Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta sees frequent floods in the rainy season, bin Juri may have a modicum of protection thanks to a low-cost insurance policy that he purchased this month. He is among millions of the world’s poor who are covered for natural disasters by cheap insurance, or microinsurance, as commercial firms recognise that insuring the poor is not just good public relations but also profitable.

Kiva President Premal Shah on the company's mission to fight poverty by lending to entrepreneurs. Video at Forbes.com

A new microfinance bill that was recently introduced in the Indian Parliament would remove the cap on microloan interest rates. Although there would be no cap on interest rates, the regulatory body would “advise” microfinance institutions to keep rates low and would “closely monitor” them, according to government officials.

The Microfinance Association (MA), an international membership organization for practitioners in the microfinance industry, has launched its Global Academy Program (GAP). The three-month program, developed by MA and Marconi University of Italy, is aimed at graduates seeking to develop a professional career in microfinance or international development.

Angel Acquisition Corp. ("Angel Acquisition Corp." or the "Company") (OTCBB: AGEL) announced today that the Company has signed a financing agreement with a Private Investor to partner with Angel's new micro financing, micro banking and micro lending network www.angelsinaction.tv

Microfinance, perhaps best known as a means of helping small business owners in developing countries move out of poverty, is one source already in place in the United States. These organizations make small loans and other financial services available to low- and moderate-income businesses.

Microfinance: Trading bread for briquettes—MFIs are a new type of charity. Just because the holidays are over doesn’t mean you have to give up on giving. While supporting traditional environmental charities is a wonderful way to make a difference, you might also want to consider giving to eco-oriented microfinance institutions (MFIs). An MFI differs from a traditional aid program in that it lends, rather than donates, money at a low interest rate, which allows people to invest in small scale entrepreneurial projects of their own choosing.

Bill and Melinda Gates announced plans Friday to invest $10 billion in the fight against a number of illnesses including AIDS and said the record donation could save nearly nine million lives. Speaking at the World Economic Forum in Davos, Switzerland, they said the 10-year program will focus on vaccines for AIDS, tuberculosis, rota virus and pneumonia.

Chairman of FirstBank Plc, Mr. Oba Otudeko recentlyaddressed the board and management of the bank. In the address, Otudeko who was recently elevated to the chairman of the board, pointed the way forward for the bank.

Time to market has been a well-worn mantra of the electronics industry. Unfortunately it’s been elevated to the level of panacea – and it’s not. Don’t get me wrong. Getting to market early is a good thing. It’s just not the stepping stone to success that it used to be. Today it’s just part of a much more complex equation. Electronics companies and designers need to solve the whole equation in order to survive and remain competitive as a new generation of electronics products begs for creation.

The Board and Management of Savannah Bank are taking bold steps to ensure that the bank opens its doors to customers within the 18 months period given by the Appeal Court, in February this year. The Court of Appeal had on February 5, in the case of Savannah Bank of Nigeria Plc vs Central Bank of Nigeria et al ordered the apex bank to restore the licence of Savannah. The court, however, put a caveat that Savannah Bank had to recapitalise to the tune of N25 billion and meet other regulatory conditions within the specified period, before it could commence operations...

Kiva.org -- the world's first person-to-person micro-lending website -- has launched a pilot expansion in the United States, allowing individuals anywhere to make small loans to U.S. entrepreneurs through the Kiva.org website.

Jewish & Palestinian Students Unite to Answer Obama’s Call to Action in Cairo by Launching Lending Site to Empower Entrepreneurs in the Middle East.

Founder of an international nonprofit, a speaker before the World Bank, Presidential Scholar, a veteran in microfinance, participant in a discussion with the Dalai Lama — the graduating senior from San Jose's Notre Dame High School has packed more into her slender years than most people do into a lifetime. And she's not yet 18.

Jacqueline Novogratz interviewed by David Serchuk (Forbes). Jacqueline Novogratz is the founder and chief executive officer of Acumen Fund, a nonprofit global venture fund that uses entrepreneurial approaches to combat global poverty.

Be sure to read Founder, Dana Dakin’s Story of how she traveled to Ghana in 2003 on the occasion of her sixtieth birthday to find a village and start a microlending program.

Women’s World Banking, Ghana, (IWWBG) arguably the most innova¬tive microfinance institution in Ghana has won an award at the recent Women's World Banking Global Network and Capital Markets meeting held in New York.

Microenterprise is an escape valve for social tension at times of crisis, and microbusinesses do a better job of weathering the storm than bigger companies because they are used to overcoming difficulties – a positive effect that is further multiplied when it involves women.

Land acquisitions are on the increase in Africa and other continents, raising the risk that poor people will be evicted or lose access to land, water, and other resources, according to the first detailed study of the trend. The study has been realized by the International Institute for Environment and Development (IIED) at the request of UN Food and Agriculture Organization and International Fund for Agricultural Development (IFAD). It warns that such deals can bring many opportunities (guaranteed outlets, employment, investment in infrastructures, increases in agricultural productivity) but can also cause great harm if local people are excluded from decisions about allocating land and if their land rights are not protected. The report highlights a number of misconceptions about what have been termed land grabs. It found that land-based investment has been rising over the past five years. But while foreign investment dominates, domestic investors are also playing a big role in land acquisitions.

A teacher by training, Lynne Randolph Patterson never expected to find herself at the helm of Pro Mujer, a multi-national financial services company.

The former prime minister is attracting wealthy donors to back his health and harmony projects. "The Blairs are using all their resources to tackle things they care about," said Sue Wixley of New Philanthropy Capital, a think tank that connects charities to donors. "In this case, the Blairs' resources are their contacts."

The Economist Intelligence Unit has released its latest world innovation rankings, which show China climbing up the ranks faster than other countries. But while the emerging markets are moving up the pecking order, the developed world still hogs the top spots. Japan and Switzerland remain first and second respectively. The report includes innovation predictions for the next five years, and more gains for the emerging world are expected. China, India and South Africa will continue to rise. Even so, Japan, the US and European countries such as Switzerland, Finland, Germany and Sweden are expected to retain their top-ten rankings in 2013.

This seaside city is known as a rich stockpile of art deco architecture, the hub of Morocco's economic growth and the setting of an all-time classic movie starring Humphrey Bogart and Ingrid Bergman. But Casablanca is also the capital of a bleaker aspect of modern Morocco -- sprawling slums, where huge families are packed into shanties with tin roofs rusted by the ocean winds, and goats and donkeys munch stray garbage.

Clickatell, messaging provider for financial services, has been selected by Fortis Microfinance Bank to provide SMS Receipts(TM) to thousands of retail banking customers throughout Nigeria.

Sean Moroney, chairman of AITEC Africa, whose core business since 1987 has been focussed on ICT publishing, event management, professional development and training in Africa, spoke to Hilary Okeke on the forthcoming AITEC Banking and Payment Technologies Conference and other issues.

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.

During The Aspen Environment Forum Her Majesty Queen Noor of Jordan presented the King Hussein Leadership Prize which recognizes outstanding leadership in promoting human rights, sustainability and world peace. And the winner was Bob Freling, Executive Director of an American non profit called SELF -- the Solar Electric Light Fund, which has been solar-powering villages around the world.

Governments bargain for “fair deals” that enhance development: Large mining operations in Africa have generated big profits for foreign companies, with little local benefit. Now governments are trying to harness more mining revenues for development purposes.

New research reveals that mobile financial services offer some of the best commissions in the world — threatening to knock toothpaste from its lofty perch as the most lucrative product for profit hungry merchants. CGAP, a global microfinance centre, has listed M-Pesa as the world’s biggest mobile banking success.

Microfinance – previously seen as an area bound to make perennial losses - is rapidly growing into one of the important asset classes that investors are hunting for. Even though there have been no dramatic developments since Parliament enacted the Microfinance Act two years ago in Kenya, it is turning out that this is one of the most lucrative areas of investment for both equity and debt investors.

A hive of social activity: where French entrepreneurs benefit from collective intelligence. After graduating, Charlotte Hochman worked with several grassroots organisations in India and Brazil, one of which was Village Action. She then launched La Ruche, or ‘The Beehive’ in English, a NGO that is open to anyone proposing an innovative solution to a social or ecological challenge...

Parminder Bahra, Times' correspondent finds doubts raised about the effectiveness of one of the big ideas in the fight against poverty.

The idea all began when Emeka Okafor mused aloud at ned.com, “While the ICT space has developed a head of steam in some parts of Africa… a ‘Maker Philosophy’ is yet to occur. I would be interested in getting a sense of everyone’s thoughts on a Maker type Faire within the continent… an event where Afrigadget type innovations,inventions and initiatives can be brought to life, supported,amplified,propagated etc.” This can be dangerous. Today, along with Afrigadget and the International Development Design Summit - and with a nod from Maker Faire - Maker Faire Africa is moving forward into planning stages for a summer 2009 kick-off.

Grameen Phone and its Village Phone Initiative is akin to a public pay phone microenterprise run by a rural woman. A Grameen Bank borrower uses their loan to become a Grameen Phone microfranchisee. The new business owner gains access to the branding, training, and partners of Grameen Phone. To date there are over 200,000 Village Phone operators in rural areas bringing increased access to regional markets, knowledge, and services to the rural poor.

Nobel Peace Prize winner Muhammad Yunus, known as the "banker to the poor" for making small loans in impoverished countries, is now doing business in the center of capitalism — New York City. Nobel Peace Prize winner Muhammad Yunus greets borrowers at a Grameen America open house at St. John's University in New York on Saturday.

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.

In recognition of Mother's Day (May 10, 2009), Calvert Foundation is undertaking a major "Honor Mom" campaign to channel new resources from investors and donors into international microfinance and microlending initiatives benefiting women, who are lifting themselves and their families out of poverty.

Forty percent of the world's population lives on less than $2 per day, according to the World Bank. Yet even in the midst of the current economic meltdown, there is reason for new optimism in the fight to reduce global poverty. The optimism starts with the evolution of microfinance, which has proved not only that the poor are credit-worthy, but that banking institutions serving the poor are investment-worthy. In addition, microfinance is tapping into a technological revolution that enables areas with deficient land phone service to leapfrog ahead to cellphones and broadband. And, as this takes place, both philanthropy and capital markets are paying careful attention.

U.S. President Barack Obama announced a new partnership of the Multilateral Investment Fund (MIF) at the Inter-American Development Bank (IDB), the U.S. Overseas Private Investment Corporation (OPIC), and the Inter-American Investment Corporation (IIC) for the purpose of launching a new Microfinance Growth Fund for the Western Hemisphere. The fund will provide stable medium and longer-term sources of finance to microfinance institutions and microfinance investment vehicles to help rebuild their capacity to lend during this difficult period and to increase the supply of finance for micro and small businesses as recovery takes hold.

The European Microfinance Platform [e-MFP] was founded formally in 2006. They are a growing network of approximately 100 organisations and individuals active in the area of microfinance. Their principal objective is to promote co-operation amongst European microfinance bodies working in developing countries, by facilitating communication and the exchange of information. They are a multi-stakeholder organisation representative of the European microfinance community. e-MFP members include banks, financial institutions, government agencies, NGOs, consultancy firms, researchers and universities.

The Innovation Fund is a special facility within EFInA that seeks to promote innovation in the development and deployment of financial services and thus expand financial access to the underserved population in Nigeria. EFInA will share the risk of developing and implementing new innovations by providing a grant subsidy (up to 50%) for new commercial projects.

The idea of an inter- bank market for microfinance banks is no doubt an interesting one. For starters, such a platform will provide an opportunity for increased mobility of funds among microfinance banking operators, thereby reducing the cost of funding and improving the net interest margin by providing these micro-credit banks with a solid funding base to address short and medium-term requirements. But as laudable as the initiative may be, it is not without challenges as regards effectiveness, considering that the microfinance institutions are spread haphazardly all over the country. This, surely, is unlike the money market association for commercial banks, which has about 24 branches with headquarters in Lagos.

Jessica Jackley, co-founder of Kiva, the world's first person-to-person micro-lending Web site, spoke at the Shell Auditorium April 14. Jackley was invited by Rebecca Richards-Kortum, Beyond Traditional Borders Director, as part of the Rice 360 initiative. Kiva, which means "agreement" or "unity" in Swahili, has helped nearly 500,000 lenders across the globe loan approximately $67 million to individual entrepreneurs from 45 developing countries since its founding three and a half years ago, the organization's Web site said.

About one third of the world's people spend nights in darkness, fearful of venturing out, unable to read, cook, sew or do anything else but sleep. But a business man in Houston, Texas named Mark Bent is on a mission to change that with flashlights that use the sun's energy to light up poor homes and villages at night.

“IF WE stop thinking of the poor as victims or as a burden and start recognising them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up.” That “simple proposition” begins a controversial new management book that seems destined to be read not just in boardrooms but also in government offices. “The Fortune at the Bottom of the Pyramid. Eradicating Poverty Through Profits” (Wharton School Publishing), is essentially a rallying cry for big business to put serving the world's 5 billion or so poorest people at the heart of their profit-making strategies.

Dana Air, Nigeria’s newest carrier, has been named the Best ICT-Driven Airline of the year at the National ICT Merit Award (NIMA) held at the prestigious Eko Hotel & Suites on Thursday, April 9, 2009. NIMA is an annual ICT award organised by Technology Africa in recognition of individuals and organisations who are at the forefront of technology deployment and adoption in the country.

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.

IEEE, the world's largest technical professional association and its members, are collaborating with organizations from around the world to educate and address key issues surrounding sustainability ranging from energy and resources both natural and man-made, to the technologies that are needed to overcome many of today's most pressing sustainability problems. IEEE is commemorating its 125th anniversary in 2009 by "Celebrating 125 Years of Engineering the Future" around the globe.

Two years after being launched as the first poverty-focused social business in the Arab world, Grameen-Jameel Pan-Arab Microfinance Limited (Grameen-Jameel) is celebrating significant milestones that are helping to transform microfinance’s impact across the Arab World.

JP Laurel Rural Bank is being transformed into a rural bank focused on microfinance

Unitus is deepening its commitment to East Africa by opening the Africa Microfinance Growth Centre, the first leadership development programme of its kind for early-stage microfinance providers in East Africa. The programme, developed in partnership with Financial Sector Deepening (FSD), will graduate CEOs and senior managers with improved strategy, leadership, and execution ability needed to rapidly grow their organizations and expand financial services to families living on less than $2 a day.

Many of the world’s life-changing conveniences wouldn’t be possible without utilities. Utilities provide water for drinking, cooking, and washing; and electricity to power everything from light bulbs to vacuum cleaners. But there is another service whose convenience also transforms lives by enabling economic livelihoods and supporting social relationships, but that does not enjoy the benefit of a utility’s delivery infrastructure: electronic cash payments. The notion of the payments utility may be a rather utopian view of how retail payments in developing countries could enable universal access to finance. Despite the attention, and even hype, that branchless banking has been getting in industry circles and in the media, there are still fundamental challenges – like understanding what drives customers, making the economics work for agents, providing accounts for all, and building workable business models. But it’s never too soon to start thinking big.

According to a report in the Financial Times and an article from the Microfinance Gateway, fledgling microfinance projects are helping to revive the Iraqi economy after years of public sector dominance, a decade of sanctions, and six years of violence. The US, and specifically its military, is actively involved in these microfinance schemes as part of its war on terrorism. The projects typically involve loans of a few thousand dollars given to people with between one and three employees. By the end of January 2009, the US had made 41,728 loans, totaling USD 59.7 million.

Dave Valle, a former Major League Baseball player for the Seattle Mariners, is the founder of microcredit agency Esperanza, whose mission is to help the poor in the Dominican Republic and Haiti start their own businesses. In addition to making loans, Esperanza has become active in community development: creating a school, computer training centers, a member-funded health care plan, a water treatment system, and a home improvement initiative. The organization has also spearheaded the construction of five baseball fields.

Newton Microfinance Institution is the leading private financial institution in Lao PDR. Their vision is to make sure that every Lao resident not only has access to but also benefits from the financial blessings globally enjoyed.

CGAP, a microfinance group based at the World Bank, is supporting WIZZIT Bank to deliver banking services to poor people in South Africa's small towns and rural areas. WIZZIT is a division of the South African Bank of Athens Limited.

MicroPlace (www.microplace.com), a website that enables everyday people to invest in the world's working poor, announced today the launch of the first microfinance investment opportunity that offers a 6 percent annual return for everyday investors.

Elmo? SpongeBob? A children's book by Wellesley's Katie Smith Milway is all about microfinance. And it's a hit.

Those most in need of new renewable technologies are often least able to raise the finance necessary to fund such development. Now, a new commodities exchange scheme is bringing renewables to the South Pacific using a novel rural payment method. Binu Parthan explains how the scheme works.

Cloud-computing technology has come along way. For example a single server can host several virtual servers on one machine. That is a simple example of cloud-computing. Cloud-computing is when any virtualised resources are provided as a service. This is expected to become a huge industry. And this is now concerning the Microfinance Institutions.

Parliament adopted a legislative report on a proposal to support the growth of microcredit institutions in the EU. The report drafted by Zsolt Laszlo Becsey (EPP-ED, HU) was approved by 574 votes in favour, 23 against and 12 abstentions.

WaterPartners projects are funded through grants, loans, or a combination of grants and loans. Our loan program is called WaterCredit, and is the first of its kind. The idea of building community-based water supply projects through a combination of grants and loans is new to the water sector. Until now, almost all water projects facilitated by other organizations have been funded entirely by grants, even when the individuals served by the project have the means to share costs.

Grameen Foundation has received Shs7 billion from the Bill and Melinda Gates Foundation to support agricultural technology, healthcare, and also improve access of information services by rural farmers in Uganda and Ghana.

Government policy responses to the global financial meltdown must focus on the role of women as economic agents in order to address the all-too-familiar trend of women and girls suffering disproportionately during times of economic crisis, speakers told the Commission on the Status of Women this afternoon as it held an expert panel discussion on the gender perspectives of the crisis.

Jacqueline Novogratz tells a moving story of an encounter in a Nairobi slum with Jane, a former prostitute, whose dreams of escaping poverty, of becoming a doctor and of getting married were fulfilled in an unexpected way.

Nobel Peace Prize winner Muhammad Yunus from Bangladesh earlier this week made a valiant call for a bailout package for the world’s poor. At a recent meeting in Tokyo, the microfinance guru warned that the global economic crisis will hit the world’s poorest people the hardest and that “there is no bailout package for them.”

About half of all African enterprises are owned by women. “We are not waiting. We are moving,” says Pilda Modjadji, a founding member of the Pankop Women Farmers Forum in Mpumalanga, South Africa. “We mean business.”

Small budgets can yield big gains with the help of high technology. Researchers expect interest and investments in microfinancing to grow significantly in coming years. A December 2007 report by Deutsche Bank Research predicts that U.S. institutional and individual investments in microfinancing will jump from $2 billion in 2006 to $20 billion in 2015.

Microcredit programs throughout the world are a means of giving low-income, even very poor, families a way to earn their own money and work their way out of poverty. These programs in Guam give small loans, or other financial services, for people who want to run their own small business, according to the Microcredit Summit Campaign.

Last year, despite the advancing global economic malaise, mobile financial services gained traction-particularly in developing countries. From enabling m-payments via SMS, to full internet banking via a smartphone browser, it looks like we'll be seeing a lot more mobile money in the future.

SKS Microfinance, the largest microfinance provider in India in terms of assets, is eyeing China as its next destination for expansion. The export-driven Chinese economy is reeling under the impact of recession due to the global meltdown. Several vocationally-trained employees have already suffered job losses.

More than 106 million of the world’s poorest families received a microloan in 2007, surpassing a goal set ten years earlier, according to a report released today by the Microcredit Summit Campaign. Microloans are used to help people living in extreme poverty start or expand a range of tiny businesses such as husking rice, selling tortillas, and delivering cell phone services to remote villages.

One of the major challenges confronting micro finance banks in Nigeria is the ability to maintain liquidity and give maximum satisfaction to customers. Managing Director of OPENGATE MFB Mr. Nureni Yusuf said that in order to break even, financial institutions must be willing to forecast their cash flow and manage a balanced treasury.

Microfinance is helping people escape poverty across the developing world. Are China’s would-be entrepreneurs getting the same help?

Microfinance refers to financial services provided to low-income people, usually to help support self-employment. By providing very poor families with small loans to invest in their microenterprises, Village Banking empowers them to create their own jobs.