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2012 Annual Conference and the 1st African SPM Conference
from 24/09/2012 to 29/09/2012
Kampala (Uganda)
The Africa Microfinance Network (AFMIN) will organize its 11th Annual Conference
and the 1st African SPM Conference in Kampala, Uganda, from September 24th to 29th, 2012
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Microfinance Regulation and Supervision
Regulating and supervising microfinance has become increasingly important as microfinance activities have grown throughout the world. In the past, microfinance was typically provided by a limited number of semi-formal and informal actors, including not-for-profit institutions, cooperatives, moneylenders, and other informal groups. Today, microfinance providers include multinational banks and other large deposit-taking financial institutions.
The telecommunications revolution is also opening the door to microfinance for other entities. Mobile network operators and payment service providers are starting to offer small-value electronic services to poor clients. Ordinary people are using online companies such as Kiva and Microplace to invest in microenterprises on the other side of the world.
Microfinance needs to integrate into the formal financial system to reach the hundreds of millions of people who still lack access to affordable financial services. However, the formalization of microfinance faces many challenges. Microfinance products have different costs and risk profiles from other financial products, so laws and regulations may need to be adjusted accordingly. Formal institutions must comply with many laws and regulations that are aimed at ensuring institutional and financial system strength and soundness, safeguarding customers’ deposits, preventing consumer fraud, money laundering and terrorist financing, and proper disclosure of product costs and terms.
Resources :
Micro-Insurance Regulation in the Indian Financial Landscape
Making Insurance Markets Work for the Poor: Microinsurance Policy, Regulation and Supervision – South Africa Case Study
Bester, H., Chamberlain, D., Hendrie, S., Hobden, T., Hougaard, C.& Smith, A., CGAP Working Group on Microinsurance, 2009 Assessing regulatory and non-regulatory drivers in the evolution of microinsurance
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Microfinance Regulation Curtail Profitability and Outreach?
Helping the Needy: Factors Influencing the Development of Microfinance in Barbados
What are the challenges faced by the microfinance sector within the Caribbean?
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Micro-Insurance Regulation in the Indian Financial Landscape
