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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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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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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 …
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Sequoia Capital bets on another microfinance player

Bangalore Feb 02, 2012 After backing SKS Microfinance, Sequoia Capital is now betting on another microfinance player, Bangalore-based urban poor-focused Ujjivan Financial Services, a member of the Grameen Network, Bangladesh. Sequoia Capital on Wednesday said it had participated in the fifth round of equity financing by Ujjivan, and was now the single-largest shareholder, with a …
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Road Map for the Microfinance Industry: Reaffirming Responsible and Client-Centered Microfinance

From the Microfinance CEO Working Group, January 2012 In less than 40 years, microfinance has spread around the world, today providing access to credit and other financial services to more than 205 million poor clients1, most of whom were previously ignored by mainstream financial institutions. From modest roots, microfinance has built a global network of …
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The Year of Controversial Giving – Philanthrocapitalism in 2012

What does 2012 have in store for giving, especially the impact-driven approach to it we call “philanthrocapitalism”? Having peered into our philanthrocrystal ball, we see giving becoming more dangerous, more controversial, and more political, among other things, as philanthrocapitalists find themselves at the centre of some of the year’s biggest news stories. Here are our …
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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. …
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dfe Partners and Creation Investments Establish CEE Microfinance Holdings, as a Regional Holding Company and Complete 3 Acquisitions

Combined Talent from Financial Services and Microfinance Join to Expand Microfinance Services Throughout Central and Eastern Europe DATELINE, September 23rd, 2010 – CEE Microfinance Holdings, N.V., a new, private equity backed, Dutch holding company owned by the Balkan Financial Sector Equity Fund, managed by the Swiss based dfe partners, and Creation Investments Social Ventures Fund …