International non-profit for microfinance, VisionFund will be celebrating its 10th year of existence this year. It will celebrate this by publishing throughout the year, profiles of some of its successful microfinance clients across the world. Read more here.
IFAD, or the International Fund for Agricultural Development has recently provided an amount of US$925,000 to the existing Agricultural Bank of Sudan Microfinance Initiative (ABSUMI). This fund will be used to improve the lives of as many as 150,000 households through a variety of both agricultural and non-agricultural investments. Read […]
Family Bank in Bahrain, together with Tamkeen (Labour Fund) has signed an agreement wherein US$2.65 million, or BHD 1 million will be added to the microfinance portfolio of Family Bank’s Microfinance Support Scheme. Read more here.
Berlin based company, Mambu has received US$2 million in funding from Runa Capital and Point Nine Capital. This fund will be used to establish a global presence and expand its team of developers. So far, Mambu has enabled over 70 MFIs in 20 countries. Read more here.
The microfinance industry as a whole is hopeful that the proposed Microfinance Bill, 2012 will get the Parliament’s approval During the upcoming Budget session. This bill will define the role of microfinance institutions for all future references in the industry. Read more here.
According to data from the National Association of the Right to Credit, as many as 174 businesses were granted loans as of last year. These loans helped create many jobs, and it was found that four out of ten companies funded through this microcredit were being run by people under […]
The high court of the Indian state of Andhra Pradesh, the epicentre of the microfinance overlending storm in 2010, has upheld the severe law on microfinance in the state which was subsequently launched. The petition to declare the Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act 2010 as […]
This post talks about the importance of educating the target customers when it comes to microfinance. Microfinance is no longer all about microcredit. It has expanded in definition to include microinsurance, perhaps the most important form of financial access for the poor as it decreases risks for poor, encouraging them […]
A number of MFB customers who want access to loans, but are unable to get it are awaiting the launch of a comprehensive microfinance scheme in Nigeria. This scheme will act as a guarantee for people who were unable to provide collaterals for taking loans from MFBs before. Read more […]
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