Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: India Post, Bharat Sanchar Nigam Partner to Provide Mobile Money Services

The Indian postal department, India Post, reportedly is partnering with Bharat Sanchar Nigam Limited (BSNL), a telecommunications company owned by the Indian government, to provide instant money transfers through cellular phones. Continue reading

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MICROCAPITAL BRIEF: Chinese Internet Companies Alibaba, Baidu Offer Financial Services Through Subsidiaries Yu’e Bao, Baifa

Internet companies in China reportedly are increasing financial inclusion through services such as Yu’e Bao, an online savings and investment product of e-commerce player Alibaba Group, and Baifa, an online “wealth management” product launched by search engine Baidu [1]. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Effectiveness of Microfinance in Cambodia; Scaling Up in Agriculture and Development; Mobile Savings in Ecuador

“AMK Cambodia – Have AMK loans helped its clients improve their overall wellbeing?”, published by Angkor Mikroheranhvatho Kampuchea (AMK); January 2014; 12 pages; available at https://www.incofin.com/sites/default/files/attachments/newsitems/Change%20Study_AMK_2014.pdf

This report explores the results of a five-year study of the effectiveness of Angkor Mikroheranhvatho Kampuchea (AMK), a Cambodian microfinance institution, in helping increase its clients’ livelihoods through microcredit services. Continue reading

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MICROCAPITAL BRIEF: Triodos Loans $9.6m to Microfinance Institutions Grameen Koota of India, Koperasi Mitra Dhuafa (Komida) of Indonesia

Triodos Investment Management, a subsidiary of Dutch Triodos Bank, recently disbursed local currency loans totaling the equivalent of USD 9.6 million to Grameen Financial Services Private Limited (Grameen Koota), a non-banking financial company (NBFC) in India, and Koperasi Mitra Dhuafa (Komida), an Indonesian microfinance institution (MFI) [1]. Continue reading

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MICROCAPITAL BRIEF: Industrial Development Bank of India (IDBI) Introduces Kiosk Banking in 3 Rural Indian Villages

The Industrial Development Bank of India (IDBI), a government-owned financial services company, reportedly has installed kiosk banking units in three rural villages in the Indian state of Maharashtra. Continue reading

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MICROFINANCE EVENT: Sankalp Forum to Host “Sankalp Unconvention Summit 2014” on Social Enterprise and Investment, April 9 – 11, 2014, Mumbai, India

Event Name: Sankalp Unconvention Summit 2014

Event Date: April 9 – 11, 2014

Event Location: Hotel Renaissance, Mumbai, India Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institutions Trident, Bhartiya Samruddhi Finance Limited (BSFL) May Close Due to Lack of Funds

Trident Microfin Private Limited, a microfinance institution (MFI) in India, reportedly may shut down operations after being denied a loan write-down and additional funding from a forum of 21 lenders in the Indian state Andhra Pradesh. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $150m to Yes Bank of India for On-lending to Women-Owned Micro-, Small, Medium-Sized Enterprises (MSMEs)

The International Finance Corporation (IFC), a multilateral development bank and member of the US-based World Bank Group, plans to loan USD 150 million to Yes Bank, a commercial bank based in the Indian city of Mumbai. Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl

Indian microfinance institution (MFI) Utkarsh reportedly has raised INR 75.8 crore (USD 12.2 million) through the issue of non-convertible debentures (NCDs) to Mauritius-based Unit Trust of India International Wealth Creator 4, a fund of UTI Asset Management Company of India; the Microfinance Enhancement Facility (MEF), an investment vehicle founded by the World Bank’s International Finance Corporation and German development bank Kreditanstalt für Wiederaufbau (KfW); and AAV Sarl, a fund structured by Switzerland’s Symbiotics to deploy investments belonging to that firm’s clients. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl Posted in South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Telecom Tata Docomo to Expand Mobile Money, Payments to Cover 15 Additional Cities in India

Tata Docomo, an India-based telecommunications provider, reportedly has announced plans to expand mRupee, its money transfer and payments service, to 15 additional cities in India. Continue reading

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MICROCAPITAL BRIEF: UK’s CDC Group Makes $16m Equity Investment as Part of $36m Package for Equitas

The CDC Group, a development finance institution owned by the UK government’s Department for International Development, has made an equity investment of USD 16 million in Equitas Holdings Private Limited (Equitas), a microfinance company based in Chennai, India [1]. Continue reading

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MICROCAPITAL BRIEF: Kotak Mahindra Bank Launches Financial Inclusion Programme for Amul Milk-Cooperative Members in West Bengal, India

Kotak Mahindra Bank, a private bank in India, has launched a financial inclusion programme in the Indian state of West Bengal that is aimed at members of 75 cooperatives that supply milk to Amul, the brand owned by the Gujarat Cooperative Milk Marketing Federation (GCMMF), a federation of 17 district-level cooperative unions with a combined membership of 3.18 million milk producers [1] [2]. Continue reading

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MICROCAPITAL BRIEF: Standard Chartered Bank Loans $5m to Cambodia’s Prasac for Microlending

The Indian unit of UK-based commercial institution Standard Chartered Bank (SCB) recently notified MicroCapital that it has disbursed a loan of USD 5 million to Cambodia’s Prasac, a microlender that seeks to support agricultural development. Continue reading

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MICROCAPITAL BRIEF: Hindustan Co-operative Bank (HCBL) of India Provides Bank Accounts to Beggars

Hindustan Co-operative Bank  (HCBL), a bank in India, recently announced that it is providing bank accounts to “beggars” and other poor urban residents such as rickshaw drivers and artisans in order to increase financial inclusion in the country. The bank has opened 160 accounts for beggars in the city of Lucknow since 2013 [1]. Continue reading

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MICROCAPITAL BRIEF: Standard Chartered Bank Loans $12m to India’s Bandhan Financial Services for Microenterprise Lending

The Indian unit of UK-based commercial institution Standard Chartered Bank (SCB) recently notified MicroCapital that it has disbursed a loan of INR 750 million (USD 12 million) to Kolkata-based Bandhan Financial Services, which offers loans for microenterprise and health emergencies. Continue reading

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MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Planning to Loan $10m to Bank Andara of Indonesia for On-lending to Microfinance Institutions (MFIs)

Dutch development bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) recently signed a letter of intent with Bank Andara (Andara), an Indonesian provider of retail and wholesale microfinance services, to provide a local-currency senior loan equivalent to USD 10 million for on-lending to local microfinance institutions (MFIs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Dutch Development Bank Nederlandse Financierings-Maatschappijvoor Ontwikkelingslanden (FMO) Planning to Loan $10m to Bank Andara of Indonesia for On-lending to Microfinance Institutions (MFIs) Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Accion Venture Lab Invests in Kenyan Mobile Money System Kopo Kopo, MeraDoctor of India

US-based nonprofit Accion has announced that its Accion Venture Lab, a USD 10 million investment vehicle that provides seed capital and management support to financial inclusion startups, has invested unspecified amounts of money in two companies: Kopo Kopo, a Kenya-based service that allows small businesses to accept customer payments through mobile phone; and MeraDoctor, which provides low-cost health insurance in India as well as 24-hour access to doctors by telephone that is intended to lessen health impacts by reducing delays in seeking care [1]. Continue reading

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MICROCAPITAL BRIEF: Reserve Bank of India Approves State-Run Savings Scheme for Poor People in West Bengal After Collapse of Saradha Group

The Reserve Bank of India, the country’s central banking authority, has approved a savings scheme in the state of West Bengal aiming to provide poor people a safe avenue to save money [1]. Continue reading

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