MICROCAPITAL BRIEF: Nigeria’s Grooming Centre to Issue Microloans on MasterCard Pre-Paid Cards

The Grooming Centre, a nonprofit provider of loans and deposit services to women in Nigeria for micro-, small and medium-sized enterprises (MSMEs), has partnered with MasterCard, a US-based payments company, to replace the NGO’s cash- and check-based loan disbursals with prepaid MasterCard-branded payment cards. Continue reading

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MICROFINANCE EVENT: 9th Annual Penn Microfinance Conference, “Adapt and React,” March 28, 2015, Philadelphia, Pennsylvania, USA

Event Name: 9th Annual Penn Microfinance Conference

Event Date: March 28, 2015

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

Summary of Event: This conference will focus on how the microfinance industry has adapted its product offerings and lending methods in the wake of increased government regulation and concern about over-indebtedness. The event will feature a keynote address by Dennis Ripley, the chief business development officer for Opportunity International, a US-based nonprofit providing microfinance services in 22 countries.

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MICROFINANCE EVENT: International Fund for Agricultural Development (IFAD), World Bank to Host Global Forum on Remittances, June 16-19, 2015, Milan, Italy

Event Name: Global Forum on Remittances 2015

Event Date: June 16-19, 2015

Event Location: Centro Congressi Stella Polare Conference Centre, Milan, Italy

Summary of Event: This event is intended to promote awareness of remittances sent by migrants to their home countries. Session topics will include trends in remittances sent from Europe, best practices in regulation, opportunities for financial inclusion, competition and transaction costs, new technologies, opportunities for public-private partnerships and strategies for developing public-private partnerships to further financial inclusion.

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MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Nordic 2015;” June 15-16, 2015; Copenhagen, Denmark

Event Name: TBLI Conference Nordic 2015

Event Date: June 15-16, 2015

Event Location: Ovnhallen Porcelænshaven 20, Copenhagen Business School; Copenhagen, Denmark

Summary of Event: This conference will include panels on topics such as low-carbon investment strategies, how asset owners can address climate change, investing in sustainable agriculture and food production, and social impact strategies for banks.

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MICROCAPITAL BRIEF: World Bank Group Loans $100m for MSMEs via Central Bank of Tunisia, Partner Banks

The World Bank Group’s International Bank for Reconstruction and Development (IBRD) recently loaned USD 100 million to the government of Tunisia to benefit micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROFINANCE EVENT: Social Capital Markets (SOCAP) to Host “SOCAP15,” October 6-9, 2015, San Francisco, California, USA

Event Name: Social Capital Markets “SOCAP15″

Event Date: October 6-9, 2015

Event Location: Fort Mason Center; San Francisco, California, USA

Cost: Regular admission to the event costs USD 1,395 plus a USD 9.95 processing fee. Registrations completed prior to March 26, 2015, are eligible for a discount of USD 600.

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MICROFINANCE EVENT: Triple Bottom Line Investing Presents “TBLI Conference Asia 2015;” April 29-30, 2015; Singapore

Event Name: TBLI Conference Asia 2015

Event Date: April 29-30, 2015

Event Location: INSEAD Asia Campus, Singapore

Cost: The standard cost to attend is SGD 795 (USD 716), with discounts offered to investors, NGO representatives and students, as well as to all attendees who register by April 3, 2015.

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MICROCAPITAL BRIEF: IFC Invests $16.5m in Tajikistan’s Imon International to Support Micro-, Small, Medium-sized Enterprises

The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently mobilized a loan equivalent to USD 16.5 million to benefit Imon International, a microfinance institution (MFI) based in Tajikistan. Continue reading

MICROCAPITAL BRIEF: Deutsche Bank Announces Closing of $50m Social Enterprise Fund “Essential Capital Consortium” (ECC)

Germany-based Deutsche Bank’s Global Social Finance Group, which specializes in socially responsible investing, recently announced the closing of a five-year, USD 50 million Essential Capital Consortium (ECC) social enterprise fund. Continue reading

MICROCAPITAL BRIEF: World Bank’s International Development Association (IDA) to Loan $60m for Affordable Housing in Tanzania

The Board of Executive Directors of the World Bank Group has approved USD 60 million in new financing to be disbursed by the International Development Association (IDA), a lending arm of the World Bank, to support its ongoing Housing Finance Project (HFP) in Tanzania, which seeks to support affordable housing in the urbanizing country by providing “medium- and long-term liquidity to lenders.” Continue reading

MICROCAPITAL BRIEF: EFSE Loans $20m to AccessBank to Finance Micro-, Small Enterprises (MSEs) in Rural Azerbaijan

The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently issued a USD 20 million senior loan to AccessBank, an organization founded in 2002 to provide credit and other financial services to smaller businesses and low-income families in Azerbaijan. Continue reading

MICROFINANCE EVENT: Caribbean MicroFinance Alliance (CMFA) to Host “Sixth Caribbean Microfinance Forum (CMF VI): Solutions for Inclusive Growth;” July 6-9, 2015; Miami, Florida, USA

Event Name: The Sixth Caribbean Microfinance Forum: Solutions for Inclusive Growth

Event Date: July 6-9, 2015

Event Location: Doubletree by Hilton Hotel, Miami Airport & Convention Centre; Miami, Florida, United States of America

Cost: The fee to attend the forum is USD 600. A reduced rate of USD 475 is available for attendees who register by April 1, 2015, and a discounted rate of USD 200 is available for one-day registration.

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loaning $2.5m to La Fayette Microfinance Bank, Nigerian Member of Advans Network

The International Finance Corporation (IFC), a member of the World Bank Group, is investing NGN 400 million (USD 2.5 million) in La Fayette Microfinance Bank, one of eight members of the Advans Network of microfinance institutions, which is based in Luxembourg and managed by Horus Development Finance of France. Continue reading

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MICROCAPITAL BRIEF: Microfinance Software Provider Mambu Links with NCC Group to Offer 90 Days of Business Continuity in Case of Catastrophic Failure of its Software-as-a-Service

Mambu, a Germany-based provider of off-site management information systems to microfinance institutions (MFIs), recently engaged the NCC Group, a US-based provider of security services relating to technology and intellectual property, to provide redundancy to Mambu customers in case of a failure of its software-as-a-service “cloud” systems. Continue reading

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MICROFINANCE EVENT: Mobile Money and Digital Payments Americas; March 24-25, 2015; Mexico City, Mexico

Event Name: Mobile Money & Digital Payments Americas

This event will be held at the same time and venue as the Prepaid Americas and Transport Ticketing Americas events.

Event Date: March 24-25, 2015

Event Location: Marquis Reforma Hotel; Mexico City, Mexico

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MICROCAPITAL BRIEF: $53k Giordano Dell’Amore Microfinance Best Practices International Award Applications Due April 19, 2015

Fondazione Giordano Dell’Amore, an Italian foundation that supports microfinance, has announced that it is accepting applications for its 2015 Giordano Dell’Amore Microfinance Best Practices International Award, which aims to increase the understanding of microfinance and promote the sharing of good practices among industry players. Continue reading