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India’s Microfinance Sector Sees 29% Rise in Loan Disbursements in First Quarter
Microfinance industry has witnessed 29 per cent growth in loan disbursements during the first quarter of 2016-17, a report says.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Ratan Tata, Nandan Nilekani to Start Microfinance Company
Mumbai: Ratan Tata, chairman emeritus of Tata Sons, Vijay Kelkar, former finance secretary and chairman of the National Institute of Public Finance and Policy, and Nandan Nilekani, co-founder of Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution (MFI).
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- Uncategorized
- Region
- South Asia
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Maj Targets Andes Nations With $100 Million Micro Finance Fund
Maj Invest, a Danish asset manager with $8 billion in assets, is looking to boost acquisitions in the micro finance industry in the Andean region. The Copenhagen-based asset manager is in the process of raising capital to grow the size of its Maj Invest Financial Inclusion Fund II to $100 million by June from $75 million now, according to Kasper Svarrer, who oversees Maj’s private-equity business in emerging markets.
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- Uncategorized
- Region
- Europe & Eurasia
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Uganda Government to Close Errant SACCOs
State minister for micro-finance, Haruna Kyeyune has sent a stern warning to financial institutions that cheat clients. Kyeyune said that those SACCOs cheating clients will be closed down.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Microinsurance policies to be issued to half a million vulnerable people in India
The International Cooperative and Mutual Insurance Federation (ICMIF) will partner with Uplift India Association to enable over 200,000 microinsurance policies to be issued in India in the next five years, providing coverage to half a million low-income people in the country.
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- Uncategorized
- Region
- South Asia
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Weekly Roundup: Dubious Controversy, Outrageous Pricing and Angels in South Africa
Among the week's highlights (and lowlights): Grameen Foundation and Muhammad Yunus make an unwelcome entrance into U.S. presidential politics, Mylan Pharmaceuticals defends itself from price-gouging accusations, and a business angel network launches in South Africa.
- Categories
- Education, Health Care, Investing, Social Enterprise
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Bank of Ghana to weed out unscrupulous microfinance institutions
The Bank of Ghana (BoG) is strengthening its licensing requirements in order to weed out unscrupulous microfinance institutions from the system. Dr Abdul-Nashiru Issahaku, the Governor of Bank of Ghana, said recent events had shown that unregulated and poorly supervised financial systems might lead to risky behaviours and undermine the growth process.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda: Stop Cheating Clients, Minister Urges Microfinance Institutions
The minister for Microfinance, Mr Kyeyune Haruna Kasolo, has warned microfinance institutions to stop cheating the general public by charging very high interest rates on loans.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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