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Mexico’s Compartamos Sees More Growth In Micro-Lending – WSJ.com

MEXICO CITY (Dow Jones)–Mexico’s Compartamos SAB (CMPRF, COMPARC.MX) said Wednesday its net profit expanded 12% on the year in the first quarter as the microfinance lender grew its loan portfolio and attracted new clients. Chief Financial Officer Patricio Diez told Dow Jones Newswires that the company is “very satisfied” with the results. Compartamos grew its …
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World Bank/CGAP covers Eko India


Micro insurance coverage surges at tremendous pace

Microfinance Focus, April 15, 2012:  Micro insurance schemes worldwide have catapulted over the past five years. It now reaches an estimated 500 million worldwide, according to the Micro insurance Innovation Facility of the International Labour Organization (ILO) and the Munich Re Foundation. Not only does micro insurance aim to protect the poor against risks, but …

Professor Muhammad Yunus Featured on Fortune Magazine’s List of “The 12 Greatest Entrepreneurs of Our Time”

Grameen America advancing Professor Yunus’ vision in the U.S. through innovative solutions to poverty NEW YORK, April 4, 2012 /PRNewswire via COMTEX/ — Professor Muhammad Yunus, founder of Grameen America and 2006 Nobel Peace Prize recipient, was recognized by Fortune Magazine for his innovative efforts to spur a global movement toward microlending. Considered one of …

Africa: CDC Invests £50 Million in Private Equity Fund With Focus

BY MARK TRAN, 4 APRIL 2012 Carrying firewood. (Photo Courtesy Gates Foundation) London — CDC, the UK’s development finance arm, has announced a £50m investment in a private equity fund backed by former rock star Bob Geldof that focuses on Africa. 8 Miles – named after the shortest distance between Europe and Africa – has been promoted …

Microinsurance Reaches 3m in the Philippines, More Expansion Predicted in Microcredit as Commercial Banks Enter Microfinance

Wednesday, April 4, 2012 MICROCAPITAL BRIEF » Posted by Amira Berrada in Category: Asia,Microinsurance at 11:12 am According to a report attributed to the Insurance Commission of the Philippines, a government body regulating the country’s insurance industry, the microinsurance program launched in 2010 has contributed to 3.1 million Filipinos having acquired insurance coverage. The basic unified microinsurance product for health, …

Russia’s Microfinance Sector Doubles Growth to 32% in 2011, Default Rate Stands at 7%

MICROCAPITAL BRIEF:  » Posted by Brendan Millan in Category: Eastern Europe and Central Asia,Trends/Challenges at 11:36 am Microfinance institutions (MFIs) in Russia reportedly disbursed loans of approximately RUR 29 billion (USD 1 billion) to individual borrowers in 2011, representing a 32.2-percent increase from 2010 [1]. In 2010, loans increased by 15.3 percent from 2009 [1]. The 2011 increase is attributed …

Asian Development Bank (ADB) to Lend $20m to Chinese Banks to Support Microfinance Institutions in Rural China

MICROCAPITAL BRIEF:  » Posted by Brendan Millan in Category: Asia,Investment Funds,Key Players at 9:43 am The Asian Development Bank (ADB), a multilateral institution based in the Philippines, will provide a loan facility of CNY 130 million (USD 20.6 million) to unspecified partner banks to “help them build their wholesale lending capacity to microcredit companies” in central and western China …

IFC mobile services program reaching underserved LAC regions

Microfinance Focus, March 27, 2012: International Finance Corporation (IFC), a member of World Bank Group is working with three partner organizations to bring mobile financial services to the remote and underserved population of Latin America and Caribbean countries. IFC’s Mobile Financial Services programme is providing financial institutions and service providers with customized solutions for their …