Over-leveraged borrowers put Rs 15,800 crore microfinance portfolio at riskMicrofinance has become a double-edged sword, with substantial debt levels amassing to about ₹15,800 crore among borrowers juggling multipl...
Abler Nordic leads $5 million infusion in Sindhuja MicrocreditSindhuja Microcredit has secured $5 million in fresh funding from overseas investors Abler Nordic, Gawa Capital, and Oikocredit. This capit...
These 8 private and public banking stocks have an upside of up to 35% in one year, according to analystsThere was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norm...
India outlines two-phased DPI roadmap to achieve $30 trillion economy by 2047India plans a two-phase strategy for Digital Public Infrastructure. DPI 2.0 from 2025 to 2035 builds capable citizens. DPI 3.0 from 2035 to...
From swipe to strategy: Your credit card now decides what you buyConsumers now meticulously compare credit card offers before making purchases, turning transactions into value calculations. Credit cards a...
NBFC-MFIs largest provider of micro-credit: ReportNBFC-MFIs and scheduled banks dominate micro-credit disbursal in India, with NBFC-MFIs leading. The gross loan portfolio for micro-credit r...
Mega success on the microcredit frontThe priority accorded to microcredit on this scale has some obvious benefits. GoI is pushing the programme to build manufacturing capacity ...
Norway’s NMI, Carpediem invest in Delhi-based Sindhuja MicrocreditSindhuja Microcredit has raised $4 million in Series A funding in March 2019 from Carpediem.
Bandhan Bank to gradually pare micro credit exposure: Chandra Sekhar Ghosh"The bank's exposure to microcredit at present is 61%. Over the next three to five years, the bank's ratio of micro and non-microcredit wil...
Carpediem Capital invest Series-A $4 million funds in women-centric microfinance start-up –Sindhuja MicrocreditThe start-up focuses on rural region women entrepreneurs in India and currently, has 23 operational branches with over 28,977 active custom...
Total gross loan of microfinance industry grows 6 pc to Rs 65,090 cr in Q3Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore of which NBFC-MFIs are leading with Rs 60,117 ...
Bandhan Bank to retain focus on mircocredit for now, says CEOTurning from a microcredit institution to a universal bank within one-and-half-years, Ghosh believes serving those at the "bottom of the py...
Micro-credit is a tool to create entrepreneurship: Muhammad YunusYunus, who pioneered the concept of micro-credit in the world, said that social business is the only way to create wealth and also employme...
Micro-credit courses to improve IIT-Kharagpur students scoreThe duration of such micro-credit courses will be 3-14 days including 12 hours of lecture or 10 hours of lecture and 5 hours of design or 1...
China's micro-credit companies gave loans upto US $ 137 billion: People's Bank of ChinaChina's 8,127 micro-credit cos have given loans to the tune of US $ 137.06 billion, to boost the ast rural economy, the central bank said t...
- End-use data famine hits microcredit
If we go by the report, there is a need to change the mindset of people that see microcredit programmes as anti-poverty programmes.
- Micro-credit gets a helping hand in Africa
Pinsoumane Kante is proud of his welding shop in Missira, Senegal. After working with his father, he established a workshop to cash in on t...