News and Press Releases

February 15, 2011

Al Amal Microfinance Bank of Yemen has been awarded US$104,000 under the Islamic Microfinance Challenge 2010, a partnership launched to encourage the reach of Islamic financial services to micro-entrepreneurs.

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December 8, 2010
In the midst of the microfinance crisis in the Indian State of Andhra Pradesh, CGAP CEO Tilman Ehrbeck has called for the microfinance delivery model to evolve to support healthy growth and the development of a broad range of products and services that poor people need. The global microfinance body today released a paper that analyses the ongoing situation in Andhra Pradesh, and discusses the way forward for poor people’s access to finance globally.
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November 16, 2010

Ground-breaking mobile and agent banking programs have enabled poor people from Kenya to the Philippines to access financial services for the first time. CGAP today announced a further three year commitment to take this innovative approach to millions more around the world.

October 26, 2010
A significant number of people using new technologies such as mobile phones to access financial services in developing countries are completely new clients for the financial services industry, according to new research by CGAP.
October 19, 2010

More than 200 researchers, practitioners and business leaders will convene in New York for a first look at new research results on the impact of microfinance. This new research follows on the tails of an initial report released in 2009 of the first ever randomized evaluations of microfinance, which sparked a debate over whether and how much microfinance is helping the poor.

October 13, 2010

A growing number of investors in microfinance globally are paying greater attention to environmental, social, and governance (ESG) priorities in their investment decisions, and are increasingly reporting on these issues to their own financial backers, according to a new survey by CGAP.

October 12, 2010
CGAP recognized three microfinance asset managers as being “best in class” for their commitment to environmental, social, and governance (ESG) issues in their investment decisions.
October 6, 2010
Groundbreaking study shows potential for microfinance institutions to serve small savers profitably through cross-selling, fees, and use of new technologies.
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September 28, 2010
The initial public offering (IPO) of Indian microfinance lender SKS marks a critical transition for microfinance, say the authors of a new CGAP paper, “Indian Microfinance Goes Public: The SKS Initial Public Offering” because it proves that accessing capital markets is a viable proposition for microfinance institutions.
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September 16, 2010

Even as economies globally were contracting as a result of the financial crisis in 2009, access to formal finance in developing countries grew. An estimated 2.7 billion people around the world have no access to formal financial services. But the picture of financial inclusion is shifting, finds a new report by CGAP and the World Bank Group.

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