MFI’s in Kerala come together to form Kerala Association of Microfinance Institutions
ESAF Microfinance has initiated and organized the second meeting of MFI’s in Kerala to discuss the formulation of KAMFI – Kerala Association of Microfinance...
IDBI Bank to lend Rs 700 crore to Indian MFI’s – News Digest
IDBI Bank to lend Rs 700 cr more to microfinance firms
“We have exposure of about 800 crores, and we can take it to about...
AP government accuses BASIX of charging 60% interest on micro loans
Do not have any product with 60% interest rate: Sajeev Viswanathan, CEO, Basix
Q: We are sort of startled by the data that seems to...
Bhartiya Samruddhi in talks to raise Rs 300 Crore – News Digest
Bhartiya Samruddhi set to raise Rs 300 Crore
Bhartiya Samruddhi Finance, a microfinance institution promoted by social entrepreneur Vijay Mahajan, is in talks with banks...
Banks restructure loans for MFI’s, reduce interest rate to 12% – ND4
Banks ready with MFI loan rejig plan
Banks have prepared a blueprint for restructuring loans to microfinance institutions (MFIs). According to the proposal, institutions like...
SOCIAL ENTERPRISES IN MICROFINANCE : M S SRIRAM – NEWS DIGEST
Social enterprises in microfinance
By M. S Sriram
The microfinance sector has multiple forms of organisations, with multiple orientations carrying out business. On the face of...
How Janalakshmi Microfinance bucked the downtrend in Indian Microfinance
How Janalakshmi got to the top
Janalakshmi’s loan book has been skyrocketing — growing 200 percent year on year, from Rs 60 crore in 2009...
Stree Nidhi Women’s Microfinance Bank to begin operations in AP – News Digest
First-ever microfinance ‘bank’ to begin operations
From tomorrow, poor women in Andhra Pradesh will be able to access micro-credit within 48 hours after applying for...
Dhanei KGFS Newsletter – Asha Kiran – July 2009
The first edition of the quarterly news letter of Dhanei Kshetriya Grameen Financial Services(DKGFS), “Asha Kirana” (meaning ray of hope in Oriya) is out. DKGFS...
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...
Schemes of the Ministry of Rural Development for NGO’s
Various Central and Centrally sponsored sector schemes have been initiated to provide assistance to the voluntary organizations for afforestation and wasteland development. These are...
Ujjivan Microfinance forays into Haryana
South Indian MFI’s are increasing focusing on North India states for growth
Ujjivan, a Bangalore based urban microfinance company has entered Haryana with 5 branches...
IFMR Mezzanine Finance Private Ltd launches Operations
A new partner for Indian MFIs arrives
By IFMR Blog Team
Puneet Gupta is restless and visibly excited. The last ten days have been the culmination...