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Aug 2012
IDB Loan To Boost Small Business Productivity In Argentine Province
August, 29 2012
Argentina - A $60 million loan will help expand access to credit for productive enterprises in San Juan ...
Ghana’s Microfinance Market Becoming Over-Crowded
August, 29 2012
Ghana - Mrs Sarah Tsien Zetterli, Managing Director of Procredit, has called on the Bank of Ghana, its regulator, to tighten the entry requirements for microfinance institutions to avoid the proliferation of irresponsible lending ...
Bangladesh: Islamic Microfinance - An Instrument For Poverty Alleviation
August, 28 2012
Bangladesh - Islamic microfinance (IM) is becoming an increasingly popular mechanism for alleviating poverty, especially in developing countries around the world. ...
India: Crowdsourced Microlending Platform Milaap Launches India-Focused Entrepreneurship Development Fund
August, 28 2012
India - Singapore and Bangalore-based online microlending platform Milaap has joined hands with a Singapore-based media organisation e27 to launch an entrepreneurship development fund ...
How Microfinance Institutions Can Manage Default Risk And Build Financial Inclusion
August, 28 2012
Global - Individual Microfinance Institutions (MFIs) successes are sometimes based almost exclusively on high client growth and low default rates (on average below 4 percent). While sufficient for strategic evaluation and benchmark of success at the senior level, those two measures can be counterproductive for MFIs looking to achieve real social impact through financial inclusion ...
Myanmar Micro-Lenders Could Help Reshape Rural Economy
August, 27 2012
Myanmar - The first of an expected wave of new micro-lenders plans to begin operating in Myanmar in the next quarter as the country lifts restrictions on a sector that could bring in hundreds of millions of dollars to help kick-start the rural economy ...
Nigeria: Microfinance Banks Struggle With Toxic Assets, Seek Risk Management Window
August, 27 2012
Nigeria - Microfinance banks across the country are faced with the challenge of bad debt, otherwise called toxic assets, which requires urgent attention to ensure key objectives of the scheme are not taken for granted. Stakeholders fear that the figure put in excess of N16 billion poses endemic danger to customer service, availability of facilities and micro economic stability. ...
India: Microfinance Institutions Network Regulator to Ask Reserve Bank of India to Fix Margin Cap at 12%
August, 21 2012
India - Microfinance Institutions Network (MFIN), a self regulatory body of Microfinance Institutions (MFIs), has decided to ask the Reserve Bank of India to fix the margin cap for individual loan to borrowers at 12 per cent, instead of 10 to 12 per cent ...
Kenya: Microfinance Institutions to Benefit From Cheap Banking System
August, 21 2012
Kenya - Microfinance institutions will soon find it easier to speed up transactions and stem fraud in transfers following launch of a cheaper core banking software system. Swiss software firm Sofgen has reduced costs of installing the core banking system known as Temenos for small firms in the financial services industry by having it on a shared cloud platform ...
Going Beyond Remittances: Why Small and Medium-Sized Enterprises Should Be a Key Market Segment for Mobile Money Operators
August, 21 2012
Global - Many expect that Small and Medium-Sized Enterprises (SMEs) could benefit substantially from mobile money (MM) as a tool to manage payments and working capital, given that it offers an electronic cash substitute for sending payments and storing working capital along with rudimentary record keeping ...
Mexico: Unlocking Barriers - Advances in Rural Mobile Banking in Mexico
August, 20 2012
Mexico - The banking industry in Mexico estimates there are at least 30 million people that could be integrated to the formal financial system during the following years. However, this is not likely to happen through traditional banking, but through new schemes that leverage existing retail infrastructure and mobile phones to reach the lower segments of the population. ...
Do We Need a New Standard of Microfinance Governance? Or Do Boards Just Need to Do Their Jobs?
August, 15 2012
Global - The conversation about the need for Microfinance Institutions (MFIs) boards to focus more heavily on governance of social objectives misses the real question: whether the boards of MFIs are adequately fulfilling the role of company board ...
Tanzania: Shilling Loses Ground Against Dollar
August, 15 2012
Tanzania - The shilling has continued to lose against the US dollar as importers' demand outweighs inflows of the hard currencies in the local market. National Microfinance Bank (NMB) said in Dar es Salaam the local market was still liquid although the shilling lost the battle against the greenback, sliding by 5/- compared to the end of last week ...
India: Financial Inclusion - Miles to Go
August, 15 2012
India - Despite impressive growth claims by banks ever since Reserve Bank of India pushed for financial inclusion, reality seems different. “Even where bank accounts are claimed to have been opened, verification has shown these accounts are dormant." Financial inclusion still remains an incomplete task ...
Council of Microfinance Equity Funds Issues New Guidelines for Corporate Governance
August, 14 2012
Global - The Council of Microfinance Equity Funds (CMEF), a membership organization of leading microfinance equity investors, today announced the release of a new, enhanced version of its corporate governance manual, "The Practice of Corporate Governance in Microfinance Institutions. ...
Burundi Launches Mobicash Mobile Money Banking to Increase Access to Financial Services
August, 14 2012
Burundi - The Burundi Commercial Bank (BANCOBU) and the east African country’s Telecommunications Company (ONATEL) Tuesday launched here the Mobicash mobile money banking product to increase the rate of access to the country’s financial services currently estimated at about 4 percent ...
Bangladesh: Dhaka Forecloses the Grameen Brand
August, 14 2012
Bangladesh - For the past 18 months in Bangladesh, the specter of a government takeover has haunted Grameen Bank and its founder, Nobel Prize winner Muhammed Yunus. Many thought Mr. Yunus was imagining the threat, but this month the Awami League government of Sheikh Hasina finally showed its hand. Her cabinet decided to push the microfinance lender's elected board of trustees aside and give power to the government-appointed chairman to name a selection committee that will soon find a new managing director. ...
Microfinance Is Down, But Not Out
August, 13 2012
Global - Microcredit should neither be credited with ending poverty on its own nor held responsible for promising more than it can deliver. It is simply one way to enable more people to participate in the capitalist system, not the magic bullet guaranteeing prosperity. In this regard, information is as essential as capital in ensuring that all parties understand and share expectations related to microcredit ...
IFMR Capital in Partnership with Asian Development Bank Structures and Arranges First Large Scale Partial Guarantee Program for MFIs in India
August, 13 2012
India - In a first large scale partial guarantee program for microfinance institutions in India, Asian Development Bank ("ADB") has provided partial credit guarantee to loans to Microfinance Institutions (MFIs) in India. ...
IFC, Africa Capitalization Fund Investment Supports Growth and Access to Finance in Nigeria
August, 08 2012
Nigeria - IFC, a member of the World Bank Group, and the Africa Capitalization Fund, a private equity fund managed by IFC Asset Management Company, a wholly owned subsidiary of IFC, announced today that they will together provide $70 million in convertible loans to Diamond Bank. ...
Africa: Gates, Gallup Data Reveals Massive Potential Mobile Money Market for the Poor
August, 08 2012
Africa - Across Africa millions are sending huge volumes of domestic remittances – mostly in cash. This data demonstrates the scope for mobile payments to expand greatly and meet the need for payment services among poor populations across Africa ...
Azerbaijani AccessBank signs loan agreement with EBRD
August, 08 2012
Azerbaijan - Azerbaijani AccessBank has signed a USD 10 million loan agreement with the European Bank for Reconstruction and Development (EBRD) for five years, AccessBank said on Wednesday ...
Rwanda: More Rwandans Have Access to Financial Services - Study
August, 08 2012
Rwanda - Formation of Savings and Credit Cooperatives at sector level has helped more Rwandans to access formal financial services. Central bank said yesterday that the number of Rwandans that have access to formal financial services increased to 42 per cent of the adult population, from 21.1 per cent in 2008 ...
From Micro To Small: Do MFIs Have The Capacity To Serve Small Enterprises?
August, 08 2012
Global - Many policymakers are focusing a lot of attention on small enterprises, in the hope that they could play an important role in creating much needed jobs. Also, many donors and investors view small enterprises as potential investees and engines of private sector growth. Do MFIs have a role in delivering finance to these small enterprises ...
Promoting Financial Inclusion: Is Mobile Money the Magic Bullet?
August, 06 2012
Global - Achieving full financial inclusion requires going beyond the narrow range of payment services to a broader range of services which will ensure that the account users find these suitable to their needs. Evidence has shown that existing mobile money arrangements have a limited scope in providing wide range of services. ...
IFC, Enda Inter-Arabe Support Microfinance in Tunisia, Creating Jobs and Promoting Growth
August, 06 2012
Tunisia - IFC, a member of the World Bank Group, is making a local currency loan worth $7 million to Tunisian microfinance institution Enda Inter-Arabe to help the organization increase its lending to micro-enterprises, especially those owned by women, spurring economic development. ...
Making a Profit From Making a Difference
August, 05 2012
Global - Impact investing, most commonly defined as investments made with the intention of helping to solve a social or environmental problem as well as generating a financial return, has seen growing interest from investors, particularly since the financial crisis ...
Kenya: Microfinance Sector Gets Boost
August, 03 2012
Kenya - The microfinance sector in Kenya is set to undergo major regulatory overhaul that will help to make the fast growing industry robust and spread its services, especially to low-income earners ...
Emerging Markets Aren’t All The Same: It’s Never Been Easier to Invest With Impact
August, 03 2012
Global - The developing world isn’t the same as it used to be. Technology, transparency, and corporate governance issues have created a new framework, a better framework, for investors ...
Ecuador to Promote Financial Inclusion for Low Income Inhabitants of Remote Areas
August, 02 2012
Ecuador - Low-income Ecuadorians living in remote areas will have access to better financial services in a project supported by a $10 million Inter-American Development Bank (IDB) loan ...
Tanzania: Grim Future Seen On Microfinance Status
August, 02 2012
Tanzania - The country scan on microfinance for Tanzania 2011 that is annually conducted by MicroNed paints a very grim future on the microfinance status in the country. It cites that 650,000 rural Tanzanians are served by semi-formal service providers, 70,000 use Microfinance Institutions while SACCOS serve 320,000 and that mobile payment system are on the rise ...

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