DripFin

This blog has moved to Twitter @vibhuspeak

dripfin — Mon, 18 Jul 2011 12:26:34 +0000

@vibhuspeak

vibhuspeak@ social/patient/creative capital

dripfin — Fri, 15 Jul 2011 17:17:13 +0000

‘Patient/Creative/Social Capital’ – Fancy name for venture capital to cover up for goofy investment anticipated to generate below market returns.

vibhuspeak@ The Misnomer Social Entrepreneur is

dripfin — Fri, 15 Jul 2011 17:16:35 +0000

Social Entrepreneur is one big misnomer, meant to confuse investors and seduce donors: Every entrepreneur is social if they make returns (profits), generate employment and pay correct tax/levies to the government.

Kabsa – National Dish of Saudia Arabia

dripfin — Wed, 05 Jan 2011 10:21:09 +0000

Stretching the Fabric of MFI Networks – Monitor Report

dripfin — Wed, 22 Sep 2010 23:32:00 +0000

Here

Sep 2010 CGAP Report on Financial Inclusion Trends around the World

dripfin — Wed, 22 Sep 2010 16:29:45 +0000

Here

Reserve Bank of India/NABARD/Ministry of Finance on INDIAN MFIs/Bank Lending to MFIs

dripfin — Mon, 20 Sep 2010 23:45:07 +0000

Link here FINMIN RBI NABARD on BANK LENDING TO MFIs

Key Takeaways:

Ministry of Finance ( Govt of India): Has directed Public banks to monitor & ensure MFI APR’s (All inclusive interest rates i.e including membership fees, death fund, relief fund & the infamous “5%-10% Upfront non-interest bearing security deposit or margin” etc) within 22-24%.
Reserve Bank of India: Constituted a VK Sharma Committee Report to reevaluate MFI Lending qualifying for PSL. ET reports, qualification to go with a sunset clause.
NABARD: Submitted report to Govt & Clubs MFI’s with other expensive sources of credit

Who said this ?

Rating Upgrade: Cashpor Microfinance – South Asia’s Leading Community Development Finance Institution (MFI)

dripfin — Sun, 19 Sep 2010 23:53:21 +0000

A leading credit rating institution has upgraded the rating of Cashpor Micro Credit and moved it one notch ahead to the covated “α” (Alpha) on the basis of the company performance during the financial year 2010.

Snatch. – Must Watch

dripfin — Sun, 19 Sep 2010 17:52:49 +0000

Watched Guy Ritchie’s (Once married to Madonna) Snatch. Brilliant. Outstanding. Especially Brad Pitt as a Pikey and Jason Statham as Turkish.

Some memorable quotes here , here

RBI draft circular:PLR interest cap for Banks on sub Rs 2 Lakh loans stands withdrawn

dripfin — Mon, 15 Feb 2010 07:29:44 +0000

Banks cannot make a sub INR 200,000 (~ USD 4500) loan higher than its Prime Lending Rate ( varies, purely indicatively from 11% to 16% for most banks in India)

See point 5: Download here ANDC100210_F

If the Prime Lending rate cap is withdrawn, banks can make a loan sub INR 200,000 (~ USD 4500) to compete with other players catering to this segment.

Benefits: ALL, specially the end microcredit customer.