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60 Decibels Global Microfinance Index reveals new findings in landmark 2023 report based on 32,000 customer interviews and 1M+ unique data points

60 Decibels Global Microfinance Index reveals new findings in landmark 2023 report based on 32,000 customer interviews and 1M+ unique data points
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

London , City-of , United-kingdom , United-states , Cambodia , America , Nitesh-kumar-sinha , Sasha-dichter , Robin-grainger , Vision-fund-international , International-solidarity-for-development , Temasek

MICROCAPITAL BRIEF: 60 Decibels Microfinance Index Data from 32 Countries Indicates Higher Confidence Among Group Borrowers, Greatest Debt Burden in Cambodia

MICROCAPITAL BRIEF: 60 Decibels Microfinance Index Data from 32 Countries Indicates Higher Confidence Among Group Borrowers, Greatest Debt Burden in Cambodia
microcapital.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from microcapital.org Daily Mail and Mail on Sunday newspapers.

Kenya , Cambodia , Nigeria , Zambia , India , United-kingdom , Anaya-jhaveri , Mercy-households-improvement-initiative-of-nigeria , Microloan-foundation-zambia , Kenya-women-microfinance-bank , Microfinance-index , Southeast-asia

MICROCAPITAL BRIEF: Svasti of India Raises $5m via Impact Investment Exchange (IIX) Women's Livelihood Bond Issue

MICROCAPITAL BRIEF: Svasti of India Raises $5m via Impact Investment Exchange (IIX) Women's Livelihood Bond Issue
microcapital.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from microcapital.org Daily Mail and Mail on Sunday newspapers.

India , Singapore , Impact-investment-exchange , Orange-bond-initiative , Singapore-exchange , Svasti-microfinance , Livelihood-bond , Bond-initiative , Global-south , Vaughn-rajah , Microcapital-monitor

Svasti Microfinance raises USD 5 Million from IIX's Women's Livelihood Bond 5, the World's First Orange Bond issuance

Mumbai (Maharashtra) [India], March 6 (ANI/PRNewswire): Mumbai-based Svasti Microfinance Private Limited (Svasti) has received US$ 5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange (IIX)'s Women's Livelihood Bond 5 (WLB5). WLB5 is the fifth issuance under IIX's Women's Livelihood Bond (WLB) Series, which is the world's first gender-lens bond compliant with International Capital Markets Association and listed on a stock exchange. Through five successful bond issuances, the WLB Series has mobilized over US$ 128 million - leading to improved livelihoods and economic resilience for more than 1.3 million women across Asia-Pacific and Africa. The proceeds of this 4-year Non-Convertible Debenture will go toward empowering women through income-generating activities and promoting sustainable livelihoods. IIX recently launched the Orange Bond Initiative, which is the world's first asset class built by and for the Global South and the 99% as a solution to financing gender equality. The Initiative's mission is to empower ~100 million women and girls worldwide through unlocking US$10 billion by 2030. Svasti is proud to be a part of this ground-breaking initiative, and this multi-continent and multi-sector portfolio focused on financing women-centric initiatives. Arunkumar Padmanabhan, Co-Founder and CEO, Svasti Microfinance said, "We are delighted that we are a part of the World's First Orange Bond issuance. This will support our vision and mission to fulfil the right to finance and help transform the lives of 100 lakh women by 2030. This will add to the 3.5 lakh plus women who we have currently financed across eight states in India and are helping strengthen their economic resilience and self-reliance." Bhagavathi Subramaniam Narayanan, Co-Founder and CFO, Svasti Microfinance added, "As a signatory to the Orange Bond Pledge, we acknowledge the urgency in accelerating gender equality and reiterate our commitment to the Orange Bond's mission and objectives to help build a gender empower financing system, mobilize capital for women's empowerment, and to fast track gender equality." Svasti, an RBI licensed NBFC-MFI, has a mission to fulfill the right to finance for women, as women not only are the significant members of each household, but they are also among the countless millions who contribute to the economy of India. Svasti's mission is to fulfill this right to finance of women with a host of financial services and knowledge, that will help transform their lives. Svasti was co-founded by Arunkumar Padmanabhan and Narayanan Subramaniam in 2010, with the objective of bringing their extensive experience in banking, finance, and technology development into the consumer finance sector, and transform the lives of women, especially those who do not have any collateral to support their bids for finance, thus bringing about a positive change in society. Svasti as on 15th Feb, 2023 serves 3,64,488 customers across 140 branches spread over 8 states, aggregating a loan portfolio of around INR 8.7 billion and a best in the industry collection efficiency in excess of 99% and low NPAs. Svasti has been certified as a Great Place to Work, four years in a row. Svasti has integrated globally recognised Environmental, Social and Governance (ESG) frameworks into its business operations, enabling it to deliver sustainable growth ensuring the well-being of its customers as well as its employees. This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

India , Mumbai , Maharashtra , Arunkumar-padmanabhan , Narayanan-subramaniam , Bhagavathi-subramaniam-narayanan , International-capital-markets-association , Svasti-microfinance-private-limited , Impact-investment-exchange , Orange-bond-initiative , Mumbai-based-svasti-microfinance-private-limited , Non-convertible-debentures

Svasti Microfinance raises USD 5 Million from IIX's Women's Livelihood Bond 5, the World's First Orange Bond issuance - PRN India News

Svasti Microfinance raises USD 5 Million from IIX's Women's Livelihood Bond 5, the World's First Orange Bond issuance - PRN India News
webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.

India , Mumbai , Maharashtra , Arunkumar-padmanabhan , Narayanan-subramaniam , Bhagavathi-subramaniam-narayanan , International-capital-markets-association , Impact-investment-exchange , Prnewswire-svasti-microfinance-private-limited , Orange-bond-initiative , Svasti-microfinance-private-limited , Non-convertible-debentures

Affirma Capital to lead $47m investment round in Indian NBFC Belstar Microfinance

PE firm Affirma Capital has agreeed to lead a Rs 350 crore ($47 million) funding in Indian NBFC firm Belstar Microfinance.

Japan , India , Denmark , Singapore , Danish , George-alexander-muthoot , Vijay-nallan-chakravarthi , Muthoot-group-for-rs , Maj-invest-financial-inclusion-fund , Mahindra-financial-services , Prodapt-solutions , Securities-exchange-board-of-india

Svasti Microfinance: Svasti Microfinance bags Rs 31 cr from Poonawalla, others

Kolkata: Svasti Microfinance raised Rs 31 crore from India’s vaccine billionaire Adar Poonawalla and other existing investors Nordic Microfinance Initiative (NMI) and the Rajiv Dadlani Group. The lender plans to expand equity by another Rs 150 crore by the end of FY22, its senior executives told ET.
“We have reached a point of inflexion in our growth path. Our operations are fully digitized now, which would help us scale up comfortably,” chief executive Arunkumar Padmanabhan said.
He said that the company is eyeing Rs 150 crore of fresh equity in the third or fourth quarter of the next fiscal, keeping a medium term growth strategy in mind. The process of engaging investors has already begun.

Kolkata , West-bengal , India , Madhya-pradesh , Uttar-pradesh , Mumbai , Maharashtra , Sajid-fazalbhoy , Narayanan-subramanian , Arunkumar-padmanabhan , Adar-poonawalla , Nordic-microfinance-initiative

Svasti Microfinance raises ₹31 crore from internal investors

It plans to raise around ₹150 crore of equity in FY 2022 to fund growth plans

Free-trial , Hindu-businessline , Fira-sans , Svasti-microfinance , Fundraising , Microfinance-institution , Mfi , இலவசம்-சோதனை , பீற-சான்ஸ் , ஸ்வஸ்தி-நுண்நிதி , நிதி-திரட்டல்

India's Svasti Microfinance secures $4.2m from Adar Poonawalla, others

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India , Arunkumar-padmanabhan , Arthur-sletteberg , Adar-poonawalla , Narayanan-subramaniam , Nordic-microfinance-initiative , Rajiv-dadlani-group , Serum-institute-of-india , Svasti-microfinance , Serum-institute , இந்தியா , அருன் குமார்-பத்மநாபன்

Adar Poonawalla-backed Svasti Microfinance to raise Rs 150 crore

Svasti Microfinance, a start-up backed by Serum Institute of India Chief Executive Adar Poonawalla, is in talks to raise Rs 150 crore in the next financial year, said a company executive.
This is likely to conclude by the third quarter of FY22, said Arunkumar Padmanabhan, co-founder of Svasti Microfinance. The company, which supports women micro entrepreneurs thorough collateral-free loans, is in talks with both India and foreign investors to raise this round, Padmanabhan said.
The Reserve Bank of India-licensed firm has just raised Rs 31 crore from its existing investors Poonawalla, Nordic Microfinance Initiative, and Rajiv Dadlani Group.

India , Tamil-nadu , Arunkumar-padmanabhan , Adar-poonawalla , Narayanan-subramaniam , Rajiv-dadlani-group , Svasti-microfinance , Serum-institute , Chief-executive-adar-poonawalla , Svasti-micro , Reserve-bank , Nordic-micro