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India Budget to Help Microlenders
February, 28 2011
Mumbai, India - India's finance minister Monday announced the creation of a 1-billion rupee ($22 million) equity fund for microfinance institutions, a step that will provide the much needed financial support to smaller players.
...
Credit Risk Threat for Global MFIs
February, 27 2011
Chennai, India - Credit risk constitutes a major threat for the global microfinance industry, which reflects the fast growing problem of over indebtedness among millions of microfinance customers, according to Microfinance Banana Skins 2011 survey
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India: Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures
February, 24 2011
Bangalore, India - Bangalore-headquartered, Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 million) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM) group of companies
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Taking Islamic Microfinance to Scale
February, 23 2011
Washington DC - Today, microfinance and Islamic finance are professionalized industries with diverse products, growing client bases, and widening geographical coverage. Both have developed innovative solutions to cater to populations that are outside the fold of conventional financial access.
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Mexico: Compartamos Fourth Quarter Net Profit Flat As Expenses Rise
February, 23 2011
Mexico City, Mexico - Mexican microfinance lender Banco Compartamos said its net profit was practically flat in the fourth quarter as the company increased hiring to support growth in its customer base and loan portfolio. Compartamos, which specializes in small loans to individuals and small businesses, reported Tuesday net profit of 515 million pesos ($41.6 million), or MXN1.20 per share, in the October-December period, compared with MXN516 million or MXN1.21 per share a year earlier.
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Andhra Pradesh Government Set to Bring New Products Under MFI Act
February, 21 2011
Hyderabad, India - Sensing a foul-play in new products like loan for men and interest-free loans by microfinance institutions (MFI), the Andhra Pradesh government is all set to issue a notification to bring these products under the purview of the new MFI Act
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Poland: MFC Global Facility to Promote Social Performance
February, 15 2011
Warsaw, Poland - The Microfinance Centre (MFC) is pleased to announce its plans to set up and run the Social Performance Start-up Fund for country level and regional microfinance networks – a facility to provide technical and financial support to networks willing to start their activities in Social Performance
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Impact Investing Creates Template for Responsible Capitalism
February, 14 2011
Washington DC - A microfinance lender in Tamil Nadu, a rice farm in Tanzania, a housing project in Chiapas and a rural development bank in Pakistan: all these projects are recipients of impact investment capital, committed to "doing good while doing well," in one of the fastest growing investment trends of the past two decade
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Impact Investing Creates Template for Responsible Capitalism
February, 14 2011
Washington DC - A microfinance lender in Tamil Nadu, a rice farm in Tanzania, a housing project in Chiapas and a rural development bank in Pakistan: all these projects are recipients of impact investment capital, committed to "doing good while doing well," in one of the fastest growing investment trends of the past two decade
...
responsAbility Announces Strategic Investment in PlaNet Finance
February, 03 2011
Zurich, Switzerland - Based on its prominent role in the field of social investments, responsAbility is stepping up efforts to further expand its financing activities in developing countries and emerging markets through a strategic investment in PlaNIS, a subsidiary of PlaNet Finance Group. The cooperation will lead to integrated investment processes, expanded local presence and increased synergies with
PlaNet Finance Group
...
2011 Banana Skins Report highlights declines in FX Risk
February, 02 2011
Washington, DC - The 2011 Banana Skins Report, conducted by the Center for the Study of Financial Inclusion (CSFI), is an annual industry-wide survey that highlights the main risks perceived by the microfinance industry
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The Smart Campaign to Launch a Certification Program for Client Protection in Microfinance
February, 01 2011
Washington, D.C. - The Smart Campaign, a global initiative to incorporate strong client protection principles across the microfinance industry, today announced a plan to launch a certification process that will enable microfinance institutions (MFIs) worldwide to demonstrate their adherence to the Campaign’s core Client Protection Principles as verified by third-party assessors
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