Microfinance

  • Most Topular Stories

  • Lessons Learned from Digital Microinsurance ‘Sprinters’

    Blog
    Jeremy Leach, Tyler Tappendorf
    2 Jul 2015 | 7:13 am
    Oumar moved to Mozambique because he had heard stories of business opportunities that seemed more promising than in his home country of Mali. Within a few years, Oumar’s predictions panned out and he had grown from selling small items out of his home to building a larger storefront where he sold women’s clothing. But shortly after he opened the new women’s boutique and stocked it full of dresses, his neighbor accidently tipped over an oil lamp late at night. Oumar’s whole stock, along with his hopes, quickly went up in flames as he lost $14,000 worth of merchandise.
  • Urban Gardening: Lessons from Learning to Grow

    Opportunity International
    Allison Kooser
    29 Jun 2015 | 8:03 am
    This summer, we are exploring the path from Farm to Table - exploring the many issues smallholder farmers face around the world.  Last summer, my big project was to plant a garden. As someone with a historically black thumb, my little garden was a big challenge. I tried to choose “easy” plants – plants that would grow despite my best efforts. I planted mint and basil and rosemary. Lavender and thyme. I even attempted a strawberry plant. I watched and I waited all summer long as my little seeds turned into fledgling plants, which turned into blooming crops. I tore off mint leaves to…
  • SPECIAL REPORT: ACRE Africa, Bima, Microfact, Tech-Innov, UTM, Others Report on New Products for Rural Areas at Semaine Africaine de la Microfinance (SAM) in Dakar, Senegal

    MicroCapital: On microfinance, mobile money, SMEs and other forms of impact Investing
    MicroCapital Team
    4 Jul 2015 | 5:27 am
    As Semaine Africaine de la Microfinance (SAM) began to draw to a close, a range of service providers described their new products and services at an all-day Innovation Fair. Solenn Marquette of Bima, a Sweden-based insurer operating in 13 developing countries, explained her firm’s strategy for using mobile phones to sell insurance. Although building branches is too expensive, “we still put education teams on ground” to market products. One such product is Tigo Hospitalization, which is offered in Senegal starting at CFA 200 (USD 0.40) per month for up to CFA 30,000 (USD 50) in coverage.
  • Surging Forward – Latin America’s Mobile Money Market

    Center for Financial Inclusion blog
    Center for Financial Inclusion
    2 Jul 2015 | 11:32 am
    > Posted by Jeffrey Riecke, Senior Communications Associate, CFI GSMA’s Mobile Money for the Unbanked (MMU) program recently released the report ‘Mobile Financial Services in Latin America & the Caribbean’, spotlighting the region’s booming mobile money activity. I talked with the report’s authors, Mireya Almazán and Jennifer Frydrych, to learn more about the project. The first half of our conversation follows. The second half of the conversation will be published in the coming days. One of the headline messages of the new report is that the mobile money market in Latin…
  • Microfinance without borders: a solution for developed and developing nations ... - The Sudbury Star

    microfinance news - Google News
    3 Jul 2015 | 3:23 pm
    The Sudbury StarMicrofinance without borders: a solution for developed and developing nations The Sudbury StarA boy catches fish in a dried-up pond near the banks of the Ganges river in Allahabad, India, in this June 4, 2015 file photo. India's farm economy could contract this fiscal year for the first time in over a decade because of drought, threatening and more »
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    Blog

  • Lessons Learned from Digital Microinsurance ‘Sprinters’

    Jeremy Leach, Tyler Tappendorf
    2 Jul 2015 | 7:13 am
    Oumar moved to Mozambique because he had heard stories of business opportunities that seemed more promising than in his home country of Mali. Within a few years, Oumar’s predictions panned out and he had grown from selling small items out of his home to building a larger storefront where he sold women’s clothing. But shortly after he opened the new women’s boutique and stocked it full of dresses, his neighbor accidently tipped over an oil lamp late at night. Oumar’s whole stock, along with his hopes, quickly went up in flames as he lost $14,000 worth of merchandise.
  • DaviPlata: Taking Mobile G2P Payments to Scale in Colombia

    Marulanda Consultores
    1 Jul 2015 | 5:43 am
    Among a pioneering breed of mobile financial services gaining ground in Latin America, DaviPlata stands out for its innovative approach to reaching the low-income and poor. Through a freemium model, customers can transfer money across wallets, cash in and out, and request their wallet balance from their phone at no cost. Gaining a critical mass of customers has been a key priority for Davivienda, the issuing bank.
  • Building Resilient Households in Burkina Faso

    Megan Gash, Bobbi Gray
    30 Jun 2015 | 6:40 am
    Marie, a 35-year old first wife of a polygamous family who lives in the Passoré province of Burkina Faso, has an intimate understanding of “resilience” because she lives it every day. She never went to school and she has 5 children. Her household sells different condiments, raises small livestock, grows peanuts, cowpea and sesame. Selling condiments and livestock allows her family to have an income during the lean season when her other activities are not profitable.
  • Sprint or Limp? Investing In Customer Service to Achieve Success

    Graham Wright
    25 Jun 2015 | 10:40 am
    Digital financial services (DFS) is big business and growing: between December 2013 and 2014, GSMA MMU reported a 41% increase (from 73 million to 103 million) in active mobile money accounts, with a total of $7.5 billion moving through 479.5 million transactions in December 2014 alone.
  • Five Ways Providers Can Do Digital Finance Better

    Jamie Zimmerman
    24 Jun 2015 | 10:44 am
    Digital finance is on the rise. But that doesn’t mean that it’s working as well as it could to expand meaningful access to affordable financial services to the poor.
 
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    Opportunity International

  • Urban Gardening: Lessons from Learning to Grow

    Allison Kooser
    29 Jun 2015 | 8:03 am
    This summer, we are exploring the path from Farm to Table - exploring the many issues smallholder farmers face around the world.  Last summer, my big project was to plant a garden. As someone with a historically black thumb, my little garden was a big challenge. I tried to choose “easy” plants – plants that would grow despite my best efforts. I planted mint and basil and rosemary. Lavender and thyme. I even attempted a strawberry plant. I watched and I waited all summer long as my little seeds turned into fledgling plants, which turned into blooming crops. I tore off mint leaves to…
  • From Textbook to Real World: What Opportunity's New Branch in Ghana Taught Me About Opportunity In Action

    Allison Kooser
    24 Jun 2015 | 6:23 am
    Summer is here, which means that I—along with my fellow summer interns—have swapped backpacks for business casual and lecture halls for office cubicles. Personally, I couldn’t be more thrilled. Summers are a chance to step out of the swirl of quizzes, term papers, and finals and into the reality of what I’m passionate about—helping underserved and disadvantaged individuals gain access to a better quality of life. This passion is the reason I study International Relations and why I’m excited to work as an intern with Opportunity International this summer. As a part of the…
  • Superhero Dads

    Allison Kooser
    19 Jun 2015 | 7:15 am
    Sunday, June 21 is Father's Day! Don't forget to recognize the amazing dads in your life - and this year, give them a gift that changes lives!  Millions of children consider their dad to be their ‘superhero.’ They think that their dad is the one who can ‘do it all’ and can make almost anything happen. And I have to admit - I am most definitely one of those people. Even though my dad and I are complete and total opposites, it’s hard to not get along with the person who has given you everything. My dad has been the perfect example of hard work, motivation, and inspiration. He has…
  • How To Celebrate Father's Day

    Allison Kooser
    15 Jun 2015 | 11:28 am
    I love celebrating awesome dads. Father’s Day is just around the corner, and it is the perfect excuse to honor and recognize amazing men who are transforming their families and communities. This Father’s Day, I’m celebrating dads like Patrick, whose deep desire to create a better future for his children gave him the motivation he needed to turn a family farm into a booming business. Dads like Don Antonio, who has grown his farm into an enterprise that is transforming not only his family, but his entire community. Today, he employs more than 30 people! And dads like my own, the number…
  • The Hunger to Stop Global Hunger

    Allison Kooser
    12 Jun 2015 | 12:42 pm
    This summer, we are exploring the path from Farm to Table - exploring the many issues smallholder farmers face around the world.  Almost every night before I go to sleep, I get hungry. I’m talking about the mouthwatering, stomach growling, I-can-eat-a-whole-whale kind of hungry. I lay in bed dreaming of breakfast in the morning, telling myself it’s totally plausible to eat a 14-oz medium rare ribeye with buttery mashed potatoes for breakfast. I convince myself that maybe I can get that beautiful steak from carryout at 7 in the morning. As you can clearly see, I get hungry, but I’ve…
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    MicroCapital: On microfinance, mobile money, SMEs and other forms of impact Investing

  • SPECIAL REPORT: ACRE Africa, Bima, Microfact, Tech-Innov, UTM, Others Report on New Products for Rural Areas at Semaine Africaine de la Microfinance (SAM) in Dakar, Senegal

    MicroCapital Team
    4 Jul 2015 | 5:27 am
    As Semaine Africaine de la Microfinance (SAM) began to draw to a close, a range of service providers described their new products and services at an all-day Innovation Fair. Solenn Marquette of Bima, a Sweden-based insurer operating in 13 developing countries, explained her firm’s strategy for using mobile phones to sell insurance. Although building branches is too expensive, “we still put education teams on ground” to market products. One such product is Tigo Hospitalization, which is offered in Senegal starting at CFA 200 (USD 0.40) per month for up to CFA 30,000 (USD 50) in coverage.
  • MICROCAPITAL BRIEF: IFC, Ecobank to Share Risk on $110m in Loans for Small, Medium-sized Enterprises (SMEs) in West, Central Africa

    Victor Mugo
    3 Jul 2015 | 1:47 am
    The International Finance Corporation (IFC), a member of the World Bank Group; and Ecobank Transnational Incorporated (Ecobank), a commercial bank based in Lome, Togo with operations in 36 African countries, recently announced the launch of a risk-sharing credit facility in the amount of USD 110 million. The credit line is intended to increase access to finance for small and medium-sized enterprises (SMEs) in “fragile and conflict-affected states” [1] in West and Central Africa. The credit facility will be available to Ecobank’s affiliates in Burundi, Chad, Côte d’Ivoire,…
  • SPECIAL REPORT: Boosting Rural Finance via Collaboration Among AFMIN, AMT Forum, AFRACA, MAIN

    MicroCapital Team
    2 Jul 2015 | 3:21 pm
    Semaine Africaine de la Microfinance (SAM) is a production of four African microfinance networks in collaboration with Luxembourgish NGO ADA. As this is only the second SAM, a session was held this week on how the networks can expand their collaboration to increase their effectiveness in promoting rural finance on the continent. Davy Serge Azakpame, the CEO of the Benin-based African Microfinance Network, proposed “creat[ing] an advocacy group to pressure government to boost funding for rural areas.” Caroll Bakang of the Kenya-based African Rural and Agricultural Credit Association…
  • SPECIAL REPORT: How Holistic Approaches Can Advance Rural Enterprise Through Microinsurance, Technology, Market Research

    MicroCapital Team
    2 Jul 2015 | 6:19 am
    At the start of the second day of conference sessions at Semaine Africaine de la Microfinance (SAM), Renée Chao-Beroff of the Participatory Microfinance Group for Africa (PAMIGA), a France-based network of 14 African microfinance institutions, argued, “Microfinance has to be with something else to have effect. Standalone financial services are no longer working. We have to question our practices and go to a more holistic approach.” As an example, Mark Rueegg of Swiss microinsurer CelsiusPro explained how his firm distributes some of the satellite data it collects for actuarial purposes…
  • MICROCAPITAL BRIEF: World Economic Forum (WEF) Leaders Aim for Cooperation among Regulators for Financial Inclusion in Africa

    Jared Deveau
    1 Jul 2015 | 10:03 pm
    During the World Economic Forum (WEF) in South Africa in June, business and political leaders from multiple African countries including Kenya, Nigeria, and South Africa among others, have emphasized the need for collaboration between regulators in order to promote financial inclusion globally. Nigeria’s minister of Finance, Ngozi Okonjo Iweala and the Vice President of Ghana, Kwessi Amissah-Arthur held speeches on the issue of financial inclusion that aims to bring individuals into the formal financial system. Ms Okonjo Iweala stressed the need for cooperation between banking and…
 
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    Center for Financial Inclusion blog

  • Surging Forward – Latin America’s Mobile Money Market

    Center for Financial Inclusion
    2 Jul 2015 | 11:32 am
    > Posted by Jeffrey Riecke, Senior Communications Associate, CFI GSMA’s Mobile Money for the Unbanked (MMU) program recently released the report ‘Mobile Financial Services in Latin America & the Caribbean’, spotlighting the region’s booming mobile money activity. I talked with the report’s authors, Mireya Almazán and Jennifer Frydrych, to learn more about the project. The first half of our conversation follows. The second half of the conversation will be published in the coming days. One of the headline messages of the new report is that the mobile money market in Latin…
  • The Hard Truth about Monetizing Client Data

    Center for Financial Inclusion
    1 Jul 2015 | 6:35 am
    PERC, a “think and do tank” advancing financial inclusion through information services, has been effective in addressing credit invisibility by advocating the use of alternative data in credit reporting, including in Australia, Brazil, China, Kenya, and the U.S. We invited Michael Turner, PERC’s CEO, to submit an opinion piece, and are publishing the results in a three-part series. Part one can be found here; the following is part two. #166894514 / gettyimages.com While the jury may be out on M-Shwari (see here), the verdict is in on M-Pesa. M-Pesa offers real value to an estimated 14…
  • Political Risk Is Keeping Microfinance CEOs Up at Night

    Center for Financial Inclusion
    30 Jun 2015 | 7:55 am
    > Posted by Elisabeth Rhyne, Managing Director, CFI #478613226 / gettyimages.com I recently attended the annual meeting of the Microfinance Network (MFN), which was hosted by the Alexandria Business Association in Alexandria, Egypt. MFN is a global network of some of the largest and leading microfinance institutions, and its annual meeting has long been known for candid and in-depth sharing of experience among the leaders of these institutions, as this post demonstrates. Ask a microfinance CEO what’s making his or her life hard these days, and the answer is likely to be politics.
  • Pakistan’s New Asaan Account, the Alibaba-Enabled Mybank, Mobile Progress in Tanzania – the Third Issue of the FI2020 News Feed

    Center for Financial Inclusion
    29 Jun 2015 | 12:46 pm
    > Posted by Center Staff Hot off the press! We published the third issue of the Financial Inclusion 2020 News Feed, our new weekly online magazine on the big news in financial inclusion. What’s been happening in the world of banking the unbanked? Among its stories, the new issue of the FI2020 News Feed spotlights the following: The State Bank of Pakistan ordered all commercial banks in the country to create a new account category, Asaan Account, which targets the base of the pyramid by simplifying account opening requirements Mybank, a new online bank in China, was launched by Ant…
  • The Business of Doing Good: A Chat with Anton Simanowitz

    Center for Financial Inclusion
    26 Jun 2015 | 8:29 am
    > Posted by Center Staff Larry Reed, director of the Microcredit Summit Campaign, recently sat down with Susy Cheston, senior advisor to FI2020, and Anton Simanowitz, co-author of the new book The Business of Doing Good, to discuss how organizations can do good work and turn a profit, particularly in the microfinance sector. In exploring this question, Simanowitz draws on key insights from the new book, in which he and co-author Katherine Knotts studied the success of AMK, a social enterprise which has touched the lives of millions of people living in poverty in rural Cambodia. This study…
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    microfinance news - Google News

  • Microfinance without borders: a solution for developed and developing nations ... - The Sudbury Star

    3 Jul 2015 | 3:23 pm
    The Sudbury StarMicrofinance without borders: a solution for developed and developing nations The Sudbury StarA boy catches fish in a dried-up pond near the banks of the Ganges river in Allahabad, India, in this June 4, 2015 file photo. India's farm economy could contract this fiscal year for the first time in over a decade because of drought, threatening and more »
  • Microfinance Centre Seeks to Manage Anti-Poverty Funds - AllAfrica.com

    2 Jul 2015 | 4:17 am
    Microfinance Centre Seeks to Manage Anti-Poverty FundsAllAfrica.comKampala — The Microfinance Support Centre (MSC) is seeking government's permission to manage government anti-poverty funds. Ms Justine Bagyenda, the chairperson of MSC, said while meeting the Speaker of Parliament Rebecca Kadaga yesterday at ...
  • MICROCAPITAL BRIEF: BIO, Oikocredit Invest USD 8.3 million in Fusion ... - MicroCapital

    1 Jul 2015 | 12:25 pm
    MICROCAPITAL BRIEF: BIO, Oikocredit Invest USD 8.3 million in Fusion MicroCapitalFusion Microfinance (Fusion), a microfinance institution (MFI) based in New Delhi, has received a combined investment of INR 53 crores (USD 8.28 million) from Belgian Investment Company for Developing Countries SA (BIO), an investment company backed ...
  • Pride Micro Finance Partners With Telecom Companies to Digitalise Banking - AllAfrica.com

    1 Jul 2015 | 8:00 am
    Pride Micro Finance Partners With Telecom Companies to Digitalise BankingAllAfrica.comPride Micro finance has digitalized mobile phone banking, an innovation that will see customers of the the microfinance institution carry out their banking using mobile phones as opposed to visiting the bank. The new product dubbed the Pride Mobile
  • Go long in SKS Microfinance, advises Ashish Chaturmohta - Moneycontrol.com

    1 Jul 2015 | 2:36 am
    Moneycontrol.comGo long in SKS Microfinance, advises Ashish ChaturmohtaMoneycontrol.comAshish Chaturmohta of Fortune Group told CNBC-TV18, " SKS Microfinance looks very strong because for last three-four weeks, the stock has been consolidating in a range between Rs 470 and around Rs 440 odd levels. Today we have seen a good ...and more »
 
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    The Big Picture

  • 10 Weekend Reads

    Barry Ritholtz
    4 Jul 2015 | 4:00 am
    Happy July Fourth. Pour yourself a tall glass of iced coffee, and settle in for our longer form weekend reads: • American Failure: The 401(k) is hailed as the future, but it’s horribly flawed. A select few firms are trying to change that. (Chief Investment Officer) • This Is How Uber Takes Over a City (Bloomberg) • The Surprisingly Imperfect Science of DNA Testing (Frontline) • U.S. Chamber of Commerce Works Globally to Fight Antismoking Measures (NYT) see also “The poor, the young, the black and the stupid”: Inside Big Tobacco’s plans to kill a billion…
  • An Early Return of Stephen Colbert

    Barry Ritholtz
    3 Jul 2015 | 3:00 pm
    Only In Monroe — July 2015
  • Apple Music-First Impressions

    Bob Lefsetz
    3 Jul 2015 | 7:30 am
    This would be a rave, at least a qualified one, if it weren’t for those pesky interface issues. And if I have them, what about the punter Apple and the industry hope to get on board and pay? The service is much more comprehensible in iTunes. At nearly 4 PM, Apple pushed iTunes 12.2 to my Mac. The install was easy. Working the program…nearly impossible. What if they built a maze with goodies at every turn but you couldn’t figure out how to get out, never mind retrace your steps? That’s Apple Music. Although, it’s more comprehensible on the phone, once you get over…
  • 10 Friday AM Reads

    Barry Ritholtz
    3 Jul 2015 | 4:30 am
    A mere 3 day weekend will not prevent our morning reads from their daily route: • 4 percent unemployment might be the new 5 percent unemployment (WaPo) but see The New Jobs Numbers Are Weaker Than They Look (NYT) • 9 myths about the Greek crisis (Politico) • A Venture Capital Giant Says: Bubble? What Bubble? (Dealbook) • Things That Matter (Certifiable Planner) • Bitcoin Is Unsustainable (Vice/Motherboard) • A Comprehensive List of Everyone Trying to Sever Ties With Donald Trump (Gawker) • Another Opportunity to Test Who is Right About the Economy (Washington…
  • Ghibli Spyder

    Barry Ritholtz
    3 Jul 2015 | 3:00 am
    Source: Classic Driver
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    IFMR Blog

  • Battle of Economic Ideas – Part III

    ifmr
    25 Jun 2015 | 12:22 am
    By Ravi Saraogi, IFMR Investments This is the third and final post in our blog series on the Battle of Economic Ideas. You can read the first post here, and the second post here In the first post, we traced the emergence of a rational and modern society during the Age of Enlightenment (1650s-1780s). The subsequent era of the Classical Liberals (1750s to 1880s) witnessed the birth of modern economics through the works of Adam Smith. In the second post, we provided an overview of the Marxian and Keynesian backlash (1850s to 1970s) that challenged the ideas of Classical Liberals. Continuing from…
  • The IFMR Trust Group Annual Update 2015: Enabling Access to Finance

    ifmr
    11 Jun 2015 | 6:17 am
    The IFMR Trust Group has, since 2008, reached over 11 million financially excluded individuals across 24 states and 356 districts in India through its group companies, IFMR Finance Foundation, IFMR Rural Finance, and IFMR Holdings (IFMR Rural Channels and Services (IRCS), IFMR Capital, and Investment Adviser and IFMR Investment Managers – collectively referred to as IFMR Investments). With its focus on both retail and wholesale financial services, the group currently offers its retail rural customers with over 15 products and services, including customized loan, savings, investment,…
  • Pudhuaaru KGFS Turns 7 – The journey so far

    ifmr
    1 Jun 2015 | 2:41 am
    (In case you are unable to view the infograph please click here.)
  • Barriers to basic banking in India

    ifmr
    28 May 2015 | 11:01 pm
    In a column published in Ideas for India, Camille Boudot of IFMR Lead & Amy Mowl of IFMR Finance Foundation write about the challenges customers face in availing basic banking services in India. The authors draw from their 2014 audit study “Barriers to Basic Banking: Results from an Audit Study in South India” and provide a perspective on why meaningful financial inclusion requires more than just a simple account, proof of ID, and a mobile phone, but in its essence, it starts with providers who are willing to serve low-income customers. Abstract: The Indian government is promoting the…
  • Battle of Economic Ideas – Part II

    admin
    20 May 2015 | 11:14 pm
    By Ravi Saraogi, IFMR Investments This is the second post in our blog series on the Battle of Economic Ideas. You can read the first post here The underlying theme in the previous post was the emergence of a rational and modern society during the Age of Enlightenment (1650s-1780s). Thinkers like Rene Descartes and John Locke questioned feudal doctrines of the past, paving the way for the rise of scientific thinking and political freedom. The subsequent era of the Classical Liberals (1750s to 1880s) witnessed the birth of modern economics through the works of Adam Smith. Smith’s ‘invisible…
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