Posts Tagged ‘MFIs’

Microfinance News Synopsis: SKS Microfinance to double headcount to 42K

Microfinance Focus, July 23, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS Microfinance to double headcount to 42K; IPO opens Jul 28: The country's largest microfinance company SKS Microfinance, which hopes to raise around Rs 1,300 crore through its forthcoming IPO, plans to double its headcount to 42,000 by the end of the current ... Full story
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Microfinance News Synopsis: SKS MF gets Sebi nod for IPO; issue likely by end-July

Microfinance Focus, July 12, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS MF gets Sebi nod for IPO; issue likely by end-July: India's largest microfinance firm, SKS Microfinance is likely to hit the market with its proposed initial sharesale by the end of this month after market-regulator Securities and Exchange Board of India okayed ... Full story
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The Importance of distinguishing between Savings and Deposits in microfinance

The Importance of distinguishing between Savings and Deposits in microfinance
By Peter van Dijk, Microfinance Focus , May 05, 2010 : As with many financial terms “Savings” and “Deposits” are often mixed and inappropriately used by all kinds of Microfinance practitioners; public authorities, donors, aid agencies, experts, MFI managers and even by financial authorities. In this article I want to explain why a correct ... Full story

Grassroots Capital’s Global Microfinance Equity Fund receives US$ 30 million from ABP

Microfinance Focus, April 06, 2010:   ABP, a Netherlands based Pension Fund has recently announced that it has committed US$ 30 million to Grassroots Capital’s Global Microfinance Equity Fund (GMEF). The fund closes at US$117. 5 million.With the investment in Grassroots Capital, ABP’s microfinance program to invest in both microfinance debt and private equity amounts to US$ 215 million. ABP started investing in microfinance in 2005. It ... Full story

Dexia Fund posts positive result in Jan 2010: BlueOrchard

By Matthew Fuchs Microfinance Focus, Feb 19, 2010: The Dexia Micro-Credit Fund (DMCF), managed by BlueOrchard, has begun the year with a positive result, posting a return of 0.12% in January. According to the fund's monthly report, it made four new investments in South, East and Central Asia totaling $7.4 million. There continued to be a "strong divergence in the performance of MFIs on a regional basis" ... Full story

South American countries were better prepared for crisis: Rita de Boer, Triodos microfinance funds

South American countries were better prepared for crisis: Rita de Boer, Triodos microfinance funds
By Matthew Fuchs Jan. 14, 2010: With its mature and dynamic microfinance sector, Latin America is one of the world’s largest microfinance investment markets. As a result, the region’s response to the financial crisis has profound implications for microfinance investment globally. To gauge the current state of the investment climate in Latin America, Microfinance Focus has ... Full story

Unitus announces 2nd ‘Microfinance Compensation & Benefits Survey’ for Indian MFIs

Microfinance Focus, Jan. 7, 2010: Microfinance funding and consultancy firm Unitus has announced the second annual Unitus-Hewitt Microfinance Compensation and Benefits Survey. Open to microfinance institutions throughout India, the survey is a successor to the 2009 Benchmarking study that provided participants with valuable insights into their operations and was identified as a key industry HR initiative in “Microfinance India: State of the Sector Report ... Full story

OPIC Board Approves $125 MN Microfinance Fund for Latin America

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story

MFIs should focus on quality microfinance: MicroSave director

MFIs should focus on quality microfinance: MicroSave director
Microfinance Focus, Nov. 12, 2009: Microfinance institutions should continue to focus on providing quality microfinance services rather than attempting to offer livelihoods services, said Graham A.N. Wright, Programme Director of MicroSave India, in an exclusive interview with Microfinance Focus. He pointed out that majority of institutions are focusing only on microfinance ... Full story

Naina Lal Kidwai: Creditworthiness of MFIs tops our criteria

Naina Lal Kidwai:  Creditworthiness of MFIs tops our criteria
By Naagesh Naaraayana Microfinance Focus, Nov. 3, 2009: Naina Lal Kidwai, CEO of HSBC India, has more praise for the creditworthiness of microfinance institutions when she talks about lending to the sector. The Chief Executive Officer of The Hongkong and Shanghai Banking Corporation, (HSBC) India, who is also the first Indian woman ... Full story

India-centric microfinance equity fund to get $60m from PGGM

MicrofinanceFocus, July 17, 2009: Dutch pension fund PGGM will invest 43 million euros ($60m) over the next two years in a global microfinance equity fund run by Grassroots Capital, mainly meant for Indian microfinance sector, says a report by London-based Responsible-investor. PGGM has made one of the world’s largest institutional commitments to microfinance in developing countries, with 200 million euros over the next two to three years. This is second allocation of the fund by PGGM. In March 2008, it had allocated 27 million euros to the Dexia Microcredit Fund operated by Swiss fund manager BlueOrchard Finance. With this, the fund will have 130 million euros meant for the microfinance sector. Full story
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