Asia

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.

MICROFINANCE EVENT: Third International Conference on Institutional and Technological Environment for Microfinance (ITEM3), New Delhi, India, January 4 – January 7, 2012, Papers Solicited for Issue of Cost Management Journal

Event Name: The Third International Conference on Institutional and Technological Environment for Microfinance (ITEM3): Cost Management & Social Performance in Microfinance
Event Date: January 4 – January 7, 2012
Event Location: India Habitat Center (Magnolia Hall), Lodhi Road, New Delhi 110003, India

MICROCAPITAL BRIEF: Prathama, Aryavart Gramin, Gomti-Kashi Banks Bring Solar Lighting to India’s Rural Villages Through Microfinance

Microfinance has been successful at bringing solar lighting to India’s rural villages, according to an article in Indian science and environment magazine Down To Earth. Solar home lighting systems often cost about INR 14,000 (about USD 280), a prohibitive price for most households living in areas with limited electricity.

MICROCAPITAL BRIEF: Microfinance Institutions Move to Recover “Pre-Crisis” Loans Worth $1.4b in Andhra Pradesh, India

Microfinance institutions (MFIs) in Andhra Pradesh, India, have started talks to recover outstanding loans amounting to INR 7,000 crore (approximately USD 1.4 billion), which they have been unable to collect since the repayment dropoff in the state started in 2010.

MICROCAPITAL BRIEF: Microfinance Innovation Center for Resources and Alternatives (MICRA) of Philippines to Join Grameen Foundation’s Bankers without Borders Alliance, Organize Volunteer Consultants Working with Microfinance Institutions

Bankers without Borders (BwB) Alliance, a volunteer initiative of the US-based nonprofit Grameen Foundation, recently announced that Microfinance Innovation Center for Resources and Alternatives (MICRA), a microfinance consulting and advisory firm in the Philippines, will become the fifth member of the alliance [1].

MICROCAPITAL BRIEF: “An Examination of Challenges and Prospects of Microfinance Sector of Pakistan”, A Study by Seyed Ibn e Ali Jaffari et al Highlights Internal Weaknesses, Religious Concerns

A study recently published in the European Journal of Economics, Finance and Administrative Sciences draws attention to challenges faced by the microfinance sector in Pakistan.

MICROCAPITAL BRIEF: Indian Microfinance Institution (MFI) Ujjivan Looking to Raise $138m from Private, Public Sector Banks

Ujjivan Financial Services, an Indian microfinance institution (MFI), reportedly plans to raise up to INR 6.2 billion (USD 138 million) from the Small Industries Development Bank of India (SIDBI), a government-owned financial institution, along with other unspecified private and public-sector banks.

MICROCAPITAL BRIEF: Indian Microfinance Institution Bandhan Financial Services Raises $29m in Equity from International Finance Corporation (IFC), Arranged by Intellecap

Indian microfinance institution (MFI) Bandhan Financial Services Private Limited recently raised INR 135 crore (the equivalent of USD 29 million) from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group [1]. The deal was arranged by Intellecap, an advisory firm with operations in India and Africa.

MICROCAPITAL BRIEF: Citi Foundation Donating $1m to Habitat for Humanity for Microsavings, Housing Assistance, Financial Education in the Philippines, Thailand, Vietnam

The Citi Foundation, the charitable arm of US-based financial services conglomerate Citigroup, will provide a USD 1 million grant to Habitat for Humanity, a US-based nonprofit organization that focuses on affordable housing, to develop the “Citi-Habitat Home Improvement Microsavings Program.” This pilot initiative is intended to provide a combination of access to savings products, financial edu

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