Microfinance Horizon

29 November 2010 [Syminvest] Islamic loans targeting Indonesian small businesses have grown to dominate Shariah-compliant credit in the world’s most-populous Muslim nation, prompting the country’s biggest banks to expand. PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance loans because more than 90 percent of Indonesia’s 50 million small [...]

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27 November 2010  [TheJakartaGlobe] Bank Rakyat Indonesia, the country’s second-largest lender by market value, is looking to purchase a mid-size bank to boost its reach in the microfinance business, a company executive said on Friday. “Bank Rakyat Indonesia now wants to acquire a bank which has the same vision,’’ said Muhammad Ali, the lender’s corporate [...]

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