
Microfinance Industry Newswire
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Published on 17:36 GMTSource: Deccan Herald - Uncategorized
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Published on 17:14 GMT
Karnataka government sends microfinance ordinance back to Governor with explanations
The Karnataka government on Monday said it has re-sent the ordinance aimed at protecting borrowers from harassment by microfinance institutions (MFIs) to the Governor once again for his assent, along with the explanations he had sought. Governor …
Source: The Economic Times - Center-right -
Published on Feb 9, 2025
Accion Microfinance Bank Achieves Triple ISO Certifications
Sunday Ehigiator Accion Microfinance Bank has announced its achievement of three ISO certifications, ISO 20000-1:2018 (IT Service Management System), ISO 27001:2022 (Information Security, Cybersecurity & Privacy Protection), and ISO 22301:2019 ( …
Source: This Day - Pro-Government -
Published on Feb 9, 2025
Public shaming practices by microfinance firms triggering a suicide crisis in Karnataka
Rising suicides in Karnataka linked to harsh recovery tactics by microfinance institutions have brought attention to aggressive methods used to recover loans. Public shaming and coercion, particularly among women self-help groups, have led to severe …
Source: The Times of India - Center-right -
Published on Feb 9, 2025
Day after governor rejection, Karnataka government says it'll tweak and send back microfinance ordinance
Source: The Times of India - Center-right -
Published on Feb 8, 2025
Karnataka ministers respond to Governor's remark on microfinance ordinance
Karnataka Home Minister G Parameshwara announced that the state government would address the Governor Thaawarchand Gehlot’s concerns and resubmit the Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025 for assent. The ordinance, aimed …
Source: India Today - Neutral -
Published on Feb 8, 2025
Governor Gehlot rejects Karnataka's microfinance ordinance, citing injustice to lenders
Governor Thaawarchand Gehlot on Friday rejected Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025, stating that in its current form, the lenders, who are also part of the society, are being done a great injustice. Siddaramaiah-led …
Source: CNBC-TV18 - Center-left -
Published on Feb 8, 2025
Governor rejects ordinance aimed to tackle microfinance menace
IANS / Updated: Feb 8, 2025, 06:00 IST Karnataka Governor Thaawarchand Gehlot has rejected the ordinance promulgated by the Congress-led government to tackle the Microfinancing Institutions’ (MFIs) menace. Confirming the development, the Chief Minister …
Source: Bangalore Mirror - Uncategorized -
Published on Feb 8, 2025
Karnataka Governor Thawar Chand Gehlot returns microfinance ordinance, seeks clarifications on key provisions
Bengaluru: In a significant development, Karnataka Governor Thawar Chand Gehlot has returned the draft ordinance aimed at curbing harassment from microfinance institutions due to concerns regarding its provisions. The ordinance, titled the Karnataka …
Source: Organiser Weekly - Label Pending -
Published on Feb 8, 2025
Scandal at Obioma Microfinance: MD accused of ₦328M fund diversion
By Akin Kuponiyi The trial of Chukwuemeka Emeri, the Managing Director of Obioma Microfinance Bank (MFB), accused of financial misconduct involving ₦328.15 million, has been adjourned to March 11, 2025, for continuation. Emeri is facing charges alongside …
Source: PM News - Uncategorized -
Published on Feb 8, 2025
Microcredit as an instrument of the international financial system and alternatives
At the CADTM South Asia workshop in Colombo, which took place from Thursday 30 January to Saturday 1 February, Omar Aziki delivered a critical analysis of microcredit. He showed how this tool is an instrument of capitalist and patriarchal domination. Read …
Source: CADTM - Left-wing -
Published on Feb 8, 2025
Governor returns microfinance Ordinance, says existing laws can be used to curb harassment
Governor Thaawarchand Gehlot | Photo Credit: MURALI KUMAR K Flagging problem areas in the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, Governor Thaawarchand Gehlot on Friday returned it to the State government …
Source: The Hindu - Center-left -
Published on Feb 7, 2025
Karnataka | Governor rejects microfinance ordinance proposed by govt
Bengaluru, Feb 7 (PTI) Governor Thaawarchand Gehlot on Friday rejected Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025 that the Siddaramaiah-led Congress government had proposed to regulate microfinance. According to the Chief …
Source: The Federal - Label Pending -
Published on Feb 7, 2025
Experts share insights on microfinance and poverty alleviation
Kampala, Uganda | THE INDEPENDENT | While microfinance institutions are a vital source of credit for many businesses, experts are stressing the need for financial literacy to truly empower entrepreneurs and break the cycle of poverty. Jane Nalunga, …
Source: Independent (Uganda) - Center-left -
Published on Feb 7, 2025
'Too Harsh': Karnataka Governor Rejects Microfinance Ordinance That Called For 10-Year Jail, Rs 5 Lakh Fine
Last Updated:February 07, 2025, 15:27 IST Governor Thawarchand Gehlot also pointed out that existing laws could have been used by the police to address the issue. He maintained that the ordinance could negatively impact microfinancing and ultimately hurt …
Source: News18 - Center-right -
Published on Feb 7, 2025
Karnataka Governor Returns Anti-Harassment Microfinance Ordinance, Citing Excessive Penalties
The Karnataka Governor has rejected the state government's proposed ordinance aimed at curbing aggressive microfinance loan recovery practices, expressing concerns over its stringent penalties and potential negative impact on the microfinance sector. …
Source: The Hans India - Neutral -
Published on Feb 7, 2025
Karnataka: Governor returns ordinance that seeks to curb menace of microfinance
Karnataka Governor Thawar Chand Gehlot, on Friday, returned the ordinance meant to curb harassment of borrowers by unruly microfinance companies, sent for approval by the Siddaramaiah government. The ordinance was promulgated by the state government …
Source: The Week - Center-left -
Published on Feb 7, 2025
Governor Thawarchand Gehlot rejects Karnataka government’s ordinance on regulating microfinance lending
Karnataka Governor Thawarchand Gehlot has returned the state Congress government’s proposed ordinance to regulate the functioning of microfinance institutions, with a direction to reconsider the proposed law.Gehlot has objected to the Karnataka Micro Loan …
Source: The Indian Express - Center-left -
Published on Feb 7, 2025
Karnataka Governor returns state's microfinance ordinance over harsh penalties
Karnataka Governor has sent back the state government’s ordinance aimed at cracking down on coercive microfinance loan recovery methods, citing concerns over the severity of punishments and its potential impact on the sector. Karnataka Micro Finance ( …
Source: India Today - Neutral
Featured Releases
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Published on February 5, 2025 - 06:30 GMT
Froda expands partnership with EIF – unlocking €150 million in first EU-wide microfinancing guarantee
STOCKHOLM, SWEDEN, February 5, 2025 /EINPresswire.com/ -- Froda, a leading provider in SME financing, has strengthened its collaboration with the European Investment Fund (EIF), by securing an additional lending capacity of €100 million. This …
Distribution channels: Business & Economy ... -
Published on October 29, 2024 - 13:27 GMT
Microfinance Market to Strengthen Its Position in Global Industry at 10.8% CAGR Forecast to 2030
Microfinance Market to Strengthen Its Position in Global Industry at 10.8% CAGR Forecast to 2030 NEW CASTLE, DE, UNITED STATES, October 29, 2024 /EINPresswire.com/ -- Microfinance is a type of financial service provided to people looking to lend …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
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Published on October 16, 2024 - 10:01 GMT
Saudi Arabia Microfinance Market to Generate $1.68 Billion by 2031
Saudi Arabia Microfinance Market to Generate $1.68 Billion by 2031 NEW CASTLE, DE, UNITED STATES, October 16, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the Saudi Arabia microfinance market garnered $ …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on October 10, 2024 - 18:18 GMT
Microfinance Global Market 2024 To Reach $330.98 Billion By 2028 At Rate Of 11.3%
Microfinance Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033 LONDON, GREATER LONDON, UNITED KINGDOM, October 10, 2024 /EINPresswire.com/ -- The microfinance market has expanded rapidly, from $193.85 billion in 2023 to $ …
Distribution channels: Banking, Finance & Investment Industry, Insurance Industry ...
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Published on September 20, 2024 - 07:00 GMT
PragmaGO enters Romanian market by acquiring 89% of Romanian factoring and microfinance Telecredit
BUCHAREST, ROMANIA, September 20, 2024 /EINPresswire.com/ -- PragmaGO, a leading non-bank provider of SME finance in CEE, known for its innovative technological solutions developed by internal software house (PragmaGO.tech) has started its …
Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ... -
Published on February 10, 2025 - 05:48 GMT
Navigating Growth: Car Insurance Aggregators Market to Reach $17.9 Billion by 2031 with 17.5% CAGR
Navigating Growth: Car Insurance Aggregators Market to Reach $17.9 Billion by 2031 with 17.5% CAGR NEW CASTLE, DE, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Car Insurance …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on September 6, 2024 - 14:35 GMT
MCC Banking Drives Sustainability and Financial Inclusion with New Digital Microcredit Solutions
The future of banking is being redefined by MCC Banking: accessible, responsible, and sustainable solutions for businesses and global communities. MADRID, SPAIN, September 6, 2024 /EINPresswire.com/ -- MCC Banking introduces a new era of …
Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ... -
Published on July 30, 2024 - 13:54 GMT
Online Microfinance Market Is Likely to Enjoy a Tremendous Growth | Kiva, Zidisha, Tala
Stay up to date with Online Microfinance Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. PUNE, MAHARASHTRA, INDIA, July 30, 2024 /EINPresswire.com/ -- According to HTF Market …
Distribution channels: Banking, Finance & Investment Industry ...
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Banking, Finance & Investment Industry Press Releases
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Published on February 10, 2025 - 21:40 GMT
Gulf Coast International Properties® Principal Timothy P. Savage Achieves Historic $43.1M Sale in Unprecedented Time
NAPLES, FL, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Gulf Coast International Properties® (GCIP) is proud to announce Principal Timothy P. Savage has sold 3035 Fort Charles Drive in Port Royal for a remarkable $43,100,000, …
Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ... -
Published on February 10, 2025 - 20:53 GMT
BLG Group Appoints Gus D. Sosebee as Senior Vice President – Trade Finance
NEW YORK, NY, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- A Strategic Move to Strengthen Global Trade Finance Operations in the US and South America BLG Group Appoints Gus D. Sosebee as Senior Vice President – Trade Finance New York, …
Distribution channels: Banking, Finance & Investment Industry ... -
Published on February 10, 2025 - 20:19 GMT
The Robo Report® Edition 34 Covering Fourth Quarter of 2024 and the 14th Edition of the Robo Ranking® Have Been Released
MARTINSVILLE, NJ, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- We are pleased to announce the publication of the 34th edition of The Robo Report®, covering the fourth quarter of 2024, as well as the 14th edition of The Robo Ranking®, …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 20:10 GMT
Liberland’s LLD Token Surges as World’s First Decentralized Autonomous Government Gains Traction
The surge in its native cryptocurrency, Liberland Dollar (LLD), reflects growing investor confidence in a new governance model powered by blockchain technology. LIBERLAND, SERBIA, February 10, 2025 /EINPresswire.com/ -- In a groundbreaking …
Distribution channels: Banking, Finance & Investment Industry, International Organizations ... -
Published on February 10, 2025 - 19:28 GMT
United States Association for Small Business & Entrepreneurship (USASBE) Announces Finalists for 2025 Excellence Awards
Entrepreneurship programs from across the country are competing for seven premier awards LAS VEGAS, NV, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- The United States Association for Small Business and Entrepreneurship (USASBE) …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 19:25 GMT
Elite World Hotels & Resorts Aims to Bring Turkish Hospitality to All Over the World
With 10 brands that appeal to different travel needs, Elite World invites investors to contribute to world tourism in the franchise business model. ISTANBUL, TURKEY, February 10, 2025 /EINPresswire.com/ -- Elite World Hotels & Resorts, one …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 18:55 GMT
Governor Gavin Newsom Today Announced Appointments
Governor Gavin Newsom Today Announced the Reappointment Of Adhitya “Adhi” Nagraj to the California Housing Partnership Corporation SACRAMENTO, CA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Adhitya “Adhi” Nagraj, of Oakland, has been …
Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ... -
Published on February 10, 2025 - 18:38 GMT
'Pennies' Are Not First USA Coin Denomination Discontinued Says Rare Coin Dealer Michael Fuljenz
Coin expert points out the U.S. previously stopped producing other low-denomination coins that outlived their usefulness BEAUMONT, TX, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- President Trump’s order to stop making “pennies” is not …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 18:26 GMT
ELEVATE set to launch its Business Accelerator & Mastermind Chapter in Beverly Hills on February 11, 2025
Join elite entrepreneurs & investors for the exclusive pre-launch of HNI & Business Accelerator Mastermind in Beverly Hills on Feb 11, 2025. BEVERLY HILLS, CA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- The highly anticipated …
Distribution channels: Banking, Finance & Investment Industry, Book Publishing Industry ... -
Published on February 10, 2025 - 18:19 GMT
Solving the AI Plateau of Frustration: CFTE designs programme to help professionals become Supercharged
CFTE has announced the launch of Supercharged Professionals, a self-paced AI learning programme designed to equip professionals with the skills needed to thrive LONDON, UNITED KINGDOM, February 10, 2025 /EINPresswire.com/ -- Designed and led by …
Distribution channels: Banking, Finance & Investment Industry, Education ... -
Published on February 10, 2025 - 18:02 GMT
GorillaTech™ Secures $2M to Empower SMBs with AI-Powered Fintech in the Trillion-Dollar Data Insights Market
LOS ANGELES, CA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Fintech innovator GorillaTech™ has secured $2 million in pre-seed funding to revolutionize financial solutions for SMBs. With XAiLES™ and the GorillaPay™ platform, the …
Distribution channels: Banking, Finance & Investment Industry ... -
Published on February 10, 2025 - 18:00 GMT
This Mortgage Option Helps Retirees Qualify Without Monthly Income: Power of Asset Depletion Mortgage
Retirees can qualify for home loans using their assets instead of income. Recognized by Fannie Mae, this option offers flexibility and competitive terms. LADERA RANCH, CA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- With an ever- …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 18:00 GMT
SPA Awarded Four Unrestricted Domains on OASIS+ Contract Vehicle
Prime Contractor Status Included in Awards ALEXANDRIA, VA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Systems Planning & Analysis (SPA), a leading global provider of advisory services in support of critical national security …
Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ... -
Published on February 10, 2025 - 17:49 GMT
Madison Insurance Group Proudly Supports the Tunnel to Towers Celebrity Golf Classic Hosted by Gary Player
Madison Insurance Group announces sponsorship and participation in the Celebrity Golf Classic Hosted by Gary Player, benefiting the Tunnel to Towers Foundation. SAN JUAN, PUERTO RICO, February 10, 2025 /EINPresswire.com/ -- Madison Insurance …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 17:13 GMT
LCR Capital Partners Unveils Premier EB-5 Hotel Development in Las Vegas
LCR Capital is excited to announce its latest EB-5 investment project, the AC by Marriott & Element by Westin Hotel, a dual-branded development in Las Vegas. WESTPORT, CT, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- LCR Capital …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 16:55 GMT
TravelingWiki Now Cited by CB Insights, Crunchbase & ZoomInfo; Cited on Bing re “Significant Impact” of TravelingWiki
TravelingWiki Now Cited For Financial News by CB Insights, Crunchbase & ZoomInfo; Cited on Microsoft Bing By 5 Sources re “Significant (TWiki) Impact” NEW ORLEANS, LA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- During a week of …
Distribution channels: Banking, Finance & Investment Industry, Business & Economy ... -
Published on February 10, 2025 - 16:46 GMT
CENTUM Financial Services LP Appoints Justin Noda as Director of Brokerage & Compliance
Experienced Industry Leader to Oversee National Brokerage Operations and Compliance VANCOUVER, BRITISH COLUMBIA, CANADA, February 10, 2025 /EINPresswire.com/ -- CENTUM Financial Services LP (CFS LP), the national brokerage subsidiary of Centum …
Distribution channels: Banking, Finance & Investment Industry ... -
Published on February 10, 2025 - 16:43 GMT
Commercial Restoration Company Continues Growth with New COO, William Wood
GREENWOOD VILLAGE, CO, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Commercial Restoration Company (CRC), a leading national provider of commercial restoration and reconstruction services, is pleased to announce the appointment of …
Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ... -
Published on February 10, 2025 - 16:36 GMT
Hoxton Wealth appoints Taylor Sallery as Commercial Director for the Americas as it targets significant US growth.
International financial advisory firm Hoxton Wealth - Americas has announced the appointment of Taylor Sallery as its new Commercial Director for the Americas. DUBAI, DUBAI, UNITED ARAB EMIRATES, February 10, 2025 /EINPresswire.com/ -- …
Distribution channels: Banking, Finance & Investment Industry ... -
Published on February 10, 2025 - 16:30 GMT
Boston Brand Research & Media Honors Industry Titans in the Prestigious 2024 Awards
Boston Brand Research & Media honors global industry titans at the 2024 Awards, spotlighting innovation, excellence & leadership across sectors. BOSTON, MA, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Boston Brand Research …
Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
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