Microfinance News Digest

World bank invests Rs 50 Crore in Ujjivan Financial Services : News Digest

World Bank believes in Indian microfinance; invests Rs 50 cr in Ujjivan
Microfinance firm Ujjivan Financial Services said it has raised Rs 47.28 crore from IFC, a member of the World Bank Group and foreign institutional investor FMO. FP

world bank ujjivan

Microfinance and predatory lending: The same old story?
Though researchers have begun to question the extravagant claims for microfinance, many remain hopeful that it is a useful addition to the anti-poverty arsenal. LM

Gujarat HC order may set tone for AP court MFI verdict
Legal experts say the Gujarat court’s order will have a ‘persuasive value’ on the Andhra high court.LM

South African team visits women SHG in India
A delegation from South Africa, representing its Department of Trade and Industry, visited Mudichur Village Panchayat near Tambaram recently, getting a first-hand-experience of women empowerment, an issue which the African nation has been giving a lot of importance. TH

A cashless India
Cashless transactions save money and are easy to monitor. RBI and govt must help them reach critical mass. BS

India lags behind emerging nations in financial inclusion – LM

IntelleCash Buys Arohan Financial Services
IntelleCash Microfinance Network Company Private Limited has acquired Arohan Financial Services Private Limited, microlender in Kolkata in a series of transactions for a total Rs 52 Crore. DC

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