Posts Tagged ‘IFMR Capital’

Microfinance Focus, Oct 5, 2010: Chennai based IFMR Capital has recently structured, arranged and co-invested in a Rs. 1,063.8 million (USD 24 million) securitisation, backed by 105, 422 micro credit loans originated by Chennai based microfinance institution, Equitas Micro Finance India Private Limited. Gamma Pioneer IFMR Capital 2010, the Special Purpose Vehicle created for the transaction, has issued three tranches of securities rated by Crisil, India’s ... Full story

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 Focus, Aug 21, 2010: Bangalore based Janalakshmi Financial Services has recently completed a securitization transaction worth INR 250 million with IFMR Capital. Closed on August 18th, IFMR Capital’s latest transaction Delta Pioneer IFMR Capital 2010, is backed by 35,560 microloans originated by Janalakshmi, a microfinance NBFC (Non-Banking Financial Company).   This takes the total funding facilitated by IFMR Capital for this sector to more than ... Full story

By Vineet Sukumar, IFMR Capital, Microfinance Focus , July 14, 2010 : In a recent post in Microfinance Focus, Daniel Rozas and Vinod Kothari have argued that microfinance securitisation does not, in reality, separate ‘pool risk’ from ‘originator risk’ and hence should not be rated very differently from the originator of the portfolio. Some of the arguments are well reasoned out such as the lack ... Full story

Microfinance Focus, June 29, 2010: Bangalore based Non-Banking Financial Company, Grameen Financial Services (Grameen Koota) has completed Rs 31.15 crore Securitization with IFMR, a Chennai based inclusive-finance company. The securitisation transaction involved over 27,000 microloan contracts of Grameen Koota being pooled and issued as debt securities by Alpha Pioneer IFMR Capital 2010, the special purpose vehicle or SPV created for this purpose. The securities were ... Full story

Microfinance Focus, Jan. 18, 2010: IFMR Capital has concluded a multi-originator securitisation of micro-loans originated by four indian microfinance institutions -- Asirvad Microfinance Pvt Ltd, Sahayata Microfinance Pvt Ltd, Satin Creditcare Network Ltd, and Sonata Finance Pvt Ltd. The transaction worth Rs. 308 million (US$6.5 million) is backed by around 42,000 micro-loans originated by the four MFIs roped in for the purpose. IFMR Capital has arranged ... Full story

By Asma Azmi, Assistant Editor -Microfinance Focus Microfinance Focus, Dec. 30, 2009: The year 2009 may go down as the watershed year for the Indian microfinance industry. Marked by strong growth and pioneering deals the industry is riding high, growing at a rapid pace of 100%-200% year-on-year. Attracting attention from mainstream investors, the sector accounted ... Full story

Microfinance Focus, November 21, 2009: A recent micro-loan securitization, completed by IFMR Capital and Equitas Micro Finance, has enabled the first ever mutual fund investment into the Indian microfinance sector. The Rs. 480 million ($10.4 million) transaction is backed by over 55,000 micro-loans originated by Equitas Micro Finance, a Chennai-based microfinance institution with approximately 700,000 low-income clients. The transaction was structured by IFMR Capital, which ... Full story