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TC-I Fundwatch: Madura Micro Finance to get $4.52 million from Unitus

Posted by on 22 October, 2008 in Primary
4 Comments

Madura Micro Finance has received an investment by Unitus Equity Fund to ramp up their offerings to women self help groups (SHGs) in rural India.

Madura Micro Finance will use UEF’s funding to increase its management bandwidth and institutional capacity as well as continue to expand its customer base, which is comprised primarily of women.  The firm’s central financing product is a group loan to self help groups (SHGs) which are formed and trained through its partner organization, Microcredit Foundation of India. These SHGs undergo training in good financial practice and business skills before being considered eligible for MMFLs loans. Madura does not post to the MIX database. It reported USD 35 million in disbursements in 2007, and an SHG member base of 500,000.

[Source: Microcapital.org]


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Vinay Ganti

Vinay is in his fourth year of a four year JD/MBA program at the New York University School of Law and the Leonard B. Stern School of Business in New York City. Prior to coming to New York, Vinay graduated from Brown University, worked in technology transfer as a consultant and also founded a financial literacy program for underprivileged youth. Currently, Vinay is an InSITE Fellow for Venture Capital and Innovation. His primary interests are in the social venture capital investing space and its role in transforming micro-businesses into globally competitive SMEs. After school, Vinay wants to create novel ways to provide clean energy & water to the world’s poor.

4 Comments on “TC-I Fundwatch: Madura Micro Finance to get $4.52 million from Unitus”

  • thinkchangeindia
    22 October, 2008, 20:56

    BTW, I dont know if you knew this, but Prof. Marti from NYU Stern is on the board of Madura Microfinance!

  • Puneet Srivastava
    31 October, 2008, 2:58

    That’s indeed a very wonderful news.
    Good wishes to Mr. Naranayan and Team.

  • Anonymous
    24 October, 2009, 3:57

    Madura Micro Finance work is very good. I Wish to Mr.M.Narayanan and Team.
    All The Best to improve more performance.

  • kwiecien 25
    24 April, 2012, 20:53

    Generally I do not read post on blogs, but I would like to say that this write-up very forced me to try and do so! Your writing style has been surprised me. Thanks, very nice article.

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