All News and Announcements
Microfinance Institutions Network Launches TVC for Backing Low-Income Women Groups
The campaign tagline aims to communicate how the microfinance industry in India has all along been actively supportive of income-generating trade activity, by low-income financially excluded women across the country.
U GRO Capital’s Sectoral Approach Aids Multiple Sustainable Development Goals: Sattva Consulting Impact Assessment Study
This study would be one of India’s first such vendor social diligence undertaken by any Company, in hopes to encourage the entire lending ecosystem to measure, evaluate, and govern the impact performance for their customers.
IFC Makes Debt Investment in Microfinance Entity CreditAccess Grameen
The proceeds will be used towards expanding the company’s portfolio to female borrowers for income generation purposes, specifically in the low-income or rural areas of India.
Cost Rises for Micro Borrowers as RBI Deregulates Lending Rates
Certain lenders have revised their lending rates upward by as much as 400 basis points as they apply risk-based pricing to arrest the asset quality degradation and the loss they suffered in the last three years.
ADB and HSBC India Establish $ 100 M Guarantee Plan for Microcredit
The program will help women running small businesses and microfinance institutions lending after the pandemic.
In a First for India’s Fintech Ecosystem, Kaleidofin Announces Its Board Is Majority Women Led
Its seven-member board now comprises four women board members including Geeta Goel, Michael & Susan Dell Foundation, Suvalakshmi Chakraborti, Founder Finreach, Treasa Mathew, Omidyar Network, and Sucharita Mukherjee, Co-founder, Kaleidofin.
U GRO Capital Impact Financing Gets Endorsement From responsAbility
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.
Symbiotics Opens New Offices in Armenia and India
This new office in Yerevan, Armenia aims to strengthen Symbiotics' long-standing presence in the region and further support its growth.
Small Industries Development Bank of India Launches Second Window of Swavalamban Challenge Fund
The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.
India Now Ahead of China in Financial Inclusion Metrics: SBI Report
The report states that financial inclusion policies have a multiplier effect on economic growth.