Jay Kumar
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Wednesday, February 10, 2010

MICROCAPITAL BRIEF: Finance Division of Larsen and Toubro to Extend Microfinance Lending Facility to Indian States of Gujarat and Orissa and Establish Insurance Program

The finance division of Larsen and Toubro, a publicly-held engineering and construction company, will extend its microfinance lending facility to Gujarat and Orissa, two states in North India. Continue Reading »

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Tuesday, February 9, 2010

MICROCAPITAL BRIEF: New Microfinance Bill in Indian Parliament Would Remove Microloan Interest Rate Cap

A new microfinance bill that was recently introduced in the Indian Parliament would remove the cap on microloan interest rates. Continue Reading »

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Tuesday, February 9, 2010

MICROCAPITAL BRIEF: National Association of Microfinance Banks (NAMB) to Embark on “Enlightenment Campaign” to Increase Knowledge of Microfinance in Nigeria

The National Association of Microfinance Banks (NAMB), an association of microfinance institutions (MFIs) in Nigeria, recently announced in Lagos, Nigeria, that it intends to embark on a campaign to increase knowledge of microfinance among potential clients in Nigeria. Continue Reading »

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Tuesday, February 9, 2010

MICROCAPITAL BRIEF: Financiera Independencia, a Mexican Microfinance Institution, Completes $65m Offering to Fund Acquisitions of Financiera Finsol and Finsol Brazil

Financiera Independencia, a Mexican microfinance institution, recently concluded an 85 million share capital increase. Continue Reading »

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Monday, February 8, 2010

PAPER WRAP-UP: Problems of Correlation in Financial Risk Management – the Contribution of Microfinance by Karel Janda and Barbora Svarovska

Written by Karel Janda and Barbora Svarovska of Charles University in Prague, MPRA Paper Number 19486, December 2009, published by the Munich Personal RePEc Archive (MPRA), available here: http://www.microfinancegateway.org/p/site/m//template.rc/1.9.41395 Continue Reading »

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Monday, February 8, 2010

MICROCAPITAL BRIEF: SKS Microfinance Selects SoftXpand Software

SKS Microfinance, India’s largest microfinance institution, recently chose desktop virtualization software SoftXpand to meet its computing needs. Continue Reading »

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Friday, February 5, 2010

MICROCAPITAL BRIEF: MicroVest Capital Management Announces Close of $60m Microvest II, a Microfinance Equity Fund

MicroVest Capital Management recently announced the closing of MicroVest II with USD 60 million in commitments. Continue Reading »

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Tuesday, February 2, 2010

MICROCAPITAL BRIEF: CDC Group Invests $10m in ShoreCap’s SCII Microfinance Fund for Africa and Asia

The CDC Group, a UK development finance institution, has committed USD 10 million to Shorecap International’s ShoreCap II (SCII) fund, which will invest in microfinance institutions in low-income African and Asian countries. Continue Reading »

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Tuesday, February 2, 2010

MICROCAPITAL BRIEF: Finance Department of The Philippines Estimates $54m Potential Annual Premium from Microinsurance Program

The Finance Department of the Philippines government recently estimated that, if all the recipients of government-led microfinance programs were covered, the premiums could yield around PHP 2.5 billion (USD 54 million) annually. Continue Reading »

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Tuesday, February 2, 2010

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) to Handover Debtors of Distressed Microfinance Banks to Economic and Financial Crimes Commission (EFCC) and Revoke Operating Licenses of Microfinance Banks That Have Closed Operations for More Than Six Months

An investigation by Vanguard, a newspaper in Nigeria, indicates that the Central Bank of Nigeria (CBN) is currently compiling names of individuals who have received loans from microfinance banks and have failed to repay those funds. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: MIX Releases MicroBanking Bulletin No. 19, Providing Insight Into the Impact of the Global Economic and Financial Slowdown on the Microfinance Industry

The Microfinance Information Exchange (MIX), a business information and data services provider for the global microfinance industry, recently released the latest issue of The Microbanking Bulletin, an industry journal of microfinance performance. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: Dhanlaxmi Bank Plans to Open 50 Customer Service Points (CSP) in Kerala, India, to Expand Microfinance Services

Dhanlaxmi Bank, an Indian bank in the state of Kerala, is expected to open 50 customer service points (CSP) in the near future to reach out to approximately 50,000 low-income individuals. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: Grameen Foundation Releases Version 1.4 of Mifos Open Source Microfinance Institution Management Software

Grameen Foundation recently released the latest version of Mifos, its open source software platform for microfinance institutions. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: Governor Uduaghan of Delta State Receives Central Bank of Nigeria’s Microfinance Award

The Central Bank of Nigeria (CBN) has given Governor Emmanuel Uduaghan of Delta State the country’s microfinance award. Governor Uduaghan received the award because his state’s microfinance initiative has seen the most promising results. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: Julia Kurney, Founding Partner of Senegal Ecovillage Microfinance, Launches Zidisha.org, a Nonprofit Organization that Reportedly Allows Peer-to-Peer Microcredit Lending

Julia Kurney recently launched Zidisha.org, a non-profit organization that reportedly allows for peer-to-peer (P2P) microcredit lending. Continue Reading »

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Monday, January 25, 2010

MICROCAPITAL BRIEF: Catamaran Venture Capital Fund to Invest in SKS Microfinance Ltd, an Indian Microfinance Institution Expected to Soon Launch an Initial Public Offering (IPO)

N R Narayana Murthy, founder and former CEO of Infosys, a global consulting and information technology services company based in India, will reportedly invest in SKS Microfinance Ltd, an Indian microfinance institution (MFI) expected to soon float an initial public offering (IPO). Continue Reading »

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Friday, January 22, 2010

MICROCAPITAL BRIEF: Cambodian Microfinance Association (CMA) Reports Poor 2009 Performance for Microfinance Institutions in Cambodia

The Cambodian Microfinance Association (CMA) recently reported that non-performing loans (NPLs) rose an estimated 2.3 percentage points in 2009, as profits from most microcredit lending firms fell by double digits. Continue Reading »

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Wednesday, January 20, 2010

MICROCAPITAL BRIEF: IFMR Capital Structures $6.5m Securitization of Microloans Originated by Four Microfinance Institutions in India

IFMR Capital recently completed a multi-originator securitization of micro-loans originated by Asirvad Microfinance Pvt Ltd, Sahayata Microfinance Pvt Ltd, Satin Creditcare Network Ltd and Sonata Finance Pvt Ltd. Continue Reading »

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