India: MFIs Struggle to Stay Afloat as Capital Erodes, Losses Mount
February, 26 2013
India - Microfinance institutions with significant exposure to Andhra Pradesh, once their biggest market, will have their net worth eroded in the year ending March and many of them will not be able to maintain the required minimum capital adequacy ratio from the next fiscal. ...
New Report Finds Women are an Underserved Market for Mobile Financial Services
February, 26 2013
Global - A study released today by the GSMA mWomen Programme and Visa Inc. entitled, "Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets", shows that women in developing countries represent a significant underserved market and commercial opportunity for mobile financial service providers. ...
Designing Financial Services for China’s Marginalized
February, 25 2013
China - Citizens at the bottom of the economic pyramid in China lack even the most basic means to save for their children’s education, make purchases on credit, protect their homes through insurance, and send and receive money. Financial exclusion prevents many of them from realizing their potential and improving their livelihoods ...
A Few Bad Apples Give Microfinance a Bad Name
February, 21 2013
Global - Microlending is one of the most effective ways to help the world’s very poorest out of poverty. Tiny loans of $10 or $20 can help struggling families start small businesses that are the difference between chronic hunger and financial success. ...
Asia's Microfinance Demand Underserved
February, 20 2013
Asia - The total demand for microfinance in Asia is about 1 billion borrowers, but only 74 million borrowers are being served, creating investment opportunity for private equity, according to Jean-Philippe de Schrevel, chief executive of Switzerland-based Bamboo Finance, a private equity firm focused on the microfinance sector. ...
India: Microlenders May Move Supreme Court
February, 19 2013
India - After having been rebuffed by the Andhra Pradesh high court, microfinance institutions (MFIs) may approach the Supreme Court in their bid to quash a 2010 state law that nearly brought their businesses to a halt ...
Kenya: Bit Loans
February, 18 2013
Kenya - Cashless transactions are more secure: they are traceable and hard to redirect. Yet combining mobile money with brick-and-mortar banks adds costs ...
The New Vulnerable Class in Latin America
February, 08 2013
Latin America - As we think about knowing our customers, we need to understand the motivations, choices, and challenges facing the growing number of not-quite poor, not-quite middle class populations in Latin America and beyond ...
Cambodia: Informal Lending Still Thriving
February, 07 2013
Cambodia - The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say ...
India: SKS Microfinance - The Inside Story
February, 07 2013
India - In a rare interview, the company’s CEO and managing director M.R. Rao and chief financial officer S. Dilli Raj said on Thursday that the worst is over for SKS and things can only get better. ...
Can Self-Regulation Protect Microfinance Clients?
February, 06 2013
Global - Last month the Smart Campaign launched its certification program. For those who care about client protection, this is an important and welcome milestone in what has been an impressive journey, which has included a broad spectrum of activities by funders to promote client protection. ...
Microloan Recipients Decline for First Time: Study
February, 05 2013
Global - The number of the world's poor people who benefited from small loans has declined for the first time as purported abuses in India cast a shadow over the "microfinance" industry, a study said ...
Cambodia: Loans and Deposits Climb
February, 04 2013
Cambodia - Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier ...