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Apr 2013
Uganda: $10.3m Grant Unveiled For Rural Financial Extension
April, 30 2013
Uganda - The German Development Bank (KfW) has unveiled a $10.3 million grant facility to financial institutions seeking to promote innovations that will stir access to financial services in rural Uganda ...
Triodos Launches New Ethical Investment Funds
April, 30 2013
The Netherlands - Green banking specialist Triodos Bank yesterday launched two new Socially Responsible Investment (SRI) Funds, dubbed the Sustainable Pioneer Fund and the Sustainable Equity Fund ...
Tilman Ehrbeck, CEO, CGAP: Does Microfinance Work?
April, 30 2013
Global - Much of the evidence strongly supports microfinance, but there is room for interpretation, says Tilman Ehrbeck ...
Microlending: Getting Too Big to Work?
April, 29 2013
Global - The lesson for lenders is that they need to develop more effective strategies to contend with patriarchy and avoid drifting away from their mission ...
London Promotes Social Impact Fund
April, 28 2013
United Kingdom - The City of London Corporation has made its first forays into social impact investments, in an effort to catalyse development of the nascent asset class ...
India: RBS Exits SKS Microfinance, Makes Quick Gain
April, 26 2013
India - Royal Bank of Scotland has sold its 4.62% stake in SKS Microfinance for about R63.50 Cr through the open market transactions ...
India: RBS Sells 4.62% Stake in SKS Microfinance For Rs.63 cr
April, 25 2013
India - Royal Bank of Scotland (RBS) on Thursday offloaded 4.62% stake in Hyderabad-based SKS Microfinance for about Rs.63.50 crore ...
Zia Morales, The World Bank: "One Size Doesn’t Fit All When It Comes to Financial Inclusion"
April, 25 2013
Global - The financial inclusion challenge may be global, but the solutions will need to be collaborative (between the public and private sector), innovative and customized to local realities ...
Banishing Poverty Through Banking
April, 24 2013
Global - There's growing acknowledgement that access to financial services could have a big impact in reducing poverty, but how should it be done? ...
India: 3-6-3 Banking Costs The Poor Money
April, 23 2013
India - Clearly, there is money that seeks financial products at all levels of income and banks are unable to cater to those outside of the urban areas ...
Philip Brown, Managing Director Risk,Citi Microfinance: How Can MFI Boards Be Explicit About Risk Strategy and Appetite?
April, 23 2013
Global - Board members have a responsibility to become active shapers of their organizations’ risk strategies and appetites, so that they can guide their institutions into waters of appropriate depth ...
Cambodia: Hattha Kaksekar Goes Live With SmartVista
April, 22 2013
Cambodia - BPC Banking Technologies announces that Hattha Kaksekar Limited has gone live in production with the implementation of SmartVista – BPC’s end to end e-payments solution. ...
Philippines: BSP Hikes Limit On Microfinance Deposits
April, 22 2013
Philippines - The Bangko Sentral ng Pilipinas (BSP) has increased the limit on microfinance deposits from P15,000 to P40,000 to give local banks flexibility to serve low-income earners in the country ...
From Boy Scout To Microcredit Pioneer: Lessons On Changemaking From The Life Of Muhammad Yunus
April, 18 2013
Global - Sustained success is achieved through the commitment and culmination of endless hours of getting to know, internalizing and applying the nuanced depths of an established industry or craft - an idea highlighted by the “10,000 Hours Rule” proposed in Malcolm Gladwell’s book Outliers ...
Islamic Microfinance Market Size Touches $1 Billion
April, 17 2013
Global - The Islamic microfinance industry is rapidly progressing due to its superior performance for poverty alleviation, according to the CEO of AlHuda Centre of Islamic Banking and Economics (CIBE) ...
IFC, Others Invest $20m In Ghanaian Microfinance Bank
April, 17 2013
Ghana - The International Finance Corporation, the German Investment and Development Corporation, and the African Capitalisation Fund have together invested about GH¢46 million ($20 million) into one of Ghana’s leading microfinance banks, UT Bank ...
Kenya: Micro Lenders’ Deposits Rise To Sh7bn
April, 16 2013
Kenya - Microfinance institutions that got Central Bank of Kenya’s approval to collect customer deposits have raised nearly Sh7 billion in about two years, the lenders’ financial statements for 2012 show. ...
Tanzania: UTT Throws Its Weight On Microfinance
April, 16 2013
Tanzania - Unit Trust of Tanzania (UTT) has launched a microfinance unit to usher in a new interest rate era for micro-investors ...
India: Caspian Advisors Launches $40 Million Social Investment Fund
April, 16 2013
India - Hyderabad-based Caspian Advisors Pvt. Ltd has launched a $40 million (about Rs.218 crore) fund that will invest in sectors such as microfinance, affordable housing and agriculture ...
Jim Armitage: Amid The Scandals, There Are Still Microfinance Firms Doing Good
April, 13 2013
Uganda - Clearly, the world of microfinance is at something of a crossroads. It is hard to see how the bad lenders can be kept from preying on the vulnerable. But amid all of its troubles and critics, we should not lose sight of the likes of Berna in Uganda. ...
Successful Credit Bureau Implementation an Important Step For The Cambodian Economy
April, 12 2013
Cambodia - Just one year after the Credit Bureau Cambodia (CBC) was formed the positive effects are being felt in the countries banking sector and the general Cambodian economy according to the National Bank of Cambodia, The International Financial Corporation and the CEO of the new bureau. ...
Tilman Ehrbeck, CEO, CGAP: For Impact Investments, First Understand What Target Segments Really Need
April, 10 2013
Global - We need to dramatically accelerate financial innovation so that we can more quickly reach more poor people with better products at lower costs so that they have a broader range of choices for financial services that help them improve their lives ...
India’s Satin Creditcare Raises New Venture Capital Funding, Lok Capital Exits
April, 08 2013
India - Satin Creditcare Network, a New Delhi-based microfinance institution has raised INR410 million ($7.49 million) from three venture capital firms’ three funds. The transaction facilitates the exit of Lok Capital, an early investor in the company. ...
Bridging The Gap With Early Capital for BoP Models: An Impact Evaluation of VisionSpring in El Salvador
April, 05 2013
El Salvador - Providing early capital to social enterprises can lead to businesses that can reach scale, have powerful social impact and provide returns on investment ...
Rockefeller and Tony Elumelu Foundation Launch African Impact Fund
April, 05 2013
South Africa - The fund, called the Impact Economy Innovation Fund (IEIF) was officially launched on Friday at an Impact Investment Forum in Cape Town, South Africa. ...
Rwanda: High Interest Rates Slow Financial Inclusion Drive
April, 05 2013
Rwanda - Numerous bureaucratic hurdles coupled with high interest rates have continued to frustrate the government’s drive to make credit affordable to all. ...
IFC Helps Armenia's Inecobank Support Micro and Small Businesses Spurring Their Growth
April, 04 2013
Armenia - Using a results-focused financing tool, IFC has helped Armenia's Inecobank increase lending to micro and small businesses, sparking economic growth and cutting poverty in rural areas. ...
Islamic Microfinance Gaining Momentum, Still Room for Growth
April, 03 2013
Global - An estimated 1.28 million clients use Sharia-compliant microfinance services, a four-fold increase since 2006, according to a CGAP report released today ...
Luxembourg: LuxFLAG Now Labels Thirty Two Funds
April, 02 2013
Luxembourg - Twenty five Microfinance Investment Vehicles (MIVs) have been granted the LuxFLAG Microfinance Label as of March 2013, representing approximately USD 3.83 billion in assets under management ...
India: IFC to Lend Up to $11M to Pune-Based Suryoday Microfinance
April, 02 2013
India - International Finance Corporation (IFC), the private sector investment arm of the World Bank, is planning to make a quasi-equity and senior debt investment of up to $11 million (Rs 60 crore) through ECB route in Suryoday Microfinance Private Ltd, a Pune-based micro finance institution operating as a non banking finance company ...
Cambodian Microfinance Lender Opens in Myanmar
April, 01 2013
Myanmar - Cambodian microfinance lender Acleda opened a wholly owned subsidiary in Myanmar on March 25, although the company has been operating since February 18, an official said ...

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