Economic Times: IFC in talks with banks, FIs to invest in clean tech projects…

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 [...]

After SKS success, Share Microfin, Spandana Sphoorty may go public…

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 [...]

Huffington Post: Microfinance: Keeping the Mission When Non-Profits Become For-Profits…

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 [...]

WSJ: Confessions of a Micro-Financier…

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 [...]

IFC may invest in microfinance funding agency Ananya…

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 [...]

Bloomberg: Hedge Funds Gamble on Poor in `Simpsons’ Farce…

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 & [...]

San Francisco Chronicle: Microfinance groups help small businesses grow…

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 [...]

Washington Times: Micro-finance: Let’s get it going in U.S…

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 [...]

18 million Nigerians access microfinance sector…

By Bassey Udo

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 [...]

New regulations seen hurting micro-insurance…

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 [...]

NY Times: With Squeeze on Credit, Microlending Blossoms…

Published: July 28, 2010
Amanda Keppert is convinced that she would have lost Mandy’s Korner, her hot dog stand in San Jose, Calif., if she had not received a type of loan that is more common in the third world than in the United States.
Last year, as fewer people ate out and [...]

Microfinance: For Community or for Gain?…

John Cookson on July 30, 2010, 11:04 AM
Microfinance—a system of small loans and money services geared toward small businesses—has been heralded as a bold new financial frontier, opening up a wealth of opportunity to those otherwise unable to obtain a loan. This attention is not without good cause; microfinance groups [...]

Gallup: Few Sub-Saharan Africans Aware of Local Microfinance Options…

Forty-three percent say lenders aren’t available
by Jenny Marlar
WASHINGTON, D.C. — Residents in sub-Saharan African countries report a wide range of awareness about the availability of microfinance lending in their communities, suggesting these institutions remain locally inaccessible to many who would benefit most from using them. Malawians (65%) and Ugandans (63%) are [...]

India: ‘Micro finance sector represents good investment opportunity’…

BANGALORE: The Indian micro-finance industry (MFI) believes that the sector represents a good investment opportunity and capital adequacy will not be a constraint in the days ahead.
This sense of optimism comes at a time when the Reserve Bank of India(RBI) has indicated that the capital adequacy ratio (CAR) for MFIs would be [...]

WSJ: SKS Microfinance IPO Fully Subscribed…

MUMBAI—The initial public offering of SKS Microfinance Ltd. was fully subscribed on the third day of subscriptions Friday, an investment banker involved in the share sale said.
“The bids have been coming in and the institutional book has been covered multiple times. We’re on course for the book [...]

Portfolios.com: Not the Typical Charity Case…

by Clay Holtzman Jul 26 2010

Investors linked to a charity stand to receive millions of dollars when a company they supported in lending to the poor in India goes public next week.The charity, Unitus, abruptly dismissed most of [...]

Bloomberg: Soros-Backed SKS Microfinance Seeks as Much as $347 Million in Indian IPO…

By Ruth David – // Jul 26, 2010 12:25 AM CST
SKS Microfinance Ltd., the Indian lender backed by Sequoia Capital and George Soros, raised its initial public offering to as much as 16.3 billion rupees ($347 million) after [...]

EU implements guarantee action under Progress Microfinance Facility…

published on Monday, July 26, 2010 under Economic & Financial Affairs

The European Union has published in the EU Official Journal of 24 July 2010 a notice addressed to intermediaries aiming to provide micro-credits or guarantees supporting micro-credits, about the implementation of the Guarantee Action under the European Progress Microfinance Facility. [...]

SKS Microfinance public issue too expensive, say analysts…

Retail investors get a discount of Rs50 and one day more than institutional buyers to subscribe to the offer…
Pramit Bhattacharya, [email protected]
SKS Microfinance Ltd, India’s largest microfinance institution (MFI), will sell 16.7 million shares from Wednesday and has priced its initial public offering (IPO) at between Rs850 and Rs985 a share. Analysts [...]

‘HuffPost Innovators’ features InVenture Fund: A “Micro-Venture Capital Fund”…

Number of Employees: 5
Based In: Santa Monica, California
Founded: 2009
Funded By: Self-funded
Audacious Five-Year Plan: To become the global leader in “micro-equity”
Intended to help struggling entrepreneurs, microfinance loans can end up being a burden. A new nonprofit wants to offer startups who’ve previously borrowed from microfinance providers with interest-free funds — on the condition they reinvest in [...]

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