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MICROFINANCE INITIATIVE FOR ASIA
Enabling sustainable and inclusive growth: Standard Chartered’s strategic commitment to India’s ambitious agendaStandard Chartered has mobilised over USD1 billion for India's microfinance and NBFC sectors. P.D. Singh, CEO for India and South Asia, exp...- HDFC Bank raises USD 500 mn from IFC for on lending to women borrowersHDFC Bank secured a USD500 million loan from IFC to support underserved women borrowers by providing microloans through self-help and joint...
- Two promoter entities sell 10.2% stake in Fusion MicroFinance for Rs 572 croreGlobal private equity firm Warburg Pincus, through its affiliate Honey Rose Investment, sold 6,457,849 shares, representing 6.4% stake for ...
- Satin Creditcare Network raises Rs 75 crore from impact investorsThe lender raised the fund at 11.8 per cent rate, payable semi-annually. It allotted the non-convertible debentures worth Rs 75 crore in fa...
- Satin Creditcare's rights issue oversubscribed even as SBI-promoted fund doesn't take partSBI Emerging Asia Financial Sector Fund, which held 6.37 per cent in Satin, did not take the offer, sources close to the matter told ET.
- Danish company Maj Invest buys 18% equity in SAVE Solutions for Rs 120 croreSAVE Solutions is a business correspondent for State Bank of India, Bank of India and Bank of Baroda and intends to use this capital to exp...
- Norway’s NMI, Carpediem invest in Delhi-based Sindhuja MicrocreditSindhuja Microcredit has raised $4 million in Series A funding in March 2019 from Carpediem.
- Jagaran Microfin raises Rs 22 crore from BlueOrchard Finance through NCD issuanceThe funding was raised through the issuance of non-convertible debentures that were subscribed to by BlueOrchard from its Microfinance Init...
- InCred Finance in talks with microfinance companies for buyout or controlling stakThe company, which lends for personal and small business needs, affordable homes and education, is keen on lending in rural India by enteri...
- Satin Creditcare gets approval for NSE listingMicro-finance firm Satin Creditcare Network Limited today said it has received approval for listing of shares on the NSE.
- RGVN (North East) Microfinance raises Rs 49.26 cr via NCDsRGVN (North East) Microfinance Ltd today said it has raised Rs 49.26 crore from two foreign investors by issuing Non-Convertible Debentures.
- Utkarsh Microfinance raises Rs 75.8 crore through NCDsUttar Pradesh-based Utkarsh Micro Finance has raised Rs 75.8 crore in debt funding from a consortium of financiers.
- Utkarsh Micro Finance raises Rs 20 crore from existing backersVaranasi-based non-banking finance company will use the proceeds of the latest round of financiang to build up its presence in UP, Bihar.
- Basix Group looking to expand Africa footprintOne of India’s oldest microfinance institutions is heading to Africa to try and spread its risks because of the troubles the sector is faci...
- VA Tech Wabag's Rs 500 cr IPO to hit market by mid SepThe public offering by VA Tech, a water treatment solutions provider, would be a new category of issue, after successful fund raising by SK...
- StanChart in pact with IFC to finance Asian, African MFIsWorld Bank Group member International Finance Corporation has joined hands with banking major Standard Chartered for launch of credit linke...
- IFC, KfW set up $1bn MFI fundInternational Finance Corporation (IFC) and German development bank KfW have announced the Microfinance Initiative for Asia (MIFA) to commi...
- Citi Foundation launches $11.2 million International Microfinance ProgramThe Citi Foundation on Thursday announced a three-year $11.2 million international grant program to advance the integration of micro-financ...
- IFC, KfW forge microfinance deal for AsiaWorld Bank’s private sector arm, International Finance Corporation (IFC), has entered into a strategic partnership with the German developm...
- Microfinance MNC Accion ties up with YES BankGlobal microfinance institution Accion International on Wednesday announced its foray into Asia through a technical collaboration with YES ...
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