MICROCAPITAL BRIEF: Winners of CGAP’s (Consultative Group to Assist the Poor’s) 2009 Microfinance Photography Contest Announced

CGAP (Consultative Group to Assist the Poor), an independent policy and research center, recently announced the winners of its 2009 Microfinance Photography Contest.

MICROFINANCE PAPER WRAP-UP: All Eyes on Asset Quality: Microfinance Global Valuation Survey 2010 Published by CGAP, Written by Xavier Reille, Christoph Kneiding, Daniel Rozas, Nick O’Donohoe and Frederic Rozeira de Mariz

Written by Xavier Reille, Christoph Kneiding, Daniel Rozas, Nick O’Donohoe and Frederic Rozeira de Mariz, published by CGAP (Consultative Group to Assist the Poor), March 2010, 40 pages, available at: http://www.cgap.org/gm/document-1.9.42531/OP16R.pdf

The authors of the paper aim to provide the investor community with benchmarks for the valuation of microfinance assets using two datasets, one being a sample of 200 private equity transactions between 2005 and 2009, the other being data on eight publicly listed low-income financial institutions (LIFIs).

MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) and CGAP (Consultative Group to Assist the Poor) Criticize Muhammad Yunus’ Method of Judging Microfinance Institutions’ (MFIs’) Interest Rates

Microfinance Information Exchange (MIX) Lead Researcher, Mr Adrian Gonzalez, has published a report on MIX titled, “Analyzing Microcredit Interest Rates: A Review of the Methodology Proposed by Mohammed Yunus.”

MICROCAPITAL BRIEF: Microfinance Institution (MFI) Equity Valuations Rise in 2009 as Portfolio Quality Falls, Says Report by JP Morgan and CGAP (Consultative Group to Assist the Poor)

A new report by CGAP (Consultative Group to Assist the Poor) and JP Morgan shows that despite the global financial crisis, microfinance institution (MFI) equity valuations continued to rise across all regions during 2009.

MICROCAPITAL BRIEF: United Kingdom’s Department for International Development (DFID) to Provide $12.1m to CGAP (Consultative Group to Assist the Poor) Technology Program to Promote Mobile Banking for the Low-Income Sector

The United Kingdom’s Department for International Development (DFID) will provide GBP 8 million, the equivalent of over USD 12.1 million, to the CGAP (Consultative Group to Assist the Poor) Technology Program.

MICROCAPITAL BRIEF: CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank partner to launch Islamic Microfinance Challenge 2010

CGAP (Consultative Group to Assist the Poor), a policy and research center; Deutsche Bank, a European commercial bank with a microfinance program; Grameen-Jameel, a company that provides support to microfinance institutions (MFIs); and the Islamic Development Bank, an international finance institution, recently announced the Islamic Microfinance Challenge, a contest intended to promote the innovative design of Shariah-compliant products for Islamic microfinance clients.

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Focus Note Examines Consumer Protection Regulation in Microfinance Industry

A new CGAP (Consultative Group to Assist the Poor) Focus Note examines “what consumer protection regulation should look like in places where consumers are poor, access to finance is limited, and regulatory capacity is often overstretched.”

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Article Discusses Tradeoffs in Encouraging Healthy Competition in Microfinance Sector

A recent article featured on the CGAP (Consultative Group to Assist the Poor) website discusses a new series of Policy Framing Notes by regulatory expert Dr David Porteous concerning the tradeoffs that regulators face in trying to encourage healthy competition in the microfinance industry.

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Releases “Technical Guide for Investors on Implementing the Client Protection Principles”

CGAP (Consultative Group to Assist the Poor) has released the “Technical Guide for Investors on Implementing the Client Protection Principles,” as part of a wider consumer protection campaign focusing on fair lending within the microfinance industry.

MICROCAPITAL EVENT: “Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance,” April 26 – 30, 2010, Bali, Indonesia

Event Name: Developing Inclusive Financial Systems: The CGAP Course for Funders of Microfinance

Event Date: April 26 – 30, 2010

Event Location: Bali, Indonesia

See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events

MICROCAPITAL BRIEF: Existing Government Payment Programs Could Bring More Rural Poor Into Financial System, According to Report by CGAP (Consultative Group to Assist the Poor) and Department for International Development (DFID)

According to a new report from CGAP (Consultative Group to Assist the Poor) and the U.K.’s Department for International Development (DFID) entitled, ‘Banking the Poor via G2P Payments,’ existing government payment programs could bring many more poor people into the formal financial services system.

MICROCAPITAL BRIEF: Mr Richard Rosenberg of CGAP (Consultative Group to Assist the Poor) Examines Effectiveness of Microcredit as Doubts Grow

In a recently published article by CGAP (Consultative Group to Assist the Poor) entitled, ‘Does Microcredit Really Help Poor People,’ Mr Richard Rosenberg examines the scrutiny surrounding the effectiveness of microcredit in alleviating poverty.

MICROCAPITAL EVENT: “Thirteenth Annual Digital Money Forum” March 10-11, 2010, London, Provided by CGAP (Consultative Group to Assist the Poor), With Support from ACI Worldwide and Sponsorship by Visa

Event Name: Thirteenth Annual Digital Money Forum

Event Date/Time: March 10 – 11, 2010

Event Location: Guoman Hotel, Charing Cross, London

Event Website: http://www.digitalmoneyforum.com/

See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events

MICROFINANCE PAPER WRAP UP – CGAP Due Diligence Guidelines For The Review Of Microcredit Loan Portfolios, by Robert Peck Christen and Mark Flaming

Written by Robert Peck Christen and Mark Flaming of CGAP (Consultative Group to Assist the Poor), published by the World Bank Group in December 2009, 58 pages, available at: http://www.cgap.org/gm/document-1.9.36521/DueDiligence_TechGuide_ENG.pdf

The purpose of this paper is to provide a method of acquiring an understanding of the underlying quality of the loan portfolio of an microfinance institution (MFI) for banking regulators, donor agencies, and potential investors.

MICROCAPITAL BRIEF: CGAP Releases Updated “Due Diligence Guidelines for the Review of Microcredit Loan Portfolios” by Robert Peck Christen and Mark Flaming

The World Bank’s CGAP (Consultative Group to Assist the Poor) has released an updated version of its “Due Diligence Guidelines for the Review of Microcredit Loan Portfolios: A Tiered Approach,” which offers techniques to assess the extent to which microfinance institutions (MFIs) are likely to collect on their loan assets. 

MICROCAPITAL BRIEF: Branchless and Mobile Banking Could Become Top Microfinance Channel by 2020 Says CGAP Focus Note

Branchless and mobile banking could become the most common ways for poor people to get financial services by the year 2020 according to the recent “Scenarios for Branchless Banking in 2020” report from CGAP and the UK Department for International Development (DFID).

MICROFINANCE PAPER WRAP UP: CGAP Financial Access 2009: Measuring Access To Financial Services Around The World

Written by CGAP (Consultative Group to Assist the Poor), Published by the World Bank Group in September 2009, 92 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.38735/

According to this report, a common indicator for access to savings services is to measure the number of savings accounts actually owned by the poor.  Microenterprises with access to savings accounts invest more in their businesses, consume more and are less prone to sell off business assets to pay for medical emergencies.  Policies that promote savings account ownership among microfinance institutions (MFIs), cooperatives and state-owned financial institutions, like postal banking networks, have the potential to reach many poor clients in developing countries.  However, regulators in developing countries must also adapt traditional bank policies in order to maximize savings account ownership among the poor.