Microfinance

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  • Graduation Programs as Part of Targeted Social Policy

    Blog
    Carolina Trivelli
    19 Feb 2014 | 2:05 pm
    After more than 15 years, conditional cash transfer (CCT) programs have become the backbone of targeted social policies in Latin America. In fact, more than 100 million Latin Americans live in households on the receiving end of these programs. There is general agreement about the benefits of CCTs and their success in improving the health and education of children in families that participate. But CCTs do not go far enough to bring about the significant changes needed if we are really serious about overcoming extreme poverty.
  • MICROCAPITAL BRIEF: Creditcorp’s Financiera Edyficar of Peru to Acquire 61% Stake in Mibanco for $179m

    MicroCapital
    A'kos Szebeni
    21 Feb 2014 | 3:56 am
    Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Creditcorp, recently announced that it will acquire a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). The acquisition, which will cost Edyficar approximately USD 179 million, reportedly is part of Edyficar’s strategy to expand its microloan market share. According to Market Watch, a US-based publisher of business news, the combined entity would serve approximately…
  • Microfinance Corporate Governance: Is It Special? (Part One)

    Center for Financial Inclusion Blog
    Center for Financial Inclusion
    21 Feb 2014 | 7:08 am
    > Posted by Bob Bragar, Principal, Strategies for Impact Investors The Investing in Inclusive Finance program at the Center for Financial Inclusion at Accion explores the practices of investors in inclusive finance. Across areas including risk, governance, stakeholder alignment, and fund management, this blog series highlights what’s being done to help the industry better utilize private capital to develop financial institutions that incorporate social aims. The following is the first of two posts in which Bob Bragar discusses some of the unique governance challenges faced by…
  • Mobile Financial Service Providers Must Factor Local Differences in Access & Usability

    Blog
    William Neuheisel
    19 Feb 2014 | 6:40 am
    Tags: usabilitymobile money
  • Benefits of E-Banking

    myKRO.org
    Jerry Ostradicky
    21 Feb 2014 | 6:00 am
                      Although mobile banking isn’t a new concept, it still blows me away how many banks and people around the world don’t have access to internet banking. I’ve always seen the positive side to mobile banking in terms of helping people have access to banking, but it was interesting reading this article about the National Microfinance Bank in Tanzania and how it’s also helping the bank. It’s hard to realize how hard banking can be when I have a bank at the bottom of my building and it takes all of 3 min to…
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    Blog

  • Graduation Programs as Part of Targeted Social Policy

    Carolina Trivelli
    19 Feb 2014 | 2:05 pm
    After more than 15 years, conditional cash transfer (CCT) programs have become the backbone of targeted social policies in Latin America. In fact, more than 100 million Latin Americans live in households on the receiving end of these programs. There is general agreement about the benefits of CCTs and their success in improving the health and education of children in families that participate. But CCTs do not go far enough to bring about the significant changes needed if we are really serious about overcoming extreme poverty.
  • How the Graduation Approach Fits Into Social Protection Programs

    Michael Samson
    19 Feb 2014 | 6:36 am
    This past decade has seen an exponential growth in social protection programs.
  • Poverty, Social Assistance and the "Graduation" Agenda

    Margaret Grosh
    17 Feb 2014 | 5:07 pm
    The big picture of poverty reduction trends and forecasts are encouraging but imply increasing complexity for poverty reduction strategies.
  • How Can the Poor Embark on a Pathway To Sustainable Livelihoods?

    Tilman Ehrbeck, Aude de Montesquiou
    12 Feb 2014 | 12:20 pm
    Creating the appropriate pathways for people to escape extreme poverty is one of the biggest challenges of our time.
  • How Greenfield MFIs Advance Market Development in Africa

    Antonique Koning
    7 Feb 2014 | 1:33 pm
    The proliferation of greenfield microfinance institutions (MFIs) - newly created financial institutions established without pre-existing infrastructure, staff, clients or portfolios – has been a trend across Africa in the last decade. By 2012, 31 greenfield MFIs had started operations in twelve countries (see map). CGAP and IFC studied their performance and analyzed the business models of the organizing bodies that created them, including holding companies.
 
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    MicroCapital

  • MICROCAPITAL BRIEF: Creditcorp’s Financiera Edyficar of Peru to Acquire 61% Stake in Mibanco for $179m

    A'kos Szebeni
    21 Feb 2014 | 3:56 am
    Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Creditcorp, recently announced that it will acquire a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). The acquisition, which will cost Edyficar approximately USD 179 million, reportedly is part of Edyficar’s strategy to expand its microloan market share. According to Market Watch, a US-based publisher of business news, the combined entity would serve approximately…
  • MICROCAPITAL BRIEF: Global Index Insurance Facility to Donate $4m to Syngenta Foundation for Sustainable Agriculture in Kenya, Rwanda and Tanzania

    Meraj Husain
    20 Feb 2014 | 11:05 pm
    The International Finance Corporation (IFC), the US-based World Bank Group’s private investment arm, has approved two grants totaling USD 3.9 million to Syngenta Foundation for Sustainable Agriculture, a Swiss nonprofit organization, to provide index-based weather insurance to rural farmers in Kenya, Rwanda and Tanzania. Index insurance pays benefits based on deviations from predetermined ranges of weather conditions such as rainfall level or temperature. The grants were issued by the Global Index Insurance Facility, a trust fund managed by IFC and supported by the European Union, Japan,…
  • MICROCAPITAL BRIEF: Arab Gulf Program for Development (AGFUND) Partners with Philippines Chamber of Commerce and Industry (PCCI) to Bring Ibdaa Microfinance Bank to Eighth Country

    Nisha Koul
    19 Feb 2014 | 9:31 pm
    The Arab Gulf Program for Development (AGFUND), a Saudi Arabia-based development organization, and the Philippines Chamber of Commerce and Industry (PCCI), a policy- and advocacy-oriented group that represents approximately 35,000 businesses in the Philippines, have signed an agreement to create an iteration of the “Ibdaa Microfinance Bank” (IMB) that is intended to increase financial inclusion of poor people and micro-, small and medium-sized enterprises (MSMEs) in the Philippines [1][2]. IMB in the Philippines will be the eighth such bank setup with the support of AGFUND. The other…
  • MICROCAPITAL BRIEF: Nigerian Diamond Bank Partners with African Guarantee Fund to Lend $25m to Micro-, Small, Medium-Sized Enterprises (MSMEs)

    Tejas Jain
    18 Feb 2014 | 9:05 pm
    African Guarantee Fund (AGF), a Kenya-based organization that aims to increase financial inclusion by underwriting commercial bank lending to small and medium-sized enterprises (SMEs) in Africa, reportedly has agreed to guarantee 50 percent of USD 25 million by Diamond Bank Public Limited Company (PLC), a Nigerian commercial bank, via its affiliate institutions in Benin, Côte d’Ivoire, Nigeria, Senegal and Togo to micro-, small and medium-sized enterprises (MSMEs). As of September 2013, Diamond Bank  reported total assets of NGN 1.4 trillion (USD 8.4 billion), return on assets of 1.99…
  • MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund Loans $65m to Bank of Georgia

    Meraj Husain
    18 Feb 2014 | 8:12 pm
    The International Finance Corporation (IFC) Capitalization Fund, which is managed by US-based IFC Asset Management Company, has disbursed a subordinated loan facility of USD 65 million to the Bank of Georgia, a commercial bank, to expand lending operations in Georgia. The loan has a 10-year maturity date and qualifies as Tier-II Capital, which is supplementary capital that adds to the bank’s reserves but is difficult to liquidate. As of 2011, Bank of Georgia, which operates in Belarus and Ukraine in addition to Georgia, reported total assets of GEL 4.7 billion (USD 2.8 billion), client…
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    Center for Financial Inclusion Blog

  • Microfinance Corporate Governance: Is It Special? (Part One)

    Center for Financial Inclusion
    21 Feb 2014 | 7:08 am
    > Posted by Bob Bragar, Principal, Strategies for Impact Investors The Investing in Inclusive Finance program at the Center for Financial Inclusion at Accion explores the practices of investors in inclusive finance. Across areas including risk, governance, stakeholder alignment, and fund management, this blog series highlights what’s being done to help the industry better utilize private capital to develop financial institutions that incorporate social aims. The following is the first of two posts in which Bob Bragar discusses some of the unique governance challenges faced by…
  • Big Banks and Small Savers

    Center for Financial Inclusion
    20 Feb 2014 | 7:52 am
    > Posted by David Porteous, Managing Director, Bankable Frontier Associates In Beth Rhyne’s recent blog post (“Base-of-the-Pyramid Savings Among Accion Partners: Some News Is Bad and Some News Is Good”), she argues for the need to stratify deposits by size to understand what is happening inside a bank’s portfolio of depositors. We agree. We have just completed the four year GAFIS project, sponsored by Rockefeller Philanthropy Associates and funded by the Bill and Melinda Gates Foundation. Through GAFIS, we worked with five large commercial banks around the world (shown in the map…
  • 2014 Microfinance Banana Skins… What’s Your View?

    Center for Financial Inclusion
    19 Feb 2014 | 7:38 am
    > Posted by Philip M. Brown and Deborah Drake, Citi Microfinance and CFI The Investing in Inclusive Finance program at the Center for Financial Inclusion at Accion explores the practices of investors in inclusive finance. Across areas including risk, governance, stakeholder alignment, and fund management, this blog series highlights what’s being done to help the industry better utilize private capital to develop financial institutions that incorporate social aims. What will this year’s Microfinance Banana Skins Survey top message be? We are eagerly awaiting the responses to the…
  • Palestine to Develop a National Financial Inclusion Strategy

    Center for Financial Inclusion
    18 Feb 2014 | 8:18 am
    > Posted by Center Staff PCMA CEO Abeer Odeh and PMA Governor Jihad Al Wazir Last week Palestinian government officials announced plans to create a national financial inclusion strategy, an initiative that would put it on a short list of two countries in the Middle East and North Africa (MENA) region that have nationwide, government-led inclusion plans (Morocco being the other). The Palestine Monetary Authority (PMA) and the Palestine Capital Markets Authority (PCMA), the country’s central bank and a national regulating body will co-lead the project along with support from the…
  • The Rise of Hospital Cash Plans in South Africa

    Center for Financial Inclusion
    14 Feb 2014 | 11:12 am
    > Posted by Jeffrey Riecke, Communications Associate, CFI  In South Africa, where fewer than 20 percent of people have medical insurance, the alternative product of hospital cash plans (HCPs) is becoming increasingly popular, but it remains to be seen where within the country’s shifting healthcare landscape HCPs will settle, and what HCP products will look like as they mature. There are currently 2.4 million people covered by HCPs in South Africa and this number is growing by 50,000 each month. As their name might suggest, hospital cash plans don’t offer comprehensive healthcare, but…
 
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    Blog

  • Mobile Financial Service Providers Must Factor Local Differences in Access & Usability

    William Neuheisel
    19 Feb 2014 | 6:40 am
    Tags: usabilitymobile money
  • Ending Poverty by 2035

    William Neuheisel
    8 Feb 2014 | 10:38 am
    Bill Gates visits MOTECH, an mHealth joint initiative by Grameen Foundation and the Ghana Health Service
  • What’s Next for eAgriculture?

    William Neuheisel
    24 Jan 2014 | 12:00 pm
    By Juan Forero, Mobile Financial Services & Commercial Manager, Grameen Foundation
  • The Implications of the Scarcity Thesis For Microfinance & Poverty Alleviation (Part Two)

    William Neuheisel
    15 Jan 2014 | 7:49 am
    Just as increasing use of a “gender lens” has transformed thinking about and the practice of international development in recent decades, so too can behavioral economics in the near future.  In some cases, this discipline explains and reaffirms current practice.  In other cases, the study of behavioral economics provides an alternative explanation of why some things work and others don’t.  In still other cases, it suggests that current thinking and so-called “best practices” are wrong and counter-productive.  Now and then, it prompts us to consider readopting a practice that has…
  • Contemplating Scarcity and Its Implications for Microfinance and Poverty Alleviation (Part One)

    William Neuheisel
    13 Jan 2014 | 7:18 am
    The field of behavioral economics – the intersection of psychology and economics – is fairly new.  This is a partial explanation of why its lessons have not yet been applied much to microfinance and anti-poverty programs generally.  But this is clearly changing, and none-too-soon, as microfinance in particular is in need of reinvention and rebranding. Tags: behavioral economics
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    myKRO.org

  • Benefits of E-Banking

    Jerry Ostradicky
    21 Feb 2014 | 6:00 am
                      Although mobile banking isn’t a new concept, it still blows me away how many banks and people around the world don’t have access to internet banking. I’ve always seen the positive side to mobile banking in terms of helping people have access to banking, but it was interesting reading this article about the National Microfinance Bank in Tanzania and how it’s also helping the bank. It’s hard to realize how hard banking can be when I have a bank at the bottom of my building and it takes all of 3 min to…
  • Microfinance Internships

    Jerry Ostradicky
    20 Feb 2014 | 7:00 am
    Here’s a few Microfinance Internships to recently got posted: 100 Million Project Intern Microcredit Summit Campaign About the Job: MCS is seeking a 100 Million Project Intern. S/he will support the organization’s 100 Million Project, which aims to galvanize the microfinance and financial inclusion sector around the “100 million goal”: helping 100 million families lift themselves out of poverty. This is an unpaid internship. [read more] Communications and Social Media Intern Microcredit Summit Campaign About the Job: MCS is seeking a Communications and Social Media Intern.
  • Microfinance – The Positive Ripple Effect

    Fehmeen Khan
    19 Feb 2014 | 10:39 am
    Fehmeen blogs at Loans and Lifestyle – a blog about the role of loans in our lives. Microfinance spread across the global economy like a gentle yet noticeable wave a few years ago and led to empowerment of the lower class in more ways than one could imagine. Since microcredit is a financial tool, one would imagine the benefit delivered would be limited to monetary gain, but the social nature of this tool has created value in numerous ways. A few studies claim the financial benefit of microfinance is not as grand as its champions claim it to be. They support their argument by drawing…
  • Volunteer Opportunity in Nicaragua

    Drew Meyers
    20 Jan 2014 | 8:42 am
    Here is an opportunity that may interest some of myKRO’s readers… Live in beautiful colonial Granada, Nicaragua, and volunteer in microfinancing. No experience necessary. We will train you. We make small zero-interest loans to people who make less than $2 a day so they may start small businesses. We are looking for someone who can commit to this position for at least six months, but preference will be be given to those who can commit for nine months, a year, or longer. You should know some Spanish, but you do not have to be fluent. You should be comfortable with a computer and the…
  • Kiva Hits 1 Million Borrowers

    Drew Meyers
    7 Oct 2013 | 11:30 am
    Wow, Kiva hit 1 MILLION borrowers over the weekend…congrats! Click here to view the embedded video. PS: If you want to find other Kiva advocates nearby, I encourage you to join the Kiva community on Oh Hey World. The post Kiva Hits 1 Million Borrowers appeared first on myKRO.org.
 
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    MicroCapital

  • MICROCAPITAL BRIEF: Creditcorp’s Financiera Edyficar of Peru to Acquire 61% Stake in Mibanco for $179m

    A'kos Szebeni
    21 Feb 2014 | 3:56 am
    Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian bank holding company Creditcorp, recently announced that it will acquire a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). The acquisition, which will cost Edyficar approximately USD 179 million, reportedly is part of Edyficar’s strategy to expand its microloan market share. According to Market Watch, a US-based publisher of business news, the combined entity would serve approximately…
  • MICROCAPITAL BRIEF: Global Index Insurance Facility to Donate $4m to Syngenta Foundation for Sustainable Agriculture in Kenya, Rwanda and Tanzania

    Meraj Husain
    20 Feb 2014 | 11:05 pm
    The International Finance Corporation (IFC), the US-based World Bank Group’s private investment arm, has approved two grants totaling USD 3.9 million to Syngenta Foundation for Sustainable Agriculture, a Swiss nonprofit organization, to provide index-based weather insurance to rural farmers in Kenya, Rwanda and Tanzania. Index insurance pays benefits based on deviations from predetermined ranges of weather conditions such as rainfall level or temperature. The grants were issued by the Global Index Insurance Facility, a trust fund managed by IFC and supported by the European Union, Japan,…
  • MICROCAPITAL BRIEF: Arab Gulf Program for Development (AGFUND) Partners with Philippines Chamber of Commerce and Industry (PCCI) to Bring Ibdaa Microfinance Bank to Eighth Country

    Nisha Koul
    19 Feb 2014 | 9:31 pm
    The Arab Gulf Program for Development (AGFUND), a Saudi Arabia-based development organization, and the Philippines Chamber of Commerce and Industry (PCCI), a policy- and advocacy-oriented group that represents approximately 35,000 businesses in the Philippines, have signed an agreement to create an iteration of the “Ibdaa Microfinance Bank” (IMB) that is intended to increase financial inclusion of poor people and micro-, small and medium-sized enterprises (MSMEs) in the Philippines [1][2]. IMB in the Philippines will be the eighth such bank setup with the support of AGFUND. The other…
  • MICROCAPITAL BRIEF: Nigerian Diamond Bank Partners with African Guarantee Fund to Lend $25m to Micro-, Small, Medium-Sized Enterprises (MSMEs)

    Tejas Jain
    18 Feb 2014 | 9:05 pm
    African Guarantee Fund (AGF), a Kenya-based organization that aims to increase financial inclusion by underwriting commercial bank lending to small and medium-sized enterprises (SMEs) in Africa, reportedly has agreed to guarantee 50 percent of USD 25 million by Diamond Bank Public Limited Company (PLC), a Nigerian commercial bank, via its affiliate institutions in Benin, Côte d’Ivoire, Nigeria, Senegal and Togo to micro-, small and medium-sized enterprises (MSMEs). As of September 2013, Diamond Bank  reported total assets of NGN 1.4 trillion (USD 8.4 billion), return on assets of 1.99…
  • MICROCAPITAL BRIEF: International Finance Corporation (IFC) Capitalization Fund Loans $65m to Bank of Georgia

    Meraj Husain
    18 Feb 2014 | 8:12 pm
    The International Finance Corporation (IFC) Capitalization Fund, which is managed by US-based IFC Asset Management Company, has disbursed a subordinated loan facility of USD 65 million to the Bank of Georgia, a commercial bank, to expand lending operations in Georgia. The loan has a 10-year maturity date and qualifies as Tier-II Capital, which is supplementary capital that adds to the bank’s reserves but is difficult to liquidate. As of 2011, Bank of Georgia, which operates in Belarus and Ukraine in addition to Georgia, reported total assets of GEL 4.7 billion (USD 2.8 billion), client…
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    The Big Picture

  • Succinct Summations of Week’s Events 2.21.14

    Barry Ritholtz
    21 Feb 2014 | 2:00 pm
    Succinct Summations week ending February 21, 2014 Positives: 1. The S&P had its first 3 week win streak in 3 months. 2. Facebook paid 19B for Whatsapp, just amazing 3. New local-currency lending in China was 1.3T Yuan, the highest since 2010. 4. PPI rose 0.2% in January and 1.2% y/o/y. A little inflation is a lot better than deflation. 5. Empire state manufacturing showed business conditions improved marginally. 6. The BOJ announced it would enhance incentives designed to spur bank lending, the Nikkei had its best day since September. 7. Greece had a current account surplus for the first…
  • The Joy and Freedom of Working Until Death

    Kent Thune
    21 Feb 2014 | 11:00 am
    “This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet.” ~ Henry David Thoreau This quote from Thoreau’s Walden captures a primary theme of my blog, The Financial Philosopher: To lead one’s life on the basis of abstract concepts, such as retirement, freedom, and success is, at best, to lead an inauthentic life and, at worst, one of slavery. Here are a…
  • Has QE Been Effective?

    Guest Author
    21 Feb 2014 | 9:00 am
  • Asia’s Decoupling: Fact, Forecast or Fiction?

    Guest Author
    21 Feb 2014 | 8:00 am
  • The best investment advice you’ll never get

    Barry Ritholtz
    21 Feb 2014 | 6:00 am
    When I first saw this online, I grabbed a copy for my own use. Recently, I went back to reread part of it — and it was gone! Lucky I captured this before it disappeared. Enjoy. The best investment advice you’ll never get By Mark Dowie San Francisco magazine, December 2006     For 35 years, Bay Area finance revolutionaries have been pushing a personal investing strategy that brokers despise and hope you ignore. The story of a rebellion that’s slowly but surely putting money into the pockets of millions of Americans, winning powerful converts, and making money…
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    Finance Trends Matter

  • Reading list: Books for new and veteran traders

    20 Feb 2014 | 7:13 pm
    There's a stack of books on a corner of my desk and it's piled 10 high. They are all, in some way, related to trading or professional money management and investing. These are books you may have heard me mention on Twitter. Some I've read and re-read. Some are newly acquired and I may have only had a chance to flip through or read to the halfway mark. We'll focus more on those I've read, but I want to give you the heads up on some of the newer (to me) titles as well. I think they all contain some useful insights that will help you to become a more focused and informed trader (or…
  • John Templeton: Contrarian (2013 documentary)

    16 Jan 2014 | 5:28 pm
    The life of famed investor, Sir John Templeton is recalled by family and friends in Contrarian, a 2013 film directed by Mary Mazzio. You can watch the film online here, via Bloomberg, for a limited time.  As an admirer of Templeton's investing acumen and wisdom, I was glad to check out this breezy overview of the legendary investor's career and to hear a few tales about his long and productive life (Templeton, who lived to be 95, died in 2008). However, those looking for a more critical look at John Templeton's business and philanthropic efforts may be disappointed. The…
  • Marty Schwartz: Market Wizards interview insights

    13 Dec 2013 | 5:30 am
    In our follow up to last week's post, Marty Schwartz ("Pit Bull") speaks at Amherst College, today we bring you something old and new. From Jack Schwager's original Market Wizards (1989) comes an interview with Marty Schwartz, "Champion Trader". We'll provide you with some quotes and insights from Schwartz's interview, but I also encourage you to get a copy of the book and read it cover to cover, if you haven't already. On to the good stuff. Here is an excerpt from Jack Schwager's intro to the discussion: "I interviewed Marty Schwartz at his office after trading hours. I found…
  • Marty Schwartz ("Pit Bull", trader) speaks at Amherst College

    4 Dec 2013 | 3:04 pm
    Trader and Pit Bull author, Marty Schwartz speaks at Amherst College and shares lessons on markets and life in a rare, hour-long video session (Hat Tip: Tischendorf Letter). You may also know Schwartz from his interview in Jack Schwager's Market Wizards, a chapter which I will revisit in a follow-up post.  For now, let's absorb some of the wisdom and life lessons he imparts to the students at Amherst. Those of us who are students of trading and life may find a few pearls in the highlights below: Marty Schwartz begins his talk by relating some of his experiences as an Amherst…
  • Stan Druckenmiller talks trading: Bloomberg interview

    24 Nov 2013 | 5:58 pm
    Stanley Druckenmiller, a hedge fund Hall of Famer, speaks with Bloomberg TV at the Robin Hood Investment Conference and shares his thoughts on IBM and Amazon, technological innovation, his trading methods, and the current state of the hedge fund industry.A few notes and quotes from Stan Druckenmiller's latest interview (watch the full interview below): On IBM: Druckenmiller is short IBM. Sales have been declining since 2009. The cloud and Amazon's AWS is "killing" IBM. Says Druckenmiller, "I think the truth teller in companies is free cash flow and the free cash flow [declined considerably]…
 
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    SocialStory

  • 23-year-old becomes the voice of hearing impaired artists

    Alessio Pieroni
    21 Feb 2014 | 3:04 am
    It is said love has no language. Smriti Nagpal’s two older siblings were hearing impaired. But this did not stop the three of them from communicating their feelings for each other like in any other family. Smriti took it upon herself to learn the sign language to be the voice of her siblings. At 23, Smriti is the CEO and Founder of Atulyakala, a social enterprise that is empowering deaf artists through design partnership and creative collaborations. “I grew up with two elder siblings who are 10 years older than me. The only way to communicate with them was to learn sign language that sort…
  • How a US teenager toiled for 10 years to be the change for orphans in Nepal

    Alessio Pieroni
    19 Feb 2014 | 9:01 pm
    She was just 17, and wanted to change the world for the better. Ten years later, she has done just that even if it is a small part of the world. At 27, Maggie Doyne, founder of Kopila Valley Children’s Home and BlinkNow Foundation,  has become a symbol of hope for orphan children in Nepal. After high school in NewJersey Maggie decided to take a gap year instead of going to university. “I just wanted to learn outside of my classroom and discover the world. That’s why I decided to come to India to work for an organisation which was helping refugees from Nepal. These people were fleeing…
  • Kaarmic bridging the gap between education and employability

    Alessio Pieroni
    17 Feb 2014 | 4:06 am
    Education and employability are correlated.  If you don’t have a good education system it is very difficult to provide job opportunities to young people. Statistics show that 47% graduates in India are not employable for any jobs, for example, for accounting just 3% of the graduates have the required employability skills. Over 60% people who have employability skills come from top 30% colleges. In order to solve this problem, especially related to low-income schools and universities, four people — Prashanth Ramagiri, Karthik Dantu, Adithya Sanjay and Anishay Raj — came together…
  • One-man mission to make eye care accessible in Assam with ERC Eye Care

    Kirti Punia
    16 Feb 2014 | 7:02 pm
    Dr. Parveez Ubed is an ophthalmologist from Assam with a mission to provide inclusive, affordable and accessible eye care to all, primarily to the underserved community. After he graduated in 2007, he started working in the civil hospital in Johrat, and came across a large number of people with cataract. There were also many patients with very low vision who had not taken any corrective measures. Parveez says that Assam has the lowest access to eye care services in the country and approximately 18% of Indians suffering from cataract are from here.  Many general hospitals don’t have the…
  • Jobs Roundup – Top Social Enterprise job openings at Udayan Care, Digambarpur Angikar, Jeevika Development Society and more

    Alessio Pieroni
    15 Feb 2014 | 8:26 pm
    Are you passionate about social innovation and entrepreneurship? Do you want to take a role in fostering social investment? These are some of the social enterprise top jobs available around India. 1) Coordinator at Udayan Care Udayan Care is a well respected Child Rights organization. We aim to promote the quality of life of disadvantaged children through a unique approach called LIFE ‘Living in Family Environment”. We are committed to promoting children’s rights, equality, and developing the capacity of civil society to participate in social development. Job Description: To work as a…
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    IFMR Blog

  • CCFS Recommendations on Credit Delivery – Part 2

    ifmr
    19 Feb 2014 | 10:32 pm
    By Deepti George, IFMR Finance Foundation The CCFS recommendations pertaining to national full-service banks and regional banks have been covered in our previous post. Unlike these deposit-taking institutions, the third category of institutions, namely, RBI-regulated Non-Banking Financial Companies are not involved in taking public retail deposits and are primarily focussed on credit delivery and therefore supplement the bank-led channels for credit delivery. It is well-established that NBFCs have been providing credit in an effective manner to segments that have been traditionally…
  • CCFS Recommendations on Credit Delivery – Part 1

    ifmr
    14 Feb 2014 | 10:01 pm
    By Deepti George, IFMR Finance Foundation The RBI Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households (CCFS) lays out several recommendations to strengthen the supply side with respect to credit outreach through the banking and non-banking infrastructure that is already in place. It emphasises that the provision of credit to remote or difficult-to-serve customers must be cognisant of risks involved or the cost-to-serve considerations so that viability of the entire channel can be sustained and that profitable models are given the freedom to evolve. The…
  • A Picture of India’s Financial Depth

    ifmr
    11 Feb 2014 | 3:43 am
    By Deepti George, IFMR Finance Foundation The CCFS Report has laid out a vision for Sufficient Access to Affordable Formal Credit that places a goal of achieving a Credit to GDP ratio for each district of atleast 10% by January 1, 2016, and to cross 50% by January 1, 2020. Presently, based on estimates used in the CCFS Report, 94% of all districts’ urban areas and only 30% of all districts’ rural areas have achieved the 10% target, while only 18% of all districts’ urban areas and 2% of all districts’ rural areas have achieved the 50% target. Notwithstanding the difficulty in obtaining…
  • Understanding Voluntary Pension Contributions by Informal Sector Workers

    ifmr
    5 Feb 2014 | 10:38 pm
    Guest post by Renuka Sane, Indian Statistical Institute, New Delhi Financial inclusion is a priority area in the minds of policy makers in India. The larger focus of this debate has been on access to credit and insurance. Savings products, and long-term pension products have received relatively less attention. It is often assumed that poor people do not have the ability to save towards an illiquid product such as a pension plan. In recent years, several emerging economies including China, Dominican Republic, India, Indonesia, Vietnam, have begun experimenting with some form of Matched Defined…
  • The Mor Committee Report – Will Payments Banks Be Revolutionary or Evolutionary?

    ifmr
    2 Feb 2014 | 10:31 pm
    By Graham A.N. Wright, Group Managing Director, MicroSave One of the more debated aspects of the Mor Committee’s report on “Comprehensive Financial Services for Small Businesses and Low Income Households” is the proposal for the new class of banks, in particular the “Payments Banks”. While it is probably a stretch to assert that this is an “incremental step” from the existing (Pre-Paid Instrument Issuers) PPIs, it is fair to say that, “Actually it is becoming a norm worldwide”. The EU Payment Services Directive was implemented across the European Union in 2009 specifically…
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