His Highness Prince Karim Aga Khan on the most powerful force - Trust in People

His Highness Prince Karim Aga Khan on the most powerful force – Trust in People

Trust in people. Trust in people. It’s an extraordinary phenomenon of development that the most powerful force is people changing their own environment. What they need in many cases is the wherewithal to change. – His Highness Prince Karim Aga Khan, Aga Khan Agency For Microfinance inauguration – February 22nd, 2005 Geneva, Switzerland Watch the YouTube video below to see and hear His Highness speak … Continue reading His Highness Prince Karim Aga Khan on the most powerful force – Trust in People

How can financial services work best for the poor? | Guardian

Financial services can help transform livelihoods and economies in developing countries. Our panel offers 10 points key to reaching universal financial inclusion -snip- Joanna Ledgerwood, senior advisor, Aga Khan Foundation, Geneva Switzerland Governments play complex roles: For helpful information on the role of government in financial inclusion, see chapter 3 (on the role of government and industry in financial inclusion) and chapter 17 (on regulation) … Continue reading How can financial services work best for the poor? | Guardian

Aga Khan Agency of Microfinance: Case Study on Call Centre

At the First MicroFinance Institution Syria (FMFI-S) it was found that beside the branch network, FMFI-S had no other channels in place to sell its products and/or service to its clients. The institution decided that the set-up of a call centre would improve its service and eventually its outreach. International best practices have also shown that for the microfinance client target group, this channel can … Continue reading Aga Khan Agency of Microfinance: Case Study on Call Centre

Aga Khan Agency for Microfinance: Case Study on Remittances

Tajikistan has one of the lowest gross domestic products per capita among the 15 former Soviet Republics and nearly two-thirds of the population continues to live in poverty. In recent years, the economy has become heavily reliant on migrant remittances. More than 43 percent of Tajikistan’s GDP is made up by remittances. The average Tajik migrant is a 32-year old, male, who has three dependents, … Continue reading Aga Khan Agency for Microfinance: Case Study on Remittances

Aga Khan Foundation Canada hosting Workshop to Launch the New Microfinance Handbook – Carleton Centre for Community Innovation

Aga Khan Foundation Canada (AKFC) – in partnership with Carleton University’s School of Public Policy and Administration and The MasterCard Foundation – is delighted to invite you to the next event in the AKFC Seminars on Innovative Financing for Development. via Aga Khan Foundation Canada hosting Workshop to Launch the New Microfinance Handbook – Carleton Centre for Community Innovation. Related: World Bank’s The New Microfinance … Continue reading Aga Khan Foundation Canada hosting Workshop to Launch the New Microfinance Handbook – Carleton Centre for Community Innovation

World Bank’s The New Microfinance Handbook

By Joanna Ledgerwood. Currently head of Access to Finance for the Aga Khan Foundation in Geneva. This handbook addresses the need for increased financial inclusion by examining the financial market system, beginning with client needs. Foreward by Tom Kessinger General Manager Aga Khan Foundation and Reeta Roy President and CEO The MasterCard Foundation. https://openknowledge.worldbank.org/bitstream/handle/10986/12272/9780821389270.pdf Related: New Microfinance Handbook addresses the need to broaden microfinance’s reach Continue reading World Bank’s The New Microfinance Handbook

New Microfinance Handbook addresses the need to broaden microfinance’s reach

The term microfinance covers a multitude of financial service providers. Joanna Ledgerwood argues for an approach that recognises their distinctions and plays to their collective strengths. The Mountain Societies Development Support Programme (MSDSP), an NGO set up and supported by the Aga Khan Foundation in Tajikistan, is a good example of a market systems approach where a variety of financial initiatives work collaboratively. Launched as … Continue reading New Microfinance Handbook addresses the need to broaden microfinance’s reach

First MicroFinance Bank Pakistan and JICA Sign Agreement to Expand Access to Finance in Pakistan

Tokyo, 21 March 2012 – The Aga Khan Agency for Microfinance (AKAM) and the Japan International Cooperation Agency (JICA) signed an agreement today for the entry of JICA into the shareholding of the First Microfinance Bank (FMFB) in Pakistan, which is one of the largest microfinance banks in the country. This agreement will see JICA invest approximately US$ 2.23 million in new equity into the … Continue reading First MicroFinance Bank Pakistan and JICA Sign Agreement to Expand Access to Finance in Pakistan

First MicroFinanceBank Ltd (FMFB) marks 10th anniversary | Business Recorder

The First MicroFinanceBank Ltd (FMFB) has marked 10th anniversary. FMFB, an agency of the Aga Khan Development Network, is a leading bank established in 2002 as the first private sector micro-finance bank in Pakistan. It is licensed by the State Bank of Pakistan under the regulatory framework of the Microfinance Institutions Ordinance 2001. The Bank has played an instrumental role in reaching out to the … Continue reading First MicroFinanceBank Ltd (FMFB) marks 10th anniversary | Business Recorder

Citi Microfinance supports participation of microfinance and nonprofit institutions at Toronto International Microfinance Summit

TORONTO, Sept. 12, 2011 /CNW/ – Toronto International Microfinance Summit announced today that Citi Microfinance is providing $25,000 to enable the attendance of select representatives of microfinance and nonprofit institutions at its 2011 conference, taking place at Toronto’s Allstream Centre this month. In its third year, the Summit is comprised of two events: a fundraising Gala on September 16, followed by the micro way Conference … Continue reading Citi Microfinance supports participation of microfinance and nonprofit institutions at Toronto International Microfinance Summit

Aga Khan Agency for Microfinance – Case Study: Remittances

Tajikistan has one of the lowest gross domestic products per capita among the 15 former Soviet Republics and nearly two-thirds of the population continues to live in poverty. In recent years, the economy has become heavily reliant on migrant remittances. More than 43 percent of Tajikistan’s GDP is made up by remittances. The average Tajik migrant is a 32-year old, male, who has three dependents, … Continue reading Aga Khan Agency for Microfinance – Case Study: Remittances

Syria Today | Small Loans, Big Business: Can microfinance help solve Syria’s poverty problem?

Syria Today | Small Loans, Big Business: Can microfinance help solve Syria's poverty problem?“The aim is to improve the quality of life for the majority of Syrians who are denied access to mainstream financial services,” David James, chief executive of the First Microfinance Institution-Syria (FMFI-S), the country’s largest micro-lender and part of the Aga Khan Development Network

In towns and villages across the country, Syria’s small but growing band of microfinance institutions (MFIs) are going about their business, offering loans to the poor, the marginalised and the drought-affected. Continue reading “Syria Today | Small Loans, Big Business: Can microfinance help solve Syria’s poverty problem?”

Quake shattered her life, she stitched it back | Radio Netherlands Worldwide

Excerpt – The ladies of Sarai can be seen in new outfits these days – a novelty for a village that’s never had its own tailor before. After the earthquake, Naseera, her mother and four young siblings spent two years in a temporary camp living off uncertain charity. But their lives changed with a housing and micro credit scheme introduced by the Aga Khan Foundation. … Continue reading Quake shattered her life, she stitched it back | Radio Netherlands Worldwide