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During his inaugural address George K. John opined that ESAF’s mission was to expand to the most unreached areas in the country. K. Paul Thomas, Managing Director, ESAF Microfinance, also expressed his delight in crossing the new milestone. “The fact that ESAF doesn’t have a presence in saturated MFI markets shows the commitment of the Organization in achieving its mission of serving the ultra-poor in the most unreached areas”, he added....

The study uses a methodology that was originally developed for Latin America and the Caribbean in 2007 and was employed for the first time on a global basis in 2009. Most of the research for this report was conducted prior to May 2010, although some later developments (up to July) were included where they were particularly significant. Future studies will build on this project by increasing the number of interviews conducted, utilizing new data, and refining the methodology....

ICICI is India’s largest private sector bank because of the services they provide and the facilities they give to its users. CDM is one of the new services they started. You must be thinking if there is ICICI CDM near me well; the good part is that they have opened numerous CDMs in almost every city; therefore, it is easy for you to find one. How to Find ICICI Cash Deposit Machine Near Me?...

What are Basic Industries? The industrial sector is one of the world’s most vital and significant sectors. The basic industrial sector consists of businesses that extract, mine, quarry, produce, process, assemble, or finish natural resources, as well as businesses that turn raw materials into finished goods. These sectors of the economy create items and services that are sold to other businesses for use in their manufacturing processes or to the final customers....

List of Mutual Funds with Zero Exit Load Mutual funds are becoming popular among young people. There are mutual funds that give high returns and operate based on market conditions, and are more easily to invest in as opposed to the image of the old, safe and steady mutual funds that we all imagine mutual funds to be like. There are mutual funds that run for a fixed time, there are those that can be extended, mixed mutual funds where the percentage of investment can be molded and changed again....

Though neither the RBI nor the government has fixed any ceiling on MFI interest rates, the consensus among bankers and the regulator is that rates should not be more than 24 percent. Read the rest on Indian Express SEWA celebrates the financial success of 5 lakh women across India The Indian School for Microfinance for Women (ISMW), which is promoted by SEWA Bank, celebrated its second Financial Literacy Day on Thursday, along with Citi Centre of Financial Literacy....

Salesforce.com took more than a decade to hit 1 billion in revenues and is today being courted by the likes of Microsoft. It has been rumored that Microsoft offered up to US$ 55 billion to acquire it. To explore and understand SaaS, NSRCEL is organizing a workshop at IIM Bangalore for tech startups. Given below is a brief overview of Saas and Cloud Computing for Startups. The workshop will further elucidate the concepts given below....

The 15 Highest Paying Railroad Jobs You’ll make an excellent career and a good salary in the railroad industry, but most importantly, you’ll be able to follow an exciting career path that could take you anywhere. Let us begin our list. 1. Diesel Mechanics A diesel mechanic takes care of diesel locomotive trains. Their role is to ensure that the companies meet all the necessary regulations for their trains and cargo while providing high-quality results....

The primary reason why people need these tools like Hootsuite is that users are no longer using a single social network; instead, they are making an appearance everywhere, such as Facebook, Instagram, LinkedIn, Twitter, etc. For making a regular presence on every social media platform, you need different methods to reach out to various demographics across these channels. With the help of Hootsuite and its alternatives, you can handle multiple social media accounts, business pages, and profiles from its comprehensive user interface....

The role of the best gaming affiliate programs is to get people to play games while at the same time getting to earn some form of monetary rewards. There are numerous ways users can monetize games, and below mentioned are the details of some of the most popular gaming affiliate sites. 37 Best Gaming Affiliate Programs 1. Leprestore It is a boosting service offered for games like Destiny 2, WoW Classic, and Apex Legends....

The merger of September 15, 2008, was a well-known example of a bad merger. The merger was between Bank of America and Merrill Lynch. Various complexities circumscribed this merger, such as employee bonuses, additional debt, and forced hands, as validated by the U.S. Senate Committee on Banking investigation of the merger on April 13, 2009. In the case, if the short-term financial benefits are not actualized, long-term realizations may be visible as a valid and probable reason for the merger or acquisition....

Alto Crypto IRA: Everything You Need to Know Today investors are looking at different options to invest their money and earn a big profit. Alto Crypto IRA is one of those options. It allows investing in crypto as well as in art and properties. All this is mentioned in many Alto reviews but before explaining all the points let us understand Alto. What is Alto Crypto IRA? Alto can be described as a self-directed IRA custodian....

The multi-billion-dollar industry was on the brink of mass default. Read more on BBC News MFIs begin to fill urban home loan gap Taking a cue from the micro-finance boom, debt is fast becoming a tool for housing dreams for the urban unbanked poor. Anil Kumar Pandit, a computer instructor and insurance agent at Mongolpuri, a former resettlement colony, in northwest Delhi, managed to get a home loan despite not having the papers to qualify for a bank loan....

FORMAT OF GOOD BUSINESS PLAN: A good business plan follows generally accepted guidelines for both form and content. There are three primary parts to a business plan. a) The first is the business concept, where you discuss the industry, your business structure, your particular product or service, and how you plan to make your business a success. b) The second is the marketplace product, in which you describe and analyze potential customers: who and where they are, what makes them buy, and so on....

The result: “Collections in AP are down to nil in urban centers, and only 15-20 percent in rural centers,” says Kishore Puli, head of the Andhra Pradesh chapter of Microfinance Institutions Network (MFIN), a self-regulatory body of for-profit MFIs. MFI loan recovery to pick up in few days assures AP govt “The collections are lower than normal on account of the transition from weekly to monthly collection cycle and the related change in MIS (management information systems), passbook, and member communication,” the SKS statement said....

Other forms of financing include grants, gains on investment capital, retained earnings, forward payment agreements on capital, and accrual financing contracts. There is a cost of capital related to the forms of capital. Let’s explore the two methods calculating the cost of the capital – marginal cost of capital and weighted cost of capital. Difference Between The Marginal & Weighted Average Cost Of Capital The marginal cost of capital Different types of capital, such as debt, equity, stock, etc....

Government of a foreign country and its agencies Any international agency A foreign company including its subsidiary A foreign corporation A multinational corporation A company with more than 50% foreign equity A trade union in any foreign country A foreign trust or foundation A society, club or other association of individuals formed or registered outside India. A foreign citizen WHAT INSTITUTIONS ARE ELIGIBLE TO RECEIVE FOREIGN CONTRIBUTION? Institutions registered with the Central Governments....

Based on various court decisions, following are the purposes of general public utility. The list is, however, not exhaustive. i. Establishing chambers of commerce and industry, federations, registered societies and trade associations established with object of promoting trade, commerce and industry. ii. All institutions incorporated without a profit motive, for any of the following objects: a) For the improvement and promotion of agriculture and agriculturists. b) For the improvement and advancement of scheduled caste and tribes (tribals)....

The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the sector. Here is our view on some key issues that have featured in the current debate....

Primarily, these financial institutions accept deposits from the public and simultaneously provide loans by creating a demand deposit. As banks are imperative for the economy’s financial stability, no country can ignore its importance. Types of Banks Pre-dominantly, banks are of 7 types, which includes: Commercial Banks Industrial Banks Savings Banks Central Banks Exchange Banks Agricultural or Co-operative Banks Best Private Banks in India In the modern era, almost every person has a bank account....