0December 15, 2014 - 1:33pm from Microfinance Africa
The National Insurance Commission (NIC) is calling on financial Non – Governmental Organizations (NGO’s) operating in rural areas to apply for licenses to add Micro insurance to their operations. According to the NIC that is one way to introduce insurance to the rural dwellers since the traditional insurance companies are concentrated in the urban areas. NIC is actively spearheading the development of micro insurance in Ghana, particularly through the development of an appropriate ...
0December 15, 2014 - 1:28pm from Microfinance Africa
The demonstrators who called themselves “Concerned Citizens of Volta Region,” were clad in red and chanting war songs to protest against the deplorable nature of roads as well as the level of development in the region. They defied the scorching sun, the disapproval of the police and ignored the Volta Regional Minister to stage the demonstration which had received lots of endorsements from residents, including chiefs. As a result, in less than 24 hours after the demonstration ...
0December 14, 2014 - 10:53am from Google news - microfinance
MICROCAPITAL BRIEF: Credit Suisse to Fund Opportunity International’s “Empowering Generational Change Through Education” in Africa, Asia, Latin AmericaDecember 11, 2014 - 10:36pm from MicroCapital
Credit Suisse, a Swiss global financial services company with operations in 50 countries, has agreed to donate an undisclosed sum to Opportunity International, a US-based nonprofit providing microfinance in 22 countries, to launch a three-year program entitled “Empowering Generational Change Through Education” that focuses on lending for education initiatives. The new program is expected to help educate 530,000 children in 10 countries through new initiatives in Colombia and ...
MICROCAPITAL BRIEF: Millicom’s Tanzanian Arm Distributes Profits of $1.8m to Tigo Pesa Mobile Money CustomersDecember 9, 2014 - 9:56am from MicroCapital
Millicom International Cellular, a Luxembourg-based telecommunications company that operates the brand Tigo, recently announced that its Tanzanian unit will distribute third quarter profits of TZS 3 billion (USD 1.8 million) to users and agents of Tigo Pesa, a mobile money service accessed by 3.6 million customers. This is the second round of profit distribution, after it paid TZS 14.25 billion (USD 8.64 million) three months earlier. The higher amount disbursed in the first round ...
0December 3, 2014 - 8:46pm from CGAP Microfinance Blog
Three pioneering insurance supervisors from Ghana, Pakistan and South Africa were asked to share their experience regulating inclusive insurance vis-à-vis the work of the A2ii and the IAIS, around the A2ii, IAIS, CGAP Expert Symposium on proportional regulatory approaches in inclusive insurance markets. The author of this blog, Faraz U. Amjad, is a Joint Director at the Securities and Exchange Commission of Pakistan (SECP).
Bima Receives a $5 Million Investment from Digicel Group to Bring Microinsurance to Asia Pacific and the CaribbeanDecember 2, 2014 - 9:31pm from Microfinance Africa
LONDON–(BUSINESS WIRE)–Bima, the leading global microinsurance provider, announced a 5 million USD investment from Digicel Group, the leading total communications and entertainment provider in the Caribbean, Central America and Asia Pacific regions. This investment and the resulting partnership will help Bima to deliver access to affordable insurance on a scale never seen before in those regions. The market opportunity for microinsurance in Asia Pacific and the Caribbean is vast, ...
0December 1, 2014 - 2:52pm from CGAP Microfinance Blog
Three pioneering insurance supervisors from Ghana, Pakistan and South Africa were asked to share their experience regulating inclusive insurance vis-à-vis the work of the A2ii and the IAIS, around the A2ii, IAIS, CGAP Expert Symposium on proportional regulatory approaches in inclusive insurance markets. The author of this blog, Lydia Lariba Bawa, is the Commissioner of Insurance for the National Insurance Commission in Ghana.
0November 26, 2014 - 4:14pm from Acumen Fund Blog
The Acumen Global Fellows are an incredibly diverse group of professionals dedicated to changing the way the world tackles poverty. Over the past nine years, 86 Fellows have taken part in the fellowship which has truly transformed the way they see themselves and their careers. We asked three alumni to share what they learned during their fellowship year, how they’ve grown, and how the experience shaped who they are today. Applications for the Global Fellows Program are open ...
0November 21, 2014 - 6:43pm from CGAP Microfinance Blog
Three pioneering insurance supervisors from Ghana, Pakistan and South Africa were asked to share their experience regulating inclusive insurance vis-à-vis the work of the A2ii and the IAIS, ahead of the upcoming A2ii, IAIS, CGAP Expert Symposium on proportional regulatory approaches in inclusive insurance markets. The author of this blog, Jonathan Dixon, is the Deputy Executive Officer for Insurance at the Financial Services Board, South Africa.
0November 19, 2014 - 1:46pm from Microfinance Africa
The Ghana Microfinance Institutions Network (GHAMFIN) has attributed the failure of some Microfinance Institutions (MFIs) to the mismanagement of depositors’ funds as a result of inexperienced operators in the sector. GHAMFIN, which is the umbrella body of microfinance companies operating in the country, posits that the industry has been invaded by self-seeking and inexperienced agents who exploit the poor. The Chairman of the GHAMFIN Council, Mr Emmanuel Oduro Darko, told ...
0November 18, 2014 - 1:49pm from Microfinance Africa
The Ghana Microfinance Institutions Network (GHAMFIN) is set to adopt a unified code of conduct as part of several measures to inject sanity into an industry that has seen several players collapse. According to GHAMFIN, more than 46 MFIs collapsed in 2013 alone due to bad managerial skills, poor product designs among others, which has prompted calls for measures to curtail the rapid failure of micro finance institutions (MFIs). The Chairman of GHAMFIN’s Council, Emmanuel O. ...
0November 17, 2014 - 2:36pm from Google news - microfinance
0November 17, 2014 - 2:13pm from Google news - microfinance
0November 16, 2014 - 1:53pm from Google news - microfinance
Mediating Maternal Health − Traditional Birth Attendants as Intermediaries in Western Kenya. Guest post by Nisha RaiNovember 12, 2014 - 8:14pm from Development Impact - News, views, methods, and insights from the world of impact evaluation
This is the second in our series of posts by students on the job market this year. Relaxing supply-side constraints is not always sufficient to ensure delivery of public services to poor and remote communities. It may be necessary to stimulate demand by exploiting local agents who can link the relevant parties. We thus see the use of intermediaries in a variety of sectors in development; for example through the use of agricultural extension agents (
0November 10, 2014 - 11:09am from MicroCapital
MicroCapital: You will be speaking in a few days at European Microfinance Week. How will you describe the state of risk management within microfinance and where it fits in the broader context of the industry? Kevin Fryatt: In the last several years, we have seen a lot of focus on new technology and serving clients better through new product ...
MICROCAPITAL BRIEF: MasterCard Commits $25m to Expand UN Capital Development Fund’s Mobile Money for the Poor (MM4P) ProgramNovember 9, 2014 - 6:33am from MicroCapital
The MasterCard Foundation, a Canadian nonprofit that aims to promote youth learning and financial inclusion in emerging markets, has partnered with the United Nations Capital Development Fund (UNCDF), a UN initiative to increase access to microfinance and other forms of investment capital for small businesses and individuals in developing countries, to expand the UNCDF Mobile Money for the Poor (MM4P) program. MM4P was started in 2012 to support branchless and mobile financial services ...
0November 6, 2014 - 1:44pm from Microfinance Africa
The Managing Director of First Liberty Microfinance, Odeneho Affram Brempong III, has said mobilisation of cheap funds for operations by those in the microfinance business has become a challenge, threatening the survival of many in the industry. He attributed the dwindling fortunes of the industry to lack of confidence in the work of most microfinance firms as a result of some unfortunate events that befell the industry. He explained that because of this, microfinance firms ...
0November 6, 2014 - 4:13am from Google news - microfinance
Low confidence affecting microfinance operationsGhanaWebThe Managing Director of First Liberty Microfinance, Odeneho Affram Brempong III, has said mobilisation ...