Microfinance News Digest

Finance ministry clears Microfinance Bill in 2012 : News Digest

Finance ministry clears proposed national microfinance law
The finance ministry has cleared national legislation to govern microfinance institutions that, if passed in its entirety, will make the central bank the sole regulator of the Rs. 20,000 crore industry.Read more on LM

ministry of finance india

Two microfinance veterans are launching one of the first funds of funds to focus on the fast-growing sector.
Jack Lowe and Vincent Oswald, formerly of Blue Orchard, a Geneva-based microfinance investment manager, are launching the vehicle under their new Azure Partners label. Read more on FT

Oxfam moves into fund world
Oxfam, the anti-poverty charity, is branching out into asset management by launching its first investment fund, which will aim to combine social good with financial returns. FT

Microfinance: Small-scale Neoliberalism?
Controversial guest speaker at Saint Mary’s says small loans to entrepreneurs in the developing world do more harm than good. HMC

Rothschild Foundation Expands Its Network Of Social Enterprises In India
Swiss-based Edmond de Rothschild Foundation, a global network of venture philanthropy, is expanding its role in India. The foundation’s focus in India it to support Indian social entrepreneurs by helping them receive professional training and support. JM

SKS Microfinance dips to record low on Q3 loss
SKS Microfinance has dipped 9% to Rs 85.30, its lifetime low, after reporting a fourth consecutive quarterly net loss due to higher provisions and loan write-offs. BS

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