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Small investments, big changes
Microcredit provider Socio Lite Foundation extends loans worth about $22,000 a day. (Photos by Ken Kobayashi)
Women in groups of five cosign each other's loans, encouraging them to stay current on repayments.
Customer data is handled by JBrain, an app developed by Japanese software maker Japan Brain, and Linklusion, a microfinance consultancy, also based in Japan.
This woman, who is pregnant with her eighth child, is unable to pay back debts from multiple microlenders after her business failed.
With her husband unable to work due to ill health, a woman embezzled money from her village and could face charges. But over 99% of borrowers pay back their loans. If Myanmar’s microfinance industry can grow into a sound financial services market, it will help country’s overall economic growth.
Cambodia is one of the most underinsured countries in Asia.
Mourners from all over Thailand have gathered in Bangkok to pay their final respects to King Bhumibol Adulyadej, who died last October after a 70-year reign.
Hundreds of thousands of Thais looked on in silence as the late king's funeral cortege made its way from the Grand Palace to a specially built crematorium at Sanam Luang, a large open area in front of the palace, early on Oct. 26.
Five days of funeral rites relating to the cremation conclude on Oct. 29, bringing to an end more than a year of national mourning.
Thailand's King Bhumibol Adulyadej, the world's longest-serving head of state, died at Bangkok's Siriraj Hospital on Oct. 13 after a prolonged illness. During his 70-year reign, King Bhumibol, the ninth king in the Chakri dynasty, served as a stabilizing force for the country. Nikkei staff photographer Nozomu Ogawa documented the nation's mourning.
India's economy is growing up under Prime Minister Narendra Modi. Nikkei senior staff writer Go Yamada in December visited Mumbai and Delhi, where he found Modinomics to be a crowd of new faces mixing with the old.
Pope Francis visited the Philippines between Jan. 15 and 19 as part of his recent tour of Asia. KEIICHIRO ASAHARA, Nikkei staff photographer followed his procession through Manila.