In his opening remarks, European Investment Bank President Werner Hoyer emphasised that: Microfinance
is a powerful tool for helping local communities increase their resilience even under the most difficult circumstances.
Unfortunately, western donors are reluctant to provide funding to the Islamic microfinance
industry which is diminishing its potential growth.
After completion of all the relevant formalities by the bank, SBP has issued a nationwide microfinance
Banking license to Apna MFB to operate at national level microfinance
bank limited (former Network Microfinance
Bank Limited-operating in the District of Karachi).
In a statement, the central bank said, 'The Central Bank of Kenya (CBK) has granted a licence to Choice Microfinance
Bank Limited to carry out community microfinance
In early 2011, an informal group of industry leaders met to discuss the state of the microfinance
sector as it matures and encounters new challenges.
Bank Nigeria was created in 2012 and started operating in Oyo state Nigeria in February 2013.
It may be recalled that the Microfinance
Credit Guarantee Facility is a credit enhancement facility to attract marketbased and longterm finance for microfinance
The minister stressed that the strategy approved by the State gave women 50% of total size of microfinance
, pointing out that the Central Bank of Sudan admitted that the percentage is currently only 25% of the size of the targeted funding, praising the great success achieved by women in the field of microfinance
, commending the study and its outputs, stressing pressing forward in evaluating the impact of social projects for women to empower them politically, socially and economically.
Through the Lebanon Investment in Microfinance
, the International Executive Service Corps is helping to build the capacity of microfinance
institutions and providing capital through grants that create jobs and promote economic growth in Lebanon.
In this dire economic environment, microfinance
has become increasingly prevalent in Yemen since it kicked off in 1997.
Better off households tend to benefit more from microfinance
initiatives than poorer ones.
Historically, most MENA microfinance
programmes date from the mid-1990s, but the sector has made little headway in the region.