Owner: India Microfinance URL:http://www.indiamicrofinance.com/ Join Date: Tue, 14 Oct 2008 00:49:17 -0500 Rating:0 Site Description: India Microfinance provides news and views about the emerging microfinance sector in India along with information about best practices in micro credit and micro loans. Site statistics:Click here
UNITUS makes an investment in MMFL 2008-10-12 23:17:00 Madura Micro Finance gets Rs 22cr from Unitus Equity Fund
Madura Micro Finance Limited (MMFL), a leading Indian Microfinance Institution (MFI), has received a funding of Rs 22 Crores from the private equity investment
firm Unitus Equity Fund L.P. (UEF). UEF makes
strategic investments in high growth microfinance institutions and social enterprises and is managed by Elevar Equity LLC.
MMFL has b
I was first in my class, Loan Officer Uncle, I swear - NRI banks cater to needs of Indians 2008-10-11 00:58:00 Finally. An actual reason to care about your rep in the NRI community.
It seems banks
are sprouting up in the US that cater specifically to Indians
, according to this Hindustan Times article, which says a dozen such already exist. Indians sans credit history who might be viewed unfavorably at the big banks - where sub-prime angst runs thicker than unclarified butter - turn to these Amma and Ap Read more:class
, Uncle
Fabindia: Crafting Success 2008-10-11 00:53:00
Mention FabIndia to most of India's urban, upmarket shoppers and chances are they will have at least visited one of its stores, if not shopped there. Now William Bissell is on a mission to ensure his suppliers reap the benefits of the brand that he has nurtured.
William Bissel - MD of Fabindia
Bissell took over as managing director of FabIndia in 1999 and today heads a network of 87 stores in 39 Read more:Crafting
, Success
Banking Industry in the North East Region: making it financially more inclusive 2008-10-11 00:46:00 A report on the Banking Sector in the North
East Region by
Ministry for Development of North-East Region
Financial Intermediation has an important role to play in economic development. This has been increasingly realized in the world and hence the emphasis on ‘financial inclusion’ in recent years in all the countries. For the NER, this assumes significance given the fact that on the one hand Read more:inclusive
, making
Microfinance unscathed by financial crisis: Yunus 2008-10-04 08:54:00 ENEVA (AFP) — The financial crisis has not hit the microfinance system, Nobel Peace Prize winner Muhammad Yunus said Thursday, as he called for tougher regulations to prevent such shocks in future. "One good news in the middle of all these bad news: microfinance still works. Not hit by the meltdown process," Yunus said at the sidelines of an International Labour Organisation symposium on mic
For women, by women - Profiles of six outstanding women in Microfinance by BT 2008-10-04 08:45:00 Microfinance Institutions (MFIs), in India and elsewhere, work mostly for poor women—those labouring in the informal sector, those who are self-employed and those who need a bit of help to become self-employed and survive. But, as the sector grows bigger and bigger, managements of MFIs tend to be dominated by men for a variety of reasons.
BT picks out six outstanding
women who are at the Read more:Profiles
Equitas to raise 10 bn rupees via debt, equity 2008-10-04 08:41:00 Equitas Website -
MUMBAI: Start-up firm Equitas Micro Finance India (P) Ltd plans to raise
close to 10 billion rupees through a mix of equity and debt to help expand
its micro-lending business, a top official said on Friday.
The company, which raised 500 million rupees worth of private equity funds in August, plans to raise around 4 billion rupees via debt by March and another 6 billion rupe
Comat raises Rs 60 cr from Omidyar, Unitus 2008-10-04 08:37:00 Comat technologies website -
Comat Technologies, which operates a network of rural business centres, has announced that it has received an investment of Rs 60 crore from Omidyar Network and the Unitus Equity Fund (UEF).
Omidyar Network, the philanthropic investment firm of eBay founder Pierre Omidyar, led the investment round, which marks the organisation’s first direct investment in India.
IBM, Intel, Microsoft target micro finance for social, capital Returns 2008-09-28 09:54:00 Increasingly, mainstream technology firms like IBM
, Microsoft
and Intel
are looking at the microfinance
customer base and seeing an opportunity for new clients-microfinance institutions and their borrowers-and a way to help people who normally can’t afford to buy their products.C.K. Prahalad, the author and business strategist said in an interview released today in Microfinance Insights magazine Read more:capital
, Returns
Work before enrolling for MBA 2008-09-28 09:41:00 AHMEDABAD: For the top talent at IIM-A, investment bank has always been an infatuation and an eagerly awaited proposal (job). With a host of banking and financial sector firms offering lucrative job options, students did not need to look any further.
But while a majority of the flagship PGP students continue their tryst with the mainstream financial sector, of late, an increasing number is trying
Micro deposit machines to launch in India 2008-09-28 09:37:00 A technology solution firm, Financial Information Network and Operations Ltd (FINO) is soon going to launch micro deposit machines
in the India
n market. The company aims to take banking to the doors of poor by launching this machine.Manish Khera, CEO of FINO said, "Poor people find it difficult to go to banks and make a deposit.""These machines solve that problem, as they will be available at loca
Stringent norms may strengthen microfinance sector 2008-09-28 09:32:00 Raghuvir Badrinath / Chennai/ Bangalore September 11, 2008, 3:45
The microfinance sector
in India, which is presently growing around 130 per cent, is expected to get into the consolidation mode in the near future.
The sector, which has lent close to Rs 10,000 crore, is moving aggressively to expand its operations. With tighter capital adequacy norms expected to come into place in 2009 and 2010,
MFIs feeling credit crunch 2008-09-24 23:16:00 The global credit
crunch has led to a significant drop in fund flow to the microfinance sector, which are required to provide 32-40 per cent of their loans to the priority sector (which includes rural credit), are the largest providers of funds to MFIs.They lend to microfinanciers, who then on lend to the poor at a higher rate.
But with banks' lending rates rising more than 200 basis points ove
An introduction to Bandhan Microfinance India 2008-09-24 13:51:00
From Bandhan's corporate website
About Us
Poverty and inequality mutually reinforce and breed the degeneration of a society. The world's largest democratic republic faces a long and demanding struggle to eradicate the evil of glaring socio-economic disparity which can destroy the very fabric of democracy, if left unchecked.
It is this disparity that we, at Bandhan, aim at fighting through sust Read more:India
Muhammad Yunus in Bangalore to study health sector 2008-08-26 01:46:00 Bangalore August 19, 2008: The Nobel laureate Muhammad
Yunus who was awarded the Nobel prize for his contributions in the field of micro credit was in the city and had interaction with few specialists in health sector
and media representatives. For the first time the city's high flying and creamy layer was thumped with the simplicity of a Nobel Prize winner. The day long interaction with the Nobel Read more:Bangalore
Newsweek article on Microfinance - Lining Up the Loan Angels 2008-08-26 01:28:00 Newsweek tells us that poverty is undone by savings, not by lending. We know that. Good micro-bankers have maintained for years that microfinance should be savings led, not credit led. Newsweek tells us that there is no evidence that microcredit itself undoes poverty. We know that. Responsible micro-bankers have transparently identified this lack of hard, conclusive data for years.
Newsweek Read more:Angels
, Newsweek
Micro finance gaining in popularity 2008-08-26 01:18:00 It is primarily aimed at helping the poor in rural areas
— FILE PHOTO
BANKING ON UN-BANKED: Self-help group members engaged in embroidery work on saris.
Time was when banks were the only or Read more:finance
GUEST EDITORIAL: Lessons for Microbankers from the Current U.S. Sub-Prime Lending Fiasco 2008-08-26 01:07:00 Microfinance managers would do well to pay attention to the latest meltdown in the U.S. sub-prime mortgage market. The most recent crisis mirrors the burst sub-prime bubbles of 1998 and 1989. In all three instances negative loss trends among underlying loans led to panic among bankers financing sub-prime lenders and portfolios, resulting in cancellation of credit lines. A host of sub-prime origina Read more:Current
, Fiasco
, Lending
, Lessons
Contact Us 2008-08-24 23:18:00 Indiamicrofinance.com is an online information source for the Indian microfinance community. Our web team reads and responds to every email. We are always interested to hear your feedback and suggestions on how to improve the website.You can also contact us if you require any specific information about the micro finance sector or job listings on this website.
Contact us by email at
feedback@ind
About Us 2008-08-24 22:56:00 Indiamicrofinance.com publishes specialized news and information on the emerging microfinance sector with an emphasis on the Indian Microfinance Industry. Indiamicrofinance.com seeks to provide candid information on microfinance with the goal of encouraging rational growth of the industry.DisclaimerThe contents of this website are for information purposes only. The information on this website does
Now, pushing farm loans via microfinance 2008-08-21 03:08:00 MUMBAI: IndusInd Bank and SKS Microfinance have entered into a structured deal for advances to the agricultural and allied sector worth Rs 150 crore.
The deal would be executed in two phases. “The first tranche of Rs 100 crore has been closed on July 29, and the second tranche is slated to be concluded in February 2009,” the bank in a release said on Wednesday.
Grameen Capital, the investmen
Indusind Bank copartners Rs 1 bn microfinance transaction 2008-08-21 03:00:00 Indusind Bank copartners Rs 1 bn microfinance transaction
Induslnd Bank, Grameen Capital India and SKS Microfinance, today announced the closure of Rs 1 billion assignment of microfinance receivables.
This transaction was structured and arranged by Grameen Capital India and comprised a pool of advances to the agriculture and allied sectors.
IndusInd Bank has been assigned micro finance receivab
Samridhi Finance unveiled new identity 2008-11-05 01:12:00 After acquiring Magauri Securities and disbursing its first loan to the clients, Samridhi finance is ready with a new identity
.Five sketches reflect five different identities forming a group, with their union with Samridhi gives a new hope/beginning, which is what the rays reflect. Read more:unveiled
Islamic Microfinance 2008-11-04 23:02:00 Workshop on Islamic
microfinance held in DelhiSubmitted by Mudassir Rizwan on Tue, 11/04/2008 - 12:13. Indian MuslimBy TwoCircles.net news desk,New Delhi: An international training program and workshop to discuss the nuances of Islamic microfinance was recently held in New Delhi under the aegis of Islamic Business and Finance Network (IBF Net) and its Institute of Microfinance and Development in a
Tough times for MFIs 2008-11-02 22:54:00 Financing FOR the poor is getting more frugal now with microfinance institutions facing the heat of the global financial meltdown. Therloans till January as banks will try to complete their priority sector lending targets more aggressively only in the last quarter of the fiscal.
The total disbursements to MFIs aggregate to around Rs 1 lakh crore and south India is the hub of microfinance activ Read more:Tough
Microfinance Institution Profiles - S.E.Investments 2008-10-26 04:14:00 About S.E.Investments
Ltd
The company is engaged in the business of advances against stocks goods equipment, immovable property and other assets and providing Safe Deposit Locker services. The company is also having 2.4 MW WEG at Banglore and 0.80 MW WEG at Jaiselmerin the State of Rajasthan. The company is a category `A' Deposit Accepting Non Banking Financial Company registered with Reserve Ba Read more:Profiles
Recommend Site To A Friend
