Microfinance Horizon

21 November 2010 [Syminvest] Share Microfin Ltd., backed by New Zealand billionaire Christopher Chandler, plans to delay an initial public offering after rival microfinance companies in India sought emergency funds to cope with rising loan defaults. The lender, based in Hyderabad, had planned to raise 10 billion rupees ($221 million) in early 2011, Philip Vassiliou, [...]

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8 November 2010 [The Economic Times] A cut in rates comes from as high as 34 per cent in the backdrop of an unsavoury situation in Andhra Pradesh, where many borrowers have committed suicides apparently due to coercive methods adopted by micro finance institutions (MFIs) to recover money. Addressing a select group of newspersons after [...]

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