South Asia, East Asia and Pacific | MicroCapital - Page 32
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    Our pdf newspaper includes you everything you need to know about microfinance news, research, events and key players.

  • Supporters

» Currently browsing: South Asia, East Asia and Pacific


Tuesday, February 14, 2012

MICROCAPITAL BRIEF: Reserve Bank of India to Issue Guidelines For Interoperability Among Business Correspondents “Shortly”

The Reserve Bank of India (RBI) is working to enable interoperability among business correspondents (BCs) to promote financial inclusion in rural areas [1]. Continue Reading »

Share


Tuesday, February 14, 2012

MICROCAPITAL BRIEF: Unitus Labs Launches Unitus Seed Fund, to Invest in Small Anti-Poverty Enterprises in India

Unitus Labs, a US-based nonprofit that aims to reduce poverty via economic empowerment, has recently launched the Unitus Seed Fund, a venture fund that will invest in start-up enterprises in India. Continue Reading »

Share


Tuesday, February 14, 2012

MICROCAPITAL BRIEF: Dr Hans Dieter Seibel Calls for Liberalisation of Myanmar’s (Burma’s) Financial Sector; UK’s Department for International Development Commits $15m to Support Rural Microfinance

In an interview with the Myanmar Times newspaper, rural microfinance specialist Dr Hans Dieter Seibel discussed his views on Myanmar’s (Burma’s) financial sector and calls for a liberalized regulatory framework. Continue Reading »

Share


Monday, February 13, 2012

MICROCAPITAL BRIEF: China’s Leshan Bank Establishes “Pickle Bank” in Sichuan Province, Disbursing Microfinance Loans to Producer Groups

A branch of Leshan City Commercial Bank in China was established in August 2011 as a “pickle bank,” providing loans to micro- and small pickle enterprises. Continue Reading »

Share


Monday, February 13, 2012

MICROCAPITAL BRIEF: Microcredit, Microinsurance Client Numbers Rising in the Philippines

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has reportedly announced that the number of microfinance borrowers in the nation rose from 932,622 to 963,717 between September 2010 and June 2011, and the total of outstanding loans increased from PHP 6.53 billion (USD 148 million) to PHP 7.14 billion (USD 164 million) during the same time period. Continue Reading »

Share


Sunday, February 12, 2012

MICROCAPITAL BRIEF: Cambodia’s Microfinance Loans Increase by 42% While Non-Performing Loans Decrease from 1.3% to 0.4%

According to data cited by Cambodian newspaper, the Phnom Penh Post, for 28 of the 30 members of the Cambodian Microfinance Association (CMA), outstanding microloans rose 41.5 percent from 2010 to 2011, from USD 648 million to USD 916 million. Continue Reading »

Share


Saturday, February 11, 2012

MICROCAPITAL BRIEF: Bangladeshi Government Reportedly Seeking Control of Grameen Bank “Empire”

The government of Bangladesh reportedly is taking steps to assert control over some of the 48 firms affiliated with Grameen Bank, a microfinance institution that was founded in Bangladesh in 1976 by Dr Muhammad Yunus. Continue Reading »

Share


Friday, February 10, 2012

MICROCAPITAL BRIEF: Mexico, Indonesia, Haiti Use Tiered Savings Account Requirements to Promote Financial Inclusion

Mexico, Indonesia and Haiti are responding to the challenge of balancing financial access with security by creating tiered requirements for savings accounts. Continue Reading »

Share


Friday, February 10, 2012

MICROCAPITAL BRIEF: Lok Capital Closes Venture Fund, Lok II, at $65m

Lok Capital LLC, an India-based microfinance investment firm, has closed its second venture capital fund, Lok II, at USD 65 million. Continue Reading »

Share


Thursday, February 9, 2012

MICROCAPITAL BRIEF: Microfinance Credit Bureau, MiDAS, Launched by Microfinance Institutions in Philippines

Microfinance institutions (MFIs) Taytay Sa Kauswagan Incorporated (TSKI), Opportunity Kauswagan Bank, CARD Bank, CARD NGO, Negros Women for Tomorrow Foundation Incorporated, Ahon Sa Hirap and ASA Philippines signed a memorandum of agreement creating the Microfinance Data Sharing System (MiDAS) in January of this year after an initial pilot phase in 2011 [1]. Continue Reading »

Share


Wednesday, February 8, 2012

MICROCAPITAL BRIEF: Indian Finance Ministry Clears Draft Microfinance Bill, Considers Engaging Post Office Banks to Promote Financial Inclusion

India’s finance ministry reportedly has cleared the draft of a microfinance bill following its public circulation for comments in July 2011 [1]. Continue Reading »

Share


Monday, February 6, 2012

MICROCAPITAL BRIEF: Australia Funds Financial Education Curriculum Development Project (FinED) to Serve Fiji’s Primary and Secondary Schools

In 2012, the Financial Education in the Curriculum Development Project in Fiji (FinED Fiji) will be piloted at twelve local primary schools. Continue Reading »

Share


Monday, February 6, 2012

MICROCAPITAL BRIEF: Hong Kong Mortgage Corporation (HKMC) to Launch Pilot Microfinance Program in China

The Hong Kong Mortgage Corporation Limited plans to launch a three-year pilot microfinance program in mid-2012. The program would offer three types of loans: (1) micro-business start-up loans, with a maximum amount of HKD 300,000 (USD 38,700); (2) self-employment loans with a maximum amount of HKD 200,000 (USD 25,800); and (3) “self-enhancement” loans for education with a maximum amount of HKD 100,000 (USD 12,900). Continue Reading »

Share


Monday, February 6, 2012

MICROCAPITAL BRIEF: Indian Microfinance Institution Ujjivan Financial Services Raises $25m in Equity from FMO, Wolfensohn, LOK, IFIF, Sequoia, Unitus, Elevar

Indian microfinance institution (MFI) Ujjivan Financial Services has raised INR 127.9 crore (USD 25 million) in its fifth round of equity financing. Continue Reading »

Share


Friday, February 3, 2012

MICROCAPITAL BRIEF: Malaysian Chinese Association Launches $16.4m Microloan Fund to Train, Finance Entrepreneurs in Malaysia

In an effort to promote and train entrepreneurs, the Malaysian Chinese Association (MCA), a political party in Malaysia, launched a MYR 50 million (USD 16.4 million) microloan fund in January 2012. Continue Reading »

Share


Friday, February 3, 2012

MICROCAPITAL BRIEF: ICRA Raises Rating for Arohan Financial Services Pass Through Certificates For $1.4m Securitization of Microfinance Loans

ICRA, an Indian investment information and credit rating agency, has conditionally raised the rating of a pool of pass through certificates (PTCs) for loans provided by Arohan Financial Services Private Limited, an India-based microfinance institution. Continue Reading »

Share


Thursday, February 2, 2012

MICROCAPITAL BRIEF: Credit Bureau Cambodia Launched to Facilitate Information Sharing Among Banks, Microfinance Institutions

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA), two trade associations with a combined membership of 64 financial institutions, have formed a joint venture with New Zealand-based credit bureau developer Veda Advantage to launch the Credit Bureau (Cambodia) Company Limited (CBC), which will maintain a database of credit information intended to help banks and microfinance institutions (MFIs) in making “accurate loan decisions based on borrower’s positive and negative credit history” [1]. Continue Reading »

Share


Wednesday, February 1, 2012

MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Provides $2.71m Loan Guarantee to Cambodian Microfinance Institution Thaneakea Phum to Support Agriculture

The United States Agency for International Development (USAID) has signed a four-year agreement to provide a 50-percent guarantee on a loan of up to USD 2.71 million for Cambodian microfinance institution Thaneakea Phum (Cambodia) Limited (TPC). Sok Voeun, TPC’s chief operations officer, reportedly said that USAID “will support us in providing more loans to the agriculture sectors in the four provinces” referring to Kampong Thom, Pursat, Battambang and Siem Reap. Continue Reading »

Share