IFC to Issue Microfinance Bond Via Daiwa
October, 31 2012
Global - International Finance Corp. (IFC), a member of the World Bank Group, and Daiwa Securities Group Inc. announced on Oct. 31 plans to issue a microfinance bond to expand access to finance for poor and low-income entrepreneurs in developing countries ...
October, 30 2012
Global - Microfinance has tended to grow by faithful replication of well-established models; it is now time to experiment with hybrid models that bring together the best features of each. ...
Indonesia: Low-Income Sector Fast-Growing Market for Insurance Firms in RI
October, 29 2012
Indonesia - Life insurance companies are trying to grab a new market with their microinsurance products, teaming up with microfinance institutions, such as credit unions and cooperatives, providing financial protection to millions of low-income people who previously considered insurance to be only for the wealthy ...
Kazakh Parliament Adopts Law on Microfinance Institutions
October, 26 2012
Kazakhstan - According to the report, this document aims at coordinating legislative acts of Kazakhstan with the law regulating microfinance institutions, as well as eliminating legal gaps and conflicts of law that may arise in the case of its adoption ...
Five Elements of a Social MFI
October, 24 2012
Global - Portfolios of the Poor demonstrated in detail how important well designed financial services can be to the poor and excluded. Microfinance has developed financial products and distribution processes that if used correctly, can contribute to poverty alleviation by promoting financial inclusion as part of a broad development process. ...
Impact Investing: A Broad Market With Expanding Appeal
October, 23 2012
Global - The last five years have generated remarkable new interest in impact investing. New investors -- including diversified financial institutions, high-net-worth family offices, and pension funds -- are entering the field ...
Africa: Microfinance Comes Of Age
October, 17 2012
Africa - Ensuring that previously unbanked Africans have access to credit is perhaps the most important development in financial services on the continent in recent years. ...
Impact Investing: Viable Commercial Solutions Offering More Citizens Hope
October, 15 2012
Latin America - For now, impact investing remains a tiny segment of overall financial market activity in Latin America. But many believe social and economic factors in much of the region provide fertile ground for the growth of an asset class built on investments that deliver social and environmental, as well as financial returns ...
Large Returns From Tiny Business, World Bank Says
October, 12 2012
Global - The World Bank released its World Development Report 2013 this month, and it says smaller enterprises in the developing world may be better investments than larger companies. The report says in some cases micro-enterprises provide 10 times the return on investment than their larger counterparts in the developing world. ...
What’s Keeping Us From Innovating In Rural Finance?
October, 11 2012
Global - Formal financial services in rural areas have long been underdeveloped. This is due to a combination of factors – dispersed clients, low levels of financial literacy among rural households, the high cost of delivering services (especially low-value transactions), and the perceived high repayment risk associated with lending to agri-dependent households, which make up the majority of households in rural areas. ...
Kenya: Samsung, KWFT Pact to Boost Mobile Banking
October, 10 2012
Kenya - Samsung has partnered with local microfinance solutions provider, Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT-DTM) to promote the uptake of mobile technology solutions among women ...
Oxfam Turns Investor With Mongolian Loan
October, 09 2012
Mongolia - The loan is being made by the Small Enterprise Impact Investing Fund – a joint initiative between Oxfam, the City of London Corporation and Symbiotics, a Swiss microfinance specialist ...
What’s Wrong with “Banking the Unbanked”?
October, 09 2012
Global - People in the developed and developing worlds manage their money differently. Although they conduct complex financial lives, they do not have bank accounts as money management hubs ...
New Investors Appear on Azerbaijani Microfinance Market
October, 01 2012
Azerbaijan - The interest of foreign investors in the Azerbaijani microfinance market increases," executive director of the Azerbaijan Microfinance Association (AMFA) Jala Hajiyeva told Trend on Saturday. Several contracts are planned to be signed with microfinance organisations in the country up till the end of the year ...
China: Microcredit Boom on Mainland Set to Stay
October, 01 2012
China - As for overseas investors eyeing China, this is one of the very few avenues that allow foreign competitors to enter China as wholly owned financial institutions, with a relatively low entry barrier and investment ...