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Microfinance Growing in Attraction to Private-Equity – WSJ.com

Microfinance Growing in Attraction to Private-Equity By Isabella Steger, November 18, 2012, 9:38 PM Bloomberg News A Hindusthan Microfinance Pvt. Ltd. employee checks loan application forms at the company’s office in Mumbai, India, on Saturday, June 12, 2010. Amid all the negative news surrounding the private-equity industry, one sector that caters to the poor is drawing …

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, …