Posts Tagged ‘AP Microfiannce Ordinance’

Microfinance Focus, Oct 26, 2010: At Economic Editors’ conference Finance Minister Pranab Mukherjee said, "I am not currently thinking of appointing any regulator right now. As we expect there should be a code evolved by the institutions themselves where rate of interest are not abnormally high and there should not be a coercive mechanism to recover the money", according to a Press Trust of India ... Full story

Microfinance Focus, Oct 21, 2010: Microfinance association, Sa-Dhan’s 234 members have proposed to drop the rate of interest they charge on lending to microfinance borrowers. Currently, the members are charging an interest in the range of 19%-27% and it is up to every organization to look into what extent they can cut the interest rates. They can reduce it by 0.5%-2%. Sa-Dhan has also set up ... Full story

By S.C. Hassain , Microfinance Focus, Oct 20, 2010: Editor’s Note: S.C. Hassain is the Secretary & CEO Star MicroFin Service Society (SMSS) which is based out of Andhra Pradesh. In the light of latest developments in Andhra Pradesh microfinance field, he has shared with Microfinance Focus, his perspective on the actual happenings that led to the issuance of the Microfinance Ordinance in the state. Edited ... Full story