Search For "microfinance"
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, 10 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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Grameen Credit Agricole Foundation grants a 3M euros loan to Pahal in favo
Updated : 4 years, 11 months ago IST
Ahmedabad (Gujarat) [India], March 26 (ANI/BusinessWire India): With about 190 million adults without a bank account, India has -after China- the second-largest unbanked population in the world (World Bank). The microfinance sector has become a key instrument to fight financial exclusion in
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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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Svatantra's Home Insurance helping Amphan affected rebuild their houses
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India] July 1 (ANI/PRNewswire): Svatantra Microfin Private Limited is a next-gen technology-driven microfinance company that operates in rural areas of India, offers not just microcredit but a bouquet of financial services - cashless health insurance, personal accident,
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SATYA MicroCapital raises Rs 105 crore equity funding from Japan-based Goj
Updated : 5 years, 9 months ago IST
New Delhi [India], May 26 (ANI/Digpu): During the increasingly aggravating epidemic of COVID-19, where the national economy is being significantly impacted, SATYA MicroCapital Limited, one of the leading and fastest-growing micro-lending companies in the nation, has raised Rs 105 crore in eq
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Mauritius based Aviator EMF invests USD 3.1 million in Midland Microfin Lt
Updated : 5 years, 10 months ago IST
Jalandhar (Punjab) [India] May 5 (ANI/Digpu): Recognising the potential of microfinance institutions in India, Aviator Emerging Market Fund has invested USD 3.1 million (approx Rs 24 crores) in Midland Microfin Ltd, a Jalandhar, Punjab based company that provides funding towards financial an
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Svatantra Microfin India's best workplaces in BFSI category
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], April 23 (ANI/BusinessWire India): Svatantra Microfin Private Limited, a microfinance institution is recognised as India's top 25 'best places to work in the BFSI (Banking, Financial Services and Insurance Sector) Category' by the esteemed Great Place to Work
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Svatantra's cashless Mediclaim - a boon to rural India
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 10 (ANI/BusinessWire India): Svatantra Microfin Private Limited, a microfinance institution headquartered in Mumbai offers micro-credits vis-a-vis other impactful financial services such as cashless mediclaim, accident and home structure insurance to its r
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