Source: Condé Nast Portfolio.
Search Results for: ifc
PAPER WRAP-UP: Transitions To Private Capital – Case Studies From The Liability Side Of The Balance Sheet, by Marc de Sousa-Shields & Caroline Esther Averch
Produced for review by the United States Agency for International Development (USAID), released July 2007, written by Marc de Sousa-Shields of Enterprising Solutions and Caroline Esther Averch of Chemonics International, 26 pages, available at: http://www.microfinancegateway.org/content/article/detail/49344
Once it became evident that microfinance could be a financially sustainable enterprise, many microfinance institutions (MFIs) operating as non-governmental organizations (NGOs) sought to change their legal status to a commercial MFI. As private entities, these MFIs would not only be able to turn a profit, they would also gain access to private investors offering the debt-capital necessary to expand operations.
“Transitions To Private Capital” reviews the funding strategies employed by three Latin American MFIs following their establishment as for-profit MFIs. Below is a summary of each case, highlighting the key changes in funding, and an accompanying rationale behind each funding decision.
PRESS RELEASE: Financial Times Awards Sustainable Banking Honors to Many, Including Banco Real of Brazil as Sustainable Bank of the Year and Tops in Emerging Markets
Source: Financial Times.
MICROCAPITAL STORY: Financial Times Releases Sustainable Banking Report, Including Many Microfinance Articles
The Financial Times today released a special report on sustainable banking that can be downloaded free of charge. The report website highlights the following articles that appear in the report:
- Retreat to bottom line not an option
- Surviving the credit squeeze will not stop the drive to sustainability, says John Willman
- Europe’s emerging economies: Investors blowing hot and cold on the Baltic
PRESS RELEASE: European Fund for Southeast Europe (EFSE) Provides €10m in Local Currency to ProCredit Bank Romania
Source: European Fund for Southeast Europe (EFSE).
MICROCAPITAL STORY: AfriCap Microfinance Fund (AfriCap) of Mauritius Makes a $1.1m Equity Investment in Société de Financement de la Petite Entreprise (SOFIPE) of Burkina Faso
The Consultative Group to Assist the Poor (CGAP) reports in its list of recent transactions that AfriCap Microfinance Fund (AfriCap) made a USD 1.1 million equity investment in the newly established Société de Financement de la Petite Entreprise (SOFIPE), a microfinance institution (MFI) in Burkina Faso, on March 1st, 2008.
MICROCAPITAL STORY: Rural Microfinance Institution (MFI) Aqrarkredit of Azerbaijan to be Transformed into Full Agricultural Bank
Baku-based Aqrarkredit, a joint-stock non-banking credit organization, will be transformed into a full agricultural bank by the end of the year. The action is awaiting government approval and the chairman of the microfinance institution (MFI), Mammad Musayev, remarked that Aqrarkredit has discussed the selling of shares, upon completion of the change in status, with the European Bank for Reconstruction and Development (EBRD), a London-based international bank utilizing investment tools to encourage democracy and market economies from central Asia to central Europe since 1991, and the International Finance Corporation (IFC), a member of The World Bank Group founded in 1956. In preparation for the governmental review, Aqrarkredit recently underwent an audit conducted by KPMG, a global auditing firm operating in 145 countries.
MICROCAPITAL STORY: PlaNet Finance United Arab Emirates (PlaNet Finance UAE) Holds Golf Tournament Promoting Awareness about Microfinance amongst International Financial Firms
PlaNet Finance United Arab Emirates (PlaNet Finance UAE), a branch of the global non-governmental organization (NGO) which provides technical assistance and consulting to microfinance institutions (MFIs) in close to 60 countries, held a golf tournament entitled “Tee Off Against Poverty” on April 23rd at the Wadi by Faldo course of the Emirates Golf Club (EGC) in Dubai in an effort to increase awareness about microfinance amongst international financial firms and other global corporations, according to a press release on ArabianBusiness.com.
PRESS RELEASE: Standard Chartered, ACCION Call for Greater Capital-Market Engagement to Fund South Asian Microfinance
Source: ACCION International.
MICROCAPITAL STORY: ING Review of Deutsche Bank’s Microfinance Activities, the Microcredit Development Fund, and the Global Commercial Microfinance Consortium
The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as Deutsche Bank (DB).
MICROCAPITAL STORY: Microfinance Division of Zurich Financial Services Group Launches Microinsurance Research Project in China
Zurich Financial Services Group (Zurich) announced in April their plans to carry out a research project on microinsurance with Nan Kai University’s Department of Risk Management and Insurance (DRMI) in Tianjin, focusing on the demand for microinsurance products in China. This project is part of Zurich’s efforts to expand their insurance services offered in China to the under-privileged population segment.
MICROCAPITAL STORY: Pakistan Poverty Alleviation Fund (PPAF) to Lend $3.4m to Microfinance Institution (MFI) BRAC Pakistan
The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership that promotes economic development, has signed an agreement with microfinance institution (MFI) BRAC Pakistan to provide it a loan facility of PKR 220 million (USD 3.4 million) for micro-lending activities.
NEWS WIRE: Aga Khan Network to Open Microfinance Institution in Côte d’Ivoire
Source: Ismailimail.
MICROCAPITAL STORY: ING Review of Crédit Agricole’s Microfinance Activities and Its Partnerships with Grameen, ACBA, and Trade Associations in Madagascar
The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as Crédit Agricole SA (CA).
MICROCAPITAL STORY: ING Review of Commerzbank’s Microfinance Activities and Its Equity Stakes in ProCredit Banks
The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as Commerzbank AG.
MICROCAPITAL STORY: The World Bank Gives $6mn to Rwandan Government for Microfinance Sector Reforms
The World Bank will grant USD 6 million to the Rwandan government for the ongoing reform of the microfinance sector. The injection will also support the improvement of auditing and accounting standards and strengthen the regulation and supervision of non-bank financial institutions (NBFI) and microfinance institutions (MFI).
MICROCAPITAL STORY: The African Development Bank (ADB) Approves US $900,000 Investment in Access Holding AG-Sponsored Access Bank Liberia (ABL) and $1m grant to Support Micro-enterprises in Liberia
In an effort to support post-conflict recovery in Liberia, the African Development Bank (ADB) approved an equity investment of USD 900,000 in Access Bank Liberia (ABL) and a USD 1 million grant from the ADB-managed Fund for African Private Sector Assistance (FAPA) to be used in the development of micro-enterprises in the region.
MICROCAPITAL STORY: ING Review of AXA Group’s Microfinance Activities and AXA World Fund’s Microfinance Investments
The Dutch Bank ING published its updated 2008 study on commercial bank microfinance activity, called “A Billion to Gain? The Next Phase”. A MicroCapital summary of the paper can be read here. MicroCapital is reviewing the microfinance activities of several of large international banks covered in the study, such as the AXA Group.