From microcapital.org
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The Microfinance Movement
Do you have spare money sitting around in your bank account? Then you can participate in the burgeoning field of microlending and microfinance! Any amount, be it $20 or $200 can make a huge difference in someone's life across the world... [more]
Do you have spare money sitting around in your bank account? Then you can participate in the burgeoning field of microlending and microfinance! Any amount, be it $20 or $200 can make a huge difference in someone's life across the world. Read more to learn about the easy and effective ways you can put that money to use and directly change someone's life.
Want to get started in microlending but don't know where to begin? This post is for you. I've talked about the microlending organizations Kiva and MicroPlace in my previous posts and have detailed their models and characteristics. These two organizations are currently the main players in the field of peer-to-peer microlending and have generated a lot of attention. They have also generated a degree of confusion as people wonder what the difference between them are. The Microfinance Gateway...
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A few days ago, on May 27th, my first Kiva loan to Esperanza Aguayo's group in Paraguay was fully paid back. I made the $25 loan out on March 27 and, as per the loan's 3 month repayment term, was paid back on time and in full. I was a little disappointed that I didn't receive more journal entries on the group's progress, but it was still satisfying to see my first loan come around full circle. As I had mentioned earlier, when you are repaid on Kiva, you can either withdraw the money or...
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One of the most exciting things about microlending is that it doesn't only serve and benefit people in developing nations, but also people in developed countries. It is a concept that allows for a scalable and transposable model across geographics and demographics. Prosper is a US-based microlending organization that offers a peer-to-peer lending system, and it is the first website to do so for the American consumer. www.prosper.com Prosper was founded in February, 2006, and...
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This post will detail my experience so far of participating in Kiva's microlending program. Since late February and early March, I've lent out $100 through Kiva's program. Up until this point, I have been repaid 22% of that amount. I have lent money to three entrepreneurs: Samuel Kamara in Sierra Leone, Beoun Moy in Cambodia, and Esperanza Aguayo's group in Paraguay. Esperanza Aguayo and her group of entrepreneurs have already paid back 67% of their total loan amount to their lenders...
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The first microfinance organization that I will cover is Kiva. Kiva has several characteristics that I like a lot and that make it effective and powerful. www.kiva.org Kiva is an organization that was founded in 2005 by Matt and Jessica Flannery. It is a microfinance website that allows average people like...
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The United Nations’ International Fund for Agricultural Development will provide USD $27 million in debt capital to support the expansion of microlending activity in Nigeria, with the goal of creating a sustainable rural financial system in the West African nation. Co-financed with nonprofit Ford...
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Source: CGAP.
Original event accouncement available here.
Course schedule for 2008:
Training in Dubrovnik, Croatia, September 8-12, 2008 - in English.
Who should attend the course?
The course is specifically designed for staff from public and private funding agencies and policymakers...
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From microcapital.org
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Mumbai, Maharashtra, India, Thursday, September 04, 2008 -- Increasingly, mainstream technology firms like IBM, Microsoft and Intel are looking at the microfinance customer base and seeing an opportunity for ...
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From rss.topix.net via
Topix.
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Source: MIX.
Original press release available here.
The Microfinance Information Exchange, Inc. (MIX) will participate at the Asia Microfinance Forum 2008, to be held in Hanoi, Viet Nam from August 26 – 29, 2008. The conference, co-sponsored by the Banking with the Poor Network (BWTP) and the...
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From microcapital.org
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Indian microlender Equitas Microfinance recently announced it successfully raised RUP 500 million (USD 12.5 million) in additional capital from existing investors Bellwether Microfinance Fund, Indian Financial Fund, and MVA Ventures.
Equitas plans to use the fresh capital to establish...
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From microcapital.org
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BUSINESS REPORT Standard Chartered Bank signed an agreement on August 28 last with Shakti Foundation for Disadvantaged Women , one of the top tier microfinance institutions in Bangladesh.
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Source: Grameen Capital India.
Original press release available here.
MUMBAI, August 20 - IndusInd Bank, Grameen Capital India, and SKS confirmed today
having recently completed a USD 28.9 million (Rs. 100 crore) assignment of microfinance receivables.
This transaction was structured and...
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From microcapital.org
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Sa-Dhan, India’s largest association of microfinance institutions recently announced it would host a policy forum bringing together key stakeholders of Indian microfinance to conceptualize an expansion plan for microfinance in India’s eastern provinces. The two-day policy forum, titled “Breaking...
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From microcapital.org
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Findings from a recent public health study suggest that the provision of microfinance and business training services to impoverished women were associated with a significant reduction in risk behaviors for HIV contraction. The study monitored the effects of IMAGE (Intervention with Microfinance...
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From microcapital.org
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Lok Capital, a microfinance venture capital fund focused on India, and the Dell Foundation, a charitable organization, have announced an investment in Arohan Financial Services Limited, a for-profit Indian microfinance institution (MFI). The size of the equity investment was not disclosed...
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