|Oct. 11||Kyrgyzstan: The European Bank for Reconstruction and Development provides Loan to Frontiers MLC for Cross-Border Microfinancing|
The European Bank for Reconstruction and Development (EBRD) is boosting its support to the financial sector in the Kyrgyz Republic with a USD 2 million loan in local currency (Som) to the micro-lending company Frontiers LLC.
Source: The European Bank for Reconstruction and Development
|Oct. 11||Latin America tops Global Microscope Index on the Microfinance Business Environment 2011|
This annual study ranks the business environment for microfinance in 55 countries and provides a perspective on both country-specific and global trends. The results show that Peru and Bolivia have the best environments for microfinance in global ranking
Source: Inter-American Development Bank
|Oct. 08||New Ways to Borrow: Shark bait|
Most people think of developing countries when they hear the term “microfinance”. Not so a growing number of the 1.14 million low-income households (4% of Britain’s total) that lack bank accounts, nor the additional 8 million people (15% of the population) who are “underbanked”— excluded from mainstream bank lending and credit cards, both of which are increasingly stingy, because of bad credit scores or irregular incomes.
Source: The Economist
|Oct. 07||Armenia: Germans Give USD 10 Million for Small and Medium sized Enterprises Development|
Armenian microfinance bank Inecobank is set to receive a loan of USD 10 million through a joint agreement with German development finance institution Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG) and Austrian development bank Oesterreichische Entwicklungsbank AG (OeEB) in an effort to promote the development of small and medium-sized enterprises (SME) in Armenia.
Source: hetq online
|Oct. 05||Four new Microfinance Investment Vehicles obtain the LuxFLAG Microfinance Label|
LuxFLAG is pleased to announce that 4 new Microfinance Investment Vehicles (MIVs) have been granted the LuxFLAG Microfinance Label: the Microfinance Enhancement Facility S.A.SICAV-SIF, Selectum SICAV SIF - BL Microfinance, Etimos Fund SICAV-SIF and Dual Return Fund SICAV- SIF Vision Microfinance Local Currency.
Source: The Luxembourg Bankers' Association
|Oct. 04||The Microfinance Catalyst|
So-called “impact investors” – providers of capital to businesses that solve social challenges while generating a profit – are the current rage in economic development.
Source: Project Syndicate