South Asia, East Asia and Pacific | MicroCapital - Page 22
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Friday, August 24, 2012

MICROCAPITAL BRIEF: Ufone Purchases Rozgar Microfinance Bank, to Implement Branchless Banking in Pakistan

Ufone Global System for Mobile Communications (GSM), a subsidiary of Pakistan Telecommunication Company Limited, reportedly has purchased all of the shares of Rozgar Microfinance Bank, a Pakistani microfinance institution (MFI), as part of an effort to offer branchless banking throughout the country. Continue Reading »


Monday, August 20, 2012

MICROCAPITAL BRIEF: Thailand’s Government Banks May Refinance Microloans Via Mobile Banking

Thailand’s Ministry of Finance (MOF) reportedly is considering turning to mobile banking to help reduce over-indebtedness, which has been caused by a failure “to seek support from and convince unofficial money lenders to relieve debts,” according to a quote attributed to Deputy Finance Minister Viroon Tejapaibul. Continue Reading »


Tuesday, August 14, 2012

MICROCAPITAL BRIEF: Hindustan Unilever: Banks, Corporate Distribution Networks Can Increase Financial Inclusion in India

Hindustan Unilever (HUL), an Indian consumer goods company, reportedly released a statement saying companies can help increase financial inclusion because they “have a wider distribution network than any government agency as our products reach almost every village in the country.” Continue Reading »


Monday, August 13, 2012

MICROCAPITAL BRIEF: Grameen Bank Ordinance Seen as Power Grab by Bangladeshi Government, Bank Refutes Claims by Prime Minister of 45% Microloan Interest Rates

The cabinet of ministers of Bangladesh has reportedly approved an amendment to the ordinance regulating Grameen Bank, a Bangladeshi microfinance institution (MFI), that allows the bank’s chairman, Mr Muzammel Huq, to nominate a pool of three candidates from which a managing director of the bank will be chosen. Continue Reading »


Wednesday, August 8, 2012

MICROCAPITAL BRIEF: Taiwanese Banks Taishin, Chinatrust, SinoPac, Cosmos to Enter Chinese Microcredit Sector

Several Taiwanese banks reportedly have expressed interest in establishing microcredit companies in China after Taiwan’s Financial Supervisory Commission (FSC) relaxed regulations on such cross-border financial operations in July 2012. Continue Reading »


Monday, August 6, 2012

MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority (IRDA) of India Proposes Shop Owners be Allowed to Sell Microinsurance

India’s Insurance Regulatory and Development Authority (IRDA) reportedly has proposed in a draft set of Micro Insurance Regulations that propose shop owners should be allowed to sell microinsurance in order to increase the usage of insurance. Continue Reading »


Sunday, August 5, 2012

MICROCAPITAL BRIEF: Banking Production Centre’s SmartVista to Implement Banking Technology for Microfinance Institution Hattha Kaksekar of Cambodia

Hattha Kaksekar Limited (HKL), a Cambodian microfinance institution (MFI), has contracted Russia-based Banking Production Centre (BPC) Banking Technologies’ SmartVista, an electronic payments product provider, to implement electronic banking for the MFI. Continue Reading »


Friday, August 3, 2012

MICROCAPITAL BRIEF: Bangladesh to Establish Deposit Insurance Fund for Microfinance Institutions

The Microcredit Regulatory Authority (MRA) of Bangladesh will reportedly create a security fund for the benefit depositors of microfinance institutions (MFIs) in the country. Continue Reading »


Tuesday, July 31, 2012

MICROCAPITAL BRIEF: Securities and Exchange Board of India (SEBI) Seeks Comment on “Massive Campaign” Proposed as part of Draft National Strategy for Financial Education

The Securities and Exchange Board of India (SEBI) has proposed a draft National Strategy for Financial Education. Continue Reading »


Monday, July 30, 2012

MICROFINANCE EVENT: Asian Development Bank, Innovations for Poverty Action, Abdul Latif Jameel Poverty Action Lab Present “Impact and Policy Conference: Evidence in Governance, Financial Inclusion, and Entrepreneurship”, Bangkok, Thailand, August 30-September 1, 2012

Event Name: Impact and Policy Conference: Evidence in Governance, Financial Inclusion, and Entrepreneurship Continue Reading »


Monday, July 30, 2012

MICROCAPITAL BRIEF: Future Generali India Introduces Microinsurance For Rural Businesses

Future Generali India, a private general insurance company, reportedly has created a microinsurance product targeted at rural business owners in India. The policy, called Future Sampoorna Suraksha, covers certain assets and liabilities of a business, such as produce, pump sets and furniture. Continue Reading »


Friday, July 27, 2012

MICROCAPITAL BRIEF: Philippine Banking Network Reaches 9,050, Including “Branchless” Service Locations

Pawnshops, pharmacies and other storefronts are increasing financial inclusion in the Philippines by offering services such as bill payment and remittances. Continue Reading »


Thursday, July 26, 2012

MICROCAPITAL BRIEF: Indian Janalakshmi Financial Services Offers JanaOne “One-Stop” Shopping to Long-Term Customers

Janalakshmi Financial Services, an Indian microfinance institution based in Bangalore, recently launched the JanaOne initiative, aimed at providing customers a “one-stop-shop” for all their financial needs.  Continue Reading »


Wednesday, July 25, 2012

MICROCAPITAL BRIEF: Myanmar Caps Microloan Interest Rates at 17%, Germany’s Savings Bank Foundation for International Cooperation (SBFIC), Philippine’s CARD Fund Mingalar Myanmar, Myanmar Egress Microfinance Projects

Sparkassenstiftung fuer internationale Kooperation (Savings Bank Foundation for International Cooperation, SBFIC), a development organization that finances microfinance institutions (MFIs), and the Centre for Agriculture and Rural Development (CARD), an MFI in the Philippines, recently signed deals to begin microfinance projects with Mingalar Myanmar and Myanmar Egress, two NGOs in Myanmar. Continue Reading »


Wednesday, July 25, 2012

MICROCAPITAL BRIEF: Sthreenidhi of India to Disburse $82m in Education, Livelihood Promotion Loans

Sthreenidhi, an apex cooperative credit society set up in 2011 by the government of the Indian state of Andhra Pradesh, reportedly will disburse INR 450 crore (USD 81.6 million) for livelihood promotion and education and skill development loans. Continue Reading »


Tuesday, July 24, 2012

MICROCAPITAL BRIEF: Unable to Repay His MFI’s Debt, Sewa MACTS Federation CEO Commits Suicide in Andhra Pradesh, India

Two microfinance professionals in the Indian state of Andhra Pradesh reportedly have committed suicide after their microfinance institutions (MFIs) became insolvent. Continue Reading »


Tuesday, July 17, 2012

MICROCAPITAL BRIEF: Department of Trade and Industry to Allocate $66.8m for On-Lending via MFIs, Capacity Building for MSMEs in the Philippines

The Philippine Department of Trade and Industry (DTI) reportedly has released its budget proposal for 2013, which includes a PHP 2 billion (USD 47.8 million) incentive fund for microfinance institutions (MFIs) and a PHP 800 million (USD 19 million) capacity-building program for micro-, small and medium-sized enterprises (MSMEs). Continue Reading »


Friday, July 13, 2012

MICROCAPITAL BRIEF: Incofin Investment Management Invests $2.4m in Equity in Indian Annapurna Microfinance

Incofin Investment Management, a Belgian company that manages microfinance investment funds, has paid INR 13 crore (USD 2.36 million) for an equity stake of undisclosed size in Annapurna Microfinance Private Limited, a for-profit microfinance company based in the Indian state of Orissa. Annapurna has nearly 125,000 clients across 18 districts in Orissa and a loan book of INR 35.78 crore (USD 6.49 million).  Continue Reading »