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The NAB & micro-enterprise loans
December, 22 2006
Australia - Establishing a Microenterprise Development and Loans Program in Australia is a National Australia Bank–sponsored study. ProBono Australia reports that this study, conducted by The Boston Consulting Group on a pro bono basis, estimates between 6,000 and 12,000 potential new micro-businesses require funding each year ...
Gates Foundation Provides USD 6 Million Research Grant to University of Maryland
December, 20 2006
United States of America - The Bill & Melinda Gates Foundation recently provided the IRIS Center, an economic growth and development research center based at the University of Maryland with a USD 6 million 5-year research grant. It will be used to research the impact of microfinance services which have been financed by other grants from the Foundation. The study, which will be conducted jointly with the Washington D.C.-based non-profit Microfinance Opportunities, will analyze six microfinance programs located in eight countries. IRIS and Microfinance Opportunities will examine the programs' effect on poverty alleviation and their ability to become self-sustainable in order to determine, "which financial products and services and delivery systems are most promising.” It will be managed by the executive director of the IRIS Center, Dennis Wood, and the president of Microfinance Opportunities, Monique Cohen ...
Mexican insurers go for 'microinsurance'
December, 14 2006
Mexico - Just as Mexico's microfinance lenders have carved out a lucrative niche making tiny loans to some of the country's smallest entrepreneurs, a handful of insurers are proving that it can be profitable to sell life insurance to the country's working poor and lower-middle class ...
Top Bolivian Microbank Bought by Venezuelan Government?
December, 14 2006
Bolivia - The Bolivian microfinance world is in turmoil because Prodem, #3 in the country’s microfinance market, has apparently been sold to the Venezuelan government. Prodem has not revealed who the buyer is, they have so far only confirmed that they will be acquired by a foreign investor. But the word is that this investor is an entity owned by the Venezuelan government ...
Microcapital Monitor's December issue
December, 13 2006
- The MicroCapital Monitor is MicroCapital's regular market report on microfinance capital markets in particular and microfinance in general. The report is timely, comprehensive and easy to read. Editions include news briefs from around the world, summaries of just-published industry research, a calendar with contact information for upcoming events and detailed profiles and interviews of the individuals behind the players in microfinance ...
Can microfinance heal wounds of war?
December, 12 2006
Washinghton, D.C. - Microfinance is about more than money. Financial services - including credit, savings and insurance - can empower the 'unbanked', helping them generate and sustain income. But these services can also spur solidarity and help war-torn communities rebuild and even reconcile ...
Ben Moyer Named as Pro Mujer's First CEO; Positions Pro Mujer for Next Phase of Growth
December, 12 2006
New York - Pro Mujer, a leading microfinance network in Latin America, and a pioneer at combining financial and social services for the poorest women entrepreneurs, named Ben Moyer, Senior Consultant with Wainwright Investment Counsel, an independent investment consulting firm, its first Chief Executive Officer, announced Pro Mujer’s Chairman, Rita Foley ...
New Line on Credit
December, 11 2006
Washinghton - Popularized in the Developing World, Microloans Help Finance Budding Businesse ...
Nobel Winner Warns of Dangers of Globalization
December, 10 2006
Oslo, Norway - The Bangladeshi banker Muhammad Yunus, who invented the practice of making small, unsecured loans to the poor, warned today that the globalized economy was becoming a dangerous “free-for-all highway. ...
MIT International Development Initiative Launches the Muhammad Yunus Innovation Challenge to Alleviate Poverty
December, 07 2006
Massachusetts - The MIT International Development Initiative is excited to announce the launch of the inaugural Muhammad Yunus Innovation Challenge to Alleviate Poverty. The Challenge, named in honor of 2006 Nobel Peace Prize winner Dr. Muhammad Yunus, was initiated and also supported by MIT alumnus Mr. Mohammed Abdul Latif Jameel, benefactor of the Abdul Latif Jameel Poverty Action Lab at MIT (J-PAL). Every year the Yunus Challenge will focus on a different problem faced by some of the poorest communities in the world in an effort to bring these problems to the forefront of the academic community ...
Donors Back Index of Aid for Microfinance
December, 05 2006
Washington - Though you can't tell from the name, the Consultative Group to Assist the Poor is a World Bank-housed brain trust for 33 public and private donors that support microfinance. CGAP has just released the final, "endorsed" version of a Compact for Better Aid for Access to Finance. The two-pager comes out of a meeting of the donors that fund CGAP, which I attended in Paris in October as an observer. It "commits" donors to four broad steps to improve their support for projects that bring credit, savings, and other financial services to the poor ...