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NexThought Monday: Shape Up and Scale Up: The Value of Mentors for Guiding Impact Entrepreneurs
July, 30 2012
Global - SMEs in emerging economies face significant challenges to their survival, and a large majority fail within the first few years of operation. This high failure rate is largely the result of a weak entrepreneurial support infrastructure leading to a deficiency in business skills, a lack of access to capital, and markets and policy barriers which increase the cost of doing business, forcing many companies out of the market ...
Hope In Hell On Earth: Micro-Finance In Nicaragua
July, 26 2012
Nicaragua - This is not a sermon or a sales pitch, but a story about a place as inspiring as it is disturbing, where greed has raped a people of their material resources and dignity but where brilliantly applied generosity has created hope and enterprise of which Fortune 500 companies would be envious ...
Private Equity in East Africa: a Promising Outlook
July, 25 2012
Africa - According to the African Development Bank, private equity investment in Africa more than tripled in 2011 to USD 3 billion. Earlier this year Deloitte and Africa Assets published the 2011 East Africa Private Equity Confidence Survey, shedding some light on this rapid growth with observations from investors in the region. The report yielded some striking insights about this young sector. ...
India: Microlenders Struggle For Survival Despite Debt Recast
July, 25 2012
India - The crisis that hit the Indian microfinance industry in late 2010 continues to take its toll on the sector. Leading microfinance institutions (MFIs) in Andhra Pradesh that were admitted to the corporate debt restructuring (CDR) process last year are struggling to stay afloat as loan recovery remains poor and banks refuse to lend to the sector ...
Mexican Lender Compartamos 2Q Profit Slips on Higher Expenses
July, 24 2012
Mexico - Mexico's Compartamos SAB (CMPRY, COMPARC.MX) said Tuesday its net profit contracted in the second quarter on higher operational expenses as the microfinance lender continued to invest in growing business both organically and via geographic expansion ...
Africa: Investment Fund For Banks Set Up
July, 24 2012
Tanzania - Tanzania’s microfinance institutions will be beneficiaries of technical and capital support that will see them expanding financial services with the launch of a new private equity fund ...
Kenya: Using Small Loans to Generate Big Profits
July, 22 2012
Nairobi, Kenya - The Kenyan bank has enjoyed a booming business lending to people with little collateral beyond the potential disgrace of letting friends down. Equity executives aren't shy about a business model that leverages societal mores and shame—often the strongest collateral to be found on a continent where formal credit records are scarce beyond the biggest cities ...
Does Client Protection Matter to Clients?
July, 20 2012
Global - What do microfinance clients think about client protection? Do client protection principles really matter to them? In particular, how important are the seven client protection principles (CPPs) that the Smart Campaign has developed and are now adopted or endorsed by many microfinance stakeholders ...
Micro Loans in Namibia Grew by 34% in 2011
July, 17 2012
Namibia - According to a report attributed to the Namibia Financial Institutions Supervisory Authority (NAMFISA), a regulatory body under the Namibian Ministry of Finance, microloans outstanding in Namibia grew by 34 percent during 2011, reaching a total amount of NAD 1.5 billion (USD 183 million) ...
India: Bangalore MFI Janalakshmi raises $14.6M from GAWA, IFIF & others
July, 16 2012
Bangalore - Bangalore-based microfinance institution Janalakshmi Financial Services Pvt Ltd has raised another Rs 80 crore ($14.6 million as per current exchange rate) in its Series C round of funding, taking the total amount raised in Series C to Rs 145 crore. The second tranche comes a year after the microfinance institution raised the first tranche led by Citi Venture Capital International (CVCI) ...
Why Don’t Low-Income Mexicans Use Formal Savings Products?
July, 10 2012
Mexico - In contrast to many jurisdictions where CGAP works, Mexico has a highly urbanized population of well over 70%, enabling its population to have relatively easier physical access to banks and other financial service providers. Yet, current estimates indicate that between 50-65% of the population are unbanked and a large proportion of them are de-banked” – meaning that they once had access to a formal financial service but then decided to stop using it.
Philippines: Rural Banks
July, 09 2012
Philippines - The recent anniversary celebration of the Rural Bankers of the Philippines–Microenterprise Access to Banking Services (RBAP–MABS) showcased how the concept and importance of microfinance has evolved in the last 15 years ...
Nick Kristof on Microfinance, Banking Access and a Way Out of Poverty
July, 05 2012
Global - In New York Times, Nicholas Kristof gives the example of a family in Malawi that improved their lives as the result of a village savings group. We know that access to banks, cooperatives, and microfinance institutions has allowed many adults like the Nasoni family to safely save for the future, invest in an education or insure against risk, but just how widespread is the use of formal financial products worldwide ...
Fallout of a Crisis: The Future of Microfinance in India After Andhra Pradesh
July, 04 2012
India - From humble beginnings as rural giving built on a charity model, microfinance in India has grown into a multi-billion dollar industry over the last several decades. Andhra Pradesh (AP), an agrarian state located in southern India, found itself at the epicenter of Indian microfinance and MFIs in the region were among the first to attract interest from mainstream investors ...
Overindebtedness is a Top Issue in MF Sector: Microfinance Banana Skins Survey 2012
July, 03 2012
Global - The Microfinance Banana Skins Survey 2012 highlights concerns about overindebtedness, which was ranked as a top risk by over half of participating respondents. The report describes the risks facing the global microfinance industry in the early part of 2012, a time when it is struggling to recover from the global financial crisis, and from attacks on its reputation as a service to the world’s poor ...