Event Name: USAID Microenterprise Development Office After Hours Seminar #53 – Microfinance Investment Transparency and Evaluation
Event Date: July 20, 2011; 4:00 pm – 5:30 pm EDT
Event Location: QED Group, Washington DC, USA or online
Event Name: USAID Microenterprise Development Office After Hours Seminar #53 – Microfinance Investment Transparency and Evaluation
Event Date: July 20, 2011; 4:00 pm – 5:30 pm EDT
Event Location: QED Group, Washington DC, USA or online
Event Name: Speakers Corner #44: Islamic Banking and Microfinance
Event Date: June 28 to June 30, 2011
Event Location: Online
The SME Finance Innovation Challenge Fund (ICF) of the Financial Sector Deepening Trust (FSDT), which was established by the governments of Canada, Denmark, UK, Sweden and the Netherlands to support efforts of the government of Tanzania to strengthen the country’s financial sector, has issued a challenge to financial service providers to develop and test innovative business models that will deliver improved services and new products to underserved small and medium-sized enterprises (SMEs) clients.
International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly will provide local-currency loans of USD 7 million to FINCA Azerbaijan and USD 6 million to FINCA Kyrgyzstan, two microfinance institutions (MFIs) that are members of US-based FINCA International’s global microfinance network.
World Council of Credit Unions (WOCCU), a US-based trade association and support agency for credit unions, reports that between September and December 2010, 30 Islamic investment and financial cooperatives (IIFCs) in Afghanistan distributed loans worth USD 7.4 million to approximately 8,000 farmers and other small and medium-scale business owners, increasing cooperative membership by 10 percent.
The Microfinance Investment Support Facility for Afghanistan (MISFA), an instrument of the Afghan government, recently announced that the microfinance sector in Afghanistan has disbursed a total of approximately USD 1 billion to low-income Afghan households since 2003.
Switzerland’s responsAbility social investments recently reported to MicroCapital that its Microfinance Leaders Fund (rAMLF) has loaned USD 2.5 million to FINCA Kyrgyzstan and USD 500,000 to HUMO and Partners of Tajikistan.
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it loaned the equivalent of USD 11 million to microfinance organizations in Georgia, the Kyrgyz Republic, Montenegro and Cambodia.
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it has invested USD 15 million in debt in FINCA International subsidiaries in Azerbaijan, Georgia and Kyrgyzstan. FINCA International is a global microfinance network operating in 21 countries reporting total assets of USD 467 million as of 2009 [2].
responsAbility Social Investments AG, an investment company based in Switzerland, recently reported to MicroCapital that it invested the equivalent of USD 7.5 million in microfinance organizations in Kosovo and Central Asia.
Event Name: Microfinance Crisis in India: Local and Global Implications – A Panel Discussion
Event Date: April 8, 2011, 5.00 pm – 6.30 pm
Event Location: Room 120, School of International Service (SIS), American University, Washington DC
Name of Event: Cracking the Nut – Overcoming Obstacles to Rural and Agricultural Finance
Date of Event: June 20 – June 21, 2011
Place of Event: Washington, DC, United States
PlaNet Finance, a France-based non-governmental organization (NGO) with the mission of developing microfinance, and Oliver Wyman, a US-based management consulting company, have published a joint report exploring the ability of mobile technology to provide access to a wide range of financial products beyond simple mobile payments. Sponsored by the Bill and Melinda Gates Foundation, a US-based private foundation, the report examines distribution strategies and “second-generation” mobile microfinance products piloted in West Africa and Southeast Asia.
Event Name: Effectively Catalyzing Small and Medium-Sized Enterprise (SME) Growth Through Business Plan Competitions: Innovative Examples from Latin America
Event Date: March 9, 2011, 4:00pm – 5:30pm
Event Location: Online or at 1250 Eye Street, NW, 11th Floor Washington, DC 20005, USA
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, and Crédit Agricole Serbia, a subsidiary of financial institution Crédit Agricole of France, have recently partnered to accept warehouse receipts as collateral for loans totaling EUR 20 million (USD 27.4 million) to agribusinesses in Serbia.
The Bill and Melinda Gates Foundation, in collaboration with United States Agency for International Development (AID), has announced the award of its “First to Market” prize of USD 2.5 million to Jamaica-based mobile operator Digicel and its Canadian partner bank ScotiaBank as part of the Haiti Mobile Money Initiative (HMMI), a competition created by the US-funded Haiti Integrated Finance for Value Chains and Enterprises (HIFIVE) in June 2010 to encourage partnerships between mobile operators and banks to launch mobile money programs.
By Koen Rossel-Cambier, published by Centre Emile Bernheim and Solvay Brussels School, December 2010, 41 pages, available at: http://www.microfinancegateway.org/p/site/m/template.rc/1.9.49256/
Ten months after the major earthquake that rattled Haiti in January 2010, microfinance institutions (MFIs) and banks still struggle to regain clients, manage late payments and deal with increasing loan defaults. New industry regulation is also expected after requests to the government from MFIs and banks that are concerned that their clients’ money is not well-protected in case of financial institution default.