0January 27, 2015 - 9:56am from Google news - microfinance
0January 26, 2015 - 12:41pm from Microfinance Africa
Microfinance in Ghana has a future, provided its practitioners learn to stay within their remit of operations, says Raymond Amanfu, BoG’s Head of Other Financial Institutions Supervisory Department, the unit in charge of microfinance companies. “I think microfinance has a future but a very cautious one. Operators have a future provided they stay within their scope of operations. These institutions are small and not sophisticated in terms of risk management practice and product ...
0January 23, 2015 - 1:08am from Google news - microfinance
0January 23, 2015 - 1:07am from Google news - microfinance
0January 22, 2015 - 4:01pm from Center for Financial Inclusion Blog
> Posted by Joshua Goldstein aka Mr. Provocative #182607283 / gettyimages.com Last week some Democrats blasted conservative U.S. Senator Rand Paul for saying that many people who receive Social Security disability benefits are gaming the system. “What ...
MICROCAPITAL BRIEF: Utkarsh Micro Finance, Advans SA Land $24m in Equity from CDC, Lok Capital, Aavishkaar Goodwell India, International Finance Corporation, Norwegian Microfinance InitiativeJanuary 17, 2015 - 1:52am from MicroCapital
The Commonwealth Development Corporation (CDC), a development finance institution owned by the UK government, has announced that it has made an equity investment of USD 11 million in Utkarsh, a northern Indian microfinance institution (MFI) . CDC also announced a “top-up” investment of USD 3.5 million in Advans SA, a Luxembourg-based organization that builds and supports MFIs in Africa and Asia. The investment in Utkarsh was part of the MFI’s fourth round of funding, which ...
0January 14, 2015 - 2:45pm from Google news - microfinance
0January 14, 2015 - 1:31pm from Microfinance Africa
The First Liberty Micro-Finance Limited, a non-banking financial institution, has held a meeting with its customers in the Brong-Ahafo Region to review its operational activities in 2014. The meeting held in Sunyani and attended by about 500 customers sought to improve upon the services being provided and also identified the need for the introduction of more services and products by the company. The customers were from all branches in the Region comprising Nsoatre, Drobo, ...
0January 12, 2015 - 7:39pm from Google news - microfinance
First Liberty Microfinance meets customersspyghana.comThe First Liberty Micro-Finance Limited, a non-banking financial institution, has held a meeting with its customers ...
MICROCAPITAL BRIEF: Mobile Services Firm Digicel Invests $5m in Bima to Promote Microinsurance in Asia-Pacific, Caribbean, Central AmericaJanuary 9, 2015 - 1:39am from MicroCapital
Digicel, a Bermuda-based cellular network provider that operates in 30 markets in the Caribbean, Central America and the Pacific, recently invested USD 5 million in Bima, a Sweden-based mobile microinsurance provider that operates in Africa, Asia, Caribbean, Central America and the Pacific, to expand microinsurance product offerings in the Caribbean and the Asia-Pacific region. The companies previously partnered to launch microinsurance projects in Haiti and Papua New Guinea through which ...
0January 6, 2015 - 1:58pm from Microfinance Africa
IT has been widely acknowledged that the financial inclusion initiative of the Central Bank of Nigeria will be largely driven by mobile money. A key reason for financial exclusion is typically the inaccessibility of the unbanked/underbanked, mostly people in the lower strata of the economy, by the financial services providers. Location is a challenge as the unbanked or underbanked are often far removed from the centre of commerce, which tends to lower their participation in economic ...
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor), The MasterCard Foundation Award $900k to Advans Cote d’Ivoire, MFS Africa, Money Express for Branchless Banking Projects in Benin, Cote d’Ivoire, SenegalJanuary 2, 2015 - 5:07am from MicroCapital
CGAP (Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access, and The MasterCard Foundation, a Canada-based nonprofit that aims to promote youth learning and financial inclusion in emerging markets, recently awarded a total of USD 900,000 to three projects in countries of the West African Economic and Monetary Union (WAEMU) to expand the availability of banking in the region. The awards went to Advans Cote d’Ivoire, a bank ...
0December 31, 2014 - 12:43pm from Microfinance Africa
The Ghana Islamic Microfinance (GIMF) has donated books and other educational materials to the Shiekh Usman Nuhu Sharubutu Education Trust Fund (SONSETFUND) for onward distribution to schools in the Muslim communities. The donation by the asset based Islamic Microfinance project which was estimated at GH¢100,000 include computers and accessories, school canvas and other educational materials. Mr Kwaku Kyei, Board Chairman of GIMF said the donation forms part of its ...
0December 30, 2014 - 1:12am from Google news - microfinance
Ghana News Agency
0December 30, 2014 - 12:58am from Google news - microfinance
Ghana News Agency
0December 29, 2014 - 7:02pm from Google news - microfinance
Ghana News Agency
MICROCAPITAL BRIEF: Ghana Microfinance Institutions Network Adopts Code of Conduct in Collaboration with SEEP NetworkDecember 25, 2014 - 4:42am from MicroCapital
The Ghana Microfinance Institutions Network (GHAMFIN), an association of 80 microfinance institutions (MFIs) serving 60,000 clients in Ghana, recently announced that it plans to adopt a code of conduct for its members following the closure of 46 MFIs in the country during 2013. According to GHAMFIN, the failures were due in part to poor management and faulty product designs. The code of conduct was developed in conjunction with Small Enterprise Education and Promotion (SEEP) ...
0December 23, 2014 - 5:22pm from Innovations for Poverty Action Blog
Gregory Dobbels In Malawi, just 8 percent of adults saved at a formal financial institution in 2010 (data here, PDF paper here). While this number may seem strikingly low, Malawi is a fairly typical example of a low-income country where the poor are ...
0December 23, 2014 - 8:46am from Microfinance Africa
The National Insurance Commission (NIC), in collaboration with GIZ, has developed a microinsurance scheme as a means of improving access to insurance to the ordinary Ghanaian. The development of suitable microinsurance products and the emergence of innovative channels have resulted in a massive improvement in the number of policies sold or lives covered. According to the Commissioner of Insurance, Ms Lydia Lariba Bawa, the NIC was still in collaboration with GIZ, which is ...
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 ...