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Poor women to get mobile feeds on their financial info
Poor women in Andhra Pradesh could soon get access to their financial transactions on mobile.About 90 lakh women members of self help Groups (SHGs) in Andhra Pradesh can look forward to this facility, thanks to a mobile book-keeping project being launched by the State Government.
- Categories
- Technology
- Region
- South Asia
- Tags
- microfinance
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Are mobile phones better than aid?
Helping people to use technology can combat poverty more effectively than centralised aid programmes according to a leading development entrepreneur.
- Categories
- Technology
- Region
- South Asia
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Annapurna Microfinance raises $2.36M from Incofin Investment Management
Orissa-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 13 crore ($2.6 million) from Belgian investment firm Incofin Investment Management's Rural Impulse Fund II.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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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).
- Categories
- 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.
- Categories
- 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.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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