Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Reserve Bank of India Extends Deadline for New Provisioning, Asset Classification Norms for Non-Banking Finance Company Microfinance Institutions

The Reserve Bank of India (RBI), India’s central banking authority, has extended the deadline for non-banking finance company (NBFC) microfinance institutions (MFIs) in India to implement new provisioning and asset classification norms. Continue reading

Share

MICROCAPITAL BRIEF: Mobile Handset Initiated Transactions (mHITs) of Australia Expands Remittance Service to the Philippines

Australian micropayment service provider Mobile Handset Initiated Transactions (mHITs) announced that it has partnered with micropayment service provider GCash to deploy an “international remittance corridor to the Philippines” that allows account holders in Australiato send funds to mobile wallet users in the Philippines. Continue reading

Share

MICROCAPITAL BRIEF: Industrial and Commercial Bank of China Limited (ICBC) to Loan $38b to Micro- and Small Enterprises within Three Years

The Industrial and Commercial Bank of China Limited (ICBC), a government-owned bank in China, reportedly has announced plans to increase its lending to micro- and small enterprises (MSEs) by CNY 240 billion (USD 38 billion) within three years. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Small-Scale Solar Power Projects, Health Worker Preferences for Insurance Payment Mechanisms, Effects of Microinsurance on Poor People in Vietnam

“Global Trends in Renewable Energy Investment 2011;” by Angus McCrone, et al; published by United Nations Environment Programme (UNEP), Bloomberg New Energy Finance, Frankfurt School UNEP Collaborating Centre for Climate & Sustainable Energy Finance; July 2011; 61 pages; available at:
http://www.fs-unep-centre.org/publications/global-trends-renewable-energy-investment-2011 Continue reading

Share

MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) to Commit $5.8m in Equity, Loans to Small Microfinance Institutions

The Small Industries Development Bank of India (SIDBI), a state-owned bank, has committed INR 300 million (USD 5.8 million), 30 percent of its microfinance development fund, to small Indian microfinance institutions (MFIs) that have not received commercial funding since the liquidity crisis began in the microfinance sector in the Indian state of Andhra Pradesh late in 2010. Continue reading

Share

MICROCAPITAL BRIEF: Asian Development Bank (ADB) to Lend $20m to Chinese Banks to Support Microfinance Institutions in Rural China

The Asian Development Bank (ADB), a multilateral institution based in the Philippines, will provide a loan facility of CNY 130 million (USD 20.6 million) to unspecified partner banks to “help them build their wholesale lending capacity to microcredit companies” in central and western China. Continue reading

Share

MICROCAPITAL BRIEF: Jagaran Microfin of India Sells $3.3m in Securitized Microfinance Loans to Ratnakar Bank

Indian microfinance institution (MFI) Jagaran Microfin Private Limited reportedly has sold 50 percent of its loan portfolio for INR 16.9 crore (USD 3.32 million) to Indian commercial bank Ratnakar Bank “in a rated pool transaction to release capital and push business growth.” Continue reading

Share

MICROCAPITAL BRIEF: Survey: Majority in Fiji Prefer Cash to Mobile Money

According to the Mobile Money Omnibus Survey conducted in the Republic of Fiji by Tebbutt Research, a market research agency in the Pacific Islands, and the Pacific Financial Inclusion Program (PFIP), a UN-backed program that aims to provide financial services to low-income households, 80 percent of respondents prefer to handle cash rather than utilize mobile payments. Continue reading

Share

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

Share

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

Share

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

Share

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

Share

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

Share