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MUMBAI, March 8 (Reuters) – SKS Microfinance, an Indian firm that makes small loans to poor borrowers, plans to file application papers for an IPO in 3-4 weeks, three sources with knowledge of the deal said. The exact size and structure of the fundraising was not yet determined, with one source putting the figure at [...]
From humble beginnings, microfinance—a system of providing tiny loans and savings accounts to the poor—has grown into a global industry attracting the interest of large multinational banks.
But the commercialization of the industry has sparked a fierce debate. Profit advocates highlight improved access to foreign capital and expertise; traditionalists say microfinance companies are in danger of [...]
Dvelo.org, a new online peer-to-peer style lending platform, has launched the invite-only, beta version of their interactive website.
Dvelo.org allows users to get a substantial return on their loans and the website’s feel is akin to a ‘facebook of lending’ and investment. The much anticipated system’s initial feedback has been quite positive, and the design and [...]
The MiFi Report is excited to present you with a program that celebrates the last two Nobel Peace Prize concepts: environment and microfinance. Electronic waste like cell phones pollute the environment (up to 35,000 gallons of water per phone) and microfinance has been proven to be an effective poverty alleviation tool. In response to these issues and as a [...]
Source: http://www.mykro.org/2009-the-year-that-2008-catches-up-to-microfinance/2009/02/
Just about every week, someone will write a piece on microfinance and the effects the worldwide credit crisis will have on the sector. Most journalists and experts alike are optimistic that microfinance will weather the storm and could even be “the answer” to the international investment predicament we are slipping further and further into [...]
