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June 17, 2013 - 2:49pm
from MicroCapital
Members of the Jamaica Micro Financing Association (JaMFA), a committee of eight microfinance institutions formed in 2008, reportedly have had their access to relatively cheap wholesale funds from the Development Bank of Jamaica (DBJ), a state-owned bank, blocked due to delays in the Ministry of Finance in renewing their exemptions from the Money Lending Act, a law established in Jamaica in 1938 [1]. The Ministry of Finance reportedly has stopped automatically renewing the ...
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May 15, 2013 - 2:03pm
from MicroCapital
The Jamaican Minister of Finance and Planning, the Hon. Dr. Peter Phillips, reportedly announced in the House of Representatives that the Development Bank of Jamaica (DBJ), a government-owned development bank, will commit JMD 2 billion (USD 20 million) to the micro- and small business sector during fiscal year (FY) 2013/2014, which ended March 31, 2014. This represents an approximate tripling of the JMD 650 million (USD 7 million) that DBJ disbursed in the form of 850 loans to ...
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April 16, 2013 - 6:00am
from Global development: Poverty matters blog | guardian.co.uk
Many people in Jamaica would have trembled as they read the financial press last week, telling them that their country is, again, due to be "rescued" by a loan package put together by the International Monetary Fund (IMF).Over 40 years, Jamaica has been "rescued" on countless occasions. In the 1980s, the island became ...
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April 8, 2013 - 2:12pm
from Center for Financial Inclusion Blog
> Posted by David Grace, Managing Partner, David Grace & Associates
As noted in a recent blog post by Beth Rhyne of CFI, supervisors need to upgrade their skills if they are going to keep pace with an additional 2-3 billion people over the next decade potentially entering financial services for the first time.
The financial inclusion ...
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March 7, 2013 - 8:28pm
from MicroCapital
The Development Bank of Jamaica (DBJ), a state-owned bank, plans to launch a mobile money pilot project in partnership with unspecified microfinance institutions (MFIs) in April 2013. According to Yvonne Lewars, DBJ’s general manager of institutional strengthening and project management, “We expect that the project will allow the use of mobile money as an entry point for the ‘unbanked and under banked’ to formal financial services, reduce the cost of micro transactions and give [MFIs] and ...
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March 1, 2013 - 1:33am
from Microfinance Gateway News & Opinion
South Africa: “Cost, distrust discourage consumers from obtaining insurance”
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February 27, 2013 - 9:18am
from Microfinance Gateway News & Opinion
“Development Bank of Jamaica, Alaric and Transcel team on mobile money project”
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February 26, 2013 - 9:54am
from Microfinance Gateway News & Opinion
“Development Bank of Jamaica, Alaric and Transcel team on mobile money project”
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February 26, 2013 - 8:45am
from Microfinance Gateway News & Opinion
“Development Bank of Jamaica, Alaric and Transcel team on mobile money project”
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January 30, 2013 - 3:34am
from MicroCapital
The National Commercial Bank (NCB), a government-owned bank in Jamaica, reportedly has launched a pilot operation in partnership with the Development Bank of Jamaica (DBJ), which is also owned by the Jamaican government, in preparation to allow for the disbursal of funds to clients of microfinance institutions (MFIs) through automated banking machines (ABMs). MFI customers receive a short message service (SMS, also known as text messaging) when a loan is approved at which point they may ...
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January 28, 2013 - 2:17pm
from MicroCapital
Scotiabank, a Canada-based bank, reportedly expects to begin extending microloans in amounts ranging from CAD 300 (USD 297) to CAD 3,000 (USD 2,970) to consumers and small businesses in Mexico. The loans are to be offered to clients of Credito Familiar, a consumer financing unit with 240 branches that Scotiabank acquired in 2011 from Banamex, a Mexican subsidiary of US-based financial service corporation Citigroup. Scotiabank reportedly expects the microcredit industry in Mexico to grow ...
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January 22, 2013 - 12:10am
from Microfinance Gateway News & Opinion
http://nationalmirroronline.net/new/cbn-introduces-flexible-kyc-for-financial-inclusion/
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December 14, 2012 - 7:00am
from Global development: Poverty matters blog | guardian.co.uk
Movie lovers hunt for the latest Nigerian films in the streets of Kingston, Jamaica, and Guangzhou's Little Africa; Nigerian songs play in clubs from London to Kuala Lumpur. But the lion's share of the profit goes to pirates who didn't invest a penny in studio time or camera equipment."By some estimates, for every legitimate [movie DVD] copy ...
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November 26, 2012 - 5:30pm
from MicroCapital
The Munich Climate Insurance Initiative (MCII), a project of the German re-insurance company Munich Re, and EC Global Insurance, a subsidiary insurance arm of the St. Lucia-based East Caribbean Financial Holding Group, recently unveiled a microinsurance product “Livelihood Protection Policy” (LPP). Speaking at the product launch, Leathon Khan, CEO of EC Global, reportedly noted, “This is for us a very proud accomplishment and a very proud moment in our continued development as a very ...
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November 2, 2012 - 11:28pm
from Kiva.org
The same week that the SF Giants became World Series Champions -- which had the Bay Area cheering from Sonoma to San Jose -- our friends and family on the East Coast were hit hard by Hurricane Sandy.Kiva representing at the Giants parade in downtown San Francisco.The dichotomy between the images of revelry in San Francisco and ...
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November 2, 2012 - 6:10pm
from Global development: Poverty matters blog | guardian.co.uk
Before making landfall on the shores of South New Jersey, Hurricane Sandy pounded Haiti, Jamaica and Cuba, leaving massive destruction in its wake. There were few boots on the ground from the western media to cover the effects on these Caribbean countries.But when it ...
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October 23, 2012 - 9:23pm
from Mundo Microfinanzas
Según un nuevo informe publicado este martes por el Banco Mundial y la Corporación Financiera Internacional (IFC), los emprendedores locales en los países en desarrollo consideran que hacer negocios es más fácil hoy que hace diez años, lo que pone en evidencia el progreso significativo logrado en mejorar las prácticas del entorno regulatorio a nivel global.El ...
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October 18, 2012 - 11:00am
from Mundo Microfinanzas
Debayle, Campos y Flores Coca: FDL en Barbados(foto: Mundo Microfinanzas)(Mundo Microfinanzas) A menudo se cree que ser ecológico, demostrar una conciencia “verde”, tiene que ver con el plano de la responsabilidad, la buena imagen y de cierta ética social-empresarial impuesta por la modernización y las urgencias del cambio ...
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October 17, 2012 - 6:00am
from Global development: Poverty matters blog | guardian.co.uk
The countries that run the International Monetary Fund (IMF) have decided to spend a $2.7bn (£1.7bn) windfall on subsidising cheaper loans to low-income countries. This will represent a small financial benefit for countries taking such loans, but leaves unchallenged what such loans and debt exist to do.In the mid-2000s, the IMF faced a ...
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October 16, 2012 - 5:00am
from MicroCapital
Fifteen microfinance institutions in the Caribbean have recently become beneficiaries of a USD 2.7 million technical cooperation fund that will provide customized staff training programmes. The funding is the second phase of the Caribbean Microfinance Capacity Building Project (CARIB-CAP), which seeks to strengthen the technical and financial capabilities of microfinance institutions in the English-speaking Caribbean by providing training in the areas of marketing, management and product ...
