“The New Microfinance Handbook: A Financial Market System Perspective;” edited by Joanna Ledgerwood, Julie Earne and Candace Nelson; published by the World Bank Group; February 2013; 504 pages; available at: https://openknowledge.worldbank.org/handle/10986/12272
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MICROCAPITAL BRIEF: Asian Development Bank, Standard Chartered Bank Commit $150m to Microfinance in Asia
The Asian Development Bank (ADB), a multilateral finance institution based in the Philippines, reportedly has partnered with Standard Chartered Bank, a financial services company based in the United Kingdom, to increase access to financial services for poor people in Asia.
MICROCAPITAL BRIEF: Bridge Launches with $24m from Accion, Bamboo Finance, DEG, FMO, Paul Kocourek to Support Rural, Thrift Banks in the Philippines
Bridge, a financial services company that plans to provide “capability building services and capital” to rural and thrift banks that focus on low-income populations and micro- and small businesses in the Philippines, recently announced its launch with equity investments totaling USD 24 million from Accion, a US-based nonprofit organization; Bamboo Finance, a Luxembourg-based commercial investment firm; Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG), a German development finance institution; the Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden NV (FMO), a Dutch public-private development bank; and Mr Paul Kocourek, Bridge’s co-founder and chairman.
MICROCAPITAL BRIEF: Tamkeen, Family Bank of Bahrain to Double Portfolio of Microfinance Support Scheme to $5.2m
Tamkeen, an agency supporting the private sector that is backed by the government of Bahrain, and Family Bank, a nonprofit Bahraini microfinance bank, recently signed an agreement whereby Tamkeen will fund an increase of BHD 1 million (USD 2.6 million) in the portfolio of the Microfinance Support Scheme, a joint program of the two organizations that offers financing services to small and medium-sized enterprises (SMEs).
MICROFINANCE PAPER WRAP-UP: “2012 Asia Regional Snapshot”; by Amar Samarapally; published by Microfinance Information Exchange
By Amar Samarapally, published by Microfinance Information Exchange, February 2013, 19 pages, available at: http://www.themix.org/publications/mix-microfinance-world/2013/01/2012-eastern-europe-and-central-asia-regional-snapshot
This Microfinance Information Exchange (MIX) report reviews the performance of microfinance institutions (MFIs) during 2011 in two of the six world regions designated by MIX: East Asia and the Pacific (EAP) and South Asia.
MICROCAPITAL BRIEF: SKS Microfinance Completes $11.6m Securitization, Its Eighth in a Year
SKS Microfinance, a for-profit Indian microfinance institution (MFI), reportedly has securitized receivables worth INR 630 million (USD 11.6 million) and sold the package to an undisclosed bank.
MICROCAPITAL BRIEF: SKS Microfinance Fined $92k for Collecting Improper Fees as Agent of Bajaj Allianz Life Insurance
The Insurance Regulatory and Development Authority (IRDA), the insurance regulator of India, recently issued Indian microfinance institution (MFI) SKS Microfinance a fine of INR 5 million (USD 91,800) for collecting corporate insurance agent fees beyond the premium price.
MICROCAPITAL BRIEF: SKS Microfinance May Challenge Andhra Pradesh Ruling in Supreme Court
In response to the February 2013 ruling from the High Court of the Indian state of Andhra Pradesh that upheld the Andhra Pradesh Microfinance Institution Act, 2010, SKS Microfinance, an Indian for-profit microfinance institution, and other unspecified microlenders reportedly may challenge the decision in the Country’s Supreme Court.
MICROCAPITAL BRIEF: MNepal Launches Mobile Money Platform in Nepal
MNepal, a Nepalese firm, reportedly has launched a mobile financial services platform offering the following products: mobile banking, mobile wallet functions, remittances and payments.
MICROFINANCE PAPER WRAP-UP: “Microinsurance Product Development for Microinsurance Providers;” by Michael J. McCord; published by Microfinance Centre, Microinsurance Centre, International Fund for Agricultural Development
By Michael J. McCord; published by the Microfinance Centre for Central and Eastern Europe and the New Independent States, the Microinsurance Centre and the International Fund for Agricultural Development (IFAD); 2012; 124 pages; available at: http://www.ifad.org/ruralfinance/wrmf/manual.pdf
In this manual, Mr. McCord proposes a “systematic new-product development process” for the microinsurance market.
MICROFINANCE PAPER WRAP-UP: “2012 Eastern Europe and Central Asia Regional Snapshot”; by Ralitsa Sapundzhieva and Agharazi Babayev; published by Microfinance Information Exchange
By Ralitsa Sapundzhieva and Agharazi Babayev, published by Microfinance Information Exchange, January 2013, 27 pages, available at: http://www.themix.org/publications/mix-microfinance-world/2013/01/2012-eastern-europe-and-central-asia-regional-snapshot
This Microfinance Information Exchange (MIX) report reviews the performance of microfinance institutions (MFIs) in Eastern Europe and Central Asia (ECA).
MICROFINANCE PUBLICATION ROUND-UP: Banking on Change Partnership for Financial Inclusion in Africa; Findings on Financial Inclusion in Nigeria; Snapshot of Microfinance in Latin America and the Caribbean
“Banking on Change: Breaking the Barriers to Financial Inclusion;” published by Plan UK, Barclays and Care International UK; January 2013; 28 pages; available at: http://www.careinternational.org.uk/research-centre/microfinance/251-banking-on-change-breaking-barriers-to-financial-inclusion
MICROCAPITAL BRIEF: Airtel Mobile Money Service Expands to Post Offices in Madagascar
Airtel, an Indian telecommunications company, reportedly has extended its mobile banking service, Airtel Money, in Madagascar by making the service available in 170 post offices in the country.
MICROFINANCE PAPER WRAP-UP: “Microfinance in Myanmar Sector Assessment”; by Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen; published by CGAP (Consultative Group to Assist the Poor), International Finance Corporation
By Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen, published by CGAP (Consultative Group to Assist the Poor) and International Finance Corporation, January 2013, 43 pages, available at: http://www1.ifc.org/wps/wcm/connect/d87bf8804e5aba9bad7dadfce4951bf6/Microfinance+in+Myanmar+Sector+Assessment-Final.pdf?MOD=AJPERES
This joint CGAP (Consultative Group to Assist the Poor) and International Finance Corporation (IFC) report reviews the current state of Myanmar’s microfinance sector and the challenges involved with its future development.
MICROFINANCE PAPER WRAP-UP: “Vulnerability: The State of the Microcredit Summit Campaign Report, 2013;” by Larry R. Reed; Published by the Microcredit Summit Campaign; 48 Pages
By Larry R. Reed; published by the Microcredit Summit Campaign; 2013; 48 pages; available at: http://stateofthecampaign.org/multimedia/print-version/
This report is the latest iteration of an annual assessment issued by the Microcredit Summit Campaign, a project launched in 1997 by the Results Educational Fund (REF), a US-based nonprofit that seeks to reduce poverty. The report indicates that the number of people living in extreme poverty with access to financial services has declined from 138 million in 2010 to 125 million in 2011, the first decrease since the organization began compiling the report in 1998.
MICROCAPITAL BRIEF: Indonesia’s Excelcomindo Axiata Launches International Remittance Service
Excelcomindo (XL) Axiata, an Indonesian telecommunications subsidiary of Malaysia-based Axiata Group, reportedly has launched its “XL Tunai International Remittance” service, allowing customers to receive money transfers from 110 countries via text messages, a method known as short messages service (SMS).
MICROFINANCE EVENT: Women’s World Banking (WWB) Presents “Pacific Forum 2013: Building Microfinance,” February 28 – March 1, 2013, Auckland, New Zealand
Event Name: Women’s World Banking (WWB) Pacific Forum 2013 “Building Sustainable Microfinance: The Global-Local Experience”
Event Date: February 28 – March 1, 2013
Even Location: Pullman Hotel, Auckland, New Zealand
MICROCAPITAL BRIEF: Smart Campaign Launches Certification of Microfinance Institutions Regarding Client Protection
The Smart Campaign, a consumer-protection initiative launched in 2010 by US-based nonprofit Accion, recently released a Client Protection Certification Program that aims to verify that financial institutions serving the world’s poor people are focused on the fair treatment of clients.