MICROFINANCE PAPER WRAP UP: “Labour Pains: Discovering the Financial Lives of Zambian Mothers,” Published by United Nations Capital Development Fund (UNCDF)

This is a summary of a paper based on research by Afriqinsights and Tyroler & Associates, published by the United Nations Capital Development Fund (UNCDF), December 2018, 16 pages, available at:
https://www.uncdf.org/article/4278/labour-pains-discovering-the-financial-lives-of-zambian-mothers

According to previous research by UNCDF, 60 percent of Zambian women lack access to formal financial services. However, Zambian women, especially within low-income households, are inclined to

MICROCAPITAL BRIEF: United Nations Creates Task Force on Using Fintech to Achieve SDGs

The United Nations Development Program (UNDP) recently launched a task force on the use of financial technology (fintech) to support progress toward the UN sustainable development goals (SDGs), 17 guiding principles for combating poverty, protecting the environment, and encouraging economic and political stability. The group will

MICROFINANCE EVENT: United Nations Development Programme (UNDP), Institut Européen d’Administration des Affaires (INSEAD) Present Impact Investment for Development Summit 2017; March 21-23; Yerevan, Armenia

Event Name: Impact Investment for Development Summit 2017

Event Date: March 21-23, 2017

Event Location: Yerevan, Armenia

Conference Organizers: The conference is jointly organized by the United Nations Development Programme (UNDP) and Institut Européen d’Administration des Affaires (INSEAD). TEDxYerevan, Impact Hub Yerevan, European Fund for Southeast Europe (EFSE), European Venture Philanthropy Association (EVPA), Impact Alpha and @lliance serve as organizing partners.

Summary of Event: This summit will cover “sustainable” development financing methods with the goal of

MICROCAPITAL BRIEF: United Nations Capital Development Fund (UNCDF), Alliance for Financial Inclusion (AFI) Partner to Advance Financial Inclusion in Association of Southeast Asian Nations (ASEAN) Region through Policy, Digital, Gender Modes

The Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, and the United Nations Capital Development Fund (UNCDF), a UN agency that works to increase access to microfinance and other forms of capital in developing countries, recently launched a strategic partnership to reinforce collaboration and knowledge exchange on financial inclusion issues within the 10 member countries of the Association of Southeast Asian Nations (ASEAN).

MICROCAPITAL BRIEF: United Nations Development Program (UNDP); United Nations Capital Development Fund (UNCDF) Support Bank of Sierra Leone in Launching Mobile Financial Services Guidelines

The Bank of Sierra Leone, the central bank of the country, has partnered with United Nations Development Program (UNDP), a member of the UN that invests knowledge and other resources into developing countries, and United Nations Capital Development Fund (UNCDF), a UN agency that works to increase access to microfinance and other forms of capital in developing countries, to launch the first mobile financial services guidelines in Sierra Leone [1].

MICROCAPITAL BRIEF: United Nations Announces Goals of “2030 Agenda for Sustainable Development”

The United Nations recently released the final version of, “Transforming Our World: The 2030 Agenda for Sustainable Development,” highlighting 17 sustainable development goals (SDGs) with 169 associated targets intended to eradicate poverty by the year 2030.

MICROCAPITAL BRIEF: United Nations’ International Fund for Agricultural Development (IFAD) Grants $1.5m to Développement international Desjardins (DID) for Microfinance Operations in Central, West Africa

The International Fund for Agricultural Development (IFAD), an agency of the United Nations, has chosen to prolong the mandate originally given in 2013 to Développement international Desjardins (DID), a nonprofit member of the Canada-based Desjardins Group, with a grant of USD 561,000 for microcredit in Cameroon.

MICROCAPITAL BRIEF: United Nations Global Compact, Gate Global Impact Launch Gateway 2.0 to Fund Socially Responsible Projects

The United Nations (UN) Global Compact, an initiative to encourage businesses to adopt sustainable and socially responsible policies, and Gate Global Impact (GGI), a US-based regulatory-compliant electronic marketplace that focuses on impact investing, have launched Gateway 2.0, a website enabling small and medium-sized enterprises (SMEs) listed on the UN Global Compact Social Enterprise Hub to access financing for sustainable and “socially responsible” projects [1].

MICROCAPITAL BRIEF: United Nations’ International Labour Office, World Bank Group (WBG) to Provide Index Microinsurance in Developing Countries in Africa, Asia

The International Labour Office (ILO), an agency of the United Nations
that deals with labour standards, and the World Bank Group (WBG), a
group of five multilateral organizations that invest in developing
countries, reportedly have entered into a three-year partnership with
the aim of providing index microinsurance products in Africa and Asia
through ILO’s Microinsurance Innovation Facility (MIF), which provides grants to organizations to develop microinsurance products, and WBG’s Global Index Insurance Facility (GIIF), a trust fund that supports disaster and weather index insurance markets.

MICROCAPITAL BRIEF: United Nations Relief and Works Agency (UNRWA) Launches India-based InfrasoftTech’s OMNIEnterprise Microfinance Software in Gaza, Jordan, Syria, West Bank

InfrasoftTech, a financial software firm that was founded in 1995 and is based in Mumbai, India, reportedly has announced that the microfinance department of the United Nations Relief and Works Agency (UNRWA), which provides education, health care, social services has adopted InfrasoftTech’s OMNIEnterprise Microfinance Solution, a banking software system across its operations in: Gaza, Jordan, Syria and the West Bank.

MICROCAPITAL BRIEF: Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries

Gate Global Impact and RocketHub, US-based organizations that “crowdfund” small amounts of money online from large numbers of people, have developed partnerships with the United Nations Global Compact, a policy initiative aligning businesses committed to operating in accordance with UN human rights standards, and the US State Department, which manages the United States’ international relations and policy.

MICROCAPITAL BRIEF: “Harry Potter” Cinema Actress Emma Watson to Serve as Goodwill Ambassador for United Nations (UN) Women

United Nations (UN) Women, the UN organization “dedicated to gender equality and the empowerment of women,” has announced Emma Watson, a British actress, will serve as Goodwill Ambassador for the organization.

MICROCAPITAL BRIEF: United Nations Development Program (UNDP) Transfers Microfinance Portfolio in Myanmar to Pact Global Microfinance Fund

The United Nations Development Program (UNDP), whose goal is to work toward the United Nation’s Millennium Development Goals, reportedly has transferred the portion of its microfinance portfolio that is disbursed in Myanmar to the US-based Pact Global Microfinance Fund (PGMF), which disburses microcredit and offers business training in Myanmar’s rural regions.

MICROCAPITAL BRIEF: United Nations, Smart Communications, Land Bank of Philippines Use Mobile Money in Recovery from Typhoon Haiyan (Yolanda)

The United Nations Development Program (UNDP), in partnership with Smart Communications Incorporated (Smart), a Philippines-based telecommunications company, and the Land Bank of the Philippines (LBP), a government bank specializing in serving farmers and fishermen, reportedly have commenced using mobile money to facilitate wage payments under UNDP’s “cash-for-work ” program that was launched for the 12 month period beginning in November 2013 in areas of the Philippines struck by typhoon Haiyan (Yolanda).

MICROCAPITAL BRIEF: Gates Foundation, International Finance Corporation (IFC), MicroSave, United Nations Development Program (UNDP) Partner to Create Helix Institute of Digital Finance

The Bill and Melinda Gates Foundation, a US-based nonprofit that provides grants to organizations; the International Finance Corporation (IFC), a member of the US-based World Bank; MicroSave, an India-based for-profit consulting center; and the United Nations Development Program (UNDP), the global development network of the United Nations, have partnered to create the Helix Institute of Digital Finance, an online platform that will train mobile network operators, financial institutions and third-party providers in an effort to increase the efficiency and impact of their digital and financial services [1].

MICROFINANCE EVENT: 2013 Sustainable Finance Week, 14th Global Roundtable of United Nations Environment Programme Finance Initiative (UNEP FI), Beijing, China, November 10-15

Event Name: 2013 Sustainable Finance Week (SFW), 14th Global Roundtable: “Financing the Future We Want: China, Emerging Markets and the World Economy”

Event Date: November 10 – November 15, 2013

Event Location: Beijing, China

MICROCAPITAL BRIEF: Government of Cameroon Partners with United Nations Development Program (UNDP), International Fund for Agricultural Development (IFAD), United Nations Capital Development Fund (UNCDF) To Consolidate Microfinance Sector

The government of Cameroon recently partnered with three agencies of the United Nations to consolidate the country’s microfinance sector by increasing governmental regulations and mergers of microfinance institutions (MFIs).

MICROCAPITAL BRIEF: Australia Donates $6m to Laos-Focused “Making Access to Finance More Inclusive for Poor People” Programme of the United Nations

The government of Australia has committed a donation of USD 6.15 million to support the United Nations Development Cooperation Forum (UNDCF) and the United Nations Development Programme (UNDP) in their joint programme titled “Making Access to Finance More Inclusive for Poor People” (MAFIPP), which is implemented by the Bank of Lao People’s Democratic Republic (BLPDR), the central bank of Laos, with the aim of improving poor rural household access to a variety of financial services.