The Indian government is planning to reintroduce a microfinance bill to Parliament that would significantly impact the regulation of the rapidly growing microfinance industry, which has reportedly been growing at almost 52 percent per year for the last three years in terms of client outreach.
SBI Mutual Fund has launched an equity-based micro-systematic investment plan, called SBI Chota-SIP. The plan, which aimed at low-income households, allows a person to invest in mutual funds with a minimum sum of Rs 100 a month.
India’s Microfinance institutions reached 76.6 million against last year’s 59 million, according to the “State of the Sector Report” released on Monday in New Delhi.Compiled by N. Srinivasan, the report was released as part of the annual Microfinance India Summit 2009.
From the global funders, there was a steady flow of funds though the investment cycles turned a little longer due to credit crisis. India Financial Inclusion Fund (IFIF), an off-shore India-focused equity fund for microfinance companies and enablers, has achieved a final close of $90 million.
The year 2009 may go down as the watershed year for the Indian microfinance industry. Marked by strong growth and pioneering deals the industry is riding high, growing at a rapid pace of 100%-200% year-on-year
| How do I localise Joomla! to my language? |
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| Written by Administrator |
| Wednesday, 30 July 2008 19:36 |
GeneralIn Joomla! 1.5 all User interfaces can be localised. This includes the installation, the Back-end Control Panel and the Front-end Site. The core release of Joomla! 1.5 is shipped with multiple language choices in the installation but, other than English (the default), languages for the Site and Administration interfaces need to be added after installation. Links to such language packs exist below. Translation Teams for Joomla! 1.5 may have also released fully localised installation packages where site, administrator and sample data are in the local language. These localised releases can be found in the specific team projects on the Joomla! Extensions Directory. How do I install language packs?
How do I select languages?
Where can I find Language Packs and Localised Releases?Please note that Joomla! 1.5 is new and language packs for this version may have not been released at this time.
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| Last Updated on Wednesday, 30 July 2008 19:36 |
The World Microfinance Forum Geneva organized a full day workshop for managers responsible for micro and small loan portfolios. Selected financial institutions from a developed country (Switzerland) and a developing country (Bolivia) presented their respective lending methodologies, and a moderator facilitated an exchange of experiences.
Third World (TW) development is now half a century old and coincides with a period of substantial Northern economic aid to the economies of Third World countries. Despite this assistance, TW poverty continues. This situation has been caused by several critical factors, yet current literature mainly blames the orthodox development approach, which fosters channeling foreign aid and loans through state and para-state agencies.
Nearly three billion people in developing countries have little or no access to formal financial services that can help them increase their incomes and improve their lives. Access to a range of microfinance services—savings, loans, and money transfers—enables poor families to invest in enterprises, better nutrition, improved living conditions, and the health and education of their children. It is also a powerful catalyst for women’s empowerment.