Posts Tagged ‘Chennai’

Microfinance Focus, Jan. 15, 2010: Aavishkaar Goodwell microfinance quity fund, with focus on Indian MFIs, has recently made an unspecified equity investment in Shre Pathrakali Finance Co. Pvt Ltd (SPFCL),  a greenfield MFI operating under the brand name "Utkarsh" that has commenced its micro-credit operations in September 2009 in Varanasi district, Uttar Pradesh. "Aavishkaar Goodwell is proud to partner with Utkarsh on account of its experienced ... Full story

Microfinance Focus, Nov. 12, 2009: World Bank investment arm IFC has decided to invest $1.15 million in Belstar Investment and Finance Limited, Hand in Hand's microfinance arm, to help establish a sustainable microfinance operation and reach a million women in the next five years. Hand in Hand is an NGO based in Chennai. IFC Executive Vice President and CEO Lars Thunell signed an agreement with Belstar ... Full story

Dr. A. P. J. Abdul Kalam, the former President of India, launched the Commonwealth Card in Chennai on Tuesday. The card is issued by the Chennai-based Commonwealth Micro-Finance (India) Ltd, in partnership with the REPCO Bank, a Govt. of India enterprise. Dr. Kalam issued the first card to members of REPCO Bank Self Help Group (SHG). Focussed on banking the un-banked and the under banked, the ... Full story

Microfinance Focus, Oct. 8, 2009: Dr APJ Abdul Kalam, former President of India, will formally launch the REPCO Bank co-branded Commonwealth Card at a function to be held at the Centenary Auditorium of University of Madras in Chennai next week. Commonwealth Micro Finance (India) Limited (CMFIL) is ... Full story

Microfinance Focus, Sept. 10, 2009: Venture fund manager Lok Capital announced on Thursday that it has invested $1.5 million to pick up a 24% stake in the Chennai-based Asirvad Microfinance. Founded in 2007,  Asirvad has 75,000 borrowers in Tamil Nadu and a portfolio outstanding of over $4.6 million. It has 21 branches in 7 districts and employs 150 persons. Full story