Event Name: Mobile Money Global Summit and Expo, 2011
Event Date: October 31 – November 3, 2011
Event Location: Dubai, United Arab Emirates (UAE)
Search Results for: Tunisia
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Guarantee $500m in Loans to Microfinance Institutions (MFIs) for Lending to Small and Medium-Sized Enterprises (SMEs) in Egypt, Jordan; USAID to Fund Technical Assistance
The Overseas Private Investment Corporation (OPIC), a US government agency that supports private sector development, has approved USD 250 million in loan guarantee facilities each in Egypt and Jordan for local banks that lend to small and medium-sized enterprises (SMEs), microfinance institutions (MFIs), non-banking financial institutions (NBFIs) and “other approved borrowers.”
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Arab Monetary Fund (AMF) Launch “Arab Secured Transactions Initiative” to Boost Lending to Small and Medium-Sized Enterprises (SMEs)
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Arab Monetary Fund (AMF), a regional organization that supports economic development in the Arab world, recently launched the Arab Secured Transactions Initiative to encourage lending to small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: Al Amal Bank of Yemen Wins Islamic Microfinance Challenge 2010
Al Amal Bank, a microfinance bank in Yemen, will be awarded USD 104,000 for winning the Islamic Microfinance Challenge 2010, a contest that promotes the design of Shariah-compliant products for Islamic microfinance clients. Al Amal’s proposal for the competition was to test-run an Islamic leasing product, funding the pilot through its Islamic investment product and achieving operational and financial sustainability by 2012.
MICROCAPITAL BRIEF: Grameen Foundation, Grameen Capital India and Grameen-Jameel Announce $8m Guarantee Pool to Improve Liquidity of Indian Microfinance Institutions (MFIs)
Grameen Foundation, a US-based nonprofit; Grameen Capital India, a Mumbai-based social business that promotes growth in the microfinance sector in India; and Grameen-Jameel, a joint venture founded in 2007 by the Grameen Foundation and Grow Well Limited of Saudi Arabia, have launched a new initiative to address the liquidity needs of Indian microfinance institutions (MFIs) that demonstrate a focus on social as well as financial returns.
MICROFINANCE PAPER WRAP-UP: African Financial Systems: A Review by Franklin Allen, Isaac Otchere and Lemma Senbet, Published by The Wharton Financial Institutions Center
by Franklin Allen, Isaac Otchere and Lemma Senbet, published by The Wharton Financial Institutions Center, March 2010, 69 pages, available at: http://www.microfinancegateway.org/gm/document-1.1.8282/African%20financial%20systems.pdf
MICROCAPITAL BRIEF: Turkish Microfinance Institutions (MFIs) Maya Enterprise for Microfinance and Turkish Grameen Microcredit Program (TGMP) Receive $5m from Grameen-Jameel
Grameen-Jameel, a joint venture founded in 2007 by the US-based Grameen Foundation and Grow Well Limited of Saudi Arabia, announced that it will provide technical assistance and financial support amounting to USD 5.2 million to Turkish microfinance institutions (MFIs) Turkish Grameen Microcredit Program (TGMP) and Maya Enterprise for Microfinance.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) and Sanabel Grant Certificates of Transparency to 43 Arab Microfinance Institutions
The nonprofit Microfinance Information Exchange (MIX) and Sanabel, a nonprofit organization dedicated to advancing Arabic microfinance, recently awarded certificates of transparency to 43 microfinance institutions from Arab countries.
MICROCAPITAL BRIEF: Grameen Foundation to Upgrade Mifos, an Open Source Microfinance Institution (MFI) Management Software with Grants of $500,000 from Cisco Foundation and $1.23m from MasterCard Foundation
The Grameen Foundation, an independent non-profit organization, has announced that it will add functionality to Mifos, a microfinance institution (MFI) management software package that is open source, meaning that it is free software that can be changed by users.
MICROCAPITAL BRIEF: CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank partner to launch Islamic Microfinance Challenge 2010
CGAP (Consultative Group to Assist the Poor), a policy and research center; Deutsche Bank, a European commercial bank with a microfinance program; Grameen-Jameel, a company that provides support to microfinance institutions (MFIs); and the Islamic Development Bank, an international finance institution, recently announced the Islamic Microfinance Challenge, a contest intended to promote the innovative design of Shariah-compliant products for Islamic microfinance clients.
KNOW A MICROFINANCE FOUNDATION: Rockdale Foundation
Overview:
The Rockdale Foundation provides grants for Arab microfinance institutions (MFIs).
PRESS RELEASE: World Council of Credit Unions (WOCCU) Says Credit Unions Could Lower Cost of Remittances to Africa
Source: World Council of Credit Unions (WOCCU).
PRESS RELEASE: Microfinance Information Exchange (MIX) Announces Additional Social Performance Reporting Awardees
Source: Microfinance Information Exchange (MIX).
MICROCAPITAL.ORG STORY: Microfinance Institutions (MFIs) Grameen Koota of India and Enda Inter-Arabe of Tunis Receive Consultants to Evaluate Standards for Open Source Information Platform
A recent press release announced that MFIs Grameen Koota of Bangalore, India and Enda Inter-Arabe of Tunis, Tunisia are working with consultants recommend Enterprise Resource Planning (ERP) solutions to these MFIs [1]. ERP refers to the integration of an organization’s data and processes into one single system [2]. This process is meant to help the MFIs integrate better with Mifos, an open source information platform.
MICROCAPITAL.ORG STORY: Grameen-Jameel Pan-Arab Microfinance Ltd. in Dubai Appoints Julia Assaad as Its New General Manager
For discussion of this topic click here: http://microfinanceassociation.ning.com/forum/topics/gossip-column-human-interest
Grameen-Jameel Pan-Arab Microfinance Ltd. (Grameen-Jameel), a joint venture based in Dubai between the Grameen Foundation and Abdul Latif Jameel Group, announced it would appoint Julia Assaad as its new General Manager [1, 2]. Grameen Foundation is a Washington, DC-based non–profit, and Abdul Latif Jameel Group is a Saudi Arabia-based for-profit business group [3, 5]. Alex Counts, Grameen-Jameel Director and President of Grameen Foundation, stated that Ms. Assaad was brought on to help reach its goal of adding one million new microfinance clients by 2011 [2]. As reported in a previous MicroCapital story on the Arab Microfinance Investment Symposium that took place in November 2008, the Arab microfinance industry has an estimated total market of USD 5.5 billion in the Arab world [13]. Moreover, Heather Henyon, the General Manager of Grameen-Jameel at the time, cited that currently there are 2.9 million borrowers in Arab countries that make up less than four percent of the total demand for microfinance in Arab countries [13]. The untapped market for microfinance is valued at USD 3.96 billion, only slightly less than the USD 5.29 billion that is calculated as the total microfinance market [13].
MICROCAPITAL EVENT: Middle East and North Africa (MENA) Microfinance Conference 2009 in Amman, Jordan on October 26-27, 2009, Organized by UniGlobal Research in Association with Sanabel
Event Name: MENA Microfinance Conference 2009
Date: October 26-27, 2009
Location: Amman, Jordan
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROFINANCE EVENT: 2009 International Forum on Remittances, Organized by the International Fund for Agriculture Development, October 22-23rd 2009
Event Name: 2009 International Forum on Remittances
Event Dates: October 22-23rd, 2009
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
Location: Tunis, Tunisia (Venue To Be Announced)
Cost: Free
Who Is Invited to Attend: Everyone
MICROCAPITAL STORY: Grameen-Jameel Issues a USD 2.7 Million Local-Currency Guarantee to Aga Khan Agency, First Microfinance Institution (FMFI) Syria
Grameen-Jameel, a social business established in 2007 that serves the Arab microfinance industry, has recently announced that it has issued local-currency guarantee worth USD 2.7 million to Aga Khan Agency the First Microfinance Institution (FMFI) Syria, part of the Aga Khan Agency for Microfinance (AKAM). The multi-million dollar credit facility focuses to improve the lives of 2,700 underprivileged Syrians through credit, deposits and other financial services. No additional information regarding how the fund will function is provided.