Investments

Ujjivan Slashes Interest Rates

Microfinance Focus, December 17, 2012: Ujjivan Financial Services, a Bangalore based microfinance institution has reduced its interest rates by 1-2 % from 15th December 2012 across majority of the loans offered to its customers. Ujjivan’s interest rates have been reduced from 26% to 25% for all new group loans and from 26% to 24% for repeat...

Hugh Sinclair: You may still have over-estimated the competence of this fund?

Microfinance Focus, December 14, 2012: Note: This letter is Hugh Sinclair`s response to the recent article written by Daniel Rozas in Microfinance Focus website on December 10, 2012.

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A Giant Stumbles: Why did investors abandon Blue Orchard?

By Daniel Rozas,
Microfinance Focus, December 10, 2012: Over the past 18 months, one of the microfinance sector's largest and most prominent funds, Blue Orchard's Dexia Micro-Credit Fund (recently renamed Blue Orchard Microfinance Fund), saw a major outflow of investor capital, with some $268 million or nearly 50% of the fund...

International Funding for Microfinance Reaches at Least US$25 billion in 2011: Report

Microfinance Focus, December 5, 2012: According to the CGAP's Cross-Border Funder Survey, international funding for microfinance reached at least US$25 billion in 2011. The total amount committed continues to increase, though at a slower rate in the past two years: average annualized growth decreased from 17 percent per year between...

Symbiotics’ impact bond issuance platform lends USD 10 Mn to AccessBank

Microfinance Focus, December 03, 2012: Azerbaijan’s leading microfinance bank, AccessBank, received 10 million dollars through MSME Bonds, Symbiotics’ impact bond issuance platform, on November 20, 2012. The platform offers standardized electronically-traded syndications for fixed income investors. The transaction was offered by Symbiotics to...

Shubham, Mortgage Company Focused on Low-income Families gets investment of $4 Million

Microfinance Focus, November 30, 2012: Accion, a private, nonprofit organization working in bringing financial services to the underserved, announced that its Frontier Investments Group along with Saama Capital, an India venture focused investment firm, has invested US$4 million in Shubham Housing Development Finance Company. With...