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Microfinance updates from Microcapital.org
Here are two stories from Microcapital.org on the MFI space in India:
Here are two stories from Microcapital.org on the MFI space in India:
Back in September of 2008, I wrote a piece titled on On Bailouts, Boons and Bill Clinton that attempted to explain how the onset of the credit crisis will affect the microfinance industry and as a result restrict the poor from…
We have written about microinsurance before, including SKS’s Vikram Akula’s decision to develop a product for his customers. Now, Bajaj-Allianz and CARE India will be developing a product of their own. In an interesting partnership between the charity and a commercial…
The ThinkChange India staff is committed to providing our readers with interviews with people we believe are at the brink of something special but have for the most part been overlooked by the mainstream media. Readers will be able to see…
One of the most recognizable names in Indian microfinance has decided to step down from his role as CEO. Vikram Akula, the visionary founder and leader of SKS Microfinance will step down.
Mr. Akula says that this change will allow him…
The company has given its old black-and-white passbook a colourful facelift, using glossy paper, at once reaching out to its depositors and opening up a new revenue stream — through advertisements.
And with that simple modification, SKS Microfinance’s leader Vikram…
Partnering with Career Launcher, SKS Microfinance will be opening 10 school in Nalgonda, Khammam, Rangareddy and Medak districts of Andhra Pradesh that will be English medium institutions for primary school education.
The SKS-CL Academy, in the pilot phase, will provide primary education…
The composition of the microfinance sector is becoming increasingly hybridized, as microfinance institutions (MFIs) morph into profit-making entities, and global financial institutions such as Citigroup, Inc. or HSBC Holdings become (unintended) vectors of poverty alleviation (refer to “Global Financial Institutions…
The Economic Times reports that SKS is planning to infuse Rs. 130 crores additional equity into the company to support its aggressive expansion plans [via Microcapital]. Here is the quote from the story:
“Our investors will infuse Rs 130 crore later this…
In a recent interview with IndiaKnowledge@Wharton, Vikram Akula of SKS Microfinance touted mobile banking (conventionally used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone) as the future of microfinance, but cited India’s…