Tag: Ujjivan

Unitus, Inc. announces funding for four microfinance innovations projects

May 1, 2011 Update

Unitus, Inc. has provided $227,000 to fund four innovative microfinance pilot projects at leading India MFIs As part of Unitus Inc.’s commitment to fulfill existing Microfinance Acceleration commitments, we are pleased to announce USD$227,000 funding of four innovation projects at leading India microfinance institutions (MFIs). We believe that these initiatives will help improve microfinance operations by creating robust… Read more >

Interview with Samit Ghosh, Microfinance Innovator

February 1, 2010 Update

Ujjivan, a Unitus partner since 2006, is an MFI providing financial services to the economically active urban and semi-urban poor in India. Since their launch in November 2005, they’ve reached more than 550,000 clients with a diverse range of financial products and services. In October 2009, Unitus sat down with Mr. Samit Ghosh, founder and… Read more >

Ujjivan Joins as First Partner in SMPIP

November 5, 2009 Press Release

India’s Ujjivan Announced as First MFI Partner for Unitus’s Social Performance Management Implementation Project Partnership provides expertise, resources necessary to integrate SPM tools into Ujjivan operations BANGALORE & SEATTLE, 5 November 2009 — In its continuing efforts to improve the effectiveness of life-changing microfinance services, Unitus Labs. is proud to announce that India’s Ujjivan has been… Read more >

Ujjivan Raises $19 Million of Equity Capital

November 21, 2008 Media Exposure

Ujjivan Financial Services, a Bangalore, India-based microfinance institution, is pleased to announce the successful completion of the fourth round of equity infusion. Originally planned for USD 15 million, the equity round was over-subscribed and increased to USD 19 million. The incremental capital was largely subscribed by existing shareholders, including Unitus Equity Fund (UEF), managed by… Read more >

Funding the Poor Man’s Dream (Ujjivan)

November 13, 2008 Media Exposure

Sales are brisk at the cigarette stall of Ram Naresh Gupta. His daily income hovers around Rs 800, for he is strategically located near one of the exits of Delhi’s chaotic Azadpur wholesale market. On a recent trip to his village in Gorakhpur, UP, a co-passenger robbed him of his considerable savings of Rs 1 lakh… Read more >

Congratulations to Ujjivan!

August 1, 2008 Update

On July 8, Unitus partner Ujjivan crossed the 100,000-client threshold, a major accomplishment. Headed by CEO Samit Ghosh, the organization reached the milestone in just 982 days. Ujjivan launched the first of its pilot programs in November 2005 in Bangalore, India, and currently operates 68 branches centered around Bangalore, Kolkata, and New Delhi. A Unitus… Read more >

Metro Microfinance Pioneers (Ujjivan)

June 21, 2007 Media Exposure

With a few prominent exceptions (including SEWA in Ahmedabad) microfinance institutions in India have targeted the rural poor. The urban poor were thought to be too mobile and lacking in neighbourly affinity and cohesion to ever generate the peer-group pressure on which unsecured lending to borrowers organised in joint-liability groups depends. However, all that is… Read more >

B’lore Reaches Out to its Urban Poor – CNN-IBN (Ujjivan)

November 6, 2006 Media Exposure

Bangalore: Ujjivan Chief Executive, Samit Ghosh is of the opinion that when you give money to a woman, the majority of it will be spent on the family, whereas if you give it to a man, chances are that it will go to alcohol. This seems to the mantra behind every micro finance organisation. But… Read more >

B’lore Reaches Out to its Urban Poor – CNN Video (Ujjivan)

November 6, 2006 Media Exposure

Watch video here Tags: india, Ujjivan More

Unitus & MSDF Invest in Microfinance

May 18, 2006 Press Release

Unitus and Michael and Susan Dell Foundation Invest in Microfinance in India Ujjivan partnership to provide microfinance to 600,000 clients by 2011       Redmond, Wash. (PRWEB) May 18, 2006 — Unitus Equity Fund, L.P. (UEF), a private equity fund formed by Unitus, a nonprofit organization which creates innovative solutions to global poverty, and… Read more >