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Report: MBB Issue No. 17 Released
December, 29 2008
Washington, D.C., United States - MIX has released the latest issue of the semi-annual publication MicroBanking Bulletin. Number 17 features benchmark data from 846 MFIs throughout the developing world, the largest number of participants to date
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IDB fund provides emergency liquidity facility for microfinance institutions
December, 22 2008
Washington D.C., United States - The Multilateral Investment Fund (MIF) will provide up to $20 million in financing to the Emergency Liquidity Facility (ELF) to help Latin American and Caribbean microfinance institutions weather economic crises and natural disasters, the Inter-American Development Bank announced today
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BRAC Launches Micro Fund in Africa
December, 22 2008
Dhaka, Bangladesh - BRAC, a globally active Bangladeshi NGO, has debt capital amounting to $62.6 million for distribution of micro-credit among the poor in three African countries - Tanzania, Uganda and Southern Sudan
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India: Microfinance Institutions Emerge as Next Asset Class
December, 17 2008
Gurgaon, Haryana, india - Recently, three micro finance institutions (MFIs) of varying sizes collectively received private equity (PE) investments of around Rs 550 crore (USD 115.5 ml). So, what is making the micro finance sector more attractive, especially at a time when marque names among corporates are struggling to keep their heads above water?
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Global Cash Crunch Hits South Asia's Poor
December, 15 2008
Kolkata, India - While microfinance is gasping for funds, business for many small and medium sized microfinance institutions is worse and has almost come to a halt due to paucity of funds
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Microfinance – Banking on the Poor
December, 15 2008
Geneva, Switzerland - As the global financial system buckles, microfinance institutions continue to grow on the back of their record for low risk and solid returns
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Results of the 2008 CGAP Funder Survey
December, 12 2008
Washington, D. C., United States - As the microfinance funding landscape has become increasingly diverse and complex, the need for quality information on funder activity has intensified. As part of its mission to improve the availability and quality of information on funding flows to microfinance, CGAP has completed the first survey of major cross-border funding for microfinance.
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Increased Banking Options for Kenyans
December, 09 2008
Nairobi, Kenya - Microfinance institutions will now be able to take deposits from the public as well as offer a wide range of financial services such as savings, lending and money transfer
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Thailand: Microfinance Resilient to Credit Crisis
December, 09 2008
Chiang Mai, Thailand - Despite the global financial crisis, microfinance is still performing well. Here in Thailand, despite a struggling economy, microfinance institutions (MFIs) are not feeling ill effects.
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Montenegro: Erste & Steiermarkische Bank and Opportunity International Initiate Cooperation
December, 03 2008
Podgorica, Montenegro - Erste & Steiermärkische Bank (“ESB”) and Opportunity International, a US-based non-profit microfinance organization, have announced today the first step in potential future cooperation. As a part of this cooperation, ESB will acquire 100% of Opportunity Bank Montenegro (“OBM”), Opportunity International’s microfinance subsidiary in the country
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Moroccan Microcredit Sector Hits Problems
December, 03 2008
- Facing an increase in non-payment, Morocco's microfinance sector is working with the government to inform borrowers and to stabilise lending and repayment practices.
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Microfinance Still Hums, Despite Global Financial Crisis
December, 03 2008
New York, United States - When the rich suffer, so do the poor. Or so goes the trickle-down theory. It turns out, though, that the spreading of global financial pain is far from simple. The microfinance industry, for instance, may be resistant to some of the volatility now plaguing financial markets. That's because those who borrow in small amounts from micro lenders often work on projects unaffected by large-scale global banking travails
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Mozambique: 'Access Finance Challenge Fund' Launched
December, 02 2008
Maputo, Mozambique - The Bank of Mozambique on Tuesday formally launched in Maputo the "Access Finance Challenge Fund" (AFCF), which is an initiative to co-finance efforts to expand financial services in the rural areas
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Norwegian Microfinance Initiative Establishes NMI Global and Frontier Funds
December, 02 2008
Oslo, Norway - The Norwegian Microfinance Initiative (NMI) today announced the formation of its two investment funds: NMI Global Fund and NMI Frontier Fund. NMI is a new and unique strategic partnership between the Norwegian public and private sectors. NMI will seek to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by providing financing directly and indirectly for microfinance institutions (MFIs)
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