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Aug 2006
Gates Foundation Awards $1.5 Million to Grameen Foundation
August, 29 2006
- Unrestricted, three-year grant will support GF's strategic initiative ...
Microinsurance for low-income households in Indonesia
August, 25 2006
Jakarta, Indonesia - Allianz is entering the microinsurance market in Indonesia. During a first pilot project, low-income families will be provided with basic life insurance. For most it is the first time ever to hold an insurance polic ...
The hoax of micro credit
August, 24 2006
Bangladesh - MICRO-credit or micro-finance, whatever we call it, is playing an important role in our country. The sources of micro-credit in our country, can be divided into two main categories. The first one is the commercial bank (private and nationalised) and the second is the NGOs -- Non-government organisations. Without analysis of the details, if we compare the overall performance of these two categories it seems that NGOs are doing better. However, we should analyse more details to find out the actual performance scenario ...
India's Banks Are Big on Microfinance
August, 22 2006
India - Lending money to the poor has largely been the province of small operators, but major financial institutions are now starting to focus on it in a serious wa ...
ACCION Global Bridge Fund Places First Microfinance Loan Guarantees in Europe and Asia
August, 22 2006
Washington - ACCION International, continuing to expand its international reach in microfinance, today announced that it has recently extended loan guarantees through its Global Bridge Fund to two microfinance institutions in Eastern Europe and Central Asia. ...
Central Bank of Nigeria Approves 8 Microfinance Institutions
August, 22 2006
Abuja, Nigeria - The Central Bank of Nigeria (CBN) yesterday gave approval-in-principle to Accion, a United States-based microfinance company and seven others, including indigenous firms, to operate as Micro-Finance Banks (MFBs) in the country ...
Microfinance Pioneer ACCION Reaches Milestone of Assisting Two Million Poor Annually
August, 16 2006
Boston, Massachusetts - Demonstrates that Microfinance Can Help Alleviate Global Poverty in a Scaleable, Sustainable Manner ...
Micro-finance productive even at 40%: Study
August, 16 2006
Mumbai, India - The Washington-based Consultative Group to Assist the Poor (CGAP), a consortium of 33 development agencies that support micro-finance, has found nothing wrong in micro-finance institutions (MFIs) charging up to 40% interest from poor borrower ...
Micro credit body gets RM100mil
August, 12 2006
Temerloh, Malaysia - The Prime Minister has announced an additional allocation of RM100mil to Amanah Ikhtiar Malaysia (AIM) and called on the micro credit body to go beyond its original objective of alleviating poverty ...
Our mission is giving loans to the poor
August, 12 2006
Hyderabad, India - Vikram Akula, CEO of India’s fastest growing microfinance institution, speaks to Ramesh Kandula in Hyderabad about his poverty alleviation pla ...
International Development: Uganda initiates poverty elimination training program
August, 12 2006
- The Ugandan government is to carry out nationwide training of sub-county personnel on the formation of Saving and Credit Cooperative Organizations (SACCOs) aimed at fighting poverty. The $18 million project begins next month ...
Microloans May Work, but There Is Dispute in India Over Who Will Make Them
August, 10 2006
New York, USA - MICROFINANCE is based on a simple idea: banks, finance companies, and charities lend small sums — often no more than a few hundred dollars — to poor third world entrepreneurs. The loan recipients open businesses like tailoring shops or small grocery stores, thereby bolstering local economies. But does microfinance, in fact, help the poor ...
Microfinance in Azerbaijan
August, 10 2006
Azerbaijan - by Chingiz Mammadov, AMFA Chairman,
and Jhale Mammadova, AMFA Secretary ...
Microloans May Work, but There Is Dispute in India Over Who Will Make Them
August, 10 2006
New York - Presentation of the Spandana project in India and the political crisis the private microfinance industry is facing in this country ...
Global Fund Announces $500 Million Contribution From Bill & Melinda Gates Foundation
August, 09 2006
Geneva - The Global Fund to Fight AIDS, TB and Malaria announced today that it has received a contribution of US$500 million over five years from the Bill & Melinda Gates Foundation ...
Funding cheer for Malaysia's SMEs
August, 08 2006
- Prime Minister Datuk Seri Abdullah Ahmad Badawi announces that Bank Simpanan Nasional will be transformed into a specialised microfinance institutio ...
Experts seek transparency in microfinance
August, 08 2006
Bangalore, India - With the demand for microfinance (MF) in the country expected to touch Rs 50,000 crore, experts have recommended financial standards, ethical norms, transparency and accountability mechanisms to help the MF sector become a part of the formal financial sector in reaching out to the needy ...
ICICI Bank eyes rural India
August, 08 2006
- ICICI Bank is betting on rural India in a big way. The bank plans to adopt an agressive strategy to expand its branches in the main agricultural centres and increase its rural asset base beyond the current level of Rs 18,000 crore. ...
Findesa sees loans growing 80% this year
August, 07 2006
- Nicaraguan microfinance institution Financiera Nicaragüense de Desarrollo (Findesa) is seeking to grow its loan book 80% this year to US$95mn compared to 2005 ...
MicroVest I, LP Receives $500,000 Investment from Cisco Systems Foundation
August, 07 2006
- MicroVest I, LP, a leading microfinance investment fund, announced it received a $500,000 investment from the Cisco Systems Foundation in support of the world’s entrepreneurial poor. ...
Prosperity for all is more than micro-credit
August, 06 2006
Uganda - There is a lot of excitement and anxiety not only among the peasants, but even among leaders about micro credit, to the extent that prosperity for all has been equated to just one component of micro credit. ...
Microfinance Symposium, Sponsored by High Water Women, Draws Leaders in Microfinance and Senior Women in Financial Services
August, 06 2006
New York - High Water Women (HWW), a philanthropic and volunteerism organization founded in 2005 by senior female executives in the financial services industry, recently hosted a half-day symposium on microfinance ...
Microfinanza rating has launched it's new site
August, 06 2006
Milano, Italy - Microfinanza Rating has launched its new site on the world web with the aim of providing up to date information on its activities, increasing transparency in the microfinance sector and establishing links between microfinance institutions and investors. Its versatile and user-friendly structure allows interested parties to easily access information and interact with Microfinanza Rating’s staff through a quick registration process which facilitates the linkages process between MFIs and other actors interested in investing in the microfinance sector. The Offices Section will be soon updated with all relevant information from our field offices ...
Financial standards will fuel MF growth: Experts
August, 06 2006
- With the demand for microfinance (MF) in the country expected to touch Rs 50,000 crore, experts have recommended that financial standards, ethical norms, transparency and accountability mechanisms will help the MF sector become a part of the formal financial sector in reaching out to the needy ...
RSG sets up committee on micro-credit scheme
August, 03 2006
Port Harcourt, Nigeria - The Rivers State Government has approved establishment of a micro-credit finance implementation committee to ensure the workability of the micro-finance scheme of the state ...
Luxembourg Microfinance Fund Labeling Agency LuxFLAG Launched
August, 03 2006
- The launch of the Luxembourg Fund Labeling Agency a.s.b.l. (LuxFLAG) will grant a label to both Luxembourg and foreign investment funds that invest in microfinance assets ...
Seattle may shape "Microfinance 2.0"
August, 02 2006
Seattle, USA - It's not hard to understand why the idea of microfinance appeals to technology entrepreneurs like Kintan Brahmbhatt. Making tiny loans to help very poor people start businesses fosters entrepreneurship, he said. By Kristi Hei ...
Targeting the poorest in microfinance: poverty outreach of BDP Ultra Poor Programme
August, 01 2006
- Effective ultra-poor targeting of microfinance efforts in Bangladesh requires specifically tailored programme ...

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