http://indiamicrofinance.com Microfinance and Business News Wed, 03 Mar 2010 04:05:29 +0000 http://backend.userland.com/rss092 en By now, most of you might have heard of these statements (from startups/VCs/media etc) You can’t build a global technology company from India without spending a fortune [read: cash strapped startups cannot build one] You always need funding to make it big. Consumer Internet is just not happening in India (i.e. one cannot build a profitable Internet company from India) Wrong! [...] Related posts:

1. Proto.in – Meeting ground for Venture Capitalists and Entrepreneurs – Get Funding Now !
2. Aahar, Asia's leading event on food processing and technology in New Delhi
3. IIM-Bangalore summit for entrepreneurs – Eximus – August 15-16
4. Conference on financial Inclusion and responsible microfinance 17-18 March 2010 at New Delhi.
5. Entrepreneurs in India – Big money in bad times

]]> http://indiamicrofinance.com/blog/business/events-for-entrepreneurs/unpluggd-on-march-6th-an-event-for-entrepreneurs-be-there.html A video excerpt from Daniel Pink’s book DRIVE: The Surprising Truth About What Motivates Us Two questions that can change your life The above video is adapted from an extract from Daniel Pink’s new book Drive About the book – Drive Most of us believe that the best way to motivate ourselves and others is with external rewards like [...] Related posts:

1. NBFC – Frequently Asked Questions – RBI
2. In response to Devinder Sharma’s questions
3. Thinking about starting a business? First, learn the myths of Entrepreneurship
4. Green Mango Interview on Small Business Entrepreneurs
5. Business in India:Development Statistics and Data

]]> http://indiamicrofinance.com/blog/self-improvement/motivation/two-questions-that-could-change-your-careerbusiness.html 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 [...] Related posts:

1. Guest Editorial: Lessons for Microbankers from the Current U.S. Sub-Prime Lending Fiasco
2. Entrepreneurship Lessons | Ten tips on raising funds for the first time
3. International Conferences on Microfinance and Call for Research Papers on Microfinance
4. Saija Microfinance recieves investment from Accion International
5. International Conference on Microfinance 22-24 Jan 2010 @ Pondy Univ, Puducherry

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-india/microfinance-10-lessons-from-the-international-experience.html 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 [...] Related posts:

1. Narayan Murthy sells Infosys stocks to start Venture Capital fund
2. Conference on role of Venture Capital in Financial Inclusion, Feb 3-4,2010 Mumbai
3. SKS Microfinance Raises $75.4m in Equity Capital in Transaction Led by Sandstone Capital
4. First Multi Originator Securitisation in Microfinance by IFMR Capital
5. Alibaba Group and Grameen Trust join to create Grameen China Microfinance

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-stocks/capital-trust-stock-shoot-up-the-roof-after-it-announces-its-microfinance-venture.html 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 [...] Related posts:

1. Bandhan Microfinance raises 50 Crore(US $10.7 million) from SIDBI
2. Gates foundation to provide credit groups with US$ 38 Million Grant (Approx Rs 175 Crore)
3. SKS Microfinance gets Rs 50 crore funding from Bajaj Allianz
4. Spandana raises Rs 80 crore via Non Convertible Debentures
5. SKS Microfinance raises Rs 75 crore from debt capital market

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-india/sks-microfinance-raises-more-than-rs-100-crore-from-ncds.html 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 [...] Related posts:

1. Microfinance India News Digest – 12/10/09
2. Microfinance India News Digest – 20/10/2009
3. Microfinance India News Digest – 23/10/2009
4. International Conference on Microfinance 22-24 Jan 2010 @ Pondy Univ, Puducherry
5. Microfinance World – News Digest – 3/11/09

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-india/microfinance-links-digest-18022010.html Free Software to monitor your productivity on your computer Fruitful Time Productivity Meter tracks the active versus idle time, how your active time is split among applications, which applications were used the most, and which websites you browsed and for how long. You can review the stats for the last day, week, month or a user [...] Related posts:

1. Cranes gets microfinance project from L&T Finance
2. Equitas Fine-tunes Processes Using Newgen's Document Management Solution
3. New Version of Mifos Open Source Microfinance Software released by Grameen Foundation

]]> http://indiamicrofinance.com/blog/self-improvement/software/enhance-your-productivity-by-tracking-and-categorizing-your-computer-time.html 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 [...] Related posts:

1. World's Experts Mulling about the Poverty
2. Micro-Finance Institutes can be a solution for Jammu and Kashmir's Poverty
3. Dignity In the Cities – Tackling Urban Poverty
4. Can Microfinance Eradicate Poverty In India?
5. The power of mobile money – Economist Special Issue

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-videos/mit-economist-esther-duflo-on-ending-poverty.html 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 [...] Related posts:

1. Equitas Fine-tunes Processes Using Newgen's Document Management Solution
2. Microfinance Podcast 7 – Delinquency Management Process. Spandana, India.
3. Free Microfinance Software – Mifos – Management Information System (MIS) for MFI's
4. Tough times for MFIs
5. THE PERILS OF PALAMU – Life and times of the people of Bihar

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-operations/document-management-software-helps-equitas-process-loans-three-times-faster.html 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 [...] Related posts:

1. Risks facing Indian Microfinance and Equity Valuation of Microfinance Institutions
2. Valuing Equity Investments in Microfinance
3. High Valuations deter Private Equity Investments in Indian Microfinance Sector
4. Entrepreneurship Lessons | Ten tips on raising funds for the first time
5. Asmitha Microfinance raises Rs 50 Crore from Blue Orchard Private Equity

]]> http://indiamicrofinance.com/blog/sms-updates/microfinance-equity-raising-workshop-feb-25-262010-hyderabad.html Lok Capital LLC, a Mauritius-based venture capital fund, has invested an undisclosed sum in RuralShore Business Services Pvt Ltd, a Bangalore-based company. HDFC Ltd is a strategic investor in RuralShores holding 26% equity in the company. Reuters has more information about the deal Lok Capital invests in RuralShore Business Services Related posts:Lok Capital LLC invests Rs 7 Crore($ [...] Related posts:

1. Lok Capital LLC invests Rs 7 Crore($ 1.75 mn) in Asirvad Microfinance
2. Dia Vikas Capital Invests in Arth Microfinance
3. Aavishkaar India Micro Fund Invests Rs 2 Cr In Swas Healthcare
4. Aavishkaar invests in portable toilet operator Saraplast Private Limited
5. SKS Microfinance Raises $75.4m in Equity Capital in Transaction Led by Sandstone Capital

]]> http://indiamicrofinance.com/blog/business/opportunities/lok-capital-invests-in-rural-shores-bpo.html 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 [...] Related posts:

1. IFMR Capital, Equitas in deal for micro lending
2. Equitas Microfinance secures first mutual fund investment.
3. Equitas Fine-tunes Processes Using Newgen's Document Management Solution
4. Document management software helps Equitas process loans three times faster
5. Equitas to raise 10 bn rupees via debt, equity

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-private-equity/sequoia-buys-10-in-equitas-for-44-crore.html Last month Jack Dorsey the creator of Twitter unveiled his new device and service to make bulky and expensive credit card swiping machines – History. The Solution goes by the name Square and is being funded by Vinod Khosla of Khosla Ventures fame.(Editors Note – Vinod Khosla is also an investor in SKS Microfinance and Grama Vidiyal [...] Related posts:

1. Are you ready for the future ?
2. Beam Micro payment service launched
3. Microfinance Institutions in India start consumer lending but payment concerns remain
4. MFIs feeling credit crunch
5. Micro finance , Micro credit Debate – Vandana Shiva – Susan Davis

]]> http://indiamicrofinance.com/blog/business/business-ideas/the-future-of-credit-card-swiping-is-square.html 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) [...] Related posts:

1. Narayan Murthy sells Infosys stocks to start Venture Capital fund
2. Interview with Narayan Murthy on Entrepreneurship
3. India Financial Inclusion Fund to invest in Sonata Microfinance
4. Belgian firm Incofin acquires stake in Asomi Microfinance
5. Temasek Holdings to acquire 10% stake in Spandana Microfinance

]]> http://indiamicrofinance.com/blog/microfinance/microfinance-private-equity/narayan-murthy-to-invest-in-sks-microfinance-in-pre-ipo-stake-sale.html 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, [...] Related posts:

1. Conference on financial Inclusion and responsible microfinance 17-18 March 2010 at New Delhi.
2. International Conference on Microfinance 22-24 Jan 2010 @ Pondy Univ, Puducherry
3. India financial inclusion fund raises additional $20 million
4. India Financial Inclusion Fund to invest in Sonata Microfinance
5. Narayan Murthy sells Infosys stocks to start Venture Capital fund

]]> http://indiamicrofinance.com/blog/sms-updates/conference-on-role-of-venture-capital-in-financial-inclusion-feb-3-4-mumbai.html