Suryoday Micro Finance Private Limited, an India based microfinance company, in a bid to expand operations and increase its customer base raised US$200 million from a number of sources. The sources included Lok Capital, Aavishkaar, and an India based housing finance company, HDFC. Read more here.
The only listed MFI in India, SKS Microfinance recently concluded securitization transactions, achieving A1+(SO) rating, signifying ‘highest security’ by one of the leading rating agencies. Read more here. According to CEO and managing director of SKS, the worst is over for the company. They conceded that the larger than life […]
A new microfinance organization called the Vijaya Laghubitta Bittiya Sanstha (VLBS) was recently established in Nepal, with four of its branch offices in districts of Myagdi, Baglung, Parbat and Lamjung. The MFI will be working while embracing the state adopted policy of using microfinance primarily as a poverty alleviation tool. […]
A number of women are in the trade of prostitution in small towns in Bihar because their mothers and grandmothers have been in this trade. For these women, taking a loan from traditional financial sources is impossible as no one will stand as their guarantor. Dreaming of a life free […]
In a case that highlights fallacies in regulations and control, a number of microfinance institutions in Vidisha in India have been operating with RBI approval. Read more here.
According to a new report “Vulnerability: The State of the Microcredit Summit Campaign Report 2013”, some 13 million fewer poor people in 2011 had access to microcredit and other financial services, as compared to 2010. Read more here. According to estimates, this drop has been led by drop in microfinance […]
Recognizing a failure of efforts in rehabilitating the urban poor using means like FSI, the Union Minister for Housing, Ajay Maken today announced the need for the revising of the surface index and land use norms in large cities to develop efficient low cost housing solutions for the poor. Read […]
This report by the Architecture and the Built Environment, available on purchase addresses two issues regarding housing in China: housing and urban renewal. Read more or purchase, here.
Mumbai has one of the largest slums in the world. Donor organizations and state agencies alike have been struggling in housing the urban poor. This post recognizes the failures of the past by enlisting four policies, which, when enforced would help change the scenario for the better. These include the […]
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