The Participatory Microfinance Group for Africa (PAMIGA), a Paris-based microfinance network, has opened an office in Ethiopia with the support of the United Nations Capital Development Fund (UNCDF) MicroLead Program, which aims to promote microsavings.
Search Results for: microfinance financial crisis
MICROCAPITAL BRIEF: International Finance Corporation (IFC), India’s Microfinance Institutions Network (MFIN) Promote Reporting to Credit Information Bureau
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Microfinance Institutions Network (MFIN), a self-regulatory organization of Indian microfinance institutions, are working together to encourage microfinance institutions to start reporting to the country’s Credit Information Bureau, which is intended to promote responsible lending.
MICROCAPITAL BRIEF: Bank Loans to Indian Microfinance Institutions Slow Down in First Half of Fiscal Year
According to data released by the Reserve Bank of India, bank loans to Indian microfinance institutions (MFIs) and self-help groups (SHGs) dropped during the first half of the fiscal year to INR 22,480 crore (USD 4.35 billion).
MICROCAPITAL BRIEF: United Nations Capital Development Fund Seeks Financial, Technical Service Providers to Expand Savings Microfinance Program MicroLead
The United Nations Capital Development Fund (UNCDF), an agency that provides investment capital and technical advice to developing countries, has launched a request for applications for the expansion of its MicroLead program, which seeks to support financial service providers and technical service providers in expanding the availability of savings services to new markets in Sub-Saharan Africa [1].
MICROFINANCE EVENT: US Agency for International Development (AID) to Host Seminar, “Overview of Microfinance Markets and Investment Opportunities in Russia and China”, Washington, DC, USA, November 3, 2011, Available in Person and Online on Microenterprise Learning Information and Knowledge Sharing Microlinks, Knowledge-Driven International Development (KDID) Portal
Event Name: Microlinks After Hours Seminar #57: Overview of Microfinance Markets and Investment Opportunities in Russia and China
Event Date: November 3, 2011, 9:00am – 10:30am
Event Location: Online or at QED Group LLC, 1250 Eye Street NW, 11th Floor, Washington, DC 20005, USA
MICROFINANCE EVENT: MFTransparency, Agence Française de Développement, UN Capital Development Fund, Luxembourg Cooperation, African Microfinance Network, CGAP (Consultative Group to Assist the Poor) to Host African Microfinance Pricing Transparency Leadership Forum, October 5-7, 2011 in Nairobi, Kenya
Event Name: African Microfinance Pricing Transparency Leadership Forum
Event Date: October 5 – October 7, 2011
Event Location: Nairobi, Kenya
MICROFINANCE EVENT: Microfinance: Is There Really a Crisis? Webinar on October 4, 2011, Organized by LocalVoice4Development
Event Name: Microfinance: Is There Really a Crisis?
Event Date: 9 AM, Eastern US time, October 4, 2011
Event Location: Webinar
MICROCAPITAL BRIEF: Due Diligence Critical as Indian Banks Select Business Correspondents to Downscale to Microfinance, Opines Ramesh S Arunachalam
Indian rural finance practitioner Mr Ramesh S Arunachalam recently addressed the need for due diligence in the business correspondent (BC) model that the Reserve Bank of India (RBI), India’s central banking authority, adopted in 2010 to increase financial access for low-income people [1].
MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in India Attempt to Raise Funds Using “Crowd Sourcing”
Microfinance institutions (MFIs) in India have increasingly been exploring “crowd sourcing” to raise funds since traditional sources of funding such as banks and private equity houses have significantly decreased their investments following the “microfinance crisis” that began in 2010 in the state of Andhra Pradesh.
MICROCAPITAL BRIEF: Association of Karnataka Microfinance Institutions Releases Client Survey Data from “Competition and the Role of External Agents: The 2009 Delinquency Crisis in Southern Karnataka” by CGAP, EDA Rural Systems
The Association of Karnataka Microfinance Institutions (AKMI), a community development organization in the rural Indian state of Karnataka, recently made public the client survey data from “Competition and the Role of External Agents: The 2009 delinquency crisis in southern Karnataka,” a study released in 2010 that was conducted by US-based nonprofit CGAP (Consultative Group to Assist the Poor) and EDA Rural Systems, an India-based research and capacity building organization.
MICROCAPITAL BRIEF: MicroRate’s “The State of Microfinance Investments 2011” Indicates Resilience During Economic Downturn
MicroRate, a US-based microfinance rating agency, recently announced the release of its sixth annual survey of microfinance investment vehicles (MIVs), “The State of Microfinance Investments 2011.”
MICROFINANCE PAPER WRAP-UP: Discovering Limits: Global Microfinance Valuation Survey 2011; By Frederic de Mariz, Xavier Reille, Daniel Rozas; Published by JP Morgan, CGAP (Consultative Group to Assist the Poor)
By Frederic de Mariz, Xavier Reille and Daniel Rozas; published by JP Morgan and CGAP (Consultative Group to Assist the Poor); July 2011; 29 pages; available at: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.52137
MICROCAPITAL BRIEF: Indian Government Publishes Draft of Microfinance Institutions Bill, Would Make Reserve Bank of India (RBI) Sole Regulator, Establish Microfinance Development Council, Microfinance Development Fund
After months of deliberations and input from academics, policymakers and practitioners, the Indian government has published a draft of its “Microfinance Institutions (Development and Regulation) Bill,” as the first version of a future authoritative policy to govern the domestic microfinance sector.
MICROCAPITAL BRIEF: United Bank of India to Loan $22m to Microfinance Institution Bandhan Financial Services Amid “Opening Up of Bank Credit”
The government-owned United Bank of India (UBI), recently sanctioned a loan of INR 100 crore (USD 22.5 million) to Bandhan Financial Services, a microfinance institution (MFI) in India [1].
MICROCAPITAL BRIEF: Indian Microfinance Institution BSFL Threatened by Deterioration in Portfolio Quality, Urgently Seeks New Funding to Stave Off Potential Collapse
Bhartiya Samruddhi Finance Limited (BSFL), an Indian microfinance institution (MFI) and member of the BASIX Group, has witnessed a sharp downturn in the quality of its loan portfolio and reportedly may not be able to continue operations without additional funding.
MICROFINANCE EVENT: National Partnership of Microfinance Market Stakeholders (NAMMS), Russian Microfinance Center (RMC) to Host Tenth Anniversary National Conference on Microfinance, Moscow, Russia, November 16 – November 18, 2011
Event Name: Tenth Anniversary National Conference on Microfinance – “New Decade, New Challenges: Regulation as a Driver of Development”
Event Date: November 16, 2011 to November 18, 2011
Event Location: Moscow, Russia
MICROCAPITAL BRIEF: Microfinance Institutions in India Continue to Struggle for Funding After Loan Recast, Adoption of Malegam Proposals
Microfinance institutions (MFIs) in India reportedly continue to struggle after recasting of a significant portion of their wholesale debt and the adoption by the Reserve Bank of India (RBI), the country’s central banking authority, of many of the Malegam Committee’s proposals on regulating the sector.
MICROCAPITAL BRIEF: Indian Microfinance Institutions (MFIs) May Become Business Correspondents (BCs) for Commercial Banks
Indian microfinance institutions (MFIs), which have seen a downturn in business and portfolio quality since the Andhra Pradesh crisis that began in late 2010, are considering a business model that would make them intermediaries between commercial banks and poor people in rural areas.