Asirvad Microfinance

Incorporated in August 2007, Asirvad Microfinance Pvt Ltd (Asirvad) commenced its microfinance operations in Chennai in January 2008. Since then the company has expanded its operations into other districts of Tamil Nadu. Asirvad offers loans to women borrowers organised into joint liability groups, following the Grameen Bank model. The company had a network of 74 … Continue reading “Asirvad Microfinance”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

IFMR Capital structures India’s 1st Collateral Bond Obligation in Financial Inclusion

Eleven microfinance firms and small business lenders access debt capital markets for the first time under the path-breaking collateral bond obligation (CBO) comprising multi-issuer pooled NCDs totaling to Rs 98 crores In keeping with its mission of providing access to debt capital for financial enterprises serving the financially-excluded communities, IFMR Capital, the Chennai based non-banking … Continue reading “IFMR Capital structures India’s 1st Collateral Bond Obligation in Financial Inclusion”

MicroSave Resources on Social Performance Management for MFI’s in India

MicroSave provides practical, market-led solutions to assist microfinance institutions succeed and achieve their mission and business objectives. With a team of experienced professionals MicroSave has been operating for over a decade and is considered as one of the most reliable consulting firm for market-led  financial  service providers. It works closely with institutions and thus understands … Continue reading “MicroSave Resources on Social Performance Management for MFI’s in India”

IFMR Capital Places Second Multi-originator with a Mutual Fund

IFMR Capital recently concluded a Rs. 339 million multi-originator microloan securitisation with three Indian microfinance institutions (MFIs). IFMR Capital Mosec II, the SPV, issued two tranches of securities backed by 36,972 microloans that were originated by Sahayata Fintrade, Satin Creditcare, and Asirvad Microfinance. One of India’s top 3 mutual funds subscribed to the senior P1+(so) … Continue reading “IFMR Capital Places Second Multi-originator with a Mutual Fund”

First Multi Originator Securitisation in Microfinance by IFMR Capital

IFMR Capital recently concluded a multi-originator securitisation of micro-loans originated by four microfinance institutions in India. The Rs. 308 million (US$6.5 million) transaction is backed by around 42,000 micro-loans originated by Asirvad Microfinance Pvt Ltd, Sahayata Microfinance Pvt Ltd, Satin Creditcare Network Ltd, and Sonata Finance Pvt Ltd. IFMR Capital Mosec I, the multi-originator Special … Continue reading “First Multi Originator Securitisation in Microfinance by IFMR Capital”

Lok Capital LLC invests Rs 7 Crore($ 1.75 mn) in Asirvad Microfinance

CHENNAI: The Mauritius based Lok Capital LLC, a $ 22 mn venture fund focused on the micro finance sector in India, has invested $ 1.75 mn ( Rs 7 crore) translating into a 24% stake in the Chennai-based Asirvad Microfinance. In the last 18 months, Asirvad has lent Rs 35 crore to 75,000 borrowers in … Continue reading “Lok Capital LLC invests Rs 7 Crore($ 1.75 mn) in Asirvad Microfinance”