Posts Tagged ‘Rang De’

By Arvind Ashta and Djamchid Assadi Microfinance Focus, Feb. 7, 2010: The microfinance movement has been witnessing high growth rates along with high interest rates of about 28% per annum on average (CGAP, 2009). The small loan size in relation to transactional costs is the usual explanation offered for the high interest rates. One possibility of lowering these interest rates is through technology such as using ... Full story

Microfinance Focus, July 31, 2009: MYC4, a peer-to-peer lending facility with 15,643 registered investors from 94 countries, has reported investments in online microfinance amounting to 9.3 million euros in 4,865 businesses in seven African countries so far. And the trend is catching up with other players in microfinance sphere. Micro Place, an e-Bay company, has provided 40,005 loans enabled by investments made online since its inception in Sept. 2007. KIVA, another major US-based not-for-profit company which has pioneered the idea of online lending, is distributing one loan in every 14 seconds giving more than $1 million a week. Full story