Countries & RegionsMicrofinance in Tajikistan:
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May 18, 2012 - 12:47pm
from MicroCapital
The government of Angola reportedly has announced it plans to spend an amount approximately equivalent to USD 850 million during 2012 to facilitate access to credit for enterprises – including microenterprises – in the country. Licinio Vax Contreiras, advisor to Angola’s Economy Minister, reportedly said that the minister has chosen 14 unnamed banks to distribute the money. Mr Contreiras added that the government has created a policy that will help banks increase the speed at which they ...
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May 18, 2012 - 9:22am
from Microfinance Gateway News & Opinion
Luxembourg: "ALFI: clarified definition needed for Responsible Investing Fund"
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May 16, 2012 - 10:00am
from Global development: Poverty matters blog | guardian.co.uk
Years after debt campaigners succeeded in persuading the International Monetary Fund (IMF), World Bank and G8 to abolish debts worth billions of dollars owed by developing countries, figures show total external debts are once again on the increase.Data in the World Bank's
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May 15, 2012 - 4:03pm
from Private Sector Development Blog
Economists usually enjoy working on economic data and writing up reports. But Sudharshan Canagarajah also likes giving conventional economic thinking a nudge — in this case, on migration.
As the World Bank’s Lead Economist for Tajikistan, Sudharshan noticed that Tajiks were on the move. In response to the country’s various crises, they sought new opportunities, mainly in Russia. They had no support from government, and little ...
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May 14, 2012 - 1:19pm
from MicroCapital
National Insurance Timor-Leste (NITL), an insurance company in the Democratic Republic of Timor-Leste, has partnered with local microfinance institutions (MFIs) Tuba Rai Metin and Moris Rasik to introduce regulated microinsurance products in the country. NITL will underwrite the products, which will be distributed by Tuba Rai Metin and Moris Rasik to their clients. The first two products, “Credit Life Plus,” which was launched in April, and “Asuransi Protesaun ba Familia,” launched in ...
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May 3, 2012 - 10:00am
from CGAP Technology Blog
This is the fifth and final post in our series on remittances and branchless banking. You can read the first four posts here. So far, we have highlighted the emerging success factors and challenges featured in our 2012 landscaping exercise. Paolo Baltao from Globe’s GCASH shared with us the lessons learned over a period of eight years during which time he led one of the first ...
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April 30, 2012 - 5:05am
from MicroCapital
Microfinance institution (MFI) AccessBank of Azerbaijan, an affiliate of Germany’s Access Microfinance Holding AG (AccessHolding), recently announced the implementation of a new service allowing customers to make loan payments by telephone. Customers who use one of the bank’s plastic debit cards can now transfer funds from their cards towards debt repayment via AccessBank’s call center.
Mr Andrew Pospielovsky, general manager of AccessBank said “AccessBank continuously tries to ...
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April 27, 2012 - 5:05am
from MicroCapital
The Grameen Credit Agricole Microfinance Foundation (GCAMF), which was founded in Luxembourg by French bank Credit Agricole and Grameen Trust of Bangladesh, has reported to MicroCapital that it has issued a loan of USD 1.25 million with a three-year term and a one-year grace period to Hattha Kaksekar Limited (HKL), a Cambodian microfinance institution (MFI). HKL was GCAMF’s first partner in Cambodia and GCAMF currently does business with two other MFIs in Cambodia. HKL’s gross loan ...
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April 23, 2012 - 6:32pm
from Kiva.org
“My hope is that each day before I go to bed, I play a small part in improving the lives of five strangers somewhere around the globe.” City: Oak Bluffs, MA Language: English Team: Only the Loanly Time with Kiva: Since August 2011 Outstanding ...
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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 - 5:02pm
from MicroCapital
During 2011, Constanta Bank, a provider of microfinance services to micro- and small businesses in Georgia, witnessed a 77-percent growth in assets, a 71-percent growth in its credit portfolio and an 89-percent growth in the amount of loans issued relative to the previous year [1]. Constanta has increased its number of branches from 21 to 30 during the first quarter of 2012 and plans to open an additional 15 before the end of the year.
Within the last year, Constanta has rolled out ...
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April 10, 2012 - 10:00am
from CGAP Technology Blog
This is the fourth post in a series on remittances. The previous blog in this series discussed the scale of the remittance flows between Russia and Tajikistan and the huge potential for linking them with other financial ...
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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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April 3, 2012 - 10:00am
from CGAP Technology Blog
This is the third post in a series on remittances. Stefan Staschen works regularly as a consultant for CGAP’s Government and Policy Team and is an Associate with Bankable Frontier Associates.
Tajik migrants, courtesy of Stefan ...
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March 23, 2012 - 5:39am
from MicroCapital
AccessBank, an Azerbaijan-based microfinance institution (MFI), recently announced that it has increased its share capital by 25 percent from AZN 67.8 million (USD 86 million) to AZN 85 million (USD 108 million). The increase is a result of the capitalization of a small amount of retained earnings from 2011 and an increase in the value of AccessBank shares from AZN 3.39 (USD 4.31) to AZN 4.25 (USD 5.41). The number of shares remains at 20 million, and their distribution among AccessBank’s ...
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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 15, 2012 - 2:06am
from MicroCapital
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has invested USD 1.5 million in Georgia’s Constanta and USD 2.5 million in Tajikistan’s Bank Eskhata. Constanta borrowed USD 750,000 each from two microfinance investment vehicles – the responsAbility Global Microfinance Fund (rAGMF) and responsAbility Mikrofinanz-Fonds (rAMF) while Eskhata borrowed USD 2.5 million from rAGMF.
Constanta has been working in Georgia since 1997, providing ...
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March 5, 2012 - 1:01pm
from Google news - microfinance
MICROCAPITAL BRIEF: European Union Funds International Finance Corporation ...Lessors Network (press release)The International Finance Corporation (IFC), a member of the World Bank Group that supports ...
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March 2, 2012 - 5:03am
from MicroCapital
Azerbaijani microfinance institution AccessBank has announced that it will be offering insurance policies for vehicle owners. The service was established in connection with a new law in the Azerbaijan Republic regarding mandatory insurance of vehicle owners’ third-party liability. The policies will be offered through three undisclosed insurance companies in the country. Depending on the vehicles’ engine size, the cost of insurance may range from AZN 50 (USD 64) to AZN 250 (USD 318) for ...
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February 3, 2012 - 5:50pm
from Global development: Poverty matters blog | guardian.co.uk
Following the dramatic new figures on malaria deaths from the Institute of Health Metrics and Evaluation (IHME) in Seattle, which I wrote about
