Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Philippine Government Promote Microinsurance With Support from Asian Development Bank (ADB)

The Philippine Department of Finance has announced that the government is “promoting micro-insurance as strategy to protect low income earners and the informal sector from uncertain events or risks” such as “typhoons, floods and earthquakes.” Continue reading

Share

MICROCAPITAL BRIEF: Rating Agency CRISIL Upgrades Indian Microfinance Institutions Ujjivan, Equitas, Janalakshmi

The Indian rating agency Credit Rating and Information Services of India Limited (CRISIL) has upgraded the ratings of Indian microfinance institutions (MFIs) Equitas Micro Finance India Private Limited and Ujjivan Financial Services from BBB- to BBB, a level that indicates a moderate level of safety [1] [2]. Continue reading

Share

MICROFINANCE EVENT: Inclusive Financial Innovations: Making Finance and Insurance Markets Work for the Poor, Jamshedpur, India, March 1-3, 2012

Event Name: Inclusive Financial Innovation: Making Finance and Insurance Markets Work for the Poor

Event Date: March 1 to March 3, 2012

Event Location: XLRI School of Business and Human Resources, Jamshedpur, India Continue reading

Share

MICROCAPITAL BRIEF: Bandhan Financial Services Sells $112m in Securitized Loans to Industrial Development Bank of India (IDBI), Axis Bank, Development Credit Bank

Bandhan Financial Services, an Indian microfinance institution (MFI), has sold INR 550 crore (USD 112 million) of its agricultural loan portfolio to the Industrial Development Bank of India (IDBI), a public – sector bank; Axis Bank, an Indian financial services company; and Development Credit Bank, an Indian private – sector bank, according to a statement attributed to Banhan managing director Chandra Shekhar Ghosh. Continue reading

Share

MICROCAPITAL BRIEF: SKS Microfinance Completes Securitization Deals Totaling $122m

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly has raised INR 354 crore (USD 72 million) from an undisclosed public-sector bank and INR 243 crore (USD 49.6 million) from an undisclosed source. Continue reading

Share

MICROCAPITAL BRIEF: Pakistan Poverty Alleviation Fund (PPAF), Pakistan Microfinance Network (PMN) Launch MicroEYE Information Mapping Tool

The Pakistan Poverty Alleviation Fund (PPAF), a public-private partnership, and the Pakistan Microfinance Network (PMN), a network of 20 microfinance providers in Pakistan, have launched MicroEYE, a tool that maps the competitive landscape of microfinance in Pakistan. Continue reading

Share

MICROCAPITAL BRIEF: Internal Documents Collected by Associated Press Implicate SKS Microfinance Staff in Borrower Suicides in Andhra Pradesh, India

Data collected by the Associated Press, a US-based news agency, reportedly implies that top officials of Indian microlender SKS Microfinance have had information implicating company employees in some of the approximately 200 suicides that were reported among poor and debt-ridden residents of the Andhra Pradesh region of India in late 2010. Continue reading

Share

MICROCAPITAL BRIEF: Au Financiers to Establish Affordable Housing Finance Company in India

Au Financiers, a non-banking financial company in Rajasthan, India, reportedly will establish Au Housing Finance Private Limited (AHFPL), an Indian housing company, to “cater to the un-served and under-served markets, predominantly in the low income state of Rajasthan.” Continue reading

Share

MICROCAPITAL BRIEF: Indian Women’s Cooperative Vimo SEWA to Become Microinsurance Agent for L&T Insurance

Vimo SEWA, a woman’s insurance cooperative in India promoted by the nongovernmental organization Self Employed Women’s Association (SEWA), has partnered with L&T Insurance, an Indian insurance company, to become L&T’s first microinsurance agent. Continue reading

Share

MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas (BSP) Tightens CAMELS, Other Requirements for Banks Offering Agricultural Microfinance Loans in the Philippines

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, recently released a circular amending the minimum requirements for banks offering micro-agri loans [1]. Continue reading

Share