Microfinance In India
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Man Dies By Suicide After "Harassment" By Microfinance Companies In Karnataka
A 42-year-old man died by suicide in this district following 'harassment' by microfinance companies, police said on Monday.
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Woman Dies By Suicide After Alleged Harassment By Microfinance Company Employees
A woman in Giridih district of Jharkhand allegedly died by suicide on Monday due to continuous harassment by employees of a microfinance company.
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Nobel Laureate Muhammad Yunus To Lead Bangladesh's Army-Backed Interim Government
Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.
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Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
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Assam Law Soon To End Doorstep Harassment By Microfinance Lenders
The Assam government is all set to bring in a law that will prevent agents of microfinance firms to show up at the homes of borrowers to recover loans, Finance Minister Himanta Biswa Sarma said on Wednesday.
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To Check Employee Details, Bureau Launched For Those Working In This Sector
Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.
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As PM Modi's Loan Scheme Stutters, A Bid To Pull Up Socks
A group of fruit sellers, mechanics, barbers and cobblers will line up today for a "Credit Mela" or fair in west Delhi, where they will receive envelopes from Finance Minister Arun Jaitley.
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CBI Raids Microfinance Company, Files Chargesheet in Saradha Case
The CBI today conducted raids on several locations of Suraha Micro Finance (Sunmarg), a Bengal-based deposit-seeking firm, in connection with the multi-crore chit fund scams running across West Bengal, Assam and Odisha.
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He Trumped Anil Ambani in India's Race to Change Banking
Chandra Shekhar Ghosh is a man in a hurry since he beat India's financial titans to win a prized banking licence for his microfinance firm that lends to poor borrowers.
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Kiva, the website famous for $25 loans, enters India
The world's first and largest micro-lending platform, Kiva, is now in India.
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Microfinance institutions to shut shop?
The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in...
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Orissa: Loans driving farmers to suicide
In 2009, 43 farmers in Orissa committed suicide. They were all small farmers who couldn't access institutional loan and had to borrow from microfinance NGOs at an exorbitant rate of interest.
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Man Dies By Suicide After "Harassment" By Microfinance Companies In Karnataka
A 42-year-old man died by suicide in this district following 'harassment' by microfinance companies, police said on Monday.
-
Woman Dies By Suicide After Alleged Harassment By Microfinance Company Employees
A woman in Giridih district of Jharkhand allegedly died by suicide on Monday due to continuous harassment by employees of a microfinance company.
-
Nobel Laureate Muhammad Yunus To Lead Bangladesh's Army-Backed Interim Government
Bangladesh's Nobel-winning microfinance pioneer Muhammad Yunus has been named the head of the military-backed interim government after the ouster of Sheikh Hasina amid massive protests.
-
Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out
Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI
-
Assam Law Soon To End Doorstep Harassment By Microfinance Lenders
The Assam government is all set to bring in a law that will prevent agents of microfinance firms to show up at the homes of borrowers to recover loans, Finance Minister Himanta Biswa Sarma said on Wednesday.
-
To Check Employee Details, Bureau Launched For Those Working In This Sector
Microfinance Institutions Network, in association with Equifax, launched an employee bureau for the microfinance sector on Tuesday.
-
As PM Modi's Loan Scheme Stutters, A Bid To Pull Up Socks
A group of fruit sellers, mechanics, barbers and cobblers will line up today for a "Credit Mela" or fair in west Delhi, where they will receive envelopes from Finance Minister Arun Jaitley.
-
CBI Raids Microfinance Company, Files Chargesheet in Saradha Case
The CBI today conducted raids on several locations of Suraha Micro Finance (Sunmarg), a Bengal-based deposit-seeking firm, in connection with the multi-crore chit fund scams running across West Bengal, Assam and Odisha.
-
He Trumped Anil Ambani in India's Race to Change Banking
Chandra Shekhar Ghosh is a man in a hurry since he beat India's financial titans to win a prized banking licence for his microfinance firm that lends to poor borrowers.
-
Kiva, the website famous for $25 loans, enters India
The world's first and largest micro-lending platform, Kiva, is now in India.
-
Microfinance institutions to shut shop?
The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in...
-
Orissa: Loans driving farmers to suicide
In 2009, 43 farmers in Orissa committed suicide. They were all small farmers who couldn't access institutional loan and had to borrow from microfinance NGOs at an exorbitant rate of interest.
