Posted in Featured News on Mar 3rd, 2011
25 February 2011, New York [PressRelease] The International Association of Microfinance Investors (IAMFI) today issued a report, sponsored by Morgan Stanley, on best practices and guidelines for handling debt defaults by microfinance institutions (MFIs). In the recent past, several factors – such as increased capital flows, record growth by MFIs and the global financial crisis [...]
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Posted in Featured News on Jan 8th, 2011
8 January 2011 [Syminvest] The potential of the Chinese micro-credit market has attracted the attention of private capital searching for higher rates of return, and provides business opportunities for micro-finance service companies. “The scale of China’s micro-credit market will reach more than 10 trillion yuan ($1.5 trillion) during the coming years, and we see huge [...]
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Posted in Featured News on Jan 5th, 2011
5 January 2011 [VCCircle] NCDs listed on BSE and subscribed by Developing World Markets, an asset manager focused on social sector. At a time when microfinance institutions are facing liquidity crunch due to the tightening in the regulatory environment, Bangalore-based Ujjivan Financial Services has raised Rs 40 crores of debt capital from DWM (Cyprus) Limited [...]
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Posted in Featured News on Dec 31st, 2010
31 December 2010 [IFMR] IFMR Capital recently structured and arranged an INR 165.5 million securitisation transaction. The transaction is backed by 25,768 microloans originated by well-known Bangalore based MFI, Grameen Financial Services Pvt. Ltd., popularly known as Grameen Koota. This is the third rated transaction with Grameen Koota as originator. Closing the transaction at this [...]
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Posted in Featured News on Dec 29th, 2010
29 December 2010 [VCCircle] The fund, which has started its ops from Gujarat, is backed by UK and Silicon Valley entrepreneurs. Shanti Microfinance, a not-for-profit organization, is raising a $772,000 (£500,000) fund backed by UK and Silicon Valley entrepreneurs and venture capitalists. The firm has already disbursed £10k ($15.4k) and plans to start its operations [...]
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Posted in Featured News on Dec 23rd, 2010
23 December 2010 [VCCircle] Hope Microcredit, which started as an NGO in 2005 and then registered as NBFC, started MFI ops this year. Kerala-based Hope Microcredit Finance Ltd. has raised Rs 10 crore from in what will be the first (disclosed) private equity investment in the Indian microfinance sector after the crisis started in Andhra [...]
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Posted in Featured News on Dec 20th, 2010
20 December 2010 [PressRelease] Symbiotics, a leading microfinance investment services company, launched on Thursday December 16th Micro, Small & Medium Enterprise Bonds SA (MSME Bonds), an issuance platform based in Luxembourg dedicated to impact investing for institutional investors. Its two first bonds include a USD 10 million refinancing of MUCAP and a USD 11.5 million [...]
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Posted in Featured News on Dec 12th, 2010
12 December 2010 [PressRelease] The Asian Development Bank (ADB) will provide up to $10 million for a private equity fund that aims to expand microfinance and small bank lending to poor, underserved groups across the region. ADB’s Board of Directors approved the equity stake in the ShoreCap II Fund. It will invest in microfinance institutions [...]
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