From the monthly archives:
Share Microfin, a regulated microfinance institution, is looking to raise close to Rs 250 crore through the private equity route. The Hyderabad-based company started in 1989 and having close to 2 million clients spread over 16 states in India, has made a total disbursement of Rs 5,100 crore with an outstanding portfolio of Rs 1,100 [...]
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Innovation flash is published by the International Labour Organisation and focuses on innovations in Micro Insurance and Grants available for MFI’s. Note – Click on the full screen icon at the bottom right hand corner of the embedded box to read it in full screen. Innovation Flash Microinsurance Newsletter – May 2009 View more PDF [...]
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Geneva heaves a sigh of relief. With Kamal Nath moved out of the Commerce Ministry, the probability of concluding the contentious Doha Development Round of the WTO appears much brighter. Not that Kamal Nath was un-necessarily throwing spanners but his strong grip over the trade negotiations helped India to resist bullying and arm-twisting by the big boys [...]
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The rot had set in quite sometime back. It is now like the last stage of a cancerous growth. What was once viewed as an institution in itself — much above the institute that he/she would be heading — and I am talking of the prestigious position of a Vice-Chancellor, is in an advanced stage of decay.If there [...]
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Alitheia Capital, in collaboration with its partners- Goodwell Investments BV and Ghana-based JCS Investments, yesterday, announced a $50 million (N7.4 billion)fund, aimed at lifting microfinance institutions (MFls) in Nigeria and Ghana. The fund is expected to increase to $500 million (N74 billion) in future, as Alitheia and its partners expand their scope to other parts [...]
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Miami, US: US-based Endeavor Global , a non-profit group formed in 1997 and whose mission is to promote the growth of entrepreneurs in emerging markets, selects what it calls “high impact” entrepreneurs from developing nations and offers them intensive strategic and management support. By high impact, Endeavor means these firms have the potential …
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A little more than a year ago, Rajesh Razdan quit his well-paying job with a global cellphone company to launch a small start-up to offer a slew of new services to cellphone users. India’s recent economic boom, he said, was the perfect setting in which to become an entrepreneur. For his new venture, mCarbon, Razdan, [...]
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Largest Debenture issue by a MFI till date First MFI to list on the stock exchange Standard Chartered is sole book runner and lead arranger SKS Microfinance, India’s largest and the world’s fastest growing microfinance company, and Standard Chartered Bank, the country’s largest international bank, have completed a unique transaction in the debt capital market, [...]
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MUMBAI: In the wake of the world’s worst financial tsunami, micro finance seems to be the new buzz in the mutual fund industry in India. Industry players find it a new way to enhance reach of the industry, which is still in its nascent stage as compared to developed countries. Bruised by the market recession, [...]
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The Non-Banking Financial Companies clocked higher profits in 2008-09 as compared to those of commercial banks reeling under liquidity crunch, a survey by industry body Assocham said. “Over all profitability of NBFCs in 2008-09 stood higher at 18.90 per cent compared to commercial banks whose average profitability has been at the lower side of 10.08 [...]
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As India elects a new government, banker J S Parthiban tells how he has pioneered banking schemes to free people from the grip of exploitative money lenders in New Delhi and Salem, Tamil Nadu. In his experience, microfinance and microcredit can help the world’s poorest people and ensure banks are not purely profit-driven An Indian [...]
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