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CASHPOR MICRO
NBFC-MFIs outpace microfinance industry growth, banks falterNon-banking finance companies-microfinance institutions (NBFC-MFIs) in India have seen a 43% year-on-year growth, allowing them to increase...- Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
- RBI allows Sidbi to use an existing Rs 1000-crore corpus for lending to MFIsSidbi is providing fund to Cashfor at 8% rate while it on lends at 16.98%. SKDRDP is getting fund at 5% and on lending to micro borrowers a...
- UP is to India what India is to world – a long haul opportunity: Dipen Sheth, HDFC Securities"If I am getting 20-25% compounding for the next five years, 4x for a financial is fine"
- MFIN re-elects Rakesh Dubey as its presidentThe industry association and self-regulator for the NBFC-MFIs has also elected Devesh Sachdev, chief executive of Fusion Microfinance as vi...
- Sahara Group’s woes, strict Andhra rules force micro lenders to focus on Uttar PradeshUttar Pradesh seems to be the new Mecca for microfinance, with Andhra Pradesh having abdicated that role thanks to a tough law in 2010.
- Suicides reveal how men made a mess of MFIsMore than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...
- Liquidity affected by MFI crisis: Bindu Ananth, President, IFMR TrustIFMR Trust, a private trust with an initial corpus raised through long-term borrowings from ICICI Bank, was set up in 2008 and has backed a...
- Indian MFIs to build portfolio of $6.27 billion by 2012It is estimated that there are over 1,000 MFIs operational in India currently, which have disbursed only 10% of the potential demand of ove...
- Microfinance business to touch $2 bn by 2009With big money entering the fray, microfinance is emerging as a hot, new opportunity for global players and local entrepreneurs. Crucial ye...
- Suddenly, it is sexy to fund the poorMicrofinance companies in India have grown from their NGO roots to become profit-making businesses.
- Microcredit, Mohd Yunus get their dueIt may take us half-a-century more to figure out who nominated Mohammed Yunus and his Grameen Bank for the Nobel Peace prize. But, for the ...
- Microfinance creates flutter among VCsThe venture capital (VC) fraternity is beginning to spot an opportunity at the bottom of the pyramid.
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