News Archive - Page 108 of 366

Recent Developments, <br /> Key Innovations, and <br /> Insightful Reports

Recent Developments,
Key Innovations, and
Insightful Reports

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Sector news

India: Industry hopes Microfinance Bill will get approval

The microfinance industry as a whole is hopeful that the proposed Microfinance Bill, 2012 will get the Parliament’s approval During the upcoming Budget session. This bill will define the role of microfinance institutions for all future references in the industry. Read more here.

March 4, 2013

Portugal: Youngsters use microcredit to revive business

According to data from the National Association of the Right to Credit, as many as 174 businesses were granted loans as of last year. These loans helped create many jobs, and it was found that four out of ten companies funded through this microcredit were being run by people under […]

March 4, 2013

India: Court upholds Andhra law on microfinance

The high court of the Indian state of Andhra Pradesh, the epicentre of the microfinance overlending storm in 2010, has upheld the severe law on microfinance in the state which was subsequently launched. The petition to declare the Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act 2010 as […]

March 4, 2013

Learning from the past – microinsurance in the future

This post talks about the importance of educating the target customers when it comes to microfinance. Microfinance is no longer all about microcredit. It has expanded in definition to include microinsurance, perhaps the most important form of financial access for the poor as it decreases risks for poor, encouraging them […]

March 4, 2013

Nigeria: MFB customers await micro insurance schemes

A number of MFB customers who want access to loans, but are unable to get it are awaiting the launch of a comprehensive microfinance scheme in Nigeria. This scheme will act as a guarantee for people who were unable to provide collaterals for taking loans from MFBs before. Read more […]

March 4, 2013

‘Venture: A Collection of True Microfinance Stories’

This post is about ‘Venture’, a book comprising of stories related to microfinance. Its ‘stories’ provide insight about the issues faced by the low and middle income class people in the developing countries. This post also features one of the stories from the book. Read more here.

March 4, 2013

India: SKS Microfinance fined US$92,806 million

The Insurance Regulatory and Development Authority (IRDA) of India have charged a fine of US$92,806 or INR 5 million from the only listed microfinance company in the country – SKS Microfinance. This was done because the company charged a higher premium that what is allowed to its microinsurance customers. Read […]

March 4, 2013

India: Microfinance has grown significantly

According to a report published by MFIN, the Microfinance Institutions Network, the microfinance sector has bounced back in the 3rd quarter of this fiscal. According to data collected from 41 members of MFIN, constituting 85 per cent of the microfinance sector in India, growth has been seen in the states […]

March 4, 2013

India: Microfinance loan disbursal rises by 22 per cent in October-December

Microfinance institutions in the country reported a healthy loan demand in the 3rd fiscal quarter. The total loans disbursed have risen by 22 per cent compared to the same quarter the previous year. Read more here.