responsAbility launches second microfinance fund
November, 30 2006
Zurich, Switzerland - In response to a mandate from an institutional investor, responsAbility has launched the responsAbility Microfinance Leaders Fund1 with an initial volume of USD 100 million. The investment strategy is geared specifically to the needs of the microfinance market. ...
Grant to Grameen Foundation Supports Software Infrastructure for MFIs
November, 28 2006
Santa Cruz, CA - The Cisco Systems Foundation recently awarded a grant towards completion of a software project that will enable microfinance institutions (MFIs) worldwide to run their operations more effectively and efficiently. In an effort unrelated to the MicroVest investment, the foundation made a grant of US$300,000 to Grameen Foundation, USA to help the organization finalize version 1.0 of its Microfinance Open Source (MiFOS) project, a software platform for MFIs to manage their clients, portfolio and reporting needs. ...
November, 27 2006
India - Microcredit is booming in India, but the loans don't often pull people out of poverty. ...
Round Table on Women and Microcredit
November, 20 2006
Metz, France - Adie-Lorraine, in collaboration with the regional government in Lorraine and EMN, is organising a one-day round table discussion on women and microcredit. The purpose is to share experience on promoting women’s entrepreneurship through microcredit and to consider concrete steps that could be undertaken in Lorraine to increase the number of women starting and succeeding in business ...
November, 20 2006
Switzerland - Jacques Grivel is a soft-spoken and very innovative young Swiss financier, founder of high-performance risk analysis and asset management firms such as theScreener.com and Fundo ...
The Mifos Software Initiative
November, 10 2006
United States - Grameen Foundation’s Technology Center established the Mifos Initiative to address the microfinance industry’s information management challenge. The Mifos Initiative delivers an open source information management system for the global microfinance industry via a collaborative development and support community ...
A new arrival on the Microfinance Scene
November, 10 2006
Canada - A new organization entitled Proxfin, a network designed to stimulate study and discussion, has arrived on the world microfinance scene. Proxfin brings together 21 community finance institution partners of Développement international Desjardins (DID), from 18 developing or emerging countries on four different continents. Proxfin is intended to foster communication among these institutions, which share the share business model and values, and to advance good practices in community finance ...
Alex Counts, Founder of the Grameen Foundation
November, 09 2006
United States - The Grameen Foundation is a microfinance network that impacts an estimated 11 million lives worldwide. Alex discusses innovation in microfinance and international development and his vision for the future ...
Q & A with Jeffrey Sachs
November, 06 2006
United States - Once again, I sent one of our experts from Columbia University a representative set of your questions from which to choose. And once again, he answered them all. We owe thanks this time to Jeffrey Sachs, whose book, The End of Poverty, offers much more of his insights and experiences. Please feel free to comment on his responses ...
Sharpening the Debate: Assessing the Key Constraints in Indian Micro Credit Regulation
November, 02 2006
India - Despite recent gains in India’s micro credit sector, total financial inclusion is still a distant prospect. Over 80% of poor households in rural India have no access to formal financial services. For those who can access these services, it takes an average of thirty-three weeks to get a single loan approved. Inadequate regulation is one element curbing this sector’s healthy expansion. Our goal in this paper is to identify the most commonly cited regulatory roadblocks to the growth of the sector, explain existing regulation in these areas, and determine whether or not different regulations need modification ...