Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: China Association of Microfinance (CAM), China International Center for Economic and Technical Exchanges, Peking University, CreditEase Microcredit Investment Launch Inclusive Finance Wholesale Fund

China Association of Microfinance (CAM), a Chinese network of 92 microfinance institutions (MFIs); China International Center for Economic and Technical Exchanges, a Chinese agency that promotes economic and technical exchange; Peking University Advanced Financial Information Research Center (PAFIRC), a China-based research institute; and CreditEase Microcredit Investment, a Beijing-based financial services firm, recently launched the Inclusive Finance Wholesale Fund I, which is billed as the first microfinance wholesale fund in China. Continue reading

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MICROCAPITAL BRIEF: Bangladeshi Microfinance Borrowers Earn $47m in Interest on Mandatory Savings; Microcredit Regulatory Authority to Boost Enforcement of Required Interest Payments by MFIs

According to data attributed to the Microcredit Regulatory Authority (MRA), an organization that supervises microfinance operations of Bangladeshi nongovernmental organizations, microfinance borrowers in Bangladesh earned BDT 3.8 billion (USD 46.5 million) in interest on their savings for the period from July to December in 2011. Continue reading

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MICROCAPITAL BRIEF: European Union Funds International Finance Corporation (IFC) to Support Microfinance Institution Arvand’s Agricultural Loans in Tajikistan

The International Finance Corporation (IFC), a member of the World Bank Group that supports private-sector development, has announced plans to assist Arvand, a deposit-taking microfinance organization based in Tajikistan, in developing its agricultural loan portfolio in the Sughd province. Continue reading

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MICROCAPITAL BRIEF: Fiji Implements Electronic Government-to-Person (G2P) Payment Program, Reports 81% Financial Inclusion Rate

The government of Fiji, through its Department of Social Welfare, is promoting financial inclusion through implementation of an electronic government-to-person (G2P) payment program, which includes access to no-fee bank accounts to previously unbanked recipients. Continue reading

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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

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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

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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

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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

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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

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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

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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

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