Microfinance News Synopsis: Three opportunities for microfinance providers

Microfinance Focus, June 10, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world.

Three opportunities for microfinance providers: Not having enough money is bad enough, but what can be worse is not being able to manage whatever money you have. This is the hidden bind of poverty, say Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven in ‘Portfolios of the Poor: How the world’s poor live on $2 a day’ “For lack of a tool to marshal money into the right sums at the right times, a missed doctor’s visit tips into a full-blown family health crisis. A lack of ready cash deprives a child of a place at school, or prevents an adult from seizing an opportunity to increase income and gain greater economic stability” [The Hindu]

June 14th SVMN Meeting: Client Protection & Transparency: This Silicon Valley Microfinance Network (SVMN) meeting will take place on Monday, June 14th, 2010 and will feature Beth Porter of the United Nations Capital Development Fund and Chuck Waterfield of Microfinance Transparency. During this event, Beth and Chuck will closely examine the evolution of consumer protection, the drivers that lead to the global financial meltdown, and why transparent contracts and pricing within the microfinance industry is more crucial now than ever before [SVMN]

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