A group of lenders headed by the Small Industries Development Bank of India (SIDBI), a state-owned bank, have made it compulsory for microfinance institutions (MFIs) in the country to undergo third-party assessments of their codes of conduct in order to receive loans.
Tag: India
MICROCAPITAL BRIEF: UK, Silicon Valley Entrepreneurs Set Sights on India with Shanti Microfinance Fund
A number of UK and Silicon Valley entrepreneurs, including Brent Hoberman, founder of Lastminute.com, and venture capitalist John Hummer, one of the early investors in Napster, have gathered to back Shanti Microfinance, a not-for-profit microfinance fund founded and headed by Sheetal Mehta Walsh, who was till recently the Director of Venture Capital Relations at computing giant Microsoft.