Industry News

Grant Signed for Project to Help Develop Microfinance in Philippines
May, 25 2006
Manila, Philippines - ADB and the Government of the Philippines today signed an agreement for a US$900,000 grant project to help develop a sustainable microfinance industry in the country ...

Using the Same Tape Measure: MicroRate To Launch Tool for Rating Microfinance Funds
May, 24 2006
- The rating tool, a project supported by Gray Ghost Microfinance Fund, Omidyar Network, and Gates Foundation, is yet another step toward establishing microfinance as a distinct asset class ...

Gates Foundation Awards Unitus $1.46 Million to Drive Innovations in Microfinance Efficiency
May, 22 2006
Redmond - Grant will help Unitus accelerate access to financial services for the world’s poo ...

Tufts takes steps to invest Omidyar microfinance fund
May, 21 2006
Massachusetts - The Board of Trustees of the Omidyar-Tufts Microfinance Fund has taken the initial steps to outline an investment plan for the $100 million gift from Pierre and Pam Omiydar (LA '88 and '89, respectively) with diversification as the primary goal ...

GFUSA Growth Guarantee Secures $1.5 Million for Pro Mujer Bolivia
May, 18 2006
- Transaction marks significant breakthrough for the Bolivian microfinance industr ...

Sevak Solutions
May, 01 2006
- In August 2002, eight public and private organizations1 convened by HP came together with the express purpose of “catalyzing a breakthrough in the effectiveness, relevance and scale of microfinance.” The team envisioned an end-to-end system that would create a link for microfinance clients to their microfinance lending institution and also to the formal financial sector. The solution would provide easier and more affordable point of access for the customers and improve microfinance operations ...