Microfinance News Digest

Indian Banks to acquire majority stake in Andhra based MFI – News Digest

Banks may acquire majority stake in microfinance firm
The CDR process for the microfinance firms is to be completed by 6 June and involves around Rs. 5,000 crore worth of debt.LM

corporate debt mfi

Microfinance learns the hard way – Ujjivan’s success underlines dos and don’ts
At a time when the sector is faced with a crisis in the country, Ujjivan’s foresight and strategic moves have shown that there is light at the end of the tunnel of MFIs’ travails. BS

Lower growth, shakeout await microfinance firms
D. Maniamma, for one, has had enough of microlenders. After borrowing more than Rs.50,000 (USD 1,115) over the years to fund her business selling clothes in this dusty village beyond the sprawl of Hyderabad, she says her family was forced by collection agents to sell its motorbike to repay a loan. WSJ

Bakshi takes charge as Nabard chairman
Dr Prakash Bakshi has assumed charge as chairman of the National Bank for Agriculture and Rural Development (NABARD).IE

Learning to Organize – By Tara Thiagrajan
Back in 1996 when I was in business school we used to sit around and make fun of our organizational behaviour classes. Soft stuff. Not hard core like finance. Now I know better. Finance is the easy stuff. Organizational behaviour on the other hand is complex and can profoundly change socital outcomes. POP

The Smallholder Farmer is the Base of the Pyramid
Agriculture presents the greatest opportunity for entrepreneurs in the developing world. When we talk about the base of the pyramid on this site (or elsewhere), much of the time we are actually talking about farmers and other agribusiness participants. Nextbillion

LeapFrog to Invest up to $40 Million in India
LeapFrog Investments, a $135 million fund focused on micro-insurance, is looking to deploy as much as $40 million in India. “India presents an opportunity as the level of penetration of insurance is very low,” said Jim Roth, the company’s co-founder and partner. WSJ

Navjyoti helps to teach rural India
At the age of 38, Nanni Devi, a resident of Bhondsi village, has finally learned basic Hindi and Mathematics, and now plans to run her own shop in the village. TOI

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