Posts Tagged ‘Basix’

WMFG organizing debate on Corporate Governance in Microfinance

Microfinance Focus, Oct 6, 2010: The World Microfinance Forum Geneva (WMFG) is bringing together leading microfinance practitioners and investors to discuss the topic of governance in microfinance, and to highlight the urgency with which this issue needs to be addressed for ensuring continued success of the industry. The audience will consist of over 100 representatives from various institutions interested in microfinance. The debate participants include microfinance ... Full story

EDA Rural Systems gets $0.1m grant from MSD Foundation

Microfinance Focus, October 2, 2010: Michael & Susan Dell Foundation has recently given a $ 117, 618 grant to EDA Rural Systems for promoting Social Performance reporting and management among Indian microfinance institutions. EDA Rural Systems Pvt. Ltd. is one of the leading development sector consultancy, research and capacity building organisations. Microfinance and Micro-enterprise are EDA’s focus areas. Indian Grameen Services, a BASIX group of company ... Full story

Nominations invited for Microfinance India Awards 2010

Microfinance Focus, Sep 6, 2010: In an initiative to recognise institutions and individuals who have made significant contribution towards up scaling microfinance sector in India, the ACCESS Development Services and The Hongkong And Shanghai Banking Corporation Limited will be presenting Microfinance India Awards 2010 on the inaugural day of the Microfinance India Summit on November 15, 2010. Nominations are now solicited for various categories of the ... Full story

Microfinance News Synopsis: India’s first IPO by microfinance firm to open on July 28

Microfinance Focus, July 14, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. India's first IPO by microfinance firm to open on July 28:  SKS Microfinance's public offer, through which it expects to mop up as much as Rs 1,300 crore, will hit the capital market on July 28. The initial public offering, the first such ... Full story

Microfinance News Synopsis: Basix promoters to buy back 7% stake in microfinance arm

Microfinance Focus, July 10, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Basix promoters to buy back 7% stake in microfinance arm: The promoters of Bharatiya Samruddhi Finance Ltd (BSFL), the microfinance arm of Basix Group, will be buying back about 7 per cent stake (worth over Rs 84 crore) from other stakeholders. “We are ... Full story

ILO selects ESAF, BASIX for study on Decent Work Deficit program

By Nagesh Narayana Microfinance Focus, Jan. 22, 2010: Tricur-based ESAF Microfinance and Hyderabad-based BASIX have been selected by the International Labour Organization for conducting an Action Research Program on Decent Work Deficit in India, to be known as “Shram Jyothi” program. At a Press Conference organized in Trichur, ESAF Managing Director K. Paul Thomas said, “In developing countries like India this study holds significance as Decent work ... Full story

FICCI’s conference to focus on HR issues to scale up MFIs

Microfinance Focus, Jan. 13, 2010: Federation of Indian Chambers of Commerce and Industry (FICCI) is organizing a Conference on "Scaling the MFI Activity by Strengthening Human Resource" on Jan. 21-22, 2010, in New Delhi to address the human resources (HR) challenges faced by rapidly growing Microfinance Sector. "The need to develop sound and viable human resource management to deal with microfinance growth is an on-going process. ... Full story

Basix settles Rs.5M worth flood insurance claims

Microfinance Focus, Dec. 24, 2009: Hyderabad-based Bhartiya Samruddhi Finance Ltd, a microfinance institution, a flagship company of the BASIX Group, along with Royal Sundaram Insurance company, has settled insurance claims of over Rs. 51 lakh of its customers who were victims of the recent floods in Kurnool district of Andhra Pradesh and Bellary and Raichur districts of Karnataka state, said a press release. On Oct. 2, ... Full story

Vijay Mahajan unveils wish list for Microfinance’s future

Vijay Mahajan unveils wish list for Microfinance's future
By Ayesha Dsouza Microfinance Focus, Dec. 12, 2009: BASIX founder and Indian microfinance icon Mr Vijay Mahajan sees microfinance sector come out of its traditional role and venture out with many new products and expanding financial services to both women and men.... Full story

Lok Capital picks up 24% stake in Asirvad Microfinance

Microfinance Focus, Sept. 10, 2009: Venture fund manager Lok Capital announced on Thursday that it has invested $1.5 million to pick up a 24% stake in the Chennai-based Asirvad Microfinance. Founded in 2007,  Asirvad has 75,000 borrowers in Tamil Nadu and a portfolio outstanding of over $4.6 million. It has 21 branches in 7 districts and employs 150 persons. Full story
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