DripFin

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

Archive for Microfinance

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vibhuspeak@ social/patient/creative capital

‘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

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





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.