Tag: india

Unitus Capital raises $11.7 million for India MFI Satin

August 4, 2011 Media Exposure, Unitus Capital

Unitus Capital was the sole advisor to India MFI Satin Creditcare Network Limited in raising new equity and non-convertible debentures totally Rs 52 crore (about USD$ 11.7 million) earlier this year. This included Satin’s third round equity infusion of Rs 40 crore (~USD$ 9 million) from ShoreCap II Limited and Danish Microfinance Partners K/S (DMP) in… Read more >

Unitus, Inc. announces funding for four microfinance innovations projects

May 1, 2011 Unitus Labs, 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 >

Vindhya e-Infomedia raises PE capital from ACCION & MSDF

March 17, 2011 Press Release, Unitus Capital

Bangalore-based BPO Vindhya e-Infomedia (Vindhya) has successfully raised venture funding from two leading socially-committed investors, ACCION International and the Michael & Susan Dell Foundation. Unitus Capital was the sole advisor to Vindhya for the transaction. Vindhya’s customer base primarily comprises of info-tech and microfinance companies to whom the company offers data management and processing solutions… Read more >

Grameen Koota Raises Rs.35 Crores

February 24, 2011 Press Release, Unitus Capital

Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures Bengaluru, 24th February 2011: Bangalore-headquartered, Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 mn) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM)… Read more >

Ujjivan Raises Rs.40 Crores

January 5, 2011 Press Release, Unitus Capital

Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures Bengaluru, 5th January 2011: Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies.… Read more >

Unitus arranges $1.5m catalytic debt for Mimo Finance

June 26, 2010 Media Exposure, Unitus Labs

Unitus Arranges Rs 7 crore ($1.5 million) Debt for Partner Mimo Finance Unitus arranges Rs 7 crore ($1.5 million) of debt funding from $15 million Unitus, Opic & Citi credit facility that finalized March 2010 From Financial Chronicle, Mimo raises Rs 7 crore debt, by Sanjay Vijay Kumar. “Delhi-based non-banking finance company Mimoza Enterprises Finance (Mimo) has… Read more >

Unitus-Hewitt Microfinance Compensation & Benefits Survey 2010

June 6, 2010 Unitus Labs, Update

Successful microfinance institutions are made up of successful individuals, and as Unitus discovered in its 2009 Compensation Benchmarking study, well-designed compensation programs play a significant role in crafting a high-performing staff. As such, Unitus is proud to announce the launch of the second annual Unitus-Hewitt Microfinance Compensation & Benefits Survey. Open to MFIs throughout India, the Survey… Read more >

Two New Partners Join SPMIP

May 26, 2010 Press Release, Unitus Labs

Unitus Announces Grama Vidiyal, AMK as Latest Partners in Social Performance Management Implementation Project Indian, Cambodian Institutions Join Effort to Maximize Effectiveness of Microfinance BANGALORE, 26 May 2010 — In keeping with its goal of bringing greater effectiveness to the work of microfinance institutions (MFIs) worldwide, global nonprofit Unitus, Inc. proudly announces today the signing of… Read more >

Equitas Program Empowers the Differently Abled

May 1, 2010 Unitus Labs, Update

Believing a physical challenge should not automatically create a financial one, Indian partner Equitas launched a program in late 2008 to encourage participation by the differently abled in local microfinance activities. A year later, after putting aside traditional notions of their role in their communities, a representative sample of differently abled Equitas members in Chennai… Read more >

Former Morgan Stanley Exec Joins as Co-Chairman of Unitus Capital

March 24, 2010 Press Release, Unitus Capital

Unitus Capital announces ex-Morgan Stanley exec Narayan Ramachandran joins as Co-Chairman Strategic addition to leadership team bring deep expertise in finance, emerging market investing and philanthropic services to expand financial service offerings to microfinance institutions and social enterprises. BANGALORE, INDIA – March 24, 2010 – Unitus Capital, a financial services firm specializing in arranging capital… Read more >

Unitus & GV Healthcare Study Highlighted in Microfinance Focus

March 9, 2010 Media Exposure, Unitus Labs

Unitus, GV Study Debunks Myths and Finds Potential Solutions for Improving Healthcare for the Poor From Microfinance Focus, Study by Unitus, Grama Vidiyal Microfinance shows prospects for financial prodcuts to meet healthcare needs, by Nagesh Narayana. “Increasingly microfinance institutions (MFIs) are realizing the need to go beyond Micro-Credit, like providing divergent financial products to address the small… Read more >

Samhita Wins Unitus Acceleration Award

February 1, 2010 Unitus Labs, Update

We are pleased to announce that Samhita Community Development Services, a Unitus MFI partner since January 2008, was awarded the 3rd Annual Unitus Acceleration Award. The award was presented at the recent Unitus Leadership Summit in Mussoorie, India. Each year, Unitus presents the Acceleration Award to a partner who best exemplifies the goal of accelerating… Read more >