Reports suggest that some microfinance institutions (MFIs) like Cashpor and Utkarsh are successfully meeting the financial service needs of rural areas in north India, especially Bihar and Uttar Pradesh. Some reports suggest that in the next few years, people in Eastern Uttar Pradesh and Northern Bihar will have
Tag: MFIs
Post
Post
Microfinance firms raise funds
Several microfinance institutions (MFIs) in the country have raised capital during 2012 because of expectation of better growth prospects in the coming years. For example, Grameen Capital India, a social-investment bank, says $144 m of equity has been injected into microfinance groups in the past 12 months, mor
Post
MFIs asked to charge rates in sync with borrower ability
Prime Minister's Economic Advisory Council Chairman C Rangarajan suggested micro finance institutions (MFIs) to charge interest rates according to the repayment ability of borrowers. He remarked that fixing the interest rate independent of the repaying capacity of the borrower is asking for disas
Post
Ramesh finds fault at microfinance model
Union Rural Development Minister Jairam Ramesh remarked that it is not possible to alleviate poverty through microfinance institutions (MFIs). In his valedictory address at the recently held Micro finance summit, the minister said one should be somehow more modest in the expectation of micro-finance and micro-finance institutions. To think that we are g
- 1
- 2