Posts Tagged ‘microfinance institutions’

Fundraising via NCD route grips Indian microfinance sector

Fundraising via NCD route grips Indian microfinance sector
By Naagesh Naaraayana Microfinance Focus, Jan. 4, 2010: With more than Rs. 1,000 crore capital inflow into the microfinance sector in 2009, new avenues to raise funds have come under scrutiny of microfinance institutions to meet the demand for rapid expansion that the sector is witnessing in the last two years despite the global financial ... Full story

E. European and Latin American microfinance could be hit by slowdown: Fitch

Microfinance Focus, Nov 21, 2009: Microfinance Institutions operating in Eastern Europe and Latin America could be hit by the economic slowdown in 2009-2010, said a special report "Microfinance through the crisis" released by Fitch Ratings. The timing and speed of MFIs' recovery from the global economic downturn will vary depending on their operating and regulatory environment, but also institution-specific factors, said the report. "Fitch-rated MFIs have ... Full story

$15m anti-poverty initiative launched in Sierra Leone, Liberia

MicrofinanceFocus, July 23, 2009: BRAC, a non-profit organisation, is leading a $15 million initiative to rebuild war-torn communities in Sierra Leone and Liberiaon on a long-term sustainable strategy, including microfinance, with support from the Soros Economic Development Fund, Open Society Initiative for West Africa, Omidyar Network and Humanity United, said a statement on Wednesday. The two-year pilot program is being funded through a combination of grants and equity. BRAC is also negotiating to raise additional debt capital to finance the loan portfolio. Full story
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