Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the local-currency equivalent of USD 3 million to financial institutions Advans Cameroun and Opportunity International Bank of Malawi (OIBM).
Search Results for: Microfinance Institutions Bill India
MICROCAPITAL BRIEF: responsAbility Lends $1.85m to Microfinance Institutions AgroInvest Holding of Montenegro, Forus Bank of Russia
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the equivalent of USD 1.85 million to financial institutions AgroInvest Holding of Montenegro and Forus Bank of Russia.
MICROCAPITAL BRIEF: Participatory Microfinance Group for Africa (PAMIGA) Collaborates with MicroLead Program to Open Office in Ethiopia, Support Microsavings Services of Buusaa Gonofaa, Wasasa
The Participatory Microfinance Group for Africa (PAMIGA), a Paris-based microfinance network, has opened an office in Ethiopia with the support of the United Nations Capital Development Fund (UNCDF) MicroLead Program, which aims to promote microsavings.
MICROFINANCE EVENT: LDJ Capital, NowStreet Media to Host “The SoHo Loft Capital Creation and Crowdfunding Conference (TSLCCAC),” January 23, 2012, New York, United States
Event Name: The SoHo Loft Capital Creation and Crowdfunding Conference (TSLCCAC)
Event Date: January 23, 2012, 1 pm to 8:30 pm
Event Location: Reed Smith NY Conference Center, New York, USA
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases 2010 Latin America & the Caribbean Regional Snapshot
The Microfinance Information Exchange (MIX), a US-based nonprofit organization that publishes financial and social performance information from microfinance stakeholders, recently released an analysis of microfinance institutions (MFIs) in Latin America and the Caribbean based on 2010 data.
MICROCAPITAL BRIEF: Private Equity Investors Wary As Return on Equity for Indian Microfinance Institutions Drops from Over 45% to Under 20%
The steep decline in microloan repayments that began in 2010 in the Indian state of Andhra Pradesh (AP) is continuing to keep private investors away from microfinance institutions (MFIs).
MICROCAPITAL BRIEF: United Kingdom Loans $100m to Launch Private Sector Development Programme in Partnership with Small Industries Bank of India
The UK has launched a private sector development programme in India with a loan of GBP 65 million (USD 100 million) which will be implemented between 2012 and 2019 together with the Small Industries Development Bank of India (SIDBI).
MICROCAPITAL BRIEF: Stymied by Local Regulation, Microfinance Institutions (MFIs) based in India’s Andhra Pradesh Expand Into Northern States
Following the enactment of the Regulation of Microlending Act in October 2010 by government of the Indian state of Andhra Pradesh (AP), which requires government approval of each microloan, microfinance institutions (MFIs) based in AP have began expanding into northern India.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), India’s Microfinance Institutions Network (MFIN) Promote Reporting to Credit Information Bureau
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the Microfinance Institutions Network (MFIN), a self-regulatory organization of Indian microfinance institutions, are working together to encourage microfinance institutions to start reporting to the country’s Credit Information Bureau, which is intended to promote responsible lending.
MICROCAPITAL BRIEF: Government of Andhra Pradesh, India, Introduces Interest-Free Loans for Women in Self-Help Groups (SHGs)
On January 1, the government of the Indian state of Andhra Pradesh will introduce Vaddi Leni Runnam, a scheme that will provide women in self-help groups (SHGs) interest-free loans of up to INR 500,000 (USD 9,500) [1,2].
MICROCAPITAL BRIEF: Bank Loans to Indian Microfinance Institutions Slow Down in First Half of Fiscal Year
According to data released by the Reserve Bank of India, bank loans to Indian microfinance institutions (MFIs) and self-help groups (SHGs) dropped during the first half of the fiscal year to INR 22,480 crore (USD 4.35 billion).
MICROCAPITAL BRIEF: responsAbility Lends $8.2m to Microfinance Institutions (MFIs) FINCA DRC, Bandhan of India, Opportunity Microcredit Romania
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans amounting to USD 8.2 million to microfinance institutions (MFIs) FINCA DRC of the Democratic Republic of the Congo, Bandhan of India and Opportunity Microcredit Romania (OMRO).
MICROCAPITAL BRIEF: Shares of India’s SKS Microfinance Fall 10% Following Announcement of $78m Loss During Quarter Ending September 2011
SKS Microfinance, an India-based microfinance institution, has reported a loss of INR 3.8 billion (USD 78.4 million) for the quarter ending September 30, 2011 [1].
MICROCAPITAL BRIEF: India’s SKS Microfinance to Raise $184m via Share Sale
The board of Indian microfinance institution (MFI) SKS Microfinance reportedly has approved plans to raise INR 900 crore (approximately USD 184 million) through a qualified institutional placement (QIP), whereby newly-issued shares will be sold to institutional investors [1].
MICROCAPITAL BRIEF: Indian Finance Ministry Proposes Microfinance Bill Allowing Deposit-Taking, Reserve Bank of India Opposed
The finance ministry in India is drafting a Microfinance Institutions (Development and Regulation) Bill which will allow microfinance institutions (MFIs) in India to collect deposits from self-help groups (SHGs) and SHG members.
MICROCAPITAL BRIEF: Banks Approve $245m Loan Restructuring for Indian Microfinance Institution Share Microfin
Share Microfin, an Indian microfinance institution (MFI), has reportedly reached agreements with a number of banks, including ICICI Bank Limited, to restructure debt owed by Share worth about INR 12 billion (USD 245 million).
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Fee-Based “MIX Silver”
The Microfinance Information Exchange (MIX), a US-based nonprofit organization that publishes financial and social performance information from microfinance stakeholders, recently announced the launch of a fee-based service that offers the ability to: create a personalized dashboard to track real-time changes in microfinance markets; build virtual microfinance institution portfolios for analysis; access benchmarking and aggregation tools; and access all interim and annual data for approximately 2,000 MFIs in the MIX database [1].
MICROCAPITAL BRIEF: Indian Microfinance Institution Bhartiya Samruddhi Finance Limited (BSFL) Looks to Convert $40m in Loans to Preference Shares
Indian microfinance institution Bhartiya Samruddhi Finance Limited (BSFL) reportedly has requested permission from its creditors to convert loans amounting to INR 2 billion (USD 40.6 million) into preference shares to secure an immediate line of credit.