MICROFINANCE PAPER WRAP-UP: Selective Knowledge: Reporting Biases in Microfinance Data, by Jonathan Bauchet and Jonathan Morduch, Published by Financial Access Initiative (FAI) at New York University’s Robert F Wagner Graduate School of Public Service and Hunter College

By Jonathan Bauchet and Jonathan Morduch, published by the Financial Access Initiative (FAI) at New York University’s Robert F Wagner Graduate School of Public Service and Hunter College, June 2009, 39 pages, available at:
http://www.nyu.edu/projects/morduch/documents/articles/2008-06-Selective-knowledge.pdf

MICROFINANCE PAPER WRAP-UP: Discovering Limits: Global Microfinance Valuation Survey 2011; By Frederic de Mariz, Xavier Reille, Daniel Rozas; Published by JP Morgan, CGAP (Consultative Group to Assist the Poor)

By Frederic de Mariz, Xavier Reille and Daniel Rozas; published by JP Morgan and CGAP (Consultative Group to Assist the Poor); July 2011; 29 pages; available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.52137

MICROCAPITAL BRIEF: New Criteria Announced for Social Performance Reporting Awards from CGAP (Consultative Group to Assist the Poor), Michael and Susan Dell Foundation, Ford Foundation, Microfinance Information Exchange (MIX)

The Social Performance Reporting Awards, instituted in 2009 to recognize microfinance institutions (MFIs) committed to “transparent social performance monitoring and management,” recently announced that this year, in addition to promoting MFIs on the basis on transparency, the award will also recognize “good practices in social performance management” [1].

MICROCAPITAL BRIEF: South Africa’s National Treasury Releases Policy Document, “The South African Microinsurance Regulatory Framework,” to Address Access to Insurance, Consumer Protection for Low-Income Households

In a recent press release, the National Treasury of the Republic of South Africa, the body responsible for managing government finances, released a policy document titled, “The South African Microinsurance Regulatory Framework,” to address the “challenges to improve access to insurance and consumer protection for the lower income families in the country” [1].

MICROCAPITAL BRIEF: InVenture Offers Expansion Capital to Support Small Enterprises in their Graduating from Microfinance to Traditional Banking

InVenture, a US-based microfinance service focused on investing in small enterprises in poor countries, recently announced a revised operations model and a “peer-to-peer” fundraising website.

MICROCAPITAL BRIEF: World Bank Working Paper, “Small vs. young firms across the world: contribution to employment, job creation, and growth” by Meghana Ayyagari, Asli Demirgüç-Kunt, Vojislav Maksimovic Explores Economic Contributions of Small and Medium Enterprises (SMEs)

In a recent World Bank policy research working paper, Meghana Ayyagari, Vojislav Maksimovic and Asli Demirgüç-Kunt offer a database on the contribution of small and medium-sized enterprises (SMEs) and young firms to total employment, job creation and productivity growth across 99 developing economies.

MICROCAPITAL BRIEF: Editorial Touts Financial Literacy, Microsavings to Increase Financial Inclusion in Indonesia

A recent editorial in The Jakarta Post, a newspaper in Indonesia, examines the issue of access to financial services in Indonesia and highlights financial literacy as an important element in increasing financial inclusion [1].

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Announces 2,000 Microfinance Institutions Now Reporting to MIX Market

The Microfinance Information Exchange (MIX), a US-based nonprofit organization that runs the MIX Market online database of microfinance institutions (MFIs), recently announced that it currently collects self-reported information from 2,000 MFIs based in 110 countries, representing 92 million borrowers.

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Funds $80m Liquidity Facility to Bangladeshi Local Banks to Meet Small and Medium-Sized Enterprise (SME) Funding Needs

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently announced it has provided a USD 80 million short-term liquidity facility to local commercial banks in Bangladesh to meet the working capital and trade financing needs following recent market disruptions that have reportedly decreased the availability of foreign exchange in the country.

MICROFINANCE PAPER WRAP-UP: Foreign Capital Investment in Microfinance: Reassessing Financial and Social Returns; By Xavier Reille, Sarah Forster and Daniel Rozas; Published by CGAP (Consultative Group to Assist the Poor)

By Xavier Reille, Sarah Forster and Daniel Rozas; published by CGAP (Consultative Group to Assist the Poor); 2011; 16 pages; available at http://www.cgap.org/gm/document-1.9.50967/FN71.pdf

MICROCAPITAL BRIEF: Imp-Act, MicroSave Launch Guidance Notes on Social Performance Management for Microfinance Institutions (MFIs)

Imp-Act, a UK-based consortium of nine organizations focused on the social performance management (SPM) of microfinance institutions (MFIs), and MicroSave, a for-profit technical assistance, training and resource center in India, recently introduced two new “guidance notes” in English, French and Spanish, titled “Strategic Planning: Integrating SPM into Microfinance Capacity Building” and “Governance: Integrating SPM into Microfinance Capacity Building”. According to the Social Performance Task Force (SPTF), an initiative of CGAP

MICROCAPITAL BRIEF: Habitat for Humanity Receives $45m Loan from Overseas Private Investment Corporation (OPIC), to Be On-Lent to Microfinance Institutions Through Housing Finance Programs

The Overseas Private Investment Corporation (OPIC), a US government agency that supports private sector development, has approved a USD 45 million loan to Habitat for Humanity International (HFHI), a nonprofit, US-based Christian organization that builds homes for poor people, to promote and expand housing microfinance lending.

MICROCAPITAL BRIEF: World Economic Forum, Boston Consulting Group Publish “Mobile Financial Services Development Report 2011”

The World Economic Forum (WEF), a nonprofit headquartered in Geneva that engages world leaders “to improve the state of the world”, in association with the US-based Boston Consulting Group (BCG) recently published a report entitled “Mobile Financial Services Development Report 2011”. Assessing the development of the mobile financial services (MFS) ecosystem in 20 countries, the report identifies several areas which might be addressed to build scale in MFS thus bringing more people into the formal economy.

MICROCAPITAL BRIEF: Articles Published by The Guardian, The Wall Street Journal Question Impact of Microfinance, Role of Commercialization

In recent articles published on the websites of newspapers The Guardian of the UK and The Wall Street Journal of the US, journalists, academics and practitioners express concerns about various topics in the microfinance sector including social performance measurement, commercialization and changing methodologies.

MICROCAPITAL BRIEF: BlueOrchard Loans $1.1m in Local Currency to Cameroonian Microfinance Institution (MFI) Advans Cameroun

BlueOrchard Finance SA, a subsidiary of Switzerland-based BlueOrchard Microfinance Investment Managers, has announced that it will provide a local-currency loan of XAF 500 million (USD 1.1 million) to Advans Cameroun, a microfinance institution (MFI) operating in Cameroon.

MICROFINANCE EVENT: International Labor Organization (ILO), Microinsurance Network Host “New Frontiers in Microinsurance Distribution” Webinar, July 13, 2011

Event Name: New Frontiers in Microinsurance Distribution

Event Date: July 13, 2011

Event Location: Online 

MICROCAPITAL BRIEF: Dutch Cooperative Investment Fund Oikocredit Invested 80% of New Loans in Smaller Microfinance Institutions During 2010, Reached 28m People, of Whom 86% are Women

Oikocredit, a Dutch cooperative investment fund, recently released its “Social Performance Report 2010” indicating that the organization reached approximately 28 million people through its microfinance partners, with nearly 1.2 million individuals directly benefiting from Oikocredit funding.