May 22
|
Grameen Foundation, KfW and
CARE’s Access Africa Fund announced they have each purchased a 25 percent
stake in Musoni Kenya, the first microfinance institution to provide
financial services to the poor entirely via mobile phones. Based in Nairobi,
Kenya, it provides microloans largely to people who are underserved by the
formal financial sector.
Source: Microfinance Africa
|
May 22
|
Microfinance seems the
flavour of choice among financial service providers today in Sri Lanka.
Almost all financial service providers ranging from licensed commercial banks,
finance companies, Non-Government Organisations, cooperatives, money lenders,
pawn brokers, cheetu schemes (Rotating Savings and Credit Associations –
ROSCAs), registered voluntary social service organisations, registered
societies, etc. are all promoting themselves as providers of microfinance to
the poor and the marginalised.
Source: Daily FT - Be
Empowered
|
May 21
|
Development co-operation
needs to shift focus from poverty eradication to a broader, more inclusive
framework. The term "sustainable development" emerged in the 1970s
and 80s as awareness grew of the natural limits within which human
development takes place. Despite near-universal recognition that it is a
powerful unifying concept, bringing together social, economic and
environmental factors, it has spent the 20 years since the first Rio Earth
summit languishing in environment ministries.
Source: Poverty Matters
Blog, The Guardian
|
May 17
|
Bangladesh on Wednesday set
up a commission on the future of pioneering microfinance institution Grameen
Bank and 54 related businesses headed by Nobel laureate Muhammad Yunus. Yunus
was sacked as the head of Grameen Bank last year and the new commission is
likely to raise fears about further interference in his anti-poverty work,
which has earned plaudits around the world.
Source: Haveeru
|
May 17
|
Loan sharks and
micro-finance offices have mushroomed in South Africa's inner-city centres.
The lure is attractive - borrow R10,000 and create your dream life by growing
your business. But in a country where half the population lives in poverty
and much more live in debt, a greater understanding of how they use money
could lead to more appropriate financial services.
Source: allAfrica
|
May 16
|
Over the last several years,
the world has woken up to the enormous market potential of serving 2-3
billion people at the base of the economic pyramid. A growing cadre of
investors recognizes that we can create new ways to meet the needs of this
huge population in a sustainable, business-like way. A new wave of socially
responsible funds, institutional investors, microfinance investment vehicles,
banks and even conventional venture and private equity funds collectively
have raised billions to invest in social enterprises.
Source: Forbes
|
Actualités, analyses et échanges sur la Finance éthique au Maroc et dans le monde.
Pages
mercredi 23 mai 2012
Symbiotics NewsWatch #211, 22 May 2012
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