Unitus Microfinance Partner Grameen Koota Improves the Lives of 100,000 of India’s Working Poor Bangalore-based Microfinance Institution Achieves Rapid Growth with Support from Unitus Redmond, WA—April 10, 2007— Grameen Koota, a Unitus microfinance institution partner in India, today announced that it is now providing life-changing financial services to more than 100,000 of India’s working poor.… Read more >
Tag: india
Suddenly it is Sexy to Fund the Poor (SKS)
April 7, 2007 – Media Exposure
Great ideas often spawn in the most terrible circumstances. One such idea is microfinance, often credited to last year’s Nobel prize winner Mohammad Yunus, who founded the immensely successful Grameen Bank of Bangladesh. Yunus began by giving a micro-loan of $27 to 42 impoverished families after witnessing the horrors of the great Bengal famine. But… Read more >
SKS Makes Microfinancing Easier
March 29, 2007 – Media Exposure
Mumbai: Six lakh women borrowers spread across more than 7, 000 villages in 11 states of India have Vikram Akula’s SKS Microfanance to thank for a new life. SKS is now one of the fastest growing Microfinance institutions in the world.The company grew by 160 per cent with a 99 per cent on-time repayment rate… 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
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 >
Unitus Announces Equity Investment in SKS Microfinance
March 28, 2006 – Press Release
Unitus today announced the Unitus Equity Fund (UEF) and the first-ever UEF investment, a $470,000 investment in Unitus MFI partner SKS Microfinance. The UEF completed a $8.5 million first-round investment close of a $20 million total fund on March 15, 2006. Vinod Khosla Leads Historic Rs. 11 crores ($2.5 million) Investment in SKS Microfinance Largest… Read more >