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May 2007
Morgan Stanley Sells CLO to Fund Nicaraguan Potters
May, 31 2007
New York, United States - Morgan Stanley sold a $110 million collateralized loan obligation that will help finance small businesses in developing economies from Nicaraguan potters to Peruvian shopkeepers. ...
Gambia: Entrepreneurship, Micro-Finance Project Launched
May, 31 2007
Gambia - African Development Bank, in collaboration with the government of The Gambia yesterday launched on Enterpreneurship Promotion and Micro -Finance Development Project (EP&MFDP) at a ceremony held at the Kairaba Beach Hotel in Senegambia. ...
Increasing Access to Finance Services
May, 31 2007
New York, United States - UN Group Seeks to Increase Access to Financial Services for Poo ...
World Bank Provides Additional US$15 Million for Urban Microcredit Services in Bangladesh
May, 30 2007
Washington, United States - The World Bank today approved additional financing of US$15 million to the Government of Bangladesh, designed to support poor rickshaw-pullers that have been adversely affected by a ban on Non-Motorized Transport (NMT) on certain roads in Dhaka, the nation’s capital ...
50 countries take part in International Microfinance Conference in Bulgaria's Capital
May, 30 2007
Sofia, Bulgaria - Sofia will host the 10th edition of the international microfinance conference from May 31 to June 2 ...
India: NZ billionaire buys stake in microfinance venture
May, 29 2007
Dubai, United Arab Emirates - New Zealand billionaire Christopher Chandler’s Legatum group bought a $4.5 million (Rs18.45 crore) stake in Mumbai-based Financial Information Network & Operations Ltd, saying the investment will help spur growth in India’s microfinance industry ...
Sri Lanka: Sanvada on new legislation on micro finance
May, 26 2007
Colombo, Sri Lanka - The Pathfinder Foundation, supported by the Sri Lanka Business Development Centre, organised a Sanvadaya (a discussion) on the proposed legislation on micro finance on April 27 at the Sri Lanka Foundation Institute, Colombo ...
EBRD provides first Rural Facility in Romania
May, 24 2007
London, United Kingdom - Through its first rural facility in Romania, the EBRD is lending Casa de Economii si Consemnatiuni SA (CEC), the oldest commercial bank in Romania, €10 million to promote private-sector growth in rural areas, including the development of micro, small and medium-sized enterprises lending across the country ...
China: Microfinance Loans - Citigroups Fast Bank Loans
May, 22 2007
China - At the same time international financial colossus Citigroup is cutting global multi-million dollar deals, it is helping change China - one poor farmer at a time. Its remarkable method: providing grant money to lift people's lives through microfinance loans. ...
India: Western Union ties up with microfinance firm
May, 22 2007
Hyderabad, India - Western Union, a global money transfer services company, on Wednesday, announced that Hyderabad-based Spandana microfinance institution will offer money transfer services through its 280 locations covering semi-urban and rural parts of Andhra Pradesh and Karnataka. ...
Launch of the Supplier Finance Facility in Azerbaijan
May, 21 2007
Azerbaijan - IFC, BP and The Micro Finance Bank of Azerbaijan (MFBA) today announced the launch of the Supplier Finance Facility (SFF) in Azerbaijan. MFBA told APA-Economics that this project is an innovative initiative which will improve access to finance for local suppliers to the oil and gas industry in the country. ...
India: Legatum invests over 100 crore (us$25 million) for majority interest in Share Microfin Ltd.
May, 15 2007
Delhi, India - Legatum, a private firm that invests in capital markets and in initiatives that support human and social development, announces a landmark transaction for the international microfinance industry. It has agreed to invest Rs. 100 crore (US$25 million) to acquire a majority interest in SHARE Microfin Limited ("SHARE"), India's leading microfinance institution ("MFI"). The investment will enable SHARE to reach an additional five million customers over the next five years ...
The empirics of microfinance: what do we know?
May, 14 2007
Oxford, UK - Microfinance has received a lot of attention recently, both from policy makers as well as in academic circles. Two of the main topics that have been hotly debated are explaining joint liability group lending and its implications for reducing information asymmetries, and the trade-off between the financial sustainability and outreach of microfinance programmes. This Feature contains three novel empirical contributions providing new insights with respect to why and how joint liability group lending works. It also contains the first large-scale systematic analysis of the trade-off between financial performance and outreach of microfinance institutions ...
Unitus Announces Partnership with Vardan Trust in India
May, 14 2007
Bangalore - Partnership to Provide Life-Changing Microfinance Services to More than 209,000 Clients by 2010 ...
ICICI plans support structure for microfinance
May, 13 2007
Mumbai, India - With an aim to incubate and support newer models for the microfinance industry, India's second largest bank ICICI Bank is putting in an integrated support structure which would be capable of offering to entrepreneurs "from an idea to an organisation" ...
ADB, Japan pledge 320 m dollars for Pak poverty alleviation
May, 13 2007
Islamabad, Pakistan - The Asian Development Bank (ADB) and Japan have agreed to provide 320 million dollars to Pakistan to help that country to eradicate poverty ...
Citibank India and SKS launch rural microfinance program
May, 11 2007
India - Citibank India and SKS Microfinance, a microfinance organization, have announced a $44 million financing program involving Citibank India purchasing loans that are originated by SKS ...
Private Sector & IFI, IADB discussion on role reversal
May, 10 2007
Washington, DC , United States - A group of eleven microfinance professionals, representing both public development institutions (International Financial Institutions- IFIs) and private microfinance funds, gathered informally on May 10th at the Inter-American Development Bank’s offices to discuss the current issues of some IFIs using taxpayer’s dollars to invest in top-tier microfinance institutions (MFIs) at below-market rates. ...
Chicago Microfinance Conference
May, 10 2007
Chicago, USA - Students from the University of Chicago Graduate School of Business, the Harris School of Public Policy Studies and the Kellogg School of Management present: Microfinance: The Road Ahead Innovation · Integration · Impact Friday, May 25th, 2007 University of Chicago Gleacher Center Chicago, Illinois ...
SKS rules out reduction of interest rates
May, 10 2007
Hyderabad, India - SKS Microfinance Private Limited on Wednesday categorically ruled out reduction of interest rate on the loans it provides to rural poor, as suggested by Andhra Pradesh government. ...
Sri Lanka's micro finance sector gets boost from global giant
May, 08 2007
Sri Lanka - A local bank and an international micro-finance specialist have tied up with the world's largest bank to widen banking access to local micro enterprises, officials said Monday ...
Grameen Foundation Announces a $1 Million Landmark Financing for Nigerian MFI LAPO
May, 07 2007
Washington - First Growth Guarantees Transaction in Sub-Saharan Africa ...
Mibanco aims to boost loans 40%, open 20 branches this year
May, 07 2007
Peru - Peruvian bank Mibanco expects to finish this year with a loan book of 1.43bn soles (US$470mn), 40% up on end-2006, bank CEO Rafael Llosa told BNamericas ...
Yale and Other Researchers Explore Banking Access for the Poor
May, 03 2007
New Haven, Conn., USA - Researchers at Yale, Harvard, New York University and Innovations for Poverty Action will collaborate on a five-year Financial Access Initiative, funded by a $5 million grant from the Bill & Melinda Gates Foundation to improve access to financial information and loans for low-income individuals in developing countries ...
Morgan Stanley, BlueOrchard in microfinance ABS
May, 03 2007
London, United Kingdom - Investment bank Morgan Stanley and BlueOrchard Finance are launching a $108 million bond backed by loans to microfinance institutions that is the first to be rated by a major rating agency ...
Unitus Arranges Joint Microfinance Investment in Indonesia
May, 02 2007
Redmond, Washington - Collaboration between Unitus, The Dignity Fund and MicroCredit Enterprises allows MBK Ventura to access $1.2 million and impact 60,000 micro-entrepreneurs ...
Queen Rania Co-Chairs Launch of Village Banking Campaign, Brings FINCA International to Jordan
May, 02 2007
New York - Her Majesty Queen Rania Al- Abdullah co-chaired the launch of the Village Banking Campaign, Wednesday, where FINCA International (the Foundation for International Community Assistance), announced it would bring its considerable microfinance expertise and resources to Jordan and the broader Middle East. International insurance giant AIG (American International Group, Inc.) pledged its support to expand micro-insurance products through a $1.5 million grant ...
Village Banking Campaign Launched by Microfinance Pioneer FINCA International
May, 02 2007
New York, United States of America - Jordan's Queen Rania Al-Abdullah and Academy Award-nominated actress Natalie Portman co-chair effort to bring Village Banking to millions of the world's poorest; announce expansion into Middle East and grant from AI ...
Nepal: the demand for financial services
May, 02 2007
Nepal - The findings of the 2006 Access to Financial Services Survey—conducted by the World Bank and Total Management Services in cooperation with Solutions Consultant as background for this report—confirm that use of banks is limited, financial NGOs and cooperatives play a large role in providing both deposit accounts and loans, and informal borrowing far exceeds formal borrowing ...
Microfinance spreading to Africa from Asia
May, 02 2007
Nairobi, Kenya - African countries follow the lead of Asia, where tens of millions of people have obtained small loans thanks to an explosion of microfinance operations ...
Sri Lanka: Returns to capital in microenterprises : evidence from a field experiment
May, 01 2007
Washington D.C., United States - Small and informal firms account for a large share of employment in developing countries. The rapid expansion of microfinance services is based on the belief that these firms have productive investment opportunities and can enjoy high returns to capital if given the opportunity. However, measuring the return to capital is complicated by unobserved factors such as entrepreneurial ability and demand shocks, which are likely to be correlated with capital stock. ...
Tajikistan: Roots of change
May, 01 2007
Tajikistan - A microfinance program in Tajikistan gives community members a promising start ...
Microfinance: On the Road to Capital Markets
May, 01 2007
United States of America - More than 2.5 billion people live on less than $2 a day. This level of poverty is not only disconcerting as a human rights issue, but also threatens global and regional peace as well as economic stability. What people of limited needs require to emerge from the continuous cycle of poverty is access to capital ...

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