Micro Finance

Hela May 15, 2019

Consumer protection in microfinance is not just about fair treatment and safeguarding of clients’ individual rights, but also about proper governance of microfinance institutions. Microfinance was once applauded as the world’s most powerful tool for eliminating poverty. But it is now on a slippery slope, moving from good to bad. Microfinance is facing trouble because […]

Hela May 8, 2019

Have you ever marveled at the superheroes you see in movies? If you are a fan of DC Comics or Marvel Studio, then you know what I am talking about, but that’s just a movie. What if I told you that you could be a part of the world-changing revolution in the micro-financing world? Talk […]

Hela April 30, 2019

Kolkata: Capital requirement for microfinance firms may shrink in the next few years, with many of them adopting new business models requiring less capital. Several smaller microfinance institutions or MFIs have started working as business correspondents – partly or fully, wherein these entities originate loans on behalf of their partner banks, to conserve capital. Raising capital has been the key challenge […]

Hela April 26, 2019

MUMBAI: The risk of over-leveraging in the microfinance sector has increased owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the credit bureau data, said credit rating agency Icra on Tuesday. Icra said in a statement that an analysis of the portfolio of micro finance institutions (MFIs) reveals that […]

Hela April 13, 2019

BENGALURU | MUMBAI: Flipkart co-founder Sachin Bansal is betting big on the domestic financial services sector as he looks to acquire a majority stake in a Bengaluru-based microfinance firm, two people familiar with the matter said. A successful transaction could also result in Bansal taking the top job at the firm, marking his return to an executive position, the sources said. […]

Hela April 1, 2019

In the last decade or so, there have been umpteen discussions in India about double digit GDP growth and the country joining the league of economic superpowers. However, the persistent question for socio-economic thinkers remains- is the growth benefitting everyone in the society? Our economy is growing but are we progressing as a society? As […]

Hela February 22, 2019

NEW DELHI: Total gross loan portfolio of the microfinance industry stands at Rs 65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth of 37 per cent, according to a report by Sa-Dhan. The report is based on data provided by 124 microfinance institutions. Combined microcredit portfolio of all lenders […]

Hela February 15, 2019

The 10th Microfinance Conference of the University of Cape Coast (UCC) opened yesterday with a call on financial and educational institutions to educate the public on financial literacy to prevent them from falling prey to Ponzi schemes and making huge financial losses. The Central Regional Minister, Mr Kwamena Duncan, who made the call, stressed the […]