South Asia, East Asia and Pacific | MicroCapital - Page 38
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    Our pdf newspaper includes you everything you need to know about microfinance news, research, events and key players.

  • Supporters

» Currently browsing: South Asia, East Asia and Pacific


Monday, October 3, 2011

MICROCAPITAL BRIEF: Orascom’s Mobilink Receives Approval to Offer Mobile Microfinance Banking in Pakistan

The State Bank of Pakistan (SBP), Pakistan’s central banking authority, has reportedly granted approval to Orascom, an international telecommunications company headquartered in Cairo, Egypt, to initiate a mobile microfinance banking service in Pakistan. Continue Reading »

Share


Monday, October 3, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $5m in Equity from Norwegian Microfinance Initiative, Aavishkaar Goodwell, International Financial Corporation

Utkarsh Micro Finance Private Limited (Utkarsh), an Indian microfinance institution (MFI), has raised equity commitments of INR 15.8 crores (USD 3.2 million) from Norwegian Microfinance Initiative (NMI) Frontier Fund, a public-private partnership (PPP) that provides technical and financial support to “emerging” microfinance institutions; INR 6 crores (USD 1.2 million) from Aavishkaar Goodwell India Microfinance Development Company (AG), an Indo-Dutch for-profit private investor in Indian MFIs; and INR 3.2 crores (USD 650,000) from International Finance Corporation, the private-sector investment arm of the World Bank Group [1]. Continue Reading »

Share


Sunday, October 2, 2011

MICROCAPITAL BRIEF: Indian Microfinance Sector Expected to Decline by 20 to 40 Percent During Fiscal Year Ending March 2012

Data from India’s 39-member Microfinance Institutions Network (MFIN) for the first five months of fiscal year 2011-2012 indicate a decline in the industry’s loan portfolio. Continue Reading »

Share


Saturday, October 1, 2011

MICROFINANCE EVENT: Third International Conference on Institutional and Technological Environment for Microfinance (ITEM3), New Delhi, India, January 4 – January 7, 2012, Papers Solicited for Issue of Cost Management Journal

Event Name: The Third International Conference on Institutional and Technological Environment for Microfinance (ITEM3): Cost Management & Social Performance in Microfinance

Event Date: January 4 – January 7, 2012

Event Location: India Habitat Center (Magnolia Hall), Lodhi Road, New Delhi 110003, India Continue Reading »

Share


Saturday, October 1, 2011

MICROCAPITAL BRIEF: Prathama, Aryavart Gramin, Gomti-Kashi Banks Bring Solar Lighting to India’s Rural Villages Through Microfinance

Microfinance has been successful at bringing solar lighting to India’s rural villages, according to an article in Indian science and environment magazine Down To Earth. Continue Reading »

Share


Wednesday, September 28, 2011

MICROCAPITAL BRIEF: Due Diligence Critical as Indian Banks Select Business Correspondents to Downscale to Microfinance, Opines Ramesh S Arunachalam

Indian rural finance practitioner Mr Ramesh S Arunachalam recently addressed the need for due diligence in the business correspondent (BC) model that the Reserve Bank of India (RBI), India’s central banking authority, adopted in 2010 to increase financial access for low-income people [1]. Continue Reading »

Share


Tuesday, September 27, 2011

MICROCAPITAL BRIEF: Minimum Standards Proposed for Microfinance Institutions’ Management Information Systems in India

An opinion piece by Rural Finance Practitioner Ramesh S Arunachalam that was recently published in Indian personal finance magazine Moneylife highlights the importance of management information systems (MIS) to microfinance institutions (MFIs) and calls for the establishment of minimum MIS standards as a prerequisite for MFI accreditation in India. Continue Reading »

Share


Tuesday, September 27, 2011

MICROCAPITAL BRIEF: Indian Rating Agency ICRA Assigns “A2(SO)” Rating to $1.45m in Pass Through Certificates from Microfinance Institution Arohan

Indian rating agency ICRA Limited (ICRA) has assigned a conditional rating of A2(SO) to a series of pass through certificates (PTCs) backed by INR 7.18 crores (USD 1.45 million) in microloan receivables originated by Arohan Financial Services Private Limited (Arohan), a Kolkata-based non-banking financial company (NBFC). Continue Reading »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share


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 »

Share