Countries & RegionsMicrofinance in Armenia:
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May 11, 2012 - 5:03am
from MicroCapital
The European Fund for Southeast Europe (EFSE) has reported to MicroCapital that it has made of the following amounts in support of microfinance during April 2012: USD 10 million to Ineco Bank of Armenia, USD 7 million to Megabank of Ukraine and approximately USD 6.66 million to Partner MikroKreditna Fondacija Tuzla of Bosnia and Herzegovina.
For the year 2011, Ineco Bank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 230 million, a ...
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April 19, 2012 - 2:33pm
from Kiva.org
Kiva is full of stories to share: stories of borrowers and lenders, of volunteers, fellows and field partners. And we know that you have stories to share with us!Here at Kiva, we are constantly looking for new ways to share our stories with you and to allow you to do the same. We love using
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April 9, 2012 - 1:51pm
from CGAP Microfinance Blog
A micro-borrower in the Philippines struggles to figure out which one of several loans is the least expensive—one comes with a flat charge, another a weekly interest rate, and still another a monthly rate with an upfront deduction. In Senegal, a recent survey of low-income consumers revealed that more than 99% of respondents were unaware of their right to standardized price information on the loan and deposit services they used. In Mexico, poorer consumers looking for a cheaper way to ...
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March 2, 2012 - 5:03am
from MicroCapital
Azerbaijani microfinance institution AccessBank has announced that it will be offering insurance policies for vehicle owners. The service was established in connection with a new law in the Azerbaijan Republic regarding mandatory insurance of vehicle owners’ third-party liability. The policies will be offered through three undisclosed insurance companies in the country. Depending on the vehicles’ engine size, the cost of insurance may range from AZN 50 (USD 64) to AZN 250 (USD 318) for ...
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February 29, 2012 - 2:34pm
from MicroCapital
Rural Impulse Fund II, a Belgian microfinance investment vehicle managed by Incofin Investment Management; MicroVest II, a US-based equity fund managed by MicroVest Capital Management and ASN-Novib fund, a Dutch microfinance investment vehicle managed by Triple Jump, have taken stakes totaling 45 – percent ownership in Arnur Credit, a microfinance institution (MFI) based in Kazakhstan. The breakdown of the shareholding among the three investors has not been disclosed. The remaining shares ...
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February 9, 2012 - 7:22pm
from MicroCapital
By the Economist Intelligence Unit, funded by The Multilateral Investment Fund, Corporación Andina de Fomento and the International Finance Corporation, October 2011, 72 pages, available at: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=36453519.
This paper examines the microfinance business environments in 55 countries, ...
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January 31, 2012 - 8:28am
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has made a loan of USD 30 million to Agricultural Cooperative Bank of Armenia (ACBA)-Credit Agricole Bank to increase lending to micro-, small and medium-sized enterprises (MSMEs) and agribusinesses in Armenia. In 2011, IFC made a loan of USD 20 million to the organization, supporting approximately 3,000 clients.
ACBA-Credit Agricole Bank CEO Stepan Gishyan was quoted as having said, ...
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January 16, 2012 - 2:37pm
from RemittancesGateway
Source: News.am
Individuals sent US$ 141 million non-commercial remittances to Armenia in November 2011, Central Bank’s November report informs.
In the year past, this transfer of funds reached its peak in August, with $170 million. The money transfers subsequently reduced, but they still exceed the 2010 level.
These remittances usually increase in December, and therefore we can surely say that the total amount of ...
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January 16, 2012 - 2:37pm
from RemittancesGateway
Source: News.am
Individuals sent US$ 141 million non-commercial remittances to Armenia in November 2011, Central Bank’s November report informs.
In the year past, this transfer of funds reached its peak in August, with $170 million. The money transfers subsequently reduced, but they still exceed the 2010 level.
These remittances usually increase in December, and therefore we can surely say that the total amount of ...
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January 10, 2012 - 5:03am
from MicroCapital
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, has reported to MicroCapital that it has made loans to the following institutions: USD 15 million to AccessBank of Azerbaijan, the equivalent of USD 649,000 to Kreditimi Rural I Kosoves (KRK) of Kosovo, the equivalent of USD 5.27 million to Byblos Bank Armenia and approximately USD 3.89 million to Alter Modus of Montenegro. The loan to Byblos Bank was disbursed in two tranches: a ...
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January 3, 2012 - 1:37pm
from MicroCapital
Alternatifbank A.S. (ABank), a private commercial bank in Turkey, has entered into a loan agreement with German development finance institution Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG) and the European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, to receive EUR 30 million (USD 38.7 million) to boost credit availability for micro-, small and medium-sized enterprises (MSMEs) in Turkey [1]. Under the agreement, DEG will ...
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December 23, 2011 - 3:28pm
from MicroCapital
The European Fund for Southeast Europe (EFSE), a microfinance investment fund incorporated in Luxembourg, recently announced that the Small and Medium Business Credit Support (SMBCS), a subsidiary of the Central Bank of Armenia, will invest EUR 2 million (USD 2.6 million) in EFSE’s new Armenia Local Currency Facility. The facility, which is intended to support local-currency lending to small and medium-sized enterprises (SMEs) in the country, remains open to further donor funds from ...
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December 20, 2011 - 3:14pm
from MicroCapital
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed EUR 400 million (USD 520 million) to increase financing to small and medium-sized enterprises (SMEs) in the agribusiness sector in Turkey [1]. The funds will be made available under the “Turkey Agribusiness SME Financing Facility” (TurAFF) that offers Turkish banks a “comprehensive mechanism to address unmatched demand for ...
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December 12, 2011 - 2:27pm
from RemittancesGateway
Cash remittances sent home by thousands of Armenians working in Russia and other countries increased by more than 23 percent in the first 10 months of this year compared to 2010, RFE/RL's Armenian Service reports.
Central Bank of Armenia (CBA) data shows that local commercial banks processed almost $1.24 billion in noncommercial cash ...
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December 12, 2011 - 2:27pm
from RemittancesGateway
Cash remittances sent home by thousands of Armenians working in Russia and other countries increased by more than 23 percent in the first 10 months of this year compared to 2010, RFE/RL's Armenian Service reports.
Central Bank of Armenia (CBA) data shows that local commercial banks processed almost $1.24 billion in noncommercial cash ...
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September 14, 2011 - 4:22pm
from Center for Financial Inclusion Blog
> Posted by Center Staff
This latest “Top Picks of the Microfinance Blogosphere” swoops in for a closer look at spurious links between energy drinks and microfinance, examines ways of opening up impact investing to the masses, maps out Lebanese microfinance, and more.
“Why is it illegal for me to invest even $100 in the business of my choice?” asks a post by Nilima Achwal on the NextBillion ...
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September 14, 2011 - 2:29pm
from MicroCapital
Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that the Dual Return Fund – Vision Microfinance Local Currency, a sub-fund of Absolute’s Vision Microfinance that provides loans to microfinance institutions (MFIs) exclusively in local currencies, made debt investments totaling the equivalent of USD 1.5 million in unnamed MFIs in Colombia and the Dominican Republic [1]. Absolute reports that this is the first time that ...
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September 5, 2011 - 8:34pm
from Kiva.org
This month’s Passport Series focuses on Lebanon! Lebanon is a country with stunning mountain scenery, a beautiful Mediterranean climate, and a highly diverse population. Follow us throughout the month of September as we learn about Lebanon’s background, its microfinance sector, and Kiva’s presence within its borders. History Lebanon is a Middle Eastern nation that sits on the eastern shore of the Mediterranean Sea. Its bustling capital, Beirut, is ...
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August 22, 2011 - 3:33pm
from Center for Financial Inclusion Blog
> Posted by Center Staff
This week’s “best” of the blogosphere includes good news from Haiti, not-so-clear news from DFID, new data from India, and potentially good news for social entrepreneurs interested in corporate capital.
Jonathan Morduch fears that the DFID study “will add confusion to a conversation that’s already muddled” by ...
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August 21, 2011 - 11:51pm
from Development Impact - News, views, methods, and insights from the world of impact evaluation
The World Bank Group provided $4.2 billion in support to the ICT (information and communications technology) sector over 2003-2010, including 410 non-lending activities for ICT sector reform and capacity building in 91 countries. The World Bank’s Independent Evaluation Group (IEG) had the unenviable task of trying to answer whether all this activity has been relevant and effective. The recently released
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