The Microcredit Regulatory Authority (MRA) of Bangladesh will reportedly create a security fund for the benefit depositors of microfinance institutions (MFIs) in the country.
Search Results for: Bangladesh to Establish Deposit Insurance Fund for Microfinance Institutions
MICROCAPITAL BRIEF: Bangladesh Bank (BB) to Introduce Agent Banking
Bangladesh Bank (BB), the central bank of Bangladesh, reportedly will allow agent banking for services such as deposits, cash withdrawal, fund transfers, bill payment, remittances and receiving salary and government payments.
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1m to VisionFund Senegal for Microfinance Lending
The Luxembourg-based Grameen Crédit Agricole (GCA) Foundation recently announced a local-currency loan worth the equivalent of EUR 1 million (USD 1 million) to VisionFund Senegal, which is controlled by the US-based, Christian nonprofit World Vision International. VisionFund Senegal provides
MICROCAPITAL BRIEF: Genie Enables 14m Bank of Ceylon Customers to Upload Funds for Digital Payments to Retailers, Utilities, Schools, Friends, Family in Sri Lanka
The operators of Genie, an app for performing financial transactions in Sri Lanka, recently partnered with the state-owned Bank of Ceylon (BOC) to allow the 14 million customers of BOC to upload funds to Genie, which can “securely hold credit and debit cards, current and savings accounts and eZ Cash accounts to promote seamless payment experiences.” Genie and the mobile wallet eZ Cash are
MICROCAPITAL BRIEF: Grameen Crédit Agricole Foundation Loans $1.65m to Kreditimi Rural i Kosoves (KRK) for Microfinance in Kosovo
Kreditimi Rural i Kosoves (KRK), a microlender in Kosovo, recently borrowed EUR 1.5 million (USD 1.65 million)
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lends $840k to Mali’s Réseau de Micro-institutions de Croissance de Revenus (RMCR), Part for Microinsurance
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions and social businesses, recently informed MicroCapital that it has committed to extending two loans denominated in CFA francs to Réseau de Micro-institutions de Croissance de Revenus (RMCR), a savings and credit union in Mali.
MICROCAPITAL BRIEF: BIMAS of Kenya, AMZ of Zambia, PAIDEK of DR Congo Borrow $2m from Grameen Credit Agricole Microfinance Foundation
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has committed to extending the following local-currency loans in phases over three years: the equivalent of USD 838,000 to Business Initiatives and Management Assistance Services (BIMAS) of Kenya, the equivalent of USD 582,000 to Agora Microfinance Zambia (AMZ), and the equivalent of USD 582,000 to Promotion et Appui aux Initiatives de Développement Economique du Kivu (PAIDEK) of the Democratic Republic of the Congo.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $5m to Cambodia’s Chamroeun, AMK, LOLC Micro Credit
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to social businesses, recently informed MicroCapital that it has disbursed the following loans to Cambodian microfinance institutions (MFIs): the local-currency equivalent of USD 540,000 to Chamroeun Microfinance; a pair of transactions totaling USD 2.2 million to Angkor Mikroheranhvatho Kampuchea (AMK), which was founded by Ireland-based NGO Concern Worldwide; and USD 2.2 million to the Lanka Orix Leasing Company Micro Credit Limited (LOMC), which was formerly known
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $420k to Burkina Faso’s ASIENA, $330k to Agora Microfinance Zambia
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs), recently informed MicroCapital that it is loaning the local-currency equivalent of EUR 380,000 (USD 422,000) over three years to
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $2.4m in Kenya to Juhudi Kilimo, Musoni Kenya, ECLOF
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs), recently informed MicroCapital that it has loaned the local-currency equivalent of EUR 1.2 million (USD 1.3 million) to
MICROCAPITAL BRIEF: Agora Microfinance, BRAC, Juhudi Kilimo, One Acre Fund, Opportunity, VisionFund International Launch “Propagate” Coalition to Support Financing of Small-scale Farmers
Six microfinance organizations based on four continents recently formed a coalition, called Propagate, to encourage the financing of small-scale farmers to help them improve their productivity and access to markets by (1) lowering economic barriers to entry; (2) enabling growth of financial services for smallholders; and (3) creating commercial and operational partnerships. The founding coalition members are Netherlands-based Agora Microfinance; Bangladesh-based development organization BRAC; for-profit Kenyan microlender Juhudi Kilimo; One Acre Fund, an NGO serving farmers in four African countries; US-based Opportunity International and UK-based VisionFund International.
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Invests $2.4m in Cambodian Microfinance Institutions Chamroeun, Thaneakea Phum Cambodia (TPC)
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently issued the following two loans to Cambodian MFIs:
MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Loans $1.2m to Kenya’s Juhudi Kilimo, Uganda Microcredit Foundation (UMF), Uganda’s Encot
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following three loans in local currency equivalent to: (1) EUR 482,000 (USD 555,000) over a two-year period to Juhudi Kilimo, a for-profit provider of microloans and microinsurance in Kenya; (2) EUR 293,000 (USD 339,000) over a three-year period to Uganda Microcredit Foundation (UMF), a microfinance institution offering financial services to “economically active” Ugandans; and (3) EUR 257,000 (USD 297,000) over a three-year period to Encot, a provider of microloans to rural enterprises in Uganda [1].
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Lending $1.5m to Chamroeun Microfinance of Cambodia, Koperasi Mitra Dhuafa (Komida) of Indonesia, Tuba Rai Metin (TRM) of Timor-Leste
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based investor in microfinance institutions (MFIs) and other social businesses, recently notified MicroCapital that it is disbursing local-currency loans totalling the equivalent of EUR 1.2 million (USD 1.5 million) to three MFIs in South-East Asia: Chamroeun Microfinance, a Cambodian MFI that offers savings, loans and microinsurance, will receive EUR 507,000 (USD 634,000) over a three-year period; Koperasi Mitra Dhuafa (Komida), an Indonesian MFI, will receive EUR 370,000 (USD 463,000) over a four-year period; and Tuba Rai Metin (TRM), a nonprofit MFI that serves women and small businesses in Timor-Leste, will receive EUR 299,000 (USD 374,000) over three years [1].
MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $200k to Mec Fadec of Senegal, $680k to TIAVO of Madagascar
The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by French Bank Credit Agricole and Bangladeshi NGO Grameen Trust, recently informed MicroCapital that it has disbursed the second half of a loan in local currency equal to EUR 152,000 (USD 207,000) to Mec Fadec, a Senegalese microfinance institution (MFI), and a loan of EUR 500,000 (USD 681,000) to Tahiry Ifamonjena Amin’ny Vola (TIAVO), a Madagascar-based MFI.
MICROFINANCE PUBLICATION WRAP-UP: “Financial Inclusion and Development: Recent Impact Evidence;” by Robert Cull, Tilman Ehrbeck, Nina Holle; published by CGAP (Consultative Group to Assist the Poor)
“Financial Inclusion and Development: Recent Impact Evidence;” by Robert Cull, Tilman Ehrbeck and Nina Holle; published by CGAP (Consultative Group to Assist the Poor) as Focus Note Number 92; April 2014; 12 pages; available at http://www.cgap.org/sites/default/files/FocusNote-Financial-Inclusion-and-Development-April-2014.pdf
The authors of this document argue that “financial inclusion is an important development priority”[1] that helps poor people around the world improve their lives.
MICROFINANCE PUBLICATION ROUND-UP: Islamic Social Finance, Transforming Client Complaints into Loyalty, Microinsurance Profitability
“Islamic Social Finance Report 2014,” by Thomson Reuters and the Islamic Research and Training Institute, published by Zawya, 2014, 64 pages, available at: http://www.zawya.com/islamic-finance/isfr/
This report examines opportunities and challenges for Islamic social finance in Bangladesh, Brunei Darussalam, India, Indonesia, Malaysia, Pakistan and Singapore.
MICROFINANCE PUBLICATION ROUND-UP: Government Efforts to Achieve Financial Inclusion in India; Index-based Insurance in South, Southeast Asia; Microinsurance Claims Management
“Report of the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households;” published by the Reserve Bank of India (RBI); December 31, 2013; 247 pages; available at http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CFS070114RFL.pdf
This report was authored by the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, which was appointed by the Reserve Bank of India (RBI) in September 2013 to propose measures for increasing access to financial services in India.