0July 17, 2014 - 5:32pm from Center for Financial Inclusion Blog
> Posted by Juan Blanco, Associate, Financial Inclusion 2020, CFI In Latin America and the Caribbean, approximately 40 percent of families live in houses to which they have no title or that lack sewage systems, water, electricity, or proper building materials, according to the Inter-American Development Bank (IDB). However, current annual investments in living solutions by the ...
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Assist Central Bank of Morocco with Credit Information Sharing RegulationsJuly 16, 2014 - 6:57am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it will assist the Central Bank of Morocco (CBM), also known as Bank Al-Maghrib, with the development of laws and regulations regarding credit information sharing among lenders. IFC will also assist CBM with developing guidelines for the supervision of the country’s financial sector. The new legislation is intended to meet international standards and help ...
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $25m in Proyectos Educativos Integrales del Peru to Establish Educational Institutions for Low-Income StudentsJuly 15, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced a USD 25 million investment in Proyectos Educativos Integrales del Peru (PEIP), an education company, to create a university and a network of technical institutes to educate low-income students in Peru. Part of this investment will also be used to establish an unspecified number of primary and secondary schools in the country. In a quote attributed to Mr. Jose Antonio Garcia ...
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $500k in Equity to Acquire 8% of Kenyan Microinsurer Agriculture and Risk Enterprise (ACRE), Loans $334k to Ecumenical Church Loan Fund (ECLOF) for Technical AssistanceJuly 14, 2014 - 3:55pm from MicroCapital
The Grameen Credit Agricole Microfinance Foundation (GCAMF), which is based in Luxembourg and invests in “social businesses,” recently informed MicroCapital that it has made an investment of USD 500,000 in Nairobi-based Agriculture and Risk Enterprise Limited (ACRE), a microinsurance provider that aims to launch products in East and West Africa in exchange for an 8-percent stake in the company. ACRE grew out of the “Kilimo Salama” program of the Switzerland-based Syngenta Foundation for ...
Lessons learned from policymakers on how to establish a financial consumer protection supervision departmentJuly 14, 2014 - 3:17pm from Private Sector Development Blog
Financial consumer protection has become a hot topic among financial-sector policymakers in recent years. Consumer protection is increasingly recognized as a critical complement to financial inclusion, particularly after the global financial crisis. Enabling consumers to understand what financial products they’re buying, and enabling them to “comparison shop” among providers, can lead to safer access to financial services as well as to broader financial stability.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Chadian Ministry of Planning and International Cooperation to Offer Leasing to Small Businesses in ChadJuly 8, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently signed a cooperation agreement with the Chadian Ministry of Planning and International Cooperation, the governmental body charged with organizing and implementing development projects in the country, to support the development of leasing options for small and medium-sized enterprises (SMEs) in Chad. As a result of this agreement, IFC plans to lay the groundwork for leasing options for ...
MICROCAPITAL BRIEF: US-based Microfinance Information Exchange (MIX) Appoints Jeffrey Binstock as CEOJuly 5, 2014 - 5:03am from MicroCapital
The Microfinance Information Exchange (MIX), a US-based nonprofit that provides performance data and analysis on microfinance institutions (MFIs) and their funders, networks and service providers, recently announced the appointment of Mr Jeffrey Binstock as the organization’s new CEO. Mr Binstock will succeed Mr Marten Leijon, who headed the organization for four years. Mr Binstock has 20 years of professional experience in the finance, media and information services sectors. During his ...
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Commits $15m to Private Equity Fund EuroMena III to Support Small, Medium-sized Enterprises (SMEs) in Middle East, North AfricaJuly 2, 2014 - 4:52pm from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly has committed USD 15 million to EuroMena III, a 7-year closed-end private equity fund that aims to invest in small and medium-sized enterprises (SMEs) in Egypt, Lebanon and Jordan. The fund will also consider investment opportunities in other countries in the Middle East and North Africa (MENA) region. The fund will focus on companies that create new employment opportunities and ...
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $9.4m to Microfinance Institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka, TanzaniaJune 30, 2014 - 6:45pm from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits worth approximately USD 9.4 million through its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka and Tanzania. A total of USD 2 million was loaned to an unnamed MFI based in the Sri Lankan city of Rajagiriya that was established in 2008 with the ...
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $47m to Garanti Bank Romania to Support Small, Medium-Sized Enterprises (SMEs), Mostly Those Owned by WomenJune 26, 2014 - 12:41am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 35 million (USD 47.5 million) to Garanti Bank Romania, the Romanian arm of the Turkey-based Garanti Bank, to support on-lending to small and medium-sized enterprises (SMEs), including loans totaling EUR 20 million (USD 27.2 million) to companies owned or managed by women. As MicroCapital reported at the time,
0June 24, 2014 - 7:00am from Acumen Fund Blog
Acumen Global Fellows are architects for the impact sector. They are innovators, game changers, visionaries, with various professional experiences looking to make substantial change in the world. They have thrived in companies such as Google; they have started their own companies in Sri Lanka, Canada and Malaysia. They are choosing the challenge of working alongside our portfolio companies and immersing themselves in a rigorous leadership training. Over the past 9 years, thousands ...
MICROCAPITAL PAPER WRAP-UP: “Technical Guide: Performance and Social Indicators for Microfinance Institutions;” by Sebastian von Stauffenberg, Damian von Stauffenberg, Maritza Rodriguez, Rebecca Spradlin, Antonio Bryant; Published by MicroRateJune 16, 2014 - 2:34pm from MicroCapital
“Technical Guide: Performance and Social Indicators for Microfinance Institutions;” by Sebastian von Stauffenberg, Damian von Stauffenberg, Maritza Rodriguez, Rebecca Spradlin and Antonio Bryant; Published by MicroRate; 2014; 64 pages; available at http://www.microrate.com/media/downloads/2014/05/MicroRate_-Technical-Guide-20142.pdf Published by MicroRate, a ...
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $18m to Microfinance Institution Financiera Confianza of Peru to Support Low-Income EntrepreneursJune 16, 2014 - 5:04am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced that it is loaning USD 18 million to Financiera Confianza, a Peruvian microfinance institution (MFI) that offers microloans and deposit services to low-income entrepreneurs . The loan is intended to support the expansion of the MFI’s operations in low-income and rural areas in Peru. Financiera Confianza is one of the eight financial entities associated ...
0June 11, 2014 - 3:41pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI As if we needed more motivation to support the expansion of microinsurance, the increase in extreme weather is highlighting the ability of the financial service to spur climate change adaptation. Farming in developing countries is responsible for 70 percent of the world’s food supply, and farmers in developing countries are vulnerable to ...
0May 30, 2014 - 4:51pm from CGAP Microfinance Blog
Every year, CGAP’s Council of Governors (CG) brings together more than 30 international organizations committed to global financial inclusion. At the core of the meeting is reflecting on trends and priorities in the field as well as determining the role that CGAP should play in advancing responsible, market-based innovations to advance for poor people access to the financial services they need to improve their lives.
0May 29, 2014 - 2:41pm from Innovations for Poverty Action Blog
Pamela Chan, CFED blog Editor’s note, this post originally appeared on the CFED blog here. How effective would you like your mobile banking alerts to be? Last month, The New Yorker featured a snarky mobile banking program in a humor column ...
0May 28, 2014 - 3:00pm from The Microfinance Research Blog
Summertime And the livin’ is easy —George Gershwin The hot months will soon arrive in the Northern Hemisphere and if you’re like us, you’re planning a little time off from your regular routine. We’ve got some sites to inspire you to make new dishes, read new books, and even appreciate an age-old form of entertainment. No matter your passion, there’s an active WordPress.com community talking about your interests.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Introduces FINclusion Lab, Offering Country-Specific Financial Inclusion Data Visualization and AnalysisMay 22, 2014 - 5:04am from MicroCapital
The Microfinance Information Exchange (MIX), a US-based nonprofit, recently announced the launch of FINclusion Lab, a platform that provides interactive visual interpretation and analysis of country-specific data pertaining to financial services activities in Africa, Asia and Latin America . The platform, currently in its “beta” testing stage, is geared toward helping financial service providers, policy makers, regulators and other development professionals assess the “access, quality, ...
0May 12, 2014 - 4:55am from Mundo Microfinanzas
Políticas de inclusión financiera funcionan en comunidades rurales. La política de inclusión financiera emprendida por el gobierno peruano viene ayudando a crear oportunidades económicas en las zonas rurales donde habitan los usuarios de los programas sociales del sector, dijo este martes la viceministra de Prestaciones Sociales del Ministerio de Desarrollo e Inclusión Social (Midis), Norma
MICROCAPITAL BRIEF: Financiera Edyficar Launches Microfinance Institution (MFI) Encumbra in ColombiaMay 5, 2014 - 2:24pm from MicroCapital
Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Credicorp, recently launched a microfinance institution (MFI) named Encumbra in the Colombian city of Medellin that will serve the micro- and small enterprise sector in the country. Credicorp plans to invest USD 78 million in Encumbra over the next eight years. The new MFI will provide loans of up to COP 15 million (USD 7,700) each. As of December 2012, Edyficar reported ...