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Ghana’s Microfinance Market Becoming Over-Crowded
August, 29 2012
Ghana - Mrs Sarah Tsien Zetterli, Managing Director of Procredit, has called on the Bank of Ghana, its regulator, to tighten the entry requirements for microfinance institutions to avoid the proliferation of irresponsible lending ...
How Microfinance Institutions Can Manage Default Risk And Build Financial Inclusion
August, 28 2012
Global - Individual Microfinance Institutions (MFIs) successes are sometimes based almost exclusively on high client growth and low default rates (on average below 4 percent). While sufficient for strategic evaluation and benchmark of success at the senior level, those two measures can be counterproductive for MFIs looking to achieve real social impact through financial inclusion ...
Myanmar Micro-Lenders Could Help Reshape Rural Economy
August, 27 2012
Myanmar - The first of an expected wave of new micro-lenders plans to begin operating in Myanmar in the next quarter as the country lifts restrictions on a sector that could bring in hundreds of millions of dollars to help kick-start the rural economy ...
Nigeria: Microfinance Banks Struggle With Toxic Assets, Seek Risk Management Window
August, 27 2012
Nigeria - Microfinance banks across the country are faced with the challenge of bad debt, otherwise called toxic assets, which requires urgent attention to ensure key objectives of the scheme are not taken for granted. Stakeholders fear that the figure put in excess of N16 billion poses endemic danger to customer service, availability of facilities and micro economic stability. ...
Kenya: Microfinance Institutions to Benefit From Cheap Banking System
August, 21 2012
Kenya - Microfinance institutions will soon find it easier to speed up transactions and stem fraud in transfers following launch of a cheaper core banking software system. Swiss software firm Sofgen has reduced costs of installing the core banking system known as Temenos for small firms in the financial services industry by having it on a shared cloud platform ...
Mexico: Unlocking Barriers - Advances in Rural Mobile Banking in Mexico
August, 20 2012
Mexico - The banking industry in Mexico estimates there are at least 30 million people that could be integrated to the formal financial system during the following years. However, this is not likely to happen through traditional banking, but through new schemes that leverage existing retail infrastructure and mobile phones to reach the lower segments of the population. ...
Tanzania: Shilling Loses Ground Against Dollar
August, 15 2012
Tanzania - The shilling has continued to lose against the US dollar as importers' demand outweighs inflows of the hard currencies in the local market. National Microfinance Bank (NMB) said in Dar es Salaam the local market was still liquid although the shilling lost the battle against the greenback, sliding by 5/- compared to the end of last week ...
India: Financial Inclusion - Miles to Go
August, 15 2012
India - Despite impressive growth claims by banks ever since Reserve Bank of India pushed for financial inclusion, reality seems different. “Even where bank accounts are claimed to have been opened, verification has shown these accounts are dormant." Financial inclusion still remains an incomplete task ...
Bangladesh: Dhaka Forecloses the Grameen Brand
August, 14 2012
Bangladesh - For the past 18 months in Bangladesh, the specter of a government takeover has haunted Grameen Bank and its founder, Nobel Prize winner Muhammed Yunus. Many thought Mr. Yunus was imagining the threat, but this month the Awami League government of Sheikh Hasina finally showed its hand. Her cabinet decided to push the microfinance lender's elected board of trustees aside and give power to the government-appointed chairman to name a selection committee that will soon find a new managing director. ...
Microfinance Is Down, But Not Out
August, 13 2012
Global - Microcredit should neither be credited with ending poverty on its own nor held responsible for promising more than it can deliver. It is simply one way to enable more people to participate in the capitalist system, not the magic bullet guaranteeing prosperity. In this regard, information is as essential as capital in ensuring that all parties understand and share expectations related to microcredit ...
Rwanda: More Rwandans Have Access to Financial Services - Study
August, 08 2012
Rwanda - Formation of Savings and Credit Cooperatives at sector level has helped more Rwandans to access formal financial services. Central bank said yesterday that the number of Rwandans that have access to formal financial services increased to 42 per cent of the adult population, from 21.1 per cent in 2008 ...
From Micro To Small: Do MFIs Have The Capacity To Serve Small Enterprises?
August, 08 2012
Global - Many policymakers are focusing a lot of attention on small enterprises, in the hope that they could play an important role in creating much needed jobs. Also, many donors and investors view small enterprises as potential investees and engines of private sector growth.
Do MFIs have a role in delivering finance to these small enterprises ...
Promoting Financial Inclusion: Is Mobile Money the Magic Bullet?
August, 06 2012
Global - Achieving full financial inclusion requires going beyond the narrow range of payment services to a broader range of services which will ensure that the account users find these suitable to their needs. Evidence has shown that existing mobile money arrangements have a limited scope in providing wide range of services. ...
Making a Profit From Making a Difference
August, 05 2012
Global - Impact investing, most commonly defined as investments made with the intention of helping to solve a social or environmental problem as well as generating a financial return, has seen growing interest from investors, particularly since the financial crisis ...
Kenya: Microfinance Sector Gets Boost
August, 03 2012
Kenya - The microfinance sector in Kenya is set to undergo major regulatory overhaul that will help to make the fast growing industry robust and spread its services, especially to low-income earners ...
Tanzania: Grim Future Seen On Microfinance Status
August, 02 2012
Tanzania - The country scan on microfinance for Tanzania 2011 that is annually conducted by MicroNed paints a very grim future on the microfinance status in the country. It cites that 650,000 rural Tanzanians are served by semi-formal service providers, 70,000 use Microfinance Institutions while SACCOS serve 320,000 and that mobile payment system are on the rise ...