Category: Micro Finance

Microfinance: growing in numbers

Despite the political instability and economic worries through much of 2018, nothing could stop the microfinance juggernaut. Latest data released by the microfinance sector’s representative...

Microfinance industry posts 43% growth in Q3

Microfinance industry posted 43.1 per cent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of ₹ 1,66,284 crore, a...

How microfinance may lead to indebtedness

NEW DELHI: In India, where access to the formal banking system is restricted, microfinance emerged as an important and popular alternative in the 2000s. However, the...

Investors in SMILE Microfinance renew stake sale plan

Kolkata: US-based financial services group Developing World Markets (DWM) has renewed its 67% stake-sale plan in Chennai-based SMILE Microfinance after a failed attempt last year. The group is in...

Svasti Microfinance gets Rs 34 cr funding

The Mumbai-headquartered company plans to use the funds to expand its branch network and MSME (micro, small and medium enterprises) portfolio. It also plans to...

Feet on the street: The golden rule of Microfinance

The very purpose of existence of the microfinance industry is to enable financial inclusion for the excluded households representing the bottom of the pyramid. “Microfinance” has steadily...