MFIs attract executives from other sectors – Microfinance News Digest

Microfinance Institutions attract executives from other sectors in India
A number of financial executives across the country are now migrating to the micro financing sector. Executives who have moved into this segment say that at a time when a number of industries were bleeding during the economic slowdown, the micro finance sector managed to increase its compensation by an average of 8.1% for its employees at the higher and lower end. Economic Times

Vijay Mahajan in ET : MFIs as engine of inclusive growth
For those of us, who have been in microfinance since its origins about 20 years ago, we remember the days when no one paid much attention to us except other colleagues in the development sector. Much has changed in the past two decades and microfinance has evolved into a thriving sector. Today, microfinance even creates newspaper headlines, sometimes adulatory, and at other times sensational. The truth lies somewhere in between. Economic Times

In Microfinance, a ‘Dot-Com’ Boom ?
With hundreds of fledgling entrepreneurs ready to change the world and maybe make millions while they do it, the buzz around the microfinance industry looks a bit like the dot-com boom at the end of the ’90s.

Ashish Lakhanpal, founder and managing director of Kismet Capital LLC, remembers the run-up and bust of the Internet and other technology businesses back then and says what he is seeing in microfinance today gives him a bit of déjà vu. Wall Street Journal

The Dot Com Bubble

nasdaq dot com bubble
On 10th March of 2000 the NASDAQ peaked at 5132. This was followed by a spectacular crash, with huge numbers of startups going bust. Between 2000 and 2002, more than $5 trillion was wiped off the market value of technology companies. Pic-credit:wikipedia.org

Microfinance: Beware of the Press
Microfinance is going mainstream as international investors look to boost the value and the reach of small microlending institutions. As a result, the industry is likely to attract mainstream scrutiny from the press.

There is much to recommend the business and its capacity to make the difference between access to a better life and condemnation to a grim existence for tens of millions of people.But, as any industry grows rapidly – and some see the signs of a bubble brewing in microfinance already – along with it comes increased reputational risk for lenders and their investors. Wall Street Journal

Rang De: India’s first online platform for micro-credit
Rang De, India’s first online micro-lending platform, enables individuals lend money to low-income households in the country. Headquartered in Chennai, the organisation which lays its mission in making “poverty history in India”, has 18 field partners across ten states, namely Andhra Pradesh, Bihar, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu and Uttar Pradesh Economic Times

Water Microfinance – The New Door to Wealth in the Microfinance Community

What do Matt Damon and Bill Clinton have in common?

Founders of the non-profit organization Water.org, Damon and Clinton have fought to provide clean water for people all over the world. But they’ll also be the first to admit that grants and charity offerings alone provide insufficient financial capital for solving their identified challenges.

That’s why Water.org recently created a subsidiary, WaterCredit, that uses microfinance loans to support water and sanitation (watsan) projects. Green Chip Stocks.com

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