Sri Lanka: HNB Local Host Of Asia Micro Finance Forum…

The Asia Micro Finance Forum organised by the Banking With The Poor Network (BWTP) is currently the largest Asia based micro finance network, which has been in existence for over 15 years, with over 50 members located in 15 different countries in Asia. The BWTP network consists of a unique diversity [...]

Collegeville (PA) nonprofit introduces solar energy to Togo, West Africa…

Times Herald Staff (Pennsylvania)
In Togo, West Africa, not many people even know what solar energy is. A few weeks ago a Collegeville-based organization, backed by local workers, installed a solar electric system on the roof of a microcredit institution there.
That organization is called SunPower Afrique, a small nonprofit aiming [...]

Microfinance: Back to the Drawing Board…

Despite the hype surrounding microfinance as an answer to solving world poverty, new research shows it isn’t the savior economists envisioned.
By Brad Wittwer
Yohane Mdeme owns a food market in Tanzania. Though poor and with little to no collateral, he applied for a loan of $850 through Kiva.org to expand his [...]

Protecting Fiji’s Poor From The Financial Devastation Caused By Unpredictable Events…

Micro insurance helps protect low income families from the financial shocks of unpredictable events. This important social protection measure is being spotlighted in Fiji by the Pacific Financial Inclusion Programme (PFIP) in partnership with the Reserve Bank of Fiji. Millions of very low-income households are already protected against unpredictable [...]

Ireland: €50k fund for business ideas…

A charitable trust is offering interest-free loans to entrepreneurs who have been turned down by the banks.
The Dún Laoghaire Rathdown Trust Fund this week began to accept applications for loans of between €500 and €5,000 for those with a well researched business idea.
Those with ideas for new or existing [...]

Newsweek: The Poor Always Pay…

By Rana Foroohar
It’s pretty safe to say that three years ago no one could have predicted that one of the few financial institutions to be opening new branches and expanding lending in America would be a Bangladeshi bank that specialized in loans to people below the poverty line (the vast majority [...]

Benin: Loan: Microfinance bank disburses N4.3b to customers…

By Gabriel Enogholase
BENIN —  LIVE Above Poverty Organsation, LAPO, a microfinance organisation based in Edo and Delta States, has disbursed a total of N4.3 billion from  May  this year to 11,273,631 beneficiaries spread across the federation.
The loan, given to its clients in the 236 branches of the company in 23  states,  [...]

Maoists, mafia, MLAs and moneylenders: they are external, extortionist threats…

Sanjiv Shankaran, [email protected]
New Delhi-
Vikram Akula, chairman of SKS Microfinance Ltd, is arguably the most controversial figure in India’s nascent microfinance industry. As SKS’ initial public offering (IPO) approaches, the first among microfinance companies, Akula spoke in an interview about his unabashed support for a commercial approach to the business of lending [...]

Sri Lanka: Asia Micro Finance Forum in Colombo…

The Banking with the Poor Network (BWTP) will convene the Asia Microfinance Forum 2010 (AMF 2010), in Colombo this year.
It is organised by the Foundation for Development Cooperation (FDC) with the lead sponsorship by Citi Foundation and Hatton National Bank as the Local Host.
The AMF 2010 will be [...]

India: Asian Development Bank, Bank of China to broaden strategic cooperation…

As a strategic investor, ADB has conducted five technical assistance projects for BoC since 2006, covering corporate governance, environmental safeguards, anti-money laundering, anti-corruption, and operational risk management.
The Asian Development Bank (ADB) and a visiting delegation from Bank of China (BoC) of the People’s Republic of China (PRC) have agreed to explore a broad range of [...]

Fast Retailing to Set Up JV With Grameen Bank…

Japan’s Fast Retailing, the operator of the Uniqlo casual-clothing chain, said on Tuesday it would start an apparel business in Bangladesh, hoping to help the country’s poor by creating jobs and offering affordable clothing there.
Microfinance specialist Grameen Bank will take a 1 percent stake in the venture, which is slated to [...]

India: Microfinance firm eyes cities…

By Urvashi Jha Jul 13 2010 , Hyderabad
Bhartiya Samruddhi Finance (BSFL), the flagship company of Hyderabad-based microfinance firm, Basix Group, is firming up plans to enter into urban micro credit market. The micro finance institution (MFI) is developing a range of micro credit products to meet the needs of urban [...]

Can a Goat Herder Teach Banks How to Loan to Small Business…

July 13th, 2010 | Author: Scott Messinger
Small businesses and entrepreneurs need to be able to get loans from banks to grow and or expand their businesses.  Entrepreneurs and small businesses go to banks to get loans to make capital improvements, large  purchases, buy a business, and generally expand their business.  Basically small [...]

India: Private Equity funds step up investments in MFIs…

T E Narasimhan | 2010-07-13 01:31:00

High interest and repayment rates make micro-finance institutions profitable.
Private equity (PE) investments in microfinance institutions (MFIs), which fell by 12 per cent last year (2009), have recovered this year. Between January and June this year, MFIs have attracted PE investment totalling $84 million (about Rs 386.4 [...]

Over $1 Million in New Grants From Clinton Bush Haiti Fund to Rebuild Lives & Livelihoods…

WASHINGTON, July 7 /PRNewswire-USNewswire/ — The Clinton Bush Haiti Fund (CBHF) today announced $1 million in new grants aimed at creating new jobs and promoting economic opportunity in Haiti.
Reflecting the shared vision of founders Presidents Bill Clinton and George W. Bush, more than 230,000 generous donations made to-date will fund these [...]

UAE: Aabar places microfinance investment…

Abu Dhabi: Abu Dhabi-based Aabar Investments said Sunday it has invested a total of $54.2 million (Dh199 million) into two global microfinance investment funds registered in Luxembourg.
Aabar said $34.5 million was invested in BlueOrchard Private Equity Fund and $19.8 million in Oasis Fund.
Read more…

Ethiopia: Zemen Bank, KfW Sign Deal to Boost Microfinance

Zemen Bank SC is to offer parts of its loan funds to micro finance institutions (MFIs) through an agreement signed with KfW Entwicklungsbank, a developmental bank owned by the government of Germany, on Tuesday, July 6, 2010.
KfW, through its Capital Link Project, will provide 50pc of the guarantee for the [...]

Ethiopia: Zemen Bank, KfW Sign Deal to Boost Microfinance

Zemen Bank SC is to offer parts of its loan funds to micro finance institutions (MFIs) through an agreement signed with KfW Entwicklungsbank, a developmental bank owned by the government of Germany, on Tuesday, July 6, 2010.
KfW, through its Capital Link Project, will provide 50pc of the guarantee for the [...]

Bloomberg: SKS to Sell Shares July 28-July 30, Document Shows…

By Ruth David
July 12 (Bloomberg) — SKS Microfinance Ltd., India’s largest microfinance company, plans to sell shares in its $250 million initial public offering from July 28 to July 30, according to a sale document obtained by Bloomberg.
The price range at which the Hyderabad-based company will offer the shares will be [...]

India: Decoding microfinance…

By Pranab Ghosh, Hindustan Times
New Delhi– He would have been a hardcore banker had he not branched out to microfinance. And that was because “it is a business with a social mission offering double bottom line satisfaction to all stakeholders”. Reykam Jayasurya, an MBA and LLM, started his career in 1982 in [...]

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