| | | July - August 2011
Banking With The Poor Network
Secretariat News Introducing BWTP Network's Manager Banking With The Poor Network is glad to announce the appointment of Ms. Erlijn Sie, lately from Netherlands, as BWTP Network General Manager, based in Singapore. Erlijn will be responsible for the daily operation of BWTP activities, managing the support staff in our Singapore office. Erlijn is experienced in the field of micro finance, both in Asia as well as in the Netherlands. In 2005, she founded an MFI (Microkrediet voor Moeders) reaching out to entrepreneurial women in Asia, it started in Sri Lanka 6 years ago, and is now active in eight countries in the South and Southeast Asia region. This MFI cooperates with local partners including greenfield MFIs (e.g. EDM in North Vietnam), urban cooperatives (e.g. Kopdit Anna in Indonesia), NGO's (e.g. ASARR in Bangladesh), non-Bank-MFIs and mature MFIs (like Chamroeun in Cambodia). Erlijn's experience also includes working with training institutions, trade associations and health providers to offer microcredit. Through these partnerships, previously excluded groups of entrepreneurial women reap the benefit of financial inclusion. | |  |
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| Microfinance Industry News |
| Citi, OPIC and Bank Danamon Support the Rapid Growth of the Microfinance Sector in Indonesia with $20 Million Term Funding
BNET - August 4, 2011JAKARTA, Indonesia -- Citi Indonesia, the Overseas Private Investment Corporation (OPIC) and Bank Danamon announced the closing of a USD 20 Million term loan to fund the growth of Bank Danamon’s Microfinance program, Danamon Simpan Pinjam (DSP), and to promote the financial inclusion of microentrepreneurs and small businesses in Indonesia. This loan will be the first from Citi and OPIC for the microfinance sector in Indonesia, and is a part of Citi’s and OPIC’s $250 million joint global initiative to support microfinance lending in emerging markets worldwide. Read More
Microcredit saves poor from inflation
VietNam News - July 25, 2011
by Van DatHCM CITY - Microfinance schemes have become an increasingly sought helping hand for less well-off populations in both urban and rural areas as the country reels under double-digit inflation, experts say.
Read More.India's Microfinance Bill Answers Most Questions
CGAP Microfinance Blog - July 24, 2011
by N. SrinivasanIndia’s Ministry of Finance released the much awaited draft microfinance bill which is to be introduced in the country’s parliament shortly. This post is the next in a short series of commentary on the bill by a variety of experts from the region on what the bill means for India and the global microfinance industry. Read More
Loan portfolio of microfinanciers reaches P7 billion
Interaksyon.com - July 7, 2011MANILA, Philippines - More borrowers are tapping collateral-free micro loans as the money set aside by microfinance-oriented banks has grown by six percent in two years to P7 billion, the Bangko Sentral ng Pilipinas said on Wednesday. Read MoreChina: Fostering financial inclusion
China Daily - July 6, 2011
by Xiao GangInclusive growth, or shared growth, is supposed to allow people to equitably share the benefits of economic development, making poverty reduction efforts more effective by creating productive economic opportunities for the poor and vulnerable sectors of society. This refers not only to people's material well-being, but also to human rights and democracy. Read MoreMobile Money Inclusion Summit and Financial Inclusion Exhibition 2011
On 10-11 November 2011 at Peacock Hotel, Dar es SalaamThe event will feature – Mobile Money Inclusion Summit designed for the industry stakeholders and Financial Inclusion Exhibition – showcasing financial products and services offered by Insurance Firms, Banks, Mobile Money Operators, Pensions Funds and Lending Firms. Read More |
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| OFW Remittances in First Five Months at US$7.9 Billion
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| Sri Lanka
LOLC-Lanka ORIX Finance begins trading on 7th July 2011 | | | Member Spotlight | | Business Alliance Works for All
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| | MIS Usage at MFIs: Pan-India Study BWTP Bulletin June 2011 |
|  by Arjun Kashyap The present paper studies the progress of Management Information Systems (MIS) usage amongst Indian Microfinance Institutions (MFIs) since a previous survey (conducted in October 2009), which had uncovered a low understanding of MIS. Significantly, the study found that MFIs are now not only well aware, but also enthusiastic about MIS, and investing in line with their operating budgets, with plans of increasing their expenditure on the systems even further. The study found that while MFIs lauded their MIS’ ability to produce myriad reports at the click of a button, they complained about the ever-changing reporting requirements (with investors, donors, and regulators constantly asking for different sets of reports), which made the MIS to underperform. This suggests that there is an urgent need for the standardisation of reporting requirements, something that currently does not exist within the industry. Click coverpage to download.
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| | Getting Beyond the 'Crisis' - Exploring Practitioner Perspectives on the Critique of Microfinance |
|  by Nina Nayar & Jamie Bedson The article is based on the views of BWTP Network members, who provide a practitioner perspective on the current issues in the microfinance industry, in particular the recent ‘crisis’ reported by the media in India and Bangladesh which has led to concerns about the future of the industry. The views expressed in this article are those of the authors and are supported by contributions from members of the BWTP Network who have provided their perspectives through an online survey and interviews. This article explores recent criticisms of the microfinance industry drawing on the opinion of members of the Banking with the Poor (BWTP) Network who are primarily practitioners. The article begins with a contextualisation of the microfinance industry including the diversity of stakeholders, the different development approaches and delivery models, and the broadened scope which goes beyond the provision of small loans, to include a range of credit products, deposit facilities, money transfers and insurance products, as well as the provision of non-financial services including enterprise development and social development programs. Click coverpage to download. |
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| | |  |  | The Banking With The Poor Network Secretariat
c/o The Foundation for Development Cooperation (Singapore) Ltd
#03-00, 63B Tanjong Pagar Road
Singapore 088484 Phone: +65 6438-4112 Email: info@bwtp.org | | | |
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