News Release (INDIANAPOLIS) A group of graduate marketing students at the Kelley School of Business Indianapolis share the excitement of city leaders today celebrating the planned opening of a new bank designed to help local residents rise from poverty. Grameen America—a global bank offering microloans to the impoverished to start businesses—recently... 

// From Business Standard Andhra Pradesh chief minister N Kiran Kumar Reddy has asked the bankers to enhance the credit flow to self-help groups (SHGs) to avert the adverse affects of lending by micro finance institutions. Addressing the state-level bankers committee (SLBC) meeting on Wednesday, the chief minister told them that the government... 

Inuka Community Interest Company Press Release Inuka Community Interest Company (CIC) has launched the first online microfinance portal dedicated to facilitating the provision of credit for female-owned businesses in sub-Saharan Africa. Inuka’s focus on facilitating credit for female-owned businesses arises from research that supports the fact... 

// By Blake Goud, The Islamic Globe The Islamic finance industry is not a new field for Karen Hunt-Ahmed, a professor at DePaul University in Chicago.  She spent years working in Dubai, and her involvement with Islamic finance began in 1992 and over the years, her interest in Islamic finance grew.  However, like many people watching the industry... 

// By Abdullah A. Dewan, Financial Express In last December, Prime Minister Sheikh Hasina, accused Professor Muhammad Yunus of treating Grameen Bank (GB) as his personal property and claimed the group was “sucking blood from the poor”. This article examines the premises of such a disparaging comment: Was it simply a self-fulfilling... 

// By Fred de Sam Lazaro, PBS Newshour New rules aimed at regulating India’s microfinance industry, whose spectacular growth and near collapse strongly echo the U.S. subprime mortgage crisis, are set to take effect April 1. Neighboring Bangladesh’s supreme court will also resume hearing an appeal from Muhammad Yunus on April 4. Yunus... 

// By Obinna Chima, Thisday Online The Central Bank of Nigeria (CBN) Tuesday said it would continue to churn out policies aimed at strengthening institutional and regulatory frameworks that would encourage financial inclusion of the unbanked population through more usage of electronic payment system. Director, Banking and Payments System Department,... 

By Hope Moses-Ashike, Businessday Online Altitude Microfinance Bank is one of the 121 micro finance banks (MFBs) granted provisional approval for new licence by the Central Bank of Nigeria (CBN). Sam Manilla, managing director of the bank, in this interview, tells Hope Moses-Ashike of the bank’s determination to emerge strong, after the re-verification... 

// From Anglican Mainstream The deputy governor of the Bank of Sudan welcomed the launch of Manna Microfinance in Juba on Tuesday March 29. “Why do we want to be independent?” he asked. “We want to organize our own administration, we want to develop ourselves and be part of the world of nations. “ “But to be independent we must be able... 

From Business Banking Review Microfinance International Corporation (MFIC) has entered into a strategic partnership with Banco Agrícola, a commercial and consumer bank in El Salvador, to jointly serve transnational families in El Salvador. The partnership will allow Salvadorians in the US to send money back home at a low cost. Salvadorians will...