Orix Corporation, a Japanese financial services conglomerate, reportedly has purchased a 6-percent stake in Acleda Bank Public Limited Company, a microfinance bank in Cambodia [1].
Search Results for: Cambodia Microfinance Association
MICROCAPITAL BRIEF: Association of Microfinance Institutions Plans to Appeal New Law “On Restriction of Usurious Activities in the Kyrgyz Republic”
Almazbek Atambayev, the President of the Kyrgyz Republic, reportedly has signed a law entitled “On Restriction of Usurious Activities in the Kyrgyz Republic” that establishes an interest rate cap on microloans.
MICROCAPITAL BRIEF: Advans SA to Create Tunisian Microfinance Institution Advans Tunisie
Advans SA SICAR (Advans SA), a microfinance investment vehicle managed by Horus Development Finance of France, recently announced plans to start Advans Tunisie, a microfinance institution (MFI) that will apply for a license from the Tunisian Ministry of Finance with the aim of launching before December 2013.
MICROFINANCE PUBLICATON ROUND-UP: Drivers of Over-Indebtedness in Cambodia, Accelerating Impact Investing, Mobile Banking in Tanzania
“Study on the Drivers of Over-Indebtedness of Microfinance Borrowers in Cambodia: An In-depth Investigation of Saturated Areas;” by Dannet Liv; published by BlueOrchard Microfinance Investment Management, Incofin Investment Management, Oikocredit; March 2013; 83 pages; available at: http://www.blueorchard.com/jahia/webdav/site/blueorchard/shared/Publications%20and%20Resources/News%20%26%20Press%20releases/OID-Final%20Report.pdf
This report presents an analysis of the factors that drive microfinance borrowers in Cambodia to take on excessive levels of debt.
MICROCAPITAL BRIEF: ACLEDA Begins Microfinance Operations in Myanmar
ACLEDA Bank, a Cambodia-based microfinance institution (MFI), has reportedly launched a new microfinance operation in Myanmar under the name of ACLEDA MFI Myanmar.
MICROCAPITAL BRIEF: Mobile Banking Technology, ATMs “An Emerging Trend” Among Microfinance Institutions (MFIs) in Cambodia
As competition in the microfinance industry of Cambodia increases, microfinance institutions (MFIs) are investing in technological upgrades to keep up with the market.
MICROCAPITAL BRIEF: Microloans up 38%, Microdeposits Up 144% in Cambodia
According to data attributed to the Cambodia Microfinance Association (CMA), a nongovernment organization established in 2004 to promote Cambodia’s microfinance sector, the value of microloans disbursed by its 32 members increased approximately 38 percent to USD 890 million and total deposits increased 144 percent to USD 280 million from 2011 to 2012.
MICROCAPITAL BRIEF: International Finance Corporation Paying $2m for Stake in Arm of Cambodia’s ACLEDA Bank Being Established in Myanmar
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to disburse USD 2 million to ACLEDA Bank, a Cambodia-based commercial bank, to set up a microfinance institution (MFI) in Myanmar.
MICROCAPITAL BRIEF: ACLEDA Bank of Cambodia Borrows $40m From IFC Capitalization Fund
The IFC Capitalization Fund, a global equity and subordinated-debt fund founded by the International Finance Corporation (IFC) and the Japan Bank for International Cooperation, recently issued a subordinated loan in the amount of USD 40 million to ACLEDA Bank Plc, a retail bank based in Cambodia, to augment the bank’s financing of micro, small and medium-sized enterprises.
MICROCAPITAL BRIEF: ACLEDA Bank of Cambodia to Launch Microfinance Operations in Myanmar in January 2013
In Myanmar, which recently lifted restrictions barring wholly foreign-owned direct investments, ACLEDA Bank Public Limited Company (PLC), a Cambodian commercial bank specializing in microfinance, plans to launch microfinance operations by January 2013.
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.
SPECIAL FEATURE: Absolute Portfolio Management Interviews CEO Nurhayrah Sadava of Microfinance Institution Thaneakea Phum in Cambodia (TPC) Regarding Client Protection Principles
The following text is re-posted with permission from Absolute Portfolio Management.
The microfinance industry has taken big steps forward in the last couple of years to better serve their clients. The Client Protection Principles for microfinance and the accompanying Smart Campaign have been introduced to protect clients, businesses, and the industry as a whole.
Austrian based asset manager Absolute Portfolio Management (APM) offers two “Dual Return – Vision Microfinance” funds, endorses the Smart Campaign and has incorporated the client protection principles into their investment criteria and due diligence. However, APM wanted to double-check how the Principles are employed at the microfinance institutions that the Vision Microfinance funds invest in.
MICROCAPITAL BRIEF: responsAbility Lends $6.9m to Latin American Microfinance Companies Crecer, Fundacion Mundo Mujer Popayan
Switzerland’s responsAbility Social Investments AG recently reported to MicroCapital that it has made investments equivalent to USD 6.9 million in Bolivian microfinance institution (MFI) Crecer and Colombian MFI Fundacion Mundo Mujer (FMM) Popayan.
MICROCAPITAL BRIEF: Cambodian Credit Bureau (CCB) Begins Operations in Phnom Penh after Four Years of Planning
After a lengthy planning process that began in 2008, the Cambodian Credit Bureau (CCB) was officially launched in Phnom Penh on March 19, 2012.
MICROCAPITAL BRIEF: Freedom from Hunger, Oikocredit to Implement Health Protection Through Microfinance Institutions in Ecuador, Peru
Freedom from Hunger, a US-based non-governmental organization that aims to alleviate poverty, and Oikocredit, a Dutch cooperative investment fund, plan to partner with six microfinance institutions (MFIs) in the Andes mountains of Ecuador and Peru to implement Freedom from Hunger’s microfinance and health protection model.
MICROCAPITAL BRIEF: Cambodia’s Microfinance Loans Increase by 42% While Non-Performing Loans Decrease from 1.3% to 0.4%
According to data cited by Cambodian newspaper, the Phnom Penh Post, for 28 of the 30 members of the Cambodian Microfinance Association (CMA), outstanding microloans rose 41.5 percent from 2010 to 2011, from USD 648 million to USD 916 million.
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].
MICROFINANCE EVENT: Invest in Mekong Region Marketplace, Siem Reap, Cambodia, February 23, 2012
Event Name: Invest in Mekong Region Marketplace
Event Date: February 23, 2012
Event Location: Khemara Angkor Hotel, Siem Reap, Cambodia