Amid increasing demand for capital in India’s microfinance industry and growing interest of equity investors, concerns exist such as valuation bubbles and whether growth can be sustained were discussed at the recent “Microfinance Cracking the Capital Markets Conference & Investment Marketplace” held in New Delhi.
Search Results for: "Citi Foundation"
MICROCAPITAL BRIEF: Pakistan Microfinance Network, UK Department for International Development (DFID), Citi Foundation, State Bank of Pakistan Launch Microfinance Credit Information Bureau
Pakistan?s Microfinance Credit Information Bureau (MF-CIB) has been launched as a joint venture by the Pakistan Microfinance Network, the UK Department for International Development (DFID), the Citi Foundation and the State Bank of Pakistan.
KNOW A MICROFINANCE FOUNDATION: Citi Foundation
Overview:
The Citi Foundation provides grants and guarantees to socially-oriented companies, including microfinance institutions (MFIs).
MICROCAPITAL.ORG STORY: Citi Foundation Provides $25,000 Grant to MFTransparency, Provider of Data of Price Transparency for the Microfinance Industry
Citi Foundation, a grant-making charitable foundation that is part of the financial services company, Citigroup, has provided a USD 25 thousand grant to MFTransparency, a “global initiative for fair and transparent pricing in the microfinance industry” [1,2,3,4]. MFTransparency plans to use the grant to “increase its industry presence and visibility, secure additional long term funding, and progress towards its near and long term goals” [1].
MICROFINANCE EVENT: Encuentro Centroamericano de Microfinanzas Conference in El Salvador on September 9 -11, 2009, Organized by ACCION International and Citi Foundation
Event Name: Encuentro Centroamericano de Microfinanzas
Date: September 9 -11, 2009
Location: Real InterContinental Hotel, San Salvador, El Salvador
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROCAPITAL STORY: Citi Foundation and Jordan River Foundation Present 2008 Citi Microentrepreneurship Awards, Jordanian Government Pledges $7.1m to Local Microfinance Institutions (MFIs)
On November 16, the Citi Foundation, a philanthropic foundation dedicated to economic development, and the Jordan River Foundation (JRF), a Jordanian non-profit organization (NGO) focused on female entrepreneurship, held the 2008 Citi Microentrepreneurship Awards ceremony for Jordan.? The two groups and the Jordanian government highlighted the active role that micro-credit plays in alleviating local poverty and honored individual micro-entrepreneurs, including ten women. ? The Ministry of Planning and International Cooperation (MoPIC) also announced new funding initiatives for the microfinance sector.
MICROCAPITAL STORY: Citi Foundation Creates USD 11.2mn Program with SEEP Network to Strengthen Trade Associations
The Citi Foundation will work with the Small Enterprise Education and Promotion Network (SEEP) to create the 3-year USD 11.2 million Citi Network Strengthening Program. The program will include 12 major microfinance trade associations and their members.
PRESS RELEASE: Citi Foundation, Russian Microfinance Center Launch “Plan Your Future” Financial Education Project
Source: Citigroup.
MICROCAPITAL STORY: The Citi Foundation, Citigroup’s Grant-Making Arm, Pledges USD 100,000 to PlaNet Finance’s Microfinance Training Programme in Middle East and North Africa
The Citi Foundation, the grant-making foundation of international financial services firm Citigroup, has pledged a USD 100,000 grant to PlaNet Finance, the French non-profit company that assists microfinance institutions (MFIs), towards the development of a microfinance training curriculum in Arabic. This will be aimed at MFIs in seven Arab countries and delivered through 50 course modules designed to provide them with skills in human resources, planning and strategy, products, accounting, supervision and finance. There will be five-day training sessions in Casablanca, Cairo, Beirut, Amman, Ramallah, Damascus and Sana’a over the next three years.
MICROCAPITAL STORY: Citi Foundation and Pakistan Poverty Alleviation Fund Announce 2007 Micro-entrepreneurship Awards Program in Pakistan to Highlight Microfinance
The Pakistan Poverty Alleviation Fund (PPAF), a Pakistani organization dedicated to assisting poor and rural communities in Pakistan, and Citi Foundation, a philanthropic outreach arm of Citigroup, announced they will hold for the third consecutive year an awards program dedicated to micro-entrepreneurship. The program, “Citi-PPAF Microentrepreneurship Awards Programme 2007,” will recognize the efforts made by micro-entrepreneurs to improve the quality of life for their families and their communities. It is designed to demonstrate the impact of microfinance on micro-entrepreneurs and poverty reduction.
MICROCAPITAL BRIEF: Citibank Pakistan, National Institutional Facilitation Technologies Partner on Digital Financial Services for Retailers in Pakistan
National Institutional Facilitation Technologies (NIFT), a Pakistani payment system operator, and the local arm of US-based financial services provider Citigroup, recently announced a “referral arrangement” under which Citibank Pakistan will refer its clients to NIFT’s infrastructure for processing digital payment services. The deal will allow corporations to
MICROCAPITAL BRIEF: DFC, Citibank Invest $300m in Access Bank for SME Financing in Nigeria
The US government’s International Development Finance Corporation (DFC) recently deployed USD 280 million in favor of Nigeria’s Access Bank to support about 4,000 small and medium-sized enterprises (SMEs), with a focus on women-owned and “climate-change focused” businesses. US-based Citibank is
MICROCAPITAL BRIEF: Citi, DFC Announce $15m Local-currency Loan to CAME of Mexico to Boost Financial Inclusion of 40,000 SMEs
Consejo de Asistencia al Microemprendedor (CAME), a Mexican microfinance institution, recently agreed to borrow MXN 300 million (USD 15 million) through a partnership between US-based bank Citi and the government-backed US International Development Finance Corporation (DFC). The proceeds of the term loan are to be
MICROCAPITAL BRIEF: Cholamandalam of India to Borrow $185m from Citibank, Guaranteed by OPIC, for Vehicle Finance for SMEs
Cholamandalam Investment and Finance Company, a member of India’s Murugappa Group, recently agreed to borrow USD 185 million from US-based financial services firm Citibank. The Overseas Private Investment Corporation (OPIC), an agency of the US government that promotes economic partnerships in countries deemed important to US interests, is guaranteeing repayment of the loan. Chola plans to use the proceeds to extend
MICROCAPITAL BRIEF: G7 Nations Raise $2.5b for 2X Challenge for Women Entrepreneurs
The Group of Seven (G7) large economies recently announced that they have mobilized a total of USD 2.47 billion in “gender-smart” investments as part of the 2X Challenge, which was initiated in 2018 by the US government’s Overseas Private Investment Corporation (OPIC). The goal of the 2X Challenge is to
MICROCAPITAL BRIEF: Banco Sudameris, OPIC, Citi Cooperate on $125m Loan Package for SMEs in Paraguay, Focusing on Women Entrepreneurs
As part of its 2X Women’s Initiative, the US government’s Overseas Private Investment Corporation (OPIC) has partnered with Colombia-based Banco Sudameris and US-based Citi to assemble USD 125 million for Banco Sudameris to lend to small and medium-sized enterprises (SMEs) in Paraguay. This includes USD 23.44 million
MICROFINANCE EVENT: Asia-Pacific Financial Inclusion Summit, Hanoi, Vietnam, March 21-22, 2017
Event Name: Asia-Pacific Financial Inclusion Summit
Event Date: March 21-22, 2017; optional field visits on March 23, 2017
Event Location: JW Marriott Hotel, Hanoi, Vietnam
Event Summary: Themed “Advancing Financial Inclusion in a Digital Age,” this event will include plenaries on topics such as collaboration and regulating digital financial services. Breakout sessions will address topics such as blockchain technology, gender, serving youth and reaching “the last mile.” On March 23, participants may visit with staff and clients of either Tinh Thuong Microfinance Institution or
MICROCAPITAL BRIEF: Asian Development Bank, Citigroup to Facilitate Up to $100m in Local Currency Loans for MFIs in Asia
The Asian Development Bank (ADB), a 67-member development finance institution headquartered in the Philippines, and Citigroup, a financial services corporation based in the US city of New York, recently announced the intention to facilitate up to USD 100 million in local-currency loans for microfinance institutions (MFIs) in Asia under the Microfinance Risk Participation and Guarantee Program.