Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Grameen Crédit Agricole Microfinance Foundation Lends $2m to Microfinance Institutions Hekima of Congo; Findev of Azerbaijan; Chamroeun, TPC of Cambodia

The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by Crédit Agricole and Grameen Trust, has reported to MicroCapital that it made loans to four microfinance institutions (MFIs): Hekima of the Democratic Republic of the Congo, Finance for Development LLC (FinDev) of Azerbaijan, and Chamroeun and Thaneakea Phum (Cambodia) Limited (TPC) of Cambodia. Continue reading

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MICROCAPITAL BRIEF: Reserve Bank of India Recommends Against State Government Regulation of Microfinance

The Reserve Bank of India (RBI), India’s central banking authority, recently released a report titled, “Trend and Progress of Banking in India 2010-11,” expressing concern over state governments enacting local legislation to regulate microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Sustainable Enterprise Fund, Oikocredit, Grace Foundation Invest in Barefoot Power to Support Renewable Energy in Remote Indian Communities

The Sustainable Enterprise Fund, an Austrian impact venture fund managed by Ennovent, along with Oikocredit, a Dutch cooperative investment fund, and Grace Foundation, a Christian organization in Australia that invests in social enterprise-based solutions to poverty, have made an investment in Barefoot Power, an Australian for-profit enterprise that manufactures and sells lighting products, solar phone chargers and business development services for low-income populations. Continue reading

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MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania

Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO). Continue reading

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MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas: Filipino Microfinance Borrowing Increases to $170m

Bangko Sentral ng Pilipinas (BSP), the Filipino central bank, reportedly has announced that microfinance borrowing in the country has increased from PHP 6.5 billion (USD 151.7 million) in 2010 to PHP 7.3 billion (USD 170.3 million) as of November 2011. This includes data from 202 microfinance institutions in the country, mostly based in and around the Manila metropolitan area.The total number of borrowers at these institutions has increased from 932,622 in 2010 to 979,353.  Continue reading

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MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Introduces New Category of Non-Banking Financial Company (NBFC): NBFC–Microfinance Institution

A recent document published by the Reserve Bank of India (RBI), India’s central banking authority, introduces a standalone category for “non-banking financial company—microfinance institutions” (NBFC-MFIs) as was proposed by the Malegam Committee, an RBI-appointed panel headed by RBI board member YH Malegam. Continue reading

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MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in Nepal Request Establishment of Credit Bureau

As borrowers in Nepal reportedly have begun receiving loans from multiple microfinance institutions (MFIs), MFIs in the country have requested that a credit information bureau be created to allow them to share information on potential clients to avoid duplicative lending. Continue reading

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MICROCAPITAL BRIEF: Indian Microfinance Institutions (MFIs) Spandana Sphoorty Financial, Share Microfin, Asmitha Microfin Call Off Merger After Restructuring Plans Approved

Three Indian microfinance institutions (MFIs), Spandana Sphoorty Financial, Share Microfin and Asmitha Microfin, have reportedly cancelled a potential merger on which MicroCapital had reported in August. Continue reading

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MICROCAPITAL BRIEF: Angkor Mikroheranhvatho Kampuchea Company Limited (AMK) of Cambodia Wins Second Giordano Dell’Amore Microfinance Best Practices International Award

Angkor Mikroheranhvatho Kampuchea Company Limited (AMK), a deposit-taking microfinance institution (MFI) in Cambodia, has been awarded the second Giordano Dell’Amore Microfinance Best Practices International Award 2011 by the Italian foundation Fondazione Giordano Dell’Amore [1]. Continue reading

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