Microfinance, Innovations, Sustainable Development - Customer

Technology: IBM predicts five big tech innovations coming by 2015

Gerard — Mon, 27 Dec 2010 16:21:00 GMT

IBM unveils its fifth annual "Next Five in Five" -- a list of innovations with the potential to change the way people work, live and play over the next five years. The Next Five in Five is based on market and societal trends expected to transform our lives, as well as emerging technologies from IBM's Labs around the world that can make these innovations possible.

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Omidyar Network Supports Innovations in Mobile Technology With Grant to Praekelt Foundation in Africa

Gerard — Thu, 09 Dec 2010 02:49:56 GMT

Omidyar Network announced an $825,000 grant to Praekelt Foundation to support its pioneering use of mobile technology to drive positive social change. Funded through Omidyar Network's Government Transparency investment area, the grant will be used to extend the Foundation's mobile technology platforms across Africa. Built to take advantage of rapidly growing mobile penetration throughout the continent, these mobile platforms will provide the technological foundation and infrastructure for a variety of initiatives focusing on healthcare, education, human rights and government transparency initiatives.

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Facebook co-founder Chris Hughes launches Jumo, social network for social activism

Gerard — Thu, 02 Dec 2010 03:09:05 GMT

Hughes, who left Facebook in 2007 to become the Obama campaign's director of online organizing, soft-launched Jumo last March. Jumo was designed to let users find, follow and support the causes important to them, and with 3,500 organizations on board at launch, would-be philanthropists should be able to find and follow something of interest upon joining.

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Microfinance India: Is Capping Interest Rates the Only Solution?

Gerard — Fri, 19 Nov 2010 03:39:54 GMT

Capping microfinance interest rates will hurt the poor. There are better ways to regulate the industry.

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Microfinance warns of collapse over credit freeze

Gerard — Sat, 30 Oct 2010 18:32:40 GMT

India’s microfinance industry has warned it is being pushed to the brink of collapse, as a result of a bank freeze on credit to microlenders triggered by a political crackdown. India’s commercial banks, which normally provide about $133m a week in credit to the microloan industry, have frozen those disbursals for the past two weeks, as companies wrestle with a backlash in one of their biggest markets, the state of Andhra Pradesh.

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The Five Best Mobile Apps Now in American Banks

Gerard — Wed, 29 Sep 2010 04:22:45 GMT

Lots of banks are getting on board with basic mobile banking this year, but there's not been too much innovation when it comes to functionality. A handful of banks are leading the way with widely available capabilities that set them apart from the pack.

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Vietnam: Central bank warned of illegal ATM fees, issuers to be punished

Gerard — Fri, 24 Sep 2010 05:08:30 GMT

Bank card issuers will be punished for collecting fees for inter-network ATM internal-network transactions that have not been approved by the State Bank of Viet Nam, said Ho Huu Hanh, a representative of the State Bank’s HCM City branch. Funds collected through these illegal fees would also be appropriated to the State budget, Hanh warned.

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Banks encouraged to target small businesses

Gerard — Sat, 18 Sep 2010 04:59:55 GMT

Thirty-five bankers and trainers from 15 institutions in Cambodia, Laos and Viet Nam yesterday participated in a training programme on building sustainable small and medium-sized banking operations in HCM City.

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Mobile payment users seen to reach 109 million

Gerard — Sun, 18 Jul 2010 22:04:04 GMT

Mobile payment users worldwide are forecast to increase 2.1 percent to 109 million by the end of 2010, a US-based research firm said in a report.

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Environmentally-Sound Tech Needed for Developing Countries

Gerard — Mon, 04 May 2009 21:01:41 GMT

The world's major greenhouse gas emitters gathered in Washington D.C last week, trying to lay the groundwork for a global deal to fight climate change, but progress was limited. The two-day major economies meeting on climate change was meant to pave the way for international talks in Copenhagen in December, seeking to forge a successor to the Kyoto Protocol, which expires in 2012.

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From Microfinance Into Microinsurance

Gerard — Sat, 25 Apr 2009 07:17:31 GMT

Insurers should think small to tap into one of their biggest opportunities for growth: serving poor people. The financial services industry is facing unprecedented challenges worldwide due to excessive risk-taking. Complicated investment vehicles, insufficient transparency and excessive swapping of credit default risk have had a severe and pervasive impact on confidence. The world's most advanced markets for financial services are reeling in uncertainty.

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ONE FOR ONE: TOMS Shoes Founder Blake Mycoskie Plans to Give Away 300,000 Pairs in 2009

Gerard — Wed, 15 Apr 2009 20:34:19 GMT

What happens when you travel to Argentina to learn how to play Polo? You start a sustainable and socially conscious shoe company. Of course... Well, that is exactly what happened to Blake Mycoskie, founder of TOMS shoes.

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Cambodia: Lenders see rise in bad microloans

Gerard — Wed, 01 Apr 2009 21:33:39 GMT

Cambodian microfinance institutions say economic crisis is taking its toll on the MFI sector and increasing the number of nonperforming loans to more than 1 percent. Microfinance lenders say the economic crisis is leading to higher rates of nonperforming loans in 2009. Last year, bad loans were just 0.67 percent of total lending.

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Nigeria: How the coming of credit bureaux will enhance operations of MFBs

Gerard — Mon, 30 Mar 2009 23:38:12 GMT

The problems associated with borrowing from microfinance banks (MFBs) by individuals and the cost of operations of the banks will soon be a thing of the past with the coming on board of credit bureaux in the Nigerian financial institutions. Since MFBs grant loan to financially active poor without collateral, it is possible for individuals who consider themselves smart to take loan from different banks with different information.

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Microfinance Leaders Join International Steering Committee of the Campaign for Client Protection in Microfinance

Gerard — Mon, 30 Mar 2009 23:30:42 GMT

In the face of major client protection failures in the mainstream financial sector, leaders of the microfinance industry came together this month seeking means to ensure that microfinance providers worldwide remain committed to serving their clients' best interests.

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Credit Bureaus: Can there be affordable and appropriate information sharing?

Gerard — Wed, 11 Mar 2009 20:11:16 GMT

Like the consumer lenders before them, MFIs are also beginning to see the value of sharing information. Yet, credit information markets are generally in their infancy in most developing countries, and if developed, are generally quite fragmented.

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Competitive Customer Banking Strategies in Africa by Joe DiVanna

Gerard — Tue, 10 Feb 2009 19:20:11 GMT

Joe DiVanna writes on competitive strategies in Africa banking. To be successful, African banks must learn to think like customers, spend time with customers and ascertain how banking can be used to facilitate today’s changing African lifestyles. The key is to change our perspective on banking and payments. Where bankers see transactions, customers simply see payments.

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The Bottom of the Pyramid

Blogger — Wed, 04 Feb 2009 20:08:26 GMT

In economics, the bottom of the pyramid is the largest, but poorest socio-economic group. In global terms, this is the four billion people who live on less than $2 per day.

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A star is born...

Gerard — Sun, 01 Feb 2009 23:56:40 GMT

Welcome to this blog about Microfinance, Innovations and Sustainable Development

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