Asian Development Bank will invest $10 million in ShoreCap II Fund meant for investment in microfinance and small bank lending to poor. Ironically, a major portion of the fund will…
Microfinance Monitor, April 5, 2010: Matrix Partners India, Hivos Triodos and Lok Capital have together invested Rs. 118 crore in Hyderabad-based Bhartiya Samruddhi Finance Limited (BSFL), a flagship microfinance company…
Microfinance Monitor, March 4, 2010: India’s largest microfinance firm SKS Microfinance has slipped in global ranking from 3 in 2008 to 7 in 2009 while Bangalore-based Grameen Koota microfinance (GFSPL)…
Microfinance Monitor, January 1, 2010 – Microfinance has reportedly recorded more than 15 deals in 2009 while some speculative deals like Share Microfin’s IFC deal and Spandana’s Temasak deal never…
Microfinance Monitor, December 22, 2009 – Hyderabad-based Bhartiya Samruddhi Finance, a microfinance institution and flagship company of the Basix Group, has settled micro-insurance claims of over Rs 51 lakh of its…
Microfinance Monitor, November 17, 2009: BASIX microfinance institution Bhartiya Samruddhi Finance Ltd (BSFL), headed by Vijay Mahajan, is planning to raise another round of private equity following its first successful…