Posts Tagged ‘MFIN’

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Exclusive: 54 microfinance-related suicides in AP, says SERP Report

Exclusive: 54 microfinance-related suicides in AP, says SERP Report
Microfinance Focus, Oct 28, 2010: Microfinance Focus has obtained a report prepared by the Gender Unit of SERP (Society for Elimination of Rural Poverty), listing the victims of microfinance institutions in Andhra Pradesh. Out of the 123 alleged cases of harassment that the report lists out, there are 54 death cases.  According to the list, some of largest microfinance institutions are alleged in most of ... Full story

NGO based microfinance institutions to form Association in AP

Microfinance Focus, Oct 28, 2010: More than 50 NGO based microfinance institutions in the Indian state of Andhra Pradesh will be meeting on October 31st with an agenda of creating an association of NGO-MFIs in the state, Microfinance Focus has learnt. The need to create such an association has emerged from the growing resentment amongst NGO-MFIs over being clubbed together with profiteering microfinance institutions who are ... Full story

MFIN demands independent judiciary enquiry for allegations against MFIs

Microfinance Focus, Oct 20, 2010: Responding to the allegations made against microfinance institutions in the media by government bodies like District Rural Development Authority (DRDA) and Society for Elimination of Rural Poverty (SERP), Mr. Alok Prasad, CEO of MFIN (Microfinance Institutions Network) said, “To make a correct determination of any matter, proper enquiry needs to be done but I strongly feel that people are arriving ... Full story

AP High Court adjourns hearing on microfinance ordinance till Friday

Microfinance Focus, Oct 20, 2010: The Andhra Pradesh High Court has today adjourned the hearing of the petition filed by MFIN (Microfinance Institutions Network) against the microfinance ordinance issued by AP government last week. The hearing is adjourned till Friday, 22nd of Oct. MFIN also conducted a board meeting today to discuss the current crisis, the issues around it and to look at ways forward. When ... Full story

Opinion: Microfinance Networks in India – Sleeping Giants or Late Latifs?

By Sasi Thumuluri, Microfinance Focus, Oct 20, 2010: Editor’s Note: Sasi Thumuluri is employed with Habitat for Humanity International as Global Business Strategy Manager, based in Washington DC. He is a microfinance professional with over a decade of experience in India and abroad. He follows the sector and keeps particular interest in India story. Below are edited excerpts about his opinion on microfinance networks in India: ... Full story

Microfinance News Synopsis: Banks should charge less than 10% while lending to microfinance institutions

Microfinance Focus, July 8, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Banks should charge less than 10% while lending to microfinance institutions: Vijay Mahajan, who in June took over as chairman of the Washington DC-based Consultative Group to Assist Poor (CGAP), wants banks in India to lend to microfinance institutions (MFIs) at sub-10% interest ... Full story
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Microfinance News Synopsis: Microfin cos want to be a UIDAI registrar

Microfinance Focus, July 7, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Microfin cos want to be a UIDAI registrar: Microfinance Institutions Network (MFIN), which is the umbrella organisation for some 39-odd NBFC-turned microfinance players, has made a pitch before the Unique Identification Authority of India (UIDAI) to become one of its registrars. Interestingly, MFIN ... Full story

“MFIN to make constructive efforts for Indian Microfinance”- Alok Prasad

“MFIN to make constructive efforts for Indian Microfinance”- Alok Prasad
Microfinance Focus, July 6, 2010: Established in the wake an unprecedented growth in the Indian microfinance space, MFIN (Microfinance Institutions Network) will make constructive efforts to deal with the issues of the sector, says it newly appointed Chief Executive Officer, Alok Prasad, in an exclusive interview with Microfinance Focus. With over 35 major industry players ... Full story

Microfinance News Synopsis: MFIN to appoint four regional ombudsmen

Microfinance Focus, July 5, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. MFIN to appoint four regional ombudsmen: The Microfinance Institutions Network (MFIN), which has 39 members, would appoint four regional ombudsmen within three months to oversee good governance in the sector, according to MFIN president and Basix chairman Vijay Mahajan. Speaking to the media ... Full story

Microfinance News Synopsis: MFIs as engine of inclusive growth

Microfinance Focus, June 29, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. MFIs as engine of inclusive growth: For those of us, who have been in microfinance since its origins about 20 years ago, we remember the days when no one paid much attention to us except other colleagues in the development sector. Much has ... Full story

Citi India’s Alok Prasad, the new Head of MFIN

Citi India’s Alok Prasad, the new Head of MFIN
Microfinance Focus, June 24, 2010: At the MCCM Conference today, Robert A. Annibale, Global Director Citi Microfinance announced that Mr. Alok Prasad, Country Manager-Microfinance, Citi India has been appointed as the new Head of MFIN (Microfinance Institutions Network). “Mr. Alok has served in the public sector for a long period of time and has really contributed ... Full story
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Exclusive Interview: “MFIN was necessary for Indian Microfinance: Vijay Mahajan”

By Vikash Kumar Microfinance Focus , April 2, 2010 : Mr. Vijay Mahajan , President , Microfinance Institutions Network (MFIN), a self-regulatory organization (SRO) of 35 Indian NBFC – Microfinance Institutions, share the activities and functions of MFIN , enforcement  process of code of conduct , vision and road map in an exclusive interview ... Full story

MFIN will not impact relevance of Sa-Dhan in Indian microfinance: Suresh Gurumani

Microfinance Focus, March 10, 2010: Microfinance Institutions Network (MFIN), the body of 31-member NBFC microfinance institutions in India, will not hit the relevance of Sa-Dhan in Indian microfinance sector,  clarified Suresh Gurumani, a board member of MFIN, in a recent interview with Microfinance Focus. He made it clear that the interests of NBFC-MFIs are different and MFIN would serve their purpose. "We are still members of ... Full story

Microfinance Institutions Network through Alpha invests Rs 2 Cr to set up credit bureau

Microfinance Focus, March 9, 2010: Microfinance Institutions Network (MFIN), a self-regulatory organization of 31 Indian NBFC - microfinance institutions, has invested in Alpha Micro Finance Consultants P Ltd (Alpha), which in turn will invest Rs. 2 Crore (INR 20 million) in setting up a credit bureau to improve credit risk management within the sector and ensure multiple borrowing and over indebtedness is checked. Working with CIBIL ... Full story
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