Page 10 - Microfinance

Avaada Energy gets $15 mn funding from French finance institution Proparco

In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter

No cash, all digital: Vaya Finserv's strategy for microfinance game

Vikram Akula is the non-executive chairperson and co-promoter of the company

Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates

The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions

Microfinance recovers from Andhra nightmare

The future holds out both threat and opportunity. New banking licences which are going to be issued can help microfinance institutions to pursue sustainable growth. But chit funds and ponzi schemes need to be reined in

Cloud of farm loan waiver looms over stocks in microfinance sector

Stocks are under pressure despite improving collection efficiency

India's microfinance loan portfolio grew by 9% to Rs 631 bn in Q3: Report

As of September 2018, total client outreach of the sector was 29.9 million

Microfinance sector registers a growth of around 39% in loan portfolio

Cashless disbursements by NBFC-MFIs now account for 87% of the total disbursements

Demonetisation effect: Microfinance NPAs remain elevated in many states

Another cause can be traced to the loan waivers announced by these state governments

Brokerages see opportunity in select microfinance players

While loan collection efficiency has improved, stock valuations are at reasonable levels

Note ban crimps MFIs' securitisation by 21% in FY17

Last year MFI securitisation volumes had increased 80 per cent to around Rs 9,000 crore

Small loans, big impact: Microfinance now big business at banks

High margins and volumes are two reasons why banks are exploring the market in thrift credit

Hit by currency purge, MFIs to go cashless

Almost all of the proposed small finance banks are expected to be launched in the next quarter

Achal Investments to offer shares at Rs 42 each

The proceed will be utilised for the company's expansion plans, joint ventures and potential acquisitions

Microfinance industry sees 29% rise in loan disbursements in Q1

MFIN report also said that the industry has experienced a growth of 89 per cent since first quarter of the FY 2015-16

Microfinance grows in loan size and urban footprint: EY report

Combined GLP grew 84% to Rs 53,200 crore in FY16 from Rs 28,900 crore in the previous year

Microfinance portfolio grew 84% in FY15

Microfinance firms were able to increase their portfolio substantially, even as one of the biggest micro-lender Bandhan was elevated to a bank