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International Funding for Financial Inclusion: Key Trends and Development by CGAP

The 2017 edition of CGAP’s annual Cross-Border Funder Survey reports has been released. Funder commitments to financial inclusion reached a historic high of US$37 billion in 2016. In Eastern Europe and Central Asia (ECA), which traditionally has been the top-funded region, funding has experienced a decline for the second year in a row. The average commitment in ECA per project in ...

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MFC Members’ news: KMF (Kazakhstan) improves customer communication

KMF is a microfinance organization operating in Kazakhstan with portfolio consisting of 220 567 active clients. KMF provides microfinance services for micro, small and agro business across coutry, including rural areas. The rapid growth of the Company and the long-term goal to increase the loan officers’ productivity urged to seek new horizons for communications. KMF introduced its own Call Center ...

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MFC Members’ news: Asian Credit Fund’s new green economy programme

Asian Credit Fund (ACF) is a microfinance organization operating in Kazakhstan. ACF provides microloans for small businesses and supports households’ development predominantly in rural areas of Kazakhstan. In 2017 ACF launched its Green Economy programme, with a focus on “clean or green technology”. As part of its support for the program, ACF increased disbursement of green lending, providing loans for ...

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European Commission announced a proposal for a Regulation on Crowdfunding

The Action Plans on Sustainable Finance, FinTech and a proposal for a Regulation on Crowdfunding was announced by European Commission in 8 March 2018. EC Vice-President Dombrovskis said in his speech: “To compete globally, Europe’s innovators need access to capital, space to experiment, and scale to grow. But we also need to address consumer safety, and maintain the resilience of ...

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MFC Members News: Internet Corners for the Clients of Opportunity Bank Serbia

As a part of its efforts to educate and empower its clients, MFC Member Opportunity Bank Serbia (OBS) decided to install internet corners in its branches in order to enable clients to use computers and internet while waiting to be served. The first corners were piloted in Novi Sad, Kragujevac and Belgrade branches during 2017. Majority of OBS clients do not ...

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Call for proposals: Entrepreneurial capacity building for young migrants

Organiser: European Commission Deadline: 24.05.2018  Budget: €2,225,000 Eligible applicants: established in one of the 28 EU countries The overall objective of this call is to support the creation, the improvement and the wider distribution of support schemes for migrant entrepreneurs. This call will identify potential entrepreneurs among migrants and raise awareness about entrepreneurship within migrant communities. Specifically, the focus is on: Training courses (e.g. on entrepreneurship, business ...

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Assessing the European market of Microfinance

The study Assessing the European market potential of business microcredit and the associated funding needs of non-bank MFIs depict a huge potential demand for small business loans across the EU-28 members states and the dynamism of a sector that needs adequate support to ensure a wider outreach to the underserved to deliver on its mandate to improve social and financial ...

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Webinar “Uniting Tech and Touch”

Topic: Uniting Tech and Touch: How Centaur Products Are Better for Consumers and Providers Date: March 6, 2018 Time: 3:00 PM CET Presenter: CFI Fellow Alexis Beggs Olsen Host: Grzegorz Galusek, CEO, Microfinance Centre Only for MFC Members.  Become a member! Uniting Tech and Touch: How Centaur Products Are Better for Consumers and Providers – Evidence from Kenya—the newest research emerging from ...

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2017 Borrow Wisely Campaign Results

We are pleased to share with you the final evaluation results of our 2017 Borrow Wisely Campaign! The Borrow Wisely Campaign is an international initiative to promote customer protection standards and financial education. The Campaign is realised with our partners, which use an opportunity to re-confirm customers care orientation and commitment to responsible finance. The fourth edition was realized in ...

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Project „Taking Financial Health Tools to the customer” was launched

MFC and Accion are partnering on an action research project aimed at creating a digital tool (mobile phone application or responsive web site) that will support microfinance clients in changing their financial behavior. The digital solution will also help financial providers to learn more about the behaviors and interact more frequently with their clients. Read more about the project.   ...

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