Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Bhutan Royal Monetary Authority (RMA) Set to Approve Financial Inclusion Policy, Wholesale Microfinance Lender

The Royal Monetary Authority (RMA) of Bhutan, the country’s central bank, reportedly is finalizing a Financial Inclusion Policy (FIP) to enhance the country’s microfinance sector. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Microfinance Information Exchange Diamond Rating System; Savings-Linked Microinsurance in India; Banking Correspondents in Brazil

Diamonds No Longer Forever;” by Scott Gaul; published by Microfinance Information Exchange (MIX); April 2012; available at: http://www.themix.org/publications/microbanking-bulletin/2012/04/diamonds-no-longer-forever Continue reading

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MICROCAPITAL BRIEF: Online Microfinance Firm Lenddo Receives $8m in Equity to Support Its Lending in The Philippines, Colombia

Lenddo, a Philippines-based online microfinance firm, reportedly has received approximately USD 8 million in equity from undisclosed US investors. Continue reading

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MICROCAPITAL BRIEF: Partners in Community Development in Fiji (PCDF), Life Insurance Corporation of India (LICI) Launch Microinsurance in Fiji

Partners in Community Development in Fiji (PCDF), a Fiji-based nongovernmental organization (NGO), and the Life Insurance Corporation of India (LICI), a state-owned insurance group based in India, reportedly have launched a microinsurance project in Urata Village, Fiji. Continue reading

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MICROCAPITAL BRIEF: Microcredit Regulatory Authority (MRA) of Bangladesh Orders Microfinance Institutions to Obtain Permission to Offer Services Other Than Microcredit

The Microcredit Regulatory Authority (MRA), the supervisor of NGO microfinance institutions (MFIs) in Bangladesh, reportedly has advised MFIs to obtain permission by June 30 for sertvices offered other than microcredit. Continue reading

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MICROCAPITAL BRIEF: Chinese Government Starting Rural Financial Reform Project in Lishui

The People’s Bank of China (PBOC), China’s central banking authority, reportedly has announced a pilot program in the city ofLishuito encourage the establishment of village banks, microcredit firms and rural credit cooperatives to expand financial services for villagers and increase agricultural production. Continue reading

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MICROCAPITAL BRIEF: Microcredit Regulatory Authority of Bangladesh Revokes Licenses of 12 Microfinance Institutions, to Deploy Observers to Others

The Microcredit Regulatory Authority (MRA) of Bangladesh reportedly has announced that plans are in place to appoint administrators to observe troubled microfinance institutions (MFIs) in the country. Continue reading

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MICROCAPITAL BRIEF: Wincor Nixdorf Deploys Automated Teller Machines (ATMs) in Bangladesh

Wincor Nixdorf, a Germany-based information technology (IT) provider reportedly has announced it is supplying banks in Bangladesh with automated teller machine (ATM) technology in an effort to increase access to financial services via the self-service channel. Continue reading

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MICROCAPITAL BRIEF: National Insurance Timor-Leste (NITL), Tuba Rei Metin, Moris Rasik Introduce Life Microinsurance Products

National Insurance Timor-Leste (NITL), an insurance company in the Democratic Republic of Timor-Leste, has partnered with local microfinance institutions (MFIs) Tuba Rai Metin and Moris Rasik to introduce regulated microinsurance products in the country. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Financial Behavior in Latin America; Microfinance Reporting Technology; Evaluation of India’s Kshetriya Gramin Financial Services (KGFS)

“The Financial Behavior of Rural Residents: Findings from Five Latin American Countries;” by Jacqueline Urquizo; published by Accion; March 2012; 45 pages; available at: http://centerforfinancialinclusionblog.files.wordpress.com/2012/03/the-financial-behavior-of-rural-residents_march-2012.pdf Continue reading

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MICROCAPITAL BRIEF: Fundraiser for Chinese Microfinance Institutions Wokai to Shutdown Operations

Wokai, a US-based online fundraiser for Chinese microfinance institutions (MFIs), has announced that it will shutdown operations due to “a failed search for a new CEO in combination with funding obstacles.” Continue reading

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MICROCAPITAL BRIEF: SKS Microfinance to Cut 1,200 Jobs, Close 78 Branches in Andhra Pradesh, India

SKS Microfinance Limited (SKS), a non-banking finance company (NBFC) regulated by the Reserve Bank of India (RBI), reportedly will terminate 1,200 of 3,400 jobs and shutdown 78 branches in the state of Andhra Pradesh. Continue reading

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MICROCAPITAL BRIEF: Grameen Foundation India Launches Newest Version of Progress Out of Poverty Index

Grameen Foundation India, a subsidiary of the US-based Grameen Foundation that promotes access to microfinance and technological services, has launched an iteration of the Progress Out of Poverty Index (PPI), a tool that measures poverty levels of groups and individuals, for India. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC), BPI Globe BanKO to Develop Sustainable Energy Project for Microfinance Institutions in the Philippines

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with mobile-oriented Philippine bank BPI Globe BanKO “to develop microfinance that would help smaller businesses afford clean energy and energy-saving systems.” Continue reading

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MICROCAPITAL BRIEF: State Bank of Vietnam (SBV) to Implement Microfinance Sector Development Project Including Legal Framework, Capacity Development Through 2020

The State Bank of Vietnam (SBV), a Vietnamese government agency, recently has announced plans to implement a microfinance sector development project in the country until 2020. Continue reading

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MICROCAPITAL BRIEF: Nominations Open for Paeng Awards to be Given to Five Microfinance Institutions in the Philippines

The Rafael B Buenaventura Microfinance Resource Center Foundation (RBB Foundation), an institution in the Philippines that aims to develop sustainable microfinance through capacity building, will honor five microfinance institutions (MFIs) for their pioneering initiatives and exemplary work in its first awards ceremony on November 30, 2012. Continue reading

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MICROCAPITAL BRIEF: US Secretary of State Hillary Clinton Expresses Concern over Investigation of Bangladeshi Microfinance Institution Grameen Bank

US Secretary of State Hillary Clinton has expressed her support for Nobel Peace Laureate Dr Muhammad Yunus and urged the Bangladeshi government “not to undermine the independence of the Grameen Bank.” Continue reading

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MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas (BSP) May Broaden “Special” Program for Distressed Rural Banks as 3rd Straight Quarterly Rise Brings Bad Loan Ratio to 10%

Bangko Sentral ng Pilipinas (BSP), the central banking authority of the Philippines, has announced it is considering strengthening its Special Program for Rural Banks (SPRB), which lays out guidelines for assisting “distressed” rural banks. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bangko Sentral ng Pilipinas (BSP) May Broaden “Special” Program for Distressed Rural Banks as 3rd Straight Quarterly Rise Brings Bad Loan Ratio to 10% Posted in Deals, South Asia, East Asia and Pacific