Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Wincor Nixdorf Deploys Automated Teller Machines (ATMs) in Bangladesh

Wincor Nixdorf, a Germany-based information technology (IT) provider reportedly has announced it is supplying banks in Bangladesh with automated teller machine (ATM) technology in an effort to increase access to financial services via the self-service channel. Continue reading

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MICROCAPITAL BRIEF: National Insurance Timor-Leste (NITL), Tuba Rei Metin, Moris Rasik Introduce Life Microinsurance Products

National Insurance Timor-Leste (NITL), an insurance company in the Democratic Republic of Timor-Leste, has partnered with local microfinance institutions (MFIs) Tuba Rai Metin and Moris Rasik to introduce regulated microinsurance products in the country. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financial Behavior in Latin America; Microfinance Reporting Technology; Evaluation of India’s Kshetriya Gramin Financial Services (KGFS)

“The Financial Behavior of Rural Residents: Findings from Five Latin American Countries;” by Jacqueline Urquizo; published by Accion; March 2012; 45 pages; available at: http://centerforfinancialinclusionblog.files.wordpress.com/2012/03/the-financial-behavior-of-rural-residents_march-2012.pdf Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation India Launches Newest Version of Progress Out of Poverty Index

Grameen Foundation India, a subsidiary of the US-based Grameen Foundation that promotes access to microfinance and technological services, has launched an iteration of the Progress Out of Poverty Index (PPI), a tool that measures poverty levels of groups and individuals, for India. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), BPI Globe BanKO to Develop Sustainable Energy Project for Microfinance Institutions in the Philippines

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with mobile-oriented Philippine bank BPI Globe BanKO “to develop microfinance that would help smaller businesses afford clean energy and energy-saving systems.” Continue reading

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MICROCAPITAL BRIEF: Nominations Open for Paeng Awards to be Given to Five Microfinance Institutions in the Philippines

The Rafael B Buenaventura Microfinance Resource Center Foundation (RBB Foundation), an institution in the Philippines that aims to develop sustainable microfinance through capacity building, will honor five microfinance institutions (MFIs) for their pioneering initiatives and exemplary work in its first awards ceremony on November 30, 2012. Continue reading

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MICROCAPITAL BRIEF: US Secretary of State Hillary Clinton Expresses Concern over Investigation of Bangladeshi Microfinance Institution Grameen Bank

US Secretary of State Hillary Clinton has expressed her support for Nobel Peace Laureate Dr Muhammad Yunus and urged the Bangladeshi government “not to undermine the independence of the Grameen Bank.” Continue reading

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MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas (BSP) May Broaden “Special” Program for Distressed Rural Banks as 3rd Straight Quarterly Rise Brings Bad Loan Ratio to 10%

Bangko Sentral ng Pilipinas (BSP), the central banking authority of the Philippines, has announced it is considering strengthening its Special Program for Rural Banks (SPRB), which lays out guidelines for assisting “distressed” rural banks. Continue reading

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MICROCAPITAL BRIEF: Citi to Buy 1.1m Tons of Carbon Credits from MicroEnergy Credits, Offsetting Cost of Efficient Heaters Financed by Mongolian Microfinance Institution XacBank

Citi Microfinance, a subsidiary of US-based Citibank that supports microfinance institutions (MFIs), and Citibank’s Environmental Products Trading and Organization Team recently announced a plan to buy 1.17 million metric tons of carbon credits from MicroEnergy Credits (MEC), a US-based for-profit firm that assists MFIs in launching clean-energy lending programs. Continue reading

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MICROCAPITAL BRIEF: Microfinance Growth Slows in Andhra Pradesh, Quickens in Other Indian States

According to a statement attributed to chief executive officer Mr Alok Prasad of Microfinance Institutions Network (MFIN), a trade association of 46 Indian microfinance lenders, the microfinance sector in the Indian state of Andhra Pradesh is expected to experience reduced growth for the financial year ending on March 31. Continue reading

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MICROCAPITAL BRIEF: Microinsurance Innovation Facility: Market Reaches 500m People, 60% in India

According to a report titled “Protecting the Poor a Microinsurance Compendium” that was recently published by the Microinsurance Innovation Facility, an initiative of the UN’s International Labor Organization (ILO) and Munich Re, a German reinsurance company, the total market for microinsurance reached 500 million people with the largest shares in India and China. Continue reading

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