MICROCAPITAL BRIEF: VisionFund Selling Georgian Microfinance Institution (MFI) Credo to Impact Investors AccessHolding, responsAbility, TriodosNovember 7, 2014 - 2:17pm from MicroCapital
VisionFund International, a subsidiary of US-based, Christian NGO World Vision International, recently received approval from the National Bank of Georgia to sell its stake in Microfinance Organization Credo, LLC (Credo), to “a consortium of social impact investors” including Access Microfinance Holding AG (AccessHolding), a holding company based in Germany that specializes in microfinance investments; responsAbility Investments AG (responsAbility), a company based in Zurich that ...
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Invests $788k in Oxus DR Congo, $321k in Uganda’s EncotNovember 4, 2014 - 9:03am from MicroCapital
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following two loans: (1) EUR 630,000 (USD 788,000) over a two-year period to Oxus Democratic Republic (DR) Congo, an MFI based in the Democratic Republic of the Congo that was launched in 2013 by the Oxus Group; and (2) EUR 257,000 (USD 321,000) over a three-year ...
MICROFINANCE PAPER WRAP-UP: “The Next Stage of Financial Inclusion;” by Dean Karlan; Published by Stanford Social Innovation ReviewOctober 31, 2014 - 5:24am from MicroCapital
“The Next Stage of Financial Inclusion;” by D. Karlan; published by the Stanford Social Innovation Review; fall 2014; 9 pages; available at: http://www.ssireview.org/pdf/Fall_2014_The_Next_Stage_of_Financial_Inclusion_1.pdf This paper investigates the evolving role of nonprofit organizations in providing microcredit to people with low incomes. Dr Karlan argues that the role of nonprofit ...
MICROFINANCE EVENT: “Inclusive Microfinance Conference” 2014, to Address Serving People with Disabilities in Kampala, Uganda, November 11-12, 2014October 29, 2014 - 4:39pm from MicroCapital
Event Name: Inclusive Microfinance Conference 2014 Event Dates: November 11-12, 2014 Event Location: Imperial Royale Hotel, Kampala, Uganda Cost: The cost to attend the conference is UGX 100,000 (USD 38) for Ugandan participants. The cost for international participants is USD 100. Summary of Event: The Inclusive Microfinance Conference is intended to bring together representatives of policy makers, organizations serving disabled persons, academia, development ...
MICROCAPITAL BRIEF: Project Concern International (PCI) to Target 250,000 Additional Women Through Women Empowered (WE) InitiativeOctober 23, 2014 - 5:05am from MicroCapital
Project Concern International (PCI), a US-based non-governmental organization (NGO), recently announced that it plans to scale up the operations of its Women Empowered (WE) initiative by providing approximately 250,000 women, in addition to the 230,000 women it currently serves, with tools and training for their businesses. The announcement was made at the recent annual meeting of the Clinton Global Initiative (CGI), a program that brings together global leaders in an effort to address ...
MICROCAPITAL BRIEF: Grameen Foundation, MicroEnsure, Penda, Clifford Chance Launch Uzima Health Microinsurance in KenyaOctober 23, 2014 - 1:01am from MicroCapital
The Grameen Foundation, a US-based nonprofit organization; MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International; Penda Health, a Kenya-based, for-profit chain of medical centers; and Clifford Chance, a UK-based international law firm, recently announced that they have launched an initiative called the “Uzima Project” in Kenya with the aim of providing “low-cost“ health insurance. In addition to receiving financing and insurance, the ...
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation (GCAMF) to Loan $1.1m to FINCA Malawi, $580k to Réseau de Micro-institutions de Croissance de Revenus of MaliOctober 12, 2014 - 10:59am from MicroCapital
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based foundation providing financial services to microfinance institutions (MFIs) and other social businesses, recently informed to MicroCapital that it disbursed a three-year loan in local currency equivalent in value to EUR 882,000 (USD 1.1 million) to Foundation for International Community Assistance (FINCA) Malawi, a microfinance institution (MFI) member of the US-based, nonprofit FINCA International ...
0September 17, 2014 - 12:30pm from Global development: Poverty matters blog | guardian.co.uk
Let us know about your superfood experiments baobab pancakes, acai smoothies or anything else youve cooked up Baobab holds out hope for Malawis farmers and forests Gallery: baobab, the superfruit that hails from humble roots
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Announces $1m in Advisory Services to Airtel Zambia to Strengthen Financial InclusionAugust 27, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the US-based World Bank Group, recently announced that it will enter into an advisory services agreement with Airtel Zambia, a subsidiary of the Indian telecommunications company Bharti Airtel. Under the agreement, Airtel Zambia will receive advisory services valued at USD 1 million from IFC over a period of three years. The aim of the advisory project is to increase access to mobile financial services in ...
0August 21, 2014 - 1:00am from Innovations for Poverty Action Blog
In an op-ed in MINT, one of India’s leading business newspapers, economist and consultant Ruchira Bhattamishra discusses Prime Minister Modi’s announcement of an ambitious new plan for financial inclusion for all Indians, but ...
0August 19, 2014 - 12:59am from Microfinance Focus
There are 500 days until the deadline for the UN’s ambitious Millennium Development Goals (MDG). The
0July 29, 2014 - 5:03am from MicroCapital
ResponsAbility Investments, a company based in Zurich that primarily invests in developing economies, recently notified MicroCapital that is has disbursed EUR 10 million (USD 13 million) in senior refinancing to Fondation pour le Développement Local et le Partenariat Micro-Crédit (FONDEP), a Moroccan MFI with the mission “to use microcredit to help women and youth create their own microenterprises and generate income .” Further information about the transaction has not been ...
MICROCAPITAL BRIEF: Gemalto, GSM Association to Provide Mobile Services to Support “Pan-African Mobile Health Initiative” for Mothers, ChildrenJuly 25, 2014 - 3:10pm from MicroCapital
Gemalto, a publicly traded digital security firm located in the Netherlands, reportedly has announced its support of the Pan-African Mobile Health Initiative (PAMI), which uses mobile phones to address issues in nutrition and maternal and child health in seven African countries. The PAMI initiative is run by the UK-Based GSM Association, a group of 800 mobile operators and 250 other companies worldwide that promotes the Global System for Mobile communications (GSM), formerly known as ...
0July 9, 2014 - 5:35pm from FINCA News
Last month at Malawi’s 26th Annual International Trade Fair FINCA Malawi was awarded the title of “Best Service Provider” and featured on the front page of Malawi’s Maravi Post.Read more ›
0July 9, 2014 - 3:54pm from FINCA News
Last month at Malawi's 26th Annual International Trade Fair FINCA Malawi was awarded the title of "Best Service Provider" and featured on the front page of Malawi's Maravi Post. Read more ›
0July 6, 2014 - 8:00am from Global development: Poverty matters blog | guardian.co.uk
Malawi celebrates 50 years of independence from Britain this week, and though the country has made great strides after emerging from decades of authoritarian rule and underdevelopment, it still faces many challenges. Continue ...
0July 2, 2014 - 7:52am from MicroCapital
Homeless International, a UK-based nonprofit housing consultancy and finance agency that focuses on reducing urban poverty in Africa and Asia, has purchased T24 MCB, a cloud-based core banking software platform that was developed for the microfinance and community banking (MCB) segment by Temenos Group AG, a software company based in Switzerland. Temenos’s software is expected to assist Homeless International to expand and grow its client base from 16 clients to approximately 50 without ...
MICROCAPITAL PUBLICATION ROUND-UP: Microcredit Summit Campaign Report; responsAbility Financial, Social Impact Assessment; Microinsurance Education in ZambiaJune 24, 2014 - 5:03am from MicroCapital
“Resilience: The State of the Microcredit Summit Campaign Report, 2014;” published by RESULTS Educational Fund; 2014; 68 pages; available in web format at http://stateofthecampaign.org/2014-report-executive-summary/or for purchase as a PDF or in print form at
0June 23, 2014 - 4:32pm from Financial Access Initiative Blog
The majority of the world’s poor share one profession: farming. Most of these farmers cultivate less than 10 acres of land, far away from paved roads and with limited access to the improved seed and fertilizer they need to produce good harvests. Most of these farmers also lack access to financial services that could help them buy that seed and fertilizer. If the global microfinance industry seeks to have a long-term impact on global poverty, it must address the needs of smallholder ...
0June 18, 2014 - 7:36pm from FINCA News
One of the key tools to break the cycle of poverty is education! FINCA Malawi recently participated in National Financial literacy Week with a donation of monetary prizes.Read more ›