mercredi 29 février 2012

Symbiotics NewsWatch #199, 28 February 2012

 Feb. 27
‘Yunus Was Right,’ SKS Microfinance Founder Says

“Professor Yunus was right,” Mr. Akula said, referring to Muhammad Yunus, the Grameen Bank founder, economist and a frequent critic of Mr. Akula and others who tried to turn microfinance into a for-profit industry. “Bringing private capital into social enterprise was much harder than I anticipated,” he said.
Source: The New York Times Blog      

Feb. 27
Kenya: Reaching the Poor, Mobile Banking and Financial Inclusion

In a recent Slate article, Jamie Zimmerman and Sascha Meinrath lament the exclusion of the poor from Kenya’s much-touted expansion of mobile money, exemplified by the growth of M-PESA. Our contention is not that M-Pesa or mobile money tools in general are hurting the poor; but that maximizing the potential positive impacts that are so frequently touted requires a harder look at the systems that create and control access to these tools.
Source: Slate           

Feb. 27
Kazakhstan: Rural Impulse Fund II, MicroVest II-A, LP and ASN-Novib Microcredit Fund take a stake in Arnur Credit

Rural Impulse Fund II, MicroVest II-A, LP and ASN-Novib Microcredit Fund (ANMF) took a stake in Kazakh microfinance institution Arnur Credit. Arnur Credit, founded in 2001, is an important player in rural microfinance in South Kazakhstan. Together the new shareholders hold 45% of the company. They will be represented in the Board of Directors of Arnur Credit.
Source: Incofin    

Feb. 27
Indian State pushes Microfinance Prosecutions after Revelations of Lender Links to Suicides

The government of India’s Andhra Pradesh state said Monday it would push prosecutors to move ahead with 76 criminal cases against employees of Indian lenders it believes were involved with driving overindebted borrowers to suicide.
Source: The Washington Post

Feb. 23
Who Makes the Rules for the Rules Makers? The Vital Role of Government to Inform Global Standard Setting on Innovative Financial Inclusion

In October of 2006 in Basel, home to the Basel Committee on Banking Supervision and several other financial sector standard-setting bodies, Johann de Waard of the Dutch Foreign Ministry (and member of CGAP’s Council of Governors) remarked with excitement to me and his Crown Princess, Her Royal Highness Princess Máxima, that we had just given him a peek at potentially one of the most fundamental developments in the global financial order since the Renaissance.
Source: CGAP

Feb. 23
The State and Future of Impact Investing

In a recent interview with Antony Bugg-Levine, CEO of Nonprofit Finance Fund, we discussed his new book about the impact investing sector, emerging trends and ideas in this space, challenges and opportunities moving forward, what the world would look like if the potential of impact investing were to be realized, and advice to traditional investors interested in becoming an impact investor.
Source: Forbes

Feb. 22
Fiji: State's Role in Developing a Financial Inclusive Eco-System

The Government of Fiji has taken an active role in developing a financially inclusive ecosystem and a key component has been the implementation of the first electronic government-to-person (G2P) payment program through the Department of Social Welfare (DSW).
Source: The Fiji Times

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