Posts Tagged ‘sks’

Microfinance Focus, July 23, 2010: Witnessing an unprecedented level of growth, the microfinance sector is increasingly attracting the interest and investment of equity investors world over. According to a recently released ‘Microfinance Institutions Shareholder Value Index 2006’ (WSAS MFI SVIX) by Wall Street Advisory Services, the sector has posted a 148% increase (in US$ terms) in the shareholder value of equity investments made in 29 ... Full story

Microfinance Focus, July 23, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS Microfinance to double headcount to 42K; IPO opens Jul 28: The country's largest microfinance company SKS Microfinance, which hopes to raise around Rs 1,300 crore through its forthcoming IPO, plans to double its headcount to 42,000 by the end of the current ... Full story

Microfinance Focus, July 20, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS may fix IPO price band at Rs 600-Rs 700: SKS Microfinance is looking to raise around Rs 1,500 crore through its proposed initial public offering. With a price band of Rs 650-700 a share, the first microfinance company to go public will ... Full story

Microfinance Focus, July 17, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Maoists, mafia, MLAs and moneylenders: they are external, extortionist threats: Vikram Akula, chairman of SKS Microfinance Ltd, is arguably the most controversial figure in India’s nascent microfinance industry. As SKS’ initial public offering (IPO) approaches, the first among microfinance companies, Akula spoke in ... Full story

Microfinance Focus, July 15, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. FMCGs, telcos find a Godsent ally in microfinanciers: About four months back, Hyderabad-based SKS Microfinance, India’s largest, started associating with companies looking to tap the purchasing power of rural women. That idea is turning out to be a veritable killer app: fast-moving consumer ... Full story

Microfinance Focus, July 14, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. India's first IPO by microfinance firm to open on July 28:  SKS Microfinance's public offer, through which it expects to mop up as much as Rs 1,300 crore, will hit the capital market on July 28. The initial public offering, the first such ... Full story

Microfinance Focus, July 12, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS MF gets Sebi nod for IPO; issue likely by end-July: India's largest microfinance firm, SKS Microfinance is likely to hit the market with its proposed initial sharesale by the end of this month after market-regulator Securities and Exchange Board of India okayed ... Full story

Microfinance Focus, July 1, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. NEWSMAKER-Akula shines light on India microlending in SKS IPO: As a controversial $250-$350 million IPO draws nearer, Vikram Akula, founder of India's largest microlender, SKS Microfinance, crunches numbers. India's first microfinance institution (MFI) to tap the capital market has nearly 7 million clients, ... Full story

Microfinance Focus, May 31, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. More Small Businesses May Benefit From Microlending: The microfinance industry is setting its sights on U.S. small businesses, IndiaWest reports. A recent report from IndiaWest has potentially exciting news for entrepreneurs looking for lending. According to the paper, microfinance lending is currently expanding ... Full story

Microfinance Focus, May 27, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. A Microfinance CIO and his latest IT feat: SKS or Swayam Krishi Sangam is an organization that offers microloans and insurance to poor women in impoverished areas of India.  As one of the fastest growing microfinance institutions in the world and claimed to ... Full story

Microfinance Focus, May 20, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Toll-free number for members of SKS Microfinance: SKS Microfinance has launched a toll free number for its members in Andhra Pradesh, Karnataka and Orissa. The number - 1800-300-100-00 — would allow the existing members in these States to reach out to the head ... Full story

Microfinance Focus, Oct. 12, 2009: SKS Microfinance’s securitized portfolio worth Rs. 137 crore (Rs. 1,370 million) with YES Bank has been rated by Credit Analysis & Research Ltd. (CARE) as PR1+ SO (Highest Safety) rating, said a press release on Monday. The Securitization enables YES Bank to purchase from SKS Microfinance 1,58,878 micro loans offered to Schedule Caste, Schedule Tribe and other minority sections of ... Full story

By Naagesh Naaraayana Microfinance focus, Sept. 9, 2009: Hyderabad-based SKS Microfinance, India's largest microfinance company, has crossed five million clients, a milestone in its lending history. The company's Darbhanga branch in Bihar on Tuesday extended a loan worth Rs 10,000 to Ms Anita Devi. It has provided loans to 13,218 more clients since then. With this, SKS has reached 2.5 per cent of the country's population and distributed collateral-free loans worth Rs. 9,110 crore for income generation. Full story

Microfinance Focus, Aug. 11, 2009:  Tamil Nadu-based Grama Vidiyal Micro Finance Limited (GVMFL) plans to raise Rs 100 crore by way of non-convertible debentures (NCDs) over the next three months as part of its aggressive fund-rasing efforts to expand the company's portfolio, said S. Devaraj, chairman and managing director of GVMFL on Tuesday. The microfinance institution which obtained the NBFC status in February 2007, will be the second after Hyderabad-based SKS Microfinance to take the NCD route to raise funds.  Full story