Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: India’s Insurance Regulatory and Development Authority May Require Insurers to Sign Up All Poor Families Within 5 Years

The Insurance Regulatory and Development Authority (IRDA), India’s insurance regulator, recently drafted a proposal intended to achieve complete outreach to families with incomes below the poverty line. Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance of India Posts Portfolio Growth of 21% Outside Andhra Pradesh; Royal Bank of Scotland, Morgan Stanley Asia Purchase Stakes as Deutsche Securities Mauritius Cashes Out

Since India’s SKS Microfinance experienced average losses per quarter of INR 2 billion (USD 37.8 million) during the year ending March 2012, the Indian microlender has been able to borrow approximately INR 10 billion (USD 189 million) from banks. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: SKS Microfinance of India Posts Portfolio Growth of 21% Outside Andhra Pradesh; Royal Bank of Scotland, Morgan Stanley Asia Purchase Stakes as Deutsche Securities Mauritius Cashes Out Posted in Key Players, South Asia, East Asia and Pacific

MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Witch Hunts in India; Poverty Scorecard for Myanmar; Andhra Pradesh Clients Post-Microfinance Crisis

Strategic Framing Work(s): How Microcredit Loans Facilitate Anti-Witch-Hunt Movements,” by Soma Chaudhuri and Anuradha Chakravarty; published by Mobilization; June 2012; 19 pages; available at: https://vaw.msu.edu/wp-content/uploads/2013/10/chaudhuri_2012_micro-credit.pdf Continue reading

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MICROCAPITAL BRIEF: Asian Development Bank Invests $40m in Vietnam’s Microfinance Sector

The Asian Development Bank (ADB), a development finance institution based in the Philippines, recently lent USD 40 million to the government of Vietnam in an effort to improve the country’s microfinance sector. Continue reading

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MICROCAPITAL BRIEF: India’s Ujjivan Raises $9m in Equity from International Finance Corporation (IFC), Netherlands Development Finance Company (FMO)

Ujjivan Financial Services, a microfinance institution (MFI) based in India, recently raised INR 450 million (USD 8.55 million) in equity capital from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group. Continue reading

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MICROCAPITAL BRIEF: India’s Life Insurance Corporation, Mobile Operator Robi Axiata of Bangladesh Launch Microinsurance Offerings

Life Insurance Corporation (LIC), an insurance company owned by the Indian government, recently launched Jeevan Deep, its third microinsurance policy offering. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $8m to Microfinance Institutions in Azerbaijan, Cambodia, Ecuador, Indonesia, Kazakhstan, Tajikistan

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance, recently disbursed loans to unspecified microfinance institutions (MFIs) in Asia, Eastern Europe and South America. Continue reading

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MICROCAPITAL BRIEF: Milaap, e27 to Launch Crowdfunded Entrepreneurship Fund for Microenterprise in India

Milaap, an online microlending platform with offices in Singapore and Bangalore, India, reportedly has partnered with e27, a Singapore-based media organization, to launch a crowdfunded entrepreneurship development fund with a target size of SGD 50,000 (USD 40,700). Continue reading

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MICROCAPITAL BRIEF: 190,000 Youth in Rural China Access $1.6b in Microcredit

According to figures attributed to the Central Committee of China Communist Youth League (CCYL), 190,000 rural businesspeople under the age of 40 participated in a microfinance scheme designed in partnership with local financial institutions to help the youth start businesses. Continue reading

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MICROCAPITAL BRIEF: EBay, Grameen Foundations Partner to Launch Mobile Marketplace, Transaction Platform to Increase Financial Inclusion in Indonesia

The eBay Foundation, the charitable arm of US-based online marketplace eBay, and Grameen Foundation, a US-based nonprofit that aims to increase financial and technological opportunities for people in poor countries, have announced a partnership to design and launch two technology services intended to increase financial access in Indonesia. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the government-owned Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India, are developing a database of collateral used to secure loans. Continue reading

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MICROCAPITAL BRIEF: Citi Foundation Grants $180k to Parinaam Foundation of India to Provide Financial Literacy Training to Clients of Microfinance Institution Ujjivan

Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients. Continue reading

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MICROCAPITAL BRIEF: Banking Production Centre (BPC) Releases Electronic Payment System “SmartVista for Microfinance”

Banking Production Centre (BPC) Banking Technologies, a mobile technology solutions provider with offices in Asia, Europe, Latin America and Russia, has released SmartVista for Microfinance, an electronic payment solution specifically for microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Bellwether Microfinance Fund, Michael & Susan Dell Foundation Sell Shares in Ujjivan of India to Lok Capital of Mauritius, Undisclosed Social Investor

Ujjivan, a microfinance institution (MFI) based in Bangalore, India, is currently experiencing a churn of investors. Continue reading

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MICROCAPITAL BRIEF: Smart Communications of the Philippines Partners with Mobile Money Service Provider mHIT of Australia, Microinsurance Provider BenLife

Smart Communications, a wireless service provider in the Philippines, reportedly has partnered with mHIT, an Australian mobile payment service developer and operator, to facilitate mobile money transfers and remittances for Filipinos in Australia. Continue reading

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MICROCAPITAL BRIEF: ResponsAbility Invests $100k in Bank Eskhata of Tajikistan, $1.5m in Mitra Bisnis Keluarga (MBK) Ventura of Indonesia

ResponsAbility SICAV Mikrofinanz-Fonds (rAMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 100,000 in debt to Bank Eskhata of Tajikistan. Continue reading

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MICROCAPITAL BRIEF: National Bank of Belarus Develops Financial Literacy Program

Deputy Chairman of the Board of the National Bank of Belarus Sergei Dubkov recently announced the design of a government program to enhance financial literacy for individuals and small businesses. Continue reading

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