Posts Tagged ‘Kenya’

MicroSave partners with MMT-Africa: Africa’s Largest Mobile Money Conference

Microfinance Focus, April 08, 2010: Reinforcing its collaboration, MicroSave partners with MMT-Africa (Mobile Money Transfer) for Africa’s largest mobile money conference and expo, says a press release. Showcasing the most successful mobile money services from the region's pioneering operators and financial institutions, the conference, scheduled on 4-7 May 2010 will be held in Nairobi, Kenya. It will cover issues around challenges of regulation, partner selection, ... Full story

MasterCard Foundation, EGF to provide $4.6M for Kenyan students

Microfinance Focus, Feb 9, 2010: The MasterCard Foundation and the Equity Group Foundation (EGF) have launched a program that will provide $4.6 million in educational support to 676 secondary students in Kenya over the next five years. Reeta Roy, President and CEO of The MasterCard Foundation, and EGF Chairman Dr. James Mwangi announced the partnership at an event in Nairobi on Monday, presided by Kenyan Prime ... Full story

Zidisha set to ‘expand’ in Peer-to-peer Microfinance: Julia Kurnia

Zidisha set to 'expand' in Peer-to-peer Microfinance: Julia Kurnia
By Asma Aziz Microfinance Focus, Feb. 7, 2010: Incorporated as a peer-to-peer lending service, which allows a direct transaction between lenders and borrowers, without any intermediaries, Zidisha is all set to scale P2P fundraising to newer heights. With a Swahili name implying ‘expand’, the organization connects low income entrepreneurs of developing nations to lenders across the globe ... Full story

ResponsAbility fund ends on positive note in 2009

By Naagesh Naaraayana Microfinance Focus, Jan. 20, 2010: ResponsAbility microfinance fund invested a total fo $123 million in 2009 despite the difficult economic environmen, of which $11.1 million was invested in December 2009, said its monthly report. In December,  the fund placed a total of $11.1 million via numerous small investments in twelve countries, including Kenya and the Philippines.  The fund, which was skeptical about Nicaraguan situation ... Full story

BNM, JICA event in Malaysia focuses on human capital in microfinance

Microfinance Focus, Jan. 19, 2010: Representatives from Malaysia's central bank, Bank Negara Malaysia, began their meeting on Monday with microfinance practitioners to discuss financial inclusion. The Financial Inclusion Advisers (FIA) Programme from 18 - 22 January 2010 in Kuala Lumpur is set to focus on developing human capital in the sector, said a statement by the bank. In their opening remarks, Ms. Noriko Suzuki, Chief Representative ... Full story

Acumen Fund announces pilot water projects in Kenya

Microfinance Focus, Dec. 2, 2009: Acumen Fund, a nonprofit venture firm in South Asia and East Africa, has selected four organizations in Kenya to conduct pilot programs to address issues of safe water transportation and storage. The pilot programs are part of a broader project called Ripple Effect, funded by the Bill and Melinda Gates Foundation, which brings together Acumen Fund and IDEO, a leading design ... Full story

IFC investments in Africa touch $1.8 billion in one year

By Naagesh, N. Microfinance Focus, August 19, 2009: The International Finance Corporation (IFC), the World Bank's private sector arm, announced on Wednesday that it committed $1.8 billion worth of new investments across 30 countries in Africa in the fiscal year ended June, as it rapidly increased activities to help microfinance and other financial advisory services or guarantees in Africa. IFC’s investments represented a 32% increase over the $1.4 billion in commitments recorded a year earlier. IFC also delivered $26.1 million worth of advisory services, up from $18.6 million a year ago, as it expanded activities to have more impact in countries affected by conflict and where the private sector is at the very early stages of development. Full story

Microfinance loans for water-starved people

Microfinance loans for water-starved people
By Naagesh Naaraayana Microfinance Focus, July 22, 2009: Manonmani, a housewife with two children, lived for many years in a slum in Tiruchirpalli with acute water shortage. For a family of four, access to water once every four days was too inadequate to survive.  Thanks to Water.org,  she found their local affiliate Gramalaya, a microfinance institution which came to her locality and provided them loans for a new water connection. Full story
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