Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Thailand’s Ministry of Finance Caps Microfinance Interest Rate at 3% Monthly, Sets Capital Requirement at $311k

Thailand’s Ministry of Finance has announced that beginning early in 2014, microfinance institutions (MFIs) will be able to apply for microfinance operating licenses from the Bank of Thailand, the country’s central bank [1] [2]. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: ANDE 2012 Impact Report; Microfinance Performance Evaluation; Status of Microfinance in Karnataka, India

“ANDE 2012 Impact Report”; The Aspen Institute; 2013; 39 pages; available at http://www.aspeninstitute.org/publications/ande-2012-impact-report

This document covers aspects of small and growing businesses including the barriers women business owners face in the marketplace. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Issues $165m in Bonds to Support Women-owned Businesses

The International Finance Corporation (IFC), of the World Bank Group, reportedly has issued USD 165 million in five-year, AAA-rated bonds to support women-owned businesses in emerging markets [1]. Continue reading

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MICROFINANCE PAPER WRAP-UP: “The State of Microfinance Investment 2013,” Published by MicroRate

MicroRate, a for-profit microfinance rating agency based in the U.S., has recently released its eighth annual survey of international microfinance investment vehicles (MIVs). Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $31m to Fullerton Credit to Support Small, Medium-Sized Enterprises (SMEs) in China

The International Finance Corporation (IFC), a member of the US-based World Bank Group, has announced an investment of CNY 186 million (USD 30.5 million) in Fullerton Credit (FC), a subsidiary of Singapore-based Fullerton Financial Holdings (FFH), to support financial access to small and medium-sized enterprises (SMEs) in western and central provinces of China [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $31m to Fullerton Credit to Support Small, Medium-Sized Enterprises (SMEs) in China Posted in Deals, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Government of Canada to Loan $85m to Dewan Housing Finance of India for “Green” Mortgages

The International Finance Corporation (IFC), a member of the US-based World Bank, and the government of Canada have partnered to loan USD 85 million to Dewan Housing Finance Corporation of India, a for-profit housing finance company, to finance “green” mortgages under the joint IFC-Canada Climate Change Program. Continue reading

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MICROCAPITAL BRIEF: Wholesale Microfinance Lender Ananya Finance for Inclusive Growth (Ananya) of India Raises Equity Capital of $2.86m from Women’s World Banking, Industrial Development Bank of India

Ananya Finance for Inclusive Growth Private Limited (Ananya), a non-banking financial company (NBFC) in India, has raised INR 180 million (USD 2.86 million) in equity capital from the Isis Fund of Women’s World Banking (WWB), a US-based network of 39 microfinance institutions (MFIs), and Industrial Development Bank of India (IDBI), an Indian public-sector bank [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Wholesale Microfinance Lender Ananya Finance for Inclusive Growth (Ananya) of India Raises Equity Capital of $2.86m from Women’s World Banking, Industrial Development Bank of India Posted in Deals, Key Players, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Triodos Investment Management of the Netherlands Sells Stake in Mongolian TenGer Financial Group to Orix, International Finance Corporation (IFC), Mongolyn Alt Group

Triodos Investment Management, a subsidiary of financial service provider Triodos Bank of the Netherlands, recently announced that it has sold the majority of its 13.5% equity stake in TenGer Financial Group, a Mongolia-based microfinance institution, through its Triodos-Doen and Triodos Fair Share Funds [1]. Continue reading

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MICROCAPITAL BRIEF: MicroEnsure, Telenor Pakistan, Jubilee Life Insurance Company to Offer Free Life Insurance to Prepaid Mobile Customers in Pakistan

The Pakistani arm of MicroEnsure, a UK-based microinsurance intermediary, has announced the launch of “Talkshawk Mohafiz Zindagi Beema,” a free mobile life insurance service, in collaboration with Telenor Pakistan, a unit of Norway’s Telenor Group. The insurance will be provided by Jubilee Life Insurance Company Limited, a Pakistani insurance provider [1]. Continue reading

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MICROCAPITAL BRIEF: “Alternate Dispute Resolution for Microinsurance” (ADReM) Introduced in Philippines to Mediate Disputes Out of Court

The Philippines Department of Finance (DOF) and the Philippines Insurance Commission (IC), the country’s insurance regulatory authority, have introduced an “Alternate Dispute Resolution for Microinsurance” (ADReM) system to resolve complaints regarding microinsurance claims outside the court system [1]. Continue reading

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MICROCAPITAL BRIEF: Micro Pension Foundation, Invest India Micro Pension Services, Visa Partner to Promote Savings by Low-Income Households in India

Micro Pension Foundation, an Indian nonprofit that helps low-income households gain access to microsavings products, and Visa Incorporated, a US-based payments technology company, reportedly are partnering to establish the “Micro Pension Financial Inclusion Lab” [1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $3m Equity Investment in Bina Usaha Keluarga (BUK) of Indonesia, Seeking to Triple Female Clients of Microfinance Institution Mitra Bisnis Keluarga Ventura (MBK)

Bina Usaha Keluarga (BUK), the Indonesia-based controlling shareholder of Mitra Bisnis Keluarga Ventura (MBK), a microfinance institution (MFI) in the same country, recently received an equity infusion of IDR 34.3 billion (USD 3 million) from the International Finance Corporation (IFC), a US-based international financial institution and a member of the US-based World Bank Group, to triple the number of female clients of MBK. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $3m Equity Investment in Bina Usaha Keluarga (BUK) of Indonesia, Seeking to Triple Female Clients of Microfinance Institution Mitra Bisnis Keluarga Ventura (MBK) Posted in Deals, Investment Funds, South Asia, East Asia and Pacific

MICROFINANCE PAPER WRAP-UP: “The International Bank of Bob,” by Bob Harris; published by Walker Publishing

“The International Bank of Bob;” by Bob Harris; published by the Walker Publishing Company, Inc.; March 2013; 400 pages, http://www.bloomsbury.com/us/the-international-bank-of-bob-9781620405222/

This book stems from the moment that US-based author Bob Harris met a group of South Asian day laborers while on assignment for ForbesTraveler.com in Dubai. Continue reading

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MICROCAPITAL EVENT: Access Development Services Hosts Microfinance India Summit 2013, December 9-10; Livelihoods India Conference 2013 December 11-12, 2013

Event Name: Microfinance India Summit 2013, Livelihoods India Conference

Event Date: December 9-10, December 11-12

Event Location: New Delhi, India Continue reading

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MICROCAPITAL BRIEF: Bagan Capital’s BC Finance Launches Microfinance Services in Myanmar

BC Finance, a wholly-owned subsidiary of Hong Kong-based private equity and advisory group Bagan Capital, recently launched its microfinance operations in Myanmar with the start of lending services in Bago, a region near the capital city of Nay Pyi Taw [1]. Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance of India Completes $50m Securitization

SKS Microfinance, an Indian microfinance institution (MFI), recently completed a securitization deal worth INR 3.21 billion (USD 50 million), selling microloan receivables to an undisclosed public-sector bank [1]. Continue reading

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MICROCAPITAL BRIEF: Aavishkaar Goodwell Invests $6m in Electronic Payment Services (EPS); 4,500 ATMs Planned for Rural India

Aavishkaar Goodwell, an Indian-Dutch joint venture that invests in development projects, reportedly has invested an additional INR 360 million (USD 6 million) in Electronic Payment Services (EPS), an India-based company that provides electronic payment systems to merchants in Asia. Continue reading

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MICROCAPITAL BRIEF: Hatton National Bank of Sri Lanka to Establish Microfinance Subsidiary

Hatton National Bank (HNB), a private commercial bank in Sri Lanka, has received approval from the Central Bank of Sri Lanka, the nation’s central banking authority, to establish a subsidiary that will manage HNB’s existing microfinance operations and “smallholder” agricultural finance services [1]. Continue reading

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