Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Fidelity Information Services (FIS) Launches “Banking on Demand” Management Information System in India, Targeting Microfinance Institutions (MFIs), Other Small Financial Services Companies

Fidelity Information Services (FIS), a US-based banking and payment technology provider, has launched “Banking on Demand,”[1] a service that uses “shared technology infrastructure”[1] to allow financial services companies to manage their operations without establishing their own banking infrastructure. Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank, Small Farmers Development Bank, Nepalese Government Commit $18m for Reconstruction after Earthquakes in Nepal, Including $7m for Microfinance

The Asian Development Bank (ADB), a multilateral development finance institution based in the Philippines; the Small Farmers Development Bank, a wholesale provider of credit to agricultural cooperatives and microfinance institutions (MFIs) in Nepal; and the Nepalese government reportedly approved a financial assistance package of USD 17.8 million for reconstruction, relief and preparedness for future disasters in Nepal following the earthquakes that hit the country in April and May 2015. Continue reading

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MICROCAPITAL BRIEF: Fidelity Information Services (FIS) Establishes Financial Inclusion Lab in India to Promote Entrepreneurship, Financial Literacy, Access to Financial Services

Fidelity Information Services (FIS), a US-based banking and payment technology provider, has established a Financial Inclusion Lab in Bengaluru, India. Continue reading

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MICROFINANCE EVENTS: Inclusive Finance India Summit, December 8-9, 2015; Livelihoods Asia Summit, December 10-11, 2015, New Delhi, India

Event Name: Inclusive Finance India Summit, Livelihoods Asia Summit

Event Date: December 8-9, and December 10-11, 2015, respectively

Event Location: The Ashok and Eros Hotels, New Delhi, India, respectively Continue reading

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MICROCAPITAL BRIEF: India’s Sohan Lal Commodity Management Raises $15m from Creation, Everstone for its Agricultural Lender, Kissandhan

Creation Investments Capital Management, which is based in the US city of Chicago, Illinois, recently informed MicroCapital that it and Everstone Capital, an investor with offices in India, Mauritius and Singapore, have invested a total of USD 15 million in equity in Indian agricultural logistics firm Sohan Lal Commodity Management. Continue reading

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MICROCAPITAL BRIEF: Commercial Bank of Ceylon, Ceylinco Insurance, Bima Launch Disability, Accident Microinsurance in Sri Lanka

Two firms based in Sri Lanka, Commercial Bank of Ceylon and Ceylinco Insurance, and Bima, a Sweden-based microinsurance service provider, recently launched an insurance program to protect microborrowers against permanent disability and accidental death. Continue reading

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MICROCAPITAL BRIEF: Cantilan Bank of the Philippines Wins $55k Giordano Dell’Amore Microfinance Best Practices Award for Value Chain Proposal

Cantilan Bank, a Philippine provider of microfinance and other financial services, recently won the “Microfinance Best Practices International Award” from Italy’s Giordano Dell’Amore Foundation for the bank’s “Pag-uma and Value Chain Financing” proposal, which includes a “gender-sensitive approach” to providing individual and group loans for small-scale farmers. Continue reading

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MICROCAPITAL BRIEF: Base of the Pyramid Asia (BOPA) of Singapore Invests $1m in Convertible Debt into Cambodian Microfinance Institution (MFI) Chamroeun

Base of the Pyramid Asia (BOPA), a Singapore-based equity investor in small Asian microfinance institutions (MFIs), recently reported to MicroCapital that it has disbursed USD 1 million in subordinated, convertible debt to Cambodian MFI Chamroeun Microfinance Limited. Continue reading

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MICROCAPITAL BRIEF: Singapore Management University, MasterCard Partner Academic Program on Social, Financial Inclusion

MasterCard, a US-based payments and technology company, recently formed a partnership with Singapore Management University (SMU) to establish an academic program on “Social and Financial Inclusion”[1]. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Appoints Nepal’s White Lotus Centre to Manage Business Oxygen Private Equity Fund to Invest in Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to support economic growth in developing countries, recently announced that it has appointed White Lotus Centre Private Limited, a Nepalese advisory firm which specializes in “private sector development, public communications and project management”[2], as the fund manager for Business Oxygen, a private equity fund in Nepal that was founded in 2012. Continue reading

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MICROCAPITAL BRIEF: LOLC Micro Credit, VisionFund, Kredit Microfinance Institution, Agence Francaise de Developpement Finance Home Solar Panel Purchases in Cambodia

LOLC Micro Credit, the microfinance arm of Sri Lanka’s Lanka Orix Leasing Company (LOLC); VisionFund International, a microfinance investor owned by US-based Christian nonprofit World Vision; and Kredit Microfinance Institution, a microfinance institution (MFI) in Cambodia, have agreed to partner on a program run by Agence Francaise de Developpement, the international development arm of the French government, to provide loans for purchases of home solar panels in Cambodia. Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Vision Microfinance Funds Loan $7m to Microfinance Institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan, Uzbekistan

During September 2015, Austrian asset manager C-Quadrat Asset Management issued loans worth the equivalent of USD 7 million via its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, Cambodia, Kenya, Kyrgyzstan and Uzbekistan. Continue reading

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MICROCAPITAL BRIEF: Japan’s Orix Corporation Acquires Additional 6% Equity in Cambodia’s Acleda Bank

Orix Corporation, a financial services provider based in Tokyo, Japan, recently announced that it has acquired a 6.25-percent equity stake in Acleda Bank, a commercial bank headquartered in Phnom Penh, Cambodia, that provides deposits and microcredit in Cambodia, Laos and Myanmar.

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SPECIAL REPORT: e-MFP Announces Finalists for $112k Sixth European Microfinance Award in Post-Disaster, Post-Conflict Areas & Fragile States: Crédit Rural de Guinée of Guinea, First Microfinance Institution of Syria, Taytay Sa Kauswagan of the Philippines

The European Microfinance Platform (e-MFP), a Luxembourg-based network of approximately 120 microfinance individuals and organizations, has announced that there are three finalists for the Sixth European Microfinance Award, which is themed “Microfinance in Post-Disaster, Post-Conflict Areas & Fragile States” for 2015 [1]. Continue reading

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MICROCAPITAL BRIEF: Perhimpunan Baitul Maal wat Tamwil Indonesia Implements Islamic Financial Empowerment Program Including Grants, Subsidized Loans, Market-Rate Credit

Perhimpunan Baitul Maal wat Tamwil (BMT) Indonesia, a financial cooperative coordinating 150 of Indonesia’s microfinance institutions that employ the BMT model of Islamic finance, has implemented a three-stage financial empowerment program that aims to benefit low-income individuals in the country. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $13m to Krygyzstan’s Optima Bank for On-lending to Micro-, Small, Medium-sized Enterprises (MSMEs)

The European Bank for Reconstruction and Development (EBRD), a multilateral investment institution headquarted in London, England, recently announced that it will loan the local-currency equivalent of USD 13 million to Optima Bank, a commercial bank headquartered in Bishkek, Kyrgyzstan.

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MICROCAPITAL BRIEF: IFC to Advise Government of Myanmar on Regulation; Small, Medium-sized Enterprises (SMEs); Financial Inclusion; Microfinance

The International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, recently signed a memorandum of understanding (MOU) with the Ministry of Commerce of Myanmar. Continue reading

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MICROCAPITAL BRIEF: Thailand’s JMT Network Services Establishes JP Finance Co Ltd to Offer Microfinance in Myanmar

JMT Network Services Public Company Limited, a debt collector and loan provider in Thailand under Jay Mart Public Company Limited, recently announced that the organization and unnamed partners aim to establish a joint venture, JP Finance Co Ltd. Continue reading

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