MICROCAPITAL BRIEF: International Finance Corporation (IFC), IFC Capitalization Fund Invest $15m in Subordinated Debt in Nicaragua-based Banco de Finanzas (BDF)April 21, 2014 - 4:45pm from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced a USD 15 million subordinated bond investment in Banco de Finanzas, a Nicaragua-based commercial bank that is a wholly-owned subsidiary of Panama-based bank holding company Grupo Banco de Finanzas. IFC will underwrite USD 3.75 million of the purchase, and the remaining USD 11.3 million will be underwritten by the IFC Capitalization Fund, an equity and subordinated ...
0April 14, 2014 - 4:50am from Mundo Microfinanzas
Washington DC, Estados Unidos. Simposio Sostenibilidad Urbana. Evento del Día de la Tierra, 22 de abril de 2014, 9:00 a 10:30 am, Centro de Conferencias Enrique V. Iglesias del Banco Interamericano de Desarrollo (BID), organizado por el Programa de RSE y la Iniciativa Ciudades Emergentes y Sostenibles del banco. Hoy más de la mitad de la población mundial vive en ciudades. Cómo hacer que
MICROCAPITAL BRIEF: responsAbility Investments Lends $4m to Opportunity International Bank of MalawiApril 9, 2014 - 5:03am from MicroCapital
ResponsAbility Investments AG, a Swiss-based investor in microfinance and other sectors, recently announced the disbursement of a loan of USD 4 million to Opportunity International Bank of Malawi Limited (Opportunity Malawi), a member of the US-based Opportunity International network. The loan is intended to support Opportunity Malawi’s financing of farmers and small and medium-sized enterprises (SMEs) in the country. Further details, such as the terms of the loan, have not been ...
0April 3, 2014 - 10:31am from Global development: Poverty matters blog | guardian.co.uk
A senior official has been shot, millions of dollars are missing and there are suspects at the highest level of government. It sounds like something from a spy thriller, but in fact it is the unfolding Cashgate scandal in Malawi, which has caught the imagination of the world's media.
MICROCAPITAL BRIEF: Applications Open for 2014 Seed Awards for Entrepreneurs in Sustainable Development Until April 8March 26, 2014 - 3:01am from MicroCapital
The Seed Initiative, a Germany-based nonprofit institution that supports small-scale social and environmental enterprises in emerging economies, recently announced that it is accepting applications for the “2014 Seed Awards for Entrepreneurs in Sustainable Development,” a set of annual awards presented to entrepreneurs in developing countries that Seed deems to be the “…most promising, innovative and locally led…[and that have the] potential to contribute significantly to sustainable ...
MICROCAPITAL BRIEF: MasterCard Foundation Donates $23m to Opportunity International for Agricultural Financing in Sub-Saharan AfricaMarch 25, 2014 - 3:52pm from MicroCapital
The MasterCard Foundation, which was founded by US-based global payment processing company MasterCard and aims to promote youth learning and financial inclusion in emerging markets, has donated USD 22.7 million to Opportunity International, a US-based non-profit microfinance organization, to launch the “Africa Growth and Innovation Initiative” to deliver agricultural financial services to 7 million low-income people in the Sub-Saharan African countries Ghana, Malawi, Rwanda, Tanzania and ...
0March 17, 2014 - 9:00am from Financial Access Initiative Blog
Here on the FAI blog we’ve written many posts on the shortcomings of financial literacy training programs, both in the US and abroad. When I came across a study from the World Bank’s Development ...
0March 3, 2014 - 4:05pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI On Thursday NASA and the Japan Aerospace Exploration Agency launched a new weather and climate satellite that generates a near-global view of precipitation, closing previous large observation gaps. This development has the potential to ...
MICROCAPITAL BRIEF: Microfinance Provider Khushhali Bank, Smart and Renewable Energy Solutions Partner to Increase Solar Power in Rural PakistanFebruary 23, 2014 - 5:10am from MicroCapital
Khushhali Bank, a microfinance institution (MFI) in Pakistan, has signed an agreement with Smart and Renewable Energy Solutions (SRE Solutions), a Pakistan-based firm that offers solar energy products, to provide financing for “Solar Magic Box,” a device manufactured and sold by SRE Solutions that generates electricity from the sun . This partnership is expected to benefit especially rural areas that remain outside the country’s power grid. While details of financing options have not ...
0February 14, 2014 - 11:38am from Global development: Poverty matters blog | guardian.co.uk
In July 2003, African leaders meeting in Maputo, Mozambique, committed to allocating 10% of their national budgets to agriculture by 2008, and to increasing annual agricultural growth to 6% of GDP. Their aim: to eliminate hunger, and reduce poverty and food insecurity. Their instrument of choice: the
0January 29, 2014 - 7:56pm from Center for Financial Inclusion Blog
> Posted by Mary Hansen, Organizational Development and Training Associate, Accion 842 million people struggle through the hunger games yearly. The games begin as food and money run low sometime before harvest and last until the first ripe crops. This is better known as los meses flacos, the thin months, in Latin America. Or as I knew it in East Africa, wanjala in Swahili and nyengo yonjala in ...
0January 22, 2014 - 5:05am from MicroCapital
Bharti Airtel (Airtel), an India-based telecommunications provider, reportedly is expanding the range of services that users in Zambia can pay for with its ‘Airtel Money’ mobile money service to include insurance. Airtel’s 1.8 million customers in the country will now be able to purchase insurance policies from Nico Insurance Zambia, an insurance provider and subsidiary of Malawi-based Nico Holdings Limited. Nico Insurance will be offering a discount of an unreleased amount for Airtel ...
0January 17, 2014 - 1:05am from Google news - microfinance
Success of microfinance project sees women benefiting as Malawi economy ...Irish TimesThe welcoming party of 25 women has good reason to be happy: a year ago they started their microfinance group ...
0December 30, 2013 - 9:00am from Global development: Poverty matters blog | guardian.co.uk
Mercy Banda looks away as a blood sample is taken from her arm. Banda, 33, is HIV positive and is having her viral load tested at the Namitambo health clinic in Chiradzulu, southern Malawi. She should know the results in a couple of hours. In the past, when blood samples were sent away to the district hospital about 40km away – or even to ...
MICROCAPITAL BRIEF: US Agency for International Development (USAID), NetHope Announce 3 Grants Totaling $42k to Support Electronic, Mobile PaymentsDecember 20, 2013 - 3:07pm from MicroCapital
The United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, and NetHope, a consortium of 41 international humanitarian organizations, recently announced three grants totaling USD 42,000 that aim to support development organizations in testing electronic payments and performing cost-benefit analyses of cash versus electronic payment systems. The 2013 recipients of the Electronic and Mobile Payment ...
0December 18, 2013 - 10:52am from Global development: Poverty matters blog | guardian.co.uk
It was the night before Christmas, when all through the house not a creature was stirring. Largely because its frazzled and furrowed-browed occupants were still scuttling up and down the local high street, the clock ticking towards closing ...
MICROCAPITAL BRIEF: Financial Sector Deepening (FSD) of Kenya, Women’s World Banking of US Partner to Serve Women in Sub-Saharan AfricaDecember 12, 2013 - 5:05am from MicroCapital
Kenya-based Financial Services Deepening (FSD), a trust that provides funding to financial institutions, and US-based Women’s World Banking (WWB), a nonprofit that works with financial institutions to provide financial tools to low-income women in 28 countries, reportedly are partnering to provide financial services to women in Sub-Saharan Africa. FSD Africa will provide grants of up to USD 7.1 million by 2018 to Women’s World Banking to support financial institutions that target women. ...
0December 9, 2013 - 3:55am from Mundo Microfinanzas
Blantyre, Malawi. Primera Semana de la Educación Financiera, 9 y 10 de diciembre de 2013, Comesa hall, organizada por el Banco Central de Malawi (RBM) en alianza con distintos sectores involucrados en la gestión de servicios financieros. Al explicar las motivaciones del evento ante la prensa, el director del RBM a cargo de la supervisión de microfinanzas y mercados de capitales, Hastings
0December 4, 2013 - 7:32pm from Mundo Microfinanzas
Luiz Feltrim, del BCB, durante la instalación del evento en Brasilia(foto: AFI) (Mundo Microfinanzas) Representantes del Banco Central de Malawi (RBM), el Banco de Tanzania (BOT), el Banco Central de Suazilandia (CBS) y el Banco Central del Congo (BCC) participan en Brasilia de la Semana Internacional de Inclusión Financiera, presentada conjuntamente por el Banco Central de Brasil (BCB) y
MICROFINANCE PUBLICATION ROUND-UP: Partnerships in Mobile Financial Services; Africa Microfinance Pricing Reports; Impact Assessment of EFC ZambiaNovember 27, 2013 - 5:53am from MicroCapital
“Partnerships in Mobile Financial Services: Factors for Success;” by Mark Flaming, Aiaze Mitha, Michel Hanouch, Peter Zetterli and Greta Bull; published by the MasterCard Foundation and the International Finance Corporation (IFC); October 2013; 18 pages; available at