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Nov 2013
EBRD Makes First-ever Equity Investment in Microfinance Institution, in Tajikistan’s Imon
November, 28 2013
Tajikistan - The EBRD and the Netherlands Development Finance Company (FMO) have jointly invested US$ 6.5 million to acquire 12.5 per cent each of shares in IMON International, Tajikistan's leading microcredit organisation, to help IMON's transformation into a bank ...
In Tanzania, Farmers Reap the Benefits of Radio
November, 27 2013
Tanzania - How do you share ideas – including potentially transformative ones – with people who do not have Internet access, are largely illiterate, and live far from paved roads ...
India: Time to Allow NBFCs to Take Financial Inclusion Story Ahead
November, 27 2013
India - If after four decades of bank nationalisation, more than half the country's population does not have a bank account, it is a reflection of the reality that banks cannot serve majority ...
The World Bank Approves $50m New Grant to Afghanistan
November, 27 2013
Afghanistan - The World Bank (WB) has approved a $50 million grant through International Development Association (IDA) to support the Afghan government's efforts to improve access to credit for micro, small and medium enterprises ...
Bolivia: Banks Start to Feel the Hand of the State
November, 26 2013
Bolivia - The growth of the economy, high liquidity, and the expansion of the microfinance segment are the factors driving the profits of financial institutions in Bolivia. ...
Oikocredit to Further Increase Agricultural Investments
November, 26 2013
The Netherlands - Social investor and worldwide cooperative, Oikocredit, will increase investments in the agricultural sector in the next three years as part of its agriculture strategy ...
India: RBI to Give Self-Regulatory Status to Microfinance Industry Associations
November, 26 2013
India - The Reserve Bank of India (RBI) will accord the status of self-regulatory organizations (SRO) to industry associations of microfinance institutions (MFIs) operating as non-banking financial companies (NBFCs), in a move aimed at ensuring such companies follow prescribed practices without crimping them with too much regulation. ...
Pakistan: FINCA Acquires Kashf Microfinance Bank
November, 26 2013
Lahore, Pakistan - The Foundation for International Community Assistance (FINCA) – a global microfinance organisation – has acquired majority holding in a Pakistani microfinance bank Kashf Microfinance Bank Ltd ...
IFC Helps Expand Lending to Small and Medium Enterprises in Kyrgyz Republic
November, 25 2013
Bishkek, Kyrgyz Republic - IFC, a member of the World Bank Group, is providing a $12 million financing package to Kyrgyz Investment and Credit Bank (KICB), helping the lender expand access to finance for smaller businesses and encouraging economic growth in the Kyrgyz Republic ...
Leveraging Financial Inclusion to Promote Economic Development in Egypt
November, 25 2013
Egypt - Promoting financial inclusion can help expand private sector activity, and address economic challenges in Egypt. ...
Thailand: New Scheme May Not Defeat Loan Sharks
November, 25 2013
Thailand - In an effort to combat the illegal loan-sharking that has long plagued the country, a government-supervised microfinance scheme will be put into operation next year nationwide. However, with its high annual interest rate of 36 per cent, there are doubts it will find wide acceptance despite the collateral-free condition ...
The Netherlands: Initial Deposit Made in FMO SME Finance Fund
November, 21 2013
The Netherlands - An initial deposit was made in the Dutch development bank, FMO’s newest fund for small and medium sized enterprises (SMEs). The fund, titled the SNS FMO SME Finance Fund, was jointly initiated by SNS Impact Investing and FMO ...
Alexandra Rizzi, Deputy Director, the Smart Campaign: Does Client Protection Matter to Microfinance Investors?
November, 21 2013
Global - While investors may be reviewing client protection, few appear to be using their leverage to require improvements up front. Instead, if client protection gaps are identified during due diligence, most investors ask for a commitment to fix the problem over the life of the subsequent investment. ...
India: Impact Investors Now Tap Urban Poor Market
November, 21 2013
India - Although there is a slackness in overall investment volume and in number of deals in the first 10 months of current year in the impact investment segment compared to last year, urban poor-oriented social ventures have continued to receive investor traction, both at seed and early-stage ...
IFC Partners with Danamon to Support SMEs in Indonesia
November, 20 2013
Indonesia - The International Finance Corporation (IFC), a member of the World Bank Group, signed a loan agreement today for up to US$75 million with Bank Danamon ...
600 Million Potential Internet Users in Africa by 2025
November, 20 2013
Africa - A recent McKinsey & Co. economic report on Africa looks at the potential of the internet to contribute $300 billion to African GDP by the year 2025. ...
Finding Macro Solutions for Microfinance
November, 20 2013
Global - One difference now is the emphasis on solutions — the technological kind — leveraging the very same cloud computing, big-data and mobility trends that are transforming financial services in the developed world. And it is less about credit than a full array of services and access to them ...
Discrimination Abounds
November, 19 2013
Global - Gender-based financial exclusion is deeply ingrained across the world. According to a recent paper by the World Bank more than 1.3 billion women are "largely outside the formal financial system" ...
India PM Singh Opens Bank for Women
November, 19 2013
India - India's Prime Minister Manmohan Singh has inaugurated the country's first ever state-owned bank for women in the western city for Mumbai ...
Why the World Needs Women Entrepreneurs
November, 18 2013
Global - Narrowing the gender gap in employment will increase global income per person by as much as 20% by 2030. But the benefits go beyond the bottom line. ...
Philippines: Natural Disasters Highlight Insurance Void
November, 18 2013
Philippines - In a country like the Philippines, where whole cities have been destroyed by typhoon Haiyan, a lack of money to rebuild will become the next challenge after emergency relief. Insurance schemes aimed at low-earners could be part of future solutions ...
Muhammad Yunus: My Journey to Help the Poor and Build a More Equitable World
November, 15 2013
Bangladesh - Social business has to be sustainable and is able to return the amount invested. ...
Citi, OPIC and Bank of Georgia Support the Growth of the Microfinance Sector in Georgia with USD $10 Million Term Funding
November, 14 2013
Georgia - Citi, OPIC, and the Bank of Georgia announced the closing of a USD $10 million term loan to fund the growth of Bank of Georgia’s Microfinance portfolio to promote the financial inclusion of micro-entrepreneurs and small businesses in the Republic of Georgia ...
Cambodia: Japanese Company Purchases Stake in Acleda
November, 13 2013
Cambodia - Orix Corp., one of Japan’s largest financial services conglomerates, has purchased a 6 percent stake in Acleda Bank PLC, Cambodia’s largest bank, an official confirmed Tuesday ...
India: Sequoia Capital to Exit SKS Microfinance as WestBridge Set to Hike Stake to Over 10%
November, 13 2013
India - Sequoia Capital, which invested in SKS closer to its IPO, is estimated to be selling its balance stake with a modest 13 per cent absolute return on its five-year old investment ...
Jake Kendall, Program Officer, Bill & Melinda Gates Foundation: What's Holding Back Kenya's Mobile Money Ecosystem - and How to Improve It
November, 12 2013
Kenya - Mobile money, especially M-Pesa, has been widely successful in Kenya. But we clearly need to go beyond remittances and look into a much broader range of payment use cases - including SME, asset finance and others - to fully realize the benefits of mobile financial platforms ...
World Bank Report Lays Out Road Map for Financial Inclusion
November, 12 2013
Global - As mobile banking and other technological innovations fuel the expansion of financial services in many developing countries, a new World Bank Group report urges policy makers to focus on products that benefit the poor, women and other vulnerable groups the most ...
IDB Approves $20mn to Support Housing Finance Program in Peru
November, 11 2013
Lima, Peru - The Inter-American Development Bank (IDB) has approved a loan of US$20 million to support Edyficar program aimed at expanding access to housing and finance to low-income individuals in Peru ...
Microfinance and Poverty Alleviation in South Africa
November, 11 2013
South Africa - In recent months, there has been increased focus on the In Duplum rule and how it can protect consumers, poor and wealthy alike, from the effects of crippling interest charges. ...
The Worrying Trend of Interest Rate Caps in Africa
November, 11 2013
Africa - If ceilings are set too low, financial service providers find it difficult to recover costs and are likely to grow more slowly, reduce service delivery in rural areas and other more costly markets, become less transparent about the total cost of loan, and even exit the market entirely ...
Microinsurance in Asia and Oceania Grows by 40%
November, 08 2013
Asia - According to new research released by the Munich Re Foundation and GIZ, the microinsurance sector in Asia and Oceania has reached 172 million lives and properties covered, representing a 40% annual growth rate between 2010 and 2012 ...
C. Clark, J. Emerson and B. Thornley: Opening the Curtain on the New 2.0 Era of Impact Investing
November, 07 2013
Global - Impact investing has not been growing as quickly as many practitioners might have hoped. Knowledge of what does and does not work in impact investing remains closely held. ...
India: What Drives Private Banks’ Interest in Rural Areas?
November, 05 2013
India - The coincidence of the drive for “financial inclusion” and rural India’s brisk growth offer interesting insights into the finance-growth nexus. ...
Bangladesh Brings Microlender Grameen Bank Under Central Bank Supervision
November, 05 2013
Bangladesh - Bangladesh's parliament approved a law on Tuesday bringing the Nobel prize-winning Grameen Bank under central bank authority, a move founder Mohammad Yunus has said is a ploy to destroy the microfinance lender ...
Financial Inclusion in South Africa: FinScope 2013 Survey Results
November, 05 2013
Johannesburg, South Africa - FinMark Trust released the results of its annual FinScope South Africa 2013 survey results today. This year’s study reveals a significant increase in financial inclusion compared to last year from 28.9 million people in 2012, to 30.7 million in 2013. ...
IFC, Switzerland Support Microfinance Institutions, Assist with Responsible Finance in Central Asia
November, 04 2013
Central Asia - IFC, with the backing of Switzerland's State Secretariat for Economic Affairs (SECO), will help MFIs develop their services in Azerbaijan, Kazakhstan, the Kyrgyz Republic, and Tajikistan as part of the Azerbaijan and Central Asia Micro and Responsible Finance Project. ...
Jamaica: Moneylenders to be Licensed Under Micro Credit Bill
November, 03 2013
Jamaica - The Ministry of Finance last week revealed details of the proposed Micro Credit Act to regulate microfinanciers and protect their customers ...
Morgan Stanley Establishes Institute for Sustainable Investing
November, 01 2013
Global - Morgan Stanley Chairman and CEO James Gorman today announced the establishment of the Morgan Stanley Institute for Sustainable Investing. The Institute will build on Morgan Stanley's ongoing work to advance market-based solutions to economic, social and environmental challenges, operating from the foundational principle that sustainable investment can only achieve significant scale by attracting a broad range of private sector capital. ...
Somaliland: Bringing Financial Inclusion to the Horn of Africa
November, 01 2013
Somaliland - "Since Somaliland lacks formal financial institutions, bringing financial inclusion and contributing to the economic well-being of our society was the primary aim," says Abdirahman Adan Shire, services manager for Zaad at Telesom's headquarter in Hargeisa ...
Cordes: Impact Investing the Single Greatest Opportunity for Advisors
November, 01 2013
Global - Whether it’s called “sustainable,” “responsible” or “impact,” investing to address social and environmental issues has attracted billions of dollars in recent years while presenting both opportunities and challenges for advisors and their clients, according to a panel of experts at the 24th annual SRI Conference. ...
Triple Jump Receives $22 Million in Investments
November, 01 2013
Global - Netherlands-based microfinance fund manager Triple Jump received $22 million in investments for its Triple Jump Innovation Fund. ...

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