Category: South Asia, East Asia and Pacific

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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MICROCAPITAL BRIEF: Bangladesh to Establish Deposit Insurance Fund for Microfinance Institutions

The Microcredit Regulatory Authority (MRA) of Bangladesh will reportedly create a security fund for the benefit depositors of microfinance institutions (MFIs) in the country. Continue reading

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MICROCAPITAL BRIEF: Securities and Exchange Board of India (SEBI) Seeks Comment on “Massive Campaign” Proposed as part of Draft National Strategy for Financial Education

The Securities and Exchange Board of India (SEBI) has proposed a draft National Strategy for Financial Education. 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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Written by Comments Off on 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 Posted in Events, South Asia, East Asia and Pacific

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: Philippine Banking Network Reaches 9,050, Including “Branchless” Service Locations

Pawnshops, pharmacies and other storefronts are increasing financial inclusion in the Philippines by offering services such as bill payment and remittances. Continue reading

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MICROCAPITAL BRIEF: Indian Janalakshmi Financial Services Offers JanaOne “One-Stop” Shopping to Long-Term Customers

Janalakshmi Financial Services, an Indian microfinance institution based in Bangalore, recently launched the JanaOne initiative, aimed at providing customers a “one-stop-shop” for all their financial needs.  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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MICROCAPITAL BRIEF: Sthreenidhi of India to Disburse $82m in Education, Livelihood Promotion Loans

Sthreenidhi, an apex cooperative credit society set up in 2011 by the government of the Indian state of Andhra Pradesh, reportedly will disburse INR 450 crore (USD 81.6 million) for livelihood promotion and education and skill development loans. Continue reading

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MICROCAPITAL BRIEF: Unable to Repay His MFI’s Debt, Sewa MACTS Federation CEO Commits Suicide in Andhra Pradesh, India

Two microfinance professionals in the Indian state of Andhra Pradesh reportedly have committed suicide after their microfinance institutions (MFIs) became insolvent. Continue reading

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MICROCAPITAL BRIEF: Department of Trade and Industry to Allocate $66.8m for On-Lending via MFIs, Capacity Building for MSMEs in the Philippines

The Philippine Department of Trade and Industry (DTI) reportedly has released its budget proposal for 2013, which includes a PHP 2 billion (USD 47.8 million) incentive fund for microfinance institutions (MFIs) and a PHP 800 million (USD 19 million) capacity-building program for micro-, small and medium-sized enterprises (MSMEs). Continue reading

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MICROCAPITAL BRIEF: Incofin Investment Management Invests $2.4m in Equity in Indian Annapurna Microfinance

Incofin Investment Management, a Belgian company that manages microfinance investment funds, has paid INR 13 crore (USD 2.36 million) for an equity stake of undisclosed size in Annapurna Microfinance Private Limited, a for-profit microfinance company based in the Indian state of Orissa. Annapurna has nearly 125,000 clients across 18 districts in Orissa and a loan book of INR 35.78 crore (USD 6.49 million).  Continue reading

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MICROCAPITAL BRIEF: India’s Financial Information Networks and Operation (FINO) Purchases Mobile Payment Business from Nokia

Financial Information Networks and Operation (FINO), an Indian for-profit technology provider to microbanks and other financial service providers, reportedly has purchased the Indian mobile payment services business of Nokia, a Finnish handset provider, for an undisclosed amount of cash. Continue reading

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MICROCAPITAL BRIEF: Sagamore to Place $22m in Equity In Accion Microfinance China, Taking 70% Stake

Accion, a US-based nonprofit organization, recently announced an equity investment of CNY 140 million (USD 21.9 million) made by China-based Sagamore Investments in Accion Microfinance China (AMC). Continue reading

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MICROFINANCE EVENT: Asia Insurance Review Presents “6th Asia Conference on Microinsurance: Microinsurance as a Growth Catalyst for Insurance to Reach Out to the Masses”, July 24-25, 2012, Manila, Philippines

Event Name: 6th Asia Conference on Microinsurance, “Microinsurance as a Growth Catalyst for Insurance to Reach Out to the Masses” Continue reading

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MICROCAPITAL BRIEF: India’s Redrafted Micro Finance Institutions Bill Would Raise Loan Ceiling to $9k, Task State Committees with Reporting Violations

A change in the Indian Micro Finance Institutions (Development and Regulation) Bill has reportedly raised the ceiling for loans disbursed by microfinance institutions (MFIs) from INR 50,000 (USD 910) to INR 500,000 (USD 9,100). Continue reading

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MICROCAPITAL BRIEF: Indonesia: Banks Introduce Rabu Microsavings Program at Indonesian Banking Expo (IBEX)

The Rabu Program (meaning “to save diligently”) was introduced recently at the Indonesian Banking Expo (IBEX), a conference focusing on financial inclusion. Continue reading

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