11 Aug 2010, 0252 hrs IST,ET Bureau
MUMBAI: International Finance Corporation (IFC), the private sector lending arm of the World Bank, is in talks with banks and financial institutions to invest in clean technology projects.
To being with, it has disbursed $75 million to IDFC, the local infrastructure financing firm, which in turn will [...]
Posted: Thu, Aug 12 2010. 1:00 AM IST
Deepti Chaudhary & Shraddha Nair
Buoyed by the warm response to the $350 million (`1,628 crore) public issue of the country’s largest microfinance firm SKS Microfinance Ltd late July, two more prominent microfinance firms— Share Microfin Ltd and Spandana Sphoorty Financial Ltd—have expedited their listing [...]
By Elisabeth Rhyne
Posted: August 9, 2010 01:36 PM
Most people with a lively interest in microfinance know that the majority of microloans dispensed throughout the world today come from for-profit microfinance institutions, rather than donation-dependent non-governmental organizations (NGOs).
What may be less recognized is how these for-profit MFIs were born. Many [...]
August 11, 2010, 5:38 PM IST
By Bijou George and Eric Bellman
Microfinance doesn’t help the very poor.
While the argument that all the attention the microlending industry attracts sometimes diverts funds from reaching programs that need it more is not new, India Real Time was surprised to see it outlined by [...]
August 5, 2010 8:31 AM BST
World Bank’s International Finance Corporation (IFC) may invest in India’s Ananya Finance For Inclusive Growth Pvt. Ltd. Ananya is expected to raise approximately $32.60 million in equity to strengthen its capital adequacy and onlend larger amount in the new entity. IFC’s proposed investment in Ananya [...]
By William Pesek – // Aug 4, 2010 3:00 PM EST
Betting on the poor has never been this profitable or this tasteless.
Just ask the good folks at George Soros’s Quantum (M) Ltd., Goldman Sachs Group Inc., JPMorgan Chase & [...]
Tom Abate, Chronicle Staff Writer
San Francisco Chronicle August 4, 2010 04:00 AM Copyright San Francisco Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Wednesday, August 4, 2010
Three years ago, Loretta Nguyen took a business training class and scraped together several thousand dollars to start [...]
Wednesday, August 4, 2010 – Making Change by Donna Rae Scheffert
Northfield, MN – 8/4/10 Micro-finance provides small amounts of money to local entrepreneurs. These borrowers have often been turned away by commercial banks. They may lack the necessary capital to support business development and business growth.
Muhammad Yunus first lent out [...]
August 4, 2010 12:40AM
The future of microfinance sector seems bleak as only 18 million out of Nigeria’s active adult population (about 21 percent) can access financial services to boost economic development.
The Resident Country Representative of the United Nations Development Programme (UNDP), Dauda Toure, who identified women and youth as making up the critical [...]
By Johnstone Ole Turana
Posted Thursday, July 29 2010 at 00:00
The recent changes requiring insurers to separate life from general business and new capital rules are likely to scuttle the growth of micro-insurance, players have said.
They said the implementation of these guidelines will affect the nascent sub-sector with the potential of locking out new players and low-income [...]
