Countries & RegionsMicrofinance in Kazakhstan:
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May 18, 2012 - 12:47pm
from MicroCapital
The government of Angola reportedly has announced it plans to spend an amount approximately equivalent to USD 850 million during 2012 to facilitate access to credit for enterprises – including microenterprises – in the country. Licinio Vax Contreiras, advisor to Angola’s Economy Minister, reportedly said that the minister has chosen 14 unnamed banks to distribute the money. Mr Contreiras added that the government has created a policy that will help banks increase the speed at which they ...
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April 23, 2012 - 2:30pm
from Center for Financial Inclusion Blog
> Posted by Center Staff
The Smart Campaign recently released the following press release to announce fourteen microfinance organizations with outstanding Codes of Ethics.
Washington, DC, April 18, 2012 — The Smart Campaign, a global initiative to incorporate ...
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April 18, 2012 - 4:05pm
from Global development: Poverty matters blog | guardian.co.uk
When the global financial crisis struck in 2008, the World Bank's social development unit and the Institute of Development Studies in the UK set out to examine in "real time" how around 3,000 people in 17 developing countries coped with the shock of higher food and fuel prices.The joint project has resulted ...
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April 17, 2012 - 11:12am
from Global development: Poverty matters blog | guardian.co.uk
The agenda for the upcoming Earth summit in Rio this June has a glaring hole: land rights.I have spent the last two years investigating the global epidemic of land grabs for a book. Saudi ...
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March 18, 2012 - 1:53am
from MicroCapital
The Kyrgyz National Bank, the central bank of Kyrgyzstan, reportedly has stated that the microfinance sector in the country is overheating [1]. As the government-reported aggregate credit portfolio of the industry grew to UZS 15.7 billion (USD 85.4 million) in 2011, “growth of excessive indebtedness is observed with it” [1]. This is despite regulations that have been passed with the intent of providing borrowers with “transparent pricing and the effective interest rate, as well as the ...
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March 8, 2012 - 4:36pm
from Center for Financial Inclusion Blog
> Posted by Rosita Najmi, Financial Inclusion Practice, World Bank
“Congratulations,” the young man said, as I entered a favela in Rio. Puzzled, I raised my eyebrows and shrugged my shoulders. “He was congratulating you because you’re a woman.” said the young woman accompanying me on a UNDP assignment. My eyebrows migrated even further north. With a smile, she clarified, “Today is International Day of the Woman.” As we walked on, I turned and yelled over my shoulder ...
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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 29, 2012 - 9:51am
from Morocco Microfinance Blog
Feb. 27
‘Yunus Was Right,’ SKS Microfinance Founder Says
“Professor Yunus was right,” Mr. Akula said, referring to Muhammad Yunus, the Grameen Bank founder, economist and a frequent critic of Mr. Akula and others who tried to turn microfinance into a for-profit industry. “Bringing private capital into social enterprise was much harder than I anticipated,” he said.Source: The New York Times Blog
Feb. 27
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January 26, 2012 - 10:12pm
from MicroCapital
Rural Impulse Fund II, which is managed by Belgium’s Incofin Investment Management, and Triple Jump’s ASN-Novib Microkredietfonds, have acquired an equity stake in Azercredit, an Azerbaijani microfinance institution (MFI) with a rural focus. While the amounts paid and the sizes taken have not been made public, Incofin IM and Triple Jump will have seats in Azercredit’s board of directors.
Azercredit was initially created in 1996 as a program of World Vision, a US-based worldwide ...
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January 23, 2012 - 12:11pm
from CGAP Microfinance Blog
The year 2011 was not particularly easy for microfinance institutions (MFIs) in Eastern Europe and Central Asia (ECA). Though overall many managed to overcome crisis, many MFIs have not yet returned to their pre-crisis growth rates, and delinquency levels were still higher last year than in 2007. One of the issues commonly faced ...
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December 21, 2011 - 10:00am
from MicroCapital
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed to loan the equivalent of USD 4 million in the local currency, somoni, to First MicroFinance Bank (FMFB-TJK), a microfinance bank in Tajikistan that is affiliated with the Switzerland-based Aga Khan Development Network (AKDN) [1]. FMFB-TJK is the fourth financial institution to join EBRD’s Local Currency Lending Programme in ...
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December 14, 2011 - 5:03am
from MicroCapital
Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs): USD 3 million to Vision Banco of Paraguay, USD 1 million to Lazika Capital of Georgia, USD 1 million to Credit Mongol LLC of Mongolia and USD 1 million to Forus Bank of Russia [1, 2, 3, 4]. The loans to Vision Banco and Forus Bank were disbursed through VDK MFI Loan Portfolio, while the loan to Lazika Capital was made ...
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December 8, 2011 - 7:00am
from Global development: Poverty matters blog | guardian.co.uk
A group of people had just disrupted a baseball game by running naked across the field. After the disturbance, legendary player Yogi Berra was asked whether they were men or women. He replied: "I don't know. They had bags over their heads." That story illustrates what is perhaps the biggest issue in development economics today: the ...
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September 23, 2011 - 5:03am
from MicroCapital
Bank Eskhata, a commercial bank located in Tajikistan, will receive a USD 8 million syndicated loan funded by three European financial institutions: the Netherlands Development Finance Company (FMO in Dutch), a public-private partnership, will provide USD 5 million; the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, will provide USD 2 million; and Bank im Bistum Essen eG (BiB), a German cooperative bank, will provide USD 1 million. ...
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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 13, 2011 - 5:10am
from MicroCapital
responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 2.5 million in microfinance institutions Asian Credit Fund LLP of Kazakhstan, Bank Eskhata (Eskhata) of Tajikistan and XacLeasing, a sister company of Mongolian microfinance institution XacBank [1]. The investments have been made through three MIVs: responsAbility ...
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September 9, 2011 - 5:52pm
from Center for Financial Inclusion Blog
> Posted by Adriana Magdas
Couple at store in Nepal.
In celebration of its 3rd anniversary, the Center for Financial Inclusion is organizing an after-hours event at its Washington, DC office. Guests can view a photo exhibit demonstrating disability inclusion in countries ...
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August 13, 2011 - 5:47am
from MicroCapital
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made investments totaling the equivalent of USD 4 million in Bai Tushum of the Kyrgyz Republic, Arnur Credit of Kazakhstan and Bereke of Kazakhstan. The investments were made through responsAbility Global Microfinance Fund (rAGMF), an MIV that is managed by ...
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July 15, 2011 - 6:15pm
from MicroCapital
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made debt investments totaling USD 8 million through MIVs it manages in the following institutions: USD 3 million to Kompanion Financial Group Microfinance Closed Joint Stock Company, an MFI in Kyrgyzstan; USD 2 million to Eskhata Bank, an institution in Tajikistan ...
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July 15, 2011 - 12:27pm
from Microfinance Nigeria
AlHuda Centre of Islamic Banking & Economics Press Release
An International Seminar on Financial Inclusion for Central Asia, the Caucasus, and South Asia organized by Asian Development Bank Institute-Japan, APEC Business Advisory Council -China, & Asia-Pacific Finance and Development Center from 12th – 14th July, 11, concluded days today in Urumqi, Peoples Republic of China. Delegate from China, Japan, Pakistan, Bangladesh, India, Malaysia, ...
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