Regulation and supervision of microfinance investment vehicles: A suggested practical framework-Part I
Give the current state of microfinance investment vehicles (MIV), it is highly unlikely that they undergo any meaningful regulation or supervision. However, there is indeed a critical need to supervise these MIVs.
Islamic microfinance: An instrument for poverty alleviation
Financial Express Bangladesh
Islamic microfinance (IM) is becoming an increasingly popular mechanism for alleviating poverty in developing countries. IM adheres to the principles of Islam and is a form of socially responsibly investment.
Accion Named High-Impact Nonprofit by Philanthropedia
Accion, a pioneer and leader in global microfinance, has been named one of eleven high-impact nonprofits working in the field of international microfinance.
IFC, a member of the World Bank Group, has agreed to provide a 315 million renminbi (US$50million) loan to Fullerton Credit to expand its microfinance lending for small and medium enterprise in China’s less developed western and central provinces.
600 Branches of Microfinance companies functioning in Bihar
Microfinance institutions could contribute in a big way in rural development in Bihar if the performance of 600 branches in Bihar were any indicator, an official said today.
Bangla jibes follow US concerns over Yunus and microfinance
One World South Asia
A leading politician of Bangladesh’s ruling party reacted sharply well over a week after the Untied States voiced its concern about the Bangladeshi government’s expanding role in Grameen Bank and urged officials to ensure the microfinance institution’s independence.
Microfinance Is Down, But Not Out
A growing unrest is stirring the global microcredit market. Concerns about interest rates, lack of transparency, and loan recovery methods provide an opportunity to ask whether microfinance has lost its way.
Microloans offer a leg up locally too
Los Angeles Times
Kiva, best known for its work aboard, recently brought its Kiva City program to Los Angeles. It partners with the Valley Economic Development Center to offer loans to small businesses who have had a hard time getting credit elsewhere.
A glance at microcredit in the US
The Washington Post
Accion was among the first microlenders to serve the US. Its first loan was to Uvalda Alvarado in 1991 to change her taco truck into a Brooklyn storefront.
MasterCard to strengthen microfinance firms in sub-Saharan Africa
MasterCard Foundation and the SEEP Network have signed a four-year partnership agreement worth US$7.6million to strengthen and develop the capacity of microfinance industry in sub-Saharan Africa.
US small businesses banking on microfinancing
What started as a way to aid the self-employed in developing nations is now spreading to small businesses in the US. Many small businesses are now skipping loans from traditional banks in favor of this new path.
Denver Business Journal
Five Colorado-based Community Development Financial Institutions were awarded more than $4 million in grants Monday from the U.S. Treasury. Accion New Mexico-Arizona-Colorado was awarded $1.35 million.