Microfinance News Digest

Microfinance India – State of the Sector Report 2012 released

Chidambaram releases State of the Sector Report 2012 at Microfinance India conclave
According to the State of the Sector Report 2012, brought out under the aegis of microfinance facilitation organisation Access Development Services, the loan amount disbursed by microfinance institutions, as well as the average loan ticket size, has shown signs of recovery in fiscal 2011-12. Read more on HBL

Patni brothers invest in social investment bank Grameen Capital India
Co-founder of Patni Computer System, Gajendra Patni’s sons Amit (46) and Arihant (36), have a new interest. They are flexing their philanthropic muscle with their investment in Grameen Capital India (GCI). The brothers bought 43.17% stake in GCI from former investor IFMR Trust. ET

Ernakulam is India’s first financially-inclusive district
RBI governor D Subbarao on Thursday declared Ernakulam as the first district in the country to achieve total and meaningful financial inclusion. TOI

Sustainable, scalable business model is an issue in India: Anil Sinha
International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. In spite of a sluggish economic environment, in FY 12, IFC’s investments reached an all-time high of more than $20 billion. BS

‘Changing’ Bihar scares microfinance firms
They came, they saw and they are now in exit mode – without conquering. In an ironic turn of events that threatens to sully Brand Bihar’s image as a trade and investment destination, Karnataka-headquartered microfinance institution (MFI) Ujjivan has put on hold its lending operations in Vaishali and Muzaffarpur districts ruing the poor law and order situation in the state. TOI

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