From the category archives:
Janalakshmi Financial Services (JFS) which is promoted by former Citigroup Inc banker Ramesh Ramanathan has raised $10 million (Rs45.8 crore) in its second round of funding.
The funding round was led by Singapore-based hedge fund Tree Line Asia Master Fund and Bellwether Microfinance Fund which has been an initial investor in the firm. Narayan Ramachandran who [...]
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Private equity firm Sequoia Capital is set to become a promoter of the country’s largest microfinance institution, SKS Microfinance Ltd.Sequoia, which currently owns 24% in SKS, will lead three other venture capital firms in the move. This is the first time in India that venture capital investors are becoming promoters of a company that is [...]
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MICRO-FINANCE: LESSONS FROM INTERNATIONAL EXPERIENCE
Given below are 10 major lessons learned from the worldwide experience with mF which summarises an experience of roughly 30 years. Though country-wise experience may vary, the lessons provide a sound basis for understanding the role limitations of mF.
Lesson One –The Poor Are Bankable
There is [...]
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Capital Trust Ltd, a Delhi-based financial services firm which used to provide two wheeler auto loans for Kinetic in North India, yesterday announced that it has now forayed into the country’s booming microfinance sector.
The company which is listed on the BSE and is non-banking finance company (NBFC) has altered a clause so that Capital Trust [...]
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Bajaj Allianz Life Insurance Company and Religare AMC have subscribed to these NCD’s
SKS Microfinance, India’s largest microfinance company has raised Rs 100 crore by issuing Non Convertible Debentures worth Rs 75 crore to insurance major Bajaj Allianz Life Insurance Company Ltd and another tranche of Rs 25 crore on February to Religare [...]
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RBI issues veiled threat to MFIs: Microfinance could soon lose priority sector lending status
India’s booming microfinance segment is under the scanner, with the Reserve Bank of India (RBI) issuing a veiled warning that it could be taken off the priority sector lending list of banks if the industry fails to improve [...]
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Esther Duflo, MIT economist and co-founder of the Poverty Action Lab, asks why the world’s poorest people tend to stay poor.
Duflo’s pioneering research applies randomized trials, used extensively in drug discovery research, to development economics. What she discovers are strategies for transforming current approaches to development policy.
In July 2009 Prof. Esther Duflo had presented her [...]
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As with any financial services company, a large volume of paperwork was generated daily at Equitas. The greatest challenge faced by the company was verifying the accuracy of the data given the manual document creation and processing mechanisms. Manual checking of application forms also meant lower employee productivity levels. This led to delays in responding [...]
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Understand, Learn, Improve
Workshop on Capital Structuring and Equity Raising in Microfinance
February 25-26, 2010 | Hyderabad
Register now for Intellecap’s 2-day participatory workshop on Captial Raising and Equity Structuring in Microfinance.
Course Faculty:
Vineet Rai- Co-Founder, Aavishkaar Goodwell and Intellecap
Anurag Agarwal- Investment, Valuation Expert and Sr.VP, Intellecap
Atreya Rayaprolu- Deal Expert and VP, Intellecap
Satish Pai- Valuation [...]
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Sequoia capital which already has investments in SKS and Ujjivan has now acquired a 10% stake in Equitas for 44 crore from one Kalpathi Suresh who is the founder of SSI Education. Kalpathi Suresh had invested Rs3.5 crore to acquire the 10% stake in Equitas in 2007-08 and it did not include any management rights [...]
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Infosys Technologies Ltd’s founder N.R. Narayana Murthy who has founded a Rs 600 crore venture capital fund by the name of Catamaran Investment Pvt. Ltd is likely to make its first investment in SKS Microfinance Ltd, SKS Microfinance will be the first Indian microfinance institution to hit the market with an initial public offering (IPO) [...]
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APEX’10 Summit to Discuss Role of Venture Capital in Financial Inclusion
The Venture Intelligence APEX ’10 Private Equity & Venture Capital Summit, scheduled for February 3-4 at Mumbai, is to feature a high power panel discussion on the role of Private Equity and Venture Capital in Financial Inclusion.
Industry speakers on the panel include:
• Padmaja Gangireddy, MD, [...]
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