Microfinance

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  • How Will You do Digital Finance Right?

    Blog
    Jamie Zimmerman
    1 Sep 2015 | 7:33 am
    A massive data breach at All-In-Pay, a digital payments provider has resulted in $15 billion loss of customer funds: government inquiry forthcoming.
  • Learning about Opportunity at Vacation Bible School

    Opportunity International
    Allison Kooser
    1 Sep 2015 | 11:41 am
    “When I grow up I want to be a dog!” “Oh yeah, well I want to be pizza!” Everyone, kids are hilarious. This summer, I served as the missions teacher at Vacation Bible School at First Presbyterian Church of River Forest.  For three days, I had the joy of talking to elementary school kids about global poverty – sharing with them the stories of some of the amazing students I have met in my travels, and discussing how their daily lives look different from our own.  We looked at pictures of the Kireka Development Nursery and Primary School in Uganda – a school with little more than a…
  • MICROCAPITAL BRIEF: India’s Micro Units Development and Refinance Agency (MUDRA) Bank Loans $9.3m to Microfinance Institutions (MFIs) Arohan,  Belstar, Equitas, Margdarshak, Sonata

    MicroCapital: On microfinance, mobile money, SMEs and other forms of impact Investing
    Victor Mugo
    1 Sep 2015 | 12:47 pm
    The Micro Units Development and Refinance Agency (MUDRA) Bank, an Indian public-sector financial institution that provides subsidized loans to microfinance institutions (MFIs) and non-banking financial institutions, recently announced that it had disbursed loans totalling INR 620 million (approximately USD 9.3 million) to MFIs in India. The funds are intended to be on-lent to micro-, small and medium-sized enterprises (MSMEs) in the country.The beneficiaries include Arohan Financial Services which is based in Kolkata and offers financial services to low-income individuals in urban areas of…
  • The Ebb and Flow of Customer-Centricity in Financial Inclusion – Part Three

    Center for Financial Inclusion blog
    Center for Financial Inclusion
    1 Sep 2015 | 7:10 am
    What Happened and Where Are We Today? > Posted by Evelyn Stark, Assistant Vice President, Financial Inclusion Lead, MetLife Foundation, and Graham A. N. Wright, Group Managing Director, MicroSave Financial Inclusion 2020 (FI2020) is a global multi-stakeholder movement to achieve full financial inclusion, using the year 2020 as a focal point for action. This blog series will spotlight financial inclusion efforts around the globe and share insights from key thought leaders in financial inclusion, with a specific focus on quality beyond access. In the previous post “The Ebb and Flow of…
  • Passionate about Advancing the Microfinance Industry? We are Looking for Help

    myKRO.org
    Drew Meyers
    12 Aug 2015 | 2:56 pm
    myKRO.org has now around for over 7 years since we launched it in 2008. Jerry and I are both still still incredibly passionate about advancing the microfinance industry into the mainstream, but simply haven’t been able to dedicate the time to this blog over the past few years that we used to. Life has gotten the best of us. Jerry has a family now, and my start-up Horizon (and Oh Hey World before that) has consumed my life for the last few years. We’re proud of what the site has become since we started. That said, we’d love to hand the myKRO.org brand and domain to the…
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    Blog

  • How Will You do Digital Finance Right?

    Jamie Zimmerman
    1 Sep 2015 | 7:33 am
    A massive data breach at All-In-Pay, a digital payments provider has resulted in $15 billion loss of customer funds: government inquiry forthcoming.
  • How Speed Dating Led to Progress on Digital Finance in Tunisia

    Alice Nègre , Peter McConaghy
    31 Aug 2015 | 8:24 am
    Tunisia is a country that has all of the necessary ingredients for digital financial services to take off. Forty-three percent of the working-age population is under 30 years of age, there is a mobile penetration rate of 118%, and 98% of Tunisians have completed primary education.
  • Did India’s Central Bank get Payments Bank Approvals Right?

    Kabir Kumar, Anand Raman
    27 Aug 2015 | 11:05 am
    India’s central bank, the Reserve Bank of India (RBI), has lagged behind other countries, moving gradually through a series of small steps to open up regulation for innovative models. However, on August 19, 2015, RBI finally took a massive catch-up step in digital finance, and, arguably, re-branded itself as innovation-friendly. It approved 11 applicants, including five of India’s MNOs, to organize and launch payments banks by early 2017.
  • Customer Perspectives on Customer Empowerment

    Anton Simanowitz
    25 Aug 2015 | 5:40 am
    In a context where many low income customers are unable to access financial services, don't open accounts, don’t use them, or don’t take full advantage of what is on offer, CGAP is interested in learning more about customer empowerment and what drives customers to become more empowered – especially when it comes to using digital products. At the core of this idea of customer empowerment is the ability of a customer to make good choices and effectively use financial services.
  • Payment Innovations in Turkey: Not (Yet) Reaching the Unbanked

    Stefan Staschen
    19 Aug 2015 | 11:06 am
    Undoubtedly, Turkey has a lot to offer when it comes to its payment system, which is typical for countries that have experienced sustained periods of inflation and therefore put a premium on the efficiency of its payments infrastructure. Yet it is much less obvious whether the prevailing models will also contribute much to digital financial inclusion, as they often suffer from challenges in customer adoption and therefore reach only a minority of the population.
 
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    Opportunity International

  • Learning about Opportunity at Vacation Bible School

    Allison Kooser
    1 Sep 2015 | 11:41 am
    “When I grow up I want to be a dog!” “Oh yeah, well I want to be pizza!” Everyone, kids are hilarious. This summer, I served as the missions teacher at Vacation Bible School at First Presbyterian Church of River Forest.  For three days, I had the joy of talking to elementary school kids about global poverty – sharing with them the stories of some of the amazing students I have met in my travels, and discussing how their daily lives look different from our own.  We looked at pictures of the Kireka Development Nursery and Primary School in Uganda – a school with little more than a…
  • What We're Reading: Learning Unleashed in the Economist

    Allison Kooser
    31 Aug 2015 | 8:08 am
    This August, The Economist included an article celebrating the power of private education in the developing world. It’s a topic that we know well at Opportunity International – and our shared belief that private schools can be major change agents has motivated us to invest in private schools throughout Africa. We believe that accessible, high-quality schools can make all the difference for students trapped in generational poverty.  And so when The Economist references “the fastest-growing group [of private schools] are small low-cost schools, run by entrepreneurs in poor areas, that…
  • Meet Stella and Isabella

    Allison Kooser
    28 Aug 2015 | 7:59 am
    Stella Rose Anyodo is a 16-year-old student at Tororo Girls’ School in Soroti, Uganda. She dreams of becoming a Civil Engineer – and currently loves studying physics! When Stella’s father stopped receiving his salary, Stella was on the verge of dropping out of school. Thankfully, her mother applied and received a school fee loan from Opportunity International, enabling her to keep Stella in school. Stella expressed her fears, saying, “I thought I was going to leave school because they grade using the average mark for the year. I wasn’t sure I could make the next grade. I feared…
  • Introducing the Ahobrase Academy

    Allison Kooser
    27 Aug 2015 | 11:11 am
    This fall, we are exploring eduction around the world. Through a careful study of the Ahobrase Academy in Ghana, we are studying how investing in education transforms the lives of students, families and entire communities. Join us.  I can't believe we are already in the back to school season. As the kids in my neighborhood gather their supplies, pack their backpacks and prepare for another year of learning, I can't help but remember my own education. I remember tough assignments and wise teachers. Gym class and the school musical. Laughter and reading and multiplication tables and…
  • Meet Rohit Dhake

    Allison Kooser
    25 Aug 2015 | 9:03 am
    This fall, we are celebrating education by highlighting incredible students and teachers around the world - including our friends right here at home. This week, I chatted with Rohit Dhake, a Young Ambassador in Chicago and a current MBA candidate at the University of Chicago Booth School of Business. Rohit served as our YAO-Chicago co-chair and is a great guy to know!  Rohit, please introduce yourself! Tell us a bit more about who you are, what you do and what you like to do in your free time.  My name is Rohit Dhake and after working for a few years in finance, I left to attend the…
 
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    Center for Financial Inclusion blog

  • The Ebb and Flow of Customer-Centricity in Financial Inclusion – Part Three

    Center for Financial Inclusion
    1 Sep 2015 | 7:10 am
    What Happened and Where Are We Today? > Posted by Evelyn Stark, Assistant Vice President, Financial Inclusion Lead, MetLife Foundation, and Graham A. N. Wright, Group Managing Director, MicroSave Financial Inclusion 2020 (FI2020) is a global multi-stakeholder movement to achieve full financial inclusion, using the year 2020 as a focal point for action. This blog series will spotlight financial inclusion efforts around the globe and share insights from key thought leaders in financial inclusion, with a specific focus on quality beyond access. In the previous post “The Ebb and Flow of…
  • Floating Banks, Impact Investing, Evolution of Cryptocurrency – the Latest FI2020 News Feed

    Center for Financial Inclusion
    31 Aug 2015 | 11:40 am
    > Posted by Center Staff The latest edition of the Financial Inclusion 2020 News Feed, our weekly online magazine sharing the big news in banking the unbanked, is now available. Among the stories in this week’s edition are Indonesia’s first floating bank branch, a new report from the Impact Programme on the impact investing markets in sub-Saharan Africa and South Asia, and a paper from PricewaterhouseCoopers on the evolving cryptocurrency market. Here are a few more details: Bank Rakyat Indonesia’s new floating branch, offering all the services of its traditional branches,…
  • Four Interventions to Help Victims of Trauma Find Hope and Dignity

    Center for Financial Inclusion
    31 Aug 2015 | 9:17 am
    > Posted by Joshua Goldstein, Vice President, Economic Citizenship & Disability Inclusion, CFI “Over a sixth of the world’s population has directly experienced armed conflict, torture, terrorism, sexual and gender-based violence, ethnic cleansing or genocide,” states the website of the Peter C. Alderman Foundation (PCAF). I recently attended the 8th Annual PCAF Pan-African Psychotrauma Conference in Nairobi, a multidisciplinary event that focuses on psychological trauma in Africa’s war-affected societies. PCAF operates mental health clinics in Cambodia, Kenya, Liberia, and…
  • MasterCard Partners with Premier Bank in Somalia

    Center for Financial Inclusion
    28 Aug 2015 | 7:40 am
    > Posted by Saran Sidime, Operations Assistant, the Smart Campaign #467418626 / gettyimages.com Technology has brought safe and simple financial solutions to Somalia, a place where, until the past few years, they were completely non-existent. In June 2015, MasterCard became the first international payment network to enter Somalia, a country that hasn’t had a formal banking or financial system since the collapse of its government in 1991. MasterCard issued its first 5,000 debit cards to be used by Premier Bank, one of the few commercial banks in the country. The cards will be compatible…
  • How We Talk About Microfinance: A Reply to Dean Karlan

    Center for Financial Inclusion
    27 Aug 2015 | 7:29 am
    > Posted by Alex Counts, Founder, Grameen Foundation On Sunday, August 23, as I was enjoying some of the final days of summer visiting friends in New Hampshire, I noticed that I had been tagged in a tweet by Dean Karlan, the founder and president of Innovations for Poverty Action.  He provided a link to an article about FINCA that included extensive quotes from its CEO, Rupert Scofield.  He asked Rupert if he really believed microfinance could reduce terrorism, and asked me what I thought (“whatcha think?” was the precise formulation of his question).  He tweeted again on Monday,…
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    myKRO.org

  • Passionate about Advancing the Microfinance Industry? We are Looking for Help

    Drew Meyers
    12 Aug 2015 | 2:56 pm
    myKRO.org has now around for over 7 years since we launched it in 2008. Jerry and I are both still still incredibly passionate about advancing the microfinance industry into the mainstream, but simply haven’t been able to dedicate the time to this blog over the past few years that we used to. Life has gotten the best of us. Jerry has a family now, and my start-up Horizon (and Oh Hey World before that) has consumed my life for the last few years. We’re proud of what the site has become since we started. That said, we’d love to hand the myKRO.org brand and domain to the…
  • The Real Impact of Microfinance in the U.S

    Stephany Rojo
    12 Aug 2015 | 8:35 am
    Microfinance commenced in the United States after the realization that microlending programs were working abroad, and something similar could be implemented in the country by modifying our epistemological perspective on the subject. The U.S is a formal economy that has different issues from less developed countries. The aim is more than subsistence. The aim is to increase the quality of life of the borrower and her/his family to create prosperous communities. While microloans for equipment purchase, working capital, marketing, and start-up capital are common reasons for the purpose of the…
  • LinkedIn Speaker Series: Kiva’s Premal Shah and Julie Hanna

    Drew Meyers
    22 Nov 2014 | 8:49 am
    You may know it was my initial frustration finding microfinance advocates around the globe that led me down the path to create Oh Hey World, and now Horizon. Thus, it’s probably no surprise to you I devour interviews, content, and interactions with people heavily involved in the microfinance world. I found 3 of them in one interview: LinkedIn’s Reid Hoffman (Kiva board member) interviewed Kiva’s Premal Shah and Julie Hanna as part of the LinkedIn Speaker Series. You can watch the hour long video… Click here to view the embedded video. [via LinkedIn] If you love Kiva,…
  • An Interview with Kiva Zip Founder Jonny Price

    Drew Meyers
    26 Oct 2014 | 5:33 am
    Click here to view the embedded video. [Via SocialMissions.org] The post An Interview with Kiva Zip Founder Jonny Price appeared first on myKRO.org.
  • Microfinance Jobs: International Development Coordinator

    Jerry Ostradicky
    21 Mar 2014 | 11:15 am
    Organization: The Adelante Foundation was founded in 1999 to promote economic opportunity for rural Honduran women and provide a sustainable solution to reducing poverty. Adelante follows the Grameen Bank methodology and offers an integrative microfinance-education program to over 7,000 women in nine Honduran departments. The organization has grown by nearly 1,000 clients in 2013 and is looking to expand its fundraising capacity in order to reach more rural families with more services. Job Profile: Adelante is seeking an International Development Coordinator to oversee development activities…
 
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    microfinance news - Google News

  • ACC, SKS Microfinance, M&M Fin to get astro support: Gupta - Moneycontrol.com

    1 Sep 2015 | 9:41 pm
    ACC, SKS Microfinance, M&M Fin to get astro support: GuptaMoneycontrol.comACC, SKS Microfinance, M&M Fin to get astro support: Gupta. According to Satish Gupta of astrostocktips, cement stocks like ACC, Ambuja Cements, India Cements, UltraTech Cement and Prism Cement will get astro support. Satish Gupta.
  • The Misinterpretation: Microfinance, NGOs And Neoliberalism In Bangladesh [Part 1] - CounterCurrents.org

    1 Sep 2015 | 1:13 pm
    The Misinterpretation: Microfinance, NGOs And Neoliberalism In Bangladesh [Part 1]CounterCurrents.orgBangladesh, the country with geostrategic importance in the current imperialist chess board, is rich with experiences of microcredit/microfinance and non-governmental organizations. So-called neoliberalism's onslaught also has “enriched” the mainly
  • BoG chases microfinance directors - Graphic Online

    1 Sep 2015 | 5:10 am
    Graphic OnlineBoG chases microfinance directorsGraphic OnlineThe Bank of Ghana (BoG) has begun a manhunt for directors of 10 microfinance companies who are operating illegally in the Brong Ahafo, Western, Northern, Upper East and Upper West regions. The central bank has consequently moved to shut down the ...
  • Sumac Microfinance gets Sh100 million boost in battle for bigger share of MSME ... - The Standard Digital News (satire) (press release) (registration) (blog)

    31 Aug 2015 | 2:00 pm
    Sumac Microfinance gets Sh100 million boost in battle for bigger share of MSME The Standard Digital News (satire) (press release) (registration) (blog)NAIROBI: Sumac Microfinance Bank has received a Sh100 million cash injection from the Regional MSME Investment Fund for Sub-Saharan Africa (Regmifa), which will boost its efforts to battle for a bigger share of the micro-credit market.
  • Dar reviews Pakistan Microfinance Investment Company proposal - Daily Pakistan

    31 Aug 2015 | 8:04 am
    Daily PakistanDar reviews Pakistan Microfinance Investment Company proposalDaily PakistanISLAMABAD (Web Desk) – A meeting held in Islamabad on Monday with Finance Minister Ishaq Dar in the chair reviewed proposals for establishment of Pakistan Microfinance Investment Company (PMIC). Briefing the meeting, Secretary Finance Dr. Waqar ...Dar reviews proposal for setting up microfinance investment firmThe NationDar reviews proposal on establishment of 'PMIC'Business Recorder (press release) (blog)all 6 news articles »
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    The Big Picture

  • Star Birth in M83, the Southern Pinwheel Galaxy

    Barry Ritholtz
    1 Sep 2015 | 7:00 pm
    Source: Mashable
  • Top 20 Fast Food Chains in America

    Barry Ritholtz
    1 Sep 2015 | 1:30 pm
    Source: Dadaviz
  • Masters in Business: Paul McCulley, former PIMCO Chief Economist, Demands Apology on Behalf of the Fed

    Barry Ritholtz
    1 Sep 2015 | 9:00 am
    This week we speak with Paul McCulley, former chief economist at PIMCO, and oft mentioned FOMC candidate. McCulley worked closely with Bill Gross at PIMCO for many years, and was brought back to PIMCO after Mohamed El Erian stepped down. He coined such well known phrases as “Shadow Banking System” and “The Minsky Moment.” McCulley noted those who claimed QE and ZIRP were going to cause inflation and the collapse of the dollar were totally wrong, and he demanded these critics of the Federal Reserve owe former Ben Bernanke an apology. Had the Fed Chief listened to them, we would have…
  • More Food for Thought on Seattle Minimum Wage

    Invictus
    1 Sep 2015 | 5:30 am
    @TBPInvictus (Pun intended in the title) There are myriad factors that typically go into determining the success or failure of any legislative policy. It will be no different with regard to the minimum wage. Let’s turn (again) to Seattle, currently Ground Zero for the minimum wage debate, where the minimum wage was recently kicked up on a gradual journey to an ultimate $15/hour (it is $11 per hour as of  April 1, 2015, and it eventually will phase in to $15 per hour for all employers by 2022). By way of quick recap, many are focused on the restaurant industry, as it is known to…
  • 10 Tuesday AM Reads

    Barry Ritholtz
    1 Sep 2015 | 4:15 am
    My two-fer-Tuesday morning train reads: • Market pullback: 1997 or 1998? 2011 or 2014? (Fidelity) see also U.S. Stocks Decline as S&P 500 Posts Worst Month Since May 2012 (Bloomberg) • Maybe This Global Slowdown Is Different (BV) see also China’s latest manufacturing data underscore investor fears about the country’s growth (WSJ) • 13 Arguments Pro & Con: Should the Fed tighten? (Marginal Revolution) see also What Fed Officials Are Saying About a September Rate Increase (WSJ) • American Industry Wastes Huge Amounts of Gas by Burning It Off. Here’s a Cheap Way…
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    IFMR Blog

  • Loss Given Default Estimation using Transition Matrix (TM-LGD): A Case Study

    ifmr
    28 Aug 2015 | 1:58 am
    By Vaibhav Anand, IFMR Capital Loan repayment behaviour differs across asset classes based on borrower profile, purpose of loan, geography and nature of security, if any. Certain asset classes show regular and timely repayments with close to 99% collection efficiency but low recovery once a loan reaches a certain delinquency level, say DPD30 (Days past due). On the other hand, there are asset classes with low periodic collection efficiency ranging from 90% to 95%, but ultimate loss on the portfolio may be significantly smaller as compared to the peak delinquency levels showing higher…
  • Ubiquitous Access to Payments – One (big) Step Forward

    ifmr
    19 Aug 2015 | 6:01 pm
    By Bindu Ananth Yesterday, the RBI announced in-principle Payment Bank licenses for eleven applicants. To put things in perspective, there were two new bank licenses in the last decade. The successful applicants include the largest telcos, corporate houses, Business Correspondents, a Depository and a mobile wallet provider. The number of licenses and the diversity of the pool bode well for the scale and scope of what will be pursued by this new category of banks in the years to come. While previous licensing rounds were always for “full-service” banks, this represents the first round of…
  • From the hills of Uttarakhand

    ifmr
    16 Aug 2015 | 11:53 pm
    By Kshama Fernandes, CEO, IFMR Capital I am writing from Thatyur village in Theri district, Jaunour block – about 3.5 hours north of Dehradun in Uttarakhand, India. I met Akhilesh Badhani today, an entrepreneur in a beautiful riverside village in a valley surrounded by hills. He started the hardware and provisions shop 4-5 years ago and caters to around 25 to 30 villages in the surrounding hills having a total population of around 10,000. He is a client of Sahastradhara KGFS, has availed a Micro Enterprise Loan of Rs. 1.5 lakh from them and is one of their most disciplined borrowers. He…
  • IFMR Holdings partners with Accion, LeapFrog and Lok Capital to scale up our financial inclusion platform

    ifmr
    13 Aug 2015 | 6:03 am
    Our mission to “ensure that every individual and every enterprise has complete access to financial services” took a significant step forward with an equity investment of US$ 25 million in IFMR Holdings by Accion, a financial inclusion pioneer, LeapFrog Investments, a specialist investor in emerging-market financial services, and Lok Capital, an Indian impact investment firm. IFMR Trust is the promoter and remains the majority shareholder of the company. The investment allows IFMR Holdings to accelerate its efforts to ensure financial access to the remotest corners of the country. Towards…
  • Measures of Financial Depth and their Limitations

    ifmr
    7 Aug 2015 | 3:17 am
    By Nishanth K & Irene Baby, IFMR Finance Foundation In the previous post of the blog series on financial depth, we attempted to understand the nature of the relationship between financial depth and economic growth. The natural question that follows is how to measure financial depth. This post answers that question by: Introducing various measures of financial depth Discussing the limitations of these conventionally used measures Measures of Financial Depth Early literature used the ratio of total bank credit to Gross Domestic Product (henceforth GDP) as the indicator of financial…
 
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