The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, in partnership with the Multilateral Investment Fund, an investment fund administered by the Inter-American Development Bank (IDB), have recently published the “2010 Microfinance Americas: The Top 100”.
Search Results for: Microfinance Institutions Bill India
MICROCAPITAL BRIEF: Indian Microfinance Institutions (MFIs) Consider Legal Action Against New Regulations in Andhra Pradesh
Indian microfinance institutions (MFIs) are considering using legal action to attempt to block regulations of MFIs proposed by the government of Andhra Pradesh.
MICROCAPITAL BRIEF: Indian Government Finalizes Debt-Swap Scheme, Ordinance to Counter Coercive Practices of Microfinance Institutions (MFIs)
The Cabinet of the Indian government has hammered out a debt-swap scheme to relieve self-help groups troubled by high interest rates charged on microloans and has approved a draft of an ordinance intended to end coercive collections practices by microfinance institutions (MFIs) in India.
MICROCAPITAL BRIEF: Indian Microfinance Institution Equitas Securitizes $22m in Loans, Arranged by IFMR Capital, Subscribed to by IFMR Capital, UTI Mutual Fund, HDFC Bank and Reliance Capital
Microfinance institution (MFI) Equitas Microfinance India Private Limited has announced that it has securitized loans totaling INR 1 billion (USD 22 million).
MICROCAPITAL BRIEF: Series of Suicides Related to Microloan Repayment Rock India, Raises Questions of Whether Interest Rates Charged by Microfinance Institutions (MFIs) are Too High
A series of microfinance-related suicides in India have recently been reported, raising questions about whether the interest rates charged by microfinance institutions (MFIs) are usurious.
MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Sets Up a “Lenders’ Forum” to Promote Responsible Practices Among Indian Microfinance Institutions
Several major lenders to microfinance institutions in India have agreed to set up a “Lenders’ Forum” to promote transparent, responsible and commercially sustainable industry practices and codes of conduct so as to better safeguard the interests of the unbanked who form their client base.
MICROCAPITAL BRIEF: Everest Bank Seeks to Start Microfinance Operations in Nepal
Everest Bank Limited, a private bank owned partly by the Indian Punjab National Bank, recently applied to Nepal Rastra Bank, Nepal’s bank regulator, to start microfinance operations.
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Labels IPO of Indian Microfinance Institution SKS “A Critical Transition”
A paper recently published by CGAP (Consultative Group to Assist the Poor) discusses how initial public offerings (IPOs) can shape the microfinance industry.
MICROCAPITAL BRIEF: Suicides and Criticism of Interest Rates, Collection Practices Prompt SHARE Microfinance, Spandana Sphoorty to Delay IPOs
In response to a wave of negative publicity from claims that Indian microfinance institutions (MFIs) are charging interest rates that are too high and are practicing coercive loan recovery methods, some Indian MFIs are postponing their plans to raise funds.
MICROCAPITAL BRIEF: Indian Microfinance Institution Sanchetna Financial Services Lowers Interest Rate on Samridhi Loan Product from 15% to 12.5% with a 45-Week Term
Sanchetna Financial Services, a Lucknow-based microfinance institution, recently announced that it will lower interest rates on its flagship loan product, Samridhi, from a flat interest rate of 15 percent over 46 weeks to 12.5 percent over 45 weeks.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Online Training Sessions
Microfinance Information Exchange (MIX), a global, web-based microfinance information platform established in 2002, has announced the initiation of online training sessions on MIX Market, MIX’s database providing financial and social performance information on microfinance institutions, funders and service providers.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases the 20th Edition of the MicroBanking Bulletin (September 2010 Issue)
Microfinance Information Exchange (MIX), the microfinance information clearinghouse, recently released its 20th edition of the MicroBanking Bulletin (MBB), which includes “2006-2008 MFI Trendline Benchmarks”, highlighting trends in the microfinance industry using data from 611 microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Crisil Assigns SKS Microfinance of India “P1+” Rating for $166m Short-Term Debt Program
On September 24, 2010, Crisil, a credit rating agency based in Bangalore, India, assigned a “P1+” rating to the INR 7.5 billion (approximately USD 166 million) short – term debt program of SKS Microfinance, a publicly owned microfinance institution (MFI) based in India.
MICROCAPITAL BRIEF: Executive Director Reflects on Past and Future of the Microfinance Information Exchange (MIX)
On the occasion of his first anniversary with the organization, Microfinance Information Exchange (MIX) Executive Director Marten Leijon reflects on the past and future of MIX, discussing priorities such as transparency, innovation and increased collaboration for information exchange.
MICROCAPITAL BRIEF: Muhammad Yunus and Vikram Akula Debate Microfinance Models at Annual Meeting of Clinton Global Initiative (CGI)
At the annual meeting of the Clinton Global Initiative, a forum on international development founded in 2005 by former US President Bill Clinton, Nobel laureate Muhammad Yunus and Vikram Akula, founder of Indian SKS Microfinance, which recently went public, discussed different models for microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Aavishkaar India Micro Venture Capital Fund Reportedly Raising $100m to Set Up Third Private Equity Fund for Microfinance in India
Aavishkaar India Micro Venture Capital Fund (Aavishkaar Venture India), a venture fund that provides equity financing to entrepreneurial initiatives, especially in India at the bottom of the pyramid, is reportedly raising INR 4.58 billion (the equivalent of USD 100 million) to set up its third “microfinance-focused” private equity fund through Aavishkaar Goodwell.
MICROCAPITAL BRIEF: Lokesh Kumar Singh of Sanchetna Financial Services on Corporate Governance in the Indian Microfinance Industry
Lokesh Kumar Singh, Managing Partner at Indian microfinance institution (MFI) Sanchetna Financial Services, recently wrote an article on corporate governance in the Indian microfinance industry that appeared on the India Microfinance Business News website.
MICROCAPITAL BRIEF: More Bankers Joining Indian Microfinance Industry
Anita Bhoir, a columnist of the Indian Express newspaper, recently published an article on the growing number of bankers that are joining microfinance institutions (MFIs) and non-banking finance companies (NBFCs), a broad term that includes some small microfinance cooperatives.