Monthly Archives: May 2011

Microfinance Practitioners Asked to Endorse Industry-Wide Consumer Protection Standards

International call on attendees to endorse new global Smart Campaign May 24, 2011 (Business Wire) — Promoting savings and consumer protection are the central issues in U.S. microfinance, according to the top industry researchers, investors, and practitioners who addressed more … Continue reading

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MFS can help create new jobs, raise govt taxes

ISLAMABAD: The government can get Rs 2 billion taxes by 2020 if Mobile Financial Services (MFS) properly pursue by the government, according to a study conducted by Telenor Group and Boston Consulting Group. Apart from taxes, the MFS could also … Continue reading

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Bank okays higher dividend

By Beatus Kagashe The Citizen Reporter Dar es Salaam. The annual general meeting of the National Microfinance Bank (Nmb) has approved a dividend of Sh36 per share being an increase of 15 per cent over the dividends shareholders got in … Continue reading

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Report roots for SMEs support to fight poverty

By PAUL WAFULA Posted Tuesday, May 31 2011 Small and Medium Enterprises (SMEs) have a new window of finance to support their distribution chains through philanthropists engaged in poverty alleviation, if the findings of a new report are implemented. The … Continue reading

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Microfinance Charity Opportunity International Turns 40 and Celebrates Entrepreneurship Through 40-Day Event

TORONTO, ONTARIO–(Marketwire – May 17, 2011) – Today marks the launch of Opportunity CAN, a 40-day event celebrating Opportunity International’s 40-year history empowering people across the developing world to work their way out of poverty using financial tools. During the … Continue reading

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SKS Microfinance gains after changing its fee structure

SKS Microfinance rose 1.13% at Rs. 363 at 9:35 IST on BSE after the company said it will charge a processing fee of 1% of the loan amount on all micro loans across India with effect from 1 June 2011.     … Continue reading

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State Department marries investing, diplomacy

By Thomas Kostigen SANTA MONICA, Calif. (MarketWatch) — The State Department is using the power of U.S. investors as a diplomatic weapon. Under a new program dubbed “smart power,” the Department of State says it will leverage its diplomatic network … Continue reading

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New initiative helps SMEs gain access to credit

Small and medium size enterprises (SMEs) may have easier access to bank financing thanks to the new SME Credit Risk Initiative agreed between the General Authority for Investment (GAFI) and the Credit Guarantee Company (CGC). The initiative, signed today, says … Continue reading

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Moving away from red tape to red carpet treatment for SMEs

Nationalist MP Karl Gouder urged the government to reduce bureaucracy, improve the life of small and medium enterprise owners by assisting them, and help them keep SMEs – the heart of the economy – running. He was speaking during the … Continue reading

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Madura Microfinance Partners With Vodafone, Nokia

Microfinance institutions (MFIs) are a natural ally for telecommunication companies who want to penetrate into the rural areas. In a latest example, leading microfinance company Madura Micro Finance Ltd has partnered with Vodafone to launch Madura Mobile Micro Markets (M4 initiative), … Continue reading

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