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Need for affordable houses
Mr Om Prakash Bhansali, 32, has a big dream. He wants his own house. This textile worker with a steady job and a monthly income of Rs 12,000 from Ahmedabad has been scouting for a 250-300-sq.-ft house that he can buy with his meagre resources. But he has been unable to find one.
- Region
- South Asia
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Grameen Koota Raises INR 25 Crores through Non-Convertible Debentures
Microfinance Focus, June 22, 2012: Bangalore-headquartered microfinance firm Grameen Financial Services Private Limited (GFSPL), popularly known as Grameen Koota has raised INR 25 Crores (USD 5 million) in debt funding through an issue of secured, redeemable, non-convertible debentures (NCDs).
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Kalpna Saroj: One of the Few Women Social Entrepreneurs in India
Kalpna Saroj is an Indian social entrepreneur whose rag to riches story reads like a Bollywood script. Born into the caste of an Indian 'Dalit,' where she was formerly an "untouchable" and bullied at school; forced into marriage at the age of 12, and then fought social pressures to leave her husband; finally, overcoming poverty and physical abuse, she becomes CEO of a multi-million dollar company: a true heroine!
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- Uncategorized
- Region
- South Asia
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Financial inclusion for whose benefit?
The tale of financial inclusion in India is akin to that of the blind men and the elephant. You all know the story. A bunch of blind men chance upon an elephant. The one who catches hold of its tail says the elephant is like a rope. The one who touches the trunk says the elephant is like a snake, while the one touching the animal's leg insists it's like a tree.
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- Uncategorized
- Region
- South Asia
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BRAC eyes fully self-funded by 2021
Dhaka, June 5 (bdnews24.com)—BRAC says it is 'gradually' lessening dependency on foreign donations in an effort to be a self-financed organisation by 2021. "Even in 1990 we depended 100 percent on foreign donations, but in 2011 it was only 30 percent," Executive Director Dr Mahbub Hossain said while unveiling the 2011 annual report of the largest Bangladeshi NGO.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Reduction in ST on black tea: leading brands welcome government decision
Leading tea brands in Pakistan, Lipton, Brooke Bond Supreme, Pearl Dust and A1 welcomed the bold decision by the Government of Pakistan to stem smuggling of tea and provide relief to consumers. As per SRO 608(I) 2012, General Sales Tax on black tea has been reduced from 16 percent to 5 percent.
- Region
- South Asia
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Will invest US $ 1 bn in India for inclusive growth and climate change: Karin Finkelston
A member of World Bank Group, International Finance Corporation (IFC) has chalked out its investment plans for India focusing mainly on the renewable energy sources and targeting the bottom of the pyramid. Karin Finkelston, vice president, Asia Pacific talks to Rutam Vora on IFC's investment plans in India during the current year. Edited excerpts:
- Categories
- Energy
- Region
- South Asia
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Young managers from top firms barter fat pay checks to join political system
MUMBAI: Come June, Vaibhav Lodha will swap his pinstripes for crisp white khadi. The 27-year-old manager with Bangalore-based analytics company Mu Sigma is set to leave a high-paying job, where he is serving his notice period, to work as a consultant for parliamentarian Anurag Thakur in Himachal Pradesh.
- Region
- South Asia