Category: South Asia, East Asia and Pacific

SPECIAL FEATURE: Absolute Portfolio Management Interviews CEO Nurhayrah Sadava of Microfinance Institution Thaneakea Phum in Cambodia (TPC) Regarding Client Protection Principles

The following text is re-posted with permission from Absolute Portfolio Management.

The microfinance industry has taken big steps forward in the last couple of years to better serve their clients. The Client Protection Principles for microfinance and the accompanying Smart Campaign have been introduced to protect clients, businesses, and the industry as a whole.

Austrian based asset manager Absolute Portfolio Management (APM) offers two “Dual Return – Vision Microfinance” funds, endorses the Smart Campaign and has incorporated the client protection principles into their investment criteria and due diligence. However, APM wanted to double-check how the Principles are employed at the microfinance institutions that the Vision Microfinance funds invest in. Continue reading

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MICROCAPITAL BRIEF: State Bank of Pakistan (SBP) Allows Microfinance Providers to Accept Funding from Non-Bank Sources

The State Bank of Pakistan (SBP), Pakistan’s central banking authority, recently announced that microfinance institutions (MFIs) may raise local-currency funding from non-bank sources including capital markets under the revised guidelines of the Microfinance Credit Guarantee Facility (MCFG). Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institution Grameen Koota Raises $5m from responsAbility through Nonconvertible Debentures

Grameen Financial Services Private Limited (Grameen Koota), an Indian microfinance institution (MFI), recently raised INR 25 crore (USD 5 million) in debt funding through the issue of secured, redeemable, non-convertible debentures (NCDs). Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Impact of Property Insurance in Ghana; Priority Issues for the Microfinance Sector; Investment in Sub-Saharan Africa

“’Doing the Math’ with Property Insurance in Ghana;” by Barbara Magnoni, et al; published by the Microinsurance Centre; May 2012; 9 pages; available at: http://www.microinsurancecentre.org/milk-project/milk-docs/doc_details/868-milk-brief-10-qdoing-the-mathq-with-property-insurance-in-ghana.html Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $1.6m in Chinese-Mongolian Microcredit Company Urumqi Tianrong

International Finance Corporation (IFC), the private-investment arm of the World Bank Group, is making a CNY 10 million (USD 1.6 million) equity investment in Urumqi Tianrong Microcredit Company, a joint venture of Mongolia-based TenGer Financial Group (TFG), IFC and three unidentified investors from China and Mongolia. Continue reading

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MICROCAPITAL BRIEF: Nepal Rastra Bank (NRB) Limits Microloan Interest Rate Changes, Adjusts Provisions for “Deprived-Sector” Lending

Nepal Rastra Bank (NRB), the central bank of Nepal, has reportedly issued a circular mandating that financial institutions permit borrowers to repay loans at the original given interest rate in the event of an increase in the interest rate. Continue reading

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MICROCAPITAL BRIEF: Call for Papers: Impact and Policy Conference, Bangkok, August 30 to September 1, 2012, Hosted by Asian Development Bank, Innovations for Poverty Action, Abdul Latif Jameel Poverty Action Lab

Innovations for Poverty Action (IPA), a US-based nonprofit research organization, has issued a call for papers for researchers interested in having their papers included in the Impact and Policy Conference: Evidence in Governance, Financial Inclusion, and Entrepreneurship to be held in Bangkok August 30 – September 1, 2012. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Call for Papers: Impact and Policy Conference, Bangkok, August 30 to September 1, 2012, Hosted by Asian Development Bank, Innovations for Poverty Action, Abdul Latif Jameel Poverty Action Lab Posted in Events, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: VisionFund International Releases Three-Year Plan to Improve Lives of 3.5m Children

VisionFund International, a UK-based nonprofit organization that manages the microfinance institutions (MFIs) of the US-based nonprofit relief organization World Vision International, has announced a three-year strategy to increase the number of lives it impacts from 2.2 million annually to 3.5 million annually by 2015. Continue reading

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MICROCAPITAL BRIEF: Incofin, BIO Sign $12m Agreement to Develop Early-Stage Microfinance Institutions in Africa, Latin America, Asia

Incofin Investment Management (Incofin), a Belgian company that develops and manages microfinance investment funds, and the Belgian Investment Company for Developing Countries (BIO in Dutch), a state-owned development finance institution, recently signed a EUR 10 million (USD 12.6 million) agreement intending to assist in developing early-stage microfinance institutions (MFIs) in Africa, Latin America and Asia. Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institution Basix Sees Assets Fall from $326m to $22m

Indian microfinance institution (MFI) Basix, also known as Bhartiya Samruddhi Finance Limited, now reportedly has INR 124 crore (USD 22.37 million) in assets compared to the INR 1,808 crore (USD 326 million) it in September 2010. The number of borrowers from Basix has fallen to 200,000 from 1.74 million during same time period. Continue reading

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MICROCAPITAL BRIEF: Advans Incorporates Advans Pakistan Microfinance Bank, La Fayette Microfinance Bank of Nigeria

Advans SA, a microfinance investment vehicle that mobilizes funds for microfinance institutions (MFIs), recently announced the incorporation of the Advans Pakistan Microfinance Bank in the Republic of Pakistan and the La Fayette Microfinance Bank in Nigeria. Continue reading

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MICROFINANCE EVENT: IBC Asia Presents 6th Annual “Mobile Financial Services Asia Pacific Summit 2012”, September 10 – 12, 2012, The Philippines

Event Name: Mobile Financial Services Asia Pacific Summit 2012

Event Date: September 10 – September 12, 2012

Event Location: Manila, The Philippines Continue reading

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MICROCAPITAL BRIEF: Bangladesh Finance Minister: Management Structures in Microfinance Sector Too Dependent on Founders

Bangladesh Finance Minister A M A Muhith reportedly has urged microfinance institutions (MFIs) to adjust their management structures to ensure that the organizations do not destabilize due to the death of a founder. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Global Microfinance Equity Valuation Survey; Microfinance Governance Indicators; Audio Report: Role of Brokers in Microinsurance

Volume Growth and Valuation Contraction: Global Microfinance Equity Valuation Survey 2012;” by Jasmina Glisovic, et al; published by CGAP (Consultative Group to Assist the Poor) and JP Morgan; May 2012; 16 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.57526/VolumeGrowth.pdf Continue reading

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MICROCAPITAL BRIEF: Allianz to Use Satellites to Insure Small-scale Farmers in Asia

Allianz, a German-based insurance provider, reportedly announced a three-year pilot project using satellite technology to manage crop insurance sold to rice farmers in Bangladesh, Cambodia, India, Indonesia, Thailand, the Philippines and Vietnam. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation, BNP Paribas to Loan $25m to Vietnam’s Orient Commercial Joint Stock Bank for Small and Medium-sized Enterprises, Women-owned Businesses

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to provide a syndicated loan of USD 25 million toVietnam’s Orient Commercial Joint Stock Bank to expand financing to small and medium-sized enterprises (SMEs) and women-owned businesses. Continue reading

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MICROCAPITAL BRIEF: India’s Insurance Regulatory and Development Authority (IRDA) Finds “Massive Problems” with Practices of SKS Microfinance

In conducting a set of field inspections, the Insurance Regulatory and Development Authority (IRDA), an Indian supervisory body, reportedly has detected “massive problems” in the handling of insurance by SKS Microfinance, a microfinance institution (MFI) in India. Continue reading

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MICROCAPITAL BRIEF: Microfinance Institution Akhuwat, Government of Punjab Provide Interest-free Loans of $11m in Interest-free Loans to Unemployed in Pakistan

The local government of Punjab, Pakistan, reportedly has provided interest-free loans of approximately PKR 600 million (USD 6.54 million) since November 2011 to 30,000 unemployed people to start their own businesses. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Institution Akhuwat, Government of Punjab Provide Interest-free Loans of $11m in Interest-free Loans to Unemployed in Pakistan Posted in South Asia, East Asia and Pacific