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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, …

Microfinance as a Tool to Alleviate Poverty – Forbes

Amy Neumann, Dell For millions of people without access to traditional banking, the internet is a lot more than a place to share the latest family photos. It’s an opportunity to tell their stories and gain access to small loans that can change their lives. Just 10 percent of the global population has access to traditional …