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45 Million Indians move above poverty line: report

According to a report released by the Microcredit Summit Campaign, a program of the U.S.-based advocacy group RESULTS Educational Fund, nearly 9 million Indian households involved in microfinance — including…

OPIC gives nod to provide $45 million to Habitat

The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $45 million to enable Habitat for Humanity International (HFHI) to expand its housing microfinance lending (HMF) – a…

Bill Clinton Opens CGI America Under Global Initiative

President Bill Clinton has opened CGI America, hosting a plenary session on job creation and announcing new programs that will help foster economic growth in the U.S. Speaking to more…

SKS shares plunge as Q4 losses mount

SKS Microfinance has reported a net loss of Rs 70 crore in the fourth quarter as of March 31 owing to cancellation of operations in many parts of Andhra Pradesh.…

Muhammad Yunus looses final appeal to retain Grameen Bank post

Nobel laureaute and Bangladesh’s Grameen Bank founder Muhammad Yunus lost a final appeal in the Supreme court on Thursday against his dismissal from the bank. Yunus, who was the bank’s…

Financiera Independencia posts P 90M net income for last quarter

Mexican microfinance lender Financiera Independencia has announced a net income of 90 million pesos or a decline of 36.6 percent Year on Year for the the three month period ended…