mardi 17 janvier 2012

Symbiotics NewsWatch #193, 17 January 2012

Jan. 16Myanmar: UK to Up Support For Credit Program
The United Kingdom’s Department for International Development will provide an additional £10 million (US$15 million) for microfinance projects, a spokesperson said last week.
Source: Myanmar Times

Jan. 15India: Can India’s MFI Industry be Saved?
The government and RBI must draw an MFI survival strategy before it’s too late. We need them at least till such time the banks are ready to reach out to the masses.
Source: LiveMint

Jan. 13China: Scaling Up Impact Investing In China
Opportunities in China for impact investing are growing, where investors look to create positive social and environmental benefits alongside returns. Impact investors actively choose to put their money into companies that address social and environmental issues through their business models.
Source: Next Billion

Jan. 12MicroRate Releases Luminis, First Analytical Platform on Microfinance Funds
On December 20, 2011, MicroRate, with the support of LuxFLAG and the Grand Duchy of Luxembourg, launched Luminis(TM) the first web-based, analytical platform focused on microfinance funds, also known as microfinance investment vehicles (MIVs).
Source: Market Watch

Jan. 11Kyrgyzstan: EBRD and FMO Grant First Ever Syndicated Local Currency Loan in the Kyrgyz RepublicMicrofinance institution Mol Bulak Finance (MBF) has received the first ever syndicated local currency (som) loan in the Kyrgyz Republic.The syndicated loan, which was arranged by the EBRD, will be for the Kyrgyz som equivalent of USD 9 million comprising an A-loan for the EBRD up to USD 3 million and a B-loan for FMO (the Netherlands Development Finance Company) of up to USD 6 million.
Source: FMO

Jan. 11Cambodia: Debt Fears for Farmers Calls for Lower Microfinance Rates Small loans at Cambodia’s MFIs carry monthly interest rates as high as 4 per cent, Kalyan Mey, a senior advisor to Cambodia’s Supreme National Economic Council, told the Post yesterday. At the highest, yearly rates on the loans can hit nearly 50 per cent without compound interest, which is unsustainable for Cambodia’s rural economy, he said.
Source: The Phnom Penh Post

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