Calvert Foundation, a US-based nonprofit organization specializing in social impact investment, recently announced that MicroVest Capital Management, a US-based private microfinance investment firm, will manage its USD 50 million microfinance investment portfolio.
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MICROCAPITAL BRIEF: Financial Sector Deepening (FSD) of Kenya, Women’s World Banking of US Partner to Serve Women in Sub-Saharan Africa
Kenya-based Financial Services Deepening (FSD), a trust that provides funding to financial institutions, and US-based Women’s World Banking (WWB), a nonprofit that works with financial institutions to provide financial tools to low-income women in 28 countries, reportedly are partnering to provide financial services to women in Sub-Saharan Africa.
MICROCAPITAL BRIEF: Wholesale Microfinance Lender Ananya Finance for Inclusive Growth (Ananya) of India Raises Equity Capital of $2.86m from Women’s World Banking, Industrial Development Bank of India
Ananya Finance for Inclusive Growth Private Limited (Ananya), a non-banking financial company (NBFC) in India, has raised INR 180 million (USD 2.86 million) in equity capital from the Isis Fund of Women’s World Banking (WWB), a US-based network of 39 microfinance institutions (MFIs), and Industrial Development Bank of India (IDBI), an Indian public-sector bank [1].
MICROCAPITAL BRIEF: Habitat for Humanity Introduces Microcredit Program for Housing in Costa Rica
Habitat for Humanity, a US-based nonprofit that seeks to provide poor people with clean, safe and affordable housing, reportedly is launching a program in Costa Rica to provide microloans to people without access to traditional housing loans.
MICROFINANCE EVENT: African Microfinance Week, Arusha, Tanzania, December 2-6, 2013
Event Name: African Microfinance Week: “Regulation of the African Microfinance Sector: 20 Years After”
Event Date: December 2-6, 2013
Event Location: The Ngurdoto Mountain Lodge (Victoria Conference Hall), Arusha, Tanzania
MICROCAPITAL BRIEF: Habitat for Humanity International, MasterCard Foundation Partner to Support Housing Microfinance in Kenya
Habitat for Humanity, a US-based nonprofit that seeks to provide poor people with clean, safe and affordable housing, and MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, reportedly are partnering to build the capacity of three unidentified Kenyan financial institutions to expand housing microfinance products over the next five years [1] [2].
MICROFINANCE EVENT: Fifth Caribbean Microfinance Forum (CMF V) NEW LOCATION AND DATES
The Fifth Caribbean Microfinance Forum (CMF V), which had been scheduled to take place in Suriname from March 31, 2014, to April 3, 2014, instead will be held in Montego Bay, Jamaica, from June 2, 2014, to June 5, 2014.
The Caribbean Microfinance Forum is an annual gathering of microfinance institutions that was launched with the support of the Caribbean Microfinance Capacity Building Project (Carib-Cap), a joint effort of the US-based Multilateral Investment Fund, the Caribbean Development Bank, the EU’s European Commission and the US-based Citi Foundation.
MICROCAPITAL BRIEF: OPIC to Support Citi in Loaning up to $200m to Support Small Businesses in Africa, Asia, Eastern Europe, Latin America
Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1].
MICROFINANCE EVENT: Habitat for Humanity Presents Fourth Asia-Pacific Housing Forum, October 2-4, 2013, Manila, Philippines
Event Name: Asia-Pacific Housing Forum Four (APHF4)
Event Date: October 2-4, 2013
Event Location: Dusit Thani, Manila, Philippines
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) to Offer Validated Social Data from Microfinance Institutions
The Microfinance Information Exchange (MIX), a US-based nonprofit, recently announced plans to release a feature on its MIX Market website in 2013 that will allow users to search for “validated social data” from microfinance institutions (MFIs) and filter out those not reporting such data.
MICROCAPITAL BRIEF: ProCredit Bank Bulgaria Launches Home Loan Program
ProCredit Bank Bulgaria, a microfinance institution (MFI) and member of Germany’s ProCredit Holding, recently launched a housing lending program for clients purchasing homes and refinancing existing home loans.
MICROCAPITAL BRIEF: Opportunity International, MicroEnsure Launch Savings-Linked Education Insurance Program, EduSave, in Malawi
Opportunity International, a US-based development nonprofit, and its subsidiary MicroEnsure, a UK-based nonprofit microinsurance intermediary, have announced the launch in Malawi of a savings-linked education insurance product called EduSave.
MICROCAPITAL BRIEF: Social Performance Task Force (SPTF) Calls for Survey Submissions by April 5, 2013
The Social Performance Task Force (SPTF), a working group initiated in 2005 by a group of NGOs based in the US and Switzerland, is calling for microfinance industry professionals to fill out an online survey intended to identify what social performance management practices are being implemented throughout the microfinance industry, what challenges exist in implementing these policies and what additional resources institutions need to achieve their social performance goals more effectively.
MICROFINANCE EVENT: Evidence on Innovations in Financial Capability Conference and Matchmaking Event, May 29 – June 1, 2013, Lima, Peru
Event Name: Evidence on Innovations in Financial Capability Conference and Matchmaking Event
Event Date: May 29 – June 1, 2013
Event Location: Universidad del Pacifico, Lima, Peru
MICROFINANCE EVENT: Evidence on Innovations in Savings and Payments Conference and Research Workshop, June 20 – 24, 2013, Kampala, Uganda
Event Name: Evidence on Innovations in Savings and Payments Conference and Research Workshop
Event Date: June 20 – 24, 2013
Event Location: Kampala, Uganda
MICROFINANCE PUBLICATON ROUND-UP: The Business Case for Life Microinsurance in the Philippines, MIX Map of Financial Inclusion in India, 2012 Sub-Saharan Africa Snapshot
“The Business Case for Life Microinsurance in the Philippines: Initial Findings;” by Richard Koven, Michael J. McCord, John Wipf and Emily Zimmerman; published by the MicroInsurance Centre; October 2012; 9 pages; available at:
http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/890-milk-brief-14-the-business-case-for-life-microinsurance-in-the-philippines-initial-findings.html
MICROFINANCE PAPER WRAP-UP: “2012 Asia Regional Snapshot”; by Amar Samarapally; published by Microfinance Information Exchange
By Amar Samarapally, published by Microfinance Information Exchange, February 2013, 19 pages, available at: http://www.themix.org/publications/mix-microfinance-world/2013/01/2012-eastern-europe-and-central-asia-regional-snapshot
This Microfinance Information Exchange (MIX) report reviews the performance of microfinance institutions (MFIs) during 2011 in two of the six world regions designated by MIX: East Asia and the Pacific (EAP) and South Asia.
MICROCAPITAL BRIEF: Multilateral Investment Fund (MIF) Donates $360k to Fundacion para el Desarrollo Socioeconomico Rural (FUNDESER) of Nicaragua to Support Transition to Regulated Status Under SIBOIF
The Multilateral Investment Fund (MIF), a member of the US-based IDB (Inter-American Development Bank) Group, recently disbursed a grant of USD 362,000 to Nicaraguan nonprofit microfinance organization Fundacion para el Desarrollo Socioeconomico Rural (FUNDESER) to support the microlender in the process of becoming regulated by the country’s Superintendency of Banks and Other Financial Institutions, which is known by the Spanish acronym SIBOIF.