Event Name: African Microfinance Pricing Transparency Leadership Forum
Event Date: October 5 – October 7, 2011
Event Location: Nairobi, Kenya
Event Name: African Microfinance Pricing Transparency Leadership Forum
Event Date: October 5 – October 7, 2011
Event Location: Nairobi, Kenya
The nonprofit Pakistan Poverty Alleviation Fund (PPAF) reportedly has established an equity fund to invest in microfinance institutions (MFIs) in an effort to facilitate access to commercial financing, with the ultimate goal of increasing growth and facilitating expansion into rural areas.
Microfinance has been successful at bringing solar lighting to India’s rural villages, according to an article in Indian science and environment magazine Down To Earth.
The MasterCard Foundation, a Canada-based philanthropic organization that supports projects in the microfinance and education sectors, has agreed to grant USD 23.5 million to the MicroLead program, a financial inclusion initiative that was designed by the United Nations Capital Development Fund (UNCDF), an investment facility intended to encourage private sector development.
The Pacific Private Sector Development Initiative (PSDI), an initiative established in 2006 by the Asian Development Bank (ADB), recently outlined in its annual report its efforts to “encourage private sector led sustainable economic growth” in developing countries in the Pacific by “improving access to financial services, updating business laws and upgrading the delivery of services by state-owned enterprises (SOEs).”
The International Labour Organization (ILO), an agency of the United Nations promoting fair work conditions, is reportedly supporting a pilot microinsurance scheme in the Tarija region of southern Bolivia with unnamed local partners to provide insurance against loss of food crops, life and property.
responsAbility Social Investments AG (responsAbility), a Swiss asset management company that invests in microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), recently reported to MicroCapital that it made investments totaling the equivalent of USD 4 million in Bai Tushum of the Kyrgyz Republic, Arnur Credit of Kazakhstan and Bereke of Kazakhstan.
A recent entry on the Gender Debate blog cites the report “Microfinance: Champion in Poverty Alleviation and Failure in Female Empowerment” by Alexandra Dobra to argue that most microfinance services only focus on the financial empowerment of women, wasting their potential to promote the “full and equal participation of women in all spheres of society including decision-making and access to power” [1].
At a recent meeting in Rwanda on gender-responsive budgeting held in conjunction with the European Union and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), African governments were urged to reach women in rural areas through microfinance schemes and otherwise involving women in financial services.
According to a survey conducted by the Yemen Microfinance Network (YMN), a member-based nonprofit organization, microfinance institutions (MFIs) in the country have been negatively affected by the ongoing political climate and are facing an uncertain future.
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
The International Finance Corporation (IFC), a member of the World Bank Group, recently commissioned “The South Asia Deposit Assessment” studies.
Event Name: New Frontiers in Microinsurance Distribution
Event Date: July 13, 2011
Event Location: Online
Myanmar President Thein Sein’s public endorsement in May 2011 for the development of a microfinance sector in the country has triggered interest among aid workers and those already involved in the country’s sprouting microfinance sector.
Event Name: 5th African Microfinance Conference
Event Date: September 19 to September 22, 2011
Event Location: United Nations Economic Commission for Africa (UNECA) in Addis Ababa, Ethiopia
Triple Jump, a Netherlands-based advisory service and manager of three microfinance investment vehicles (MIVs), recently announced plans to open an office in Mexico City, Mexico, to serve the region of Central America and the Caribbean.
The International Fund for Agricultural Development’s (IFAD’s) Financing Facility for Remittances (FFR), a fund that aims to reduce poverty by channeling remittances to finance development in rural areas of developing countries, announced that it recently launched its Diaspora Investment in Agriculture (DIA) Initiative.
Incofin Investment Management, a Belgian fund manager that invests in microfinance institutions (MFIs), has raised EUR 11 million (USD 15.8 million) for Rural Impulse Fund II, which invests in MFIs in developing countries that have at least 30 percent of their operations in rural areas.