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.
AFC Increases the Share of Energy Efficient Mortgage Loans in Armenia
More than 40 percent of the loan amount was allocated to energy efficient housing projects, i.e. purchase of new energy efficient apartments, as well as individual house constructions and renovations.
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.
Evocabank Raises $7.5 Million From Symbiotics
Attracted financial means will be directed towards the development of micro, small and medium-sized businesses in Armenia.
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.
AFC Experts Develop a Climate Impact Tool - A Decisive Step Towards Reducing CO2 Emissions in Armenia
The project allows for financing of various loan purposes, for example purchase of housing from primary and secondary markets, renovation, and single-family house construction.
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.