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Compartamos Banco Reports 3Q10 Results – 40% ROE, 2% NPL, and $39mm net income

October 21, 2010 MEXICO CITY–(BUSINESS WIRE)– Banco Compartamos, S.A. I.B.M. (“Compartamos” or “the Bank”) (BMV: COMPART), the leading Mexican microfinance bank today announced its non-audited financial results for the third quarter ended September 30, 2010. All figures were prepared in accordance with the requirements of the Comisión Nacional Bancaria y de Valores (CNBV) and are …
News

Using Capitalism to Help the Poor – NYT

Venture Capital October 6, 2010, 2:42 am Vinod Khosla, the billionaire venture capitalist and co-founder of Sun Microsystems, was already among the world’s richest men when he invested a few years ago in SKS Microfinance, a lender to poor women in India, Vikas Bajaj writes in The New York Times. But the roaring success of …
News

Microfinance becoming globally recognized, commercial viability improving

Oct 5, 2010 Microfinance becoming globally recognized, commercial viability improving, Microscope says Report by the Economist Intelligence Unit provides global ranking for business environment in microfinance Microfinance is rapidly shifting from a niche product to a globally recognized form of finance, with technology allowing the industry to lend and offer financial services to low-income populations …
Video

For-Profit v Not-For-Profit Microfinance

Below is the video of debate between Mohammed Yunus, founder of Grameen Bank and Vikram Akula, founder of SKS Microfinance at the Clinton Global Initiative conference which took place last Tuesday. At 14:32 in the video, Vikram Akula tells a story about how he concluded that SKS Microfinance needed to bring in big private equity …