Microfinance sector on the rise?

Microfinance Institutions Network (MFIN), the industry body representing non bank finance companies and microfinance institutions (NBFC-MFIs), today said Reserve Bank-regulated NBFC-MFIs have no link with chit fund companies in any region, including Assam.

Satin Creditcare Network Ltd, a Delhi-based microfinance institution, has raised Rs 41 crore from three funds.It will use the funds to grow in rural areas in North India, where it will i...

Micro Finance Institutions Network (MFIN) plans to move the Supreme Court against the Andhra Pradesh government's ordinance curbing micro-lending activities of private players in the state, according to people familiar with the development. MFIN, ...

The spectacular expansion of microcredit programs in Bangladesh, including a growing number of borrowers availing credit from multiple microfinance institutions (MFIs), have brought recent concerns that MFI competition might be taking a toll on the ...

In the aftermath of the Saradha crisis, microfinance institutions (MFIs) have stopped lending to high value depositors in multi-level marketing (MLM) companies, fearing default in payments. MFIs have already stopped lending to the agents of MLM ...

BANGALORE: Uttar Pradesh-based microfinance institution has closed its Rs 20 crore round of equity financing, led by existing investors, Aavishkaar Goodwell, and Norwegian Microfinance Initiative. The Varanasi-based will use the proceeds of the ...

KATHMANDU: A three-day seminar on Regulation and Supervision of Microfinance Institutions in SAARC Region has begun at Gokarna in the capital from today. Inaugurating the seminar, Governor of the Nepal Rastra Bank (NRB), Yubaraj Khatiwada, stressed ...

The Aspen Institute, Accion and Opportunity Fund released an exciting new report that highlights the importance of Micro Loans for small businesses in the U.S. According the their microTracker lending study called "U.S. Microfinance: Small Loans, ...

Conducted in Partnership With the Aspen Institute, Accion and Opportunity Fund Report Highlights National Microbusiness Outcomes By providing small loans that average just $10,000 in the U.S., leading microlenders Accion and Opportunity Fund are ...