Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: High Court of Indian State of Andhra Pradesh Upholds Microfinance State Law, Rejecting Microlenders’ Petitions

The High Court of the Indian state of Andhra Pradesh reportedly ruled to uphold the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Act, 2010, despite petitions brought by Indian microlender SKS Microfinance and other microfinance institutions (MFIs) seeking to have the law repealed. Continue reading

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MICROCAPITAL BRIEF: 31,000 Apply to Malaysian Government’s Interest-free Microcredit Program in First Phase

Malaysia’s Domestic Trade, Cooperatives and Consumerism Ministry (MDTCC) reportedly has announced that for the month of January 2013 approximately 31,000 hawkers and small traders had applied to borrow MYR 9.71 million (USD 3.14 million) through the government’s new microcredit scheme. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Microfinance in Myanmar Sector Assessment”; by Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen; published by CGAP (Consultative Group to Assist the Poor), International Finance Corporation

By Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen, published by CGAP (Consultative Group to Assist the Poor) and International Finance Corporation, January 2013, 43 pages, available at:  http://www1.ifc.org/wps/wcm/connect/d87bf8804e5aba9bad7dadfce4951bf6/Microfinance+in+Myanmar+Sector+Assessment-Final.pdf?MOD=AJPERES

This joint CGAP (Consultative Group to Assist the Poor) and International Finance Corporation (IFC) report reviews the current state of Myanmar’s microfinance sector and the challenges involved with its future development. Continue reading

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MICROCAPITAL BRIEF: Microfinance institutions (MFIs) in India’s Andhra Pradesh Face Difficulties Even After Loan Restructuring, “Survival of MFIs” Said to Hang on Court Decision Regarding State Law

Microfinance institutions (MFIs) in the Indian state of Andhra Pradesh reportedly are continuing to have difficulty repaying wholesale bank loans even after the restructuring of some of those loans after the downturn in microfinance that began in the region in 2010. Continue reading

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MICROCAPITAL BRIEF: Indonesia’s Excelcomindo Axiata Launches International Remittance Service

Excelcomindo (XL) Axiata, an Indonesian telecommunications subsidiary of Malaysia-based Axiata Group, reportedly has launched its “XL Tunai International Remittance” service, allowing customers to receive money transfers from 110 countries via text messages, a method known as short messages service (SMS). Continue reading

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MICROCAPITAL BRIEF: State Bank of Pakistan Issues License for U Microfinance Bank to Operate Nationwide

The State Bank of Pakistan (SBP), the nation’s central banking authority, reportedly has issued a national-level microfinance banking license to U Microfinance Bank Limited, a Pakistani microfinance institution (MFI) that was formerly known as Rozgar Microfinance Bank. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), Yes Bank to Create Fund for Small Businesses in India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with Yes Bank, a commercial bank headquartered in Mumbai, to establish a fund to support small businesses in northeast India. Continue reading

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MICROCAPITAL BRIEF: Pakistan Poverty Alleviation Fund (PPAF) Launches Weather-index Microinsurance in Khushab, Chakwal

The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership, reportedly has launched a weather-indexed microinsurance pilot project covering crop and livestock in the districts of Khushab and Chakwal. Continue reading

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MICROCAPITAL BRIEF: Senate Passes Bill Expanding Types of Foreign Entities that Can Invest Capital in Rural Banks in the Philippines

The Filipino Senate recently approved the third and final reading of a bill to amend the Rural Banks Act, a law governing the creation, organization and operation of rural lenders, to expand the range of foreign entities that can own shares in Filipino institutions licensed as rural banks. Continue reading

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MICROCAPITAL BRIEF: Suryoday Micro Finance of India Raises $3.8m from Lok Capital, Aavishkaar, HDFC

Suryoday Micro Finance Private Limited, an Indian microfinance institution (MFI), is reportedly seeking to increase its customer base by 1 million by 2014 and has raised INR 20 crores (USD 3.8 million) in capital from three of its investors: Aavishkaar Goodwell, a for-profit, Indian-Dutch joint venture; Lok Capital, a Mauritius-based microfinance investment vehicle; and the Housing Development Finance Corporation (HDFC), an India-based housing finance company. Continue reading

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MICROCAPITAL BRIEF: Indian Microlender SKS Microfinance Reports Profits After Seven Quarters of Losses

SKS Microfinance, an Indian microlender listed on the country’s National and Bombay Stock Exchanges, recently reported a net profit of INR 11.5 million (USD 209,000) for the quarter ending December 2012, the first quarterly profits for SKS Microfinance in two years. Loans disbursed rose 14 percent to INR 7.8 billion (USD 142 million). Continue reading

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MICROFINANCE EVENT: Women’s World Banking (WWB) Presents “Pacific Forum 2013: Building Microfinance,” February 28 – March 1, 2013, Auckland, New Zealand

Event Name: Women’s World Banking (WWB) Pacific Forum 2013 “Building Sustainable Microfinance: The Global-Local Experience”

Event Date: February 28 – March 1, 2013

Even Location: Pullman Hotel, Auckland, New Zealand Continue reading

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