Thunderbird students conclude their study tour of MFI’s in India

Students from the Thunderbird School of Global Management recently concluded their study tour of microfinance institutions in India. The study tour took them to offices and branches microfinance institutions in Delhi, Agra and Lucknow. The tour was led by Professor Melissa Beran Samuelson in the first half of 2011 and involved visits to MFI branch offices and … Continue reading “Thunderbird students conclude their study tour of MFI’s in India”

Government of India launches Free Driver Training Scheme

Pursuing its commitment to create employable skills in tourism and hospitality sector, the Ministry of Tourism has launched a Scheme providing for the training of drivers. The Scheme is part of the Ministry’s larger initiative namely Hunar Se Rozgaar. Hunar Se Rozgaar The Scheme now launched draws upon the fact that drivers with skill and … Continue reading “Government of India launches Free Driver Training Scheme”

Indian Microfinance sector may decline 20-40 % in 2011-12 – News Digest

Microfinance sector may decline 20-40% this year According to the data available with Microfinance Institutions Network (MFIN) for the first five months of 2011-12, the decline in portfolio is almost inevitable. HBL   Meet India’s Top Corporate Philanthropists Shiv Nadar, the Founder of HCL, has donated over 580 crore. He earned the amount by selling … Continue reading “Indian Microfinance sector may decline 20-40 % in 2011-12 – News Digest”

Ujjivan gets debt funding of Rs 100 Crore from SIDBI

Bangalore headquartered Ujjivan Financial Services has announced that it has received debt funding from SIDBI and other public / private sector banks to the tune of Rs 100 Crore over the past few months. Earlier this year in July , Ujjivan had raised Rs 55 Crores through two Non Convertible Debenutre (NCD) issues. Ujjivan institutes … Continue reading “Ujjivan gets debt funding of Rs 100 Crore from SIDBI”

Women in Maoist hit Orissa turn to SHG’s

To escape the red shadow of Maoist ultras in Orissa, women of Maoist affected districts have joined self-help groups to become independent and improve their living conditions. Many of these women are engaged in farming and other activities and with their tireless efforts, they are trying to bring about soci0-economic changes. An atmosphere of fear and … Continue reading “Women in Maoist hit Orissa turn to SHG’s”

MFI loan restructuring in Andhra Pradesh delayed – News Digest

MFIs’ Andhra loans recast plan likely to be delayed Micro-lenders’ plans to restructure the loans of their poor customers appears to have hit a hurdle, with the Andhra Pradesh state government asking firms to formally re-submit the proposal. BS Government looking for overall financial inclusion through Aajeevika Development and Financial Corporation In an attempt to … Continue reading “MFI loan restructuring in Andhra Pradesh delayed – News Digest”

Investor interest returning to Indian Microfinance Sector

Intellecap has closed the largest private equity transaction for a MFI in 2011 and predicts a healthy trend for the Indian microfinance  sector. Intellecap announced this week  that it had successfully closed the largest private equity deal in the Indian Microfinance space in 2011, by raising INR 135 crore from International Finance Corporation (IFC) for … Continue reading “Investor interest returning to Indian Microfinance Sector”