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Mexico: Maya Declaration Urges Financial Inclusion for World's Unbanked Populations
September, 30 2011
Riviera Maya, Mexico - Central banks and financial regulators from across the developing world today committed to provide their populations with greater access to financial services by signing the Maya Declaration on Financial Inclusion at the conclusion of the Alliance for Financial Inclusion's Global Policy Forum in Riviera Maya, Mexico.
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Bolivia: Microfinance, A World-Class Performance
September, 29 2011
Cambridge, MA - Among the Bolivian MFIs, BancoSol was the flagship. It started as Prodem. In 1992, Prodem sought a bank license from the Bolivian authorities and created BancoSol, Latin America’s first private commercial bank exclusively devoted to microenterprises. BancoSol’s example spawned a half dozen similar transformations, creating a commercial microfinance sector
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India: Private Equity open Taps for Microfinance again
September, 29 2011
Kolkata, India - The lull seems to be over. After spending a nine-month hibernation after the Andhra Pradesh MFI crisis, leading private equity (PE) players are again on the prowl to make a fortune in the country's micro finance space as the sector is crawling back to normalcy
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El Salvador: IDB loan for USD 30 million will strengthen Small Businesses
September, 26 2011
San Salvador, El Salvador - The Inter-American Development Bank (IDB) approved a loan for USD 30 million to El Salvador to finance the Program to Support Production Development for International Integration. The program’s aim is to increase the capacity of micro, small, and medium-scale enterprises (MSMEs) to participate in national, regional, and global value chains
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Mexico: Compartamos Banco Issues Long Term Debt
September, 22 2011
Mexico City, Mexico - Banco Compartamos, S.A., Institucion de Banca Multiple informs that it has obtained Ps. 2.000 million (USD 147 million) through the public issuance of Local Bank Bonds
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Morocco: A Recognized Microcredit Champion
September, 20 2011
Addis Ababa, Morocco - Morocco is a recognized microcredit champion, boasting 40 percent of client outreach in the Arab world and host to some of the best performing microfinance institutions (MFIs) in the world, a Focus note said
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The State of Microfinance in Mexico: Uncertainty Ahead?
September, 13 2011
Mexico City, Mexico - Mexican microfinance leaders and industry observers are becoming alarmed that the country’s microfinance market may be over-heating, and they are especially concerned about future client indebtedness and political risks
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Bosnia: Escaping the Debt Trap
September, 13 2011
Washington DC - Delinquency rates in Bosnia (as elsewhere) have risen in tandem with the global economic slowdown. As in other overheated markets, such as Nicaragua, Morocco, and Pakistan, Bosnia’s credit bubble is not the fault of any single culprit.
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Nigeria: Seven Fundamental Flaws with Microfinance Banking
September, 12 2011
Abuja, Nigeria - It was obvious from the beginning. Only just that the regulators and operators were not humble enough to accept it, that the framework for microfinance banking in Nigeria is faulty and cannot achieve its objectives
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Ratings firms liberal with MFIs: M-Cril
September, 05 2011
Mumbai, India - Micro-Credit Ratings International Ltd (MCril), the largest ratings agency in India’s microfinance industry, has alleged that other ratings agencies have been giving higher ratings to microfinance
institutions (MFIs) without properly understanding the sector
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India: MFI Bandhan Raises Rs 135Cr From IFC
September, 05 2011
Kolkata, India - Microfinance firm Bandhan Financial Services Pvt Ltd states that it has raised private equity funding of Rs 135 crore (USD 29 million) from International Finance Corporation (IFC). The deal marks the single-largest exposure by the World Bank arm to India’s microfinance sector
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Kenya: Micro-Lenders Face Tough Odds as they Battle Banks to win Customer Loyalty
September, 05 2011
Nairobi, Kenya - Realisation that the economy is no longer being driven by the corporate giants, has made banks change tack to look for the little business person. Central Bank Kenya noted that the microfinance sector was attracting commercial banks with a number of institutions changing their products to get part of the microfinance business
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Funders Key for Egypt's Small Firms
September, 04 2011
Cairo, Egypt - There are about 500 microfinance networks in Egypt, and Ranya Abdel Baki, the executive director of Sanabel, a Cairo-based network serving the microfinance network in the Middle East, said the country represents the largest borrowers market in the Middle East, and she saw no signs of a slowdown
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