Category: South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: Bank Mandiri, Pos Indonesia Open Joint Microcredit-Postal Branch in East Java

Bank Mandiri, a government-owned provider of financial services to private and state-owned businesses as well as individuals and microentrepreneurs, recently opened its first office in Sidoarjo, East Java, as part of its partnership with Pos Indonesia, the national postal service. Continue reading

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MICROCAPITAL EVENT: Centre for Microfinance Holds Third Microfinance Summit, Kathmandu, Nepal, February 14 – February 16, 2013

Event Name: 3rd Microfinance Summit Nepal

Event Date: February 14 – February 16, 2013

Event Location: Kathmandu, Nepal Continue reading

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MICROCAPITAL EVENT: Clarion Hosts Mobile Money Global 2012 at Connected World Forum, November 19-November 22, Dubai, United Arab Emirates

Event Name: Mobile Money Global 2012

Event Date: November 19 – November 22, 2012

Event Location: Dubai, United Arab Emirates Continue reading

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MICROCAPITAL BRIEF: Lack of Law and Order Causes Microfinance Institution (MFI) Ujjivan of India to Put Lending Operations on Hold in Parts of Bihar

Ujjivan Financial Services, a Bangalore-based microfinance institution (MFI), recently put its lending operations on hold in the districts Vaishali and Muzaffarpur in the Indian state of Bihar after an October attack on its customer relations officer, Achchhe Lal Prasad. Continue reading

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MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $2.5m to KazMicroFinance of Kazakhstan, Imon International of Tajikistan, Frontiers of Kyrgyzstan, Thaneakea Phum of Cambodia

Absolute Portfolio Management GmbH (APM), Austrian-based investment and asset management company that offers microfinance institutions (MFIs) financing and investment strategy advisory services, recently disbursed a loan of USD 1 million to KazMicroFinance (KMF), a microfinance institution (MFI) in Kazakhstan, via the Dual Return Fund, a sub-fund of Vision Microfinance created by APM that issues direct loans to MFIs in developing countries. Continue reading

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MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) Share, Asmitha of India, Again Looking to Merge

Share Microfin Limited and Asmitha Microfin Limited, two microfinance institutions (MFIs) based in Hyderabad, India, reportedly have rekindled efforts to execute a merger. Continue reading

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MICROCAPITAL BRIEF: Absolute Dual Return-Vision Microfinance Fund Invests $3.2m in FINCA Russia, AzerCredit of Azerbaijan, Bank Constanta of Georgia, Mikrofin of Bosnia and Herzegovina

Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance and asset management, recently disbursed USD 3.2 million in loans to microfinance institutions (MFIs) in Russia, Azerbaijan, Georgia, and Bosnia and Herzegovina through a microfinance investment vehicle that it manages, the Dual Return-Vision Microfinance Fund. Continue reading

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MICROCAPITAL BRIEF: Vietnam’s Ministry of Health and Social Insurance to Provide Free Health Insurance to Poor People

The Ministry of Health of Vietnam and Vietnam Social Insurance, a government-funded organization that offers insurance to workers, reportedly will issue health insurance cards free of charge to families living close to or below the poverty line. Continue reading

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MICROCAPITAL BRIEF: SME Business Support Fund, Kashf Microfinance Bank Partner

SME Business Support Fund, a nonprofit organisation that assists small and medium-sized enterprises (SMEs) as well as business development service providers (BDSPs), recently partnered with Kashf Microfinance Bank in an effort to create viable business support models that will encourage self employment in Pakistan. Continue reading

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MICROCAPITAL BRIEF: Equitas of India Receives $9.3m from MicroVentures, India Financial Inclusion Funds

Equitas Holdings, a microfinance institution (MFI) based in Chennai, India, raised INR 500 million (USD 9.26 million) from MicroVentures India and India Financial Inclusion Fund, two funds dedicated to supporting the Indian microfinance industry. Continue reading

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MICROCAPITAL BRIEF: Grameen Koota of India Looks to Expand into Housing Microfinance

Grameen Koota, a India-based microfinance division of Grameen Financial Services Private Limited (GFSPL), plans to expand into housing microfinance in areas of rural India that have limited microfinance institution (MFI) penetration. Continue reading

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MICROFINANCE PAPER-WRAP UP: “The Jipange KuSave Experiment in Kenya;” by Sarah Rotman, David Ferrand, Stephen Rasmussen; published by CGAP

By Sarah Rotman, David Ferrand, Stephen Rasmussen; published by CGAP (Consultative Group to Assist the Poor); October 2012; 4 pages; available at:http://www.cgap.org/sites/default/files/CGAP-Brief-The-Jipange-KuSave-Experiment-in-Kenya-Oct-2012.pdf Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Analysis of Microfinance Investment Vehicles; Female Microfinance Clients in Pakistan; Life Microinsurance in the Philippines

“The State of Microfinance Investment 2012: MicroRate’s 7th Annual Survey and Analysis of MIVs;” published by MicroRate; October 2012; 17 pages; available at: http://www.microrate.com/downloads/78 Continue reading

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MICROCAPITAL BRIEF: China Development Bank, China Foundation for Poverty Alleviation Partner on Microcredit

The China Development Bank (CDB), a state-owned lending institution, recently signed an agreement with the China Foundation for Poverty Alleviation (CFPA), a Chinese  nonprofit organization, to support the foundation’s microcredit projects with a loan of  CNY 1 billion (USD 160 million). Continue reading

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MICROCAPITAL BRIEF: Government Savings Bank of Thailand Expands Microfinance Services in Border Areas

Government Savings Bank (GSB), a government-owned bank providing personal and corporate services in Thailand, reportedly plans to offer new microfinance products and otherwise expand services in advance of the anticipated 2015 launch of the Association of South East Asian Nations (ASEAN) Economic Community (AEC). Continue reading

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MICROCAPITAL BRIEF: Microfinance Institution Bai Tushum and Partners of Kyrgyz Republic to Transform to Bank Status

Bai Tushum and Partners, a microfinance institution (MFI) based in the Kyrgyz Republic, reportedly has received permission from the National Bank of the Kyrgyz Republic, the central bank of the country, to become a bank. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Sri Lanka Hopes Third Time is Charm for Microfinance Institutions Law

The Central Bank of Sri Lanka (CBSL) has reportedly floated a third draft of legislation to regulate microfinance institutions (MFIs) with the intent of ensuring financial stability in the sector. Continue reading

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MICROCAPITAL BRIEF: responsAbility Social Investments Loans $8m to Prasac of Cambodia, $1m to ASKI of the Philippines

ResponsAbility Social Investments, a for-profit Swiss fund manager, recently disbursed USD 8 million in debt to Prasac, a microfinance institution (MFI) in Cambodia. Continue reading

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