Nigeria: Mergers, Acquisition Imminent in Mfb Sector
March, 09 2010
Washington, United States - The recent focus of the Central bank of Nigeria (CBN) to the Microfinance Banking sector (MFBs) to enhance regulation and supervision may lead to massive mergers and acquisitions to limit possible cases of close down as the apex bank plans to jerk up minimum capital base in the sub-sector any moment from now
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ACCION Launches Microfinance Operations in Inner Mongolia
March, 04 2010
Boston, United States - ACCION® International, a pioneer and leader in global microfinance, announced today that it has inaugurated ACCION Microcredit China (AMC) in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region's working poor. AMC officially opened its doors in early December, and is already making microloans to local entrepreneurs.
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Ghana: 1st Private Equity Micro-Finance Fund Launched
March, 03 2010
Ghana - Social investment firm, JCS Investments say plans are underway to make the initial investment of the first Private equity Micro-Finance Fund in Ghana before the end of the second quarter of this year
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IFC and Fundación Mundo Mujer to Reach Entrepreneurs and Low-Income Households
March, 02 2010
Bogotá, Colombia - IFC, a member of the World Bank Group, is providing Advisory Services to Fundación Mundo Mujer to support its transformation from a microcredit nongovernmental organization to a regulated financial institution specializing in microfinance to increase access to finance for entrepreneurs and low-income households
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Investors Backing Microfinance Despite Impact of Crisis
March, 02 2010
Washington, United States - World markets have been volatile in the wake of the global financial crisis, but investors showed nearly unshakeable faith in the microfinance sector during 2009, driving equity valuations higher even as asset quality and profitability at microfinance institutions (MFIs) deteriorated
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Microfinance's Midlife Crisis
March, 01 2010
United States - From humble beginnings, microfinance—a system of providing tiny loans and savings accounts to the poor—has grown into a global industry attracting the interest of large multinational banks. But the commercialization of the industry has sparked a fierce debate. Profit advocates highlight improved access to foreign capital and expertise; traditionalists say microfinance companies are in danger of becoming little better than predatory moneylenders
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