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Indian Microfinance industry lending jumps 61%

N. ANAND The microfinance industry has recorded a 61 per cent jump in its loan portfolio in the second quarter ended September 30, 2014, by lending Rs.12,500 crore against Rs.7,500 crore in the corresponding period last year. The industry is represented by 48 non-banking financial companies-microfinance institutions (NBFC-MFIs), which are members of the Microfinance Institutions …
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World Bank Reports That Microcredit Works After All

The World Bank has released a report that examines microfinance in Bangladesh over the longest period yet studied. The results were quite positive: The results of the basic model unequivocally show that group-based credit programs have significant positive effects in raising household welfare including per capita consumption, household non-land assets and net worth. Microfinance increases …
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Creation Investments Social Ventures Fund II, LP Announces An Oversubscribed Final Fund Closing of $75 Million

FOR IMMEDIATE RELEASE CHICAGO, IL – June 14, 2013 – Creation Investments Social Ventures Fund II, a global private equity fund focused on financial services and microfinance, completed its final closing on May 31, 2013 with total committed capital of $75 million USD.  The Fund was oversubscribed on its target of $60 million USD less …
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Investing In Inclusion: How To Deliver Financial Services To The World’s Poor – Forbes

Editor’s Note: Michael Schlein brings more than 25 years of experience in international banking, management, and public service to his role as president and chief executive officer of Accion. Previously he served in senior executive roles at Citibank and the US Securities and Exchange Commission. Modern financial markets exclude billions of the world’s poor. That’s a …
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Impact Investing Helps Advisors Stay Ahead Of The Curve – FA

MARCH 20, 2013 • TIM FREUNDLICH Financial advisors take note: your impact investing offerings will soon define whether you are ahead of the curve or whether you will be trying to catch up in years to come. JP Morgan’s recent Perspectives on Progress report, released in partnership with the Global Impact Investing Network (GIIN), found that …
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Grameen Koota raises $10 million USD (or 532 million INR) in its 3rd round of equity funding lead by Creation Investments

Grameen Koota raises $10 million USD (or 532 million INR) in its 3rd round of equity funding lead by Creation Investments February 27, 2013 – Bangalore, India: Grameen Financial Services Pvt Ltd (GFSPL), popularly know as Grameen Koota today announced its third round of equity funding of $10 million USD (or 532 million INR) lead …
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Council of Microfinance Equity Funds Issues New Guidelines for Corporate Governance

Publication Updated and Expanded to Discuss Social-Performance Management, Risk and Crisis Management, Responsible Exits, Aligning Incentives and More BOSTON, Aug. 14, 2012 /PRNewswire via COMTEX/ — The Council of Microfinance Equity Funds (CMEF), a membership organization of leading microfinance equity investors, today announced the release of a new, enhanced version of its corporate governance manual, …
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Eko Mobile-Enabled Savings via the Business Correspondent Model in India

Posted: July 16th, 2012 By Grameen Foundation This is a guest post written by Debbie Dean (Project Director, Microsavings Initiative) and Camilla Nestor (Vice President, Financial Services) from Grameen Foundation.   When we launched our microsavings initiative – a three-year project funded by the Bill & Melinda Gates Foundation that aims to reach 1.45 million new savers …
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Notre Dame, MIT Economists Demonstrate Wage Impacts of Large Microfinance Program

JULY 20, 2012 BY GBE FACTS LEAVE A COMMENT Fonkoze Credit Center – Participants in Chemen Lavi Miyó, a program offered by Fonkoze (a microfinance organization). The participants meet twice a week in Mirebalais, Haiti, to learn basic life skills. Photographer: Laura Elizabeth Poh A major argument in favor of microfinance is that the poor who live in areas …
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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 …