Countries & Regions

Microfinance in kyrgyzstan:

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 ...
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 ...
April 19, 2012 - 2:33pm from Kiva.org
Kiva is full of stories to share: stories of borrowers and lenders, of volunteers, fellows and field partners. And we know that you have stories to share with us!Here at Kiva, we are constantly looking for new ways to share our stories with you and to allow you to do the same. We love using
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 ...
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 ...
February 29, 2012 - 2:34pm from MicroCapital
Rural Impulse Fund II, a Belgian microfinance investment vehicle managed by Incofin Investment Management; MicroVest II, a US-based equity fund managed by MicroVest Capital Management and ASN-Novib fund, a Dutch microfinance investment vehicle managed by Triple Jump, have taken stakes totaling 45 – percent ownership in Arnur Credit, a microfinance institution (MFI) based in Kazakhstan. The breakdown of the shareholding among the three investors has not been disclosed. The remaining shares ...
February 27, 2012 - 6:33pm from MicroCapital
“Competition, Loan Rates and Information Dispersion in Microcredit Markets” by G. Baquero, Malika Hamadi, and Andréas Heinen; published by the European School of Management and Technology; November 21, 2011; 58 pages; available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2006485& This paper compares both nonprofit and for-profit microcredit providers to investigate what effect ...
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 ...
February 9, 2012 - 7:22pm from MicroCapital
By the Economist Intelligence Unit, funded by The Multilateral Investment Fund, Corporación Andina de Fomento and the International Finance Corporation, October 2011, 72 pages, available at: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=36453519. This paper examines the microfinance business environments in 55 countries, ...
February 5, 2012 - 6:25am from MicroCapital
Event Name: Global Microfinance Forum 2012 Event Date: April 12 – April 13, 2012 Event Location: Istanbul, Turkey See Our Comprehensive Event Calendar at: http://microfinanceassociation.ning.com/events Cost: The fee to attend is EUR 990 plus 19 percent tax. Summary of Event: This conference brings together representatives of fund managers, microfinance institutions, development agencies and social investors to discuss topics such as assessing the ...
February 3, 2012 - 2:29pm from MIX Recent Features
MIX Microfinance World Date:  Feb, 2012 Author(s):  Ralitsa Sapundzhieva, Agharazi Babayev and Olga Tomilova Learn about the performance of microfinance institutions (MFIs) in Eastern Europe and Central Asia in 2010 and 2011 (for select markets). The following graphs and tables:  ...
January 26, 2012 - 10:12pm from MicroCapital
Rural Impulse Fund II, which is managed by Belgium’s Incofin Investment Management, and Triple Jump’s ASN-Novib Microkredietfonds, have acquired an equity stake in Azercredit, an Azerbaijani microfinance institution (MFI) with a rural focus. While the amounts paid and the sizes taken have not been made public, Incofin IM and Triple Jump will have seats in Azercredit’s board of directors. Azercredit was initially created in 1996 as a program of World Vision, a US-based worldwide ...
January 23, 2012 - 12:11pm from CGAP Microfinance Blog
The year 2011 was not particularly easy for microfinance institutions (MFIs) in Eastern Europe and Central Asia (ECA).  Though overall many managed to overcome crisis, many MFIs have not yet returned to their pre-crisis growth rates, and delinquency levels were still higher last year than in 2007. One of the issues commonly faced ...
January 17, 2012 - 6:23pm from Morocco Microfinance Blog
Jan. 16Myanmar: UK to Up Support For Credit ProgramThe United Kingdom’s Department for International Development will provide an additional £10 million (US$15 million) for microfinance projects, a spokesperson said last week.Source: Myanmar Times Jan. 15India: Can India’s MFI Industry be Saved?The government and RBI must draw an MFI survival strategy before it’s too late. We need them at least till such time the banks are ready ...
December 23, 2011 - 9:41am from Global development: Poverty matters blog | guardian.co.uk
As part of its EU presidency, Poland played host to last week's EU DevDays. Next month the country's new development co-operation act comes ...
December 22, 2011 - 6:58pm from Microfinance Focus
Microfinance Focus, December 23, 2011: International Finance Corporation (IFC) may lend a $4 million senior loan to CJSC FINCA MicroCredit Company (FMCC), a microfinance company in Kyrgyz Republic. Proceeds of the loan will be used to finance the expansion of its lending to micro and small entrepreneurs under the project “Finca Kyrgyz 2”. The loan will be extended either in US Dollar or Kyrgyz Som.
December 22, 2011 - 2:59pm from MicroCapital
Mol Bulak Finance, a microfinance institution (MFI) in the Kyrgyz Republic, will receive a syndicated loan in local currency equivalent to USD 9 million arranged by the European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London [1]. EBRD will provide USD 3 million of the principal while the Netherlands Development Finance Company (FMO in Dutch), a public-private partnership, will provide USD 6 million. The loan has been arranged ...
December 21, 2011 - 10:00am from MicroCapital
The European Bank for Reconstruction and Development (EBRD), an international financial institution headquartered in London, recently announced that it has committed to loan the equivalent of USD 4 million in the local currency, somoni, to First MicroFinance Bank (FMFB-TJK), a microfinance bank in Tajikistan that is affiliated with the Switzerland-based Aga Khan Development Network (AKDN) [1]. FMFB-TJK is the fourth financial institution to join EBRD’s Local Currency Lending Programme in ...
December 20, 2011 - 9:33pm from Morocco Microfinance Blog
Dec. 20India: Microfinance Lenders Can Now Borrow Up To $10M From AbroadThe Indian central bank has eased ...
December 14, 2011 - 5:03am from MicroCapital
Belgian company Incofin Investment Management (Incofin IM) has disbursed loans through microfinance investment funds it manages to four microfinance institutions (MFIs): USD 3 million to Vision Banco of Paraguay, USD 1 million to Lazika Capital of Georgia, USD 1 million to Credit Mongol LLC of Mongolia and USD 1 million to Forus Bank of Russia [1, 2, 3, 4]. The loans to Vision Banco and Forus Bank were disbursed through VDK MFI Loan Portfolio, while the loan to Lazika Capital was made ...

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