Feed on
Posts
Comments

Tag Archive 'ICICI Bank'

FINO Shows a Low-cost Way Out of India’s Microfinance Mess

Posted in Featured Articles on Nov 19th, 2010

19 November 2010 [IndiaKnowledge@Wharton] The small scale of microfinance has long presented a challenge to the industry. Loans are seldom more than US$1,000; clients are widely dispersed, most of them in difficult-to-access rural areas, and the paperwork and procedures associated with a lending transaction can be a bureaucratic nightmare. All of those factors contribute to [...]

Read Full Post »

Indian Microfinance Companies Seek Emergency Funds; SKS Slumps

Posted in Featured News on Nov 16th, 2010

16 November 2010 [SFGate] India’s microfinance companies are seeking emergency funding from banks after defaults jumped amid a clampdown on lending practices, an industry group said. SKS Microfinance Ltd. shares fell by a record. The lenders are seeking 10 billion rupees ($221 million) to set up an emergency “liquidity fund,” Vijay Mahajan, head of the [...]

Read Full Post »