|Oct. 14||El Salvador: Remittances and Financial Inclusion|
While we know a lot about the impact of remittances on growth, investment, poverty, inequality, health, and education, the potential effects of international remittances on the domestic financial system and financial inclusion have not received much attention.
|Oct. 14||India: Aavishkaar II Makes First Close At USD 62 million; Targets USD 120 million By June 2012|
Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas and bottom-of-the-pyramid space, has made the first close of its new fund at USD 62 million within nine months after its launch.
|Oct. 13||Industry Mobilizes to Prevent Over-indebtedness in Push for Responsible Finance, CGAP|
The microfinance industry is stepping up its efforts around responsible finance, including consumer protection measures and efforts to prevent over-indebtedness, according to CGAP, the global industry body dedicated to advancing financial access for the world's poor.
Source: Market Watch
|Oct. 13||Costa Rica: Foromic Closes with Call to Expand Financial Services into New and Underserved Markets|
At the 14th Inter-American Forum on Microenterprise (Foromic 2011), leaders in the microfinance industry in Latin America and the Caribbean debated ways to increase access to financing in underserved sectors, particularly rural areas; and develop services and products tailored to meet the needs of low-income populations and micro, small and medium-sized businesses, especially those owned by women entrepreneurs.
Source: Insurance News
|Oct. 13||Middle East: Micro-Entrepreneurs Play Central Role in Stability, According to CHF International Issue Brief|
Today, CHF International, a development organization, along with Craig Newmark, founder of craigslist.org, hosted a conversation on the role of socially-responsible lending -- such as microfinance and Small and Medium Sized Enterprise (SME)-finance -- in creating stability in the Middle East and North Africa. The event coincided with the release of an issue brief detailing the current situation and needs in more detail.
Source: Market Watch