DripFin

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

Archive for MFI’s

CASHPOR MICRO CREDIT BREAKS EVEN/POSTS SURPLUS

India’s most exemplar pureplay MFI Cashpor Micro Credit  has broken even for the FY ending March 2008.  

Vinod Khosla (Ex. Sun Microsystems/KPCB/Khosla Ventures) has invested in Cashpor Micro Credit

Cashpor Micro Credit provides micro loans at ~13% Flat to women living below/on the poverty line as defined by the stringent Cashpor Housing Index.

Had  lunch with Prof. David Gibbon, an almost iconic figure in the Microfinance Sector, a few days back where he detailed the route and the structural changes required in operations leading to a breaking even.  I wish them all the best and hope to see Cashpor Micro Credit scale higher.

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