Microfinance News Digest

An electronic slate for Microfinance – News Digest

A slate for micro-finance
Over the past three decades, the global micro-finance sector has grown substantially, with mainstream banks realising its benefits for social support and meeting profit margins. But simple issues still plague everyday operations. TH


electronic microfinance

Managing Microfinace with Paper, Pen and Digital Slate. Image-credit:research.microsoft.com

Sidbi to unveil Rs 850 crore VC funds to support SME
Small Industries Development Bank of India, or Sidbi, plans to launch three venture capital funds worth 850 crore this fiscal to support small and medium enterprises. ET

Village self-sustenance plan to be completed by 2027: Nileema Mishra
Nileema Mishra, who won the Ramon Magsaysay award for 2011 in the emergent leadership category, has set a deadline of the year 2027 to finish her three-phase self-sustenance plan for villages in Maharashtra. She aims to reach her goal through micro-credit and women’s self-help groups (SHGs). TOI

Half of microcredit goes to well-off people: Study
A lot of microcredit is wasted on the well-off; there is yet another problem that many of the poorer households do not benefit from it,” said Prof SR Osmani, teacher of Development Economics at the University of Ulster, UK and a visiting fellow of Institute of Microfinance in Dhaka. FE

MFI Ujjivan to raise Rs 100 cr via pvt placement by Nov
Bangalore-based, urban market-focused microfinance firm Ujjivan Financial Services today said it plans to raise Rs 100 crore through private placement by November.BS

Vijaya Bank lends micro credit to 1,900 SHGs
Assigned to cover Mandya district to provide basic banking services through IT-enabled financial inclusion, the average micro credit loan size to SHGs has risen manifold. It has surpassed Rs 2 lakh. BS

Corporate politics is a reality: Ravi Subramanian

Micro-credit body Kudumbashree to offer consultancy to Centre
he Union Rural Development Ministry has decided to rope in the micro-enterprises consultancy services of the Kerala-based women’s micro-credit body Kudumbashree for its National Rural Livelihood Mission, an executive said today. IBN

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