Microfinance Media Buzz: July 21, 2011

Microfinance Media buzz brings a compilation of industry headlines broadcasted by other news media from across the world.

 

1. IPS: Bangladesh Offers Lessons in Microcredit Management

Phulo Rani Pal checks for loose dust around her open backyard kitchen. It’s time to prepare the sweets she supplies to vendors and it will not do for her products to be contaminated. (Read More) News Published by: Inter Press Service

 

2. OINN: Labour dept provides Rs. 58.22 interest free million micro credit among kiln workers

Punjab Labour Minister Haji Ehsaan-ud-Din Qureshi has said that labour department has provided Rs. 58.22 interest free million micro credit among 3047 workers of brick kilns in two districts for the elimination of bonded labour, child labour, exploitation of brick kiln workers. (Read More) News Published by: Online International News Network

 

3. IBN: Youth SHGs get seed money

The Repco Foundation, a sister concern of the Repco Bank, in association with Puthiya Thalaimurai Trust of the S R M group on Wednesday disbursed seed loans worth Rs 1.25 crore to 58 youth Self Help Groups as part of their micro finance programme. (Read More) News Published by: IBN Live

 

4. AA: African Water Facility Awarded U.S. $12 Million Grant From the Bill & Melinda Gates Foundation to Advance Water And Sanitation Services in Africa

The African Water Facility (AWF), an initiative of the African Ministers Council on Water (AMCOW) hosted by the African Development Bank (AfDB), is awarded a grant of US$ 12 Million by the Bill & Melinda Gates Foundation to finance projects to advance water and sanitation services across Africa. (Read More) News Published by: All Africa

 

5. TAR: Kenya: Poverty eradication goes hi tech with M-PESA

In 2007, Kenya's mobile network service provider Safaricom introduced a low cost electronic mobile phone money transfer system known as M-PESA. (Read More) News Published by: The African Report

 

6. BS: RBI flays banks in MP

After coming down heavily on bankers in the state level bankers committee meeting here Reserve Bank of India today said technology in banking system is new and it would take time for bankers to function properly.  (Read More) News Published by: Business Standard

 

7. Bloomberg: Uganda to Borrow $463 Million From African Development Bank for Projects

Uganda plans to borrow $463 million from the African Development Bank over the next two years to fund health, agriculture, water and sanitation projects, said Patrick Khaemba, the lender’s country representative. (Read More) News Published by: Bloomberg

 

8. MicroCapital: Jonathan Lewis of Opportunity Collaboration Responds to Complaints that “Microcredit Does Not Solve Poverty”

The Huffington Post, a US-based news website, recently published an editorial series by Jonathan Lewis, founder of the annual Opportunity Collaboration retreat for social investors, titled “Social Impact Evaluation: Useful? Utopian?”, which responds to suggestions by members of academia and the media that “microcredit does not solve poverty.” (Read More) News Published by: MicroCapital

 

9. GBN: IFC invests $1million in microfinance firm Advans in Ivory Coast

A member of the World Bank Group, the International Finance Corporation (IFC) is putting in an amount of $1 million to help establish Advans Cote d’Ivoire as the country rebuilds its economy following the political unrest. (Read More) News Published by: Ghana Business News

 

10. FT: Bank sponsors microfinance week

ANZ joined the Foundation for Development Co-operation as a silver sponsor of Pacific Microfinance Week 2011. (Read More) News Published by: Fiji Times Online

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