DripFin

DripFin means Drip Finance ala Drip Irrigation (i.e. small scientific value added productive measures)

Archive for September, 2010

Stretching the Fabric of MFI Networks – Monitor Report

Here

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Sep 2010 CGAP Report on Financial Inclusion Trends around the World

Here

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

Link here FINMIN RBI NABARD on BANK LENDING TO MFIs

Key Takeaways:

  1.  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%.
  2. 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. 
  3. 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)

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

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