|Jun. 11||Kyrgyzstan: Could Microfinance Bubble Burst?|
Kyrgyzstan’s poor and largely rural population, along with its lax regulatory environment, enabled a boom in small loans in recent years. A microfinance institution (MFI) can be founded with only 100,000 Kyrgyz soms ($2,175) in capital, and staff need no expertise in microfinance, let alone banking.With so little data and a dearth of transparency, a crisis somewhat analogous to the US subprime mortgage meltdown of 2008 -- where the riskiest loans at the fringes of the market ended up sinking the entire economy -- is not difficult to picture.
Source: Eurasia Net
|Jun. 10||Frontier Investment Unveils Rs. 400cr Fund|
Frontier Investments Group, which is an investment arm of global microfinance and investment firm Accion International, is all set to launch its first fund of about Rs. 400cr ($74 million) mainly focused on emerging economies but targeting India as its priority market.
Source: NBM Media
|Jun. 07||New Research Shows $650 Billion Potential for Sustainable and Impact Investing|
Calvert Foundation launches "Gateways to Impact" report that indicates 72% of financial advisors express interest in offering impact investing opportunity to clients.
Source: PR Web
|Jun. 06||SEEP Brings out Report on Perspectives of MFA Leaders |
The Small Enterprise Education and Promotion Network (SEEP) has come out with the ‘Market Outlook 2012: Perspectives on Microfinance Association Leaders’ as a platform for microfinance association leaders to share their perceptions of the most important priorities, threats, and risks for the microfinance sector in various countries worldwide.
Source: Microfinance Focus
|Jun. 06||Mexico: IFC Launches First Financial Service for Suppliers to Shops Comercial Mexicana in Order to Broaden Financing to PYMES|
International Finance Corporation (IFC), an institution the World Bank Group that supports the private sector, launched its first financial service providers with self-service and supermarket chain Comercial Shops Mexicana (TCM). This service will allow TCM providers access to $ 100 million.
|Jun. 06||The Microinsurance Revolution|
For the poor, insurance is a safety net, and a springboard for the future. Six years ago David Patient felt his immune system slipping. He had been H.I.V.-positive for a long time, but now he made two decisions: He started on antiretroviral medicines to protect himself, and he began trying to buy life insurance to provide for his partner.
Source: The New York Times