The BlueOrchard Private Equity Fund (BOPE Fund), a microfinance investment vehicle managed by Switzerland’s BlueOrchard, recently acquired a 20 percent stake in US-based CHF Development Finance International, a holding company established by development organization CHF International to own and manage CHF’s commercially-oriented microfinance subsidiaries.
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MICROCAPITAL BRIEF: Goodwell West Africa Invests $1m in Microfinance Provider Nwabiagya Community Bank of Ghana
Netherlands-based investment fund Goodwell West Africa has agreed to raise its equity share in Nwabiagya Community Bank of Ghana from 14.03 percent to 18.9 percent with a USD 1 million investment.
MICROFINANCE PAPER WRAP-UP: “Too Much Microcredit? A Survey of the Evidence on Over-Indebtedness;” by Jessica Schicks, Richard Rosenberg; Published by CGAP (Consultative Group to Assist the Poor)
By Jessica Schicks and Richard Rosenberg, published by CGAP (Consultative Group to Assist the Poor), September 2011, 44 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.55377/
MICROFINANCE EVENT: Mobile Money APAC (Asia Pacific) Conference and Expo, Singapore, January 30 – February 2, 2012
Event Name: Mobile Money APAC (Asia Pacific) Conference and Expo
Event Date: January 30 – February 2, 2012
Event Location: Singapore
MICROFINANCE EVENT: Citi-FT Financial Education Summit 2011, Jakarta, Indonesia, November 28 – 29, 2011
Event Name: Citi-FT Financial Education Summit 2011: Empowering the Disadvantaged: Inclusive and Innovative Approaches to Financial Capability
Event Date: November 28 – November 29, 2011
Event Location: Hotel Mulia, Jakarta, Indonesia
MICROCAPITAL BRIEF: MicroSave Launches Capital Structuring and Equity Valuation Toolkit for Microfinance
MicroSave, an India-based technical assistance, training and resource center for microfinance practitioners, has launched its Capital Structuring and Equity Valuation Toolkit for microfinance professionals.
MICROFINANCE EVENT: Accounting and Microfinance Conference, Greensboro, North Carolina, USA, December 2, 2011
Event Name: Accounting & Microfinance Conference: Microfinance is Evolving is Accounting Keeping Up?
Event Date: December 2, 2011, 8.30am – 4.00pm Eastern US Time
Event Location: Grandover Resort, Greensboro, North Carolina, USA
MICROCAPITAL BRIEF: Kate Waiganjo, MicroEnsure Country Manager in Kenya, Discusses Mandatory Loan Insurance for Microfinance Borrowers
In an article on the website of MicroEnsure, a subsidiary of US-based microfinance network Opportunity International, Kate Waiganjo, MicroEnsure’s Country Manager in Kenya, discusses the issue of mandatory loan insurance.
MICROFINANCE EVENT: The Business Viability of Microinsurance, Webinar, November 24, 2011, Organized by the Microinsurance Innovation Facility of the United Nations’ International Labour Organization
Event Name: The Business Viability of Microinsurance
Event Date: November 24, 2011, 1:00 pm – 2:15 pm Central European Time (GMT +1 hour)
Event Location: Online
MICROCAPITAL BRIEF: MicroEnsure, Tigo, Milvik, Golden Crescent to Deliver Tigo Bima Microinsurance Product in Tanzania
MicroEnsure, a subsidiary of US-based microfinance network Opportunity International, has teamed up with mobile phone operator Tigo Tanzania and microinsurance service provider Milvik to offer Tigo Bima, a new microinsurance product being offered to Tigo clients in Tanzania.
MICROCAPITAL BRIEF: NCR Corporation Designs “Pillar” Automated Teller Machine (ATM) for Illiterate Users
NCR Corporation, a US-based technology company, has developed an automated teller machine (ATM) that uses biometric technologies to make it more accessible to illiterate and semi-literate users.
MICROCAPITAL BRIEF: Co-operative Bank of UK Launches “Global Development Co-operative” Initiative to Finance Coops in Developing Countries in Runup to 2012, UN International Year of Cooperatives
The Co-operative Bank, a unit of UK-based consumer cooperative The Co-operative Group, has launched an initiative named Global Development Co-operative (GDC) to provide finance to cooperatives in developing countries [1].
MICROCAPITAL BRIEF: 15 Additional Microfinance Investment Funds Commit to Global Impact Investment Ratings System
Fifteen investment funds, representing approximately USD 550 million in capital, have committed to utilize GIIRS (Global Impact Investment Ratings System) ratings, a system for assessing the social and environmental impact of investment funds. The investment funds will become members of the GIIRS Pioneer Funds, which have agreed to be among the first forty funds to receive a GIIRS Impact Rating.
MICROCAPITAL BRIEF: Digicel Pacific Launches Remittance Service Connecting New Zealand with Tonga, Fiji, Samoa
Digicel Pacific Limited, a unit of Jamaica-based mobile phone network operator Digicel Group Limited, recently launched an international remittance service called Digicel Mobile Money to allow people living in New Zealand to send money to any Digicel mobile phone in Tonga, Fiji and Samoa [1].
MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in Nepal Request Establishment of Credit Bureau
As borrowers in Nepal reportedly have begun receiving loans from multiple microfinance institutions (MFIs), MFIs in the country have requested that a credit information bureau be created to allow them to share information on potential clients to avoid duplicative lending.
MICROCAPITAL BRIEF: Steve Hollingworth to Succeed Chris Dunford as President and CEO of Freedom from Hunger, Says “Microfinance Groups can Serve as Catalyst for Major Changes”
Freedom from Hunger, a US-based nonprofit, recently announced that Mr Steve Hollingworth will be the new president and chief executive officer (CEO) of the organization after the retirement of Mr Chris Dunford who has held the position for approximately 20 years [1].
MICROCAPITAL BRIEF: MicroLoan Foundation Launches Solar Power Pilot Project in Malawi to Serve Women in Microfinance Groups
MicroLoan Foundation, UK-based nonprofit that works to promote entrepreneurship among women in sub-Saharan Africa, has launched a pilot project in Malawi’s rural Kasungu region that is designed to provide women entrepreneurs with an opportunity to tackle the problem of an unreliable electricity supply [1].
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Fee-Based “MIX Silver”
The Microfinance Information Exchange (MIX), a US-based nonprofit organization that publishes financial and social performance information from microfinance stakeholders, recently announced the launch of a fee-based service that offers the ability to: create a personalized dashboard to track real-time changes in microfinance markets; build virtual microfinance institution portfolios for analysis; access benchmarking and aggregation tools; and access all interim and annual data for approximately 2,000 MFIs in the MIX database [1].