The Overseas Private Investment Corporation (OPIC), a US government agency that works with private-sector firms in the US to invest in emerging markets, has selected GATE (Global Alternative Trading Engine) Impact, a New York-based financial services company, to establish the Impact Investment Platform for the Enterprise Development Network, an OPIC effort intended to help finance and otherwise support small and medium-sized enterprises (SMEs) doing business in emerging markets overseas.
Search Results for: India
MICROCAPITAL BRIEF: ResponsAbility Invests $6.3m in Financiera Crear of Peru, Ecofuturo of Bolivia
ResponsAbility Social Investments, a Swiss investment company, recently issued loans totaling USD 6.3 million to microfinance institutions (MFIs) in Peru and Bolivia.
MICROCAPITAL BRIEF: G2012 Mexico, Ashoka Changemakers Offers $100k for Winning Solution to Financial Services Access
The G2012 Mexico, the seventh summit of leaders from 20 large economies (G-20), and Ashoka Changemakers, an initiative of the US-based nonprofit Ashoka, have partnered to launch the “G2012 Mexico Financial Inclusion: Innovative Solutions for Unlocking Access” competition.
MICROFINANCE PUBLICATION ROUND-UP: Impact of Property Insurance in Ghana; Priority Issues for the Microfinance Sector; Investment in Sub-Saharan Africa
“’Doing the Math’ with Property Insurance in Ghana;” by Barbara Magnoni, et al; published by the Microinsurance Centre; May 2012; 9 pages; available at: http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/868-milk-brief-10-qdoing-the-mathq-with-property-insurance-in-ghana.html
MICROFINANCE EVENT: ILO’s Microinsurance Innovation Facility Presents “Interactive Launch of the Microinsurance Compendium: ‘Protecting the Poor,’ Volume II”, July 3, 2012, Geneva, Switzerland, and Online
Event Name: Interactive Launch of the Microinsurance Compendium, Volume II
Event Date: July 3, 2012, 16:00 – 18:30
Event Location: International Labour Organization Library, Geneva, Switzerland, and Online
MICROFINANCE PUBLICATION ROUND-UP: Financial Service Needs in Mexico; Evaluation of an Insurance Education Radio Campaign in Kenya; Self-Assessment of Governance
“A Structured Approach to Understanding the Financial Service Needs of the Poor in Mexico;” by Xavier Faz and Paul Breloff; published by CGAP (Consultative Group to Assist the Poor); May 2012; 4 pages; available at: http://www.cgap.org/gm/document-1.9.57615/Brief_MexicoSegmentation.pdf
MICROFINANCE EVENT: IBC Asia Presents 6th Annual “Mobile Financial Services Asia Pacific Summit 2012”, September 10 – 12, 2012, The Philippines
Event Name: Mobile Financial Services Asia Pacific Summit 2012
Event Date: September 10 – September 12, 2012
Event Location: Manila, The Philippines
MICROFINANCE PUBLICATION ROUND-UP: Global Microfinance Equity Valuation Survey; Microfinance Governance Indicators; Audio Report: Role of Brokers in Microinsurance
“Volume Growth and Valuation Contraction: Global Microfinance Equity Valuation Survey 2012;” by Jasmina Glisovic, et al; published by CGAP (Consultative Group to Assist the Poor) and JP Morgan; May 2012; 16 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.57526/VolumeGrowth.pdf
MICROCAPITAL BRIEF: Allianz to Use Satellites to Insure Small-scale Farmers in Asia
Allianz, a German-based insurance provider, reportedly announced a three-year pilot project using satellite technology to manage crop insurance sold to rice farmers in Bangladesh, Cambodia, India, Indonesia, Thailand, the Philippines and Vietnam.
MICROCAPITAL BRIEF: LeapFrog Acquires Majority Stake in Ghana’s Express Life Insurance For $5.5m
LeapFrog Investments, a microinsurance equity fund based in Mauritius, recently acquired a majority stake in Ghana’s Express Life Insurance Company at the cost of USD 5.5 million.
MICROCAPITAL BRIEF: Faulu Kenya, Airtel Form Partnership to Offer Mobile Credit
Faulu Kenya, a microfinance institution (MFI) based in Nairobi, Kenya, is now offering mobile credit to customers of the Kenyan arm of Airtel, an Indian telecommunications company.
MICROCAPITAL BRIEF: Kenyan Boma Project Certified on Grameen Foundation’s Progress out of Poverty Index
The Boma Project, a nonprofit organization in northern Kenya that aims to improve the ability of women to earn their own incomes, recently has become the first African organization to be certified by Grameen Foundation, a US-based nonprofit, on the Progress out of Poverty Index (PPI) Advanced Standards of Use.
MICROCAPITAL BRIEF: Wincor Nixdorf Deploys Automated Teller Machines (ATMs) in Bangladesh
Wincor Nixdorf, a Germany-based information technology (IT) provider reportedly has announced it is supplying banks in Bangladesh with automated teller machine (ATM) technology in an effort to increase access to financial services via the self-service channel.
MICROCAPITAL BRIEF: South Korea Donates $1m to International Finance Corporation (IFC) to Support Small and Medium-sized Enterprises
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.
MICROCAPITAL BRIEF: 87 MFIs Earn 2011 Microfinance Information Exchange (MIX) Social Performance Reporting Award
Microfinance Information Exchange (MIX), a US-based nonprofit provider of data and analysis on microfinance institutions (MFIs), funders, networks and service providers dedicated to serving the financial needs of low-income clients, has released the names of 87 MFIs that have earned its winners of the Social Performance Reporting Award.
MICROCAPITAL BRIEF: Institute of Microfinance (InM) to Pilot Microinsurance Scheme in Bangladesh
The Institute of Microfinance (InM), a Bangladesh-based nonprofit that aims to meet the research and training needs of microfinance institutions (MFIs), has begun a pilot micro health insurance scheme in Bangladesh.
MICROCAPITAL BRIEF: RBI Wants Microfinance Institution Deposit-Taking Cut From Micro Financial Sector Bill
Deputy Governor Anand Sinha of the Reserve Bank of India (RBI), India’s central banking authority, reportedly announced in a budget speech that RBI does not support allowing microfinance institutions (MFIs) to take deposits from clients.
MICROCAPITAL BRIEF: Bangladeshi Government to Investigate Muhammad Yunus, Social Businesses Associated With Microfinance Institution Grameen Bank
Bangladesh Finance Minister A M A Muhith reportedly has announced that the national government “will form a commission to ensure ‘accountability’ of the Grameen social businesses run by Nobel peace laureate Muhammad Yunus.”