MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Releases Youth Policy

United States Agency for International Development (USAID), a US-based government agency that provides international economic and humanitarian assistance, recently released a policy focused on youth in developing nations that recognizes young people “as a driving force in global development.”

MICROCAPITAL BRIEF: US Agency for International Development (USAID), FINCA Jordan Launch Youth Finance Project

A Youth Finance Project intended to boost the Jordanian microbusiness environment has been launched by the United States Agency for International Development (USAID), a US government agency that provides international economic and humanitarian assistance and FINCA Jordan, a microfinance institution (MFI) that is part of the US-based FINCA International microfinance network.

MICROCAPITAL BRIEF: USAID, Citi to Bring Mobile Money Technology to Colombia, Haiti, Indonesia, Kenya, the Philippines

The US Agency for International Development (USAID) and Citi, a US-based bank, recently announced a partnership that will focus on increasing financial inclusion in developing countries through “mobile money” technology.

MICROCAPITAL BRIEF: Grameen Foundation, USAID Issue $1m Guarantee to Microfinance Institution Proempresa of Peru

Grameen Foundation, a US-based nonprofit organization that aims to help microfinance institutions (MFIs) replicate Grameen Bank’s joint-liability lending model, and the United States Agency for International Development (USAID), a government agency that provides economic and humanitarian assistance, have issued a USD 1 million joint guarantee to support Proempresa, a Peru-based MFI.

MICROCAPITAL BRIEF: Microfinance and Microenterprise Enhancement Act of 2011 to Further USAID’s Financial Inclusion Concepts

The United States Senate recently introduced the Microfinance and Microenterprise Enhancement Act of 2011, which proposes that the United States Agency for International Development (USAID) focus its financial inclusion efforts on incorporating the use of technology and serving vulnerable groups, very poor people and women, [2].

MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Provides $2.71m Loan Guarantee to Cambodian Microfinance Institution Thaneakea Phum to Support Agriculture

The United States Agency for International Development (USAID) has signed a four-year agreement to provide a 50-percent guarantee on a loan of up to USD 2.71 million for Cambodian microfinance institution Thaneakea Phum (Cambodia) Limited (TPC). Sok Voeun, TPC’s chief operations officer, reportedly said that USAID “will support us in providing more loans to the agriculture sectors in the four provinces” referring to Kampong Thom, Pursat, Battambang and Siem Reap.

MICROCAPITAL BRIEF: Grameen Foundation, US Agency for International Development (USAID) to Provide $1.5m in Credit Guarantees to Back Local-Currency Loans From Peruvian Credit Union Abaco to Microfinance Institutions (MFIs) Pro Mujer, Asociación Arariwa of Peru

Grameen Foundation, a US-based nonprofit organization that supports microfinance institutions (MFIs), and the United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, will respectively provide credit guarantees worth USD 300,000 and USD 1.2 million to Cooperative de Ahorro y Credito Abaco, a Peruvian credit union.

MICROFINANCE EVENT: United States Agency for International Development (USAID) to Host Seminar, “Government Payments and Savings: A Last Mile Approach”, Washington, DC, USA, August 25, 2011, Available in Person and Online on Microenterprise Learning Information and Knowledge Sharing (microLINKS), Knowledge-Driven International Development (KDID) Portal

Event Name: microLINKS After Hours Seminar #54: Government Payments and Savings: A Last Mile Approach

Event Date: August 25, 2011, 4:00pm – 5:30pm

Event Location: Online or at QED Group LLC, 1250 Eye Street NW, 11th Floor, Washington, DC 20005, USA

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: USAID, VEGA/IESC Announce Second Phase of “Lebanon Investment in Microfinance” Program

The US Agency for International Development (USAID), a government institution that provides economic and humanitarian assistance, and Volunteers for Economic Growth Alliance / International Executive Service Corps (VEGA/IESC), a US-based partnership focusing on private sector development, recently announced the commencement of the second phase of the Lebanon Investment in Microfinance (LIM) program, which will provide funding to seven microfinance institutions (MFIs) in Lebanon: Association for the Development of Rural Capacities (ADR); Association d’Entraide Professionelle (AEP); Al Majmoua; Ameen; Lebanese Cooperative for Development (CLD in French); Emkan; and Makhzoumi Foundation.

MICROFINANCE EVENT: USAID, SHOPS Present “Panel Discussion on Wealth and Health: Leveraging Microfinance for Better Health Outcomes,” June 13, 2011, Washington, DC, USA, And Online

Event Name: Panel Discussion: Wealth and Health: Leveraging Microfinance for Better Health Outcomes

Event Date: June 13, 2011

Event Time: 11:00 am to 1:00 pm

Event Location: Online or at the Diplomat Ballroom, Omni Shoreham Hotel, 2500 Calvert Street NW, Washington, DC, USA

MICROCAPITAL BRIEF: Haiti Mobile Money Initiative, Managed by World Council of Credit Unions (WOCCU), Continues to Seek Recipients for $12m in Grants for Development of Mobile Payment Platforms from Gates Foundation, USAID

The Haiti Mobile Money Initiative (HMMI), a competition developed by the Haiti Integrated Finance for Value Chains and Enterprises (HIFIVE) that provides prize money from the Bill and Melinda Gates Foundation and US Agency for International Development (USAID), continues to accept proposals from private sector organizations to develop mobile money services in Haiti.

MICROFINANCE EVENT: United States Agency for International Development (USAID) to Host Seminar, “Is Microfinance Ready for Social Performance Certification?”, available in Person and Online on Microenterprise Learning Information and Knowledge Sharing (microLINKS), Knowledge-Driven International Development (KDID) Portal, May 4, 2011

Event Name: microLINKS After Hours Seminar #51: Is Microfinance Ready for Social Performance Certification?

Event Date: May 4, 2011, 4:00 pm – 6:30 pm

Event Location: Online or at 1250 Eye Street, NW, 11th Floor, Washington, DC 20005, USA

MICROCAPITAL BRIEF: Migrant-backed Loans: Mobilizing Remittances in Guatemala – Findings from William Davidson Institute, World Council of Credit Unions Presented at USAID

This “After Hours Seminar”, which was sponsored by the US Agency for International Development (AID), featured Messrs Khalid Al-Naif and Raul Reynoso from the William Davidson Institute (WDI), a think tank based at the University of Michigan in the US city of Ann Arbor, and Mr Saul Wolf from the World Council of Credit Unions (WOCCU), a US-based trade association, to discuss how to leverage remittances to mobilize microenterprise development in Guatemala.

MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Announces Launch of $30m Nepal Economic, Agriculture and Trade (NEAT) Project, Which Will Include Support for Microfinance

In its effort to support private sector development in Nepal, the United States Agency for International Development (USAID), a government agency that provides international economic and humanitarian assistance, recently launched the USD 30 million Nepal Economic, Agriculture and Trade (NEAT) project.

MICROFINANCE EVENT: United States Agency for International Development (USAID) After Hours Seminar #50 – Migrant-backed Loans: Mobilizing Remittances in Guatemala, Washington, DC, United States, April 7, 2011

Event Name: USAID After Hours Seminar #50 – Migrant-backed Loans: Mobilizing Remittances in Guatemala

Event Date: April 7, 2011

Event Location: Washington, DC, United States

MICROFINANCE EVENT: United States Agency for International Development (USAID) to Host Online Discussion Forum, “Cracking the Nut of Rural and Agricultural Finance,” on Microenterprise Learning Information and Knowledge Sharing (microLINKS), Knowledge-Driven International Development (KDID) Portal, April 5-7, 2011

Event Name: microLINKS Speakers Corner #43: Cracking the Nut of Rural and Agricultural Finance

Event Date: April 5 – April 7, 2011

Event Location: Online

MICROCAPITAL BRIEF: International Finance Corporation (IFC), European Donors, USAID Partner for Development of South Sudan Private Sector

The government of South Sudan and the International Finance Corporation (IFC), the private investment arm of the World Bank Group, recently launched a program to develop South Sudan’s private sector with USD 9 million in funding from donors that include the governments of Denmark, Ireland, the Netherlands, Norway and the United States.