Initial public offerings (IPOs) are widely viewed as markers of commercial success. However, in the financial inclusion industry, IPOs are sometimes viewed with suspicion, if not alarm. This paper examines the 2016 IPOs of two Indian microlenders – Equitas Holdings and Ujjivan Financial Services – and how “hardwiring” their missions into their operations and […]
Please join us in welcoming Vitas Group as a new FIEC member! Vitas Group is a commercial holding company created by Global Communities as a long-term vehicle for fulfilling Global Communities’ mission in microfinance and small- and medium-enterprise finance. We got the chance to catch up with Fahmila Imam, Chief of Finance and Investments of […]
The MCWG produces a monthly summary of media portrayal of micro-finance and financial inclusion. These reports, also referred to as ‘Heat Maps’ aim to capture global news and portrayal of the industry. December 2015 Heat Map, available now for your perusal : https://fiecouncil.com/wp-content/uploads/2016/01/Dec-2015-Heat-Map-Tracker.xlsx
We’re really looking forward to our next FIEC meeting this April, April 12-13th 2016, hosted by Triodos, in the Netherlands! We hope that you and others from your institution will be able to join us for another two days of engaging discussions on the current and future standing of equity investing. In order to […]
Venture Lab has launched a new podcast- called VKast, which can be looked at by clicking the following link: https://soundcloud.com/accioninternational. On this podcast, Vikas Raj and executive producer Nancy Widjaja take listeners on a journey into the minds, emotions and histories of the company founders. The first episode features an interview with Ranjit Punja, CEO/Co-Founder of […]
The US-based Foundation for International Community Assistance (FINCA International) recently announced that it will offer microloans for retailers of “off-grid solar systems” serving African households with low incomes and no access to electricity. The goal is to reach 1.5 million individuals per year through 2019. FINCA has total assets of USD 1.3billion and serves 1.8 million clients through […]
In March 2015, MFTransparency announced that they will be shutting its doors.
Microfinance CEO Working Group posted a blog commending MFTransparency’s work and calling the industry to action on pricing transparency, the blog post can be found here.
Sustainability | Finance | Real Economies (SFRE, pronounced Sapphire) the Company, for which Enclude acted as designer, structuring advisor and placement agent, was launched in Paris in March (3.11.15). The announcement was made during the annual meeting of the Global Alliance for Banking on Values (GABV), Enclude’s client and the initiator of the fund. […]
LeapFrog invests US$25mn in AFB Mauritius Limited. A major new investment in the fintech space in Africa.
LeapFrog Investments is investing US$25m in AFB Mauritius Limited (“afb”). afb is a disruptive financial technology platform that offers life-changing financial tools to financially-excluded consumers and small businesses in sub-Saharan Africa. afb partners with mobile operators and retailers to reach this vast, untapped market. afb is growing rapidly, and already reaches some one million […]
We’re pleased to announce the recent release of the FIEC sponsored AfriCap Governance paper, which was published by Calmeadow and written by Grassroots Capital Management.
The recent publication, An Assessment of AfriCap Governance, focuses on the role governance played in the AfriCap fund’s successes and failures, while recounting the fund’s many challenges and its ultimate accomplishment. […]