Posts Tagged ‘Ujjivan’

Microfinance Focus, Aug 28, 2010: Bangalore based microfinance institution, Ujjivan and its strategic partner Parinaam Foundation has today refunded Rs.1.11 lakhs to 128 urban poor women customers of Parinaam’s education loan in Bangalore under their Interest Refund Program. The Interest Refund Program was launched in Karnataka by the two organizations to refund the entire interest on ... Full story

Microfinance Focus, Aug 4, 2010: Bangalore based microfinance institution Ujjivan Financial Services Private Limited, has today raised Rs.45 Crores (USD 10m) by way of private placement of Non-Convertible Debentures (NCDs), Microfinance Focus has learnt. Standard Chartered Bank is the sole book runner and lead arranger of the issue. The NCD is listed with Bombay Stock Exchange. Speaking on the occasion, Mr. Samit Ghosh, Managing Director, Ujjivan said, ... Full story

Microfinance Focus, Aug 3, 2010: Indian microfinance institutions who have been nurturing the financially excluded sections of the nation for years against all odds are riding high on the success of the SKS microfinance IPO and are even more excited about the opportunities that the issue has laid open to them. Speaking to Microfinance Focus, Mr. Suresh K Krishna, the Managing Director of Grameen Financial Services ... Full story

Microfinance Focus, July 15, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. FMCGs, telcos find a Godsent ally in microfinanciers: About four months back, Hyderabad-based SKS Microfinance, India’s largest, started associating with companies looking to tap the purchasing power of rural women. That idea is turning out to be a veritable killer app: fast-moving consumer ... Full story

Microfinance Focus, May 24, 2010: Bangalore based microfinance institution, Ujjivan Financial Services, has recorded its first year of profitable operations with a post-tax profit of Rs.9.63 Crores in the financial year 2009-10,  Extending further benefits to its customers after the first year of profitable operations, the Ujjivan Board also reduced loan interest rates. The reduction in interest rates ranges from 2.9 – 1.9% p.a. effective ... Full story

Microfinance Focus, Nov. 09, 2009: Unitus, an international nonprofit organization has announced that Ujjivan , a Bangalore based NBFC-Microfinance institution has been selected as the first institution  to participate in the recently launched Social Performance Management Implementation Project (SPM IP). Social performance management (SPM) is an institutionalized process that involves setting clear social objectives such as improved quality of housing, healthcare, and monitoring and assessing progress ... Full story

Microfinance Focus, Sept. 19, 2009: Social business advisory firm Intellecap, in association with microfinance equity fund Aavishkaar Goodwell, will hold SRIJAN, a microfinance and financial inclusion event in Mumbai on Dec. 8, 2009. Full story

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