enterprises in an effort to promote the empowerment of women and to reduce gender inequality. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Allocates 60% of $1.3b Micro-, Small, Medium-Sized Enterprises Development Fund to Promote Women’s Empowerment, Gender Equality Posted in Africa, Regulation

MICROCAPITAL BRIEF: Government of Jamaica Introduces SIPP Registry of Collateral, “Super Form” for Business Registration to Support Micro-, Small, Medium-Sized Enterprises (MSMEs)

The government of Jamaica has initiated the implementation of the Security Interests in Personal Property (SIPP) Registry to facilitate financial access for micro-, small and medium-sized enterprises (MSMEs) by supporting the use of non-real estate assets, including movable items, as collateral [1][2]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Government of Jamaica Introduces SIPP Registry of Collateral, “Super Form” for Business Registration to Support Micro-, Small, Medium-Sized Enterprises (MSMEs) Posted in Latin America, Regulation, Trends/Challenges

MICROFINANCE EVENT: Financial Times (FT), International Finance Corporation (IFC) to Host “Transformational Business Conference and Awards”, London, June 12, 2014

Event Name: Financial Times/International Finance Corporation (FT/IFC) Transformational Business Conference and Awards 2014

Event Date: June 12, 2014

Event Location: The Intercontinental Park Lane, London, United Kingdom Continue reading

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MICROCAPITAL BRIEF: US-based Startups First Access, Cignifi Analyze Mobile Phone Usage to Measure Creditworthiness of Unbanked

A number of startup companies are employing analytical techniques based on “big data” to interpret the mobile phone usage of poor people to assess the creditworthiness of those applying for loans in developing economies. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: US-based Startups First Access, Cignifi Analyze Mobile Phone Usage to Measure Creditworthiness of Unbanked Posted in Risks, Technology

MICROCAPITAL BRIEF: Grama Vidiyal Microfinance of India Borrows from World Business Capital

Grama Vidiyal Microfinance, a microfinance institution (MFI) operating in the Indian state of Tamil Nadu, has raised an undisclosed amount of financing through both senior and subordinate loans from World Business Capital, a US-based lender to small and medium-sized enterprises (SMEs). Continue reading

MICROFINANCE EVENT: Global Sustainable Finance Network (GSFN) to Host Global Sustainable Finance Conference 2014, June 12 – 13, 2014, Karlsruhe, Germany

Event Name: Global Sustainable Finance Conference 2014

Event Date: June 12 – 13, 2014

Event Location: Karlsruhe, Germany Continue reading

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MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia

The Facility for Sustainable Entrepreneurship and Food Security (FDOV), a facility of the Dutch Ministry of Foreign Affairs, has granted an undisclosed amount of funds to Swiss commodity trading company Ecom Agroindustrial to fund a pilot-lending program for small-scale farmers in Colombia to be carried out in mid-2014. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Netherlands’ Facility for Sustainable Entrepreneurship and Food Security (FDOV), Ecom Agroindustrial, Utz Certified, AZMJ Support Small-scale Coffee Farmers in Colombia Posted in Latin America

MICROCAPITAL BRIEF: Tigo Introduces Cross-border Mobile Money Transfer Service With Currency Conversion Serving Rwanda, Tanzania

Millicom International Cellular, a Luxembourg-based telecommunications company also known as Tigo, recently introduced a cross-border mobile money transfer service between Rwanda and Tanzania that includes currency conversion. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: Tigo Introduces Cross-border Mobile Money Transfer Service With Currency Conversion Serving Rwanda, Tanzania Posted in Africa, Technology

MICROFINANCE EVENT: Small Business Banking Network (SBBN), Small and Medium Enterprise (SME) Finance Forum to Host 4th Annual CEO & Senior Leaders Roundtable, May 29 – 30, 2014, Istanbul, Turkey

Event Name: 4th Annual CEO & Senior Leaders Roundtable

Event Date: May 29 – 30, 2014

Event Location: Istanbul, Turkey Continue reading

Written by Comments Off on MICROFINANCE EVENT: Small Business Banking Network (SBBN), Small and Medium Enterprise (SME) Finance Forum to Host 4th Annual CEO & Senior Leaders Roundtable, May 29 – 30, 2014, Istanbul, Turkey Posted in Events

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $21m Loan to Compagnie Internationale de Leasing (CIL) for Micro-, Small and Medium-sized Enterprises (MSMEs) in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is considering offering a senior, unsecured loan of approximately EUR 15 million (USD 21 million) to Tunisian leasing company Compagnie Internationale de Leasing (CIL) to expand its servicing of micro-, small and medium-sized enterprises (MSMEs) in Tunisia. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Considers $21m Loan to Compagnie Internationale de Leasing (CIL) for Micro-, Small and Medium-sized Enterprises (MSMEs) in Tunisia Posted in Middle East

MICROCAPITAL BRIEF: Absolute Portfolio Management Loans $4m to Microfinance Institutions in Armenia, Honduras, Tajikistan

Absolute Portfolio Management (APM), an Austrian firm that invests in microfinance and other sectors, recently disbursed loans totaling USD 4 million to microfinance institutions (MFIs) in Armenia, Honduras and Tajikistan [1]. Continue reading

MICROFINANCE EVENT: 8th Annual Penn Microfinance Conference, “Microfinance: Beyond Its Roots,” March 29, 2014, Philadelphia, USA

Event Name: 8th Annual Penn Microfinance Conference

Event Date: March 29, 2014

Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA Continue reading

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MICROCAPITAL BRIEF: MNepal, eServGlobal to Provide Mobile Financial Services in Nepal

Two mobile financial services companies, Nepal-based MNepal and France-based eServGlobal, have partnered to offer a new unnamed mobile money platform that will allow customers of member banks in Nepal to deposit, withdraw and transfer funds via their mobile phones. Continue reading

MICROCAPITAL BRIEF: European Bank For Reconstruction and Development (EBRD) Brings “Small Business Support” Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms

The European Bank for Reconstruction and Development (EBRD), a multilateral financial institution headquartered in the UK, has brought its Small Business Support (SBS) facility for small and medium-sized enterprises (SMEs) to Jordan. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank For Reconstruction and Development (EBRD) Brings “Small Business Support” Facility to Jordan, Delivering Technical Assistance to Small, Medium-Sized Firms Posted in Investment Funds, Middle East

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), BG Kazakhstan to Extend Technical Assistance to Programme for Women, Young Entrepreneurs in Kazakhstan

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, has announced that it will add a second year to its effort with BG Kazakhstan, a subsidiary of UK-based oil and gas company BG Group, to support women and young entrepreneurs in the Burlinskiy district of western Kazakhstan [1]. Continue reading

Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), BG Kazakhstan to Extend Technical Assistance to Programme for Women, Young Entrepreneurs in Kazakhstan Posted in Eastern Europe and Central Asia, Key Players

MICROCAPITAL BRIEF: Commercial Bank of Zimbabwe (CBZ) Holdings to Develop Low-Cost Housing in Zimbabwe

Commercial Bank of Zimbabwe (CBZ) Holdings, a Zimbabwe-based financial services conglomerate, recently announced that it will begin building low-cost houses in June 2014 on some of the land it owns, which is valued at a total of USD 66.7 million, with the aim of alleviating the shortage of housing facilities in Zimbabwe. Continue reading

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MICROFINANCE EVENT: Opal Financial Group to Host “European Family Office & Private Wealth Management Forum,” June 4 – 6, 2014, Geneva, Switzerland

Event Name: European Family Office & Private Wealth Management Forum

Event Date: June 4 – 6, 2014

Event Location: Intercontinental Geneve Hotel, Geneva, Switzerland Continue reading

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