Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Livelihoods and Food Security Trust Fund (LIFT) Donates $4.5m to World Vision Myanmar for Microfinance Lending, Savings

The Livelihoods and Food Security Trust Fund, a Myanmar-based multi-donor trust fund, recently has donated a three-year USD 4.5 million grant to three organizations affiliated with US-based NGO World Vision, to aid approximately 100,000 people in gaining improved access to financial services. Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Seeks to Go Paperless with IBM MobileFirst Tablet System

SKS Microfinance Limited, a for-profit microfinance institution (MFI) headquartered in Hyderabad, India, recently partnered with IBM MobileFirst, the mobile division of US-based information technology company International Business Machines (IBM), in an effort to improve staff productivity in acquiring customers, completing loan disbursements and collecting repayments [1][2]. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Global Financial Development Report 2015/2016,” Published by the World Bank

“Global Financial Development Report 2015/2016,” published by the World Bank, September 2015, 211 pages, available at http://www.worldbank.org/en/publication/gfdr/report Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation Loans $340k in Local Currency to Senegal’s Mec Fadec, $930k to Tajikistan’s Humo & Partners

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has disbursed a local-currency, three-year loan equivalent to USD 340,000 to Mec Fadec, a Senegalese microfinance institution (MFI), and a one-year loan of USD 930,000 to Humo & Partners, a Tajikistan-based MFI. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $20m to Microfinance Institutions (MFIs) in Eurasia, Latin America, Tanzania

During December 2015, Austria’s C-Quadrat Asset Management issued loans worth the equivalent of USD 20 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Belarus, Bosnia and Herzegovina, Cambodia, Costa Rica, Ecuador, Moldova, Paraguay, Peru, Sri Lanka and Tanzania. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Mapping Pathways Out of Poverty; Marketing Insurance to Women; Sustaining Financial Inclusion in the Philippines

“Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015;” published by the Microcredit Summit Campaign; December 2015; available at: http://www.microfinancegateway.org/library/mapping-pathways-out-poverty-state-microcredit-summit-campaign-report-2015
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $300m in Equity in Postal Savings Bank of China (PSBC)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it has made an equity investment of USD 300 million in Postal Savings Bank of China (PSBC), a bank backed by the government of China. Continue reading

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MICROCAPITAL BRIEF: Nepal Rastra Bank Requires Microfinance Institutions (MFIs) to Create Client Protection Fund

Nepal Rastra Bank (NRB), the country’s central bank, recently announced that it is requiring microfinance institutions (MFIs) in the country to establish a “Client Protection Fund”[1] to which they must deposit 1 percent of their annual net profit. Continue reading

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MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $22m to Odeabank to On-Lend to Micro-, Small Enterprises (MSEs) in Turkey

The European Fund for Southeast Europe (EFSE), a Luxembourg-based fund that invests in the development of Southeast Europe and Central Asia’s financial sectors, recently provided Odeabank, a private deposit bank in Turkey, a loan of EUR 20 million (USD 21.86 million) to on-lend to micro and small-sized enterprises (MSEs) in Turkey [1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Acquires 15% Equity Stake in Myanmar-based Microfinance Institution (MFI) Fullerton Finance for $1.2m

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently announced that it has made an equity investment of USD 1.2 million in Fullerton Finance (Myanmar) Company Limited, a microfinance institution (MFI) that lends to micro-, small and medium-sized enterprises (MSMEs) and low-income individuals in Myanmar. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $13m to Microfinance Institutions (MFIs) in Ecuador, India, Kenya, Mauritius, Nicaragua, Romania

During November 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 13 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Ecuador, India, Kenya, Mauritius, Nicaragua and Romania. Continue reading

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MICROCAPITAL BRIEF: Microcredit Regulatory Authority (MRA) of Bangladesh Regulates Fixed Assets of Microfinance Institutions (MFIs)

The Microcredit Regulatory Authority (MRA), a Bangladeshi government authority that oversees the operations of nongovernmental organization (NGO) microfinance institutions (MFIs), reportedly has regulated investments in fixed assets by microfinance institutions (MFIs) in the country. Continue reading

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MICROCAPITAL BRIEF: Babyloan, Total Partner to Develop Crowdfunding Platform to Offer Microfinance for Solar Energy Equipment in Africa, Asia, Latin America

Babyloan, a French online microfinance intermediary that works in both developed and developing countries, and Total, a French energy company, recently announced plans to develop a joint crowdfunding platform that will seek to “accelerate access to energy” in Africa, Asia and Latin America. Continue reading

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MICROCAPITAL BRIEF: Base of Pyramid Asia (BOPA) Raises Equity Stake in Alliance for Microfinance in Myanmar (AMFIM) from 33% to 49%

Base of Pyramid Asia (BOPA), a Singapore-based equity investor in small microfinance institutions (MFIs) in Asia, recently purchased an additional equity stake of 16-percent in Alliance for Microfinance in Myanmar (AMFIM), a deposit-taking microfinance institution (MFI) that was launched in Myanmar in 2014. Continue reading

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SPECIAL REPORT: How Microinsurance Affected Mongolian Herders Rebuilding After Drought

European Microfinance WeekAt European Microfinance Week yesterday, Veronika Bertram-Hümmer of Deutsches Institut für Wirtschaftsforschung Berlin (the German Institute for Economic Research) and Leibniz Universitat Hannover presented research on how insured and uninsured herders in Mongolia recovered from the 2009-2010 drought that killed 22 percent of the livestock in the country. Insured households received an average payout of USD 312. None used the money to buy livestock, instead opting Continue reading

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MICROCAPITAL BRIEF: Reserve Bank India (RBI) Eases Microfinance Interest Rate Norm to Allow Cheaper Loans to Members of Scheduled Castes (SC) Earning Less than $2.50 Per Day

The Reserve Bank India (RBI), the nation’s central banking authority, has eased the maximum allowance of a variance of 4 percent between minimum and maximum interest rates on loans by microfinance institutions (MFIs) in order to encourage the provision of cheaper loans to those members of Scheduled Castes (SC), historically disadvantaged people in India, who earn less than double the international poverty line defined by the United Nations (UN) as USD 1.25 per day. Continue reading

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MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Awards Small Finance Bank Licences to 10 Microfinance Institutions (MFIs)

The Reserve Bank of India (RBI), the central banking authority of the country, recently has given “in-principle approval”[1] of the requests for Small Finance Bank Licences of the following microfinance institutions (MFIs): Jaipur-based Au Financiers, Jalandhar-based Capital Local Area Bank, Ahmedabad-based Disha Microfin, Chennai-based Equitas, Chennai-based ESAF Microfinance and Investments, Bengaluru-based Janalakshmi Financial Services, Guwahati-based RGVN (North East) Microfinance, Chennai-based Suryoday, Bangalore-based Ujjivan and Varanasi-based Utkarsh. Continue reading

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MICROCAPITAL BRIEF: Fidelity Information Services (FIS) Launches “Banking on Demand” Management Information System in India, Targeting Microfinance Institutions (MFIs), Other Small Financial Services Companies

Fidelity Information Services (FIS), a US-based banking and payment technology provider, has launched “Banking on Demand,”[1] a service that uses “shared technology infrastructure”[1] to allow financial services companies to manage their operations without establishing their own banking infrastructure. Continue reading

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