Microfinance Mutal Fund

IFMR Capital Places Second Multi-originator with a Mutual Fund

Posted on June 02nd, 2010 in Asirvad Microfinance, CRISIL, IFMR Capital, India Shares, Microfinance Mutal Fund, Sahayata Fintrade, Satin Creditcare, Securitization of Loans

IFMR CapitalIFMR Capital recently concluded a Rs. 339 million multi-originator microloan securitisation with three Indian microfinance institutions (MFIs). IFMR Capital Mosec II, the SPV, issued two tranches of securities backed by 36,972 microloans that were originated by Sahayata Fintrade, Satin Creditcare, and Asirvad Microfinance.
One of India’s top 3 mutual funds subscribed to the senior P1+(so) [...]

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Equitas Microfinance secures first mutual fund investment.

Posted on November 26th, 2009 in Equitas Microfinance, IFMR Capital, India Shares, Microfinance Chennai, Microfinance Mutal Fund, Miscellaneous

A recent micro-loan securitisation, completed by IFMR Capital and Equitas Micro Finance, has enabled the first ever mutual fund investment into the Indian microfinance sector. The Rs. 480 million ($10.4 million) transaction is backed by over 55,000 micro-loans originated by Equitas Micro Finance, a Chennai-based microfinance institution with approximately 700,000 low-income clients. The transaction was [...]

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  5. Equitas to raise 10 bn rupees via debt, equity
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