tag:old.nabble.com,2006:forum-10918
Nabble - Microfinance
2009-12-09T14:11:15Z
Microfinance is the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. In developing countries especially, microcredit enables very poor people to engage in self-employment projects that generate income.
tag:old.nabble.com,2006:post-26718146
Devfinance: [SPAM?] CGAP Newsflash: Results of 2009 SmartAid for Microfinance Index
2009-12-09T14:11:15Z
2009-12-09T14:11:15Z
" CGAP "
<html><body><pre></pre><p></p><p><font face="Arial, Helvetica" size="3">An innovative tool is helping microfinance funders improve their management systems, spurring new thinking about donor accountability – and ultimately, the effectiveness of aid delivery. Designed by CGAP, the <a href="http://www.cgap.org/p/site/c/template.rc/1.26.12316/" target="_top" rel="nofollow">SmartAid for Microfinance Index </a> assesses and rates how well equipped funders are to support microfinance. SmartAid offers an independent review of funders’ strengths and weaknesses as well as a quantitative score and recommendations.  <br /></font></p><p><font face="Arial, Helvetica" size="3">Read the latest <a href="http://www.cgap.org/p/site/c/template.rc/1.9.40934/" target="_top" rel="nofollow">CGAP Brief</a>, "Improving Effectiveness from Within: SmartAid for Microfinance Index", for more on the pioneer funders that participated in SmartAid and early results. Seven agencies have also made their <a href="http://www.cgap.org/p/site/c/template.rc/1.11.7956/1.26.3302/" target="_top" rel="nofollow">reports</a> public.<br /><br /><font size="2">CGAP</font></font></p><hr style="WIDTH: 75%; COLOR: #99ccff; HEIGHT: 1px" /><p align="center"><em><font face="Arial, Helvetica" size="1">You have been sent this email because you are on the CGAP emailing list.<br /><br />If you would like to receive CGAP Publications, please visit our Web site at <a href="http://www.cgap.org/" target="_top" rel="nofollow">www.cgap.org</a> or request them using the online <a href="http://www.cgap.org/p/site/c/template.rc/pubsRequest" target="_top" rel="nofollow">Publications Request Form</a>.<br /><br /></font></em><font face="Arial" size="1">If you prefer not to receive further emails, please email us at</font> <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26718146&i=0" target="_top" rel="nofollow">CGAP@...</a></p></body></html>
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<p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26705789
Devfinance: Myth of Single-Digit Interest Rate in Microfinance: Vijay Mahajan
2009-12-08T22:34:00Z
2009-12-08T22:34:00Z
vikash kumar-8
<html><head></head><body><div style="font-family:verdana,helvetica,sans-serif;font-size:10pt"><b>Microfinance Focus, Dec. 08, 2009/Mumbai:</b> We need to break
the middle class myth that it is possible to deliver small doses of
credit to remote locations at single-digit interest rates in
microfinance, said Vijay Mahajan, Chairman BASIX and Thought Leader, at
Srijan 2009 Microfinance Forum while delivering key note address.
<p><br></p><p>He further added that, “This is a myth propagated by politicians. We
need to accept the fact that MFIs borrow at 12%. We need at least 2%
return on assets in order to maintain capital adequacy. You don't need
to be a finance genius to see that we can't bring down rates to what
the middle class or intelligentsia regard acceptable. We have a
responsibility to educate wide set of stakeholders on the viewpoint of
bringing down the interest rate.”</p>
<p><br></p><p>Nothing that we do in microfinance will dramatically reduce
transaction costs unless we eliminate the use of cash at the beginning
and ending points. E-money will significantly reduce transaction costs,
he added.</p>
<p><br></p><p>He admitted that, a subset of profiteers in microfinance sector can
pose a full-fledged sectoral risk. Alpha [An association of NBFCs
Microfinance] will denounce those who jeopardize everyone else's good
work, he added.</p><p><br></p><p><span>Read more at : <a target="_blank" href="http://www.microfinancefocus.com/news" rel="nofollow">www.microfinancefocus.com/news</a> </span><br></p></div><br>
</body></html><p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26705744
Myth of Single-Digit Interest Rate in Microfinance: Vijay Mahajan
2009-12-08T21:55:27Z
2009-12-08T21:55:27Z
vikash kumar-3
**Microfinance Focus <<a href="http://www.microfinancefocus.com/" target="_top" rel="nofollow">http://www.microfinancefocus.com/</a>> , Dec. 08,
<br>2009/Mumbai: We need to break the middle class myth that it is possible to
<br>deliver small doses of credit to remote locations at single-digit interest
<br>rates in microfinance, said Vijay
<br>Mahajan<<a href="http://www.microfinancefocus.com/news/tag/vijay-mahajan/" target="_top" rel="nofollow">http://www.microfinancefocus.com/news/tag/vijay-mahajan/</a>>,
<br>Chairman BASIX and Thought Leader, at Srijan
<br>2009 Microfinance
<br>Forum<<a href="http://www.microfinancefocus.com/news/tag/srijan-2009-microfinance-forum/" target="_top" rel="nofollow">http://www.microfinancefocus.com/news/tag/srijan-2009-microfinance-forum/</a>>
<br>while delivering key note address.
<br><br>He further added that, “This is a myth propagated by politicians. We need to
<br>accept the fact that MFIs borrow at 12%. We need at least 2% return on
<br>assets in order to maintain capital adequacy. You don’t need to be a finance
<br>genius to see that we can’t bring down rates to what the middle class or
<br>intelligentsia regard acceptable. We have a responsibility to educate wide
<br>set of stakeholders on the viewpoint of bringing down the interest rate.”
<br><br>Read More at : <a href="http://www.microfinancefocus.com/news" target="_top" rel="nofollow">http://www.microfinancefocus.com/news</a><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26698448
On Harford column on impact, and who writes headlines
2009-12-08T10:27:09Z
2009-12-08T10:27:09Z
David Roodman (DRoodman@cgdev.org)
Here's another selection from my blog. The original post is at
<br><a href="http://blogs.cgdev.org/open_book/2009/12/making-headlines.php" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/12/making-headlines.php</a>. Comments
<br>welcome.
<br><br>--David
<br><br>
<br><br>Over the weekend the Financial Times carried a column
<br><<a href="http://blogs.ft.com/undercover/2009/12/perhaps-microfinance-isn%E2%80%9" target="_top" rel="nofollow">http://blogs.ft.com/undercover/2009/12/perhaps-microfinance-isn%E2%80%9</a><br>9t-such-a-big-deal-after-all/> by Undercover Economist
<br><<a href="http://books.google.com/books?id=6BLqprHdwygC" target="_top" rel="nofollow">http://books.google.com/books?id=6BLqprHdwygC</a>> Tim Harford on the
<br>randomized microcredit impact
<br><<a href="http://blogs.cgdev.org/open_book/2009/05/first-randomized-trial-of-micr" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/05/first-randomized-trial-of-micr</a><br>ocredit.php> studies
<br><<a href="http://blogs.cgdev.org/open_book/2009/07/the-other-shoe-drops-2nd-rando" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/07/the-other-shoe-drops-2nd-rando</a><br>mized-microcredit-study.php> .
<br><br>Longtime readers of this blog (every time I use a phrase like that I
<br>think to myself that there must be at least one of you...) will probably
<br>not learn much from the column, except about Tim's impressive ability to
<br>compress so much down to a few words and his dubious judgment, in giving
<br>me the last word. But the headline might catch your attention: "Perhaps
<br>microfinance isn't such a big deal after all."
<br><br>As with the Boston Globe
<br><<a href="http://blogs.cgdev.org/open_book/2009/09/boston-globe-on-microfinance-i" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/09/boston-globe-on-microfinance-i</a><br>mpact-studies.php> story in September ("Small change: Billions of
<br>dollars and a Nobel Prize later, it looks like 'microlending' doesn't
<br>actually do much to fight poverty"), ACCION International was swiftest
<br>to respond. (Here is ACCION's letter in the Globe
<br><<a href="http://www.boston.com/bostonglobe/editorial_opinion/letters/articles/20" target="_top" rel="nofollow">http://www.boston.com/bostonglobe/editorial_opinion/letters/articles/20</a><br>09/09/27/measuring_impact_of_microfinance/> .) Beth Rhyne, published a
<br>piece
<br><<a href="http://centerforfinancialinclusionblog.wordpress.com/2009/12/07/not-a-b" target="_top" rel="nofollow">http://centerforfinancialinclusionblog.wordpress.com/2009/12/07/not-a-b</a><br>ig-deal-microfinance-is-about-inclusion/> on the blog of ACCION's
<br>Center for Financial Inclusion, which she heads, entitled "Not a big
<br>deal? Microfinance is about inclusion." ACCION's new President and CEO
<br>Michael Schlein <<a href="http://www.accion.org/Page.aspx?pid=1814" target="_top" rel="nofollow">http://www.accion.org/Page.aspx?pid=1814</a>> posted a
<br>comment
<br><<a href="http://blogs.ft.com/undercover/2009/12/perhaps-microfinance-isn%E2%80%9" target="_top" rel="nofollow">http://blogs.ft.com/undercover/2009/12/perhaps-microfinance-isn%E2%80%9</a><br>9t-such-a-big-deal-after-all/#comment-956408> on Tim's site:
<br><br>"Tim Harford's article "Perhaps Microfinance isn't such a big deal after
<br>all" is right - and wrong.
<br><br>"He's right that microfinance has been oversold and is often described
<br>as the panacea that will bring an end to global poverty. He's right to
<br>see the backlash coming. But he's wrong to say it isn't a big deal. It
<br>is."
<br><br>To which Tim tweeted <<a href="http://twitter.com/TimHarford/status/6427023685" target="_top" rel="nofollow">http://twitter.com/TimHarford/status/6427023685</a>> :
<br><br>[Note to all microfinance enthusiasts: I DO NOT WRITE MY OWN HEADLINES]
<br><br>
<br><br>Tim Harford
<br><br>Probably Michael Schlein, Beth Rhyne, and their communications people
<br>know that. They didn't write for Tim's sake, but for all the readers
<br>they fear will get the wrong impression.
<br><br>I had cause to reflect on the
<br>newspaper-writers-don't-write-their-own-headlines problem when the New
<br>York Times published Stephanie Strom's story
<br><<a href="http://blogs.cgdev.org/open_book/2009/11/new-york-times-on-kiva-globalg" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/11/new-york-times-on-kiva-globalg</a><br>iving-etc.php> on my blog post
<br><<a href="http://blogs.cgdev.org/open_book/2009/10/kiva-is-not-quite-what-it-seem" target="_top" rel="nofollow">http://blogs.cgdev.org/open_book/2009/10/kiva-is-not-quite-what-it-seem</a><br>s.php> about Kiva. I worried that the title, "Confusion on Where Money
<br>Lent via Kiva Goes," seemed more negative than my own take on Kiva, that
<br>it made it sound like Kiva users' money was ending up in a secret bank
<br>account in the Cayman Islands.
<br><br>So to the point foreshadowed in my own headline: In the blog age, it is
<br>archaic, even foolish, to deprive journalists in what Stephanie calls
<br>the "dino media" of a say in the titles to their own pieces. Most
<br>bloggers write their own headlines, so increasingly readers will assume
<br>dino media writers exercise the same control, and so attribute headlines
<br>to authors. Since those are the most important lines in a piece, the
<br>status quo can lead to serious misunderstandings about not only the
<br>message of a piece, but the authorship of that message. You think Tim
<br>wrote that, but he didn't. Illusions of P2P, anyone? Forget global
<br>warming and global poverty. This is my cause of the day: give columnists
<br>vetoes over the headlines that crown their prose.
<br><br>As to the substance at hand, I mostly agree with the ACCION's defense of
<br>microfinance-which is if anything supported by Tim's column in his quote
<br>of me. (Disclosure: my boss Nancy Birdsall
<br><<a href="http://www.cgdev.org/content/expert/detail/483/" target="_top" rel="nofollow">http://www.cgdev.org/content/expert/detail/483/</a>> has joined the ACCION
<br>board.) Beth says it best:
<br><br>"Microfinance's purpose is not to cure the world's poverty ailments. Its
<br>purpose is to include otherwise ignored people into the financial
<br>sector. You don't need an impact evaluation to tell you what a valuable
<br>role financial services play in your own life - and it is the same for
<br>the clients of microfinance. Low income and informal individuals who
<br>would otherwise be at the doorstep of a neighborhood loan shark are
<br>instead able to find loans, savings programs, and, in some cases, other
<br>financial services to help them manage cash flow, expand their
<br>businesses, cope with emergencies, or save for the future."
<br><br>Michael Schlein's take I find less persuasive because it feels like
<br>selecting success stories while remaining silent on the inevitable
<br>failures, the poor people made worse off by unwise or ill-fated
<br>borrowing:
<br><br>"We know microfinance works because we've seen it in action, first-hand.
<br>We track individuals and families over a period of years, recording and
<br>bearing witness to the improved quality of their lives. We see it
<br>empower women, giving them access to the material, human and social
<br>resources necessary to make strategic choices in their lives; to
<br>establish or strengthen financial independence; to transform power
<br>relationships; to improve the stability and prospects of their family by
<br>directing more income toward education; and, particularly, to engender
<br>dignity and pride."
<br><br>It looks to me like ACCION, more than other microfinance groups, is now
<br>primed for the fight over perceptions and expectations opened up by the
<br>randomized trials. Historically, ACCION was the strongest champion of
<br>the institutional conception of success in microfinance, the view that
<br>the goal should be the creation of dynamic, self-sufficient financial
<br>institutions. That view never sold as well as the image of microfinance
<br>as a proven tool to reduce poverty, as empowerer of women. After cashing
<br>in on the Compartamos IPO, which gave it both cash and a public
<br>relations problem, ACCION attempted to outdo other groups at their own
<br>game with such initiatives as lendtoendpoverty.org
<br><<a href="http://www.lendtoendpoverty.org" target="_top" rel="nofollow">http://www.lendtoendpoverty.org</a>> . Perhaps the new studies will send
<br>ACCION back to its roots, and bring along more of the microfinance
<br>movement this time.
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26696306
BIM - Femmes et Microfinance : Espoirs et désillusions de l'expérience indienne
2009-12-08T08:02:30Z
2009-12-08T08:02:30Z
polemicrofin
Bonjour à tous,
<br><br>Le BIM d?aujourd?hui vous est proposé par Isabelle Guerin. Il reprend
<br>l?introduction du livre qu?elle vient de publier aux éditions de l?AUF
<br>(Agence universitaire de la francophonie
<br><a href="http://www.auf.org/communication-information/publications/" target="_top" rel="nofollow">http://www.auf.org/communication-information/publications/</a>).
<br>L?objectif de son livre est de faire le point sur ce qu?on sait
<br>aujourd?hui des effets de la microfinance sur la pauvreté féminine et
<br>sur les inégalités entre hommes et femmes. Entre discours et réalité,
<br>en s?appuyant sur l?expérience indienne, elle analyse les impacts très
<br>concrets, au plus près du terrain, de l?extraordinaire développement
<br>de la microfinance ces dix dernières années sur la vie des femmes.
<br><br>Bonne lecture
<br><br>L?équipe Espace finance
<br><br><br>Femmes et Microfinance : Espoirs et désillusions de l?expérience indienne
<br>Guérin Isabelle, Palier Jane, Prevost Benoit
<br><br>Dans l?histoire du crédit institutionnel aux pauvres, s?adresser aux
<br>femmes est plutôt inédit. En Europe et en Amérique du Nord, les
<br>premières initiatives coopératives et mutualistes ne s?intéressaient
<br>guère aux femmes. Malgré les efforts dispersés et isolés de quelques
<br>expériences (en particulier les Casse Rurali italiennes) la part des
<br>femmes dans les mouvements coopératifs et mutualistes atteignait
<br>rarement la barre des 10% (Lemire et al. 2001). Les femmes mariées
<br>n?ayant alors, et quels que soient les pays, aucun droit sur leur
<br>patrimoine, la question ne se posait tout simplement pas (Fontaine,
<br>2001). Avec un quart de clientes, essentiellement veuves et
<br>célibataires, les fonds communautaires irlandais font figure
<br>d?exception. Ce sont probablement les très faibles montants de prêts
<br>qui en sont à l?origine (Hollis, 2001). Le même constat vaut pour les
<br>premières expériences de crédit aux pauvres dans les pays du Sud,
<br>qu?il s?agisse des banques de développement ou du mouvement coopératif
<br>(Fournier et Ouedraogo 1996).
<br><br>Cibler une clientèle en partie, voire en majorité, féminine représente
<br>donc une spécificité majeure de la microfinance contemporaine : selon
<br>les organisations, leur proportion varie entre 40 et 80% (Microbanking
<br>bulletin, 2006)
<br><br>Prendre acte, enfin, de l?exclusion bancaire féminine est fort
<br>louable. Ce choix se justifie autant pour des raisons d?équité que
<br>d?efficacité, nous aurons l?occasion d?y revenir. Toutefois, une telle
<br>focalisation (qui tourne parfois à l?obsession) sur la clientèle
<br>féminine soulève plusieurs questions. Tout d?abord, de quelle
<br>clientèle féminine s?agit-il ? Quoi de commun entre une petite
<br>paysanne dont l?unique activité rémunérée consiste à vendre quelques
<br>fagots de bois mort et une femme d?affaires du centre-ville de Mumbai
<br>qui possède un centre de remise en forme, gère plusieurs tontines de
<br>grandes commerçantes tout en s?impliquant activement dans une ONG de
<br>lutte contre la violence domestique ? Certes, ces quelques exemples
<br>sont provocateurs : le commerce international continue d?être le
<br>privilège de quelques-unes et pour la plupart, l?horizon des affaires
<br>reste très modeste. Toujours est-il que la catégorie « femme » est
<br>très disparate. Se vanter d?attirer une clientèle en majorité féminine
<br>(critère auquel bon nombre de dispositifs de microfinance se limitent
<br>pour justifier d?une action « sociale ») ne saurait suffire à
<br>démontrer un quelconque effet en termes de lutte contre la pauvreté ou
<br>les inégalités. Vient ensuite l?épineuse question de l?impact, encore
<br>trop souvent négligée alors qu?elle est finalement décisive. À quoi
<br>sert-il d'encourager la mise en place de dispositifs et de s'évertuer
<br>à rendre pérennes ceux qui existent (c?est ce point qui cristallise
<br>toutes les énergies) si l'on ne sait même pas quelle en est la portée
<br>pour les bénéficiaires ? Les effets observés incitent à la prudence :
<br>la microfinance peut tout autant affranchir les femmes de certains
<br>liens de dépendance qu?en forger de nouveaux, renforçant ainsi les
<br>inégalités entre hommes et femmes, mais aussi entre femmes elles-mêmes.
<br>En se basant principalement sur l?Inde et les travaux qui y sont menés
<br>dans le cadre d?un programme de recherche de l?Institut de Recherche
<br>pour le Développement implanté à l?Institut Français de Pondichéry,
<br>cet ouvrage propose de se pencher sur la question suivante : que
<br>sait-on aujourd?hui des effets de la microfinance sur la pauvreté
<br>féminine et sur les inégalités entre hommes et femmes ?
<br><br>Le premier chapitre porte sur les discours actuels relatifs aux liens
<br>entre femmes et microfinance, où le concept d?empowerment occupe une
<br>place centrale. La microfinance n?est pas seulement un « outil » :
<br>elle véhicule des systèmes de représentations qui sont variables et
<br>dépendent étroitement de l?idéologie de ses promoteurs. Un détour par
<br>une présentation des discours est donc incontournable, avec un intérêt
<br>particulier sur celui de la Banque Mondiale, dont on sait à quel point
<br>il peut influencer les modalités de l?aide internationale. Nous
<br>verrons que c?est une conception individualiste et instrumentale de
<br>l?empowerment qui prévaut et, surtout, que cette conception laisse de
<br>côté les questions les plus épineuses en matière de redistribution des
<br>ressources et des pouvoirs.
<br><br>L?objet du deuxième chapitre, centré sur l?exemple indien, consiste à
<br>faire le point sur ce que les études d?impact disponibles peuvent nous
<br>apprendre. En dépit de la diversité des résultats, qui tient autant à
<br>la diversité des contextes, des dispositifs que des méthodologies
<br>employées, quelques conclusions communes émergent. Confirmant des
<br>travaux menés dans d?autres pays (Baumann et Servet, 2007 ; Servet,
<br>2006), les effets se mesurent au mieux en termes d?une meilleure
<br>gestion de la trésorerie familiale, et dans certains cas en matière,
<br>d?augmentation du patrimoine et de la consommation, en particulier
<br>santé et éducation. On observe également des risques en matière de
<br>surendettement, de conflits domestiques et d?alourdissement des
<br>obligations féminines. Enfin aucune n?étude n?est vraiment concluante
<br>quant à un impact réel en matière d?évolution des rapports de pouvoir
<br>entre sexes.
<br><br>Pourquoi la révolution annoncée n?a-t-elle pas eu lieu ? Le troisième
<br>chapitre propose plusieurs explications, en distinguant les limites
<br>propres à l?outil microfinance et celles liées à l?environnement.
<br>Concernant l?outil, face à la diversité des besoins et des profils
<br>d?emprunteuses, l?offre est de toute évidence encore inadaptée, tant
<br>en matière d?épargne que de prêt. Concernant l?environnement, les
<br>multiples défis auxquels l?entrepreneuriat féminin est confronté
<br>constituent des obstacles qui appellent à un renforcement de
<br>l?approche genrée.
<br><br>C?est à la défense de cette approche que sera consacré le quatrième
<br>chapitre. Marché et monnaie ont un sexe : la microfinance, aussi
<br>efficace soit-elle, ne peut être effective en matière de lutte contre
<br>les inégalités que si elle parvient à influer sur l?ensemble de normes
<br>genrées profondément ancrées dans les croyances et les pratiques.
<br><br> Faut-il pour autant abandonner tout espoir et condamner la
<br>microfinance, au prétexte qu?elle n?aurait qu?un impact limité ?
<br>Certainement pas, mais il devient simplement urgent de prendre
<br>conscience des limites de l?outil et de ne pas en surestimer les
<br>potentialités. Le cinquième chapitre de l?ouvrage plaide ainsi pour
<br>une vision raisonnée de la microfinance ainsi que pour une approche en
<br>termes d?économie solidaire.
<br><br>2009 Guérin I. Palier J. Prevost B. Femmes et microfinance. Espoirs et
<br>désillusions de l?expérience indienne, Paris, AUF Editions, 102 p.
<br><br><br>--------------------------------------------------------------------------------------
<br>Pour s'inscrire (ou se désinscrire) à EspaceFinance et recevoir les
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<br><br>Pour diffuser un message à la liste, envoyez-le à
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<br><br>Les BIM sont produits depuis 1999 par les équipes microfinance du Gret
<br>et du Cirad à titre volontaire. Vous pouvez accéder au site Pôle
<br>Microfinancement à l?adresse
<br><a href="http://microfinancement.cirad.fr/present.html" target="_top" rel="nofollow">http://microfinancement.cirad.fr/present.html</a><br>Si vous souhaitez proposer un BIM, contactez <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26696306&i=2" target="_top" rel="nofollow">mboke@...</a>.
<br>----------------------------------------------------------------------------------------
<br><br><br><p>From forum: <a href="http://old.nabble.com/EspaceFinance-f10920.html" embed="fixTarget[10920]" target="_top" >EspaceFinance</a></p>
tag:old.nabble.com,2006:post-26682031
Journal of Sustainable Development - December 2009
2009-12-07T10:39:17Z
2009-12-07T10:39:17Z
Luis Gutierrez-5
For your consideration:
<br><br> The PelicanWeb Journal of Sustainable Development ~ December 2009
<br> <a href="http://www.pelicanweb.org/solisustv05n12page1.html" target="_top" rel="nofollow">http://www.pelicanweb.org/solisustv05n12page1.html</a><br><br> Section 1. Education for Sustainable Development (ESD)
<br> Section 2. Integral Human Development (IHD)
<br> Section 3. ESD/IHD and Gender Balance
<br> Section 4. ESD/IHD and the Rich/Poor Gap
<br> Section 5. ESD/IHD and the MDGs
<br> Section 6. ESD/IHD and Political Will
<br> Section 7. ESD/IHD and Democratic Governance
<br> Section 8. ESD/IHD and Technological Innovation
<br> Section 9. Suggestions for Prayer, Study, and Action
<br><br>Sincerely,
<br>Luis
<br><br>Luis T. Gutierrez, PhD
<br>Editor, PelicanWeb Journal of Sustainable Development
<br><a href="http://pelicanweb.org" target="_top" rel="nofollow">http://pelicanweb.org</a><br>A monthly, free subscription, open access e-journal.
<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26696715
Devfinance: Branchless Banking
2009-12-07T10:11:50Z
2009-12-07T10:11:50Z
Dale Adams
<div>I enjoyed reading a recent CGAP publication: "Scenarios for Branchless Banking in 2020," Focus Note 57, October 2009.</div>
<div> </div>
<div>The first part of the note provides some updated information on the spread of branchless banking. The last part involves four hypothetical cases that model what might happen in the future. One of the main conclusions of the study is that the spread of branchless banking is all but certain in most markets.</div>
<div> </div>
<div>As any good publication should do, I was left with a number of unanswered questions after my reading.</div>
<div> </div>
<div>Given the main conclusion of the Note, I wondered what the microfinance industry will look like in 2020? I also wondered why Brazil, Kenya, South Africa, and the Philippines have been the pioneers in branchless banking, while other countries such as Bangladesh, Bolivia, and India have been laggards? If the Brazilian bank-agent system were superimposed on Bangladesh, would there still be thousands of ngos giving loans in the country ten years from now? Will donors sustain their enthusiasm for funding microlending through ngos if branchless banking evolves into providing similar services, possibly more cheaply? Can the run-of-the mill ngo compete with branchless banking? Will there still be market niches for some ngos after branchless banking blankets a country? Will branchless banking finally provide the competition necessary to drive down the interest rates charges on microloans?</div>
<div> </div>
<div>I recently read an article in a local paper about an entrepreneur who sold his high tech company and decided to move to Kenya to set up a small ngo to provide microloans to women. Is this the future of the microfinance industry: continuing to establish dozens and dozens of small ngos that draw on altruistic funds? Or, will branchless banking, that provides a broader range of services, gradually replace these small lenders?</div>
<div> </div>
<div>Will someone tap on my headstone in 2020 and tell me what happened?............................lizzy borden</div>
<div> </div>
<div> </div>
<p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26677691
BIM : Actualités du mois de novembre 2009
2009-12-07T05:48:30Z
2009-12-07T05:48:30Z
EspaceFinance mailing list
Bonjour,
<br><br>Le Bim d'aujourd'hui vous propose, en partenariat avec le Portail
<br>francophone de la microfinance :
<br>www.lamicrofinance.org, une sélection d'actualités et d'articles
<br>de presse parus au mois de novembre 2009.
<br><br>Bonne lecture !
<br><br>L'équipe d'Espacefinance
<br><br><br><br>****************************
<br><br><br><br><br>Actualités
<br><br><br><br><br>Le défi des <<a href="http://www.lamicrofinance.org/content/article/detail/25274" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25274</a>>
<br>performances sociales pour la Confédération des Institutions Financières
<br>d'Afrique de l'Ouest (30 nov. 2009)
<br><br>Rapport consolidé des performances sociales de la CIF et de ses membres
<br><br><br><br>Micro-assurance <<a href="http://www.lamicrofinance.org/content/article/detail/25272" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25272</a>>
<br>pour les femmes : Une approche par le genre des programmes de
<br>micro-assurance (26 nov. 2009)
<br><br>Menée sous la conduite de Women's World Banking <<a href="http://www.swwb.org/" target="_top" rel="nofollow">http://www.swwb.org/</a>> et
<br>de Zurich <<a href="http://www.zurich.com/main/home/welcome.htm" target="_top" rel="nofollow">http://www.zurich.com/main/home/welcome.htm</a>> Insurance Company,
<br>cette étude vise à susciter la discussion sur une approche de la
<br>micro-assurance par le genre.
<br><br><br><br>Microfinance <<a href="http://www.lamicrofinance.org/content/article/detail/25256" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25256</a>> :
<br>lintervention des banques françaises à létranger (23 nov. 2009)
<br><br>Stratégies, outils d'intervention et projections des banques françaises
<br><br><br><br>Appel à <<a href="http://www.lamicrofinance.org/content/article/detail/25237" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25237</a>>
<br>communications pour le 5ème Colloque BCEAO Universités et Centres de
<br>recherche (19 nov. 2009)
<br><br>Les 24 et 25 Mai 2010, la Banque Centrale des Etats de l'Afrique de l'Ouest
<br>(BCEAO <<a href="http://www.bceao.int" target="_top" rel="nofollow">http://www.bceao.int</a>> ) et l'Université Cheikh Anta DIOP de Dakar
<br>(UCAD <<a href="http://www.ucad.sn" target="_top" rel="nofollow">http://www.ucad.sn</a>> ) co-organisent le cinquième Colloque BCEAO
<br>Universités et Centres de recherche portant sur le thème : « Quel secteur
<br>bancaire pour le financement des économies de l'UEMOA ? ».
<br><br><br><br>Le nouveau DT <<a href="http://www.lamicrofinance.org/content/article/detail/25170" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25170</a>>
<br>Réglementation est en ligne ! (17 nov. 2009)
<br><br>Ce nouveau dossier reprend de larges extraits du
<br><<a href="http://www.afd.fr/jahia/webdav/site/afd/users/admirecherche/public/Notes&Do" target="_top" rel="nofollow">http://www.afd.fr/jahia/webdav/site/afd/users/admirecherche/public/Notes&Do</a><br>c/N45_MICROFINANCE_FR_web.pdf> Précis de réglementation de la microfinance
<br>(Lhériau, AFD, 2009), et a comme objectif : mieux comprendre les enjeux et
<br>les différents types de cadres réglementaires.
<br><br><br><br>Compte-rendu <<a href="http://www.lamicrofinance.org/content/article/detail/25161" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25161</a>>
<br>du troisième séminaire international de Proxfin sur le thème de la crise
<br>financière (13 nov. 2009)
<br><br>Les 2 et 3 novembre derniers avait lieu à Vilnius, en Lituanie, le troisième
<br>séminaire international du réseau Proxfin. L'événement avait pour thème «
<br>Limpact de la crise financière : constats, défis et perspectives ».
<br><br><br><br>DID est <<a href="http://www.lamicrofinance.org/content/article/detail/25159" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25159</a>> invité
<br>à appuyer le développement du secteur de la Microfinance en Afrique de
<br>l'Ouest (12 nov. 2009)
<br><br>DID vient de se voir confier deux nouveaux mandats pour l'appui de la
<br>microfinance en Afrique de l'Ouest.
<br><br><br><br>Les états <<a href="http://www.lamicrofinance.org/content/article/detail/25146" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25146</a>>
<br>généraux de la micro-assurance (11 nov. 2009)
<br><br>La Fanaf <<a href="http://www.fanaf.com" target="_top" rel="nofollow">http://www.fanaf.com</a>> , avec lappui de lOIT
<br><<a href="http://www.ilo.org/public/french/index.htm" target="_top" rel="nofollow">http://www.ilo.org/public/french/index.htm</a>> a tenu ses états généraux sur
<br>la micro-assurance à Abidjan les 22 et 23 octobre 2009. Réflexions,
<br>résolutions et recommandations afin de mettre à la disposition des
<br>populations à faibles revenus des couvertures de santé.
<br><br><br><br>Microfinance <<a href="http://www.lamicrofinance.org/content/article/detail/25119" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25119</a>>
<br>et politique publique (10 nov 2009)
<br><br>Un ouvrage de Bernd Balkenhol, responsable du département Finance solidaire
<br>du Bureau International du Travail, présente un cadre conceptuel pour
<br>apprécier la performance des institutions de microfinance.
<br><br><br><br>Financement <<a href="http://www.lamicrofinance.org/content/article/detail/25120" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25120</a>>
<br>des IMF : 14,8 milliards de dollars en 2008 (06 nov 2009)
<br><br>Le CGAP vient de publier les résultats dune enquête sur le financement des
<br>IMF. Le renforcement des capacités a mobilisé 9 % de ce montant.
<br><br><br><br>Mix Market : <<a href="http://www.lamicrofinance.org/content/article/detail/25073" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25073</a>>
<br>Détails des produits, segmentation et plus ! (04 nov. 2009)
<br><br>De nouvelles fonctionnalités sont disponibles !
<br><br><br><br>Lancement de <<a href="http://www.lamicrofinance.org/content/article/detail/25095" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25095</a>>
<br>l'inventaire 2009 des mutuelles de santé en Afrique de l'Ouest et du Centre
<br>pour la Concertation (02 nov. 2009)
<br><br>L'inventaire porte sur l'exercice 2008 et permettra de dresser une nouvelle
<br>photographie du développement des mutuelles dans la sous région.
<br><br><br><br><br>Vu dans la presse
<br><br><br><br><br>RDC : La <<a href="http://www.lamicrofinance.org/content/article/detail/25263" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25263</a>>
<br>microfinance, un secteur en pleine structuration (30 nov. 2009)
<br><br>Etat de lieu du secteur par le directeur du projet du Fonds de Promotion
<br>Microfinance, John Berry.
<br><br><br><br>Quatre forces <<a href="http://www.lamicrofinance.org/content/article/detail/25238" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25238</a>>
<br>détermineront l'avenir des services bancaires mobiles (27 nov. 2009)
<br><br>Les changements démographiques, l'importance de la sécurité, le choix des
<br>gouvernements et la navigation Internet par téléphone mobile.
<br><br><br><br>Revue de <<a href="http://www.lamicrofinance.org/content/article/detail/25298" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25298</a>>
<br>presse : cinquième Semaine européenne de la microfinance (26 nov. 2009)
<br><br>La microfinance dans une nouvelle ère financière.
<br><br><br><br>Transfert <<a href="http://www.lamicrofinance.org/content/article/detail/25266" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25266</a>>
<br>dargent : les coûts les plus élevés en Afrique (26 nov. 2009)
<br><br>Les coûts de commissions sur les transferts dargent atteignent jusquà 25 %
<br>du montant transféré en Afrique.
<br><br><br><br>La GSMA <<a href="http://www.lamicrofinance.org/content/article/detail/25254" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25254</a>>
<br>annonce les six nouveaux bénéficiaires des subventions du fonds MMU (25 nov.
<br>2009)
<br><br>Accélérer l'acceptation et l'adoption des services d'argent mobile.
<br><br><br><br>Microfinance <<a href="http://www.lamicrofinance.org/content/article/detail/25228" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25228</a>> =
<br>micro-opportunités ? (Luxembourg) (19 nov. 2009)
<br><br>La place financière luxembourgeoise senthousiasme pour ce secteur en plein
<br>devenir.
<br><br><br><br>Une <<a href="http://www.lamicrofinance.org/content/article/detail/25219" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25219</a>>
<br>principauté dans le monde - Les fondamentaux d'une politique de coopération
<br>(17 nov. 2009)
<br><br>La principauté de Monaco apporte un appui technique aux IMF à fort impact
<br>social
<br><br><br><br>Echos de la <<a href="http://www.lamicrofinance.org/content/article/detail/25149" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25149</a>> 5è
<br>conférence internationale sur la micro-assurance (10 nov. 2009)
<br><br>Etat des lieux de la micro-assurance en Afrique.
<br><br><br><br>Communiqué de <<a href="http://www.lamicrofinance.org/content/article/detail/25096" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25096</a>>
<br>presse sur la deuxième foire pour les investisseurs de microfinance par AMT
<br>(04 nov. 2009)
<br><br>Les 21 et 22 octobre 2009, African Microfinance Transparency (AMT) a
<br>organisé sa seconde édition de la foire aux investisseurs.
<br><br><br><br>Promotion de <<a href="http://www.lamicrofinance.org/content/article/detail/25106" target="_top" rel="nofollow">http://www.lamicrofinance.org/content/article/detail/25106</a>>
<br>Secteurs Financiers inclusifs dans la zone UEMOA (02 nov. 2009)
<br><br>Dans le cadre du projet AFR/017, un atelier de restitution des résultats
<br>intermédiaires de trois études menées dans les pays de lUEMOA a été
<br>organisé les 26 et 27 octobre 2009 à lhôtel Mercure Silmandé de
<br>Ouagadougou.
<br><br><br><br>----------------------------------------------------------------------------
<br>----------
<br><br>Pour s'inscrire (ou se désinscrire) à EspaceFinance et recevoir les BIM,
<br>envoyez un message à <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26677691&i=0" target="_top" rel="nofollow">espacefinance_request@...</a> avec dans le corps du
<br>message uniquement le mot SUBSCRIBE (ou UNSUBSCRIBE). Ne pas spécifier
<br>l'objet du message.
<br><br>Pour diffuser un message à la liste, envoyez-le à <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26677691&i=1" target="_top" rel="nofollow">espacefinance@...</a>
<br>(vous devez être inscrit).
<br><br>Les BIM sont produits depuis 1999 par les équipes microfinance du Gret et du
<br>Cirad à titre volontaire. Vous pouvez accéder au site Pôle Microfinancement
<br>à ladresse <a href="http://microfinancement.cirad.fr/present.html" target="_top" rel="nofollow">http://microfinancement.cirad.fr/present.html</a><br><br>Si vous souhaitez proposer un BIM, contactez <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26677691&i=2" target="_top" rel="nofollow">mboke@...</a>.
<br><br>----------------------------------------------------------------------------
<br>------------
<br><br><br><p>From forum: <a href="http://old.nabble.com/EspaceFinance-f10920.html" embed="fixTarget[10920]" target="_top" >EspaceFinance</a></p>
tag:old.nabble.com,2006:post-26680537
Success? First! What is the Purpose?
2009-12-07T05:16:07Z
2009-12-07T05:16:07Z
Jerome Peloquin
Before we can define success, we need to know what success looks like. Do we? Is it the millennia goals? What about sustainable success? What about moving the poor out of poverty for one year and then they fall back ... do we measure success one family at a time, once business at a time, one community at a time?
<br><br>Is success the financial success of the micro bank? The success of the Intermediary, or Institutional lender? What is the purpose of Microfinance and how well are we serving that purpose?
<br><br>At the fifteenth annual Miciro Credit Summit in Nairobi, Kenya ... BRAC, Jamii Bora, and The Grameen Bank will show us what Microfinance needs to see, ...what it needs to be ... and how it should get there from here.
<br><br><br>Jerry
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26675937
IDLO video dialogue on NGO/MFI transformations
2009-12-07T03:29:25Z
2009-12-07T03:29:25Z
Jami Hubbard
Greetings from Rome!
<br><br>
<br><br>The International Development Law Organization is hosting an upcoming
<br>video dialogue on the impact of NGO/MFI transformations on the client.
<br><br>
<br><br>The dialogue will be held on December 16th.
<br><br>
<br><br>We would really appreciate hearing your experiences/knowledge on this
<br>issue, and invite those of you located in Rome to attend the 3 hour
<br>dialogue either here in our offices at Viale Vaticano, 106 (Metro
<br>A-Ottaviano), or at one of the 3 other locations (addresses attached).
<br><br>
<br><br>Thanks in advance and hope to see you here or via video.
<br><br>
<br><br>Kind regards,
<br><br>
<br><br>Jami Hubbard
<br><br>Manager, Microfinance Unit
<br><br>Legal Counsel
<br><br>
<br><br>International Development Law Organization
<br><br>www.idlo.int/microfinance
<br><br>
<br><br><br><br>This message and/or attachments are intended solely for the use of the recipient(s) named above and may contain privileged, confidential and/or copyright protected information. If you are not the intended recipient, please immediately notify <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26675937&i=0" target="_top" rel="nofollow">idlo@...</a> <mailto:<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26675937&i=1" target="_top" rel="nofollow">idlo@...</a>> and delete this message and its attachments. Any unauthorized use, copy, distribution or disclosure is strictly prohibited. Nothing in this message constitutes a contractual commitment on the part of IDLO, unless it is confirmed by signed hard copy. Electronic messages are susceptible to alternation and may contain viruses; IDLO is not liable in any such event.
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<br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26675024
Re: Re: Can Microfinance be Called a Commercial Success if it only Creates Social Value?
2009-12-07T01:14:53Z
2009-12-07T01:14:53Z
Ede Sunday
Nissan Frontier
<br>Sent from my BlackBerry® Smartphone, from Etisalat. Enjoy high speed internet service with Etisalat easy net, available at all our experience centres
<br><br>-----Original Message-----
<br>From: "danrozas" <<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26675024&i=0" target="_top" rel="nofollow">danrozas@...</a>>
<br>Date: Sat, 05 Dec 2009 10:22:34
<br>To: <<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26675024&i=1" target="_top" rel="nofollow">MicrofinancePractice@...</a>>
<br>Subject: [MFP] Re: Can Microfinance be Called a Commercial Success if it only Creates Social Value?
<br><br>Not tackling the question raised, but rather focusing on the small assumption embedded within it -- the need to inculcate saving habits among the poor.
<br><br>Given the data from Portfolios of the Poor (much of it drawn from India), how does one square the idea that they need to be "taught" to save with the already widespread use of savings vehicles, such as ROSCAs, moneyguards, and others available to the poor through informal markets? If the poor aren't using savings services provided by banks (or MFIs), might it be an indication not of their insufficient saving habits, but rather of the banks' inability to provide and properly market services that meet the saving needs of low income people?
<br><br>Daniel
<br><br>--- In <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26675024&i=2" target="_top" rel="nofollow">MicrofinancePractice@...</a>, "arjun_kashyap" <arjun.kashyap@...> wrote:
<div class='shrinkable-quote'><br>>
<br>>
<br>> How can an industry, which owes its existence to the core goal of
<br>> poverty alleviation, put business interests ahead of its social
<br>> objective? And in doing so, what benchmark of success will the industry
<br>> be measured against?
<br>>
<br>> The Reserve Bank of India's (RBI) deputy governor, Dr.
<br>> K.C.Chakrabarty, stated recently that getting the poor to open a
<br>> no-frills bank account does not by itself lead to financial inclusion.
<br>>
<br>> Providing basic education and financial literacy should also be added to
<br>> the mix so that the service actually translates into a benefit for the
<br>> people the banks mean to serve, Chakrabarty said, urging banks to set up
<br>> literacy centers and inculcate a saving habit among the poor.
<br>>
<br>> The rationale is that these centers will allow banks to interact with
<br>> their clients on a personal level, understand their needs, which would
<br>> then enable the banks to design better products and attract more
<br>> clients.
<br>>
<br>> The business argument notwithstanding, it would seem that banks are
<br>> being judged against a social benchmark and not a commercial one. But is
<br>> this fair to a commercial entity such as a bank?
<br>>
<br>> Is it really the job of banks to educate their clients? Should this not
<br>> be the responsibility of the government, or perhaps an NGO, to ensure
<br>> people get the necessary education so they're qualified to operate a
<br>> bank account and avail of its benefits? Especially because many
<br>> microfinance institutions (MFIs) transform from an NGO model to a
<br>> for-profit model, with the very purpose of raising more capital and
<br>> scaling up their reach.
<br>>
<br>> Microfinance has, over the years, proven to be an effective tool for
<br>> financial inclusion, but the industry also struggles with the question
<br>> of where to draw the line between serving the underlying social cause of
<br>> poverty alleviation and looking out for its business interests.
<br>>
<br>> Microfinance has captured the hearts and minds of people around the
<br>> world. It appeals to our rags-to-riches vision of "everyman"
<br>> bootstrapping his or her way out of poverty. It's rather fortuitous
<br>> that this formula for poverty alleviation also makes money and it's
<br>> this combination that has captivated investors everywhere.
<br>>
<br>> But would people be as interested in the sector if it wasn't
<br>> bringing about social change? And to flip the question, if recent
<br>> research reports are correct that microfinance doesn't have
<br>> the impact or social value we've thought it does then will it
<br>> lose its commercial appeal or will investors continue to funnel capital
<br>> into the space?
<br>> Arjun Kashyap
<br>> Senior Editor, Microfinance Insights
<br>>________________________________________________________________________\
<br>>_____________
<br>> Srijan 2009 (www.intellecap.com/srijan2009
<br>> <<a href="http://www.intellecap.com/srijan2009" target="_top" rel="nofollow">http://www.intellecap.com/srijan2009</a>> )
<br>>
<br>>
<br>> [Non-text portions of this message have been removed]
<br>>
</div><br><br><br><br><br>[Non-text portions of this message have been removed]
<br><br><br><br>------------------------------------
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tag:old.nabble.com,2006:post-26657114
Re: Can Microfinance be Called a Commercial Success if it only Creates Social Value?
2009-12-05T02:22:34Z
2009-12-05T02:22:34Z
Daniel Rozas
Not tackling the question raised, but rather focusing on the small assumption embedded within it -- the need to inculcate saving habits among the poor.
<br><br>Given the data from Portfolios of the Poor (much of it drawn from India), how does one square the idea that they need to be "taught" to save with the already widespread use of savings vehicles, such as ROSCAs, moneyguards, and others available to the poor through informal markets? If the poor aren't using savings services provided by banks (or MFIs), might it be an indication not of their insufficient saving habits, but rather of the banks' inability to provide and properly market services that meet the saving needs of low income people?
<br><br>Daniel
<br><br>--- In <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26657114&i=0" target="_top" rel="nofollow">MicrofinancePractice@...</a>, "arjun_kashyap" <arjun.kashyap@...> wrote:
<div class='shrinkable-quote'><br>>
<br>>
<br>> How can an industry, which owes its existence to the core goal of
<br>> poverty alleviation, put business interests ahead of its social
<br>> objective? And in doing so, what benchmark of success will the industry
<br>> be measured against?
<br>>
<br>> The Reserve Bank of India's (RBI) deputy governor, Dr.
<br>> K.C.Chakrabarty, stated recently that getting the poor to open a
<br>> no-frills bank account does not by itself lead to financial inclusion.
<br>>
<br>> Providing basic education and financial literacy should also be added to
<br>> the mix so that the service actually translates into a benefit for the
<br>> people the banks mean to serve, Chakrabarty said, urging banks to set up
<br>> literacy centers and inculcate a saving habit among the poor.
<br>>
<br>> The rationale is that these centers will allow banks to interact with
<br>> their clients on a personal level, understand their needs, which would
<br>> then enable the banks to design better products and attract more
<br>> clients.
<br>>
<br>> The business argument notwithstanding, it would seem that banks are
<br>> being judged against a social benchmark and not a commercial one. But is
<br>> this fair to a commercial entity such as a bank?
<br>>
<br>> Is it really the job of banks to educate their clients? Should this not
<br>> be the responsibility of the government, or perhaps an NGO, to ensure
<br>> people get the necessary education so they're qualified to operate a
<br>> bank account and avail of its benefits? Especially because many
<br>> microfinance institutions (MFIs) transform from an NGO model to a
<br>> for-profit model, with the very purpose of raising more capital and
<br>> scaling up their reach.
<br>>
<br>> Microfinance has, over the years, proven to be an effective tool for
<br>> financial inclusion, but the industry also struggles with the question
<br>> of where to draw the line between serving the underlying social cause of
<br>> poverty alleviation and looking out for its business interests.
<br>>
<br>> Microfinance has captured the hearts and minds of people around the
<br>> world. It appeals to our rags-to-riches vision of "everyman"
<br>> bootstrapping his or her way out of poverty. It's rather fortuitous
<br>> that this formula for poverty alleviation also makes money and it's
<br>> this combination that has captivated investors everywhere.
<br>>
<br>> But would people be as interested in the sector if it wasn't
<br>> bringing about social change? And to flip the question, if recent
<br>> research reports are correct that microfinance doesn't have
<br>> the impact or social value we've thought it does then will it
<br>> lose its commercial appeal or will investors continue to funnel capital
<br>> into the space?
<br>> Arjun Kashyap
<br>> Senior Editor, Microfinance Insights
<br>> ________________________________________________________________________\
<br>> _____________
<br>> Srijan 2009 (www.intellecap.com/srijan2009
<br>> <<a href="http://www.intellecap.com/srijan2009" target="_top" rel="nofollow">http://www.intellecap.com/srijan2009</a>> )
<br>>
<br>>
<br>> [Non-text portions of this message have been removed]
<br>>
</div><br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26639603
Final Call to Register for Srijan 2009 Microfinance Forum & Awards (Dec 8, Mumbai)
2009-12-04T01:04:36Z
2009-12-04T01:04:36Z
Aparajita Agrawal
Hello All,
<br><br>
<br><br>This is to inform you that Srijan 2009 Microfinance Forum and Awards will be
<br>held on December 8, 2009 at the Hotel Hyatt Regency in Mumbai, India. Srijan
<br>is a day-long event co-organized with Standard Chartered Bank and currently
<br>has confirmed support from NABARD, FMO Netherlands, and Aavishkaar Goodwell.
<br>Partners include barefootjobs.org, United Nations Solution Exchange and
<br>Microfinance Insights and VC Circle.
<br><br>
<br><br>Please find all details online at <a href="http://www.intellecap.com/srijan2009" target="_top" rel="nofollow">http://www.intellecap.com/srijan2009</a>.
<br>Please register online at <a href="http://srijan2009.doattend.com/" target="_top" rel="nofollow">http://srijan2009.doattend.com/</a>. The Srijan Awards
<br>have attracted nominations from Indian MFIs who compete for the Annual
<br>Srijan Awards, in 4 categories
<br><br>. Client-centric Product/Service by an MFI Award
<br><br>. Emerging MFI Award
<br><br>. MFI Transparency Award
<br><br>. Technology Innovation Award
<br><br>Srijan has already received nominations for the above awards from more than
<br>75 MFIs across India.
<br><br>
<br><br>Srijan 2009 will highlight the debate on Social vs. Commercialization
<br>aspects of microfinance through its three panel discussions:
<br><br>. Microfinance and Subprime - Is the Comparison Real?
<br><br>This debate will bring together divergent views and perspectives from the
<br>following panelist Tamal Bandyopadhyay (Deputy Managing Editor, MINT),
<br>Prashant Thakker (Global Head-Microfinance, Standard Chartered), Samit Ghosh
<br>(CEO, Ujjivan), Suresh Gurumani (CEO, SKS Microfin), Vineet Rai (moderator)
<br>and Nick O'Donohoe (Global Head of Equity Research, JP Morgan).
<br><br>
<br><br>. Is Social Impact/Value Creation Key to Microfinance's Commercial
<br>Success?
<br><br>The panelists for this debate include Philip Vassiliou (Managing Director,
<br>Legatum), Xavier Reille (Lead Microfinance Specialist, CGAP), Harinder
<br>Sawhney (JM Financial), PN Vasudevan (Chairman, Equitas), Jun Zhang
<br>(Manager-South Asia, IFC) and Wim van der Beek (Aavishkaar
<br>Goodwell-moderator).
<br><br>
<br><br>. Building an Effective Ecosystem for Financial Inclusion - Are the
<br>Enablers in Place?
<br><br>On this panel, we will bring together Henk Nijland (FMO), Ramesh Ramanathan
<br>(Janalaxmi Financial Sevices- moderator), Hanuman Tripathi (CEO, Infrasoft),
<br>Prakash Bakshi (ED, NABARD), Ulhas Deshpande (CEO, IntelleCash) and Matthew
<br>Titus (ED, Sa-Dhan)
<br><br>
<br><br>The day-long power packed event will witness the participation of around 400
<br>including MFI CEOs, investors, bankers, policy makers and many more. We
<br>invite you to register for the forum at www.intellecap.com/srijan2009.
<br>Structured to provide the best industry insights and predict future trends
<br>and policy changes, the event shall witness global experts battling out on
<br>what could be the roadmap for Indian Microfinance. We look forward to your
<br>presence at the event.
<br><br>
<br><br>Thanks!
<br><br>Aparajita
<br><br>
<br><br>
<br><br>Aparajita Agrawal, Vice President
<br><br>Intellectual Capital Advisory Services (Intellecap)
<br><br>512, Palm Spring, Link Road, Malad (West), Mumbai - 400064, INDIA
<br><br>t: +91-22-4035 9206, 4035 9222
<br><br>Visit our website: www.intellecap.com
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26631729
2008 MFI Benchmarks now available from MIX
2009-12-03T11:13:26Z
2009-12-03T11:13:26Z
mixcommunications
To download the 2008 MFI Benchmarks, click the link below:
<br><a href="http://www.themix.org/publications/2008-mfi-benchmarks" target="_top" rel="nofollow">http://www.themix.org/publications/2008-mfi-benchmarks</a><br><br>or visit www.themix.org.
<br><br>The 2008 MFI Benchmarks covers financial and performance data from 1084 MFIs (microfinance institutions) throughout Asia, Africa, the Middle East, Eastern Europe and Latin America for calendar year 2008, and is the first data set to reflect the impact of the financial crisis and the subsequent global economic slowdown on microfinance providers in the developing world.
<br><br>The benchmarks represent median values, but also several other values are available: mean, maximum, minimum, 25th percentile, 75th percentile, and standard deviations. Additionally, the benchmarks are available in multiple languages simply select your preferred language by clicking on the language drop down list on the first page (Index page) of the Excel file.
<br><br>Thank you,
<br>Elizabeth Downs
<br>Director of Communications
<br>Microfinance Information Exchange, Inc.
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26631323
Devfinance: 2008 MFI Benchmarks now available from MIX
2009-12-03T11:02:13Z
2009-12-03T11:02:13Z
mixcommunications
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<div class=Section1>
<p class=MsoNormal><b>2008 MFI Benchmarks show the impact of global economic
slowdown<o:p></o:p></b></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>To download, click the link here <b><i><u><a href="http://www.themix.org/publications/2008-mfi-benchmarks" target="_top" rel="nofollow">2008 MFI
Benchmarks</a></u></i></b> or visit <b><a href="http://www.themix.org" target="_top" rel="nofollow">www.themix.org</a>
</b>. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>The 2008 MFI Benchmarks covers financial and performance
data from 1084 MFIs (microfinance institutions) throughout Asia, Africa, the
Middle East, Eastern Europe and Latin America for calendar year 2008, and is
the first data set to reflect the impact of the financial crisis and the
subsequent global economic slowdown on microfinance providers in the developing
world. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>“This data set documents the beginning of a
challenging time for many microfinance providers. By the end of 2008, MFI growth
rates had already begun to slow, leaving MFIs faced with higher operating
costs,” stated Blaine Stephens, COO and director of analysis at the
Microfinance Information Exchange, Inc. (MIX). “Rising costs likely
reflect two factors. Increasing portfolio arrears in a number of markets
shifts the focus of MFI staff from making productive new loans to instead
following up with current clients to encourage payment. At the same time,
slower growth leaves many MFIs with an excess in personnel, having staffed up
for continued growth.” <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>The benchmarks represent median values, but also several
other values are available: mean, maximum, minimum, 25<sup>th</sup>
percentile, 75<sup>th</sup> percentile, and standard deviations. Additionally,
the benchmarks are available in multiple languages – simply select your
preferred language by clicking on the language drop down list on the first page
(Index page) of the Excel file.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>This data set, with analysis, will be featured in the next
issue of the MicroBanking Bulletin No. 19, available at <a href="http://www.themix.org" target="_top" rel="nofollow">www.themix.org</a> December 30.<o:p></o:p></p>
<p class=MsoNormal><i><o:p> </o:p></i></p>
<p class=MsoNormal>Thank you, <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Elizabeth
Downs</span><o:p></o:p></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Director
of Communications <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Microfinance
Information Exchange (MIX)</span><o:p></o:p></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Tel:
+ 1 202 747 6228; skype: elizabeth.downs</span><o:p></o:p></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a href="blocked::http://www.themix.org/" title="blocked::http://www.themix.org/" target="_top" rel="nofollow"><span style='color:blue'>www.themix.org</span></a></span><o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
</div>
</body>
</html>
<p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26613774
Fwd: Can Microfinance be Called a Commercial Success if it only Creates Social Value?
2009-12-02T10:08:35Z
2009-12-02T10:08:35Z
Peter Burgess-2
Dear Colleagues
<br><br>Thanks to Arjun for writing this piece ... I hope it stimulates some
<br>discussion and reflection about what is going on in the global
<br>financial sector.
<br><br>Frankly, I do not particularly like the question. From my perspective
<br>every "industry" ought to have a role in the progress of society. This
<br>is a simple idea ... but not mainstream, which is rather surprising. I
<br>also have an issue with modern metrics in financial accounting,
<br>economics and social good which are difficult to interpret unless
<br>supplemented by expensive interpretation that is not universally
<br>available.
<br><br>Some comments are included in line below.
<br><br>---------- Forwarded message ----------
<br>From: arjun_kashyap <<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26613774&i=0" target="_top" rel="nofollow">arjun.kashyap@...</a>>
<br>Date: Wed, Dec 2, 2009 at 4:13 AM
<br>Subject: [MFP] Can Microfinance be Called a Commercial Success if it
<br>only Creates Social Value?
<br>To: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26613774&i=1" target="_top" rel="nofollow">MicrofinancePractice@...</a>
<br><br>>>>> How can an industry, which owes its existence to the core goal of poverty alleviation, put business interests ahead of its social objective? And in doing so, what benchmark of success will the industry be measured against?
<br><br>Poverty alleviation is a laudable goal ... and I would argue that it
<br>is a global disgrace that there is so much poverty and so little
<br>progress out of poverty. As Muhammad Yunus might say, this is not the
<br>fault of poor people but a systemic problem of society and its
<br>leadership. I would add that we are not measuring the right things ...
<br>and there is no ability to hold people and organizations accountable
<br>for their decisions.
<br><br>Microcredit ... microfinance is a powerful tool to mitigate the impact
<br>of poverty, and in some cases will prove to be a path out of poverty
<br>... but not always. The difference in outcomes is not determined by
<br>the question does microfinance work of not ... but does the community
<br>and microfinance together work in a successful way.
<br><br>The benchmark of success cannot be measured by only looking at the MFI
<br>and its clients ... there must also be data about the community as a
<br>whole. Though the microfinance initiatives may be doing all they can
<br>... success may not be possible if the community is destined for
<br>socio-economic disaster and nothing is being done about these elements
<br>of socio-economic progress (or regression).
<br><br>>>>> The Reserve Bank of India's (RBI) deputy governor, Dr. K.C.Chakrabarty, stated recently that getting the poor to open a no-frills bank account does not by itself lead to financial inclusion.
<br><br>He is absolutely right
<br><br>>>>> Providing basic education and financial literacy should also be added to the mix so that the service actually translates into a benefit for the people the banks mean to serve, Chakrabarty said, urging banks to set up literacy centers and inculcate a saving habit among the poor.
<br><br>But this is not going to be of that much value ... in my view. The
<br>process of education needs to be done with considerable understanding
<br>and empathy ... and banks are not, in my experience, very good at
<br>either. Rather I would like to see the bankers thinking through how
<br>professional education can be financed so that everyone may have
<br>access to education. Financing for education needs to be quite long
<br>term ... and be substantial ... and be available for all, no matter
<br>what the people have been in terms of socio-economic standing at
<br>birth. A new born child needs 20 years of investment before they are
<br>going to be valuable and earning and able to pay back ... but the
<br>value of an educated 20 years old is a whole lot more than the value
<br>of an uneducated 20 year old.
<br><br>The bankers ought to be thinking about how the health of a generation
<br>of children can be financed ... the value of a healthy 20 year old is
<br>way better than a sick 20 year old.
<br><br>>>>> The rationale is that these centers will allow banks to interact with their clients on a personal level, understand their needs, which would then enable the banks to design better products and attract more clients.
<br><br>These proposed centers should not be needed ... I would argue this
<br>ought to be an integral part of good banking. A generation ago ... or
<br>maybe two generations ago ... professional bankers served to help
<br>their clients. The bad news from the past was, of course, that bankers
<br>totally ignored most of the pyramid, and really served only a very
<br>small class of people.
<br><br>>>>> The business argument notwithstanding, it would seem that banks are being judged against a social benchmark and not a commercial one. But is this fair to a commercial entity such as a bank?
<br><br>The systems being used for performance metrics are inadequate ...
<br>there is money accounting which helps to understand the money
<br>sustainability and profit of the MFI ... but there is no value
<br>accounting to address the question of social impact, and the
<br>methodology being introduced to do social impact analysis is way too
<br>expensive, too slow and too inconclusive to be worth doing other than
<br>for purely academic purposes.
<br><br>The social impact measures that are used need to be easy, low cost,
<br>ubiquitous, independent, neutral, clear. The system of Community
<br>Analytics (CA) that has been developed has these characteristics.
<br><br>In my view a commercial entity such as a bank has no real right to
<br>exist unless there is both profit and social value ... a bank that
<br>makes profit while not delivering social value is nothing more than an
<br>institutionalized exploitive middleman.
<br><br>>>>> Is it really the job of banks to educate their clients?
<br><br>Banks are banks ... not educational institutions ... but having said
<br>that, most corporate organizations recognize that there is business
<br>value in having an informed customer. So banks should engage in the
<br>education needed so that their products are in demand and serve a
<br>useful purpose.
<br><br>>>>> Should this not be the responsibility of the government, or perhaps an NGO, to ensure people get the necessary education so they're qualified to operate a bank account and avail of its benefits? Especially because many microfinance institutions (MFIs) transform from an NGO model to a for-profit model, with the very purpose of raising more capital and scaling up their reach.
<br><br>Education is a responsibility of society ... a society that does not
<br>educate its children ... and reeducate its adults if need be is going
<br>to be disadvantaged. Who does this and who pays for this is a big
<br>question ... and my guess is that all of the participants in society
<br>need to have a role in the funding of education ... government ...
<br>parents ... community organizations, etc.
<br><br>The idea that a not for profit NGO structure has to convert to a
<br>for-profit model to raise capital is realistic but very sad ... and
<br>explains why Muhammad Yunus is calling for a framework where
<br>not-for-profit social business is an alternative. This works when
<br>there is a system of social metrics along the lines of Community
<br>Analytics ... but capital markets up to now have only a singular
<br>interest in the profit and financial metrics.
<br><br>I am not simply interested in the performance of MFIs ... I am more
<br>interested in the progress of society ... and society is not well
<br>served by a system that is building profit from extracting value from
<br>the Bottom of the Pyramid (BOP). A banking and finance sector that can
<br>mobilize capital for the BOP and build value at the BOP and earn fair
<br>returns from sustainable Progress out of Poverty would be great ...
<br>and this is what needs to be built.
<br><br>>>>> Microfinance has, over the years, proven to be an effective tool for financial inclusion, but the industry also struggles with the question of where to draw the line between serving the underlying social cause of poverty alleviation and looking out for its business interests.
<br><br>As already indicated ... building value at the BOP is the way to go
<br>... and metrics to show where and how to draw the line between good
<br>programs and exploitive programs. As mentioned before this cannot be
<br>done using the academic methodology that required expensive and time
<br>consuming study ... there needs to be value based management
<br>information that is clear and timely ... a characteristic of Community
<br>Analytics.
<br><br>>>>> Microfinance has captured the hearts and minds of people around the world. It appeals to our rags-to-riches vision of "everyman" bootstrapping his or her way out of poverty. It's rather fortuitous that this formula for poverty alleviation also makes money and it's this combination that has captivated investors everywhere.
<br><br>When CA type value accounting is applied microfinance has great
<br>performance ... not always, but most always ... and probably the most
<br>in the poorest of circumstances. Profit accounting tends to show
<br>performance improvement as the MFI moves further and further away from
<br>the most poor to the much less poor ... unless there is an exploitive
<br>element in play as in the great sub-prime mortgage bubble of the last
<br>few years! There is a big lesson here that should not be quickly
<br>forgotten. CA separates the two quite distinct variables ... the
<br>circumstances of the community and the operational efficiency of the
<br>MFI. These are the big variables and essential that they are taken
<br>into consideration.
<br><br>>>>> But would people be as interested in the sector if it wasn't bringing about social change? And to flip the question, if recent
<br>research reports are correct — that microfinance doesn't have the
<br>impact or social value we've thought it does – then will it
<br>lose its commercial appeal or will investors continue to funnel
<br>capital into the space?
<br><br>I think the answer to this question is that social change ... progress
<br>out of poverty ... is popular. A lot of people have contributed to
<br>this popularity ... and the Yunus / Grameen Nobel Peace Prize helped.
<br>This has been a 30 year journey and a huge amount of hard work to get
<br>by a lot of people and organizations to get to this point.
<br><br>My view of recent research reports is that they are academically
<br>correct ... statistically rigorous ... and mostly dead wrong. They are
<br>wrong because most studies use a methodology that would be thrown out
<br>by any self respecting manager and decision maker. The methodology
<br>being used in very expensive ... and the results slow ... interesting
<br>... but not much use for the decisions that should have been made two
<br>years before. Hardly any management information has the luxury of
<br>statistical rigor if it is to be useful ... rather it needs to be very
<br>sensible. I sometimes use the phrase that management information needs
<br>to show cause and effect ... not correlation.
<br><br>Multiple baseline time series are useful ... and the aim should not be
<br>to have a study that normalizes for all the variables, but rather to
<br>understand how all the multiple variables impact on the results and on
<br>performance. The measure of performance should at the end reflect some
<br>understanding of how well the intervention worked relative to how well
<br>it should have worked.
<br><br>This has been rather long ... but the subject is very important ...
<br>and I would like the work that is done in the sector to be as
<br>effective as possible in getting progress out of poverty.
<br><br>Sincerely
<br><br>Peter Burgess
<br><br>___________
<br><br>Peter Burgess
<br><br>Tr-Ac-Net Inc ... The Transparency and Accountability Network
<br><br>Community Analytics (CA)
<br>Integrated Malaria Management (IMM)
<br>Microfinance Focus Magazine in New York
<br>website: www.tr-ac-net.org
<br>tel: 917 432 1191 or 212 772 6918 or 212 744 6469
<br>email: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26613774&i=2" target="_top" rel="nofollow">peterbnyc@...</a>
<br>skype: peterburgessnyc
<br>Books: Search Peter Burgess at www.lulu.com
<br><br><br><br><br><br>--
<br>___________
<br>Peter Burgess
<br>Tr-Ac-Net Inc ... The Transparency and Accountability Network
<br>Community Analytics (CA)
<br>Integrated Malaria Management (IMM)
<br>Microfinance Focus Magazine in New York
<br>website: www.tr-ac-net.org
<br>tel: 917 432 1191 or 212 772 6918 or 212 744 6469
<br>email: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26613774&i=3" target="_top" rel="nofollow">peterbnyc@...</a>
<br>skype: peterburgessnyc
<br>Books: Search Peter Burgess at www.lulu.com
<br><br><br>------------------------------------
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tag:old.nabble.com,2006:post-26612658
Is there any legislation to regulate private money lenders
2009-12-02T09:14:27Z
2009-12-02T09:14:27Z
dhiraj sinha-3
Respected members,
<br><br>Would appreciate if you could let me know -
<br><br>1. If India has any existing legislation in the states for regulating loans
<br>from private money lenders in the country.
<br><br>2. Is there any existing policy measures for addressing the issue of
<br>indebtedness arising out of loans from private money lenders and status of
<br>its implementation.
<br><br>Warm Regards
<br>Dhiraj Sinha
<br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26612389
New Report on Climate Change and Microfinance
2009-12-02T09:01:01Z
2009-12-02T09:01:01Z
Liselle Yorke-2
Dear All:
<br><br>
<br><br>Earlier today, Grameen Foundation and Oxfam America released a white
<br>paper on climate change and microfinance written by Asif Dowla. Here is
<br>a link to the paper: <a href="http://bit.ly/GFClimateChange" target="_top" rel="nofollow">http://bit.ly/GFClimateChange</a>
<br><br>
<br><br>I look forward to your comments and feedback.
<br><br>
<br><br>Sincerely,
<br><br>Liselle
<br><br>
<br><br>
<br><br>Liselle Yorke|Senior Marketing Officer
<br><br>Grameen Foundation
<br><br>50 F Street, NW, 8th Floor|Washington, D.C. 20001
<br><br>Office: 202-628-3560, ext128|Mobile: 202-549-3400
<br><br>Skype ID: liselle_yorke
<br><br>Our Mission: To enable the poor, especially the poorest, to create a
<br>world without poverty
<br><br> <<a href="http://grameenfoundation.org/take-action/ingenuity-fund-challenge/" target="_top" rel="nofollow">http://grameenfoundation.org/take-action/ingenuity-fund-challenge/</a>>
<br>P please consider the environment before printing this e-mail
<br><br>
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26612386
Devfinance: New Report on Climate Change and Microfinance
2009-12-02T09:00:44Z
2009-12-02T09:00:44Z
Liselle Yorke-2
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<div class=Section1>
<p class=MsoNormal>Dear All:<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Earlier today, Grameen Foundation and Oxfam America released
a white paper on climate change and microfinance written by Asif Dowla. Here is
a link to the paper: <a href="http://bit.ly/GFClimateChange" target="_top" rel="nofollow">http://bit.ly/GFClimateChange</a>
<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>I look forward to your comments and feedback.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Sincerely,<o:p></o:p></p>
<p class=MsoNormal>Liselle<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='color:navy'><img border=0 width=355 height=1 id="_x0000_i1026" src="http://old.nabble.com/attachment/26612386/0/image001.jpg" alt=---></span><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";color:navy'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>Liselle Yorke|Senior Marketing Officer </span><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:navy'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>Grameen Foundation<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>50 F Street, NW, 8th Floor|Washington, D.C. 20001</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:navy'><o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>Office: 202-628-3560, ext128|Mobile: 202-549-3400<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>Skype ID: liselle_yorke</span><span style='font-size:12.0pt;
font-family:"Times New Roman","serif";color:navy'><o:p></o:p></span></p>
<p class=MsoNormal><i><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";
color:navy'>Our Mission: To enable the poor, especially the poorest, to create
a world without poverty</span></i><i><span style='font-size:10.0pt;font-family:
"Palatino Linotype","serif";color:navy'><br>
<br>
<o:p></o:p></span></i></p>
<p class=MsoNormal><a href="http://grameenfoundation.org/take-action/ingenuity-fund-challenge/" target="_top" rel="nofollow"><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:#252525;
text-decoration:none'><img border=0 width=160 height=76 id="Picture_x0020_1" src="http://old.nabble.com/attachment/26612386/1/image002.jpg" alt="http://grameenfoundation.org/sites/default/files/badges/TheIngenuityFundBadges2_blue.jpg"></span></a><i><span style='font-size:10.0pt;font-family:"Palatino Linotype","serif";color:navy'><br>
</span></i><span lang=EN-GB style='font-size:18.0pt;font-family:Webdings;
color:green'>P</span><span lang=EN-GB style='font-size:8.0pt;font-family:"Arial Narrow","sans-serif";
color:navy'> </span><span lang=EN-GB style='font-size:7.5pt;font-family:"Verdana","sans-serif";
color:green'>please consider the environment before printing this e-mail</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif";color:navy'><o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
</div>
</body>
</html>
<br /> <br /> <p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26609963
Practical ways to avoid over-indebtedness
2009-12-02T06:38:31Z
2009-12-02T06:38:31Z
Anton Simanowitz
Dear all,
<br><br>I heard an interesting presentation at the European Microfinance Platform meeting last week, showing that group lending clients are more over-indebted than individual loan clients. This relates back to my question about whether savings can be used to assess capacity to repay.
<br><br>Our problem in SEF is that business value assessed by the field agent can be manipulated, leading to loans sizes too large for clients. One response I received (below) stated that "Group lending has its own checks and balances that go beyond the credit officers assessment which should help reduce the possibility of figure manipulation". Our experience is that the group screening is often not effective in avoiding over-indebtedness - perhaps the reason for the experience highlighted at the meeting.
<br><br>Given that over-indebtedness is such an important issue in microfinance, and group screening and field agent assessment often don't work, what are the practical ways that MFIs are ensuring that their clients have the capacity to repay their loans?
<br><br>Anton
<br><br>Small Enterprise Foundation
<br>South Africa
<br>From: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26609963&i=0" target="_top" rel="nofollow">MicrofinancePractice@...</a> [mailto:<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26609963&i=1" target="_top" rel="nofollow">MicrofinancePractice@...</a>] On Behalf Of Oswell
<br>Sent: 19 October 2009 15:46
<br>To: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26609963&i=2" target="_top" rel="nofollow">MicrofinancePractice@...</a>
<br>Subject: [MFP] Re: Using savings to determine loan size
<br><br><br><br><br>I think it also depends on the methodology you are using;
<br>If it is group lending, then it will make sense to go formula based lending with minimal version of assessment. Group lending has its own checks and balances that go beyond the credit officers assessment which should help reduce the possibility of figure manipulation.
<br><br>For individual lending, I think it will be very risky to use a formula based approach. Savings should work as an indicator, and not reflection of the businesses capacity to repay a loan and are part of the overall assessment process. Once clients & staff know how to play around with the formula, then results will go the other way. For individual lending, combine both the formula approach and the assessment, using the later to determine loan size.
<br><br>Rgds
<br><br>Oswell
<br><br>--- In <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26609963&i=3" target="_top" rel="nofollow">MicrofinancePractice@...</a><mailto:MicrofinancePractice%40yahoogroups.com>, DERT consult <dertconsult@...> wrote:
<div class='shrinkable-quote'><br>>
<br>> The team has raised very interesting comments regarding this issue. But what i think is that we loan amounts should be determined using a combination of both savings and returns from the financed enterprise. Most of our Microfinance customers do not have capacity to save to be able to access loan amounts that may boost their businesses. In Uganda, we use the capacity to repay the loan but encourage them to deposit a 20% which acts as a fall back position during the Month they struggleto repay their loans.
<br>>
<br>> Tagging loan amounts to savings is going two effects on your customers;
<br>>
<br>> - Those who cant save substantially may not be able to borrow. Or they will borrow from money lenders, save in your bank to be able to access the loans. Once this is done, the loan disbursed from your MFI may not be repaid well.
<br>>
<br>> - Majority of poorer customers are going to be closed out as only those with substantial income to save will be able to borrow.
<br>>
<br>> Going forward, I think you may need to train your loan officers on how to use the information they generate from customers to make good credit decisions. Progressively with experince you will be able deal wit this challenge.
<br>>
<br>> Rgds
<br>>
<br>>
<br>> .........................................................
<br>> Nathan WERE
<br>> Graduate Student - Microfinance
<br>> University of Bergamo, Italy
<br>> Via Garibaldi 3F, Bergamo Italy
<br>> Tel.+393339731155
<br>>
<br>>
<br>> .....The key to ending extreme poverty is to enable the poorest of the poor especially women get their foot on the ladder of development. The ladder of development hovers overhead, and the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung. Join me in the struggle and together we can make a difference in the lives of the poor......
<br>>
<br>> --- On Sat, 10/17/09, N. Srinivasan <shrin54@...> wrote:
<br>>
<br>>
<br>> From: N. Srinivasan <shrin54@...>
<br>> Subject: Re: [MFP] Using savings to determine loan size
<br>> To: <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26609963&i=4" target="_top" rel="nofollow">MicrofinancePractice@...</a><mailto:MicrofinancePractice%40yahoogroups.com>
<br>> Date: Saturday, October 17, 2009, 7:47 PM
<br>>
<br>>
<br>>
<br>>
<br>>
<br>>
<br>> Dear Anton,
<br>> It seems that the context that you are operating is very difficult with both staff and clients prone to manipulating information. If this is a fundamental problem, then this requires immediate attention than just dealing with eligibility conditions for the loan.
<br>> As for the proposed idea we have to first decide the basis of making the loans. Will it be based on purpose for which loan is applied or will it be based on repayment capacity? Often it is a combination of both, where MFI wants to know especially in case of larger loans whether adequate income will be produced from the enterprise and whether the income would be available for repayment of loan. So we cannot just adopt a mutiple of savings as a determinant of loan size.
<br>> In India banks fix the loan size for Self Help Groups on the basis of member's savings in their group. The savings could have been used within the group for lending to members, but the level of members savings determined the size of loans - the loan multiple was between 2 to 10 times. After three to four cycles of such lending, banks do not look at the savings size any more. But at times this leads to elite capture of loans - those with capacity will save more and take away larger loans leaving little for other poorer clients. If the MFI has limited resources, then it has to look in to the equity issues in making loans available to all its clients.
<br>> Even with the new idea the MFI does not know whether the savings comes in just for getting a higher loan size. If you have some way of verifying whether the additional saving is infact out of income of the borrower, then only you can be sure that it reflects repayment capacity.
<br>> This may not be the magic bullet for avoiding over-indebtedness.
<br>> The best is what Dieter pointed out - look to the current and past track record of the borrower.
<br>>
<br>> Best regards
<br>> N.Srinivasan
<br>>
<br>> ____________ _________ _________ __
<br>> From: Anton Simanowitz <a.simanowitz@ ids.ac.uk>
<br>> To: Development Finance <devfinance@ag. ohio-state. edu>; "MicrofinancePractic e@yahoogroups. com" <MicrofinancePractic e@yahoogroups. com>
<br>> Cc: fonkoze <fonkoze@aol. com>; "paul.luchtenburg@ amkcambodia. com" <paul.luchtenburg@ amkcambodia. com>; gomby maramba <gombymaramba@ yahoo.com>; cvelasco <cvelasco@promujer. org>; "Cvelasco@pro- mujer.org" <Cvelasco@pro- mujer.org>; Jessie Mabry <jessiemabry@ freedomfromhunge r.org>
<br>> Sent: Sat, 17 October, 2009 6:47:13 PM
<br>> Subject: [MFP] Using savings to determine loan size
<br>>
<br>> Dear All,
<br>>
<br>> Some feedback please. At SEF in South Africa we are strengthening our social performance management systems. One area that we have identified an area for improvement is in our system for avoiding client over-indebtedness. Currently we use a business assessment and use business value to determine loan size. This is working reasonably well, but there are data quality issues - the information can be manipulated by both field staff and clients, and due to the complexity of many clients businesses it can never be more than an approximate calculation.
<br>>
<br>> We've been thinking about using savings as an alternative mechanism. Many MFIs require that clients have 10% or 20% of the loan amount held in savings. The problem with this is two fold - firstly this does not give an indication of cash flow as it just requires a one-off deposit of savings. Secondly normally the savings must be retained in the account - this defeats the whole purpose of savings which should be easily accessible in times of need. The savings are therefore just a form of collateral for the MFI (often accessible by the MFI in the case of default).
<br>>
<br>> So we have a new idea the is focused on using savings as an indicator of cash flow and I'd love to hear if anyone else has experience of a similar system. Essentially we would focus on instalment amount and link an increase in instalment to the minimum amount regularly saved during the previous loan. So for example,
<br>>
<br>> Current loan = R100 per month instalment; client makes 6 monthly savings amounts of R50 during this loan cycle - this means that they are paying R150 per month (instalment plus savings)
<br>> ==> Entitlement for the next loan is therefore R100 + R50 = R150
<br>>
<br>> (we are thinking of perhaps maintaining the current minimum savings so the calculation would be based on savings above the minimum, but not sure if this is necessary)
<br>>
<br>> This seems to us to be a very simple system that has several advantages:
<br>> - clearly links loan size to cash flow and therefore ability to repay
<br>> - cannot be manipulated by field staff as savings are part of financial reconciliation; very hard to manipulate by client as requires regular payments (ie. can't go to money lender to borrow required savings amount and then repay next week)
<br>> - would be a very effective way to mobilse client savings (an important priority for SEF)
<br>> - there is no need to ask clients to retain any savings balance ie. they are freely accessible, as we are testing cash-flow and not taking savings as collateral
<br>> - system is automatic so saves significant staff time in terms of the business evaluations that take place on every loan cycle for every client - ie. saving of up to 500 hours per year for a loan officer on maximum portfolio size; as well as branch manager time in spot-checking, corrective action etc
<br>>
<br>> I look forward to hearing your thoughts,
<br>>
<br>> Anton
<br>> View the new SPM film: <a href="http://www.youtube" target="_top" rel="nofollow">http://www.youtube</a>. com/watch? v=3SZwUcfQohg
<br>> Join the SPM network: www.spmnetwork. net<<a href="http://www.spmnetwo" target="_top" rel="nofollow">http://www.spmnetwo</a> rk.net>
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<br>>
<br>> Institute of Development Studies
<br>> at the University of Sussex, Brighton BN1 9RE
<br>> Tel: +44 (0)1273 606261; Fax: +44 (0)1273 621202
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</div><br><br><br>This message is for the addressee only and may contain privileged or confidential information. If you have received it in error, please notify the sender immediately and delete the original. Any views or opinions expressed are solely those of the author and do not necessarily represent those of IDS.
<br><br>Institute of Development Studies
<br>at the University of Sussex, Brighton BN1 9RE
<br>Tel: +44 (0)1273 606261; Fax: +44 (0)1273 621202
<br>IDS, a charitable company limited by guarantee:
<br>Registered Charity No. 306371; Registered in England 877338; VAT No. GB 350 899914
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26610170
Can Microfinance be Called a Commercial Success if it only Creates Social Value?
2009-12-02T01:13:11Z
2009-12-02T01:13:11Z
arjun_kashyap
<br>How can an industry, which owes its existence to the core goal of
<br>poverty alleviation, put business interests ahead of its social
<br>objective? And in doing so, what benchmark of success will the industry
<br>be measured against?
<br><br>The Reserve Bank of India's (RBI) deputy governor, Dr.
<br>K.C.Chakrabarty, stated recently that getting the poor to open a
<br>no-frills bank account does not by itself lead to financial inclusion.
<br><br>Providing basic education and financial literacy should also be added to
<br>the mix so that the service actually translates into a benefit for the
<br>people the banks mean to serve, Chakrabarty said, urging banks to set up
<br>literacy centers and inculcate a saving habit among the poor.
<br><br>The rationale is that these centers will allow banks to interact with
<br>their clients on a personal level, understand their needs, which would
<br>then enable the banks to design better products and attract more
<br>clients.
<br><br>The business argument notwithstanding, it would seem that banks are
<br>being judged against a social benchmark and not a commercial one. But is
<br>this fair to a commercial entity such as a bank?
<br><br>Is it really the job of banks to educate their clients? Should this not
<br>be the responsibility of the government, or perhaps an NGO, to ensure
<br>people get the necessary education so they're qualified to operate a
<br>bank account and avail of its benefits? Especially because many
<br>microfinance institutions (MFIs) transform from an NGO model to a
<br>for-profit model, with the very purpose of raising more capital and
<br>scaling up their reach.
<br><br>Microfinance has, over the years, proven to be an effective tool for
<br>financial inclusion, but the industry also struggles with the question
<br>of where to draw the line between serving the underlying social cause of
<br>poverty alleviation and looking out for its business interests.
<br><br>Microfinance has captured the hearts and minds of people around the
<br>world. It appeals to our rags-to-riches vision of "everyman"
<br>bootstrapping his or her way out of poverty. It's rather fortuitous
<br>that this formula for poverty alleviation also makes money and it's
<br>this combination that has captivated investors everywhere.
<br><br>But would people be as interested in the sector if it wasn't
<br>bringing about social change? And to flip the question, if recent
<br>research reports are correct that microfinance doesn't have
<br>the impact or social value we've thought it does then will it
<br>lose its commercial appeal or will investors continue to funnel capital
<br>into the space?
<br>Arjun Kashyap
<br>Senior Editor, Microfinance Insights
<br>________________________________________________________________________\
<br>_____________
<br>Srijan 2009 (www.intellecap.com/srijan2009
<br><<a href="http://www.intellecap.com/srijan2009" target="_top" rel="nofollow">http://www.intellecap.com/srijan2009</a>> )
<br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26610161
MF and Sub-prime: Are we headed for implosion?
2009-12-01T23:58:52Z
2009-12-01T23:58:52Z
arjun_kashyap
In case any of you missed a related post last week because of the
<br>Thanksgiving weekend, here's a condensed version of the same. Apologies
<br>for the repeat post.
<br><br>Is the microfinance sector the next subprime debacle? The industry
<br>continues to grapple with the question. When the Wall Street Journal
<br>published an article
<br><<a href="http://online.wsj.com/article/SB125012112518027581.html" target="_top" rel="nofollow">http://online.wsj.com/article/SB125012112518027581.html</a>> last
<br>September about microlending practices that favor aggressive lending at
<br>excessive interest rates, the rebuttal from the microfinance community
<br>was swift and scathing.
<br><br>Vikram Akula of SKS, chastised
<br><<a href="http://www.sksindia.com/streetjournal.htm" target="_top" rel="nofollow">http://www.sksindia.com/streetjournal.htm</a>> the newspaper for drawing
<br>sweeping generalizations, with the help of only a small-scale study and
<br>anecdotal evidence.
<br><br>Vijay Mahajan, Founder and Chairman of BASIX, pointed out
<br><<a href="http://www.microfinancegateway.org/p/site/m/template.rc/1.26.12223/" target="_top" rel="nofollow">http://www.microfinancegateway.org/p/site/m/template.rc/1.26.12223/</a>>
<br>in Microfinance Insights that aggressive lending is more an exception
<br>rather than the norm. Vineet Rai, Co-Founder of Aavishkaar and
<br>Intellecap, stated in his editorial
<br><<a href="http://www.microcapital.org/press-release-intellecap-chairman-and-aavis" target="_top" rel="nofollow">http://www.microcapital.org/press-release-intellecap-chairman-and-aavis</a>\
<br>hkaar-founder-vineet-rai-responds-to-the-wall-street-journal/> that
<br>while microfinance is an imperfect tool to deal with poverty, it is
<br>better to have it than to banish it.
<br><br>While sector proponents are reluctant to admit it, there are issues
<br>within the sector caused by aggressive growth, high interest rates,
<br>multiple borrowing and lack of oversight.
<br><br>Aren't these red flags? Do you think the overcrowding and aggressive
<br>practices of the MFI sector will lead to a mass default?
<br><br>The respondents on this list always seem to have a lot to say about
<br>topics from A-Z. I would like to hear what you think.
<br><br>Arjun Kashyap
<br>Sirjan 2009 (www.intellecap.com/srijan2009)
<br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26596800
CGAP Portfolio | Nov. '09: Informed Choices and Effective Action
2009-12-01T09:02:02Z
2009-12-01T09:02:02Z
vwardkrex
Dear Colleague,
<br>The November issue of CGAP's e-newsletter PORTFOLIO is now available on-line at: <a href="http://www.cgap.org/p/site/c/template.rc/1.11.107573/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/template.rc/1.11.107573/</a><br>PORTFOLIO provides an inside view of new trends in microfinance - and keeps you up to date on the latest from CGAP.
<br><br>**********************************************************************
<br>**********************************************************************
<br>In This Issue: Making informed choices and taking effective action
<br>> Protecting Microfinance Consumers
<br>> SmartAid for Microfinance: Innovative Index Promotes Accountability and Change
<br>> Helping MFIs Make Better Technology Choices: CGAP releases new IS software reviews
<br>> Data Download: Microfinance Funding Continues to Grow
<br>> CGAP Announcements
<br>**********************************************************************
<br>**********************************************************************
<br>Protecting Microfinance Consumers
<br>Consumer protection is on everyone's mind these days. Around the world, the financial crisis threw the issue into bold relief for financial institutions of all kinds. With client protection already on the agenda for quite some time, microfinance has been ahead of the curve. Today, more than 450 organizations - retail microfinance providers, networks, associations, support organizations, and close to 90 investors and donors - have embraced the new Smart Campaign's Client Protection Principles, and are ready to put them into practice.
<br>CGAP has just released "Implementing the Client Protection Principles: A Technical Guide for Investors" to help investors, for one, take action on their good intentions.
<br>Learn more at:
<br><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12022/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/template.rc/1.26.12022/</a><br>**********************************************************************
<br>SmartAid for Microfinance:
<br>Innovative Index Promotes Accountability and Change
<br>CGAP's SmartAid for Microfinance Index is the first index that measures and rates how funders work in microfinance. This year, eleven brave microfinance funders threw open their doors and agreed to find out if they are indeed properly equipped to provide funding and technical assistance for microfinance. The results show there is still room for improvement. While no funder was "inadequate" in its support of microfinance, none received the highest rating of "very good" either.
<br>The good news is, all participating funders are embracing change and transparency in an effort to become more effective in supporting microfinance. And that's the most important place to start.
<br>To read more, please visit:
<br><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12229/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/template.rc/1.26.12229/</a><br>**********************************************************************
<br>Helping MFIs Make Better Technology Choices:
<br>CGAP releases new IS software reviews
<br>Thinking of getting new information systems (IS) software for your microfinance institution (MFI), but don't know where to start? With more than a hundred programs to choose from, selecting a software solution can be a daunting task. But thanks to CGAP's new software reviews, it just got easier. CGAP has added 15 new product evaluations to its collection, with ten more coming down the pipe in January 2010.
<br>The IS Program, a joint initiative of CGAP and the EU/ACP Microfinance Programme, evaluates products to help MFIs make sense of the many options out there - its Software Listings profile more than 85 products available for purchase.
<br>To learn more, please visit:
<br><a href="http://www.cgap.org/p/site/c/template.rc/1.26.11696/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/template.rc/1.26.11696/</a><br>**********************************************************************
<br>Data Download: Microfinance Funding Continues to Grow
<br>24% = The amount funding for microfinance increased in 2008
<br>For more facts and figures, please visit:
<br><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12221/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/template.rc/1.26.12221/</a><br>**********************************************************************
<br>CGAP Announcements
<br>> Citi-FT Financial Education Summit 2009
<br>> Nomination of CGAP CEO Elizabeth Littlefield to become President of the Overseas Private Investment Corporation
<br>For more announcements, please visit:
<br><a href="http://www.cgap.org/p/site/c/home/" target="_top" rel="nofollow">http://www.cgap.org/p/site/c/home/</a><br>**********************************************************************
<br>About CGAP
<br>Housed at the World Bank, CGAP is a global resource center for microfinance standards, operational tools, training and advisory services. Its 33 members - including bilateral, multilateral and private donors - are committed to building more inclusive financial systems for the poor.
<br>Learn more about us at: <a href="http://www.cgap.org" target="_top" rel="nofollow">http://www.cgap.org</a><br>**********************************************************************
<br>Your Privacy
<br>Read our privacy policy at:
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<br>© 2009 CGAP: Consultative Group to Assist the Poor. All rights reserved.
<br><br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26594927
Devfinance: CGAP Portfolio | Nov. '09: Informed Choices and Effective Action
2009-12-01T08:56:46Z
2009-12-01T08:56:46Z
vwardkrex
<html><body>
<p><font size="4">Dear Colleague,</font>
<p><font size="4">The November issue of CGAP's e-newsletter PORTFOLIO is now available on-line at: </font><a href="http://www.cgap.org/p/site/c/template.rc/1.11.107573/" target="_top" rel="nofollow"><u><font size="4" color="#0000FF">http://www.cgap.org/p/site/c/template.rc/1.11.107573/</font></u></a>
<p><font size="4">PORTFOLIO provides an inside view of new trends in microfinance - and keeps you up to date on the latest from CGAP.</font>
<p><font size="4">***************************************************************************************************************<br>
***************************************************************************************************************</font>
<p><font size="4">In This Issue: Making informed choices and taking effective action</font>
<p><font size="4">> </font><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12022/" target="_blank" rel="nofollow"><u><font size="4" color="#0000FF">Protecting Microfinance Consumers</font></u></a><font size="4"> </font>
<p><font size="4">> </font><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12229/" target="_blank" rel="nofollow"><u><font size="4" color="#0000FF">SmartAid for Microfinance: Innovative Index Promotes Accountability and Change</font></u></a><font size="4"> </font>
<p><font size="4">> </font><a href="http://www.cgap.org/p/site/c/template.rc/1.26.11696/" target="_blank" rel="nofollow"><u><font size="4" color="#0000FF">Helping MFIs Make Better Technology Choices: CGAP releases new IS software reviews</font></u></a><font size="4"> </font>
<p><font size="4">> </font><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12221/" target="_blank" rel="nofollow"><u><font size="4" color="#0000FF">Data Download: Microfinance Funding Continues to Grow</font></u></a><font size="4"> </font>
<p><font size="4">> </font><a href="http://www.cgap.org/p/site/c/template.rc/1.11.960/" target="_blank" rel="nofollow"><u><font size="4" color="#0000FF">CGAP Announcements</font></u></a><font size="4"> </font>
<p><font size="4">***************************************************************************************************************<br>
***************************************************************************************************************</font>
<p><font size="4">Protecting Microfinance Consumers</font>
<p><font size="4">Consumer protection is on everyone's mind these days. Around the world, the financial crisis threw the issue into bold relief for financial institutions of all kinds. With client protection already on the agenda for quite some time, microfinance has been ahead of the curve. Today, more than 450 organizations - retail microfinance providers, networks, associations, support organizations, and close to 90 investors and donors - have embraced the new Smart Campaign's Client Protection Principles, and are ready to put them into practice.</font>
<p><font size="4">CGAP has just released "Implementing the Client Protection Principles: A Technical Guide for Investors" to help investors, for one, take action on their good intentions.</font>
<p><font size="4">Learn more at:</font><u><font size="4" color="#0000FF"><br>
</font></u><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12022/" target="_top" rel="nofollow"><u><font size="4" color="#0000FF">http://www.cgap.org/p/site/c/template.rc/1.26.12022/</font></u></a>
<p><font size="4">***************************************************************************************************************</font>
<p><font size="4">SmartAid for Microfinance:<br>
Innovative Index Promotes Accountability and Change</font>
<p><font size="4">CGAP's SmartAid for Microfinance Index is the first index that measures and rates how funders work in microfinance. This year, eleven brave microfinance funders threw open their doors and agreed to find out if they are indeed properly equipped to provide funding and technical assistance for microfinance. The results show there is still room for improvement. While no funder was "inadequate" in its support of microfinance, none received the highest rating of "very good" either.</font>
<p><font size="4">The good news is, all participating funders are embracing change and transparency in an effort to become more effective in supporting microfinance. And that's the most important place to start.</font>
<p><font size="4">To read more, please visit:</font><u><font size="4" color="#0000FF"><br>
</font></u><a href="http://www.cgap.org/p/site/c/template.rc/1.26.12229/" target="_top" rel="nofollow"><u><font size="4" color="#0000FF">http://www.cgap.org/p/site/c/template.rc/1.26.12229/</font></u></a>
<p><font size="4">***************************************************************************************************************</font>
<p><font size="4">Helping MFIs Make Better Technology Choices: <br>
CGAP releases new IS software reviews</font>
<p><font size="4">Thinking of getting new information systems (IS) software for your microfinance institution (MFI), but don't know where to start? With more than a hundred programs to choose from, selecting a software solution can be a daunting task. But thanks to CGAP's new software reviews, it just got easier. CGAP has added 15 new product evaluations to its collection, with ten more coming down the pipe in January 2010.</font>
<p><font size="4">The IS Program, a joint initiative of CGAP and the EU/ACP Microfinance Programme, evaluates products to help MFIs make sense of the many options out there - its Software Listings profile more than 85 products available for purchase.</font>
<p><font size="4">To learn more, please visit:</font><u><font size="4" color="#0000FF"><br>
</font></u><a href="http://www.cgap.org/p/site/c/template.rc/1.26.11696/" target="_top" rel="nofollow"><u><font size="4" color="#0000FF">http://www.cgap.org/p/site/c/template.rc/1.26.11696/</font></u></a>
<p><font size="4">***************************************************************************************************************</font>
<p><font size="4">Data Download: Microfinance Funding Continues to Grow</font>
<p><font size="4">24% = The amount funding for microfinance increased in 2008</font>
<p><font size="4">For more facts and figures, please visit:</font><u><font size="4" color="#0000FF"><br>
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<p><font size="4">***************************************************************************************************************</font>
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<p><font size="4">> Citi-FT Financial Education Summit 2009</font>
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Learn more about us at: </font><a href="http://www.cgap.org/" target="_top" rel="nofollow"><u><font size="4" color="#0000FF">http://www.cgap.org</font></u></a>
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<p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26585453
Devfinance: Re: Value Chains and Credit Risk in Rural Financial Institutions
2009-11-30T18:08:55Z
2009-11-30T18:08:55Z
Thomas Shaw-2
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<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Thomas K. Shaw<o:p></o:p></span></font></p>
<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Senior Technical Advisor - Microfinance</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
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<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
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<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Baltimore, MD 21201-3413 USA</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
<p class=MsoAutoSig><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Cell 1-419-704-2252</span></font><font color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2 face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> Development
Finance [mailto:<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26585453&i=3" target="_top" rel="nofollow">devfinance@...</a>] <b><span style='font-weight:bold'>On
Behalf Of </span></b>CLAUDIO GONZALEZ<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, July 11, 2007
3:54 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Development Finance<br>
<b><span style='font-weight:bold'>Subject:</span></b> Devfinance: Value Chains
and Credit Risk in Rural Financial Institutions</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>In their
analysis of credit risk in rural financial markets, Wenner et al. suggested
that value chain financing may be a promising way of indirectly expanding
access to credit for small farmers. However, Olaf Kula, who has
studied this topic for a long time, warned about the existence of a liquidity
constraint among those actors in the chain who may become potential
lenders. He offered an illustration from Mozambique, where this might
have been a problem. Wenner responded with a list of potential
innovations that may help in overcoming this constraint.<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>This
illustration presents us with one more dilemma in rural financial
deepening. Value chain actors possess information and contract
enforcement advantages, but they face liquidity constraints. These
constraints are the more severe, the more rapidly expanding the value chain
is. At this time of expansion, the whole chain should be attracting funds
from outside, not redistributing scarce funds among the participants in the
chain.<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>In
"Hortifruti in Central America: A Case Study about the Influence of
Supermarkets on the Development and Evolution of Creditworthiness among
Small and Medium Agricultural Producers", Claudio Gonzalez-Vega, Geoffrey
Chalmers, Rodolfo Quiros and Jorge Rodriguez-Meza further illustrate this
dilemma. These authors describe how the rapidly expanding supermarket
chain, Hortifruti, was not willing to make advances or offer credit to the
small producers that supply the chain with fresh fruits and vegetables.
These producers indirectly improved their access to
credit, nevertheless, through the strong signalling to potential lenders,
about their creditworthiness, associated simply with the existence of an
explicit or implicit contract with the supermarket chain.<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>The 2006
complete paper can be accessed at <o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'><a href="http://www.microlinks.org/ev02.php?ID=12564_201&ID2=DO_TOPIC" target="_top" rel="nofollow">http://www.microlinks.org/ev02.php?ID=12564_201&ID2=DO_TOPIC</a> <o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>Additional materials
can be found in Spanish, in<strong><b><font face="Times New Roman"> "</font></b></strong>Cadenas
de Valor Modernas: Hacia la Creacion y el Fortalecimiento de Sujetos de
Credito,” edited by Rodolfo Quiros (Rome and San Jose: FAO and Academia de
Centroamericana, 2007).<o:p></o:p></span></font></p>
<p><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>Claudio
Gonzalez-Vega<o:p></o:p></span></font></p>
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<p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26563207
REGISTRATION IS NOW OPEN
2009-11-29T04:47:46Z
2009-11-29T04:47:46Z
williamomaddocks-2
Sustainable Microenterprise and Development Program (SMDP)-Ghana
<br>March 1527, 2010
<br><br>In the Executive Hostel at GIMPA Greenhill, Achimota, Accra
<br><br><a href="http://www.carseyinstitute.unh.edu/smdp/Ghana-main.html" target="_top" rel="nofollow">http://www.carseyinstitute.unh.edu/smdp/Ghana-main.html</a><br><br>The SMDP Ghana is an intensive training program offering critical skills for today's microfinance and enterprise development leaders. Highlights include:
<br> Building the Practice morning reflection sessions.
<br> Field Visits to Susu Collectors, VSLA groups, Rural Banks and youth enterprise development projects
<br> Guest speakers will cover the latest on: mobile banking, micro-energy development opportunities, and more.
<br> Communities of Practice options to help you continue learning and networking after returning home.
<br>COURSES
<br>Microfinance Essential Skills Two weeks
<br>Topics covered: Introduction to MF, Fundamentals of MF and Development,
<br>MF Policy Framework, Legal and Regulatory Framework, Commercialisation: Transforming Going Up/Down Market, Social Dimensions of MF, Financial Literacy, Consumer Protection, and Agricultural MF.
<br><br>Risk Management for Microfinance Institutions One week
<br>Build a deeper understanding of risk and risk management strategies for MFIs, identify major risks and insights in threat mitigation, and learn how to develop and implement appropriate strategies, processes, and controls.|
<br><br>Youth Inclusive Financial Services Two weeks
<br>Learn how to conduct market research with youth, design financial products for youth, form partnerships to ensure youth-appropriate services, build delivery channels to reach youth, and create monitoring and evaluation systems that capture youth-relevant data. Includes a field-based research component.
<br><br>Community Managed Microfinance One week (English and French courses)
<br>Join this six-day course on the history, principles, practices, and implementation of community-managed microfinance, which includes a field visit to a Plan Ghana Village Savings and Loan group. (Un cours en microfinance communautaire sera offerts en Français).
<br><br>REGISTRATION DEADLINE: FEB. 26, 2010
<br><br>For more information on courses, costs and registration click on this link :
<br><a href="http://www.carseyinstitute.unh.edu/smdp/Ghana-main.html" target="_top" rel="nofollow">http://www.carseyinstitute.unh.edu/smdp/Ghana-main.html</a><br><br>Co-Sponsored by the Ghana Microfinance Institutions Network (GHAMFIN) and the Carsey Institute at the University of New Hampshire
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26534650
Devfinance: Re: New York Times and the Kiva controversy
2009-11-26T12:39:43Z
2009-11-26T12:39:43Z
shanfernando1
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<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">The
students in the microfinance class took a calculated risk by investing $100 on Amelia
Leonidas, a Peruvian business entrepreneur by clicking on the Kiva website. It
is completely fine that this money could be pooled with other lenders and goes
to micro entrepreneurs like Amelia who are served by tier 3 and 4 level MFIs around
the world.</span><span lang="EN"> </span><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN"><o:p></o:p></span></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><a href="http://www.theeagleonline.com/news/story/course-aimed-to-reduce-poverty" target="_top" rel="nofollow">http://www.theeagleonline.com/news/story/course-aimed-to-reduce-poverty</a></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">The Kiva
lenders are getting the "money back" where the funds can be re-invested in other
entrepreneurs creating a multiplier effect. </span><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">While "transparency and disclosure" are important in financial transactions,</span><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN"> the pay back of the investments
is by appearance a “self-transparent” system put in place to reduce/mitigate mismanagement,
inefficiency and potential fraud. (Let’s not compare Apples to <st1:city w:st="on"><st1:place w:st="on">Oranges</st1:place></st1:city> where child sponsorship is giving “donations,
charity and handouts” that is very hard to track on the transparency scale)<o:p></o:p></span></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">Microfinance
is a business model where innovators like Matt Flannery and other social
scientists are tirelessly doing more good than harm to the industry. In a world
of 6 billion, where roughly two-thirds live on about $2 a day, the industry
needs Innovations like Kiva to fuel capital to the industry. <span style=""> </span>That’s the underlying principle behind
microfinance, an economic engine that loans small amounts of money to people
for whom $100 can mean the difference between financial success or ruin. <o:p></o:p></span></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">The idea
that the Regulators should investigate Kiva on “transparency and disclosure” probably
has mixed reactions. In this day and age where the Regulators them selves
missed so many red flags of potential financial fraud, let’s not waste tax
payer dollars trying to investigate companies on just a fashion statement of
fraud unless there is significant and material evidence of wrongdoing.<o:p></o:p></span></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">It should
be noted that some microfinance investment vehicles pay the investor 4-6%
interest and other similar vehicles 0-2% interest rates while both vehicles appear
to charge the MFIs market rates. <span style=""> </span>Why
should a higher spread of the latter that pay lower interest returns (0-2%) go towards
the "administration" of these socially responsible funds and not to the
investor/lenders? <br></span></p><meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 11"><meta name="Originator" content="Microsoft Word 11"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5CADMINI%7E1%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml"><!--[if gte mso 9]><xml>
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<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">Best
Regards,<o:p></o:p></span></p>
<p style="background: white none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial; vertical-align: baseline;"><span style="font-family: "Trebuchet MS"; color: rgb(85, 85, 85);" lang="EN">Shan<o:p></o:p></span></p>
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<!-- cg11.c1.mail.mud.yahoo.com compressed/chunked Thu Nov 26 12:30:39 PST 2009 -->
</div><br>
</body></html><p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26529053
Devfinance: Equity Bank Kenya!!
2009-11-26T04:53:00Z
2009-11-26T04:53:00Z
msjijon
Thanks for the "good news" my friend!!!
<br><br>Congratulations James!!!
<br><br>Is there some literature about this success story?
<br><br>Maria Sara :)
<br>------Original Message------
<br>From: Peter Van Dijk
<br>Sender: Development Finance
<br>To: Development Finance
<br>Sent: 26 Nov 2009 07:41
<br>Subject: Devfinance: Fron Kiva i t New York Times to Kenyan Equity Bankon CNN
<br><br>And now for some good news in Microfinance and, even more wonderful, from the African continent.
<br><br>Today I saw Equity Bank Kenya, its MD James Mwangi, who oversaw the transformation of a small housing finance company (Equity Building Society, EBS) into one of the largest retail banks in terms of number of clients and outreach into rural areas, in Africa. He was on CNN promoting his strongly committed bank.
<br><br>Congratulations James and all his colleagues (including his partners in Uganda Microfinance Ltd Charles and Rodney).
<br><br>I wish that more support would focus on together building inclusive, stable, autonomous financial sectors in countries with massive poverty and unbanked people and regions. Charities for the poor will never replace that priority need, the only way to recognise poor, unbanked citizens instead of 'targeting' and 'victimising' them.
<br><br>Peter
<br><br><br>
<br><br>##############################
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<br><br><br><br>Enviado desde mi BlackBerry de Movistar
<br>##############################
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<br>Please share with the list all relevant comments to the discussion.
<br><br><p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26528904
Devfinance: Fron Kiva i t New York Times to Kenyan Equity Bank on CNN
2009-11-26T04:41:10Z
2009-11-26T04:41:10Z
Peter van Dijk-3
And now for some good news in Microfinance and, even more wonderful, from the African continent.
<br><br>Today I saw Equity Bank Kenya, its MD James Mwangi, who oversaw the transformation of a small housing finance company (Equity Building Society, EBS) into one of the largest retail banks in terms of number of clients and outreach into rural areas, in Africa. He was on CNN promoting his strongly committed bank.
<br><br>Congratulations James and all his colleagues (including his partners in Uganda Microfinance Ltd Charles and Rodney).
<br><br>I wish that more support would focus on together building inclusive, stable, autonomous financial sectors in countries with massive poverty and unbanked people and regions. Charities for the poor will never replace that priority need, the only way to recognise poor, unbanked citizens instead of 'targeting' and 'victimising' them.
<br><br>Peter
<br><br><br>
<br><br>##############################
<br>This message is sent to you because you are subscribed to the mailing list <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26528904&i=0" target="_top" rel="nofollow">devfinance@...</a>.
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<br>Please share with the list all relevant comments to the discussion.
<br><br><p>From forum: <a href="http://old.nabble.com/Development-Finance-f10919.html" embed="fixTarget[10919]" target="_top" >Development Finance</a></p>
tag:old.nabble.com,2006:post-26523994
Press Release: SCOR Invests in LeapFrog
2009-11-25T19:42:40Z
2009-11-25T19:42:40Z
phylgeorgiou
<br>Leading Global Reinsurer SCOR Invests in LeapFrog, Groundbreaking
<br>Microinsurance Fund
<br><br><br>Backing brings Fund to USD $47M and demonstrates strong commercial appeal of
<br>new market
<br><br><br>Press Release
<br><br>Source: LeapFrog Investments
<br><br>On 9:00 am EST, Wednesday November 25, 2009
<br><br>PARIS, Nov. 25 /PRNewswire/ -- SCOR, the Paris-based global reinsurer, has
<br>announced an investment in LeapFrog, the world's first microinsurance fund.
<br>SCOR joins a diverse set of public and private investors, including the
<br>European Investment Bank, Omidyar Network, FMO, Triodos-Doen, Hivos-Triodos
<br>Fund, ACCION International, Calvert Large Cap Growth Fund, and wealth
<br>manager Felipe Medina, in backing LeapFrog's distinctive approach to tapping
<br>the massive market for microinsurance. The fund invests in businesses that
<br>bring insurance products to low-income and vulnerable people in Africa and
<br>Asia, and targets strong returns for investors while reaching 25 million
<br>beneficiaries.
<br><br>"Our investment in LeapFrog is a demonstration of our support of a
<br>socially-responsible sector such as microinsurance," says Paolo De Martin,
<br>Chief Financial Officer of SCOR. "The Group believes that the microinsurance
<br>sector is a market that has the potential to expand very quickly as it
<br>represents more than one billion individuals without access to traditional
<br>insurance services such as life, health, disability or livestock insurance.
<br>The investment was done based on strict investment return criteria applied
<br>by SCOR for all its investments."
<br><br>Numerous studies have demonstrated that low-income people in developing
<br>countries are willing and able to pay for a safety net that protects their
<br>family or business, but they generally cannot access affordable and quality
<br>insurance. Last week, Lloyds released a new study by the Microinsurance
<br>Center (MIC), estimating a market size of 1.5 and 3 billion policies. It
<br>notes that microinsurance already covers around 135 million people, and has
<br>an annual growth rate in excess of 10%, but only 5% of the potential market
<br>is penetrated -- a significant opportunity.
<br><br>"SCOR's commitment confirms the coming of age of microinsurance as a
<br>profitable investment class," says Dr. Andrew Kuper, LeapFrog's Founder and
<br>President. "For the global insurance industry, growth will come largely from
<br>emerging markets -- we cannot ignore the 83% of the population in Asia and
<br>95% in Africa classified as low-income. The industry has a historic
<br>opportunity to develop profitable businesses that serve this immense
<br>customer base. LeapFrog invests in these exciting businesses, anticipating
<br>strong social and financial returns."
<br><br>Beyond financial capital, LeapFrog can provide portfolio companies with
<br>support in business planning, product design, regulatory and risk
<br>management, or development of efficient high-volume distribution channels.
<br><br>According to the MIC study, in addition to profit there are several benefits
<br>to commercial insurers in providing and investing in microinsurance. These
<br>include a large, diversified risk pool, reputational benefits, improved
<br>relations with government, market intelligence and innovation applicable
<br>across a range of business activities.
<br><br>LeapFrog Investments created and manages the world's first microinsurance
<br>fund. Launched by President Bill Clinton in 2008, LeapFrog has raised $47
<br>million to date from banks, funds, and microfinance and insurance investors.
<br>Its profit-with-purpose investment approach has been hailed by many global
<br>leaders as a new frontier for alternative investment and microfinance.
<br>www.leapfroginvest.com
<br><<a href="http://us.lrd.yahoo.com/_ylt=An0IzMxMGqES._iX7AZyLXmxcq9_;_ylu=X3oDMTE2bjEw" target="_top" rel="nofollow">http://us.lrd.yahoo.com/_ylt=An0IzMxMGqES._iX7AZyLXmxcq9_;_ylu=X3oDMTE2bjEw</a><br>MjJvBHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDd3d3bGVhcGZyb2dp/SIG=113fna42r/**htt
<br>p%3A/www.leapfroginvest.com/>
<br><br>SCOR is a leading global reinsurer, covering both Life and Non-Life
<br>reinsurance. SCOR's specialist teams operate in over 52 countries,
<br>developing value added, innovative and made to measure products and services
<br>and making long-term commitments to their clients, namely insurers and large
<br>corporations. At 30 September 2009, SCOR's total investments, including
<br>cash, stand at EUR 19,699 million. Investments consist of fixed income
<br>(44%), funds withheld by cedants (40%), cash and short-term investments
<br>(9%), equities (4%), real estate (2%) and alternative investments (1%).
<br>www.scor.com
<br><<a href="http://us.lrd.yahoo.com/_ylt=AnjPDs3ygpYDeTt8uCaxRrOxcq9_;_ylu=X3oDMTE0cTZz" target="_top" rel="nofollow">http://us.lrd.yahoo.com/_ylt=AnjPDs3ygpYDeTt8uCaxRrOxcq9_;_ylu=X3oDMTE0cTZz</a><br>djZkBHBvcwMyBHNlYwNuZXdzQXJ0Qm9keQRzbGsDd3d3c2NvcmNvbQ--/SIG=10pfko51r/**htt
<br>p%3A/www.scor.com/>
<br><br>This article can be seen at:
<br><a href="http://finance.yahoo.com/news/Leading-Global-Reinsurer-SCOR-prnews-382343474" target="_top" rel="nofollow">http://finance.yahoo.com/news/Leading-Global-Reinsurer-SCOR-prnews-382343474</a><br>9.html?x=0
<br><<a href="http://finance.yahoo.com/news/Leading-Global-Reinsurer-SCOR-prnews-38234347" target="_top" rel="nofollow">http://finance.yahoo.com/news/Leading-Global-Reinsurer-SCOR-prnews-38234347</a><br>49.html?x=0&.v=1> &.v=1
<br><br>
<br><br>Phyl Georgiou
<br><br>Investment Analyst
<br><br>LeapFrog Investments Ltd.
<br><br>M +61 431 137 750
<br><br>E <mailto:<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26523994&i=0" target="_top" rel="nofollow">phylgeorgiou@...</a>> <a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26523994&i=1" target="_top" rel="nofollow">phylgeorgiou@...</a>
<br><br>
<br><br>www.leapfroginvest.com
<br><br>
<br><br>"LEAPFROG INVESTMENTS" is a registered trademark of LeapFrog Investments,
<br>Ltd. This message does not constitute an offer of any securities or
<br>investment advisory services, which would require a complete review of
<br>relevant offering and subscription documents and be subject to securities
<br>laws. This message is also confidential and intended exclusively for the use
<br>of the recipient, and it is not to be reproduced or redistributed. If you
<br>are not the intended recipient, any review or distribution of this message
<br>is strictly prohibited, and you should notify us immediately by email.
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26516560
New Resources on Youth and Workforce Development
2009-11-25T08:32:45Z
2009-11-25T08:32:45Z
st.surin
<br>The SEEP Network is proud to announce the release of five new
<br>publications on making youth enterprise and workforce programming more
<br>market-driven!
<br><br><br><br><br><br>These publications were developed through SEEP's Practitioner
<br>Learning Program (PLP) on Youth and Workforce Development: Using 100%
<br>Market -Driven Program Design to Achieve 100% Employment, funded by
<br>USAID through the AED FIELD Mechanism. The six partner organizations in
<br>the PLP, together with SEEP, developed five publications on market
<br>assessments, monitoring and evaluation, scale-up, financial
<br>sustainability, and partnerships for youth workforce development
<br>programming.
<br><br><br><br><br><br>To read more about this PLP and download the publications, visit
<br><a href="http://www.seepnetwork.org/pages/youthandworkforcedevelopment.aspx" target="_top" rel="nofollow">http://www.seepnetwork.org/pages/youthandworkforcedevelopment.aspx</a><br><br><br><br><br><br><br><br>To download individual publications, please visit:
<br><br><br><br><br><br>Guidelines and Experiences for Including Youth in Market Assessments for
<br>Stronger Youth Workforce Development Programs
<br><br><br> <a href="http://www.seepnetwork.org/Resources/YouthPLP_Assessments.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/YouthPLP_Assessments.pdf</a><br><br><br><br>Monitoring and Evaluation for Youth Workforce Development Projects
<br>
<br><a href="http://www.seepnetwork.org/Resources/YouthPLP_MonitoringEval.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/YouthPLP_MonitoringEval.pdf</a><br><br>Scaling Up Market-Driven Youth Workforce Development Programs
<br> <a href="http://www.seepnetwork.org/Resources/YoutPLP_ScalingUp.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/YoutPLP_ScalingUp.pdf</a><br><br>Staying Connected: Partnerships That Keep Youth Workforce Development
<br>Programs Market Driven
<br>
<br><a href="http://www.seepnetwork.org/Resources/YouthPLP_Partnerships.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/YouthPLP_Partnerships.pdf</a><br><br>Market-Driven Youth Programs and the Bottom Line: Using
<br>Income-Generating Activities to Make Programs 100% Market Driven
<br>
<br><a href="http://www.seepnetwork.org/Resources/youthPLP_MarketDriven.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/youthPLP_MarketDriven.pdf</a><br><br><br>If you have any questions, or you would like to obtain more information
<br>about The SEEP Network's PLP/IGP programs, please contact
<br><a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26516560&i=0" target="_top" rel="nofollow">st.surin@...</a>
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26516504
Resources for Serving HIV/AIDS Impacted Communities
2009-11-25T08:16:48Z
2009-11-25T08:16:48Z
st.surin
The SEEP Network is proud to announce the release of four new
<br>publications on the PLP in (BASICS) Building Alliances to Serve HIV/AIDS
<br>Impacted Communities in Sub-Saharan Africa!
<br><br><br>These publications were developed through SEEP's Practitioner
<br>Learning Program (PLP) on BASICS, funded by USAID
<br><<a href="http://www.usaid.gov/" target="_top" rel="nofollow">http://www.usaid.gov/</a>> through the AED FIELD Mechanism. The six
<br>partner organizations in the PLP, together with SEEP, developed four
<br>publications on partnership capacity building, enhanced service
<br>provision, partnership models for service delivery, and a partnership
<br>toolkit.
<br><br><br><br><br><br><br>To read more about this PLP and download the publications, visit
<br><a href="http://www.seepnetwork.org/Pages/BuildingAlliancestoServeHIVAIDSImpacted" target="_top" rel="nofollow">http://www.seepnetwork.org/Pages/BuildingAlliancestoServeHIVAIDSImpacted</a>\
<br>CommunitiesinSub-SaharanAfrica(BASICS).aspx
<br><br><br><br><br><br><br><br>To download each publication individually, please visit:
<br><br><br><br>Partnership Capacity Building for Economic Strengthening in HIV and
<br>AIDS-Impacted Communities: Two Cases from Rwanda
<br> <a href="http://www.seepnetwork.org/Resources/CS_BASICS_Capacity.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/CS_BASICS_Capacity.pdf</a><br><br>Enhanced Service Provision for Economic Strengthening in HIV and
<br>AIDS-Impacted Communities
<br> <a href="http://www.seepnetwork.org/Resources/TN_BASICS_Services.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/TN_BASICS_Services.pdf</a><br><br>Partnership Models for Successful Microenterprise Service Delivery to
<br>HIV and AIDS-Affected Communities
<br> <a href="http://www.seepnetwork.org/Resources/TN_BASICS_Models.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/TN_BASICS_Models.pdf</a><br><br>Partnering to Achieve Economic Impact in HIV and AIDS-Impacted
<br>Communities: A Partnership Toolkit for Microenterprise Development
<br>
<br><a href="http://www.seepnetwork.org/Resources/Tool_BASICS_Partnership.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/Tool_BASICS_Partnership.pdf</a><br><br><br>If you have any questions, or would like to obtain more information on
<br>the SEEP Network's PLP/IGP programs, please contact
<br><a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26516504&i=0" target="_top" rel="nofollow">st.surin@...</a>
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26515071
Financial Services Publications
2009-11-25T07:26:21Z
2009-11-25T07:26:21Z
st.surin
<br>The SEEP Network <<a href="http://www.seepnetwork.org/" target="_top" rel="nofollow">http://www.seepnetwork.org/</a>> is proud to announce the
<br>release of eleven new publications on moving down market with financial
<br>services, from the Financial Services IGP.
<br><br><br><br><br>These publications were developed through USAID's Implementation Grant
<br>Program (IGP) Learning Network, funded by USAID through the AED FIELD
<br>Mechanism <<a href="http://www.microlinks.org/field" target="_top" rel="nofollow">http://www.microlinks.org/field</a>> . The five partner
<br>organizations in the PLP, together with SEEP, developed eleven
<br>publications on partnering with banks; launching m-banking; value chain
<br>finance; training clients to use new technologies; conducting
<br>assessments in post-disaster environments; microfinance for youth; and
<br>much more!
<br><br><br><br><br><br>To read more about this IGP and download the publications, visit
<br><a href="http://seepnetwork.org/Pages/FinServicesIGP.aspx" target="_top" rel="nofollow">http://seepnetwork.org/Pages/FinServicesIGP.aspx</a><br><<a href="http://seepnetwork.org/Pages/FinServicesIGP.aspx" target="_top" rel="nofollow">http://seepnetwork.org/Pages/FinServicesIGP.aspx</a>>
<br><br>To download the publications individually, visit:
<br><br><br><br>Developing a Cost-Benefit Analysis Tool: Experiences and Lessons from
<br>Malawi and Mozambique
<br>
<br><a href="http://www.seepnetwork.org/Resources/Developing_Cost-Benefit.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/Developing_Cost-Benefit.pdf</a><br><br>Cost-effective Household Surveys: Key Lessons for Implementing a
<br>Household Livelihood Survey on a Budget
<br>
<br><a href="http://www.seepnetwork.org/Resources/HHSurveyLessons_Shorebank.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/HHSurveyLessons_Shorebank.pdf</a><br><br>Expanding Outreach in Malawi: OIBM's Efforts to Launch a Mobile
<br>Phone Banking Program
<br> <a href="http://www.seepnetwork.org/Resources/M-banking_Case.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/M-banking_Case.pdf</a><br><br>Learning from Pilots: The Case of ShoreBank International/AMPER in
<br>Pakistan
<br>
<br><a href="http://www.seepnetwork.org/Resources/Maternity_pilot_Case_Shorebank.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/Maternity_pilot_Case_Shorebank.pdf</a><br><br>Linking Youth with Knowledge and Opportunities in Microfinance (LYKOM)
<br>Project, Morocco
<br>
<br><a href="http://www.seepnetwork.org/Resources/Save_Zakoura_Youth_FS_Case_Study.pd" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/Save_Zakoura_Youth_FS_Case_Study.pd</a>\
<br>f
<br><br>Overcoming Back-end Barriers: Opportunity International and Bank
<br>Switching Solutions
<br> <a href="http://www.seepnetwork.org/Resources/SwitchingSolutions.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/SwitchingSolutions.pdf</a><br><br>WOCCU Value Chain Finance Implementation Manual: Increasing
<br>Profitability of Small Producers
<br>
<br><a href="http://www.seepnetwork.org/Resources/ValueChainFinance_Manual_WOCCU.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/ValueChainFinance_Manual_WOCCU.pdf</a><br><br>Blazing a Trail, Addressing Obstacles: Lessons from Save the Children
<br>and Fondation Zakoura's Youth Microfinance and Training Program
<br>
<br><a href="http://www.seepnetwork.org/Resources/BlazingATrail_Save-Zakoura.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/BlazingATrail_Save-Zakoura.pdf</a><br><br>Bank-Microfinance Alliances: FINCA's Pilot Program for Prepaid Cards
<br>in Mexico
<br>
<br><a href="http://www.seepnetwork.org/Resources/FINCA_Bank_Partnerships.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/FINCA_Bank_Partnerships.pdf</a><br><br>Implementing a Household Livelihood Survey in a Post-Disaster
<br>Environment ShoreBank International Ltd, NRSP, and the AMPER Program in
<br>Pakistan
<br>
<br><a href="http://www.seepnetwork.org/Resources/HHSurvey_Case_Shorebank.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/HHSurvey_Case_Shorebank.pdf</a><br><br>FINCA's Prepaid Card Training for Clients: A web-based case study
<br> <a href="http://www.villagebanking.org/site/c.erKPI2PCIoE/b.5474575/" target="_top" rel="nofollow">http://www.villagebanking.org/site/c.erKPI2PCIoE/b.5474575/</a><br><br><br>If you have any questions, or to obtain information about the SEEP
<br>Network's Implementation Grant Programs, please contact
<br><a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26515071&i=0" target="_top" rel="nofollow">st.surin@...</a> .
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>
tag:old.nabble.com,2006:post-26513623
Publications on Enterprise Development
2009-11-25T06:26:29Z
2009-11-25T06:26:29Z
st.surin
<br>The SEEP Network <../../../www.seepnetwork.org> is proud to announce
<br>the release of two new publications on value chain development linking
<br>economic growth to poor households, from our Enterprise Development IGP.
<br><br><br><br><br>These publications were developed through USAID's Implementation Grant
<br>Program (IGP)Learning Network, funded by USAID through the AED FIELD
<br>Mechanism. The three partner organizations in the IGP, together with
<br>SEEP, developed two publications on using ICT applications to address
<br>value chain constraints and adopting a "good enough" approach to
<br>upgrading and standards adherence, as well as an upcoming video podcast
<br>about using the value chain approach to achieve triple-bottom-line
<br>objectives.
<br><br><br><br><br><br>To read more about this IGP and download the publications, visit
<br>www.seepnetwork.org/pages/EntDevIGP.aspx
<br><../../../www.seepnetwork.org/pages/EntDevIGP.aspx> .
<br><br><br><br><br>The individual publications are available for download here:
<br><br><br><br><br>Getting to "Good Enough" in Product Upgrading: SDCAsia and the
<br>Cardava Banana Value Chain
<br> <a href="http://www.seepnetwork.org/Resources/GettingtoGoodEnough.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/GettingtoGoodEnough.pdf</a><br><<a href="http://www.seepnetwork.org/Resources/GettingtoGoodEnough.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/GettingtoGoodEnough.pdf</a>>
<br><br>New ICT Solutions to Age-Old Problems: Case of the IGP India Project
<br>
<br><a href="http://www.seepnetwork.org/Resources/ICT_Solutions_Value_Chain.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/ICT_Solutions_Value_Chain.pdf</a><br><<a href="http://www.seepnetwork.org/Resources/ICT_Solutions_Value_Chain.pdf" target="_top" rel="nofollow">http://www.seepnetwork.org/Resources/ICT_Solutions_Value_Chain.pdf</a>>
<br><br><br><br>If you have any questions, or would like to obtain more information
<br>about The SEEP Network's Implementation Grant Programs, please contact
<br><a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26513623&i=0" target="_top" rel="nofollow">st.surin@...</a> <mailto:<a href="http://old.nabble.com/user/SendEmail.jtp?type=post&post=26513623&i=1" target="_top" rel="nofollow">st.surin@...</a>>
<br><br><br><br>[Non-text portions of this message have been removed]
<br><br><p>From forum: <a href="http://old.nabble.com/Microfinance-Practice-f10921.html" embed="fixTarget[10921]" target="_top" >Microfinance Practice</a></p>