Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru, the Philippines

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru and the Philippines. Continue reading

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MICROCAPITAL BRIEF: Indian Banks Deceptively Reduce Number of Zero-Balance Accounts Under Pradhan Mantri Jan Dhan Yojana Financial Inclusion Effort

Although the proportion of zero-balance bank accounts opened under India’s Pradhan Mantri Jan Dhan Yojana (PMJDY) program was reduced from 76 percent in January 2015 to 24 percent as of September 2016, it recently has been reported that this is not due to customer deposits. Continue reading

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SPECIAL REPORT: Rajnish Dhall of Micro Housing Finance Corporation, Mark van Doesburgh of Triple Jump Preview European Microfinance Week Session on Micromortgages, More

MicroCapital: How does housing finance differ from traditional microfinance?

Rajnish Dhall: In India, traditional microloans usually are: (1) sized less than USD 1,000; (2) targeted for productive assets; (3) priced at around 22 percent per year; (4) repaid within less than a year or two; and (5) carry a group guarantee in lieu of collateral. In contrast, the micromortgages that Micro Housing Finance Corporation (MHFC) offers first-time homebuyers: (1) average about USD 8,000 in size; (2) carry interest rates of about 12.5 percent per year; (3) usually have a term of 15 years; (4) are individual rather than group-based; and (5) most importantly, are secured with the home as collateral. While the audience is quite similar, the products are almost at opposite ends of the spectrum.

Mark van Doesburgh: The MicroBuild Fund (MBF) we manage for Habitat for Humanity Continue reading

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MICROCAPITAL BRIEF: Thailand’s Bank of Ayudhya (Krungsri) Acquires Cambodian Microfinance Institution Hattha Kaksekar Limited (HKL)

The Bank of Ayudhya (Krungsri), a Thailand-based subsidiary of the Bank of Tokyo-Mitsubishi, recently acquired 100-percent interest in Hattha Kaksekar Limited (KHL), a microfinance institution (MFI) based in Phnom Penh, Cambodia. Continue reading

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MICROCAPITAL BRIEF: BlueOrchard Launches $120m Japan ASEAN Women Empowerment Fund to Invest in Southeast Asian Microfinance Institutions

BlueOrchard Finance, a Switzerland-based commercial manager of “impact” investments, recently announced the launch of its Japan Association of Southeast Asian Nations (ASEAN) Women Empowerment Fund, which plans to invest USD 120 million in microfinance institutions (MFIs) focused on lending to female micro- and small-scale entrepreneurs in ASEAN countries. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Role of Impact Investing in Achieving UN Sustainable Development Goals; Microfinance Investment Vehicle Survey; Lessons from Tanzania’s Digitization Efforts

“Achieving The Sustainable Development Goals: The Role of Impact Investing;” published by The Global Impact Investing Network; September 12, 2016; 9 pages; available at https://thegiin.org/knowledge/publication/sdgs-impinv

This report profiles impact investors that have leveraged the United Nations (UN) Sustainable Development Goals (SDGs) for the following purposes: (1) as a framework to communicate their social impact goals; (2) to develop new or realign existing investment strategies and; (3) to attract capital from private investors that are new to impact investing. Continue reading

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MICROFINANCE EVENT: Micro, Small, and Medium-Sized Enterprises’ (MSMEs’) Access to Finance in a Digital Finance Era, October 19-20, 2016, Tokyo, Japan

Event Name: Micro, Small, and Medium-Sized Enterprises’ (MSMEs’) Access to Finance in a Digital Finance Era

Event Dates: October 19-20, 2016

Event Location: Asian Development Bank Institution, Tokyo, Japan  Continue reading

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MICROFINANCE EVENT: International Microinsurance Conference, November 15-17, 2016, Colombo, Sri Lanka

Event Name: 12th International Microinsurance Conference

Event Date: November 15-17, 2016

Event Location: Cinnamon Grand Hotel, 77, Galle Road; Colombo 03, Sri Lanka Continue reading

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MICROFINANCE EVENT: Executive Forum: Financial Inclusion and Islamic Finance, November 16-17, 2016, Kuala Lumpur, Malaysia

Event Name: Financial Inclusion and Islamic Finance

Event Dates: November 16-17, 2016

Event Location: Sasana Kijang, Kuala Lumpur, Malaysia Continue reading

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MICROFINANCE EVENT: Microfinance and Microenrepreneurship: A Glocal Perspective, October 26-27, 2016, Sonepat, India

Event Name: Microfinance and Microenrepreneurship: A Glocal Perspective

Event Dates: October 26-27, 2016

Event Location: Bhagat Phool Singh Mahila Vishwavidyala (BPS Women’s University), Sonepat, India Continue reading

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MICROCAPITAL BRIEF: Microfinance Institutions in Pakistan to be Registered as Non-Banking Financial Companies, Regulated by Securities and Exchange Commission

The Securities and Exchange Commission of Pakistan (SECP) recently announced plans to bring all non-deposit taking microfinance institutions (MFIs) and related nongovernmental organizations (NGOs) under the non-banking finance company (NBFC) framework in an effort to improve the regulation and monitoring of their activities. Continue reading

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MICROCAPITAL BRIEF: MicroSave Launches Telephone-Based, Online ePaathshala School for Microfinance Institution Staff, Clients

MicroSave, a for-profit consulting company based in India, recently launched ePaathshala, an educational program for both staff and clients of financial institutions. Continue reading

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MICROCAPITAL BRIEF: Australian Government, ANZ Bank, PFIP to Connect Solomon Islands’ Coconut Farmers to Mobile Banking

The Australian government; the Australia and New Zealand (ANZ) Bank, a publicly traded commercial bank; and the Pacific Financial Inclusion Program (PFIP), a Fiji-based initiative of the United Nations that attempts to extend financial services to unbanked Pacific Islanders, recently started a program with a budget of SBD 5 million (USD 650,000) to connect rural coconut oil producers, laborers, buyers and transport operators in the Solomon Islands with digital financial services. Continue reading

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MICROFINANCE EVENT: Inclusive Finance India Summit, December 5-6, 2016, New Delhi, India

Event Name: Inclusive Finance India Summit 2016

Event Date: December 5-6, 2016

Event Location: The Ashok Hotel, 50-B, Diplomatic Enclave, Chanakyapuri; New Delhi, Delhi 110021, India
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MICROCAPITAL BRIEF: Philippines Implementing Microfinance NGOs Act

Philippine officials recently finalized the implementing rules and regulations of the Microfinance NGOs Act, a measure signed into law on November 3, 2015, by then-President Beigno Aquino III that: (1) calls for the establishment of a microenterprise development strategy; (2) creates a microfinance NGO regulatory council that will accredit NGOs that offer financial services to microentrepreneurs and small-business owners. Continue reading

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MICROFINANCE EVENT: Global Symposium on Innovative Financial Inclusion, September 21-22, 2016, Kuala Lumpur, Malaysia

Event Name: Global Symposium on Innovative Financial Inclusion: “Harnessing Innovation for Inclusive Finance”

Event Date: September 21 – September 22, 2016

Event Location: Sasana Kijang, Number 2, Jalan Dato’ Onn, 50480, Kuala Lumpur, Malaysia Continue reading

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MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru, Romania, Including $3m for Education Lending

Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania. Continue reading

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MICROCAPITAL BRIEF: India’s Nandan Nilekani, Ratan Tata, Vijay Kelkar, R.Venkataramanan Announce the Start of New Microfinance Company, Avanti Finance

Nandan Nilekani, Co-founder of Infosys Limited; Ratan Tata, Chairman Emeritus of Tata Sons; Vijay Kelkar, Chairman of India’s National Institute of Public Finance and Policy; and R. Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust, recently announced the launch of Avanti Finance, “a technology enabled financial inclusion vehicle.” Continue reading

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