Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: SKS Suffers $85m Loss as Norway’s Government Pension Fund – Global Buys 1% Stake

During the quarter that ended on December 31, 2011, Indian commercial microfinance institution SKS Microfinance Limited (SKS) suffered net losses of INR 4.28 billion (USD 85.3 million), 11 percent higher than net losses in the previous quarter. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), ACCION Support Swadhaar in Expanding Microfinance for Women in Urban India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and ACCION International, a private, US-based nonprofit organization, will advise Swadhaar FinServe Private Limited (SFPL), an Indian microfinance institution, on its expansion of financial services for women in urban slums of the following Indian states: Gujarat, Madhya Pradesh, Maharashtra and Rajasthan. Continue reading

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MICROCAPITAL BRIEF: Dr Hans Dieter Seibel Calls for Liberalisation of Myanmar’s (Burma’s) Financial Sector; UK’s Department for International Development Commits $15m to Support Rural Microfinance

In an interview with the Myanmar Times newspaper, rural microfinance specialist Dr Hans Dieter Seibel discussed his views on Myanmar’s (Burma’s) financial sector and calls for a liberalized regulatory framework. Continue reading

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MICROCAPITAL BRIEF: Microcredit, Microinsurance Client Numbers Rising in the Philippines

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has reportedly announced that the number of microfinance borrowers in the nation rose from 932,622 to 963,717 between September 2010 and June 2011, and the total of outstanding loans increased from PHP 6.53 billion (USD 148 million) to PHP 7.14 billion (USD 164 million) during the same time period. Continue reading

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MICROCAPITAL BRIEF: Microfinance Credit Bureau, MiDAS, Launched by Microfinance Institutions in Philippines

Microfinance institutions (MFIs) Taytay Sa Kauswagan Incorporated (TSKI), Opportunity Kauswagan Bank, CARD Bank, CARD NGO, Negros Women for Tomorrow Foundation Incorporated, Ahon Sa Hirap and ASA Philippines signed a memorandum of agreement creating the Microfinance Data Sharing System (MiDAS) in January of this year after an initial pilot phase in 2011 [1]. Continue reading

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MICROCAPITAL BRIEF: Hong Kong Mortgage Corporation (HKMC) to Launch Pilot Microfinance Program in China

The Hong Kong Mortgage Corporation Limited plans to launch a three-year pilot microfinance program in mid-2012. The program would offer three types of loans: (1) micro-business start-up loans, with a maximum amount of HKD 300,000 (USD 38,700); (2) self-employment loans with a maximum amount of HKD 200,000 (USD 25,800); and (3) “self-enhancement” loans for education with a maximum amount of HKD 100,000 (USD 12,900). Continue reading

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