Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Microcredit, Microinsurance Client Numbers Rising in the Philippines

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has reportedly announced that the number of microfinance borrowers in the nation rose from 932,622 to 963,717 between September 2010 and June 2011, and the total of outstanding loans increased from PHP 6.53 billion (USD 148 million) to PHP 7.14 billion (USD 164 million) during the same time period. Continue reading

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MICROCAPITAL BRIEF: Microfinance Credit Bureau, MiDAS, Launched by Microfinance Institutions in Philippines

Microfinance institutions (MFIs) Taytay Sa Kauswagan Incorporated (TSKI), Opportunity Kauswagan Bank, CARD Bank, CARD NGO, Negros Women for Tomorrow Foundation Incorporated, Ahon Sa Hirap and ASA Philippines signed a memorandum of agreement creating the Microfinance Data Sharing System (MiDAS) in January of this year after an initial pilot phase in 2011 [1]. Continue reading

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MICROCAPITAL BRIEF: Hong Kong Mortgage Corporation (HKMC) to Launch Pilot Microfinance Program in China

The Hong Kong Mortgage Corporation Limited plans to launch a three-year pilot microfinance program in mid-2012. The program would offer three types of loans: (1) micro-business start-up loans, with a maximum amount of HKD 300,000 (USD 38,700); (2) self-employment loans with a maximum amount of HKD 200,000 (USD 25,800); and (3) “self-enhancement” loans for education with a maximum amount of HKD 100,000 (USD 12,900). Continue reading

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MICROCAPITAL BRIEF: ICRA Raises Rating for Arohan Financial Services Pass Through Certificates For $1.4m Securitization of Microfinance Loans

ICRA, an Indian investment information and credit rating agency, has conditionally raised the rating of a pool of pass through certificates (PTCs) for loans provided by Arohan Financial Services Private Limited, an India-based microfinance institution. Continue reading

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MICROCAPITAL BRIEF: Credit Bureau Cambodia Launched to Facilitate Information Sharing Among Banks, Microfinance Institutions

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA), two trade associations with a combined membership of 64 financial institutions, have formed a joint venture with New Zealand-based credit bureau developer Veda Advantage to launch the Credit Bureau (Cambodia) Company Limited (CBC), which will maintain a database of credit information intended to help banks and microfinance institutions (MFIs) in making “accurate loan decisions based on borrower’s positive and negative credit history” [1]. Continue reading

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MICROCAPITAL BRIEF: United States Agency for International Development (USAID) Provides $2.71m Loan Guarantee to Cambodian Microfinance Institution Thaneakea Phum to Support Agriculture

The United States Agency for International Development (USAID) has signed a four-year agreement to provide a 50-percent guarantee on a loan of up to USD 2.71 million for Cambodian microfinance institution Thaneakea Phum (Cambodia) Limited (TPC). Sok Voeun, TPC’s chief operations officer, reportedly said that USAID “will support us in providing more loans to the agriculture sectors in the four provinces” referring to Kampong Thom, Pursat, Battambang and Siem Reap. Continue reading

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MICROCAPITAL BRIEF: Development Seed, Key2Flex Offer Geospatial Technology Services to Analyze Availability of Financial Services in Developing Countries

Geospatial mapping is being used to show the geographic distribution of banks, automated teller machines (ATMs) and banking agents in relation to low-income and other population groups, thus giving an indication of the accessibility of financial services to those groups. Continue reading

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MICROCAPITAL BRIEF: Oxfam International, Symbiotics Launch Small Enterprise Impact Investment Fund for Asia, Africa

UK-based relief agency Oxfam International and Swiss for-profit microfinance investment intermediary Symbiotics have jointly launched the Small Enterprise Impact Investment Fund (SEIIF) that will increase access to credit for small and medium-sized enterprises (SMEs) in Asia and Africa while offering investors both “measurable social impacts and financial returns” [1]. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Willingness to Pay for Business Correspondents in India, Health Microinsurance Third Party Payment Mechanisms, Accenture Development Partners Report on Microinsurance

The Answer is ‘Yes’—Cost and Willingness to Pay in India;” by Akhand Tiwari, Akhilesh Singh, Ann-Byrd Platt, Graham A N Wright, Minakshi Ramji and Sachin Bansal; published by MicroSave; 2011; 16 pages; available at http://ami.microsave.org/sites/default/files/research_papers/CWP_Summary… Continue reading

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