News Archive - Page 97 of 366 - Re-emerging World

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

Recent Developments,
Key Innovations, and
Insightful Reports

Your One Stop Platform for Regular Sector Updates

Sector news

India: RBI rejects plea to remove 26 per cent lending cap on interest rates

The Central Bank in India – the Reserve Bank of India has refused to remove a 26 per cent cap on interest rates for lending from microfinance institutions. According to the deputy governor KC Chakravarty, MFIs will stop getting bank loans with priority sector tag if this cap is removed. […]

March 21, 2013

Nepal: Governor asks microfinance firms to revise rates

Responding to the crisis of high interest rates, the Central Bank governor in Nepal has called upon microfinance institutions to reduce interest rates. He compared the behaviour of the microfinance institutions to that of moneylenders. Read more here.

March 21, 2013

Microfinance software provider Mambu secures US$2 million Series A funding to expand globally

Berlin based company, Mambu has received US$2 million in funding from Runa Capital and Point Nine Capital. This fund will be used to establish a global presence and expand its team of developers. So far, Mambu has enabled over 70 MFIs in 20 countries. Read more here.

March 21, 2013

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 21, 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 21, 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 21, 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 21, 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 21, 2013

India: The new budget to further the cause of low cost houses

The Government, in its upcoming budget, is also going to include new incentives for low cost houses, given the growing middle class ‘hunger for homes’ in the country. Read more here.