MICROCAPITAL BRIEF: Impact Investment Exchange Asia (IIX) Launches Impact Accelerator in Philippines to Provide Financial, Operational Support to Early-Stage Social EnterprisesNovember 26, 2014 - 2:54am from MicroCapital
Impact Investment Exchange Asia (IIX), a Singapore-based for-profit company that provides capital to social enterprises (SEs), recently launched an Impact Accelerator program in the Philippines that will provide four early-stage SEs with seed capital and tailored mentorship and advisory services in an effort to decrease the time needed for the businesses to launch. The services will be provided over a six-month period that is expected to begin in January 2015. In order to be ...
0November 14, 2014 - 3:50pm from Financial Access Initiative Blog
1. Mobile Money: Ignacio Mas thinks allowing independent cash in/cash out agents would be a huge boost to mobile money. Would loosening regulations spur mobile money take-up and innovation? NextBillion 2. SDGs: Is full financial inclusion a means or an end?
SPECIAL REPORT: European Microfinance Week Participants: Transparency, Competition, Product-specific Rate Caps Can Lower Microloan Interest RatesNovember 13, 2014 - 3:16pm from MicroCapital
To open the two-day conference portion of European Microfinance Week, which is hosted by the 130-member, Luxembourg-based European Microfinance Platform (e-MFP), panelists and attendees addressed “Balancing financial inclusion, market stability and client protection.” Narda ...
MICROCAPITAL BRIEF: The MasterCard Foundation, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) Provide $6.5m to Launch Accion Africa Board FellowshipNovember 13, 2014 - 5:20am from MicroCapital
Accion, a US-based nonprofit organization that offers services such as microenterprise loans and business training in 32 coutries; The MasterCard Foundation, a Canadian nonprofit that promotes financial inclusion and education in emerging markets; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently partnered to launch the Accion Africa Board Fellowship in an effort to promote improved corporate governance and risk management ...
0November 10, 2014 - 4:17pm from Center for Financial Inclusion Blog
> Posted by Sonja Kelly, Fellow, CFI If there’s one thing we’ve learned in taking a close look at financial inclusion efforts around the world, it’s that context matters. That’s why we are excited to be part of the team releasing the
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $1.5m to Microfinance Institution in EcuadorNovember 10, 2014 - 5:20am from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it has disbursed credits worth approximately USD 1.5 million to an unspecified microfinance institution (MFI) in Ecuador from its Vision Microfinance funds – the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency . APM reports that the MFI provides “a wide range of financial and non-financial products” to the ...
0November 7, 2014 - 12:36pm from Google news - microfinance
Peru ranks first in microfinance environmentPeru this WeekThe study, formerly known as the Global microscope on the microfinance business ...
0November 6, 2014 - 11:09pm from Google news - microfinance
Peru ranks first in microfinance environmentAndina - Agencia Peruana de NoticiasThe study, formerly known as the Global microscope on the ...
0November 6, 2014 - 1:27pm from Microfinance Africa
GUAYAQUIL, Ecuador, Nov. 5, 2014 /PRNewswire/ — The Smart Campaign, a global initiative to incorporate strong client protection practices across the microfinance industry, today celebrates the recent certification of six Latin American microfinance institutions at the occasion of the Foromic, the largest annual industry gathering for the region. In the past year the following institutions have become Client Protection Certified, meaning they meet strong standards of client care:
0November 4, 2014 - 11:44am from Global development: Poverty matters blog | guardian.co.uk
The Rights and Resources Initiative (RRI) and the Munden Project, have not been resting on their laurels since delivering an
0November 3, 2014 - 4:08pm from Center for Financial Inclusion Blog
> Posted by Bobbi Gray, Research and Evaluation Specialist, Freedom from Hunger #103296628 / gettyimages.com The day after the closing of the Microcredit Summit in Merida, Mexico, conference participants were also invited to join in a day-long discussion about
Fast-Moving Consumer Goods and Customer Needs: The Missing Link Between Shampoo and Savings AccountsOctober 31, 2014 - 2:34pm from Center for Financial Inclusion Blog
> Posted by Bhuvana Ramakrishnan, Daniella Llanos Flores, and Singyew Foo, Credit Suisse #94632957 / gettyimages.com The Financial Inclusion 2020 project has been talking to the experts lately to get their views on the main recommendations that came out ...
0October 23, 2014 - 2:40am from Mundo Microfinanzas
(Mundo Microfinanzas) A once días del inicio del Foromic 2014, en Guayaquil, el evento organizado por el Fondo Multilateral de Inversiones (Fomin) ya superó los mil participantes inscriptos, con los últimos cupos disponibles. Luis Alberto Moreno La delegación peruana, con 143 inscriptos hasta el momento, se vislumbra como la más numerosa del foro, por encima del anfitrión Ecuador (121),
SPECIAL REPORT: Narda Sotomayor on Regulating Microfinance via Proportionality, Financial Education and Mobile Money in PeruOctober 16, 2014 - 2:36pm from MicroCapital
MicroCapital: Can you tell us a bit about your talk planned for European Microfinance Week on “balancing financial inclusion with market stability”? Narda Sotomayor: A key element to achieve this balance is the principle of proportionality, under which regulations vary based on the risks associated with the product or service in question. For instance, for ...
0October 16, 2014 - 12:10pm from Microfinance Africa
Nairobi, Kenya: Water.org has announced plans to invest over Sh178million (US$2million) in Water Credit programs in the next one year to ensure accessibility to safe water and sanitation in Kenya and Uganda. The organization is also looking to expand the Water Credit programs by working with a diverse set of financial institution partners and funders to attract additional capital to the Water Credit ecosystem. So far, Equity Bank, Kenya Women Finance Trust, ...
0October 15, 2014 - 4:56pm from Mundo Microfinanzas
Elizabeth Tinoco, Fredy Otárola y Guy Ryder durante las sesionesdel encuentro regional de la OIT en la capital peruana(foto: Mintra) (Mundo Microfinanzas) La poco favorable evolución de la economía de América Latina y el Caribe en el segundo semestre de 2014 no impedirá que el desempleo urbano regional disminuya levemente este año a 6,0% o 6,1%, desde el 6,2% anotado en 2013, según la
MICROCAPITAL BRIEF: International Financial Organization (IFC) Syndicates Loans Totaling $60m to BBVA Paraguay to Fund Small, Medium-sized EnterprisesOctober 13, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, has announced that it will loan a total of USD 60 million to Banco Bilbao Vizcaya Argentaria Paraguay (BBVA Paraguay), a subsidiary of the Spanish financial services group BBVA. A loan of USD 40 million and a loan of USD 20 million will be disbursed with terms of five years under the ...
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Invest $8.5m in Microfinance Institutions (MFIs) in Azerbaijan, Cambodia, Ecuador, IndiaOctober 4, 2014 - 12:30am from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling approximately USD 8.5 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Azerbaijan, Cambodia, Ecuador, and India. Of the total, USD 3.3 million was disbursed to an MFI that was ...
MICROCAPITAL BRIEF: Argentina’s Banco Macro Launches “Alumbra” Business, Mortgage Loans for Micro-, Small Enterprises via Fundacion MacroOctober 2, 2014 - 3:46pm from MicroCapital
Banco Macro, a private bank in Argentina, recently announced that it has launched “Alumbra,” a lending vehicle for micro- and small enterprises. Alumbra, which will be operated by Fundacion Macro, Banco Macro’s charitable arm, will offer loans in amounts ranging from USD 250 to USD 6,000. Alumbra will be launched in Salta, one of Argentina’s poorest regions. It will use the microfinance banking software of Mambu, a Germany-based technology company that offers cloud-based banking ...
MICROCAPITAL BRIEF: Accion Acquires 10% Stake in Peruvian Microfinance Institution (MFI) Credinka from Diviso Grupo FinancieroOctober 1, 2014 - 11:22am from MicroCapital
Accion, a US-based nonprofit organization, recently announced the acquisition of a 10-percent stake in Credinka, a microfinance institution (MFI) based in the Peruvian city of Cusco, from Diviso Grupo Financiero, a financial group that has been listed on the Lima Stock Exchange since 2007. The investment, the price of which has not been specified, is intended to facilitate an increase in the number of clients of Credinka, with the goal of spurring it to become the largest rural MFI in ...