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Jul 2012
Regulation and Supervision of MIVs: An Urgent Task for Central Banks and Regulators Globally
July, 31 2012
Global - The microfinance crisis of 2010 underlines the urgent need for balanced but effective regulation/supervision in India with regard to microfinance investment vehicles (MIVs). ...
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. ...
BlueOrchard Finance S.A. is Pleased to Announce the Appointment of Wolfgang Landl as Its Chief Executive Officer
July, 25 2012
Geneva. Switzerland - Wolfgang brings close to 20 years of experience in the financial industry, having held senior and partner positions at asset management and consulting firms such as Landl Investment Consulting, Investcorp, Man Investments and InterSec Research in Europe, the U.S. and the Middle East ...
Realpolitik for Microcredit in Developing Countries
July, 25 2012
United States - The Microenterprise Empowerment and Job Creation Act of 2011 is meant to help entrepreneurs in developing countries running tiny businesses that have limited access to credit ...
IFC Helps Microfinance Organizations in Kyrgyzstan, Tajikistan Reach Out More Clients
July, 25 2012
Kyrgyzstan & Tajikistan - IFC, a member of the World Bank Group, is helping microfinance organizations in Tajikistan and the Kyrgyz Republic reach out to more clients, especially those in rural areas, as part of an effort to support economic growth in both countries ...
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 ...
Accion Launches Avanza, a Microfinance Portfolio Management Service Deploying New Credit Methodology
July, 24 2012
Bogota, Columbia - Accion, a global leader and pioneer in microfinance, today announced the launch of Avanza, a new service that will manage microfinance portfolios on behalf of banks and microfinance institutions (MFIs) ...
Nigeria: AppZone Lifts MFBs With Core IT Banking System
July, 24 2012
Nigeria - Customers of microfinance banks (MFBs) in Nigeria can now operate their accounts without having to be physically present at bank branches. ...
Frontier Market Scouts: “Impact Investing and the Importance of Monitoring and Evaluation”
July, 23 2012
Global - Social enterprise and impact investing offer a unique answer to the problem of sustainability. No business survives unless the customer actually purchases something, thereby voting that the product is valuable and desired. ...
IFC Supports Bank of Georgia in Expanding Lending to Smaller Businesses, Female Entrepreneurs
July, 23 2012
Tbilisi, Georgia - IFC, a member of the World Bank Group, is partnering with Bank of Georgia to expand lending to smaller business, especially those owned by women, supporting financial inclusion and improving the competitiveness of Georgia’s economy ...
Bangladesh: 'Security Fund' for MFI Depositors Mulled
July, 22 2012
Dhaka, Bangladesh - The Micro-credit Regulatory Authority (MRA) has decided to provide 'cushion' to depositors of micro-finance institutions in the backdrop of failing of a MFI, Jubok. ...
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 ...
Cambodia's Hattha Kaksekar selects BPC's SmartVista to drive its micro-finance business
July, 19 2012
Cambodia - BPC Banking Technologies, the leading provider of Open System e-payment solutions for the global financial industry, today announces another first - with the signing of its beachhead customer in Cambodia. Hattha Kaksekar Limited is the fourth largest microfinance institution (MFI) in Cambodia ...
East Africa: DTB Opens Sh1.8 Billion Rights Issue for Micro-Finance Expansion
July, 18 2012
Kenya - Diamond Trust Bank yesterday opened its rights issue targeting funds to expand its East Africa presence.The group with subsidiaries in Tanzania, Uganda and Burundi is targeting to raise Sh1.81 billion in the next three weeks ...
Micro-Financing Scheme To Help Entrepreneurs Worldwide
July, 17 2012
Global - Kiva and Metro Design Consultants are teaming up to launch a lending fund in August, with the aim of benefiting entrepreneurs worldwide. ...
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) ...
Notre Dame, MIT Economists Demonstrate Wage Impacts of Large Microfinance Program
July, 17 2012
Thailand - A major argument in favor of microfinance is that the poor who live in areas without banking services will gain higher returns on investments and increase their assets when provided with credit ...
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) ...
A Gateway to West Africa, Ghana is About to Take Off
July, 15 2012
Ghana - That Ghana and Nigeria now have space programmes is a measure of how much and how quickly Africa is changing. Ghana is a country that exemplifies the change ...
Bangladesh: MRA Set to Create Database to Bridge Gap of Information in MFIs
July, 14 2012
Bangladesh - The microcredit regulator is set to create a database consisting of all the information related to country's microfinance institutions (MFIs). ...
IFC’s Loan to Vietnam’s Orient Commercial Bank Increases U.S. Dollar Financing for Small Exporters and Importers
July, 13 2012
Vietnam - IFC, a member of the World Bank Group, has agreed to provide Vietnam’s Orient Commercial Joint Stock Bank with a $10 million loan to increase U.S. dollar financing for small businesses in the export and import sector, helping sustain their operations amid the global credit tightening. ...
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 ...
Can Myanmar Leapfrog Towards Financial Inclusion?
July, 06 2012
Myanmar - After years of isolation, the country is finally opening itself up as can be seen by the number of international investors stepping at the door ...
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 ...
€8 million Loan to Bosnia's Partner Microcredit Foundation for On-Lending to MSEs
July, 02 2012
Bosnia and Herzegovina - The EBRD is continuing to increase the availability of financing to the real economy in Bosnia and Herzegovina with an €8 million loan to Partner Microcredit Foundation for on-lending to micro and small enterprises (MSEs) ...
Savers, Planners, and Entrepreneurs: Learning from Mexico about How Low Income People Manage Their Money
July, 02 2012
Mexico - My colleague Xavier Faz has worked in the Mexico banking sector with low income clients for nearly twenty years. In the last six months he’s probably learned more about the gap between what low income Mexicans want and need, and what the banks are offering them than ever before ...
The Importance of Financial Access for the Poor
July, 02 2012
Global - At their summit in Los Cabos, G20 leaders reaffirmed their commitment to financial inclusion as an important global development priority. ...
Deutsche Bank Secures Additional Investments in EFSE Microfinance Fund
July, 02 2012
Southeast Europe & South Caucasus - Deutsche Bank has successfully acquired new, private investors for a participation totalling EUR 51 million in the senior tranche of the European Fund for Southeast Europe (EFSE) microfinance fund ...

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