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Thursday, September 8, 2011

MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in India Attempt to Raise Funds Using “Crowd Sourcing”

Microfinance institutions (MFIs) in India have increasingly been exploring “crowd sourcing” to raise funds since traditional sources of funding such as banks and private equity houses have significantly decreased their investments following the “microfinance crisis” that began in 2010 in the state of Andhra Pradesh. Continue Reading »

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Thursday, September 8, 2011

MICROCAPITAL BRIEF: Suddanand Healthcare Partners with Microfinance Institutions in Karnataka, India, to Provide Health Microinsurance

Suddanand Healthcare, a nongovernmental organization based in the Indian state of Karnataka, reportedly has developed a healthcare microinsurance system drawing on the existing customer base of local microfinance institutions (MFIs) to offer an “affordable micro-health program to the underserved section of society” [1]. Continue Reading »

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Thursday, September 8, 2011

MICROCAPITAL BRIEF: Dr Muhammad Yunus Advises Nigeria’s Microfinance Banks to “Look At Conventional Banking And Do It the Opposite Way”

Dr Muhammad Yunus, the founder and former chairman of Bangladeshi microfinance institution (MFI) Grameen Bank, recently offered guidance to the leaders of Nigeria’s microfinance banks (MFBs) relating to social mission, capital structure and interest rates. Continue Reading »

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Wednesday, September 7, 2011

MICROCAPITAL BRIEF: Association of Karnataka Microfinance Institutions Releases Client Survey Data from “Competition and the Role of External Agents: The 2009 Delinquency Crisis in Southern Karnataka” by CGAP, EDA Rural Systems

The Association of Karnataka Microfinance Institutions (AKMI), a community development organization in the rural Indian state of Karnataka, recently made public the client survey data from “Competition and the Role of External Agents: The 2009 delinquency crisis in southern Karnataka,” a study released in 2010 that was conducted by US-based nonprofit CGAP (Consultative Group to Assist the Poor) and EDA Rural Systems, an India-based research and capacity building organization. Continue Reading »

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Tuesday, September 6, 2011

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Mandates Banks Open 25% of New Branches in Rural Areas; Banks May Offer Only Limited Financial Services

The Reserve Bank of India (RBI), the country’s central banking authority, recently published circulars that will require new and existing banks to open one quarter of new branches in towns with populations of less than 10,000 people in an effort to further the government’s financial inclusion agenda. Continue Reading »

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Monday, September 5, 2011

MICROCAPITAL BRIEF: Vijay Mahajan of Microfinance Firm BASIX Says Firm to Explore Foreign Investors if Domestic Banks Refuse to Lend

Mr Vijay Mahajan, chairman of BASIX Group, an Indian company whose holdings include two microfinance institutions (MFIs), has reportedly announced that if the company does not get a capital infusion of INR 450 crores (USD 98 million) by end of September from domestic sources, it will have to explore partnering with foreign investors [1]. Continue Reading »

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Sunday, September 4, 2011

MICROCAPITAL BRIEF: Filipino Rural Banks Prepare for Capital Injection from Foreign Investors

Rural banks in the Philippines are preparing for the possible entry of foreign investors into the rural banking market following the passage of a bill that would allow such banks to sell stakes as large as 40 percent to foreign interests. Continue Reading »

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Thursday, September 1, 2011

MICROCAPITAL BRIEF: BRAC Development Institute Releases “Bangladesh Microfinance Review,” Indicates Need for Product Diversity

The BRAC Development Institute (BDI) set up by the Bangladesh Rehabilitation Assistance Committee (BRAC), a Bangladesh-based development organization, recently released “Bangladesh Microfinance Review, August 2011” and concluded that “while the sector has achieved operational efficiency, it needs to diversify its products in order to serve unmet demand for credit.” Continue Reading »

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Monday, August 29, 2011

MICROCAPITAL BRIEF: India’s SKS Microfinance Scaling Up Non-Core Businesses of Financing Grocery Stores, Gold Lending

SKS Microfinance is reportedly scaling up its non-core businesses of financing Samgam stores, which are retail grocery stores owned by poor women, and increasing its gold lending operations in efforts to diversify its revenue stream. Continue Reading »

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Monday, August 22, 2011

MICROCAPITAL BRIEF: State Bank of Pakistan (SBP) Reports 13% Quarterly Decline in Microfinance Bank Deposits, Slow Recovery After 2010 Floods

Pakistan’s central banking authority, the State Bank of Pakistan (SBP), has reportedly stated that the value of deposits at microfinance banks (MFBs) in the country decreased from PKR 10.3 billion (USD 120 million) as of December 31, 2010, to PKR 8.9 billion (USD 104 million) as of March 31, 2011. Continue Reading »

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Sunday, August 21, 2011

MICROCAPITAL BRIEF: Microcredit Summit Campaign: 45m Indians Move Out of Poverty, Earning Over $1.25 Per Day Because of Microfinance

The Microcredit Summit Campaign, a program of the US-based advocacy group RESULTS Educational Fund, recently released a report indicating that nearly 9 million Indian households involved in microfinance began earning more than USD 1.25 per day between 1990 and 2010. Continue Reading »

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Wednesday, August 17, 2011

MICROCAPITAL BRIEF: Indian Microfinance Institutions (MFIs) Share, Spandana Sphoorty, Asmitha Consider Merger, Continue Debt Restructuring Talks

As part of their ongoing efforts to manage significant losses in the state of Andhra Pradesh, Indian microfinance institutions (MFIs) Share Microfin Limited, Spandana Sphoorty Financial Limited and Asmitha Microfin Limited reportedly are in the early stages of considering the possibility of merging with one another. Continue Reading »

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Tuesday, August 16, 2011

MICROCAPITAL BRIEF: Economists Question Myanmar’s (Burma’s) Microfinance Plan Due to Corruption, Macroeconomic Instability

Economists cite corruption and macroeconomic instability as potential threats to effectiveness of a microfinance scheme that is being developed by the government of Myanmar (Burma). Continue Reading »

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Tuesday, August 16, 2011

MICROCAPITAL BRIEF: Microfinance Banks, Other Institutions Facilitate Financial Inclusion in Nepal; 54% of Households Now Within 30 Minutes Walk of Cooperative

Nepal’s Central Bureau of Statistics (CBS) recently released the Nepal Living Standard Survey, which indicates that the percentage of households borrowing from local moneylenders has decreased from 40 percent to 15 percent since the last survey, which was conducted in 1995-96. Continue Reading »

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Tuesday, August 16, 2011

MICROCAPITAL BRIEF: Dual Return Fund of Vision Microfinance Loans $5m to Microfinance Institutions in Colombia, Kazakhstan, Russia, the Philippines

Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that the Dual Return Fund, a sub-fund of Absolute’s Vision Microfinance, made debt investments totaling USD 5 million in unnamed microfinance institutions (MFIs) in Colombia, Kazakhstan, Russia and Philippines [1]. Continue Reading »

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Monday, August 15, 2011

MICROCAPITAL BRIEF: Commercial Banks, Private Equity Investors Reevaluate India’s Microfinance Sector in Light of Draft Microfinance Bill

Since the Indian government released a draft microfinance bill in July 2011, commercial banks and private equity investors reportedly have expressed a new willingness to consider investing in microfinance institutions (MFIs). Continue Reading »

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Monday, August 15, 2011

MICROCAPITAL BRIEF: Indian Government Publishes Draft of Microfinance Institutions Bill, Would Make Reserve Bank of India (RBI) Sole Regulator, Establish Microfinance Development Council, Microfinance Development Fund

After months of deliberations and input from academics, policymakers and practitioners, the Indian government has published a draft of its “Microfinance Institutions (Development and Regulation) Bill,” as the first version of a future authoritative policy to govern the domestic microfinance sector. Continue Reading »

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Saturday, August 13, 2011

MICROFINANCE EVENT: Mobile Money Southern Asia Conference and Expo, Mumbai, India, September 26 – September 29, 2011

Event Name: Mobile Money Southern Asia Conference and Expo

Event Date: September 26 to September 29, 2011

Event Location: Mumbai, India Continue Reading »

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