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Home / Publications / E-Bulletin / 2009 |
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E-bulletin, May 2009
Information Summarizing the Results of the Russian Delegation's Visit to Brazil
On 3-9 May 2009 the Russian Government Delegation consisting of 5 people (the Ministry for Economic Development of the Russian Federation, the Ministry of Finance of the Russian Federation, the National Partnership of Microfinance Market Stakeholders (NAMMS), the non-commercial SME Organization "OPORA Russia") visited Brazil to learn the experience of regulation and supervision of the banking agents (correspondents), measures of state stimulation of microfinance, as well as general state policy implemented to raise the availability of financial services. The visit was organized by NAMMS and the Russian Microfinance Center (RMC). During the visit the delegation members had several meetings with the top management of the Brazil Central Bank, Brazil Minister for the planning and Brazil economic development, the Brazilian Development Bank (BNDES), where the general economic and financial situation in Brazil as well as various aspects of financial regulation and supervision were discussed. Also considerable attention was paid to the acquaintance with practical experience of bank correspondents and credit cooperatives.
Full text of the article is available at the RMC website: http://www.rmcenter.ru/about/news/detail.php?ID=2976.
Cooperation between NAMMS and the Russian Bank for Development - Development of the MFIs' Credit Capacity Evaluation Standards
On 21 May 2009 the meeting with the First Deputy Chairman of the Board of the Russian Bank for Development (RBD) Dmitriy Golovanov was held. Just now the Bank is close to receiving 30 billions of rubles to credit small and medium enterprise. Among other things, for micro crediting aims through the non-bank microfinance institutions the limit of 1 billion rubles for 2009 is meant for. The expected requirements of funds investment, in RBD opinion are for a term of up to 2 years at interest 15,5% per annum in rubles. RBD addressed the National Partnership of Microfinance Market Stakeholders (NAMMS) with a proposal of joint development of the MFIs' credit capacity evaluation standards concerning three types of institutions: 1. Funds for SME support. 2. Credit consumer cooperatives. 3. Commercial MFIs. The quality of development of cooperatives and other MFIs' credit capacity evaluation standards acquires very important meaning, especially in the light of estimated acceptance of the law project «About credit cooperation». To organize this work NAMMS is forming a working group to provide the maximal correspondence of the standards of participation in the RBD program to the possibilities and expectations of microfinance community. Training News
On 6-7 May 2009 the consulting training «New in Loan's Legal Regulation» was organized and held by RMC Legal Adviser Anna Baitenova in Barnaul on request of the Altay Territory Fund for credit consumer cooperatives development. This training was devoted to the issues of practical application of legislation modifications concerning loan and it was ever so topical for MFIs this year. More than 20 representatives of Altay Territory credit consumer cooperatives of citizens had a possibility to raise their qualification. On 26-29 May the open consulting training «Managing Delinquency and Establishing Interest Rates» was held in Moscow, where the representatives of three regions of Russia and Kyrgyzstan arrived. The training atmosphere was warm and friendly which encouraged close communication and exchange of experience between the participants. Please, contact Yelena Zakarzhevskaya, RMC Training Director, at ezakarzhevskaya@rmcenter.ru .
ANNONCE - New Training for State and Municipal Officials about Microfinance
We offer your attention a new program developed by RMC in cooperation with the Privatization and Business Higher School - Institute specially for state and municipal officials, which aim is to raise the awareness of local authorities about the peculiarities of microfinance market and about the possibilities to use it for small enterprise development in the region. The training is aimed at providing improvement of the local government bodies' employees' performance as related to small enterprise development by means of forming more favourable financial field and microfinance development on the municipal units territory. More detailed information on the training is available at the RMC website: http://www.rmcenter.ru/about/anons/detail.php?ID=2990.
ANNONCE - Benchmarking for Russian MFIs
In May 2009 RMC started implementing regular stage of the project «Benchmarking for Russian MFIs». The main aim of the project «Benchmarking for Russian MFIs» is to raise the transparency of separate MFIs and Russian microfinance market on the whole. With its support Russian MFIs can form its positive image on the international level, identify the strong and week points of its performance, compare themselves with other representatives of microfinance market, and as a result - to raise their investment attractiveness before donors and investors. About 45 largest MFIs participated in the project «Benchmarking for Russian MFIs» in 2008. Out of them 10 MFIs received external financing from various investors.
ANNONCE - Rating Initiative Program
On 19 September 2008 the Rating Initiative Program aimed at the evaluation and rating for MFI was started. The goal of this program is to support social and financial ratings. The program's budget comprises 3.4 millions euros for the future 4 years. Within the framework of this program about 140 MFIs will receive co-financing in the amount of 70% from the rating's cost. Any MFI which has functioned for 2 years as a minimum and has common actives in the amount of 150.000 euros can apply for this program to have a mini-rating, social and financial ratings.
For more information on benchmarking and ratings projects, please contact RMC Business Development Director Nadezhda Kim: nkim@rmcenter.ru.
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E-bulletin, May 2009 —