Event Name: Microfinance and Microenrepreneurship: A Glocal Perspective
Event Dates: October 26-27, 2016
Event Location: Bhagat Phool Singh Mahila Vishwavidyala (BPS Women’s University), Sonepat, India
Event Name: Microfinance and Microenrepreneurship: A Glocal Perspective
Event Dates: October 26-27, 2016
Event Location: Bhagat Phool Singh Mahila Vishwavidyala (BPS Women’s University), Sonepat, India
Event Name: Inclusive Finance India Summit 2016
Event Date: December 5-6, 2016
Event Location: The Ashok Hotel, 50-B, Diplomatic Enclave, Chanakyapuri; New Delhi, Delhi 110021, India
Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in India, Kenya, Namibia, Nicaragua, Peru and Romania.
Nandan Nilekani, Co-founder of Infosys Limited; Ratan Tata, Chairman Emeritus of Tata Sons; Vijay Kelkar, Chairman of India’s National Institute of Public Finance and Policy; and R. Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust, recently announced the launch of Avanti Finance, “a technology enabled financial inclusion vehicle.”
Event Name: Sa-Dhan National Conference 2016: “Financial Inclusion on Path to Sustainable Development Goals”
Event Date: September 14-15, 2016
Event Location: India Habitat Centre, Lodhi Road, New Delhi, India 110003
“A Change in Behavior: Innovations in Financial Capability”; published by the Center for Financial Inclusion at Accion; April 2016; 47 pages; available at http://www.centerforfinancialinclusion.org/fi2020/roadmap-to-inclusion/innovations-in-financial-capability
This document describes research aimed at identifying effective interventions for building the financial capability of microfinance customers, specifically as administered by three groups: financial service providers, governments and social service providers.
Successive interest rate cuts by the Reserve Bank of India (RBI) since 2015 have led to decreasing cost of funds for microfinance institutions (MFI) and a reduction in lending rates to end customers.
The Jharkhand State Livelihood Promotion Society (JSLPS), a program of the local government’s Rural Development Department, and MicroSave, a financial inclusion consulting firm headquartered in the northern Indian state of Uttar Pradesh, recently launched a financial education pilot program in the Bero, Khuntipani and Manoharpur blocks of the eastern Indian state of Jharkhand.
The Infrastructure Development Finance Company (IDFC) Bank, an Indian for-profit private company providing banking and other financial services, recently acquired Grama Vidiyal Micro Finance, a microfinance institution (MFI) headquartered in the Indian state of Tamil Nadu, increasing its rural and semi-urban customer base by 1.2 million.
Suryoday Micro Finance Private Limited , a non-banking finance company providing microfinance services in India, recently raised INR 1 billion (USD 15 million) from investors including the Infrastructure Development Finance Company (IDFC) Bank; ASK Pravi; the Housing Development Finance Corporation (HDFC) Standard Life Insurance; Arpwood Investment Advisors; Kiran Vyapar, the investment arm of LN Bangur Group; Polaris Banyan Holding and Dr. Aravind Srinivasan [2].
Developing World Markets (DWM), a US-based asset manager and investment bank, recently announced that it issued loans in February and March 2016 to four unidentified financial institutions serving microentrepreneurs, including a Colombian bank and non-banking financial institutions (NBFIs) in Armenia, India and Nicaragua.
Symbiotics Group, a Switzerland-based for-profit investment intermediary, recently informed MicroCapital that it has issued local-currency bonds
The International Finance Corporation, a member of the World Bank Group, recently announced that it will invest up to INR 1.4 billion (USD 20 million) in Grameen Financial Services Private Limited and INR 3.4 billion (USD 50 million) in Janalakshmi Financial Services (JFS), Bangalore-based microfinance institutions (MFIs).
IntelleGrow Private Limited, an India-based nonbanking financial company specializing in venture debt that was founded by India’s Intellecap Capital Advisory Services, recently announced that it has raised INR 134 billion (approximately USD 20 million) in equity and debt.
Event Name: Participation for Harmonious Development: 1st Annual International Microfinance Research Workshop 2016
Event Dates: July 15-16, 2016
Event Location: Fortune Institute of International Business, Delhi, India
SKS Microfinance, a for-profit microfinance institution (MFI) headquartered in Hyderabad, India, recently announced it will change its name to Bharat Financial Inclusion [1].
During April 2016, Austria’s C-Quadrat Asset Management GmbH issued loans worth the equivalent of USD 9.6 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in Bolivia, Cambodia, Colombia, Ecuador, India, Indonesia, Paraguay and Zimbabwe. USD 2 million of this total was invested in an MFI based in Phnom Penh, Cambodia, which has 181 service points and provides financial services to clients in rural regions of the country. Financial information on the organization is not available.
JM Financial Limited, a financial services firm based in India, recently announced that it has acquired, through its subsidiary, JM Financial Products Limited, a 9.84-percent equity stake in Fairassets Technologies India Proprietary Limited, a peer-to-peer (P2P) lending company.