SKS Microfinance has launched India’s first initial public offering (IPO), anticipation of which stretches at least back to a report by MicroCapital on March 29, 2010.
Search Results for: Microfinance Institutions Bill India
MICROCAPITAL BRIEF: India’s SKS Microfinance Raises $64m in Share Allotment Ahead of Initial Public Offering (IPO)
SKS Microfinance reported it has raised INR 2.98 billion (USD 64 million) in a share allotment to 36 undisclosed anchor investors prior to its initial public offering (IPO) scheduled to open July 27, as was previously reported by MicroCapital on July 22, 2010.
MICROCAPITAL BRIEF: ThoughtWorks to Provide Software Services in Support of The Grameen Foundation’s Mifos Microfinance Technology Platform
ThoughtWorks, a global technology company based in the US state of Illinois, has announced that it will provide software engineering services for The Grameen Foundation’s Mifos Platform, a software platform launched in 2006.
MICROCAPITAL BRIEF: Saija Finance Private Limited Addresses Shortage of Microfinance in Bihar, India
Since 2008 Saija Finance Private Limited, a nonbanking finance company with total assets of INR 11 million (equivalent to USD 240,000), has been providing microfinance services in the Indian state of Bihar, which according to a report by the National Bank for Agriculture and Rural Development (NABARD), has a credit-demand supply gap of 96 percent.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases “Brazil Microfinance Analysis and Benchmarking Report” in Portuguese
The Microfinance Information Exchange (MIX), the microfinance information clearinghouse, has recently released the Portuguese version of its most recent report on microfinance in Brazil, entitled “The 2009 Brazil Microfinance Analysis and Benchmarking Report.”
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases, “Microfinance Funders Profiles – A Short Guide for Young and Small Institutions Still Looking for a Match,” by Adrian Gonzalez
Microfinance Information Exchange (MIX) Lead Researcher, Mr Adrian Gonzalez, recently authored a report published by MIX discussing the funding sources for microfinance institutions (MFIs) in the lowest quartile in terms of size, age, profitability and portfolio quality.
MICROCAPITAL BRIEF: Indian Microfinance Institutions (MFIs) Receive $84m in Private Equity Investment in the First Half of 2010
Indian microfinance institutions (MFIs) have reportedly attracted private equity investment totaling INR 3.86 billion (USD 84 million) between January and June of this year – an increase of approximately 15 percent over the first half of 2009. According to unnamed “industry experts,” the increase is a result of the high profitability of the majority of Indian MFIs, brought about by the high interest rates that MFIs charge (30-60 percent per year) and high repayment rates (exceeding 95 percent).
MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Announces 300 Microfinance Institutions (MFIs) So Far Registered to Submit Performance Record to “Second Annual Social Performance Reporting Awards” in 2011
CGAP (Consultative Group to Assist the Poor) recently announced that approximately 300 microfinance institutions (MFIs) plan to submit their performance record to the “Second Annual Social Performance Reporting Awards,” an event to take place in 2011 that is being put together by CGAP, the Ford Foundation, the Michael & Susan Dell Foundation, the Social Performance Task Force (SPTF) and the Microfinance Information Exchange (MIX) to promote transparency of MFIs and display their achievements.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases Initial Set of “Country Briefings” Covering Morocco, Kenya, Cambodia, Bosnia and Herzegovina and Peru
The Microfinance Information Exchange (MIX) has recently released its first set of “Country Briefings” which provide information on microfinance institution (MFI) performance, funding structure and supply and demand.
MICROCAPITAL BRIEF: Credit Rating and Information Services of India Ltd. (CRISIL) Rates Equitas Micro Finance Private Ltd ‘BBB/Stable’
The Credit Rating and Information Services of India Ltd. (CRISIL), an Indian agency, recently announced its ‘BBB/stable’ rating for Equitas Micro Finance Private Ltd., an Indian microfinance institution.
MICROCAPITAL BRIEF: PesaPot and RedCloud Partner to Bring Mobile Technology Platform to Microfinance Institutions (MFIs) in Kenya
PesaPot – a technology company headquartered in Nairobi, Kenya – has announced a partnership with RedCloud – a technology platform that offers access to financial services over the internet – to provide mobile technology to the microfinance sector in Kenya. The alliance will provide microfinance institutions (MFIs) with technology that is intended to both improve the efficiency of their operations as well as reduce costs.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases “2009 Africa Microfinance Analysis & Benchmarking Report” in French
The Microfinance Information Exchange (MIX) has recently released a new version of the “2009 Africa Microfinance Analysis & Benchmarking Report” in French, which covers information on 195 African microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Swadhaar FinServe Private Limited to Receive $5.9m in Equity from ACCION International, Unitus Equity Fund, Michael and Susan Dell Foundation, MicroVest, an Indian Family Trust and Swadhaar’s Promoter Group
Swadhaar FinServe Private Limited, a Mumbai-based microfinance institution (MFI) with total assets of USD 2.1 million as of 2008, recently announced that it will receive INR 27.5 crore (equivalent to USD 5.9 million) in equity from several different investor organizations and private investors.
MICROCAPITAL BRIEF: World Bank Executes $407m in Loans for Microfinance Initiatives in India
Officials of the World Bank, a member of the World Bank Group, and the government of India recently signed two loan agreements totaling INR 19 billion (USD 407 million) for the development of microfinance initiatives in India, including a statistical information system in India.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases New Funding Structure Data
The Microfinance Information Exchange (MIX) has recently released funding structure data, which covers information on 890 microfinance institutions (MFIs) in 86 countries, reporting on 13,000 outstanding obligations and USD 15 billion in outstanding debt.
MICROCAPITAL BRIEF: Private Equity Interest in Indian Microfinance Industry is Prominent Topic at Capital Markets Conference in New Delhi Sponsored by ACCION International, Citi Foundation and EDA Rural Systems
Amid increasing demand for capital in India’s microfinance industry and growing interest of equity investors, concerns exist such as valuation bubbles and whether growth can be sustained were discussed at the recent “Microfinance Cracking the Capital Markets Conference & Investment Marketplace” held in New Delhi.
MICROCAPITAL BRIEF: Indian Microfinance Nonprofit Rang De Connects Social Investors with Lenders Online
Rang De, an Indian microfinance nonprofit organization, offers an online microlending platform to provide loans to poverty-level microentrepreneurs in India.
MICROCAPITAL BRIEF: Germany’s Environment Ministry, KfW to Launch $500m Microfinance Fund for Climate Projects in Brazil, Asia, Africa
Germany’s Federal Environment Ministry recently announced it would be launching a USD 500 million climate fund that will provide microloans for individual energy efficiency or renewables projects initially through local banks in Brazil, China, India, Indonesia, Morocco, the Philippines and South Africa.