Search For "microfinance institution"
US Development Finance Corp lends USD 35 mln to India's CreditAccess Grame
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra) [India], October 19 (ANI): The US government arm Development Finance Corporation (DFC) has signed a USD 35 million loan with Indian microfinance institution CreditAccess Grameen (CAG) with an aim to help 5 lakh women entrepreneurs gain access to credit.
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Microfinance Industry's Code of Conduct, 4th Edition released by SIDBI CMD
Updated : 3 years, 5 months ago IST
New Delhi [India], October 7 (ANI/PNN): Microfinance Institutions Network (MFIN), industry association for Microfinance and an RBI-recognized self-regulatory organization today announced the release of the fourth edition of the Industry Code of Conduct, jointly with Small Industries Developm
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Pahal Financial Services raises USD 10 Million in equity and debt capital
Updated : 3 years, 11 months ago IST
Ahmedabad (Gujarat) [India], April 13 (ANI/BusinessWire India): Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt Ltd recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe's impact investing firm, GAWA Capital (through its equity v
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ADB and HSBC set up $100 mn partial guarantee programme for microfinance i
Updated : 3 years, 11 months ago IST
New Delhi [India], March 31 (ANI): The Asian Development Bank (ADB) and HSBC India (HSBC) on Thursday signed an agreement to establish a $100 million partial guarantee programme to support more than 400,000 micro-borrowers and mostly women-run micro-enterprises across India.
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Assam Forest Minister Parimal Suklabaidya rolls out Assam Micro Finance In
Updated : 4 years, 1 month ago IST
Guwahati (Assam) [India], February 3 (ANI): Assam Environment and Forest Minister Parimal Suklabaidya gave away cheques as financial support to women borrowers who took loans from microfinance institutions in Assam's Hojai district on Thursday under Category 1 of Assam Micro Finance Incentiv
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New harmonisation proposals to create level playing field for NBFCs-MFIs:
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 17 (ANI): Harmonisation guidelines proposed by the Reserve Bank of India (RBI) for non-banking finance companies and microfinance institutions (NBFCs-MFIs) are need of the hour to address diverse interpretations of regulations by multiple forms of entities,
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NBFC-MFI sector may see more restructuring of portfolio: Crisil
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.
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Pahal Financial Services raises 5 million USD from WaterEquity
Updated : 4 years, 9 months ago IST
Ahmedabad (Gujarat) [India], June 7 (ANI/BusinessWire India): Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd., recently raised debt capital worth 5 million US dollars from WaterEquity, a USA-based impact investment asset manager.
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Sequential challenging year stares at microfinance sector: Ind-Ra
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 24 (ANI): India Ratings and Research (Ind-Ra) said on Monday that collections for microfinance institutions (MFIs) and small finance banks (SFBs) are estimated to have declined 3 to 5 per cent in April and additional 5 to 7 per cent in first fortnight of May
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ADB, Habitat for Humanity to support housing microloans for India's vulner
Updated : 4 years, 11 months ago IST
Manila [The Philippines], April 19 ((ANI): The Asian Development Bank (ADB) has teamed with Habitat for Humanity International to help microfinance institutions (MFIs) deliver housing loans to low-income families in rural and peri-urban areas of India, Bangladesh, Indonesia, and the Philippi
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SCNL to facilitate Covid-19 vaccination for all employees
Updated : 4 years, 11 months ago IST
New Delhi [India], April 13 (ANI): Leading microfinance institution Satin Creditcare Network Ltd (SCNL) today announced vaccination drive for all its employees.
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Promoters of SCNL reduce pledge percentage to 3.09 pc
Updated : 4 years, 12 months ago IST
New Delhi [India], March 17 (ANI): The promoters of Satin Creditcare Network Ltd (SCNL) have reduced the pledge percentage of company from 8.9 per cent on July 16 last year to 3.09 per cent now.
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