Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Draft Microfinance Institutions Bill in India to Moot Local Regulations, Allow RBI to Set Rate Cap, Establish Advisory Councils, Microfinance Development Fund

Indian Finance Minister Pranab Mukherjee has reportedly announced that he will propose a Microfinance Institutions (Development and Regulation) Bill in the current parliamentary session. Continue reading

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MICROCAPITAL BRIEF: Bangladesh-based BRAC to Expand Microfinance, Health, Education, Agricultural Projects in Tanzania

BRAC (formerly the Bangladesh Rehabilitation Assistance Committee), a Bangladeshi nonprofit development organization, reportedly has announced plans to expand “pro-poor development projects in health, education, microfinance, farming and livestock sector” in Tanzania within an unspecified timeframe. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: MIX Snapshot of Microfinance in Asia, How Social Entrepreneurs Spread Innovation, Impact of Thai Million Baht Village Fund

“2011 Asia Regional Snapshot;” published by the Microfinance Information Exchange (MIX); March 2012; 19 pages; available at:
http://www.themix.org/publications/mix-microfinance-world/2012/03/2011-asia-regional-snapshot Continue reading

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MICROCAPITAL BRIEF: Business Standard Reports on “New Breed” of Small Indian Microfinance Institutions

A recent article in the Business Standard, an Indian financial newspaper, recaps a few highlights of the Indian microfinance industry in the year following the enactment of the Regulation of Moneylending Act in late 2010 in the Indian state of Andhra Pradesh. Continue reading

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MICROCAPITAL BRIEF: Japan International Cooperation Agency (JICA) Invests $2.6m in First MicroFinance Bank Limited-Pakistan (FMFB-P)

The Japan International Cooperation Agency (JICA), a development institution of the Japanese government, has signed a subscription agreement with the First MicroFinance Bank Limited-Pakistan (FMFB-P) to invest PKR 240 million (USD 2.6 million) in the microbank to assist in FMFB-P’s expansion of microfinance operations in Pakistan. Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Completes Securitization Deal Totaling $63m

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly has raised INR 321 crore (USD 63 million) from four undisclosed banks “by selling securities backed by pools of loans to woman borrowers outside its home state of Andhra Pradesh.” Continue reading

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MICROCAPITAL BRIEF: GABV Report: Microfinance Institutions, “Values-Based” Banks Stronger than Mainstream Banks

The Global Alliance for Banking on Values (GABV), a nonprofit network of 15 “values-based” banks, released a report it commissioned at its recent annual conference in the Canadian city of Vancouver, British Columbia, suggesting that values-based banks (VBBs), banks that prioritize social progress, are financially stronger than mainstream banks. Continue reading

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MICROCAPITAL BRIEF: Islamic Microfinance Loan Activity in Bangladesh Grows to $565m, 450k Borrowers

The Bangladesh Bank (BB), the central bank of the country, has announced that Islamic microfinance loan activity in Bangladesh has increased from BDT 282 crore (USD 34.5 million) in 2009 to BDT 4,620 crore (USD 565 million) in December 2011, representing an increase from 0.93 percent to 8.38 percent of total Islamic financing. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Peru as a Model for Microfinance Regulation; M-Pesa Mobile Banking E-book; and Geographic Analysis of Thai Enterprise

“Research Insight: Peru – Model Market for Microfinance;” by Christian Etzensperger; published by responsAbility Social Investments; March 2012; 9 pages; available at: www.responsability.com/domains/responsability_ch/data/free_docs/Research_Insight_Acces_to_Finance_in_Peru_EN.pdf Continue reading

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MICROCAPITAL BRIEF: France’s Groupe de Recherche et d’Échanges Technologies (GRET) Launches Health Microinsurance Pilot Project for Cambodian Garment Workers

French NGO Groupe de Recherche et d’Echanges Technologies (GRET), funded by the French Government’s Agence Francaise de Developpement, is piloting the Health Insurance Project (HIP), a program in Cambodia aimed at funding basic health care services for rural garment workers, reducing their vulnerability to unforeseen risks. Continue reading

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MICROCAPITAL BRIEF: India’s SKS Microfinance Responds To Associated Press Article on Suicides in Andhra Pradesh, Calls Allegations “Baseless”

In reference to the report ‘Lender’s own probe links it to suicides,’ by US-based news service Associated Press (AP), Indian microlender SKS Microfinance, has issued a statement expressing that the allegations that its lending practices may have contributed to customer suicides are “baseless” and simply re-state earlier allegations from 1.5 years prior. Continue reading

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