Posts Tagged ‘Philippines’

Microfinance Focus, March 2, 2010: The 6th International Microinsurance Conference will be held in Manila, Philippines from Nov. 9-11, 2010, in association with the Munich Re Foundation and the Microinsurance Network supported by GTZ/BMZ, the Department of Finance of the Philippines and Georgia State University’s Center for the Economic Analysis of Risk, said a news release. Around 500 participants and experts from around the world are ... Full story

Microfinance Focus, Feb 18, 2010: The Monetry Board of Bangko Sentral ng Pilipinas (BSP) early this month approved the marketing, sale and servicing of micro-insurance products by rural, cooperative and thrift banks. This approval allows the network of nearly 3,500 rural, cooperative and thrift banking offices to serve as distribution points for authorized micro-insurance products offered by licensed insurance providers. Recent events like the super typhoons have ... Full story

Microfinance Focus, Feb 10, 2010:  Women’s World Banking, the global network of leading microfinance institutions and banks focusing on women empowerment, announced on Wednesday its first ever loan guarantee in Asia to support a $1.6 million loan by Standard Chartered Bank Philippines to WWB network member, CARD Bank in the Philippines. WWB pledged $500,000, which was leveraged more than three times, in its effort to promote ... Full story

By Naagesh Naaraayana Microfinance Focus, Jan. 20, 2010: ResponsAbility microfinance fund invested a total fo $123 million in 2009 despite the difficult economic environmen, of which $11.1 million was invested in December 2009, said its monthly report. In December,  the fund placed a total of $11.1 million via numerous small investments in twelve countries, including Kenya and the Philippines.  The fund, which was skeptical about Nicaraguan situation ... Full story

Microfinance Focus, Dec. 18, 2009:  IFC has signed its first risk-sharing facility agreement in the Philippines with the Bank of the Philippine Islands to enhance the bank’s lending for sustainable energy projects and help mitigate climate change. The risk-sharing facility with the Bank of the Philippine Islands, one of the country’s largest banks, will help mainstream sustainable energy finance to promote energy efficiency and renewable energy ... Full story