-
Allahabad MFI Sonata Finance raises $6.35M from Creation Investments, others
Chicago-based Creation Investments made its first investment in India in 2010 by picking up stake in Eko India Financial Services.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
-
Citi Foundation Grants $180k to Parinaam Foundation of India
Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
-
In Andhra Pradesh, moneylenders rush to fill vacuum created by MFIs
The Andhra Pradesh crackdown on microfinance companies has driven an increasing number of poor borrowers in the State back into the arms of local moneylenders, a recent survey shows.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
-
How Microfinance Institutions Can Manage Default Risk AND Build Financial Inclusion
High client growth and low default rates are typical benchmarks for gauging the success of MFIs. But the two measures can be counterproductive for MFIs looking to achieve real social impact through financial inclusion. Achieving low default rates and higher client growth rates together is only possible when the client’s cash flows are more than adequate to cover the average loan size.
- Categories
- Uncategorized
-
Start-ups like InVenture flourish with technology services for micro finance firms
BANGALORE: A new wave of start-up companies is building technology enabled services aimed at bridging the communication gap between borrowers and lenders in the embattled microfinance industry.
- Categories
- Technology
- Region
- South Asia
- Tags
- microfinance
-
Rural banks partner with telcos to boost microfinance
Rural banks will soon have their own set of “killer apps” to better compete with bigger banks and, more importantly, expand their microfinance services in the Philippines.
- Categories
- Technology
- Region
- Asia Pacific
-
India’s microfinance industry gets some relief
It’s a period in history that India’s microfinance industry would probably rather forget: In late 2010, more than 200 poor residents of the Andhra Pradesh state committed suicide allegedly due to excessive pressure from microcreditors for debt repayments. Backlash against microfinance institutions not just in the state but the whole of India followed.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
-
Ghana: Midland to Deplore 300 ATMs, 5,000 POS Devices
Midland Savings &Loans Company Limited, the leader in Ghana's microfinance sector has disclosed that it would add up four more branches this year to it existing branches to further bring banking services to its numerous customers across the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.