Asia’s Top Country on Financial Inclusion Policy, the Philippines, Strengthens Its Microfinance MarketDecember 12, 2014 - 4:08pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI #109419838 / gettyimages.com Last week the Bangko Sentral ng Pilipinas (BSP) announced substantial increases throughout the country’s microfinance market: growth in the volume of ...
MICROCAPITAL BRIEF: International Financial Organization (IFC) to Provide $18m to Peru-based La Positiva Seguros Generales through Convertible Subordinated Loan to Expand Insurance to Poor PeopleDecember 11, 2014 - 1:50am from MicroCapital
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it will provide USD 18 million to La Positva Seguros Generales, a Peru-based insurance company, through a convertible subordinated loan to expand the availability of insurance to disadvantaged populations within Peru. La Positiva Seguros Generales ...
0December 10, 2014 - 6:06pm from Innovations for Poverty Action Blog
Laura Burke Development policy should be redesigned to reflect new insights about human behavior, according to a new World Bank report. The report calls on the development community to shift its agenda based on new insights in behavioral economics, and supports this proposal with findings from numerous IPA evaluations, including our work on commitment devices, reminders, and peer networks. “Development economics and policy are due for a redesign,” according to World ...
0December 9, 2014 - 1:25pm from Microfinance Africa
The Economist Intelligence Unit (EIU) names the Philippines as the top country in East and South Asia and the third in the world, with the most conducive environment for financial inclusion. In EIU’s maiden edition of the “Global Microscope on the Enabling Environment for Financial Inclusion”, the Philippines together with 54 other countries around the world, were assessed using 12 indicators that measure government support for financial inclusion; regulatory and supervisory ...
MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Invest $11m in Microfinance Institutions in Cambodia, Costa Rica, Ecuador, Kyrgyzstan, Mexico, IndiaDecember 8, 2014 - 7:26pm 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 11 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 Cambodia, Costa Rica, Ecuador, Kyrgyzstan, Mexico and India. Of the total, USD 1 million was disbursed to an ...
MICROCAPITAL BRIEF: FairTrade Access Fund (FAF) Issues Trade Finance Loan worth $931k to Ecookim of Cote D’IvoireNovember 26, 2014 - 5:20am from MicroCapital
FairTrade Access Fund (FAF), an affiliate of German NGO Fairtrade International that provides loans to farmers in developing countries, recently announced that it has issued a trade finance loan of EUR 750,000 (USD 931,000) to Ecookim, a union of cooperatives based in Cote d’Ivoire, to support the purchase of cocoa beans from 3,700 local suppliers in Central and Western Cote d’Ivoire. The loan is expected to increase Ecookim’s production and exports of fairtrade cocoa as well as to ...
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 ...