According to a statement attributed to Killi Kruparani, India’s minister of state for communications and information technology, a mobile money order service will be available at post offices in the Indian state of Andhra Pradesh beginning in October 2013.
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MICROFINANCE EVENT: West Africa Business School to Host 2nd International Conference on Bancassurance in Africa, June 11-13, 2013, Accra, Ghana
Event Name: International Conference on Bancassurance in Africa
Event Date: June 11-13, 2013
Event Location: La Palm Beach Royal Hotel, Accra, Ghana
MICROCAPITAL BRIEF: MTN Mobile Money, Mobile Financial Services (MFS) Partner to Launch KwikAdvance Payday Loans in Ghana
Mobile Telecommunications Network (MTN) Mobile Money, an arm of South African telecommunications company MTN Group, reportedly has partnered with Mobile Financial Services (MFS) Africa, a for-profit firm based in Mauritius, to launch KwikAdvance in Ghana.
MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Patriarchy, Connecting the World’s Poorest People to the Global Economy, “Best Practices” in Serving Small Businesses
“Microfinance and Patriarchy: A Drift Away from Serving Women;” published by Knowledge @ Wharton; 2013; 3 pages; available at: http://knowledge.wharton.upenn.edu/createpdf.cfm?articleid=3169
This report highlights the importance of gender equality in the provision of microfinance and focuses on the negative impacts of patriarchal attitudes on lending practices.
MICROCAPITAL BRIEF: Anne Hastings of Fonkoze Outlines Framework for National Mobile Money Systems
Anne Hastings, CEO of Haitian microfinance institution Fonkoze Financial Services, recently summarized the challenges outlined by a panel hosted by the Better Than Cash Alliance (BTC), a US-based NGO that promotes financial inclusion through mobile banking, at the World Economic Forum in Davos, Switzerland, in January 2013. The panel discussed the benefits and challenges of making the transition from cash to electronic payments.
MICROFINANCE EVENT: AITEC Banking and Mobile Money West Africa, July 10 – 11, 2013, Accra, Ghana
Event Name: African Information & Communication Technology Exhibition & Conference’s (AITEC’S) Banking and Mobile Money in West Africa 2013: “Consolidating and monetizing the gains of innovation”
Event Date: July 10 – 11, 2013
Event Location: Accra International Conference Centre, Accra, Ghana
MICROFINANCE EVENT: AITEC Financial Services and Investment Options for a Secure Future, February 14-16, 2013, Nairobi, Kenya
Event Name: The African Information & Communication Technology Exhibition & Conference (AITEC) Finance for Your Future 2013: Financial Services and Investment Options for a Secure Future
Event Date: February 14-16, 2013
Event Location: Nairobi, Kenya
MICROCAPITAL BRIEF: Number of Mobile Money Subscribers in Kenya Down 1%, Total Transaction Value Up 7% During Quarter Ending September 2012
The Communications Commission of Kenya (CCK), a state-owned regulatory authority for the communications industry in the country, has released a report showing that the number of mobile money service subscribers dropped by 200,000 to 19.3 million between July and September 2012.
MICROCAPITAL BRIEF: Advans SA Launches Microfinance Institution in Pakistan
Advans SA SICAR (Advans SA), a microfinance investment vehicle managed by Horus Development Finance of France, recently announced the opening of Advans Pakistan Microfinance Bank (MFB) in Karachi, Pakistan.
MICROFINANCE EVENT: Africa Microinsurance Microfinance Conference 2013, March 26-28, 2013, Accra, Ghana
Event Name: Africa Microinsurance Microfinance Conference 2013
Event Date: March 26-28, 2013
Event Location: Accra, Ghana
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to La Nacional of the Dominican Republic for Housing, Small and Medium-Sized Enterprise (SME) Lending
The International Finance Corporation (IFC), a member of the World Bank Group, reportedly has disbursed a loan of DOP 195 million (USD 4.8 million) to Asociacion La Nacional de Ahorros y Préstamos, a microfinance institution in the Dominican Republic, to increase its mortgage lending for housing and loan financing for small and medium-sized enterprises.
MICROCAPITAL BRIEF: FirstRand Bank of South Africa Receives $300m Line of Credit from African Development Bank (AfDB)
The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, recently approved a seven-year line of credit in the amount of USD 300 million to FirstRand Limited, a financial service provider based in South Africa that operates in seven African countries.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Launching Business Edge Training Program in South Sudan
The International Finance Corporation (IFC), an arm of the World Bank Group, recently agreed to expand its Business Edge training program, which was launched in 2002, to South Sudan in an effort to aid small businesses within the country.
MICROCAPITAL EVENT: Small Business Banking Network Hosts Conference on Financing Women Entrepreneurs in Africa, February 18-19, 2013, Dar es Salaam, Tanzania
Event Name: Advancing Women Entrepreneurs: Financing Women-Led Businesses
Event Date: February 18-19, 2013
Event Location: Dar es Salaam, Tanzania
MICROCAPITAL BRIEF: TransferTo Partners with AT&T, Taiwan Mobile, Korvac Holdings to Allow Customers to Send, Receive Phone Airtime in the Americas and Asia
TransferTo International, a telecommunications company incorporated in Singapore, recently partnered with AT&T, a US-based telecommunications provider, to allow AT&T mobile phone subscribers in the US to execute TransferTo International Top-Ups via short message service (SMS), also known as text messaging.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $10m to AccessBank Azerbaijan
AccessBank, a microfinance institution (MFI) based in Azerbaijan, recently received a USD 10 million loan from European Fund for Southeast Europe (EFSE), a Luxembourg-based organization focused on economic development in southeastern Europe and parts of Central Asia, to expand its loan portfolio.
MICROCAPITAL BRIEF: African Development Bank (AfDB) Microfinance Capacity Building Fund (MCBF) Offering up to $500k per Institution
The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, recently announced its second call for proposals for the Microfinance Capacity Building Fund (MCBF), which was launched by AfDB and the government of Spain to expand the outreach of the African financial sector.
MICROCAPITAL BRIEF: First National Bank Namibia Releases Mobile Money Service
After awaiting regulatory approval for over a year, First National Bank (FNB) Namibia, a unit of FNB South Africa, recently released its e-Wallet service, which allows customers to transfer funds via the mobile phones of individuals, including to recipients who do not have bank accounts.