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World Bank group support to developing countries hits nearly $53 bn in FY12

In the fiscal year 2012, The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees to help promote economic growth, overcome poverty, and promote economic enterprise in developing countries.

Bismarck or Chaos

Otto von Bismarck was an ultra-conservative East German (Prussian) nobleman who helped the unification of his country (in 1871), managed stable relations with neighbouring powers (Austria-Hungary, France, Great Britain and Russia), religious tolerance (Catholics, Protestants) and avoided a popular revolt against capitalist industrialism. As Emperor Wilhelm’s chanc

Overindebtedness is a top issue in MF sector: Microfinance Banana Skins Survey 2012

The Microfinance Banana Skins Survey 2012 highlights concerns about overindebtedness, which was ranked as a top risk by over half of participating respondents. The report describes the risks facing the global microfinance industry in the early part of 2012, a time when it is struggling to recover from the global financial crisis, and from attacks on its reputation

Endorse and support of health services by all is a must says MSC report

Freedom from Hunger, the Indian Institute of Public Health, Ghandinagar, and the  Microcredit Summit Campaign have released the 2012 report:  Integrated Health and Microfinance in India:  Harnessing the Strengths of Two Sectors to Improve Health and Alleviate Poverty. The authors have presented an overview of the report.

17 Female US Senators support to preserve the autonomy of Grameen Bank

17 female members of the United States Senate released a letter to Prime Minister Sheikh Hasina of Bangladesh expressing their strong support to preserve the autonomy of Grameen Bank, which provides credit and other services to more than 8 million of the poorest women in Bangladesh.

Incofin IM takes equity stake of USD 2.36 mn in Annapurna Microfinance

Annapurna Microfinance Pvt Ltd. (AMPL), a Microfinance company based in the Central eastern Indian state of Orissa, will be getting an equity funding of USD 2.36 million from Incofin’s Rural Impulse Fund II (RIF II). This will be Incofin’s sixth equity investment in India.

Utkarsh MFI grading upgraded to M2 from M3+ by ICRA

Utkarsh Micro Finance Private Limited (Utkarsh)'s MFI grading has been upgraded from M3+ to M2 from the Information and Credit Rating Agency (ICRA), a company that provides investment information and credit rating services in India. As per the ICRA’s view, now, Utkarsh’s ability to manage its microfinance activities in a sustainable manner is high. This MFI gradin

Technology and Microfinance: Cost issues, solutions and challenges

The second day of Hanson Wade Microfinance Technology conference in Kuala Lumpur (June 25-27, 2012)started with my introductory focus on the impact of technology on costs.  Loans of small sizes have high fixed transaction costs which make lending to poor people difficult. With Microfinance, these fixed costs have come down owing to group lending and other mechani

Sagamore Investments grants US $22 mn to Accion Microfinance China

Sagamore Investments has agreed to invest RMB 140 million (US $21.9 million) in Accion Microfinance China (AMC), a microfinance institution delivering financial services to micro entrepreneurs in Chifeng Prefecture, Inner Mongolia, said  Accion.

Vijay Mahajan re-elected as President of MFIN Board

The election for the Board members of Micro Finance Institutions Network (MFIN), self-regulatory organization (SRO) for the Indian Microfinance industry was conducted at the Annual General Meeting held on 25th June 2012 in Hyderabad.

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