Expanding Your Microfinance World View
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 Nov 30th, 2010
By Lindsay Clinton Editor of Beyond Profit & AVP at Intellecap 30 November 2010 [Good.Is] Rumors of the death of microfinance in India have been greatly exaggerated. Here’s what’s really happening. Until recently, microfinance was the darling of poverty alleviation. A foolproof way to pull people out of $2-a-day poverty. But, now, the microfinance sector in India [...]
Posted in Featured News on Nov 26th, 2010
26 November 2010 [MoneyLife] Compounding its woes, SKS Microfinance has now come under the Insurance Regulatory and Development Authority’s (IRDA) scanner for violating norms in selling insurance policies to its borrowers, reports PTI. Sources said the country’s only listed microfinance company SKS Microfinance is under IRDA scanner for charging higher commission on sale of insurance [...]
Posted in Featured News on Nov 23rd, 2010
By Tamal Bandyopadhyay 23 November 2010 [Livemint] India’s finance minister Pranab Mukherjee says the government doesn’t want to “strangulate” the microfinance industry that is in the business of giving tiny loans to poor people. At the same time, he asserts that the industry should bring down interest rates to a “reasonable” level and stop using [...]
Posted in Featured Articles on Nov 17th, 2010
By Eric Bellman 17 November 2010 [WSJ] Dear Esteemed Politicians and Bureaucrats of Andhra Pradesh: The backlash against microfinance institutions is threatening to cripple the industry that gives tiny loans to mini entrepreneurs. (Reuters) Please take 10 minutes to consider some important numbers before you destroy the one industry in your lovely southern state that [...]
Posted in Featured News on Nov 17th, 2010
17 November 2010 [Syminvest] SKS Microfinance Ltd. dropped to the lowest since its August trading debut after the head of an industry lobbying group said the nation’s microfinance companies are seeking emergency funding. Shares of India’s biggest provider of small loans fell as much as 18 percent to 735 rupees before trading at 775 rupees [...]
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 [...]
Posted in Featured News on Nov 11th, 2010
11 November 2010 [Economic Times] In a development that could potentially offer more relief to microfinance borrowers, India’s microfinance players feel that lending rates can be brought down further if microfinance institutions (MFIs) get funding at lower cost. “Interest rates are an issue that concerns the entire industry, which is subject to combination of issues [...]
Posted in Featured News on Nov 10th, 2010
By Nidhi Dutt 10 November 2010 [BBC News] A young widow sits in the middle of the dusty floor of her small mud brick house. Her world, as a poor single mother in rural India, is as bare and as empty as the walls she stares at. Lakshmamma had a micro-loan of about $200 that [...]
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