Category Archives: Microfinance

Speakers announced for RESULTS National Conference

Plans for this year’s RESULTS National Conference, taking place over the weekend of 9-11th April, continue apace. After the updates we have given over the last few weeks are pleased to announce some of our guest speakers, and that we have released the booking forms.

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Microfinance in St Paul’s Cathedral

On Tuesday night while RESULTS members were being introduced to the functionality of our new website, RESULTS Executive Director Aaron Oxley was chairing a meeting in the crypt beneath St Paul’s Cathedral titled “Christian Microfinance: Distinctively Different?”

The event was jointly organised by the Microfinance Club UK and the St Paul’s Institute and kindly sponsored by Stewardship.

The speakers at the event included three representatives of major Christian Microfinance organisations: Tom Sanderson from Five Talents, Makonen Getu from Opportunity International and Stephen Lockley from the World Vision microfinance arm, VisionFund. They all spoke about their various organisations and how they see microfinance, as provided by Christian providers, as something different from what secular organisations provide. Continue reading

10 million Bangladeshi microfinance clients rise above the poverty line

We’re excited to be able to share the news that according to a report released by the Microcredit Summit Campaign today, nearly 2 million Bangladeshi households involved in microfinance – including nearly 10 million family members – rose above the $1.25 a day threshold between 1990 and 2008.

The survey of more than 4,000 Bangladeshi households, led by Sajjad Zohir of the Dhaka-based Economic Research Group, found that a dramatic number of families moved out of poverty between 1990 and 1997, but that a massive flood in 1998 and the food and fuel crisis of 2008 were the likely cause for millions of families to fall below the $1.25 a day threshold during that later period.  Even with these setbacks, on net nearly 10 million people rose above the poverty line. Continue reading

Microfinance Inquiry: Call for Evidence Reminder

As you will have seen from previous posts, the APPG on Microfinance (which RESULTS supports) is holding an inquiry looking at how Donors and the UK Government should seek to contribute to the microfinance field, with a particular focus on how microfinance tackles poverty. The APPG plans to provide recommendations to the Department for International Development (DFID) based on its findings.

Anyone who would like to contribute is very welcome to make a submission – details are on the APPG website. The final deadline for submissions is next Friday the 14 January 2011.

Microfinance controversies: should international aid support microfinance?

Recent media coverage of microfinance has focused largely on scandals surrounding the microcredit industry in Andhra Pradesh, India. Outlets from the BBC to the Financial Times to the Sydney Morning Herald have run stories about the implosion of the microfinance industry in Andhra Pradesh, and just today another article has appeared in the Guardian’s Poverty Matters Blog. So what really happened, and is it representative of the microfinance industry as a whole? Continue reading

APPG Microfinance launches inquiry into the impact of microfinance on the poor

Over the past 30 years, the microfinance sector has grown and diversified massively. There are now many different actors providing financial services to the world’s poor. Some institutions focus on tackling poverty through microfinance, where others have a stronger focus on profits – and most microfinance institutions fall somewhere between the two extremes. The variation in microfinance models has led to increasing debate about the ultimate aims of microfinance; who it should target and how it should be administered.

RESULTS UK hosts the Secretariat for the All Party Parliamentary Group on Microfinance. This group is concerned with how microfinance might be used to reduce poverty among the global poor. As part of the APPG’s work in 2011, they are conducting an inquiry in order to tackle the questions that have arisen from this diversification, in particular, whether microfinance institutions need to be intentional about improving the welfare of their clients in order to have an impact on poverty alleviation. It will look at the the way in which Donors and the UK Government should seek to contribute to the microfinance field and provide recommendations to the Department for International Development (DFID) based on its findings. Continue reading

Christian Microfinance: Distinctively Different?

RESULTS Executive Director Aaron Oxley has been asked to chair an event at the Microfinance Club UK in mid-February 2011. The event is called “Christian Microfinance: Distinctively Different?” and the goal of the evening is to explore just what makes organisations that are motivated and informed by the Christian  faith different from other microfinance providers and how they are different.

Speakers include Tom Sanderson from Five Talents, Makonen Getu from Opportunity International and Stephen Lockley from World Vision International. It will be held in the Wren Suite at St Paul’s Cathedral and promises to be a lively conversation. Aaron himself worked for Opportunity International for many years so will be ensuring that the panel doesn’t dodge any challenging questions that get asked and will be creating the space for the panel to explore, explain and expand on their special contribution to the field.

If you have not been to a Microfinance Club UK event before, the first time you attend is free but you need to register your attendance on their website. You can find details on becoming a member of the club there too.