News

Print
Mar 2008
PGGM makes one of world’s biggest institutional investments in microfinance
March, 28 2008
The Netherlands - Fund manager for Dutch healthcare fund commits €200 m to small-scale lending over 2-3 years ...
"Beyond Charity" - Socially Responsible Investments
March, 28 2008
Zurich, Switzerland - In the current issue of Credit Suisse's "Global Investor," analysts and external experts examine how business practices are increasingly being used for social purposes.The new issue, titled "Beyond Charity," provides an overview of an innovative range of socially responsible investments that combine financial and social returns, and open new opportunities for investors. Microfinance, private-equity financing, and socially responsible funds are enabling investors to add social commitment to their investment strategies. Credit Suisse has in the past already successfully been providing products to socially responsible investors. These include the responsAbility Global Microfinance Fund and Charity Notes, which provide investors with positive returns and support charitable cause ...
Further EBRD support for Bosnian micro enterprises
March, 27 2008
London, United Kingdom - The EBRD is providing a new €6 million loan to Mikrokreditna organizacija EKI, the third largest microfinance institution in Bosnia and Herzegovina (BiH), to help EKI expand its lending activities and further develop the organization ...
OPIC Partners with Calvert Foundation to support funding microfinance Institutions
March, 27 2008
Washington D.C., United States - The Overseas Private Investment Corporation (OPIC) will provide $10 million in financing to a foundation that raises capital – potentially helping to change the way American retail investors channel support to MFIs and other social investments, OPIC President and CEO Robert Mosbacher, Jr. announced today ...
Global commercial banks double loans in microfinance
March, 27 2008
Amsterdam, The Netherlands - By the end of 2007, international banks’ total amount of outstanding wholesale loans to MicroFinance Institutions (MFI’s) has more than doubled from US$ 0.5 billion in 2006 to approximately US$ 1.4 billion. Notably, there was an increase in loans to African microfinance institutions ...
Conference: Mobile Monney Summit 2008
March, 27 2008
Cairo, Egypt - Mobile Money Summit 2008 is two-day conference designed for senior executives from financial services institutions, mobile network operators, development organizations, solutions vendors and regulatory and policy makers. The conference takes place May 14 – 15 in Cairo, Egypt ...
Microfinance Meets Wall Street
March, 26 2008
United States - Notwithstanding the fact that most foreign microfinance funding comes from public entities and socially motivated private investors, over a hundred new debt and equity funds have been created in the past decade, and particularly in the past three years.Three examples highlight the range of capital market tools that MFIs have begun to use: 1) BRAC's securitization of retail microfinance loans; 2) Blue Orchard's securitization of wholesale loans to MFIs via a collateralized loan obligation; and 3) the IPO of Compartamos, Mexico's largest MFI. ...
New microfinance service to provide safe drinking water to Indian rural poor
March, 26 2008
Washington D.C., United States - A unique tie-up between ACCESS Development Services - an Indian microfinance technical services non-profit organization, and Hindustan Unilever Limited, is going to provide safe drinking water to rural poor ...
USAID Program in Iraq Tops $150 Million in Micro-loans
March, 25 2008
Washington D.C., United States - The U.S. Agency for International Development (USAID) announced today that its private-sector development program in Iraq, known as Izdihar ("prosperity" in Arabic), has helped provide more than $150 million in micro-loans since the start of U.S. government microfinance assistance to Iraq in 2003. ...
China: Project to Offer Mobile Rural Development Solutions
March, 24 2008
China - Lower-income farmers in remote villages are expected to be able to use their mobile phones soon to gain access to rural financial services ...
Cameroon: A Veritable Hob for Jobs
March, 24 2008
Yaoundé, Cameroon - Though Africa as a continent lags behind in microfinance development, the past years have witnessed some spotty effort to make the sector grow ...
Give with the stars – but make it count
March, 22 2008
London, United Kingdom - The overwhelming growth in the popularity of philanthropy has to be a good thing, right? Not necessarily. The truth is, the popularity of philanthropy has little correlation with the effectiveness of philanthropy...Ultimately, the global philanthropic marketplace will guide individuals and their dollars to organisations and causes that yield the highest and best results for society ...
Pakistan: Microfinance banks allowed to raise tier-II capital
March, 21 2008
Karachi, Pakistan - The State Bank of Pakistan (SBP) has allowed microfinance banks (MFBs) to raise tier-II capital in order to maintain a capital adequacy ratio of 15 percent. At the same time it has asked them to maintain a minimum paid up capital according to their area of operation at all times. ...
First micro insurance agency established in Pakistan
March, 20 2008
Karachi, Pakistan - First Micro insurance Agency (FMIA) was inaugurated as Pakistan’s first dedicated micro-insurance agency ...
India: Lok Capital Increases Fund Size To $22 Million
March, 19 2008
India - Lok Capital LLC, an India focused microfinance venture capital fund, has raised its fund size by about 80 per cent to $ 22 million from $14.5 million (as of November 2007) ...
Rwanda: MFIs May Use ATM Technology
March, 19 2008
Kigali, Rwanda - Micro finance Institutions (MFIs) in Rwanda are in discussions with the central bank and Simtel to be integrated into the electronic financial transactions ...
Afghanistan favours Islamic microfinance
March, 19 2008
Afghanistan - Providing Shariah-compliant loans has made it possible for FINCA to expand in areas of Afghanistan where other MFIs have been turned away for charging interest ...
African Policymakers shine the spotlight on
March, 18 2008
Yaoundé, Cameroon - Amid a frenzy of policy activity around microfinance, the Central Africa Policy Forum begins today in Yaoundé. Over the course of two and a half days, regional leaders from ten countries in Sub-Saharan Africa will discuss how policy measures can be used to improve access to financial services for low income people in the region ...
Citi Foundation launches $11.2 million microfinance program
March, 18 2008
Hong Kong - The Citi Foundation has announced a three-year US$11.2 million international grant program to advance the integration of microfinance into the mainstream economies of developing countries. ...
FORUS Bank is the first savings license holder in 2008
March, 17 2008
Russia - On the 17th of March 2008 a conference “New opportunities for banking sphere development ” took place in FORUS Bank. It was devoted to the acquisition of savings license. Head of the Central Bank in Nizhny Novgorod Region Stanislav Spitsyn participated in the conference ...
ADB and Japan Help Philippines Provide Insurance to the Poor
March, 17 2008
Manila, Philippines - Japan and the Asian Development Bank (ADB) today provided a $1 million grant to the Philippines to improve access to insurance for millions of impoverished people, most of whom have no financial protectio ...
ADB and Japan Help Philippines Provide Insurance to the Poor
March, 17 2008
Manila, Philippines - Japan and the Asian Development Bank (ADB) today provided a $1 million grant to the Philippines to improve access to insurance for millions of impoverished people, most of whom have no financial protectio ...
The U.S. Subprime Crisis: Five Lessons for Microfinance
March, 15 2008
Washington, United States - Less than two years ago, nagging delinquency problems started to crop up in one tiny corner of the U.S. home finance market – so-called subprime mortgages (that is, higher cost home loans to borrowers unable to qualify for traditional financing). They made the dream of first-time home ownership possible for many. Yet today, an estimated two million subprime loans appear likely to default. And the crisis has set off worldwide concerns about how the resulting credit crunch and a looming U.S. recession will affect growth in countries rich and poor ...
China: More join in rural banking
March, 14 2008
China - Big banks and agricultural companies will expand their business in China's less competitive yet much-needed rural banking sector, said entrepreneurs on the sidelines of CPPCC meetings ...
$10bn Islamic Solidarity Fund for Development approves first programs for sponsorship in Fight for Poverty Reduction
March, 13 2008
Saudi Arabia - The two programs - known as the Vocational Literacy Program for Poverty Alleviation (VOLIP) and the Microfinance Support Program (MFSP) - will seek to provide together some $1bn in financing over the next five years in order to help address some of the most fundamental causes of poverty in member nations of the IDB, namely lack of education and of employment opportunities. ...
QUICK Centre website launching
March, 12 2008
Indonesia - The QUICK Centre is a knowledge sharing platform for microfinance practitioners in natural disaster surroundings. ...
India: Pioneering disaster insurance for some of India's poorest
March, 11 2008
Bonn, Germany - Leading aid agency CARE International and Allianz are offering a new type of community health insurance in an area of southern India badly hit by the 2004 tsunami ...
EBRD and MFO Credo boost Georgia’s micro enterprises
March, 11 2008
United Kingdom - The EBRD is lending $1.5 million to LLC “MFO Credo” to support the development of micro business in Georgia. ...
What Microloans Miss
March, 10 2008
New York, United States - What poor countries need most is not more microbusinesses. They need more small-to-medium-sized enterprises, the kind that are bigger than a fruit stand but smaller than a Fortune 1000 corporation. In high-income countries, these companies create more than sixty per cent of all jobs, but in the developing world they’re relatively rare, thanks to a lack of institutions able to provide them with the capital they need. It’s easy for really big companies in poor countries to tap the markets for funding, and now, because of microfinance, it’s possible for really small enterprises to get money, too. But the companies in between find it hard. It’s a phenomenon that has been dubbed the “missing middle. ...
Report: Investment boom in microfinance fuelled by socially responsible investors.
March, 10 2008
Washington D.C, United States - Microfinance is experiencing an investment boom as more and more private investors are getting involved, according to a new report from CGAP, the Consultative Group to Assist the Poor, a microfinance industry body housed at the World Bank ...
Jamaica: Scotiabank and CIDA committed $115 million (USD 1.6m) to Micro Enterprise Financing Limited
March, 09 2008
Jamaica - Scotiabank Jamaica and the Canadian International Development Agency (CIDA) have committed an additional $115 million (C$1.6 million) to Micro Enterprise Financing Limited (MEFL) to fund the distribution of loans to small companies ...
Bangladesh: Citi gives $65m equivalent for rural development
March, 07 2008
Dhaka, Bangladesh - Citibank N.A., Bangladesh has provided a total of US$65 million in equivalent local currency credit facility to leading Micro Finance Institutions (MFIs) in Bangladesh including BRAC, BURO, Shakti Foundation for Disadvantaged Women and Thengamara Mohila Sabuj Shangha (TMSS) ...
Nigeria: Intercontinental, SA firma form N3bn (USD 25.9m) micro-finance bank
March, 06 2008
Nigeria - Intercontinental Bank plc made a bold and audacious entry into the microfinance sub-sector on thursday with the launch of the most capitalised microfinance in the country ...
Whole Planet Foundation and Nobel Peace Prize Winner Dr. Muhammad Yunus Partner With Natural Foods Vendors
March, 06 2008
Austin, United States - Whole Planet Foundation, a Whole Foods Market nonprofit dedicated to combating poverty in developing countries through microcredit, today announced the creation of a unique coalition of natural foods companies -- Whole Planet Foundation Supplier Alliance for Microcredit. The Alliance has pledged $1.05 million over three years to help support the Foundation's microlending programs in developing world communities ...
Morgan Stanley Builds Upon Leadership Role in Microfinance
March, 06 2008
New York, United States - Morgan Stanley and Women’s World Banking teamed together to host a ground-breaking conference on microfinance and the capital markets on February 20-21. Nearly 300 people attended including socially responsible investors, Morgan Stanley employees and 78 members of 45 microfinance institutions (MFI’s) to discuss how MFI’s can take advantage of the increasing presence of the capital markets in the microfinance sector. ...
Report: Socially Responsible Investing Assets in U.S. Surged 18 Percent From 2005 to 2007, Outpacing Broader Managed Assets
March, 05 2008
Washington, United States - Nearly One Out of Every Nine Dollars Under Professional Management Now Using a SRI Strategy; Behind the Rise: Climate Change, ETFs, Sudan Crisis, Rising Institutional Investor Interest ...
$100 Million for 10,000 Women
March, 05 2008
United States - Thousands of women entrepreneurs in developing countries have started their own businesses in the past few years, many with help from local microfinance banks and nonprofits that issued them small loans and financial support. The concept has taken off, but there has been one key flaw in the model: Most of the women have little, if any, formal education and lack the management skills and financial savvy to take their business to the next level. On Mar. 5, investment bank Goldman Sachs (GS) announced it would change the equation by pumping $100 million into educational projects for these women over the next five year ...
India: Reliance Capital launches microfinance initiative
March, 04 2008
Mumbai, India - Anil Ambani group’s financial services arm Reliance Capital on Monday launched its microfinance initiative here with tie-ups for two States, which, it said, would be followed by a national rollout soon. ...
Honduras: ACCION Investments in Microfinance Supports Launch of Bancovelo
March, 03 2008
Boston, United States - ACCION(R) International, a pioneer and leader in global microfinance, today saluted the successful launch of Banco Popular Covelo (Bancovelo), a newly transformed commercial microfinance institution in Honduras, which opened its doors on February 1, 2008 ...
Azerbaijan: MFBA completes $25 Million Bond Issue
March, 03 2008
Azerbaijan - The second closing on MFBA’s debut bond issue was completed March 3, 2008. Under the second closing additional bonds providing senior debt to Micro Finance Bank of Azerbaijan in the amount of USD 13.6 million and a term of four-and-a-half years were issued to international capital markets investors through a Luxembourg securitization vehicle ...
Microfinance urged to raise standards of management and governance
March, 03 2008
United Kingdom - Microfinance institutions urgently need to improve management and corporate governance to cope with growing competition and a flood of capital that threatens to erode lending standards, a think-tank warns in a report published today ...

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More