MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Witch Hunts in India; Poverty Scorecard for Myanmar; Andhra Pradesh Clients Post-Microfinance Crisis

Strategic Framing Work(s): How Microcredit Loans Facilitate Anti-Witch-Hunt Movements,” by Soma Chaudhuri and Anuradha Chakravarty; published by Mobilization; June 2012; 19 pages; available at: https://vaw.msu.edu/wp-content/uploads/2013/10/chaudhuri_2012_micro-credit.pdf

MICROCAPITAL BRIEF: Myanmar Caps Microloan Interest Rates at 17%, Germany’s Savings Bank Foundation for International Cooperation (SBFIC), Philippine’s CARD Fund Mingalar Myanmar, Myanmar Egress Microfinance Projects

Sparkassenstiftung fuer internationale Kooperation (Savings Bank Foundation for International Cooperation, SBFIC), a development organization that finances microfinance institutions (MFIs), and the Centre for Agriculture and Rural Development (CARD), an MFI in the Philippines, recently signed deals to begin microfinance projects with Mingalar Myanmar and Myanmar Egress, two NGOs in Myanmar.

MICROCAPITAL BRIEF: Dr Hans Dieter Seibel Calls for Liberalisation of Myanmar’s (Burma’s) Financial Sector; UK’s Department for International Development Commits $15m to Support Rural Microfinance

In an interview with the Myanmar Times newspaper, rural microfinance specialist Dr Hans Dieter Seibel discussed his views on Myanmar’s (Burma’s) financial sector and calls for a liberalized regulatory framework.

MICROCAPITAL BRIEF: Economists Question Myanmar’s (Burma’s) Microfinance Plan Due to Corruption, Macroeconomic Instability

Economists cite corruption and macroeconomic instability as potential threats to effectiveness of a microfinance scheme that is being developed by the government of Myanmar (Burma).

MICROCAPITAL BRIEF: Myanmar’s (Burma’s) Banned Opposition Party, National League for Democracy (NLD) to Launch Microfinance Program

The National League for Democracy (NLD), a banned political opposition party in Myanmar (formerly known as Burma), is reported to be planning the launch of a microcredit program to provide small, interest-free-loans in South Okkalapa Township of Burma’s capital city, Rangoon.

MICROCAPITAL STORY: Microfinance Institution MBEG (Myanmar Business Executive Group) to Support Burmese Cyclone Victims with $45k in Microloans

The Myanmar Business Executive Group (MBEG), a nonprofit organization operating in Myanmar, has announced a plan to assist victims of Cyclone Nargis that struck Myanmaar in May 2008. The organization’s management said MBEG would provide small loans to cyclone victims so they can rebuild houses and restart businesses. MBEG plans to offer loans between MMK 50,000 (USD 42) and MMK 200,000 (USD 167) in size, depending on how badly the client was affected by the cyclone. Loans will have a six-month term, and will incur a fee of 1 percent per month. Borrowers will be granted loans on the strength of recommendations from five other individuals. Collateral is not required. MBEG has budgeted MMK 50 million (USD 45 thousand) for the project.

MICROCAPITAL BRIEF: Imkon of Uzbekistan Nets Convertible Debt from BOPA to Expand Microfinance, SME Finance

Imkon Finans, an Uzbekistani joint stock corporation that provides financial services to micro-, small and medium-sized enterprises, recently borrowed an undisclosed sum – in the form of debt that can be converted into equity – from Base of Pyramid Asia (BOPA), a Singapore-based investor in microfinance. Imkon, which is based in the city of Andizhan, plans to use the fresh cash to

MICROCAPITAL BRIEF: Gojo Raises $48m in Equity for Microfinance, Eyeing Digitalization in Asia, Expansion to Africa

Gojo and Company, an investor in financial inclusion in Asia, recently raised USD 48 million in a Series E equity round led by three of its ongoing investors, which were joined by 18 new investment firms and several individual investors. The plan for the fresh cash includes “strengthening the

MICROCAPITAL BRIEF: Silatech, Gojo Partner to Provide Digital Finance to Youth-led Enterprises in Cambodia, India, Sri Lanka

The Qatar-based social enterprise Silatech recently launched a three-year partnership with the Japanese microfinance investor Gojo & Company with the aim of supporting 90,000 youth in Cambodia, India and Sri Lanka with digital financial services to facilitate the founding and expansion of micro-, small and medium-sized enterprises (MSMEs). Among the strategies of the partnership is

MICROCAPITAL BRIEF: LOLC Cambodia Borrows $7m from Nordic Microfinance Initiative to Expand Financial Access in Rural Cambodia 

The Norway-based Nordic Microfinance Initiative (NMI) recently announced a subordinated loan of USD 7 million to Lanka Orix Leasing Company (LOLC) Cambodia, a member of the Sri Lanka-based LOLC Group, to expand lending and leasing services for individuals with low incomes who live in rural areas. The deal follows

MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $3.4m to Chamroeun for Microfinance in Cambodia

The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, recently announced it has disbursed a loan of USD 3.4 million to Chamroeun, a Cambodia-based microfinance institution (MFI). Chamroeun offers loans for

MICROCAPITAL BRIEF: KOMIDA Secures $3m from Grameen Crédit Agricole Foundation for Microfinance for Women in Rural Indonesia

Koperasi Mitra Dhuafa (KOMIDA), a microfinance institution in Indonesia, recently borrowed local currency equivalent to EUR 3 million (USD 3 million) from the Luxembourg-based Grameen Crédit Agricole (GCA) Foundation. The wholesale loan is to be used to

MICROCAPITAL BRIEF: MicroVest Loans $9m to Acleda Bank via IFC Syndication to Support SMEs in Cambodia, with Focus on Women Entrepreneurs

US-based asset manager MicroVest is lending USD 9 million for five years to Acleda Bank, a publicly traded firm that operates in three countries, to support Acleda’s provision of financial services to small and medium-sized enterprises (SMEs) in Cambodia, particularly those owned by women. The investment is part of a syndication for Acleda by the World Bank Group’s International Finance Corporation (IFC) that is to include up to USD 100 million each from IFC and

SPECIAL REPORT: CRECER, Dreamlopments, Fonkoze in Finals for European Microfinance Award 2021 on Inclusive Finance & Health Care

From the European Microfinance Platform (e-MFP): On the 22nd and 23rd September 2021, the Selection Committee for the European Microfinance Award 2021 (EMA 2021) on “Inclusive Finance & Health Care” chose the three finalists who will go on to compete for the EUR 100,000 (USD 117,000) prize: CRECER IFD from Bolivia, Dreamlopments Limited from Thailand and Fonkoze from Haiti.

Access to quality health care underpins everything else: it allows education to play its role in opening new opportunities; it allows people to earn, invest and employ others; it lets groups and societies prosper. But paying for health care is the single biggest

MICROCAPITAL BRIEF: Tagit Developing Mobile App for Advans Microfinance Institutions in Africa, Asia

Advans Group, a Luxembourg-based microfinance organization with operations in nine low- and middle-income countries, recently partnered with Tagit, a Singapore-based mobile technology company, to develop a mobile banking application for Advans customers. The app will be based on

MICROFINANCE PAPER WRAP-UP: “Microfinance Clients Facing the COVID-19 Crisis: From Findings to Action for MFIs;” by Mathilde Bauwin, Thu Hien Dao; Published by ADA

This paper explores the impact of the COVID-19 pandemic on clients of microfinance institutions (MFIs) in terms of: “Which client segments are most affected? How are they coping with the situation? What are they doing to