Microfinance News Digest

Malegam’s Microfinance : The Last Laugh – News Digest

Malegam’s Microfinance : The Last Laugh – By M.S. Sriram

The priority sector tag for MFIs could become a contentious issue in the days ahead. Forbes

malegam microfinance

Q & A: Mark Stoleson, CEO, Legatum – ‘For the First time in India we have great concerns’
Legatum is a majority shareholder is Share Microfin, one of the largest Hyderabad-based microfinance institutions. With the recent crisis in the microfinance sector, Mark Stoleson tells Somasroy Chakraborty & Arijit Barman that India will see a flight of foreign capital unless the situation is solved quickly. Edited excerpts: BS

Abrupt Fall From Grace
Tracing the decline of SKS Microfinance holds lessons for the entire industry.BW

Souring Of A Dream
The recent results that SKS has declared show a company on its way down, the decline holds lessons for the entire industry. BW

Personal guarantee mandatory for MFI debt restructuring
With just over a fortnight left for banks and microfinance companies to agree on the debt recast package, the corporate debt restructuring (CDR) cell has said personal guarantees on loans are mandatory for promoters of micro lenders. BS

Soon, a microfinance bank for lending to poor
The Government of India, the Andhra Pradesh Government and a consortium of five banks have come together to set up the country’s first exclusive microfinance bank to provide an alternative source of funds to the poor vis-a-vis microfinance institutions (MFIs). Hindu

IFC To Invest $45M In Listed Indian Non-Banking Finance Co
Although the name of the company is not disclosed yet, it is planning to raise $100 for implementing growth plans. VC-Circle

LinkedIn Trivia: Facts About The Company, Its Executives And More
In May 2003, LinkedIn had 4,500 members. As of March 31, LinkedIn had 102 million members.VC-Circle

Now A Twitter-based Hedge Fund
London-based Derwent will use a proprietary trading model that analyzes Twitter to predict movements. VC-Circle

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