South Asia, East Asia and Pacific | MicroCapital - Page 38
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Monday, September 26, 2011

MICROCAPITAL BRIEF: Microfinance Institutions Move to Recover “Pre-Crisis” Loans Worth $1.4b in Andhra Pradesh, India

Microfinance institutions (MFIs) in Andhra Pradesh, India, have started talks to recover outstanding loans amounting to INR 7,000 crore (approximately USD 1.4 billion), which they have been unable to collect since the repayment dropoff in the state started in 2010. Continue Reading »

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Monday, September 26, 2011

MICROCAPITAL BRIEF: Microfinance Innovation Center for Resources and Alternatives (MICRA) of Philippines to Join Grameen Foundation’s Bankers without Borders Alliance, Organize Volunteer Consultants Working with Microfinance Institutions

Bankers without Borders (BwB) Alliance, a volunteer initiative of the US-based nonprofit Grameen Foundation, recently announced that Microfinance Innovation Center for Resources and Alternatives (MICRA), a microfinance consulting and advisory firm in the Philippines, will become the fifth member of the alliance [1]. Continue Reading »

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Monday, September 26, 2011

MICROCAPITAL BRIEF: “An Examination of Challenges and Prospects of Microfinance Sector of Pakistan”, A Study by Seyed Ibn e Ali Jaffari et al Highlights Internal Weaknesses, Religious Concerns

A study recently published in the European Journal of Economics, Finance and Administrative Sciences draws attention to challenges faced by the microfinance sector in Pakistan. Continue Reading »

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Sunday, September 25, 2011

MICROCAPITAL BRIEF: IFMR Capital Securitizes $15m in Microloans Originated by Indian Microfinance Institutions (MFIs) Asirvad, Disha, Grameen Koota, Mimoza, Satin Creditcare, Suryoday, SV Creditline, Utkarsh

IFMR Capital, a private India-based company that aims to provide liquidity and debt capital to financial institutions that serve poor people, recently securitized a “multi-originator” portfolio of 49,881 loans with a total value of INR 511 million (USD 10.5 million). Continue Reading »

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Thursday, September 22, 2011

MICROCAPITAL BRIEF: Government of Andhra Pradesh, India, Launches Cooperative Microfinance Bank for Self-Help Groups (SHGs)

Self-help groups (SHGs) in the Indian state of Andhra Pradesh will soon have an alternative source of microloans in the form of Stree Nidhi, a cooperative microfinance bank that has been formed by the state government and the Mandal Mahila Samkhyas (MMS), a representative federation of SHGs. Continue Reading »

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Wednesday, September 21, 2011

MICROCAPITAL BRIEF: YMCA Launches Ymicro Website to Raise Donations to be Disbursed as Microloans in Colombia, Sri Lanka, Gambia and Liberia by YMCA Branches, Microfinance Institutions

The Seattle, Washington, branch of the Young Men’s Christian Association (YMCA), an organization offering recreation and community development programs that has 45 million members worldwide, recently launched Ymicro.org, a website soliciting donations from the public for on-lending to entrepreneurs in developing countries [1,2]. Continue Reading »

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Tuesday, September 20, 2011

MICROCAPITAL BRIEF: BNP Paribas Loans $1.9m to Microfinance Institutions Fundación Espoir of Ecuador, Amret of Cambodia

BNP Paribas, a financial service provider based in France, recently made loans totaling the equivalent of USD 1.9 million to two microfinance institutions (MFIs): Fundación Espoir (Espoir) of Ecuador and Amret Company Limited (Amret) of Cambodia [1]. Continue Reading »

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Tuesday, September 20, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution Bandhan Financial Services to Apply for Banking License

Indian microfinance institution (MFI) Bandhan Financial Services Private Limited (Bandhan) reportedly plans to apply for a banking license after the Reserve Bank of India (RBI) finalizes its new guidelines for establishing new banks [1]. Continue Reading »

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Friday, September 16, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution (MFI) Ujjivan Looking to Raise $138m from Private, Public Sector Banks

Ujjivan Financial Services, an Indian microfinance institution (MFI), reportedly plans to raise up to INR 6.2 billion (USD 138 million) from the Small Industries Development Bank of India (SIDBI), a government-owned financial institution, along with other unspecified private and public-sector banks. Continue Reading »

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Thursday, September 15, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution Bandhan Financial Services Raises $29m in Equity from International Finance Corporation (IFC), Arranged by Intellecap

Indian microfinance institution (MFI) Bandhan Financial Services Private Limited recently raised INR 135 crore (the equivalent of USD 29 million) from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group [1]. Continue Reading »

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Thursday, September 15, 2011

MICROCAPITAL BRIEF: Citi Foundation Donating $1m to Habitat for Humanity for Microsavings, Housing Assistance, Financial Education in the Philippines, Thailand, Vietnam

The Citi Foundation, the charitable arm of US-based financial services conglomerate Citigroup, will provide a USD 1 million grant to Habitat for Humanity, a US-based nonprofit organization that focuses on affordable housing, to develop the “Citi-Habitat Home Improvement Microsavings Program.” Continue Reading »

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Tuesday, September 13, 2011

MICROCAPITAL BRIEF: responsAbility Invests $2.5m in Microfinance Institution Asian Credit Fund of Kazakhstan, Bank Eskhata of Tajikistan, XacLeasing of Mongolia

responsAbility Social Investments AG, a Swiss investment company that manages four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments totaling the equivalent of USD 2.5 million in microfinance institutions Asian Credit Fund LLP of Kazakhstan, Bank Eskhata (Eskhata) of Tajikistan and XacLeasing, a sister company of Mongolian microfinance institution XacBank [1]. Continue Reading »

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Monday, September 12, 2011

MICROCAPITAL BRIEF: Axis Bank Bandhan Holistic Assistance (ABHA) Initiative to Combine Microfinance, Health Services, Grants to Individuals in West Bengal, India

Axis Bank Foundation (ABF), the corporate social responsibility arm of India-based Axis Bank, and Bandhan Konnagar, the non-profit branch of Indian microfinance institution Bandhan Financial Services Private Limited (Bandhan), have collaborated to launch Axis Bank Bandhan Holistic Assistance (ABHA), to provide financial, health and support services to the “poorest of the poor” in two districts in the Indian state of West Bengal. Continue Reading »

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Monday, September 12, 2011

MICROCAPITAL BRIEF: ADB’s Pacific Private Sector Development Initiative (PSDI) Annual Report Covers Partnership with Microfinance Institutions (MFIs) in Papua New Guinea, Timor-Leste, Vanuatu

The Pacific Private Sector Development Initiative (PSDI), an initiative established in 2006 by the Asian Development Bank (ADB), recently outlined in its annual report its efforts to “encourage private sector led sustainable economic growth” in developing countries in the Pacific by “improving access to financial services, updating business laws and upgrading the delivery of services by state-owned enterprises (SOEs).” Continue Reading »

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Sunday, September 11, 2011

MICROFINANCE EVENT: Indian Ocean / South Asia Mobile Payments & Banking Summit 2011, Colombo, Sri Lanka, NEW DATES: January 31 – February 1, 2012

Event Name: Indian Ocean / South Asia Mobile Payments & Banking Summit 2011

Event Date: November 21 – November 22

Event Location: Ramada Colombo, Colombo, Sri Lanka Continue Reading »

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Saturday, September 10, 2011

MICROCAPITAL BRIEF: responsAbility Invests $13.5m in Microfinance Institutions (MFIs) VisionFund Cambodia, Equity Bank of Kenya

responsAbility Social Investments AG, a Swiss for-profit company that operates four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has made debt investments of USD 13.5 million in microfinance institutions (MFIs) Equity Bank of Kenya and VisionFund Cambodia. Continue Reading »

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Friday, September 9, 2011

MICROCAPITAL BRIEF: LeapFrog to Invest $15m in India’s Shriram Group to Expand Microinsurance, Savings Offerings

LeapFrog Investments, a US-based private equity fund focusing on microinsurance activities, will invest USD 15 million in the Shriram Group, an India-based provider of financial services to low-income individuals, to help the organization expand its offering of microinsurance and savings products for up to 10 million clients. Continue Reading »

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Thursday, September 8, 2011

MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in India Attempt to Raise Funds Using “Crowd Sourcing”

Microfinance institutions (MFIs) in India have increasingly been exploring “crowd sourcing” to raise funds since traditional sources of funding such as banks and private equity houses have significantly decreased their investments following the “microfinance crisis” that began in 2010 in the state of Andhra Pradesh. Continue Reading »

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