microfinance

India: MFIs increasingly raising money through securitisation…

30 Aug, 2010, 01.42AM IST, Shailesh Menon,ET Bureau
MUMBAI: Microfinance companies are increasingly adopting the securitisation model to raise capital. Over a dozen organised lenders have raised money over the past one year by selling their assets (micro-loan units) in the securitised form. This involves the pooling of similar type of micro-loans and repackaging them [...]

The Economist: Power to the people…

Technology and development: A growing number of initiatives are promoting bottom-up ways to deliver energy to the world’s poor
Sep 2nd 2010
AROUND 1.5 billion people, or more than a fifth of the world’s population, have no access to electricity, and a billion more have only an unreliable and intermittent supply. Of the people without [...]

India: ‘Citigroup will grow with India’…

New Delhi, September 02, 2010
Being the first Indian to head Citigroup, CEO Vikram Pandit says Citi will continue to support microfinance in India and work towards financial inclusion. Excerpts: Your job has been described as one the toughest banking jobs in the history… Leading Citi through one of the worst global slowdowns has [...]

SKS Microfinance Market Capitalization crosses US$ 2 Billion…

SKS Microfinance has risen by more than 30% on it’s issue price of Rs 985 .
The market capitalization of SKS Microfinance, India’s largest micro finance company which listed on the stock markets on the 16th August 2010 has crossed US$ 2 Billion in a short span of two week. The stock also made a [...]

Hints of the Subprime in New Microcredit…

John D Conroy | September 01, 2010
Enthusiasm for microfinance has surged since Professor Muhammad Yunus and his Grameen Bank shared the Nobel Peace Prize in 2006.
This November, APEC finance ministers will be asked to adopt an initiative on “financial inclusion” when they meet in Kyoto.
Unfortunately, this coincides with a wave of financialization of [...]

Thailand Post may provide microfinance centres…

Published: 31/08/2010 at 12:00 AM
Thailand Post offices nationwide could be transformed into microfinance centres as part of the government’s bid to extend financial services to lower-income groups, said Finance Minister Korn Chatikavanij.
The postal service’s 1,200 branches and tens of thousands of staff nationwide could serve as a broad distribution channel for [...]

Grameen Grows Its Microfinance Platform on Amazon’s Cloud…

By Penny Crosman Sep 1, 2010
We’ve recorded recently how Grameen Foundation — a U.S.-based nonprofit that builds on the work of Grameen Bank founder Muhammad Yunus to try to “enable the poor to create a world without poverty” through microfinance (very small loans, such as $500) — has enlisted the help of [...]

After SKS success, more microfinance public issues are on the horizon…

Namrata Acharya / Kolkata August 31, 2010, 0:55 IST
It was merely a coincidence that the year after C K Prahalad’s bestseller, The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (2004), that Vikram Akula returned to SKS Microfinance, leaving a consultancy job at McKinsey & Company in Chicago [...]

Bangladesh: Asia Microfinance Forum to focus on Financial Inclusion in Asia…

The Asia Microfinance Forum 2010 convened by the Banking With the Poor Network (BWTP) and organised by the Foundation for Development Cooperation (FDC) will be held in Colombo, Sri Lanka from 12-15 of October 2010. Citi Foundation is Lead Sponsor and Hatton National Bank, the Local Host for this event. Microfinance [...]

India: Top 100 Microfinance Institutions in the World…

For the third year running, MIX has released it’s Composite Ranking of the performance of microfinance institutions and Grameen Financial Services Pvt Ltd is the highest ranked Indian MFI at No 4 . Next comes SKS Microfinance at No 7, followed by Spandana at No 8. BASIX is ranked at No 11, SHARE at No 12 [...]

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