Posts Tagged ‘Grameen Financial Services P. Ltd’

IFMR Capital closes $8 million multi-originator microfinance securitization

Microfinance Focus, Sep 20, 2010: Chennai based Non-Banking Financial Company, IFMR Capital has recently closed an INR 369 million ($8 million) multi-originator microloan securitisation with three Indian microfinance institutions (MFIs). IFMR Capital MOSEC III, the Special Purpose Vehicle created for this purpose, issued two tranches of securities backed by 45,951 microloans that were originated by Sahyata Microfinance Private Limited, Asirvad Microfinance Private Limited and Satin ... Full story

Microfinance Industry Bullish by its Maiden IPO

Microfinance Focus, Aug 3, 2010: Indian microfinance institutions who have been nurturing the financially excluded sections of the nation for years against all odds are riding high on the success of the SKS microfinance IPO and are even more excited about the opportunities that the issue has laid open to them. Speaking to Microfinance Focus, Mr. Suresh K Krishna, the Managing Director of Grameen Financial Services ... Full story

Grameen Koota NBFC-Microfinance receives over 27.5 crore equity funding

Microfinance Focus , Dec. 09, 2009/Bangalore: Grameen Koota, a division of Grameen Financial Services P. Ltd., a Bangalore-based Microfinance Institution (MFI), today announced equity funding of Rs 27.5 crores( approx USD 6 mn) from MicroVentures Investments (Luxembourg), MicroVentures SPA (Italy), Incofin (Belgium) and Aavishkar Goodwell (India). Grameen Koota, an NBFC-MFI, works with poor and low-income households, providing financial and developmental services. Grameen Koota has close to ... Full story
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