Posts Tagged ‘Interest Rates’

Microfinance Focus, Oct 28, 2010: SKS Microfinance Ltd has informed BSE that the Company has decided to reduce its annualized rate of interest from existing 26.69% to 24.55%, with immediate effect in the state of Andhra Pradesh. The company is reported to have issued full-page advertisements in vernacular dailies of Andhra Pradesh on Wednesday, announcing the reduction in its interest rates. The interest rates charged by ... Full story

Microfinance Focus, Aug 30, 2010: Ujjivan Financial Services, a Bangalore-based Microfinance Institution working in primarily urban and semi-urban areas of the country, has expanded in the North Eastern Corridor by opening 6 branches in Guwahati and 2 in Shillong. With this expansion, Ujjivan’s Eastern Region now has 115 Branches in the states of West Bengal, Jharkhand, Orissa, ... Full story

Microfinance Focus, June 17, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Aditya Birla Finance marks entry into Microfinance: Aditya Birla Finance (ABF), a subsidiary of Aditya Birla Nuvo Ltd. and the NBFC arm of the Aditya Birla Financial Services Group, announced its entry into the Microfinance business. To begin with, the company has just ... Full story

Microfinance Focus, June 16, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Doorstep and payday loan lenders escape interest rate cap: The Office of Fair Trading (OFT) has concluded there is no need to cap the interest rates and other charges levied by high-cost credit providers such as doorstep and payday loan lenders. At the ... Full story

Microfinance Focus, May 29, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Barclays launches microfinance partnership with Plan and Care in Ghana: Barclays and International development organisations, Plan and CARE International on Friday launched 'Banking on Change', a microfinance initiative, for about 63,000 people in Ghana. The 10 million-pound programme to be run for the ... Full story