MICROCAPITAL STORY: Review of the 2008 Global Microfinance Investment Congress in New York Sponsored by Standard Chartered Bank and Presented by PlaNet Finance

Taking place in New York from May 14 to 16, the Global Microfinance Investment Congress brought together delegates from microfinance institutions (MFIs), microfinance investment vehicles (MIVs), commercial banks, financial institutions, and government agencies. While the congress tackled microfinance investments and the industry’s future, this article will summarize a few themes addressed during the presentations and panels.

MICROFINANCE EVENT: Asia-Pacific Regional Microcredit Summit 2008 Hosted by Microcredit Summit Campaign and Gema PKM

ASIA-PACIFIC REGIONAL MICROCREDIT SUMMIT 2008

JULY 28-30, 2008, BALI, INDONESIA

The Asia-Pacific Regional Microcredit Summit 2008 (APRMS) is the 12th conference in a series of global and regional summits by the Microcredit Summit Campaign (MSC). In plenary sessions, APRMS will discuss 4 commission papers and present tow Institution Action Plans. The Summit will also feature 3 sets of workshop sessions, a 5-day course on a variety of subjects, and 12 sessions organized by delegates.

MICROFINANCE EVENT: Anne Hastings of Fonkoze, Haiti’s Largest Microfinance Insitution, to Appear at Joint Microfinance Club of New York and Women Advancing Microfinance Event

ACCOMPANYING THE POOREST OUT OF POVERTY: THE EFFECT OF THE GLOBAL FOOD CRISIS

MAY 21, 2008, NEW YORK, UNITED STATES

The Microfinance Club of New York (MFCNY) and Women Advancing Microfinance (WAM) present an evening with Anne Hastings, Executive Director of Fonkoze, Haiti’s largest microfinance institution. Under her leadership, Fonkoze has grown from 2 volunteer employees to over 560 full-time employees. The institution now has 30 branches throughout rural Haiti, with over 120,000 clients, more than 45,000 of whom have microcredit loans.

MICROCAPITAL STORY: ACCION International President, Maria Otero, Awarded Ellis Island Medal of Honor for Pioneering Work in Microfinance

ACCION International President and CEO, Maria Otero, was awarded the Ellis Island Medal of Honor by the The National Ethnic Coalition of Organizations (NECO) in recognition of her contribution to sustainable development in the global microfinance sector.

MICROCAPITAL STORY: PlaNet Finance United Arab Emirates (PlaNet Finance UAE) Holds Golf Tournament Promoting Awareness about Microfinance amongst International Financial Firms

PlaNet Finance United Arab Emirates (PlaNet Finance UAE), a branch of the global non-governmental organization (NGO) which provides technical assistance and consulting to microfinance institutions (MFIs) in close to 60 countries, held a golf tournament entitled “Tee Off Against Poverty” on April 23rd at the Wadi by Faldo course of the Emirates Golf Club (EGC) in Dubai in an effort to increase awareness about microfinance amongst international financial firms and other global corporations, according to a press release on ArabianBusiness.com.

MICROCAPITAL EVENT: Social Capital Markets 2008 (SoCap08) to Include Microfinance

Social Capital Markets 2008: Where Investors & Entrepreneurs Converge

October 13-16, 2008, Fort Mason Center, San Francisco, California

The creators of xigi.net, an interactive database containing “information about people, organizations and investment offerings in social enterprise, microfinance, housing, fair trade, cleantech, nonprofit facilities and many other sectors,” will hold an event titled “Social Capital Markets 2008” (SoCap08) to gather social entrepreneurs, investors, and organizations to discuss and learn about pertinent issues to the nascent social capital industry. As the conference web site states, microfinance will be directly addressed during the event and the agenda will include speakers from the global microfinance constituency. Additionally, SoCap08 will be comprised of entrepreneur-focused tracks and investor-focused tracks, the latter of which will include “Microfinance Investing.”

MICROCAPITAL EVENT: 2008 African Development Bank Annual Meeting

The 43rd Annual Meeting of the Board of Governors of the African Development Bank (ADB) and the 34th Annual Meeting of the Board of Governors of the The African Development Fund (ADF)  will be held on May 14-15 at the Joaquim Chissano International Conference Center in Maputo, Mozambique. The meetings will focus on the following theme: “Fostering Shared Growth: Urbanization, Inequality, and Poverty”.

MICROCAPITAL EVENT: 2008 World Business and Development Awards, for Which Microfinance Institutions (MFIs) are Eligible, Currently Accepting Nominations

WORLD BUSINESS AND DEVELOPMENT AWARDS

SEPTEMBER 24, 2008, NEW YORK

The International Chamber of Commerce (ICC), an institution promoting trade and investment across borders since 1919, announced on April 16th through a press release that the bi-annual World Business and Development Awards (WBDA) are now accepting nominations for the 2008 competition. The awards will recognize private sector institutions which support the United Nations Development Programme (UNDP) Millennium Development Goals (MDGs), one of which is the eradication of extreme poverty, the primary social motive for many microfinance institutions (MFIs).

MICROFINANCE EVENT: Women Advancing Microfinance Hosts Remittance Dialogue in New York

WAM-NY MICROFINANCE DISCUSSION SERIES: THE IMPACT OF REMITTANCE PRODUCTS

APRIL 24, 2008, NEW YORK, UNITED STATES

Women Advancing Microfinance-New York (WAM-NY) is hosting this dialogue about remittances and their impact on microfinance. A bibliography and recent research on the topic will be shared with participants. This workshop is in preparation for a larger conference on remittances that WAM-NY will be co-hosting this fall.

MICROCAPITAL EVENT: The Inter-American Development Bank (IDB) Multilateral Investment Fund (MIF) and Women’s World Banking (WWB) to Hold Seminar on Microfinance in Buenos Aires

MICROFINANCE: TOWARDS THE INCLUSION OF ALL

APRIL 22, 2008 HOTEL PANAMERICANO, BUENOS AIRES, ARGENTINA

The Inter-American Development Bank’s Multilateral Investment Fund and Women’s World Banking (WWB), a global network of microfinance institutions, will hold a seminar on commercial banks’ entry into microfinance titled “Microfinance: Towards the Inclusion of All,” on April 22 at the Hotel Panamericano in Buenos Aires, Argentina. The seminar will be held in collaboration with the Latin American Federation of Banks, a non-profit institution of 600 financial institutions from 19 countries for the economic development and integration of Latin American countries.

MICROCAPITAL STORY: CGAP Working Group on Housing Finance for the Poor Solicits Feedback, Will Change Host from Habitat.org to CGAP.org

The Consultative Group to Assist the Poor (CGAP) invites you to take a survey regarding the website of its Working Group on Housing Finance for the Poor. The effort is part of a plan to relocate the site from Habitat.org to CGAP.org in the coming months. Three respondents will each be rewarded with a copy of “Housing Microfinance: A Guide to Practice” by Franck Daphnis and Bruce Ferguson. Questions on the survey may be directed to jflewelling@habitat.org.

MICROFINANCE EVENT: USAID, MicroFinance Network, Consultative Group to Assist the Poor (CGAP) to Host Online Discussion of Microfinance Institution Staff Incentive Schemes

US AGENCY FOR INTERNATIONAL DEVELOPMENT SPEAKER’S CORNER ON STAFF INCENTIVES

APRIL 15-17, 2008, VIA INTERNET

This an online and email-based discussion of best practices in staff incentive schemes (SIS), which can play a key role in microfinance institutions’ (MFIs’) human resources strategies. A worldwide survey on the use of staff incentives conducted by the MicroFinance Network (MFN) and the Consultative Group to Assist the Poor (CGAP) will be discussed. Co-hosted by the MFN and CGAP, the discussion will be moderated by Mattias Grammling, Martin Holtmann and Martha Ottenbacher. Different topics will be discussed each day:

MICROCAPITAL STORY: Munich Re Foundation and Consultative Group to Assist the Poor (CGAP) Seek Proposals by May 15 for November 2008 Microinsurance Conference in Colombia

The fourth international Microinsurance Conference will be held from November 5-7, 2008, in Cartagena, Colombia. This event is jointly hosted by the Consultative Group to Assist the Poor (CGAP) Working Group on Microinsurance and the Munich Re Foundation, with support provided by Columbian insurer Fasecolda and Federación Interamericana de Empresas de Seguros (FIDES).

MICROFINANCE EVENT: Center for Financial Services Innovation (CFSI) to Present Third Annual Underbanked Financial Services Forum in Miami in June 2008

THIRD ANNUAL UNDERBANKED FINANCIAL SERVICES FORUM

JUNE 8-10, 2008, MIAMI, UNITED STATES

The Center for Financial Services Innovation is organizing the Third Annual Underbanked Financial Services Forum on June 8-10 in Miami, Florida, at the Doral Resort and Spa. Session tracks will include: marketing and distribution, products and pathways and risk management.