Posts Tagged ‘Unitus’

Microfinance Focus, July 20, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. MFIs tap technology as the bridge to reach unbanked millions: Kenyan microfinance institutions have for a long time served the unbanked segments of the population despite several obstacles in their quest to access this niche. It is estimated that micro-enterprises contribute about 18 ... Full story

Microfinance Focus, July 3, 2010: Shifting its resources and activities to areas of maximum socio-economic impact for underserved people throughout the world, Unitus has yesterday announced that it will be suspending its microfinance acceleration activities. After fulfilling current partner commitments, the organization will release its staff of nearly 40 individuals in its Seattle headquarters and its Bangalore, India and Nairobi, Kenya field offices. Remaining assets ... Full story

By Vikash Kumar & Daniel Rozas * Microfinance Focus , May 12, 2010 : SKS Microfinance, India’s biggest lender to the poor, is soon to become the nation’s first microfinance company to list on the Stock Exchange. In the past 10 years, it has evolved from an NGO to a public limited company and has set many benchmarks for the industry to follow. Microfinance Focus presents ... Full story

Micofinance Focus, Dec. 3, 2009: Aimthy Thoumoung has taken over as Unitus new Director of Operations & Strategy on Thursday. Unitus, Inc., a global microfinance advisory group, has its India office based in Bangalore and Aimthy will lead Unitus's consulting work with partners in India and neighboring regions. Prior to joining Unitus, Aimthy was with Sutherland, where he managed the Banking, Financial Services and Healthcare Practice ... Full story

Microfinance Focus, Nov. 09, 2009: Unitus, an international nonprofit organization has announced that Ujjivan , a Bangalore based NBFC-Microfinance institution has been selected as the first institution  to participate in the recently launched Social Performance Management Implementation Project (SPM IP). Social performance management (SPM) is an institutionalized process that involves setting clear social objectives such as improved quality of housing, healthcare, and monitoring and assessing progress ... Full story

Microfinance Focus, Aug. 18, 2009: Swadhaar FinServe Pvt Ltd (SFPL), a Mumbai-based microfinance institution (MFI), will begin its operations providing microfinance loans to the urban poor in Vadodara, Gujarat on Tuesday. To begin with, the MFI will target the poor living in slums of Fatehgunj and extend its operations to other  semi-urban areas like Dakor, Umreth, Raopura, Gotri and Manjalpur. Swadhaar wants to help the vulnerable ... 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