Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $2.2m in Microfinance Institutions CAURIE of Senegal, Thaneakea Phum Cambodia (TPC) of Cambodia

Grameen Credit Agricole Microfinance Foundation (GCAMF), an organization that provides financial services to microfinance institutions (MFIs) and social business projects, has agreed to disburse a XOF 700 million (USD 1.3 million) to Senegal MFI Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance (CAURIE). Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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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

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