Category: South Asia, East Asia and Pacific

MICROFINANCE EVENT: 3rd Sankalp Southeast Asia Summit; September 19 – 20, 2017; Jakarta, Indonesia

Event Name: Third Sankalp Southeast Asia Summit 2017: Local Problems, Global Solutions

Event Date: September 19 – September 20, 2017

Event Location: Hotel Bidakara; Jakarta, Indonesia

Summary of Event: The focus of the summit is to “strengthen Southeast Asia’s entrepreneurship ecosystem,” and the theme of this year’s iteration is “Local Problems, Global Solutions.” Discussions will address topics such as policy, health, energy, financial services and agriculture. Continue reading

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MicroFinanza Rating Announces Client Protection Certifications, Ratings in Asia, LAC

During May 2017, Italy’s MicroFinanza Rating (MFR), under license from the US-based Smart Campaign, determined that Kyrgyzstan’s Kompanion Bank and FINCA Pakistan have complied with the certification standards derived from the Smart Campaign’s seven client protection Continue reading

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MICROCAPITAL BRIEF: MBK Borrowing $15m from FMO to Grow Group Microfinance Loan Portfolio in Indonesia

Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution providing group loans to women in Indonesia, recently borrowed USD 15 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Netherlands-based development finance institution. This is the third loan FMO has provided to MBK Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank (ADB) Places $10m Equity Investment in Satin Creditcare Network to Support Microfinance for Women in Rural India

The Asian Development Bank (ADB), a Philippines-based multilateral institution, recently made an equity investment of USD 10 million in Satin Creditcare Network Limited, a for-profit Indian microfinance institution (MFI). The funding will be used to “expand and broaden” the institution’s services for unserved Continue reading

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MICROCAPITAL BRIEF: Vision Microfinance Funds of C-Quadrat Loan $45m in Countries Including Bangladesh, Cambodia, Tajikistan, Nicaragua

C-Quadrat Asset Management recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 45 million during April to unidentified providers of financial services in a range of countries including Cambodia, Nicaragua and Tajikistan as well as – for the first time – Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1]. Continue reading

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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $5m to Accion’s Early Dawn Microfinance to Support Women Entrepreneurs in Myanmar

The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan Myanmar-based Early Dawn Microfinance Company Limited USD 5 million. Dawn lends to low-income women in living in urban and peri-urban areas. Continue reading

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MICROCAPITAL BRIEF: Ant Financial, Emtek to Launch Mobile Payment Service in Indonesia

Ant Financial Services Group, a member of China’s Alibaba Group and the parent company of Alipay, and Elang Mahkota Teknologi (Emtek), an Indonesia-based media company, recently announced plans to launch a mobile payment platform in Indonesia. The new service will run on BlackBerry Messenger (BBM) Continue reading

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MICROCAPITAL BRIEF: Advans Myanmar Disburses First Group Microfinance Loan from Branch in Amarapura

The Advans Group, which operates a network of 10 microfinance institutions from offices in France and Luxembourg, recently opened the first branch of Advans Myanmar in the city of Amarapura. Advans Myanmar is offering loans of up to MMK 1 million (USD 740) to groups of three to six traders and salaried workers. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Sectoral Migration Among Microenterprises in Madagascar, Tanzania Postal Bank’s Popote Digital Financial Services, Insurance Regulation in the Philippines

“Financial Constraint, Entrepreneurship and Sectoral Migrations: Evidence from Madagascar,” by Pierrick Baraton and Florian Léon, published by Making Finance Work for Africa, July 2016, 50 pages, available at https://www.mfw4a.org/nc/knowledge-center/resources/documents/documents-details/file/financial-constraint-entrepreneurship-and-sectoral-migrations-evidence-from-madagascar.html

The authors of this paper analysed data from 3,017 micro- and small enterprises that were clients of a microfinance institution (MFI) in Madagascar between 2008 and 2014. Continue reading

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MICROCAPITAL BRIEF: India’s Microfinance Institutions Network (MFIN) Launches Financial Literacy App in 5 Languages

The Microfinance Institutions Network (MFIN), a self-regulatory organization of 53 Indian microfinance and non-banking financial institutions, recently launched a financial literacy app in English, Hindi, Marathi, Tamil and Telugu. The app offers users their credit histories, interest rates, payment cycles Continue reading

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MICROCAPITAL BRIEF: Dragon Capital, Ruby Hill Launching Microfinance Institution in Myanmar

Dragon Capital Group, a Vietnam-based investment company with operations in Asia and Europe, and Ruby Hill Financial, a Myanmar-based financial services provider, recently announced that they are launching a microfinance institution called Ruby Hill Microfinance in the city of Yangon. Ruby Hill Financial Continue reading

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MICROCAPITAL BRIEF: Iceland’s Creditinfo Launches Credit Bureau in Azerbaijan; 21 Local Financial Institutions Hold Equity Stakes

Creditinfo Group, an Iceland-based operator of credit reporting firms in 25 markets worldwide, recently launched a credit bureau in Azerbaijan that it co-owns with 21 financial institutions in the country. The International Finance Corporation (IFC), a member of the World Bank Group, participated in developing Continue reading

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MICROFINANCE EVENT: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion; May 22 – 23, 2017; Kuala Lumpur, Malaysia; Asian Banking School Training for Practitioners; May 24 – 26, 2017

Event Name: Global Symposium on Microfinance: Revolutionizing Microfinance: Insight, Innovation, Inclusion

Dates: May 22 – May 23, 2017

Location: Kuala Lumpur, Malaysia

Summary of Event: This symposium will consist of discussions and presentations on scaling up through innovative channels, deploying digital credit, design thinking, using “big data,” and credit risk assessment and risk management [1]. Following the symposium, the Asian Banking School is offering a three-day training Continue reading

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MICROCAPITAL BRIEF: Ant Financial, Ayala Buy Equity Stakes in Globe’s Mynt, Operator of the Philippines’ GCash, Fuse Lending

Ant Financial Services Group (Ant Fin), a member of China’s Alibaba Group, and Ayala Corporation, a Philippine conglomerate, recently announced their purchases of minority stakes in Globe Fintech Innovations, a financial technology (fintech) affiliate of Globe Telecom that uses the trade name Mynt. Mynt operates GCash, a mobile money Continue reading

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MICROCAPITAL BRIEF: World Bank Providing $130m for Financial Inclusion Effort in Pakistan

The government of Pakistan recently announced the start the Pakistan Financial Inclusion and Infrastructure Project with funding totaling USD 130 million from two arms of the World Bank, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Three Pakistani organizations will carry out the project: the Pakistan Microfinance Investment Company, a new organization funded by Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $46m, Largely in Asia, Panama, Tanzania

C-Quadrat Asset Management, an arm of Austrian fund manager C-Quadrat, recently informed MicroCapital that its Dual Return Vision Microfinance and Dual Return Vision Microfinance-Local Currency funds loaned a total approximately equivalent to USD 46 million to unidentified providers of financial services in Cambodia, India, Panama, Sri Lanka, Tanzania and Continue reading

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MICROCAPITAL BRIEF: Tala Raises $30m in Series B Equity from IVP, Ribbit Capital, Existing Investors to Expand Mobile Phone Microlending in Asia, Latin America

Tala, a US-based microlender serving East Africa and Southeast Asia via mobile phone apps, recently raised USD 30 million through its Series B equity round in order to expand its services into South Asia and Latin America. Tala provides loans between USD 10 Continue reading

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