MICROFINANCE EVENT: Microfinance Investment Transparency and Evaluation in Washington DC, USA, and Online, July 20, 2011

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

MICROCAPITAL BRIEF: Financial Sector Deepening Trust (FSDT) Launches Challenge for Financial Innovation Through SME (Small and Medium-Sized Enterprise) Finance Innovation Challenge Fund

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.

MICROCAPITAL BRIEF: IFC to Provide Local Currency Loans Worth Total of $13m to FINCA Azerbaijan, FINCA Kyrgyzstan to Expand Access to Microfinance

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.

MICROCAPITAL BRIEF: World Council of Credit Unions (WOCCU): Afghan Islamic Investment and Financial Cooperatives (IIFCs) Distributed Microfinance Loans Worth $7.4m in Last Third of 2010

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.

MICROCAPITAL BRIEF: Microfinance Investment Support Facility for Afghanistan (MISFA) Announces Afghan Microfinance Sector Reaches $1b in Loan Disbursements

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.

MICROFINANCE BRIEF: ResponsAbility Microfinance Leaders Fund (rAMLF) Loans $2.5m to FINCA Kyrgyzstan, $500k to HUMO and Partners of Tajikistan

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.

MICROCAPITAL BRIEF: responsAbility of Switzerland Loans $11m to ProCredit Georgia, Frontiers of Kyrgyz Republic, AgroInvest Holding of Montenegro, Sathapana of Cambodia

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.

MICROCAPITAL BRIEF: responsAbility Social Investments of Switzerland Loans $15m to FINCA International Subsidiaries in Azerbaijan, Georgia, Kyrgyzstan

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].

MICROCAPITAL BRIEF: responsAbility Makes Debt Investments Worth $7.5m in FINCA Kyrgyzstan, Mol Bulak of Kyrgyzstan, Constanta of Georgia, BZMF of Kosovo, GafGaz Leasing of Azerbaijan

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.

MICROFINANCE EVENT: Microfinance Crisis in India: Local and Global Implications – A Panel Discussion, April 8, 2011, Hosted by the American University, Washington DC, USA

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

MICROFINANCE EVENT: Cracking the Nut – Overcoming Obstacles to Rural and Agricultural Finance, Washington, DC, United States, June 20-21, 2011

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

MICROCAPITAL BRIEF: PlaNet Finance, Oliver Wyman Publish Report on Mobile Technology Providing Access to Finance Beyond Simple Payments

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.

MICROFINANCE EVENT: “Effectively Catalyzing Small and Medium-Sized Enterprise (SME) Growth Through Business Plan Competitions: Innovative Examples from Latin America” Available Online and in Person in Washington, DC, March 9, 2011

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

MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), Crédit Agricole Serbia Accept Warehouse Receipts as Collateral for $27m in Loans to Agribusinesses

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.

MICROCAPITAL BRIEF: Bill and Melinda Gates Foundation Provides $10m for Haiti Mobile Money Initiative (HMMI) in Collaboration with US Agency for International Development (AID)

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.

MICROCAPITAL PAPER WRAP-UP: Do Multiple Financial Services Enhance the Poverty Outreach of Microfinance Institutions?, by Koen Rossel-Cambier, Published by Centre Emile Bernheim and Solvay Brussels School

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/

MICROCAPITAL BRIEF: Haitian Microfinance Industry Still Struggling in Wake of Earthquake, Increased Regulation on the Horizon

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.