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Muthoot Microfin to raise Rs 1,000 crore ($150 million USD) via IPO – Economic Times

By Saloni Shukla, Saikat Das Economic Times India MUMBAI: Muthoot Microfin Ltd (MML), a part of the Muthoot Pappachan Group, plans to raise Rs 1,000 crore in an initial public offering that would value the firm anywhere between Rs 4,000 and Rs 5,000 crore. The company has appointed Motilal Oswal, Edelweiss and Credit Suisse as its …
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Fusion Microfinance lowers rate with greater efficiency, lower cost of funds – EconomicTimes

By Atmadip Ray, ET Bureau Jun 22, 2018, 10.35 PM IST KOLKATA: Despite hardening of general interest rates, there’s some relief for a certain segment of micro loan borrowers by way of lower borrowing costs. A handful of microfinance institutions (MFIs) are reducing lending rates backed by improved efficiency and lower cost of funds. Fusion …
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Impact Investors Hold US$228 Billion in Assets – Barron’s

By Abby Schultz Updated June 6, 2018 10:14 a.m. ET The relatively young market for impact investments—those that seek to have a positive effect on the environment and society—is continuing to expand at a steady pace as more players enter the market, the Global Impact Investing Network reported in its latest snapshot of the market …
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Royal Visit of Her Majesty, The Queen of the Belgians to Fusion Microfinance, India

November 9, 2017 New Delhi: It was an honour for Fusion Microfinance to host the historic visit of Her Majesty, The Queen of the Belgians at their Head Office in New Delhi, India. During her visit, The Queen Mathilde of Belgium showed a keen interest in understanding the work done by Fusion Microfinance and its …
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Protected: Annual Meeting 2017

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Impact Investing in India – McKinsey

Key takeaways: The global market for impact investments is projected to grow to $300 billion or more by 2020 Mainstream investors have entered the arena and are bringing scale to what was earlier considered a niche Between 2010 and 2016, India attracted over 50 active impact investors, who poured in more than $5.2 billion. About …
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Capital Float raises $45 million in series C led by Ribbit Capital, Creation

Capital Float will use the funds to expand its lending efforts, increase geographical footprint and invest in products and technology A file photo of Capital Float founders Sashank Rishyasringa (left) and Gaurav Hinduja. Photo: Hemant Mishra/Mint Digital lending firm Capital Float on Monday said it has raised $45 million (Rs293 crore) in a series C …
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Yes, microlending reduces extreme poverty

June 26, 2017 by Quanda Zhang, The Conversation A small boost in microlending to the developing world could lift more than 10.5 million people out of extreme poverty. That’s one conclusion of my study, published last month in The B.E. Journal of Macroeconomics, which found that microfinance not only reduces how many households live in poverty but also …
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Limited access to finance impedes MSME growth and limit their contribution to the global economy – MicroSave

Empirical studies have shown that MSMEs contribute over 55% of GDP and over 65% of total employment in high-income countries. MSMEs and informal enterprises account for over 60% of GDP and over 70% of total employment in low-income countries, while they contribute about 70% of GDP and 95% of total employment in middle-income countries. Photo …
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Snapshots of Myanmar’s flourishing microfinance market

August 6, 2017 12:31 pm JST Low-income female entrepreneurs are using small loans to build a better future YUICHI NITTA, Nikkei staff writer An employee counts a roughly 60 million kyat pile of bank notes at a branch of Socio Lite Foundation, a microfinance institution, on the outskirts of Yangon. About half of the money …