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Creation Strives for Good Returns—and a Better World – MiddleMarketGrowth.org

Creation Strives for Good Returns—and a Better World DEBORAH L. COHEN | JANUARY 14TH, 2015 Small things do add up. Or so it seems for Patrick Fisher and his growing team at Chicago-based Creation Investments Capital Management. The private equity firm aims to marry healthy investor returns with a social impact mission to provide microloans to the …
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The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia

Article Citation Attanasio, Orazio, Britta Augsburg, Ralph De Haas, Emla Fitzsimons, and Heike Harmgart. 2015. “The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia.” American Economic Journal: Applied Economics, 7(1): 90-122. Abstract We present evidence from a randomized field experiment in rural Mongolia to assess the poverty impacts of a joint-liability microcredit program targeted …
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India – One of the Great Economies and Best Place for Doing Business – KPMG

As part of the KPMG High Growth Markets (HGM) practice thought leadership series, KPMG in India and The Confederation of Indian Industry (CII) are pleased to announce a joint report, entitled “Vibrant India: Best Place for Doing Business – An Action Plan”. KPMG and CII jointly undertook this report to bring into focus high-priority policy interventions that …
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MICROCAPITAL BRIEF: CDC, Creation Investments, DEG, International Finance Corporation (IFC), FMO Acquire 40% Equity stakes in India’s Equitas for $51.4m

TUESDAY, DECEMBER 16, 2014 The Commonwealth Development Corporation (CDC), which is owned by the UK government; Creation Investments Capital Management (Creation Investments), a US-based alternative investment management company; Deutsche Investitions-und Entwicklungsgesellschaft GmbH (DEG), a German development finance institution offering long-term project and company financing; the International Finance Corporation (IFC), the private-investment arm of the World …
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Microfinance firm Janalakshmi raises funding from TPG and existing investors

BY  BHAWNA GUPTA It represents arguably the single biggest private funding round for an Indian MFI. Janalakshmi Financial Services Pvt Ltd, a microfinance institution based in Bangalore, has raised an undisclosed amount led by global private equity major TPG Asia SF Pte Ltd and from existing investors including Alpha TC Holdings, a fund backed by …
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Equitas raises $53M led by DEG and impact investment firm Creation Investments – VC Circle

Equitas raises $53M led by DEG and impact investment firm Creation Investments BY  BHAWNA GUPTA Equitas is one of the largest MFIs in the country behind Bandhan and SKS Microfinance. Chennai-based microfinance and micro-housing finance company Equitas Holdings Pvt Ltd (formerly Equitas Micro Finance India Pvt Ltd) has raised Rs 325 crore ($52.5 million) from …
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MFIs’ gross loan portfolio rose 47% Last Quarter

BY  ANURADHA VERMA The loan portfolio in south comprise a third of total. The aggregate gross loan portfolio of microfinance institutions (MFIs) grew 47 per cent to Rs 28,810 crore in the second quarter ended on September 30, 2014 against the same period a year ago, according to data compiled by industry body Microfinance Institutions …
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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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Could reforms unlock Mexico’s “huge” microfinance potential?

By Kieran Lonergan – Monday, October 27, 2014 Mexico’s financial reforms could help the country’s microfinance industry fulfill its “huge potential” for growth, rating agency S&P said in a report. Mexico is an ideal place for microfinance to thrive as traditional lenders are reluctant to provide credit to low-income segments of the population. The country …