|Nov. 14||Microfinance Struggles with UK Growing Pains|
Microfinance - lending small amounts to poor individuals in the developing world - has been proclaimed as a worthy cause but has struggled to make an impact with big UK investors.However, despite the concept coming under attack, its proponents have not given up trying. Pension funds in the Netherlands, the US and Switzerland have committed capital to the idea, and worldwide the amount invested has grown from $705m to $4.7bn in the past five years.
Source: Financial News
|Nov. 13||India: MFIs May be Allowed to Access Public Money|
Indian microfinance institutions may soon be allowed to collect small deposits, or thrifts, from borrowers once the new national regulation on the crisis-gripped sector comes into play.
|Nov. 11||Peru: IFC Mobilizes $40 Million for Mibanco to Support Rural Populations, Women in Peru |
IFC, a member of the World Bank Group, today signed an agreement with Mibanco - Banco de la Microempresa S.A, to increase access to financial services for micro, small, and medium enterprises, low-income and rural populations, and women in Peru.
Source: Web NewsWire
|Nov. 11||Startups For Good: The New Breed Of Social Impact Incubators|
As social impact companies become more prevalent, a new group of incubators and venture capital funds - inspired by a more traditional business market - is springing up to help them grow.
|Nov. 10||137 Million of World's Poorest Received a Microloan in 2010|
More than 137.5 million of the world's poorest families received a microloan in 2010 - an all-time high, according to a report released today by the Microcredit Summit Campaign.
|Nov. 09||Colombia is Expanding Financial Inclusion|
Through its Banca de las Oportunidades program, the Colombian government has invited World Council of Credit Unions (WOCCU) to replicate its Semilla Cooperativa [cooperative seed] rural outreach model to expand financial inclusion in some of Colombia's most marginalized areas.
|Nov. 08||A First Look at How 300 MFIs Measure Up on Client Protection|
The Smart Campaign today published an unprecedented compilation of third-party assessments of client protection at microfinance institutions. “Implementing Client Protection in Microfinance: The State of the Practice, 2011,” is a first look at how the microfinance industry is doing when it comes to client protection. The short answer is: It’s doing pretty well.
Source: Center for Financial Inclusion