Expanding Your Microfinance World View
Posted in Featured News on Jan 19th, 2011
19 January 2011 [PressRelease] The Reserve Bank of India today released on its website the Report of the RBI Sub-Committee of its Central Board of Directors to study Issues and concerns in the micro finance institutions (MFI) Sector. The Sub-Committee has recommended creation of a separate category of NBFCs operating in the microfinance sector to [...]
Posted in Featured Articles on Dec 30th, 2010
By Bindu Ananth and Nachiket Mor 30 December 2010 [IFMR] We have maintained a consistent position that despite all the imperfections of the MFI industry, the AP crisis was brought on primarily by the Ordinance that restricted the ability of MFIs to collect on the loans they had made and the misplaced perception of key [...]
Posted in Featured News on Dec 24th, 2010
By Bijou George and John Satish Kumar 24 December 2010 [WSJ] The chief executive of the Indian Banks Association indicated Wednesday that banks will ensure microlenders remain fully funded in the short term to help them overcome temporary hiccups in repayments and maintain business as usual. Microlenders typically fund their loans to their consumers though [...]
Posted in Featured Articles on Dec 17th, 2010
By Elisabeth Rhyne Managing Director, Center for Financial Inclusion 17 December 2010 [CFIBlog] Microfinance in India is undergoing a crisis caused by a toxic mix of mushrooming growth and political volatility. As they ponder their next steps, participants in the Indian microfinance sector would do well to examine another crisis that touched microfinance, in Bolivia [...]
Posted in Featured Articles on Dec 16th, 2010
By Peg Ross, Director of Grameen Foundation’s Human Capital Center 16 December 2010 [CGAP] This post is the next in a special blog series on the microfinance crisis in Andhra Pradesh, India. Over the coming weeks we’ll be featuring a variety of voices on the issues raised by this crisis and what it means for the [...]
Posted in Featured News on Dec 16th, 2010
16 December 2010 [VCCircle] Shares in SKS Microfinance have fallen by more than half since a late September peak. Shares of SKS Microfinance, India’s largest and only publicly listed lender to the poor, fell by as much as 5 percent after lawmakers in the Indian state of Andhra Pradesh approved legislation to regulate the fast-growing [...]
Posted in Featured Articles on Dec 15th, 2010
By Burcu Güvenek Araslı, Microfinance Expert 15 December 2010 [HurriyatDaily] The crisis exploded in the Indian state of Andhra Pradesh in early October after tragic casualties from suicides of microcredit users hit the epicenter of microfinance in India. The crisis has since fueled allegations against microfinancers across the country and globally. As events continue to [...]
Posted in Featured Articles on Dec 9th, 2010
By Atreya Rayaprolu, Vice President at Intellecap & K Sree Kumar, CEO of Intellecap 9 December 2010 [VCCircle] If the sector tides over the current crisis, in the next few months we could see a Third Wave of Microfinance. How things change. Less than two months ago the Indian Microfinance industry was riding the crest [...]
Posted in Featured Articles on Nov 30th, 2010
30 December 2010 [iStockAnalyst] The crisis that’s gripped the microfinance institutions (MFIs) may have wider implications for social for-profit business models. While the government is aiming to establish a framework for the MFI industry, investors are now carefully checking how “social” such ventures really are and whether a promoter is committed enough to differentiate between [...]
Posted in Featured News on Nov 25th, 2010
By Ruth David 25 November 2010 [BusinessWeek] India’s finance ministry plans to introduce new legislation for the nation’s microfinance industry, a federal minister said yesterday. The Micro Finance (Development & Regulation) Bill, 2010, will be developed in consultation with the central bank, Namo Narain Meena, the junior finance minister, said in a written statement to [...]
Posted in Featured News on Nov 22nd, 2010
22 November 2010 [VCCircle] The Andhra ordinance has been highly unfavourable for the industry resulting in a drop in collections. Rating agency CRISIL on Monday put 12 microfinance institutions on rating watch with negative implications, saying recent events can damage the business models of these firms. Andhra Pradesh, the hub of India’s microfinance sector, recently [...]
Posted in Featured Articles on Nov 9th, 2010
By K Sree Kumar CEO Intellecap 9 November 2010 [VCCircle] In fact, Indian MFIs are amongst the most cost-efficient in the world and their interest rates among the lowest. To some in the investment industry, microfinance seemed to offer almost miraculous redemption. Here was proof that venture capital could be benign, and still deliver Gordon [...]
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