Comments for Microfinance Monitor

Comment on Bangalore-based Vistaar Microfinance raises Rs 15 crore from Elevar, SVB Capital by Joy Bhattacharjee

Joy Bhattacharjee — Sat, 14 Aug 2010 14:27:11 +0000

Rama,
Great show. All the best.
Let me know if I could be of any help.
Joy

Comment on Indonesia to offer microcredit to its migrant labourers in Malaysia by lowongan

lowongan — Tue, 10 Aug 2010 03:32:10 +0000

pengangguran di indonesia sebaiknya di minimalisasi

Comment on MFIN joins hands with MFTransparency by MFIN joins hands with MFTransparency – Microfinance Monitor « Housing Bubble News

Sun, 08 Aug 2010 09:54:00 +0000

[...] MFIN joins hands with MFTransparencyMicrofinance MonitorMr. Mahajan said MFIN and MFTransparency.org, a global NGO, will together promote transparency in interest rates charged from clients and the task forces …and more » [...]

Comment on WWB provides loan guarantee to CARD Bank from Standard Chartered in Philippines by Insurance

Insurance — Sat, 31 Jul 2010 14:15:24 +0000

I’ve seen a documentary movie about how women in Philippines struggle to make 50$ economies in order to buy a cooking machine for their families; these microfinance programs should address to those women.

Comment on ACCION opens 2 microfinance branches in Cameroon by Julius

Julius — Tue, 27 Jul 2010 15:32:38 +0000

Please I am interested in your services. Can I please know the account opening conditions and how an investor can benefit from your services.
Also, I’d like to know the name of the banking software your institution is using to records it transactions.

Notably in the section of foreign transfer.

kind regards.

Comment on Bangalore-based Vistaar Microfinance raises Rs 15 crore from Elevar, SVB Capital by jagadish karkannavar

jagadish karkannavar — Thu, 22 Jul 2010 16:34:21 +0000

Brahmanand,Well done indeed.Wish u all success

Comment on SKS Microfinance slips in MIX 2009 global ranking list from 3 to 7 by k a prasanna

k a prasanna — Thu, 22 Jul 2010 09:14:34 +0000

TEN REASONS WHY ONE SHOULD NOT INVEST IN SKS MICRO FINANCE IPO

1. Unethical business: The Company is charging interest around 40% p.a. on money lent to the poor and down trodden.

2. Unsustainable business model: The business model will not sustain in the long -run.

3. No commitment from the promoters: SKS’s founder and chairman sold his shares to Tree Line Asia Master Fund (Singapore) Pte for $12.9 million in Feb. this year.

4. Look at the salary of top executives :

Suresh Gurumani – Managing Director of the Company. The total monthly salary is Rs. 12, 50,000. In addition to the above, Mr. Suresh Gurumani was paid onetime bonus of Rs. 10,000,000, in April 2009.

Dr. Vikram Akula – chairman Rs 70.00 lacs p.a. In addition, ESOP amounting to Rs10.97lacs, totaling Rs 1.79cr p.a.

5. Mohd. Yunus says – “I get very worried when investment funds come to microfinance,” said the founder of Bangladesh’s Grameen Bank, which pioneered the industry by giving small loans to rural women to start their own businesses. “I don’t want to excite businessmen that there is profit to be made here,”

6. The IPO will make the promoters, and other venture capitalists including some P/E funds that have stakes in these companies’ millionaires. The hapless borrowers continue to live in abject poverty.

7. Government /RBI will not be mute spectators to the exploitation.
They are bound to regulate the segment. This will make the business un- attractive.

8. Financial inclusion initiatives taken by the public sector banks will marginalize the micro finance business. Do not buy the theories put forth by the BRLMs to sell the issue.

9. The average cost of acquisition of shares by promoters is less than Rs50/-The Company has limited period of history and no dividend payment record.

10. The Andhra Pradesh government has constituted district level ‘Task Force Committees’ (TFCs) to investigate the unethical practices of micro finance institutions in the state. The committees were constituted after the government received many complaints against the loan shark practices adopted by some leading MFI’s of the state.

Comment on GDR issue boosts SE Investments Ltd open with 2% high on BSE by Krishnan Bhat

Krishnan Bhat — Thu, 22 Jul 2010 06:07:05 +0000

SE Investments Ltd is one of the leading companies in the category ‘A’ classified NBFC by RBI specialized in micro finance and
other lending activities viz hire purchase, personal loan, loan against property to both individuals and corporates. The company
has a dominant presence in the Northern part of the country specially NCR. The company expect micro finance activities to continue to be
a lucrative business owing to easy access to small loans and the low penetration of banking systems in India. The company also
offers very lucrative deposit schemes for individuals with an average interest rate of over 12.5 percent. I recommend to buy the stocks of the company for good returns.

Comment on Microfinance Institutions Network (MFIN) gears up to create credit bureau by Shashank Agarwal

Shashank Agarwal — Sun, 27 Jun 2010 19:14:08 +0000

Can you share any contact details or office address of MFIN.
I would be very greatful.

Comment on BASIX, IFMR offer highest salary to IRMA graduates by mahendra kachkar

mahendra kachkar — Tue, 22 Jun 2010 07:52:31 +0000

b.a in 2005
working as a lsa since april 2008
in akola unit(b.s.f.l) maharashtra

Comment on Aavishkaar Invests in B2R Technologies, a Rural BPO by Seeta Gorakha

Seeta Gorakha — Tue, 08 Jun 2010 06:29:10 +0000

Respected B2R all team’

I am galde to know about B2R progarm. but I couldnt find your contect no.
So Please send your contect no. I hope you contect me as soon as.

Regards,
Seeta Gorakha

Comment on CIBIL, MFIN to launch Microfinance Credit Information Bureau by Andahle K M

Andahle K M — Sat, 29 May 2010 05:26:48 +0000

Very well,

1) I appriciate the same, & wish best of best of luck to your team.
2) We can avoid the problems of overdues & errors with the help of this.
3) I wan’t to suggest one thing, that we can add information of Employees working in the MFI, specially about those who had created any problems or you can say fraud with the compony.

Regards
Kailas M A

Comment on Apax Foundation picks up 20% stake in Finance in Motion GmbH by David Harris

David Harris — Wed, 26 May 2010 08:35:51 +0000

i am into Business and Financing. it is really very interesting how to make money both online and offline.”‘-

Comment on Microfinance, Financial Inclusion, NREGA figure prominently in India’s 2010-11 Budget by Laurence Ostrzyeki

Laurence Ostrzyeki — Tue, 25 May 2010 19:04:50 +0000

Wow, what an amazing post! I found your blog today, this is a really great post you made, hope to see more from you!

Comment on RBI asks MFIs to improve governance standards: report by R.RAVINDRANATH

R.RAVINDRANATH — Tue, 04 May 2010 06:02:02 +0000

Please provide information about policy made by various banks like ICICI and other financial institutions in regard to lending to MFI’s.

Comment on Advantage Capital Partners to provide funding to Grameen America by grants for women

grants for women — Mon, 03 May 2010 05:28:33 +0000

Keep up the good work, I like your writing.

Comment on Mexico’s Banca Compartamos weighs acquisitions abroad: report by Johny mcgregor

Johny mcgregor — Thu, 22 Apr 2010 00:26:51 +0000

A single mother is faced with innumerable challenges starting form household expenses to buying things from the market to looking after the children??????

Comment on Microfinance Institutions Network (MFIN) gears up to create credit bureau by Abhijit

Abhijit — Sat, 17 Apr 2010 08:46:48 +0000

Do the Microfinance Institutions Network (MFIN) have any website?

Comment on BASIX, IFMR offer highest salary to IRMA graduates by Compensation Calculator

Compensation Calculator — Tue, 13 Apr 2010 20:36:09 +0000

Thank you for your great work in writing! Your blog is much better then others i have found on this subject. Thank you so much for your help in helping me understand this subject.

Comment on Village Enterprise Fund gets $125,000 grant for microfinance program in East Africa by Francis Njung

Francis Njung — Fri, 09 Apr 2010 14:23:58 +0000

CNPI S.A A MICROFINANCE INSTITUTION IN CAMEROON NEEDS FINANCING. Should it be of interest pls advise. Thks.