Event Name: 6th Convergences 2015 World Forum
Event Date: September 17-19, 2013
Event Location: Palais Brongniart, 28, Place de la Bourse, 75002 Paris, France
Event Name: 6th Convergences 2015 World Forum
Event Date: September 17-19, 2013
Event Location: Palais Brongniart, 28, Place de la Bourse, 75002 Paris, France
The World Council of Credit Unions (WOCCU), a US-based association of credit union trade groups in 54 countries, recently received a four-year, USD 2.45 million grant from the United Nations Capital Development Fund’s (UNCDF’s) MicroLead program that it will direct to its new member organization, the Liberia Credit Union National Association (LCUNA), a network of 300 credit unions in Liberia that serve 36,000 individuals.
Nine companies that specialize in impact investment reportedly will be establishing the “Indian Impact Investor Council” (IIIC) to establish guidelines helping investment companies in India regulate their efforts to meet social goals.
“Study on the Drivers of Over-Indebtedness of Microfinance Borrowers in Cambodia: An In-depth Investigation of Saturated Areas;” by Dannet Liv; published by BlueOrchard Microfinance Investment Management, Incofin Investment Management, Oikocredit; March 2013; 83 pages; available at: http://www.blueorchard.com/jahia/webdav/site/blueorchard/shared/Publications%20and%20Resources/News%20%26%20Press%20releases/OID-Final%20Report.pdf
This report presents an analysis of the factors that drive microfinance borrowers in Cambodia to take on excessive levels of debt.
By Michal Matul, Aparna Dalal, Ombeline De Bock and Wouler Gelade, published by Microinsurance Innovation Facility, February 2013, 31 pages, available at: http://www.ilo.org/public/english/employment/mifacility/download/mpaper20_buy.pdf
This paper published by the Microinsurance Innovation Facility, a Switzerland-based initiative of the UN’s International Labour Organization, examines the “determinants of demand” for microinsurance products in the developing world and looks at why, despite its potential to mitigate risk, the demand for microinsurance is low.
“Regulatory Options to Curb Debt Stress;” by Gabriel Davel; published by CGAP (Consultative Group to Assist the Poor); March 2013; 29 pages; available at: http://www.cgap.org/publications/regulatory-options-curb-debt-stress
This report highlights how the dynamics of credit markets can lead to cycles of credit growth and accumulation of consumer debt followed by widespread default and contraction.
By Yasemin Saltuk; published by JP Morgan and the Global Impact Investing Network (GIIN); January 2013; 28 pages; available at: http://www.thegiin.org/cgi-bin/iowa/download?row=489&field=gated_download_1
This report is the third annual survey by US-based investing firm J.P. Morgan and US-based nonprofit Global Impact Investing Network (GIIN) that attempts to shed light on the condition and future prospects of the impact investment market by surveying a sample of investors in the field.
The National Economic Development Authority (NEDA), an agency of the government of the Philippines responsible for development and planning, is reportedly urging microfinance institutions (MFIs) in the country to tap into remittances from overseas Filipino workers as a source of funding.
The Insurance Regulatory Authority (IRA), Uganda’s insurance industry regulator, reportedly is partnering with Making Finance Work for Africa (MFW4A), a multilateral platform that aims to coordinate financial sector activities among African governments, and the Access to Insurance Initiative (A2ii), a global program hosted by Germany’s international cooperation agency (Deutsche Gesellschaft für Internationale Zusammenarbeit), to create regulation that make access to microinsurance more efficient, mainly for low-income earners.
Brazilian bank Itau Unibanco recently joined the Business Call to Action (BCtA), a multi-organization initiative that seeks to reduce poverty through the private sector in support of the United Nations Millenium Development Goals (MDGs).
The Chinese government reportedly is requiring provincial governments to purchase commercial health insurance for farmers through the New Rural Cooperative Medical Scheme (NRCMS), a social security program run independently by each province and funded by the central government, local governments, farmers’ cooperatives and families.
The International Fund for Agricultural Development (IFAD), a United Nations agency, has provided a grant of USD 925,000 to the Republic of Sudan to be invested in the Agricultural Bank of Sudan Microfinance Initiative (ABSUMI), a creation of the government-owned Agricultural Bank of Sudan.
Anne Hastings, CEO of Haitian microfinance institution Fonkoze Financial Services, recently summarized the challenges outlined by a panel hosted by the Better Than Cash Alliance (BTC), a US-based NGO that promotes financial inclusion through mobile banking, at the World Economic Forum in Davos, Switzerland, in January 2013. The panel discussed the benefits and challenges of making the transition from cash to electronic payments.
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.
“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
Event Name: Global Forum on Remittances 2013
Event Date: May 20-23, 2013
Event Location: United Nations Conference Centre, Bangkok, Thailand
On January 30, 2013, Sanabel, an Egypt-based nonprofit network of microfinance institutions in Arab countries, announced Sahar Tieby as its new executive director, succeeding Ranya Abdel-Baki, Sanabel’s executive director since October 2009.
By Michael J. McCord, Roland Steinmann and Molly Ingram; published by Deutche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Munich Re Foundation; 2012; 11 pages; available at: http://www.microinsurancecentre.org/resources/documents/doc_download/918-briefing-note-the-landscape-of-microinsurance-in-africa-2012.html
This report presents an analysis of the status and characteristics of the microinsurance industry in Africa.