Posts Tagged ‘SIDBI’

If scope, microfinance interest rates should be brought down: SIDBI`s Executive Director

If scope, microfinance interest rates should be brought down: SIDBI`s Executive Director
Microfinance Focus, Aug 18, 2010: Small Industries Development Bank of India (SIDBI) is the apex lending body for microfinance institutions in India. Through its Foundation for Micro Credit (SFMC), SIDBI channelizes funds to the sector and provides a wide range of financial and non-financial services such as loan funds, grant support, equity and institution building support to the retailing microfinance institutions. ... Full story

World Bank gives $200m loan for ‘Scaling up Indian Microfinance’ Project

Microfinance Focus, June 3, 2010: World Bank’s IBRD (International Bank for Reconstruction and Development) will be giving a $200 million loan to SIDBI (Small Industries Development Bank of India) for ‘Scaling up Sustainable and Responsible Microfinance Project’ in India. With a maturity period of 25 years, the project is designed to support operations and growth in MFIs, enhance their financial strength, and enable them to ... Full story

ADB and Japan grant $3 million to boost Microfinance Enabled Services

Microfinance Focus, May 26, 2010: The Asian Development Bank (ADB) and Japan’s Fund for Poverty Reduction are providing funds to help build up the skills and capacity of low-income women micro-entrepreneurs in India.  A grant of $3 million from the Government of Japan administered by ADB will be used to help women entrepreneurs in the states of Madhya Pradesh, Maharashtra, Orissa, Rajasthan and Uttar Pradesh, ... Full story
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ADB’s $50mn Loan to SIDBI seeks to fill the gap of Microfinance and Bank Finance

Microfinance Focus, Feb 26, 2010: The ADB Board of Directors today approved a sovereign loan of $50 million and a partial credit guarantee of up to $250 million through an innovative financing program to help India develop and expand its micro, small, and medium enterprises. The $50 million loan will go to the to the state-owned Small Industries Development Bank of India (SIDBI) to fund ... Full story

NBFC-Microfinance Bandhan raises US$ 10.7mn of equity capital from SIDBI

Microfinance Focus, Dec. 23, 2009: Bandhan Financial Services Private Limited (Bandhan), a Kolkata based Microfinance NBFC, today announced equity funding of US$ 10.7mn approx (Rs 50 Crore ) from SIDBI.  Unitus Capital was the sole financial advisor for this transaction. The newly infused equity will provide Bandhan with the impetus needed to consolidate operations in the states in which it is present and to expand to ... Full story

KfW provides EUR86.7M to SIDBI for Indian microfinance sector

Microfinance Focus, Dec. 22, 2009: The Small Industries Development Bank of India (SIDBI) and the German Development Bank (KfW), have signed agreements last week for financial assistance totalling 86.7 million euros for India’s microfinance sector, essentially to bridge the gap between demand and supply of financial services for the poor in India. The SIDBI Microfinance Programme, which consists of a credit line of 85 million euros ... Full story

SIDBI provides Rs.1 billion to Equitas Microfinance

Microfinance Focus, Oct. 15, 2009: Chennai-based microfinance institution Equitas Micro Finance India Pvt. Ltd, has lined up debt to the tune of Rs 100 crore (Rs.1 billion) from Small Industries Development Bank of India (SIDBI). This is in addition to the earlier sanctioned limit of Rs. 47 crore (Rs.470 million), making a cumulative exposure of Rs 147 crore from SIDBI, which has also increased its ... Full story

Bandhan raises $51 million from SIDBI

Microfinance Focus, Sept. 15, 2009: Kolkata-based Bandhan microfinance has raised a Rs 250-crore ($51 million) credit from the Small Industries Development Bank of India (SIDBI) Full story
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