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Information Services for Microfinance

SME Access to Finance: The Business Model Seems to Be the Issue

The SME Finance Forum Group on LinkedIn (over 1100 members) conducted a survey to get a sense of priorities in this sector.  The group was polled on four key subjects and the response was as follows: Policies and Regulations:   11% Business Models:  31% Impact on Jobs and Poverty:  11% Data: 15% This indicates a lesser concern about policies and regulation ... Read More »

IFC (World Bank Group) Establishes the SME Finance Forum

The SME Finance Forum (SMEFF) is a part of the G20’s Global Partnership for Financial Inclusion. SMEFF is a platform for sharing knowledge in small and medium enterprise finance, for promoting best practices, and for collecting data to help set standards in this field.   SMEFF has been created because improving financing for SMEs is critical for creating and sustaining jobs ... Read More »

India: Micro-finance Institutions (MFIs) Agree on Common Code of Conduct

Indian Micro-finance institutions under the auspices of Sa-Dhan (Association of Community Development), finance institutions and MFIN (Micro-finance Institutions Network) have released a code of conduct which would enable them to put up a joint front to promote and protect the industry. The code of conduct centers on the premise that MFIs seek to avoid the over-indebtedness of clients MFIs must ... Read More »

India Government to Launch Online Business Portal

The government of India will launch an online platform in November this year in order to provide information about Indian micro, small and medium enterprises (MSMEs) with the central aim of attracting foreign business partners. The National Small Industries Corporation (NSIC), which operates under the MSME Ministry, will be responsible for the development of the website. According to media reports, ... Read More »

Microfinance Under Attack

Important Facts:  In 2006 the founder of the Grameen Bank in India was hailed as an innovator for the poor and received a Nobel Prize for his work in developing what has been termed microfinance. Today that whole effort is under attack by governments and many advocates for the poor as it has started to look more like loan sharking ... Read More »

The Curse of Microfinance

India’s microfinance companies will set up a $221m emergency fund as the state, responding to public outcry over defaulter suicides, tightened regulations against them that froze bank financing.  An alarmed public and the Micro Finance industry ask the question:  Will this be the end of micro finance? Source: The Asian Banker It all began as an act of kindness.  Microfinance ... Read More »