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: microfinance institutions
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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
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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
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