ESAF Microfinance raises Rs 47.5 Crores

Kerala headquartered NBFC-MFI Esaf Microfinance announced last week that it has raised Rs 47.5 Crore through private placement of Non Convertible Debentures (NCD’s). The NCD issue has been fully subscribed and also been listed on the BSE. The NCD issue has been rated BWB BBB+ by Brick Work Ratings and has been issed to Triodos Fund … Continue reading “ESAF Microfinance raises Rs 47.5 Crores”

Leapfrog to invest Rs 175 Crore in IFMR Capital

LeapFrog Investments, an investor in financial services in growth markets Africa and Asia, has announced a Rs 175 Crore (U.S $29m) investment into India’s IFMR Capital. The deal is the first to be made from LeapFrog’s Fund II. Acting as a bridge between capital markets and high quality financial institutions that reach under-­‐served households and … Continue reading “Leapfrog to invest Rs 175 Crore in IFMR Capital”

Aspada invests Rs 10 Crore in NeoGrowth NBFC

Aspada Investment Company has made an investment of INR 10 Crore (USD $1.62 million) in Mumbai based NeoGrowth Credit, a non bank financial company (NBFC) that extends short term working capital and inventory loans to small merchants in India against future credit and debit card sales. NeoGrowth Credit Pvt Ltd “Small businesses are the backbone … Continue reading “Aspada invests Rs 10 Crore in NeoGrowth NBFC”

IFC reinvests Rs 39.5 Crore in Utkarsh Microfinance

IFC, a member of the World Bank Group, is investing over $700,000 (Rs 39.5 Crore) through a rights issue in microfinance institution Utkarsh to support its planned expansion in the low-income states of Uttar Pradesh and Bihar. IFC’s total equity investment in Utkarsh stands just short of $2 million after this round of funding. Other … Continue reading “IFC reinvests Rs 39.5 Crore in Utkarsh Microfinance”

IFC invests Rs 120 Crore in Ratnakar Bank

IFC, a member of the World Bank Group, has made an equity investment of $22 million ( Rs 120 Crore approximately) in Ratnakar Bank to support financial inclusion and increase financing to agri-based businesses and micro, small and medium enterprises. The Kolhapur-based bank has strong presence in semi-urban and rural markets of Maharashtra, Karnataka and … Continue reading “IFC invests Rs 120 Crore in Ratnakar Bank”

Ujjivan gets Rs 127 Crore equity funding

Ujjivan Financial Services, one of India’s leading urban poor-focused microfinance institutions, has raised Rupees 127.9 Crores (USD 25.5 Million) in its fifth round of equity funding. Two new Foreign Institutional Investors FMO (Netherlands Development Finance Company) and WCP Mauritius Holdings III (Wolfensohn Capital Partners) and existing investors participated in this round. Speaking on the funding, Mr. … Continue reading “Ujjivan gets Rs 127 Crore equity funding”

LUMINIS : First analytical platform on Microfinance Funds launched

On December 20, 2011, MicroRate,with the support of LuxFLAG and the Grand Duchy of Luxembourg,launched Luminis™ the first web-based, analytical platform focused on microfinance funds, also known as microfinance investment vehicles (MIVs). The website can be accessed at www.luminismicrofinance.com   With thesuccess of microfinance and the growing interest in impact investments that deliver both financial returns … Continue reading “LUMINIS : First analytical platform on Microfinance Funds launched”