Allianz, a German-based insurance provider, reportedly announced a three-year pilot project using satellite technology to manage crop insurance sold to rice farmers in Bangladesh, Cambodia, India, Indonesia, Thailand, the Philippines and Vietnam.
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MICROCAPITAL BRIEF: LeapFrog Acquires Majority Stake in Ghana’s Express Life Insurance For $5.5m
LeapFrog Investments, a microinsurance equity fund based in Mauritius, recently acquired a majority stake in Ghana’s Express Life Insurance Company at the cost of USD 5.5 million.
MICROFINANCE BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Issues $1.25m Loan to Hattha Kaksekar Limited of Cambodia, $800k to Alide of Benin
The Grameen Credit Agricole Microfinance Foundation (GCAMF), which was founded in Luxembourg by French bank Credit Agricole and Grameen Trust of Bangladesh, has reported to MicroCapital that it has issued a loan of USD 1.25 million with a three-year term and a one-year grace period to Hattha Kaksekar Limited (HKL), a Cambodian microfinance institution (MFI).
MICROFINANCE EVENT: Sixth Annual University of Pennsylvania Microfinance Conference, “Microfinance 2.0: An Agenda for Revival”, March 24, 2012, Philadelphia, USA
Event Name: Sixth Annual Penn Microfinance Conference “Microfinance 2.0: An Agenda for Revival”
Event Date: March 24, 2012
Event Location: Jon M Huntsman Hall, The Wharton School, University of Pennsylvania, 3730 Walnut Street, Philadelphia, Pennsylvania, USA
MICROCAPITAL BRIEF: Microinsurance Equity Fund LeapFrog Investments Hires David Steel, Niclas Thelander
LeapFrog Investments, a Mauritius-based for-profit equity fund investing in microinsurance, has announced two new hires.
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.
MICROFINANCE PUBLICATION ROUND-UP: Willingness to Pay for Business Correspondents in India, Health Microinsurance Third Party Payment Mechanisms, Accenture Development Partners Report on Microinsurance
“The Answer is ‘Yes’—Cost and Willingness to Pay in India;” by Akhand Tiwari, Akhilesh Singh, Ann-Byrd Platt, Graham A N Wright, Minakshi Ramji and Sachin Bansal; published by MicroSave; 2011; 16 pages; available at http://ami.microsave.org/sites/default/files/research_papers/CWP_Summary…
MICROCAPITAL BRIEF: Grameen Foundation’s Bankers Without Borders Alliance Partners With Association of Ethiopian Microfinance Institutions On Financial Forecasting Tools, Management Information Systems
The Association of Ethiopian Microfinance Institutions (AEMFI), a nonprofit trade group, has become the sixth partner in the Bankers Without Borders (BwB) Alliance, a volunteer program started by the US-based Grameen Foundation.
MICROCAPITAL BRIEF: MicroSave Survey: Reliance on Loan Sharks High, Microfinance Repayment Rates Low in Andhra Pradesh, India
The downturn in the microfinance industry in the Indian state of Andhra Pradesh has resulted in brisk business for traditional moneylenders according to a study entitled “What are Clients doing Post the Andhra Pradesh MFI Crisis?” from MicroSave, a microfinance advisory firm with offices in India, Indonesia, the Philippines and Uganda.
MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) to Offer Mobile Prepaid Product from Visa in Nigeria and Uganda
Visa Incorporated (Visa), a US-based payments technology company, has recently announced that it is offering under-banked consumers in developing countries prepaid, globally interoperable electronic payment accounts.
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
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Launches “Global Engagement Call” Offering to Invest in Funds Operating in Emerging Markets
The Overseas Private Investment Corporation (OPIC), an agency of the US government, has launched a Global Engagement Call, inviting proposals from qualified fund managers to invest in new, expanding or privatizing companies in any of the 150 emerging markets where OPIC operates [1].
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Issues $330k Loan Guarantee for Microfinance Institution TIAVO of Madagascar
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it provided Tahiry Ifamonjena Amin’ny Vola (TIAVO), a microfinance institution (MFI) based in Madagascar, with a 50-percent guarantee on a loan from BNI Madagascar, a subsidiary of French retail bank Credit Agricole.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it made loans to four microfinance institutions (MFIs): Hekima of the Democratic Republic of the Congo, Finance for Development LLC (FinDev) of Azerbaijan, and Chamroeun and Thaneakea Phum (Cambodia) Limited (TPC) of Cambodia.
MICROFINANCE EVENT: Challenges of Designing Shariah Compliant Microfinance, October 21, 2011, New York, United States
Event Name: The Challenges of Designing Shariah Compliant Microfinance Conference
Event Date: 6.30 pm, October 21, 2011
Event Location: Deutsche Bank Auditorium, New York, United States
MICROCAPITAL BRIEF: Microfinance Innovation Center for Resources and Alternatives (MICRA) of Philippines to Join Grameen Foundation’s Bankers without Borders Alliance, Organize Volunteer Consultants Working with Microfinance Institutions
Bankers without Borders (BwB) Alliance, a volunteer initiative of the US-based nonprofit Grameen Foundation, recently announced that Microfinance Innovation Center for Resources and Alternatives (MICRA), a microfinance consulting and advisory firm in the Philippines, will become the fifth member of the alliance [1].
MICROCAPITAL BRIEF: Citi Foundation Donating $1m to Habitat for Humanity for Microsavings, Housing Assistance, Financial Education in the Philippines, Thailand, Vietnam
The Citi Foundation, the charitable arm of US-based financial services conglomerate Citigroup, will provide a USD 1 million grant to Habitat for Humanity, a US-based nonprofit organization that focuses on affordable housing, to develop the “Citi-Habitat Home Improvement Microsavings Program.”
MICROCAPITAL BRIEF: LeapFrog to Invest $15m in India’s Shriram Group to Expand Microinsurance, Savings Offerings
LeapFrog Investments, a US-based private equity fund focusing on microinsurance activities, will invest USD 15 million in the Shriram Group, an India-based provider of financial services to low-income individuals, to help the organization expand its offering of microinsurance and savings products for up to 10 million clients.