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Allahabad MFI Sonata Finance raises $6.35M from Creation Investments, others

Chicago-based Creation Investments made its first investment in India in 2010 by picking up stake in Eko India Financial Services. September, 13, 2012: SONATA Finance Pvt. Ltd., an Allahabad based NBFC Microfinance Institution, announced that it has closed its Series D equity raise of Rs.35 crore. The leading investor in this series was Creation Investments, …
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Microfinance’s Risky Lending Is a Safe Bet – HuffingtonPost

Posted: 09/14/2012 2:43 pm As I look at the microfinance industry globally, I’m encouraged by the trends and the progress we’ve achieved so far. Whether you search in Wikipedia, CGAP or MIX Market, whatever the source of the data and however qualified, microfinance does have an impact on the lives of some 100 million clients today. And when you take …
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A Nobel Prize Winner Under Siege – WSJ.com

The Bangladeshi government is moving to exert control over the celebrated Grameen Bank. By GEORGE SHULTZ AND MADELEINE ALBRIGHT With so many banks making headlines, it is easy to overlook news about Bangladesh’s Nobel Peace Prize-winning Grameen Bank. No, this bank does not need a bailout. Quite the contrary, it has been prospering as it continues to …
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Rwanda: Microfinance Sector Triumphs Over Poverty

BY GERTRUDE MAJYAMBERE, 28 AUGUST 2012 Government’s efforts to tackle poverty are bearing fruits courtesy of the fast growth of the microfinance sector. According to statistics, loans disbursed through the sector rose by 25 per cent in the first six months of 2012. By the end of June 2012, a total of 362 out of …
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A few dollars more – Microfinance in China

Global Times | 2012-8-28 20:25:03 By Xuyang Jingjing Share on twitterShare on facebookShare on sinaweiboShare on google_plusone More Sharing Services0  E-mail   Print Zhao Chengrong, an elderly farmer from Wufeng township, Hunan Province, is happy to get a preferential loan of 500 yuan to prepare for the coming spring ploughing on March 2, 2011. Photo: IC  For …