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Equitas files papers for IPO: Several PE, VC investors to exit – VC Circle

THURSDAY, OCTOBER 22, 2015 It is the fifth largest microfinance firm in the country Chennai-based microfinance firm Equitas Holdings Ltd has filed its draft herring prospectus with the capital markets regulator Securities and Exchange Board of India for its initial public offering (IPO). The proposed issue would make Equitas the second microfinance institution (MFI) to go …
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Grameen Koota Reaches Milestone with 1 Million Microfinance Customers

Monday, July 27, 2015 3:00PM IST (9:30AM GMT) Bangalore, Karnataka, India Bangalore-based NBFC –MFI, Grameen Koota Financial Services Pvt Ltd (Grameen Koota) has reached a new milestone of 1 million microfinance customers, in a testimony to its strong client-centric approach aimed at providing holistic financial and social services. Grameen Koota, with 3,000 employees working in …
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Janalakshmi to lead investor rush into Indian microfinance sector

After Janalakshmi’s record-breaking deal, Indian MFI sector likely to raise Rs 2,000 crore ($335 million USD) in 2014 Janalakshmi Financial Services, a non-banking financial company (NBFC) focused on the urban under-served, is expected to lead the rush of private equity (PE) funds into India’s microfinance sector, signalling a strong recovery. According to sources, global PE major …
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Commercial Credit and Finance PLC receives Rs. 1.68 billion from Creation Investments: the Largest International PE Investment into a Sri Lankan LFC

Leading frontier markets private equity investor, Creation Investments Capital Management LLC (“Creation”), through its wholly owned subsidiary, Creation Investments Sri Lanka LLC (“Creation Sri Lanka”), has agreed to invest Rs. 1.68 billion (US$12.4 million equivalent) into one of Sri Lanka’s leading finance companies, Commercial Credit and Finance PLC (“CCF”). The transaction will involve the issuance …
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Creation Investments to invest Rs. 1.68 b in Commercial Credit for 25% stake – Financial Times

Commercial Credit and Finance (COCR) yesterday announced that the Board of Directors has approved the investment of Rs. 1.68 billion in the company by way of a private placement of shares at Rs. 21 per ordinary voting share. US Delaware incorporated Creation Investments Sri Lanka LLC will be the company to which shares are to …
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Making a profit from making a difference – FT.com

August 5, 2012 5:40 am Making a profit from making a difference By Sophia Grene ©GettySustainable logging carried out in Cameroon in the Congo Basin natural woodland: preserving forests is just one project impact investing can help To many, investment is purely about generating a return on their money, but a growing band of wealthy …
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Using Small Loans to Generate Big Profits – Microlending Drives One of Africa’s Most Ambitious Banks – WSJ.com

By SOLOMON MOORE NAIROBI, Kenya—At a recent group-lending meeting in the Kawangware slum, about 10 miles from downtown, Jackson Munyovi sought $350 to build a new shanty for his wife and two children.   Nichole Sobecki for The Wall Street JournalJackson Munyovi borrowed $350 to build a new shanty for his two children and wife. The …
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Morgan Stanley Smith Barney Announces Launch of Investing with Impact Platform

Investing with Impact Platform offers an investment approach targeting risk-adjusted financial returns as well as positive environmental and social impact Submitted by:Morgan Stanley Categories:Socially Responsible Investing,Finance Posted:Apr 26, 2012 – 01:30 PM EST NEW YORK, Apr. 26 /CSRwire/ – Morgan Stanley Smith Barney today announced the launch of a new investment platform designed to help …
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What the world can learn from the Indian microfinance crisis?

By Sanjay Sinha, Microfinance Focus, January 3, 2011: The “great Indian microfinance crisis” has shaken the world of microfinance.  An industry that grew at 90% on an annual basis from 2002-03 to 2009-10 was reduced to just 7% growth in 2010-11 with its portfolio over the period October 2010 (when the crisis started) to September 2011 …
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Creation Investment Social Ventures Fund I Announces a Final Fund Closing of $32 million in Committed Capital

FOR IMMEDIATE RELEASE Creation Investment Social Ventures Fund I Announces a Final Fund Closing of $32 million in Committed Capital CHICAGO, IL – January 14, 2010 – Creation Investments Social Ventures Fund I, a global Microfinance private equity fund, completed its final closing on December 15, 2010 with total committed capital of $31.8 million USD. …