Asia

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MICROCAPITAL BRIEF: State Bank of Pakistan (SBP) Reduces Provision Requirements for Microfinance Loans

The State Bank of Pakistan (SBP) has withdrawn general provision requirements for loans extended by microfinance banks (MFB) that are secured against collateral.

MICROCAPITAL BRIEF: Pakistan Poverty Alleviation Fund Invests in Jinnah Welfare Society Through Newly-Launched Equity Fund for Microfinance Institutions Aimed at Attracting Commercial Funding For Rural Expansion

The nonprofit Pakistan Poverty Alleviation Fund (PPAF) reportedly has established an equity fund to invest in microfinance institutions (MFIs) in an effort to facilitate access to commercial financing, with the ultimate goal of increasing growth and facilitating expansion into rural areas.

MICROCAPITAL BRIEF: Orascom’s Mobilink Receives Approval to Offer Mobile Microfinance Banking in Pakistan

The State Bank of Pakistan (SBP), Pakistan’s central banking authority, has reportedly granted approval to Orascom, an international telecommunications company headquartered in Cairo, Egypt, to initiate a mobile microfinance banking service in Pakistan. Mobilink, a subsidiary of Orascom, serves about 31 million subscribers throughout Pakistan.

MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $5m in Equity from Norwegian Microfinance Initiative, Aavishkaar Goodwell, International Financial Corporation

Utkarsh Micro Finance Private Limited (Utkarsh), an Indian microfinance institution (MFI), has raised equity commitments of INR 15.8 crores (USD 3.2 million) from Norwegian Microfinance Initiative (NMI) Frontier Fund, a public-private partnership (PPP) that provides technical and financial support to “emerging” microfinance institutions; INR 6 crores (USD 1.2 million) from Aavishkaar Goodwell I

MICROCAPITAL BRIEF: Indian Microfinance Sector Expected to Decline by 20 to 40 Percent During Fiscal Year Ending March 2012

Data from India’s 39-member Microfinance Institutions Network (MFIN) for the first five months of fiscal year 2011-2012 indicate a decline in the industry’s loan portfolio. “For the first time in the history of Indian microfinance, the industry is likely to witness negative growth this year.

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