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Aug 2007
MFI Capital Structure Decision Making: A Call for Greater Awareness
August, 31 2007
Washington D.C., United States - CGAP and Grameen Foundation recently conducted a survey of MFI managers to better understand MFI capital structure decision-making processes in the face of expanding financing options ...
IFC and Blue Financial Services Help Small Businesses and Local Communities in Botswana, South Africa, and Zambia Fight HIV/AIDS
August, 31 2007
Johannesburg, South Africa - IFC, a member of the World Bank Group, today announced plans to work with Blue Financial Services, a pan-African consumer finance provider, to implement a pilot HIV/AIDS awareness and prevention program in Botswana, South Africa, and Zambia. The program will target local communities and small companies, helping them protect businesses and preserve jobs by managing the epidemic’s business risks. ...
$11.4 million Debut Bond Issue for Micro Finance Bank of Azerbaijan
August, 31 2007
Baku, Azerbaijan - Bonds providing senior debt to Micro Finance Bank of Azerbaijan in the amount of USD 11.4 million and a term of five years were issued on 29 August to international capital markets investors through a Luxembourg securitization vehicle. The funding will be used by MFBA for on-lending to Azeri small business ...
Citibank Commits $17.9 Million To South Asian Flood Relief
August, 29 2007
Dhaka, Bangladesh - The Bangladesh Rural Advancement Committee (BRAC), the world's largest non-governmental organization (NGO), has entered into a backstopped facility with Citibank, N.A. Bangladesh and its partner banks to avail financing for rural development specially supporting its post-flood rehabilitation programs. ...
PNG gets new micro-finance bank.
August, 27 2007
Papua New Guinea - The government of Papua New Guinea has announced a new micro-finance bank for the country, supported by the Asian Development Bank ...
Shell gives N288 million (US$2.28 million) microcredit to 48 communities
August, 24 2007
Nigeria - Respite came to some oil producing communities, as Shell Petroleum Development Company (SPDC) West doled out N288 million (US$2.28Mln) to 48 of them as micro-credit facility to grow their businesses. The benefiting communities are from Edo, Delta and Bayelsa States ...
Conference: Next Generation Access to Finance,Gaining Scale and Reducing Costs with Technology and Credit Scoring
August, 24 2007
Washington D.C., United States - Organized by the International Finance Corporation and Consultative Group to Assist the Poor, in cooperation with Visa Internationa ...
US firm sets up NBFC to finance urban poor
August, 23 2007
Chennai, India - The US-based Development Innovations Group has set up a company in India, Capstone Financial Services Pvt Ltd, with a view to providing/facilitating loans to the urban poor. ...
Microfinance Equity Fund Supports Internet Service Provider for Rural Markets
August, 22 2007
Boston, United States - ACCION(R) International, a pioneer and leader in global microfinance, today announced that its Gateway Microfinance Infrastructure Fund (GMI) has completed an investment in United Villages, Inc. of Cambridge, Massachusetts ...
First Microcredit Bank in Gulf Region to Rise
August, 19 2007
Manama, Bahrain - Bahrain's Grameen Bank, the first-of-its-kind in the Gulf region, with a sole mandate to extend microcredit facilities at very competitive rates, will be up and running later this year, a senior official representing the major stakeholder institution has said ...
Pro Mujer Launches New Website
August, 17 2007
New York, United States - Pro Mujer, a women’s development and microfinance network operating in Latin America, today announced the launch of its new website at ...
Measuring Social Performance: First-Ever Common Standards Adopted
August, 15 2007
Washington D.C. United States - Microfinance has seen a steep rise in foreign capital investment over the past two years. Yet, as dreams of commercialization seem to be coming true, many are calling for methods to balance the profit-maximizing imperative commercial investors bring to the table and keep microfinance focused on a "double bottom line. ...
United States: Financial services target growing Hispanic population
August, 13 2007
Washington, United States - Low-skilled immigrants rarely have insurance, whether life, accident or unemployment, and sometimes when they have an emergency, friends and family members pass donation buckets in small churches or call Spanish-language radio stations conducting phone-a-thons to raise money to pay the bills ...
Nearly half of Indians financially excluded
August, 12 2007
New Delhi, India - Theme India may be rocking Wall Street and the City of London even as we enter the 60th year of Independence. But back home, the Indian government is waking up to the fact that over 40% of Indians don’t even have bank accounts. ...
Indonesia to set up microfinance firms in villages
August, 10 2007
Jakarta, Indonesia - Indonesia plans to spend 1 trillion rupiah ($107.1 million) in 2008 to set up financial institutions in villages across the country to reduce poverty and unemployment, the agriculture minister said on Friday. ...
Successful Closing of Rural Impulse Fund, supporting rural microfinance
August, 10 2007
Antwerp, Belgium - Incofin, a specialised microfinance investment manager with Head Office in Antwerp, Belgium, is proud to announce that “Rural impulse Fund” (RIF), a new microfinance investment fund, that will target rural microfinance institutions (MFIs) has been successfully closed in Luxembourg on August, 10, 2007 ...
HSBC First Foreign Bank To Launch China Rural Bank
August, 09 2007
Beijing, China - HSBC Holdings PLC (HBC) became the first foreign lender to launch a rural bank in China Thursday, pursuing a new rural banking strategy that is being promoted by regulators ...
Microfinance, new investment trend
August, 08 2007
Singapore - Citigroup launches two funds to leverage on Asia's interest in socially responsible investing and philanthropy ...
Inter-American Forum on Microenterprise
August, 08 2007
San Salvador, El Salvador - The Inter-American Development Bank is celebrating the 10 th anniversary of the Microenterprise Forum. ...
Urwego Opportunity Microfinance Bank first-ever bank merger in Rwanda
August, 07 2007
Kigali, Rwanda - The world’s leading Christian organizations supplying microfinance and microenterprise development to the poorest of the working poor today announced a historic partnership by merging operations in Rwanda to open a microfinance bank for the poor in a country that is making steady progress and often great strides in rebuilding and reunification. ...
India: PE funds take a liking for micro-finance institutions
August, 07 2007
India - Private equity funds with a special focus on micro finance institutions have lined up billions of dollars for the sector in India. ...
Pacific: Microfinance under the Spotlight
August, 03 2007
Papua New Guinea - Moves to strengthen the focus on microfinance in the Pacific region will be put under the spotlight during a regional-level gathering of stakeholders in Papua New Guinea later this month ...
Microfinance for Ugandan Children
August, 02 2007
Paris, France - The Commercial Microfinance Bank of Uganda has just announced it is offering savings accounts for children ...
EBRD boosts funding for Romanian micro businesses
August, 02 2007
United Kingdom - The European Bank for Reconstruction and Development is continuing to support the growth of Romanian micro enterprises and start-up businesses via a new loan for Banca Transilvania (BT), the largest and fastest growing locally-owned Romanian bank. ...

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