Countries & RegionsMicrofinance in Romania:
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May 22, 2012 - 5:01am
from MicroCapital
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in England, recently launched a EUR 35 million (USD 44.7 million) program called the Moldovan Residential Energy Efficiency Financing Facility (MoREEFF) to assist Moldovan households in reducing household energy usage and costs. Funds will be made available to local banks, such as Banca Comerciala Romana (BCR) Chisinau, a subsidiary of BCR Romania, that will receive the first ...
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May 4, 2012 - 2:22pm
from MicroCapital
The Korean Ministry of Strategy and Finance (MOSF) has signed an agreement with the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, to provide USD 1 million to support programs for small and medium-sized enterprises (SMEs) in emerging markets. The funds will be used to support forums for SMEs and to fund grants to encourage new financing models and best practices for SMEs. No timeframe for the disbursal of the funds has been ...
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May 1, 2012 - 2:24pm
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has provided a loan of EUR 12.5 million (USD 16.5 million) to agriculture-based financial institution Agricover Credit IFN to increase lending to farmers in Romania and promote modernization in the industry. The funds are also expected to increase Agricover’s lending for capital investments. A timeframe for the project was not specified, nor was the expected number of farmers who would ...
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April 19, 2012 - 5:05am
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and Wells Fargo, an American financial services provider, recently teamed up to launch a USD 200 million, five-year risk-sharing facility to support the trade financing needs of banks in emerging countries with the aim to propel economic growth and job creation. Half of the portfolio is set to target banks in the Middle East and North Africa.
The facility will operate through IFC’s ...
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April 16, 2012 - 5:03am
from MicroCapital
The European Investment Bank (EIB), the investment body of the European Union, has launched the East African Community Microfinance Facility, a EUR 50 million (USD 65.4 million) loan program to “encourage job creation and increase access to long-term funding for micro and small enterprises” in East Africa. The investment facility will provide banks and microfinance institutions (MFIs) local-currency funding, technical assistance and training. Two Kenya-based lenders, Faulu Kenya Deposit ...
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April 13, 2012 - 2:20pm
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 10 million (USD 13.1 million) to Macedonia’s Ohridska Banka “to increase access to finance for small and medium enterprises and boost economic recovery in the country.” The senior loan is part of IFC’s strategies to support recovery from the global financial crisis and increase lending to small and medium-sized enterprises (SMEs) [1].
For the year 2010, Ohridska Banka ...
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April 9, 2012 - 2:43pm
from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced it will be lending USD 75 million to India’s Yes Bank, a commercial bank headquartered in Mumbai, to support its on-lending activities to small and medium-sized enterprises and agricultural clients.
The loan will be in the form of a subordinated bond, and is expected to benefit approximately 350,000 enterprises.
Dr Rana Kapoor, Managing Director & CEO of ...
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March 29, 2012 - 6:05pm
from MicroCapital
In a recent story on New Economic Perspectives, a website offering policy advice and economic analysis, William K Black comments on David Roodman’s article in the Washington Post, “Microcredit doesn’t end poverty, despite all the hype,” which was published on March 11, 2012. Mr Black expands Roodman’s points by analyzing the Bosnian microfinance market through the lens of the research paper published in January 2012, “Bosnia’s Microfinance Meltdown.” The paper by Milford Bateman, Dean ...
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March 18, 2012 - 1:53am
from MicroCapital
The Kyrgyz National Bank, the central bank of Kyrgyzstan, reportedly has stated that the microfinance sector in the country is overheating [1]. As the government-reported aggregate credit portfolio of the industry grew to UZS 15.7 billion (USD 85.4 million) in 2011, “growth of excessive indebtedness is observed with it” [1]. This is despite regulations that have been passed with the intent of providing borrowers with “transparent pricing and the effective interest rate, as well as the ...
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March 13, 2012 - 1:24pm
from Universal Postal Union blog
More than 100 million of the 370 million inhabitants in Central and Eastern Europe and Central Asia are un(der)banked. This includes many of the 60 million poor and a part of the 150 million economically vulnerable people. Ratios of unbanked people vary from an average 25% in Central Europe to more than 80% in Central Asia. Especially, rural areas are underserved. With 110,000 post offices in the region and more than 75,000 of them in rural and peri-urban areas, postal networks present a ...
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February 25, 2012 - 4:23pm
from MicroCapital
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that funds it manages have disbursed loans totaling USD 4.5 million to microfinance institutions (MFIs) in Romania, Bosnia and Herzegovina, and the Kyrgyz Republic. ProCredit Bank Romania received USD 1.97 million from responsAbility Mikrofinanz-Fonds (rAMF). Bosnia and Herzegovina’s Mikrofin received USD 983,550 from responsAbility Global Microfinance Fund (rAGMF). The Kyrgyz Republic’s ...
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January 24, 2012 - 6:18pm
from MicroCapital
FINCA Zambia Limited, a Zambian microfinance institution (MFI) affiliated with US-based nonprofit FINCA International, plans to reduce its effective lending rates in 2012 by 20 percent after having experienced a repayment rate of 97 percent during the 2011 fiscal period. FINCA Zambia has begun calculating interest charges based on the declining balance of clients’ loans, replacing a “flat” interest rate policy whereby clients pay interest on the full loan amount throughout the loan ...
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January 18, 2012 - 5:03am
from MicroCapital
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 4 million to Cambodian financial institutions ACLEDA Bank and Hattha Kaksekar Limited (HKL). ACLEDA Bank received USD 1 million each from three microfinance investment vehicles (MIVs) managed by responsAbility: responsAbility Microfinance Leaders Fund (rAMLF), responsAbility Global Microfinance Fund (rAGMF) and responsAbility Mikrofinanz-Fonds ...
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December 9, 2011 - 5:03am
from MicroCapital
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 6.2 million to financial institutions Mutual Alajuela of Costa Rica, Cooperativa Mixta Mujeres Unidas Limitada (COMIXMUL) of Honduras and Lift Above Poverty Organisation (LAPO) of Nigeria. Mutual Alajuela received USD 4 million disbursed through three microfinance investment vehicles (MIVs) managed by responsAbility: USD 1 million from ...
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August 12, 2011 - 1:18pm
from Microfinance Nigeria
Oikocredit Press Release
WASHINGTON, DC – On Saturday, August 27th, 4:30 to 7pm, Oikocredit USA and Empowered Women International are teaming up to celebrate Women’s Equality Day (August 26) by presenting their work to empower women and expand their participation in the marketplace and the public sphere through microfinance and entrepreneurship. The event is free of charge, and will take place at Convergence at 1801 N. Quaker Lane, Alexandria, VA ...
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August 12, 2011 - 1:16pm
from Microfinance Africa
Oikocredit Press Release
WASHINGTON, DC – On Saturday, August 27th, 4:30 to 7pm, Oikocredit USA and Empowered Women International are teaming up to celebrate Women’s Equality Day (August 26) by presenting their work to empower women and expand their participation in the marketplace and the public sphere through microfinance and entrepreneurship. The event is free of charge, and will take place at Convergence at 1801 N. Quaker Lane, Alexandria, ...
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July 15, 2011 - 12:27pm
from Microfinance Nigeria
AlHuda Centre of Islamic Banking & Economics Press Release
An International Seminar on Financial Inclusion for Central Asia, the Caucasus, and South Asia organized by Asian Development Bank Institute-Japan, APEC Business Advisory Council -China, & Asia-Pacific Finance and Development Center from 12th – 14th July, 11, concluded days today in Urumqi, Peoples Republic of China. Delegate from China, Japan, Pakistan, Bangladesh, India, Malaysia, ...
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July 15, 2011 - 12:25pm
from Microfinance Africa
AlHuda Centre of Islamic Banking & Economics Press Release
An International Seminar on Financial Inclusion for Central Asia, the Caucasus, and South Asia organized by Asian Development Bank Institute-Japan, APEC Business Advisory Council -China, & Asia-Pacific Finance and Development Center from 12th – 14th July, 11, concluded days today in Urumqi, Peoples Republic of China. Delegate from China, Japan, Pakistan, Bangladesh, India, Malaysia, ...
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July 11, 2011 - 9:06am
from Global development: Poverty matters blog | guardian.co.uk
Human rights are universal. Few people would deny that everyone should be healthy and well fed, treated equally, and able to live in an environmentally sustainable way.Similarly, regardless of political or religious allegiance, few would disagree that current population growth levels in many countries across Africa and Asia are ...
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June 29, 2011 - 2:33pm
from Global development: Poverty matters blog | guardian.co.uk
Some 70% of households in eastern Europe and central Asia said they had to cut back spending on basic foods and healthcare because of the global economic crisis, according to a report published on Wednesday.The
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