Daily Archives | Andhra Pradesh
India: MF Industry Confident for Recovery
February 17th, 2012
READ MOREIn 2010 India microfinance industry suffered the deepest crisis in its history. Fifteen months after, major players appear to be optimistic for a revival in 2012. There are positive developments including the Microfinance Bill and an easing of liquidity crunch. …
Indian Microfinance Registers Positive Growth
December 19th, 2011
READ MOREAfter the crisis in Andhra Pradesh most analysts were skeptical regarding the future on microfinance in India. One year after, the sector looks healthy. Last Monday at the Microfinance Indian Summit the document Microfinance India – State of the Sector …
Credit Crunch Continues in India
November 10th, 2011
READ MOREIn India banks are hesitant to lend and microfinance institutions may continue facing a credit crunch. After the Andhra Pradesh crisis Government put in place a new regulation in October last year and banks stopped lending microfinance institutions. There is …
SKS Microloans Loses its Two Major Investors
October 20th, 2011
READ MORELast Tuesday SKS, one of the leading microlenders in India lost two of its major investors: Quantum Ltd. (owned by George Soros) and ICP Holdings. According to the press, the move is a direct consequence of the crisis that hit …
India: MFIs Need Fresh Lending
October 12th, 2011
READ MOREAs we know, India’s microfinance industry has declined after the restrictions imposed by authorities in Andhra Pradesh. The new regulations have forced the industry to shrink in size. To solve this problem the Microfinance Institutions Network (MFIN) that represents 85% …
The First Microfinance Bank Starts Operations
October 10th, 2011
READ MOREIn several notes we have mentioned the plans for opening microfinance-based banks in India in the aftermath of Andhra Pradesh and control this way the risks of suffering a new crisis. On September a bank of this type was inaugurated …
Andhra Pradesh vs. Inefficient Microlenders
October 3rd, 2011
READ MOREReddy Subramaniam is the principal secretary of Andhra Pradesh. He participated in the creation of the new laws that protect borrowers from the abuses of greedy microlenders. Now the state government is launching an apex cooperative society to give loans …
Microfinance India Summit 2011
September 21st, 2011
READ MOREThe yearly summit held in India is one of the most important events in the agenda of the microfinance sector. This year, after the turmoil in Andhra Pradesh will be even more significant, not only for the local institutions but …
India: The Return of Investors to MFI
September 19th, 2011
READ MOREAfter the crisis in Andhra Pradesh, some analysts believed that microfinances had come to an end. Nevertheless the Indian market is showing clear signs of recovery. According to Ashish K. Tiwari, journalist of Daily News Analysis, in the last few …
The First MF Bank Starts Operations
September 15th, 2011
READ MOREThe crisis in Andhra Pradesh has brought new ideas. From September 15th the poor women of that city will be able to access to a microcredit in 48 hours, with an interest rate of 13%. “Stree Nidi”, a new microfinance …