Microfinance News

SKS Microfinance IPO subscribed 8.64 times on the third day at NSE
Microfinance Focus
4 hours 56 min ago
Microfinance Focus, July 30, 2010: The initial public offer of SKS Microfinance was subscribed 8.64 times at the end of its third day according to the latest data available at NSE. The IPO received a total bid for 118994988 shares against the total issue size of 13769095 shares. It...
QIBs oversubscribed SKS Microfinance IPO 3.6 times
Microfinance Focus
5 hours 43 min ago
Microfinance Focus, July 30, 2010: As per the latest data available on the BSE cumulative demand schedule, qualified institutional buyers (QIBs) have oversubscribed SKS microfinance IPO 3.6 times. For the total issue size of 1.37 crores of equity shares buyers bided for 2.5 crores...
IFC teams up with India’s Federal Bank to support SMEs
Microfinance Focus
6 hours 47 min ago
Microfinance Focus, July 30, 2010: International Finance Corporation, the financial arm of World Bank and India’s Federal Bank have joined hands to enhance support to small and medium enterprises and help boost international trade opportunities. IFC will be providing trade...
Rich IPO Brings Controversy to SKS Microfinance
Microfinance Gateway
8 hours 4 min ago
What will happen with the money charitable microfinance organizations will make from the IPO?
Microfinance News Synopsis: Rich I.P.O. Brings Controversy to SKS Microfinance
Microfinance Focus
10 hours 32 min ago
Microfinance Focus, July 30, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Rich I.P.O. Brings Controversy to SKS Microfinance: An Indian company with rich American backers is about to raise up to $...
MICROCAPITAL BRIEF: Microfinance Experts Express Concern Over Rapid Growth of Microlending by For-Profit Organizations in India
Microcapital
12 hours 10 min ago
An article in the Financial Times titled, “Microfinancing Spreads Beyond India’s Grassroots,” discusses recent concerns raised by some microfinance experts surrounding the increase in microlending by profit-oriented companies in India. The article claims that while Indian microlending originally...
New Insurance Regulations in Kenya May Negatively Impact Microinsurance
Microfinance Gateway
21 hours 33 min ago
The changes require insurers to separate life from general business and new capital rules...
MICROCAPITAL BRIEF: SKS Microfinance Launches India’s First Initial Public Offering (IPO) by a Microfinance Institution
Microcapital
1 day 2 hours ago
SKS Microfinance has launched India’s first initial public offering (IPO), anticipation of which stretches at least back to a report by MicroCapital on March 29, 2010. SKS Microfinance is an Indian microfinance institution serving impoverished women which has total assets of USD 596 million at...
“We would like to see differentiation in the rules for Microfinance Investors”-DWM
Microfinance Focus
1 day 4 hours ago
Microfinance Focus, July 29, 2010: Developing World Markets (DWM) is an asset manager and an investment bank specializing in asset management for microfinance and other socially positive businesses in developing countries. It is managing approximately $600 million of assets and has...
Temasek, IMDI establish US$ 200m JV for affordable housing in Mexico
Microfinance Focus
1 day 5 hours ago
Microfinance Focus, July 29, 2010: Singaporean investment company, Temasek Holdings (Temasek) has reached an agreement with Impulsora Mexicana de Desarrollos Inmobiliarios (IMDI) to establish a joint venture (JV) to pursue land banking opportunities in Mexico. Both parties will...
Financiera Independencia’s reports 16.7% Microfinance Loan Portfolio Growth
Microfinance Focus
1 day 9 hours ago
Microfinance Focus, July 29, 2010: Financiera Independencia, the Mexican microfinance provider has reported its Net Income up by 4.9% (year on year) to Ps.143.5 Million with loan portfolio growth of 16.7% for 2Q10. The company has yesterday announced its results for the three-month...
Microfinance will continue to have Priority Sector Lending Status-Matrix
Microfinance Focus
5 hours 43 min ago
Microfinance Focus, July, 30, 2010: Matrix Financial Consultants, is a Mumbai based investment banking firm offering debt syndication, equity placement and financial restructuring to an array of clients from industries such as microfinance, power, hotels and pharmaceuticals....
‘Mobilismoney’ launched for the Unbanked
Microfinance Focus
7 hours 34 min ago
Microfinance Focus, July 30, 2010: New Zealand based turnkey provider of Wireless and Wireless Broadband communication solutions across the Middle East, Africa, Asia and Oceania, Mobilis Networks Limited has released MobilisMoney, the Mobilis Mobile Money Transaction Platform, says...
Rich IPO Brings Controversy to SKS Microfinance
Microfinance Gateway
8 hours 4 min ago
What will happen with the money charitable microfinance organizations will make from the IPO?
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Releases French Edition of 2009 Arab Microfinance Report
Microcapital
12 hours 10 min ago
The Microfinance Information Exchange (MIX) in partnership with Sanabel, a nonprofit organization dedicated to advancing Arab microfinance, and CGAP (Consultative Group to Assist the Poor), an independent policy and research center housed at the World Bank Group, recently released the French...
MICROFINANCE PAPER WRAP-UP: A Business to Call Her Own: Identifying, Analyzing and Overcoming Constraints to Women’s Small Businesses in Latin America and the Caribbean, by Jennifer Powers and Barbara Magnoni, Published by the Multilateral Investment Fund
Microcapital
12 hours 11 min ago
By Jennifer Powers and Barbara Magnoni of EA Consultants, Published by the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB), April 2010, 100 pages, available at: http://idbdocs.iadb.org/wsdocs/getDocument.aspx?DOCNUM=35282406 The authors of this study focused on the...
Microlending Gains Ground in US as Recession Increases Demand for Small Loans
Microfinance Gateway
1 day 51 min ago
Both Kiva and Grammen Bank have increased their scope to lend to Americans...
BSE Demand Schedule for SKS Microfinance IPO on the second day
Microfinance Focus
1 day 4 hours ago
Microfinance Focus , July 29, 2010 :According to BSE , Last updated demand schedule for SKS Microfinance IPO BSE Demand Schedule for SKS Microfinance IPO on the second day Bid and Quantity for SKS Microfinance Limited Bid and Quantity for SKS Microfinance Limited Related...
MICROFINANCE PAPER WRAP-UP: Why Microfinance Take-up Rates Are Low & Why It Matters, by Dean Karlan, Jonathan Morduch and Sendhil Mullainathan
Microcapital
1 day 4 hours ago
By Dean Karlan, Jonathan Morduch and Sendhil Mullainathan, published by Financial Access Initiative, June 2010, available at: http://financialaccess.org/sites/default/files/RFN11_Why_microfinance_takeup_rates_are_low%286-17-10%29.pdf Evidence indicates that under half of eligible households...
Peru’s MSMEs receive $5 million from CAF
Microfinance Focus
1 day 9 hours ago
Microfinance Focus, July 29, 2010: Latin America focussed development financial institution CAF has recently approved US$5 million line of credit in favor of Caja Rural de Ahorros y Crédito Nuestra Gente S.A to support micro- and small enterprises in Peru.  Caja Rural de Ahorros y...
SKS Microfinance IPO got maximum bids from Institutional Investors
Microfinance Focus
1 day 10 hours ago
Microfinance Focus, July 29, 2010: Microfinance lender SKS’s initial public offering received the highest bidding from institutional investor and the issue got subscribed 18 percent on the opening day. Out of the total issue size of 1.37 crores of equity shares, SKS received bids...