Category: South Asia, East Asia and Pacific

MICROFINANCE EVENT: BWTP, FDC, ADA, UNCDF, ADB to Co-host “Mekong Financial Inclusion Forum”, July 11-14, 2016, Phnom Penh, Cambodia

Event Name: Mekong Financial Inclusion Forum

Event Dates: July 11-14, 2016

Event Location: Intercontinental Hotel, Phnom Penh, Cambodia Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Lender Equitas Holdings Goes Public, Raising $330m

Equitas Holdings Limited, an Indian microfinance lender, recently opened its primary market sale. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financial Diaries of Small-Scale Farmers in Mozambique, Pakistan and Tanzania; Rural Finance in India; Questioning Fundamental Assumptions in Financial Inclusion

“Financial Diaries with Smallholder Families;” by J. Anderson, W. Ahmed; published by CGAP (Consultative Group to Assist the Poor); February 2016; 108 pages; available at http://www.cgap.org/publications/financial-diaries-smallholder-families

This report investigates the financial situations of 270 families in Mozambique, Pakistan and Tanzania and the challenges they faced pertaining to agriculture, finance, health and education. The authors offer the following recommendations: (1) non-commerical smallholders in Mozambique would benefit from improved agricultural production and crop storage methods; (2) Tanzanian households should diversify their savings methods; and (3) Pakistani farmers would benefit from tools that may improve their relationships with middlemen. Continue reading

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MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent. Continue reading

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MICROCAPITAL BRIEF: MetLife Foundation, Accion, Chinese Association of Microfinance (CAM) Launch Microfinance Management and Leadership Program in China

Accion, a US-based nonprofit providing microfinance services in Africa, Asia, and the Americas; the MetLife Foundation, the philanthropic arm of US-based insurance company Metlife; and the Chinese Association of Microfinance, a network of 92 microfinance institutions (MFIs) and other members, recently launched the International Microfinance Management and Leadership Program. This nine-month program comprises classroom lectures, monthly webinars and visits to microfinance institutions (MFIs) with the goal of teaching managers of Chinese MFIs how to expand the reach of their financial services. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: MetLife Foundation, Accion, Chinese Association of Microfinance (CAM) Launch Microfinance Management and Leadership Program in China Posted in South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Bank Negara Indonesia (BNI) to Distribute Funds from Government-Backed Kredit Usaha Rakyat (KUR) Microloan Program via Rural Banking Members of Perbarindo

Bank Negara Indonesia (BNI), a state-owned bank in Indonesia, recently signed an agreement with Perbarindo, an Indonesian association of rural banks, to support the government-backed microloan program Kredit Usaha Rakyat (KUR) channeling “subsidized loans” to micro- small and medium-sized enterprises. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Invest up to $200m in Equity in LeapFrog Investments

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently committed to investing up to USD 200 million in equity in Leapfrog Investments, a for-profit private equity fund based in Mauritius. Continue reading

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MICROCAPITAL BRIEF: FMO Completes $153m Syndicated Loan to Sri Lanka’s Commercial Leasing & Finance (CLC)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently served as lead arranger and facility agent to finalize a USD 153 million senior secured syndicated loan for Sri Lanka’s Commercial Leasing & Finance (CLC). Continue reading

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MICROCAPITAL BRIEF: United Nations Capital Development Fund (UNCDF), Alliance for Financial Inclusion (AFI) Partner to Advance Financial Inclusion in Association of Southeast Asian Nations (ASEAN) Region through Policy, Digital, Gender Modes

The Alliance for Financial Inclusion (AFI), a network of 124 financial policymaking institutions from developing and emerging economies, and the United Nations Capital Development Fund (UNCDF), a UN agency that works to increase access to microfinance and other forms of capital in developing countries, recently launched a strategic partnership to reinforce collaboration and knowledge exchange on financial inclusion issues within the 10 member countries of the Association of Southeast Asian Nations (ASEAN).

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MICROFINANCE PUBLICATION ROUND-UP: Trends in International Funding for Financial Inclusion; Inclusive Finance in India; Financial Regulation for Inclusion and Development in Latin America

“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf Continue reading

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MICROFINANCE EVENT: Microfinance Institutions Network (MFIN), South Asia Micro-entrepreneurs Network (SAMN) to Present “Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled;” March 8-9, 2016; New Delhi, India

Event Name: Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled

Event Dates: March 8-9, 2016

Event Location: Taj Palace Hotel, New Delhi, India Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Microfinance Institutions Network (MFIN), South Asia Micro-entrepreneurs Network (SAMN) to Present “Conclave 2016: Financial Inclusion to Sustainable Development: The Road Travelled;” March 8-9, 2016; New Delhi, India Posted in Events, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority of India (IRDAI) Extends Microinsurance Compliance Deadline to March 31, 2016

The Insurance Regulatory and Development Authority of India (IRDAI), the government agency charged with overseeing the country’s insurance market, recently announced that it has extended the deadline for insurance companies to withdraw non-compliant microinsurance products from their portfolios to March 31, 2016. Continue reading

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MICROCAPITAL BRIEF: Visa, China Foundation for Development of Financial Education, China Foundation for Poverty Alleviation to Promote Financial Literacy, Education

Visa Incorporated, a US-based payment technology company, recently announced partnerships with two organizations to promote financial inclusion in China: the China Foundation for Development of Financial Education (CFDFE), which is affiliated with China’s central bank, and the China Foundation for Poverty Alleviation (CFPA), a government-backed organization. Continue reading

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MICROCAPITAL BRIEF: Bangko Sentral Ng Pilipinas (BSP) Allows Micro-Banking Offices (MBOs) to Approve New Deposit Accounts

Bangko Sentral Ng Pilipinas (BSP), the central bank of the Philippines, recently authorized micro-banking offices (MBOs) of financial institutions to extend the range of “allowable activities” [1] with the aim of increasing financial inclusion in the rural parts of the country. Continue reading

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MICROFINANCE EVENT: Middle East Global Advisors (MEGA) to Host 2nd International Forum on Islamic Finance (IFIF), February 9-10, 2016, Khartoum, Sudan

Event Name: 2nd International Forum on Islamic Finance

Event Dates: February 9-10, 2016

Event Location: Al Salam Rotana Hotel, Khartoum, Sudan Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues $22m in Bonds to Benefit Indian Microfinance Institutions (MFIs) Annapurna, ESAF Microfinance and Investment (EMFIL), Satin Creditcare

Symbiotics, a Switzerland-based investment company that focuses on emerging markets, recently informed MicroCapital that it has completed bond transactions with a total value of USD 22 million. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: ING’s Billion to Gain: Geographic Variations in Microfinance Impact; Indian Mobile Wallet Market Growth; Profiting From Financial Inclusion

“A Billion to Gain? Microfinance Clients Are Not Cut from the Same Cloth,” by G. Hieminga, R. Budjhawan, S. Eriksen, I. Unger; published by ING Bank; November 2015; 8 pages; available at: http://www.ingcb.com/insights/research/microfinance-emancipating-the-worlds-poorest Continue reading

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MICROCAPITAL BRIEF: Symbiotics Completes Bond Disbursements Totaling $5.5m to Microfinance Institution Prasac of Cambodia

Symbiotics Group, a Swiss for-profit provider of investment and business services, recently issued the second tranche of a bond totaling USD 5.5 million to Prasac, a Cambodian microfinance institution (MFI). Continue reading

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