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New Research by CGAP, KfW, MIX Shows that Microcredit Interest Rates Dropped 2.7% from 2004-2011

By CGAP Published: Tuesday, Jul. 16, 2013 – 8:12 am WASHINGTON, July 16, 2013 — /PRNewswire-USNewswire/ — Microcredit interest rates,measured by the global median interest yield of microfinance institutions (MFIs), averaged 27 percent in 2011, says new research from CGAP, MIX and KfW. Global microcredit interest ratesdeclined substantially between 2004 and 2007 and then leveled off. The joint paper, Microcredit Interest …

ICRA Upgrades Ratings of 3 Microfinance Institutions Including Grameen Koota

MUMBAI, JULY 1: The ratings of three microfinance institutions — Grameen Financial Services Pvt Ltd, Ujjivan Financial Services Pvt Ltd and Utkarsh Microfinance Private Ltd — have been upgraded by ICRA. The ratings on the long-term bank loans (amounting to Rs 403.27 crore) and non-convertible debentures (amounting to Rs 178 crore) of Grameen Financial Services …

Mentored Microfinance Yields Higher Impact, Says Mentors International CEO

Mentors International CEO Mark Petersen says that his mentored microfinance program yields higher impact than programs that merely finance poor entrepreneurs in developing countries.