genfinance : Messages : 1-39 of 713

New Delhi - A new bill will be tabled in the next session of
parliament to promote, develop and regulate the microfinance sector
in India, Vinod Rai, special secretary for banking in the finance
ministry, said here Wednesday.

`The microfinance movement is in a very critical juncture. And if we
are unable to take on the entrenchment that is happening today, then
the entire purpose of the same will be a failure,' Rai said.

`We are soon going to produce a bill for the regulation and
development of the microfinance sector of India,' he told a seminar
organised by the Confederation of Indian Industry (CII).

`I believe in this way we can simplify the complex processes that a
poor farmer goes through now while applying for a loan,' he said,
adding that the aim of the new legislation will be micro
entrepreneurship.

Rai also referred to the need for credit to be provided to every
household in the rural areas and empowerment of self-help groups
through linkages with public and private banks.

source:http://indiaenews.com/2006-09/23044-microfinance-bill-session-
parliament.htm
regards,
vikash kumar

#38

From: "Linda Mayoux" <l.mayoux@...>
Date: Mon Oct 2, 2006 7:31 am
Subject: FW: Devfinance: Re: Bangladesh-Microfinance Mail 2

lindamayoux

Offline

Strand 2 of the debate.

Linda

-----Original Message-----
From: Development Finance [mailto:devfinance@...] On Behalf Of Kiringai Kamau
Sent: 27 September 2006 06:55
To: Development Finance
Subject: Devfinance: Re: Bangladesh-Microfinance

The BRAC and ASA story brings to mind what the intention of microfinance is by those who create and use it. In my view, it is a nice idea, a nice model, and a wonderful concept that has been messed by the diverse implementation models.

Some will look at what has happened with these institutions and see sustainability. Indeed they are sustainable as demonstrated by their product and service divertsity which we cannot lose site of. But the question that begs is: at whose expense?

The direction that microfinance now seems to take is more inclusiveness, one can argue that the two giants have created a model that even the poor can finance serious investments, even universities, so the issue in microfinance is not money or lack of it. It is the management of the money and who is driving the initiative. Whether the money intended for the poor was diverted or not is not the issue, where it went is clearly visible. If it were in Africa, no one would see corruption since the investments are vieible.

There are many dimensions to look at, but even in the successful microfinance programmes the growth has always been with the isntitution rather than the welafare of the poor - Kenyas microfinance sector is full of institutions that have grown from micro to small to big then large and you all have documented that. But my agnony has always been - show me one successful poor person who rose from rags to riches courtesy of minimalistic microfinance alone.

There is need to rethink the microfinance model and wealth creation at the micro level using what resources the pooor have - yes they have wealth otherwise how do they create their own multinationals helping the poor in other countries.

This is indeed an interesting case study and thanks for bringing it to the fore Nimal.

Kiringai Kamau

copgalor@... wrote:

This story reminds me the behaviour of the big Saccos, as well as
their source of inspiration, the credit unions of the Western world,
when their main concern was not to serve at the best possible way*
their members.

This policy of the saccos has created the accumulation of huge amount
of liquidity in these cooperatives, that had to be invested in,
generally, fixed assets, unnecessary to their efficient functioning.
Example: the sky-scraper of the "HARAMBE" sacco in Nairobi, an asset
finance by the sacco and doesn't belong to the members, at least not
until recently.

These MFIs in Bangladesh have done so well their activities, sot they
have the over liquidity and investing their extra money in fixed
assets and other unnecessary investment. This money is the outcome
of a policy of charging the POOR at a too high rate of interest,
which is for sure, not to the advantage of the POOR. These MFIs have
done so nicely, and the number of Poor in Bangladesh is increasing.

Regards

Zvi

Zvi Galor
www.coopgalor.com
* Best serve their members = paying to members the highest possible
rate of interest on their fixed deposits.
Best serve their members = charging members on credit the lowest
possible rate of interest.

On 26/09/2006, at 17:14, Craig Churchill wrote:

> Hi Nimal
> Are they funding their international expansion out of their
> existing pockets or are they able to attract additional donor/
> investor funding to open operations in these other countries? I
> assumed that the expansion was at least partly motivated by the
> availability of resources that could be accessed in the countries
> to which they were going instead of expatriating Bangladeshi funds.
> I also thought that they were (at least somewhat) encouraged to do
> this by donors.
> Cheers,
> Craig

>
> ----- Original Message -----
>
> From: nfernando@...
>
> To: Development Finance
>
> Sent: Monday, September 25, 2006 7:02 AM
>
> Subject: Devfinance: Bangladesh-Microfinance
>
>
>
>
>
> Dear Colleagues:
>
> I would like to draw your attention to an emerging issue in regard
> to some flagship, large-scale microfinance institutions in
> Bangladesh. The purpose of this message is to encourage an
> intensive discussion on this issue. While drawing attention to the
> issue, I will also state my own tentative views.
>
> BRAC and ASA are undoubtedly not only giant MFIs in Bangladesh but
> also global leaders in many respects. Since recently both
> organizations seem to have shown an increasing tendency to invest a
> part of their surpluses to develop microfinance operations in a
> number of other developing countries.
> Also, these organizations have built massive head offices. ASA has
> recently moved to its new office building. BRAC has, according to
> some reports, committed a large amount of money to some initiatives
> focusing on Africa. ASA's leader is contemplating establishment of
> a university, perhaps to compete with BRAC. All indicators seem to
> suggest that there is some sort of competition at least between
> these two organizations, both of which are mature and large in
> scale, and seem to face limited competition from others in the real
> microfinance markets.
>
> The issue seems to be whether these two are suffering from what
> Michael Jensen, professor emeritus of HarvardBusiness School,
> called the "free cash flow problem". A related question that has
> implications for the poor clients of both organizations is , if
> they do, what should they be actually doing with that "too much
> cash" on their hands. Should not they return it to their clients in
> terms of lower prices for the products and services that they
> sell ? If they are investing the surpluses in overseas that means
> the poor in Bangladesh are actually financing these investments. In
> the burning discussion on high interest rates prevailing in the
> country, both institutions to my knowledge, has taken the position
> that they are unwilling to reduce the rates because that would
> affect their financial viability and sustainability. But part of
> the surpluses generated through these prices now seem to be going
> out of the country, though to help the poor in those countries and
> for projects which has little to do with the poor in Bangladesh.
>
> One might be tempted to say that Grameen also did the same things.
> It also built a large office building. Most probably it could have
> used the same resources more productively. Grameen also went abroad
> with its projects, but these were financed largely with funds
> mobilized for those specific purposes from a variety of donors.
> More importantly, Grameen charged much lower nominal interest rate
> on its loans. Thus there are differences.
>
> I would like to quote a relevant statement for this discussion from
> Rajan and Zingales' excellent book: Saving Capitalism from the
> Capitalists.
> Referring to " too much cash on their hands" they write:
>
> "Instead of paying it back to investors, management may
> waste it on pet projects, plush offices, executive jets, or
> charitable donations that enhance their status more than the
> company's image. When waste is unchecked, tremendous value can be
> destroyed since mature firms typically have sizable resources to
> run down...
> For example, alarm bells should start ringing in investors'
> minds when a firm spends immense sums making an architectural
> statement with a new building. This often reflects the fact that
> the chief executive officer has little better to do with his time
> than build a mausoleum to himself. Examples of this kind of
> phenomenon are legion" [page 59]
>
> In my view, it is too sad that these two giants have not begun to
> compete in terms of offering better prices to their clients and
> potential clients.
>
> I would like to see a lively debate on this issue and many other
> issues revolving around this. Both institutions have done a lot to
> improve access to finance for millions of poor in Bangladesh. But
> they certainly can do better by reinvesting the surpluses within
> the country on more sensible projects.
>
> Would like to hear your views.
> Thanks
>
> Nimal A. Fernando

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#37

From: "Linda Mayoux" <l.mayoux@...>
Date: Mon Oct 2, 2006 7:30 am
Subject: FW: Devfinance: Re: Bangladesh-Microfinance Mail 1

lindamayoux

Offline

Dear friends,

I am now back from a very intereting visit to Nepal (more on that later) immediately following the Chennai workshop (more on that later too). But I thought people might be interested in thisa debate about micro-finance, profits and povertt in Bangladesh from devfinance listserve (start with the last message first to follow the flow). I am also sending a second strand of discussion on the same topic in Mail 2.

Linda

-----Original Message-----
From: Development Finance [mailto:devfinance@...] On Behalf Of Craig Churchill
Sent: 26 September 2006 15:15
To: Development Finance
Subject: Devfinance: Re: Bangladesh-Microfinance

Hi Nimal

Are they funding their international expansion out of their existing pockets or are they able to attract additional donor/investor funding to open operations in these other countries? I assumed that the expansion was at least partly motivated by the availability of resources that could be accessed in the countries to which they were going instead of expatriating Bangladeshi funds. I also thought that they were (at least somewhat) encouraged to do this by donors.

Cheers,

Craig

******************************************

International Labour Organization
Social Finance Program, Employment Sector
Email churchill@...
Tel 41 22 799-6242
Fax 41 22 799-6896
www.ilo.org/socialfinance

>>> "Shivendra Sharma" <ssharma@...> 26.09.2006 13:09 >>>

I agree with you Peter as I believe in markets completely. At the same time looking at the size of India and China by this assumption we need to stop caring about the poor for now and make money. I remember seeing some calculations sometime ago that India would need to grow at 20% plus per annum for over a decade and a half to convert all its villages to some kind of towns. For most other countries your argument would hold true but would even then as you say take a long time!

Cheers

_________________________________

Shivendra

From: peter.vandijk [mailto:peter.vandijk@...]
Sent: Tuesday, September 26, 2006 1:25 PM
To: Development Finance; Shivendra Sharma
Subject: Re: Devfinance: Re: Bangladesh-Microfinance

Dear Shivendra,

I agree in so far as an MFI 'invests' abroad (Nimal's concern). When it is done within the local economy (nationally) I don't see, as I argued in my email, a major issue (rural - urban, which you raised as a major concern), again, within a developing phase of FSD (financial sector dev-t). At par with local capital market development, a financial institution that mobilises public savings (most stable and cheapest source of funds in normal circumstances, and if government supports necessary infrastructure dev-t), will increasingly feel obliged (by 'pressures' of clients, authorities and competition) to re-invest these savings also in the same region.

Regards, Peter

----- Original Message -----

From: Shivendra Sharma

To: Development Finance

Sent: Tuesday, September 26, 2006 7:33 AM

Subject: Devfinance: Re: Bangladesh-Microfinance

Not just the poor, actually nobody cares where their savings are invested as long as there are safe and liquid. But consider this, if all the taxes collected in a rich country lets say France were not spent in France but in African countries how would the citizens of France feel about it!

Cheers

_________________________________

Shivendra

From: Development Finance [mailto:devfinance@...] On Behalf Of peter.vandijk
Sent: Monday, September 25, 2006 8:55 PM
To: Development Finance
Subject: Devfinance: Re: Bangladesh-Microfinance

Continuing from Srinivasan, poor people do not seem to care to much where their savings are invested, as long as they are safe and liquid (they can come at any time to withdraw).

In many countries I observed that poor people seem to, apart from regulatory issues, not trust so much developmental NGO-type MFIs with their savings, or MF Banks that receive a lot of donor or government support (-postal- savings banks are a different issue).

Although local autonomous financial intermediation, also in rural and remote areas, is the ultimate objective, this is a long evolution. The 'rural savings drain' seems to be more of an issue for researchers and politicians.

----- Original Message -----

From: N.Srinivasan, dataone

To: Development Finance

Sent: Monday, September 25, 2006 5:06 PM

Subject: Devfinance: Re: Bangladesh-Microfinance

Dear Nimal,

Large organisations suffer from this TBTS (too big too soon ) syndrome. It is not microfinance institutions in particular; the corporate sector is littered with such institutions - that go in for architectural marvels, unwarranted diversifications and a general aspiration to grow into some thing too big too soon. It is not as if the direction has been carefully thought out by all stakeholders. A small minority usually drive this making others feel foolish if they do not subscribe to such "forward looking movement".

But in microfinance institutions set up with a "noble" mandate of serving people in the margin, such diversifications and expenditure seem out of place. Either subsidies given by donors or by the poor themselves should not be invested outside the sector - there is a failure of mandate in such a case. There are arguments of risk diversification that come in. But the diversification could be an even greater risk, if one does not have domain competence and skills. From savings to loans - to insurance - to remittance - to rural phones - to marketing of products seemed to be relevant and satisfying needs of the poor. But Universities and African ventures...? As for moving to other countries, it would mean that the problems of underserved poor in Bangladesh have been fully taken care of. Someone, I hope, would be able to vouch for this.

Since poor people's money is involved, I wish these organisations well. I also wish that they get out of this TBTS syndrome, cut down on their adventures, withdraw safely and focus on people in other parts of Bangladesh.

Regards

N.Srinivasan

----- Original Message -----

From: nfernando@...

To: Development Finance

Sent: Monday, September 25, 2006 7:02 AM

Subject: Devfinance: Bangladesh-Microfinance

Dear Colleagues:

I would like to draw your attention to an emerging issue in regard to some flagship, large-scale microfinance institutions in Bangladesh. The purpose of this message is to encourage an intensive discussion on this issue. While drawing attention to the issue, I will also state my own tentative views.

BRAC and ASA are undoubtedly not only giant MFIs in Bangladesh but also global leaders in many respects. Since recently both organizations seem to have shown an increasing tendency to invest a part of their surpluses to develop microfinance operations in a number of other developing countries.
Also, these organizations have built massive head offices. ASA has recently moved to its new office building. BRAC has, according to some reports, committed a large amount of money to some initiatives focusing on Africa. ASA's leader is contemplating establishment of a university, perhaps to compete with BRAC. All indicators seem to suggest that there is some sort of competition at least between these two organizations, both of which are mature and large in scale, and seem to face limited competition from others in the real microfinance markets.

The issue seems to be whether these two are suffering from what Michael Jensen, professor emeritus of Harvard Business School, called the "free cash flow problem". A related question that has implications for the poor clients of both organizations is , if they do, what should they be actually doing with that "too much cash" on their hands. Should not they return it to their clients in terms of lower prices for the products and services that they sell ? If they are investing the surpluses in overseas that means the poor in Bangladesh are actually financing these investments. In the burning discussion on high interest rates prevailing in the country, both institutions to my knowledge, has taken the position that they are unwilling to reduce the rates because that would affect their financial viability and sustainability. But part of the surpluses generated through these prices now seem to be going out of the country, though to help the poor in those countries and for projects which has little to do with the poor in Bangladesh.

One might be tempted to say that Grameen also did the same things. It also built a large office building. Most probably it could have used the same resources more productively. Grameen also went abroad with its projects, but these were financed largely with funds mobilized for those specific purposes from a variety of donors. More importantly, Grameen charged much lower nominal interest rate on its loans. Thus there are differences.

I would like to quote a relevant statement for this discussion from Rajan and Zingales' excellent book: Saving Capitalism from the Capitalists.
Referring to " too much cash on their hands" they write:

"Instead of paying it back to investors, management may waste it on pet projects, plush offices, executive jets, or charitable donations that enhance their status more than the company's image. When waste is unchecked, tremendous value can be destroyed since mature firms typically have sizable resources to run down...
For example, alarm bells should start ringing in investors' minds when a firm spends immense sums making an architectural statement with a new building. This often reflects the fact that the chief executive officer has little better to do with his time than build a mausoleum to himself. Examples of this kind of phenomenon are legion" [page 59]

In my view, it is too sad that these two giants have not begun to compete in terms of offering better prices to their clients and potential clients.

I would like to see a lively debate on this issue and many other issues revolving around this. Both institutions have done a lot to improve access to finance for millions of poor in Bangladesh. But they certainly can do better by reinvesting the surpluses within the country on more sensible projects.

Would like to hear your views.
Thanks

Nimal A. Fernando
Principal Microfinance Specialist (ADB Microfinance Focal Point)
Asian Development Bank
Tel (632) 632-5686
www.adb.org

Reply | Forward | Messages in this Topic (4)

#36

From: "gouthami11" <kmvsbhuj@...>
Date: Fri Sep 29, 2006 6:21 am
Subject: Welcome to Kachchh, India!

gouthami11

Offline

Greetings, Friends!



Kutch Mahila Vikas Sangathan (KMVS) is pleased to announce that Shaam-
e-Sarhad (Sunset over the Border) rural resort will be opening for
its third year this October 1, 2006.  As you may recall, the resort
is an "endogenous tourism" project supported by the Hodka community,
United Nations Development Program, Ministry of Tourism, Government
of India, and KMVS.  The rural resort is built and run by the Hodka
community and proceeds are used to fund social development projects
within the community.



This year, we are excited to offer several additions to the resort
including organized visits to the village of Hodka and other artisan
communities nearby, jeep or camel safaris along the proximities of
the impressive Great Rann of Kachchh, bird watching at the Chhari
Dhand bird sanctuary (where as many as 55 bird species can be seen in
a given season), the Than monastery, and many other neighboring
places of interest.  All such excursions will be led by local guides
capable of offering unique insights into the culture and history of
the region.  Guests will also have the opportunity to participate in
craft workshops which will be scheduled throughout the season.



As always, the website <www.hodka.in> has pictures and detailed
information about the resort, activities, rates, villages and
surrounding areas, together with directions on how to get there.



If you have not been able to support this exciting social project in
the past, we hope this year you will join us for a memorable
experience.  Please feel free to pass this information along to
friends, colleagues, family members, or other potentially interested
parties.  And book your reservations today!



With Best Wishes,

Kutch Mahila Vikas Sangathan, Bhuj



Tel + 91-2832-654124

Email marketing@...



Be our Guest.....

Endogenous Tourism Project, Hodka - Kachchh

http://www.hodka.in

#35

From: anvesha khandelwal <anvesha82@...>
Date: Mon Sep 25, 2006 5:51 am
Subject: Re: greetings and list of addresses

anvesha82

Offline

Dear All

Hope you all are doing fine. We at CMF would like to
thank you all for you participation in the enriching
learning experience.
I am attaching the list of email addresses of
participants, we prepared on 8th of september.

Regards
Anvesha Khandelwal
Centre for Microfinance

--- Sejal Dand <anandiguj@...> wrote:

> Dear Friends,
>   We are all back at our desks- rogaya, tahini,
> radhika and i proceeded to the national conference
> of women at Kolkata from chennai and continued our
> exploration of the theme in a different context.  In
> India, I have spoken to some groups in Dehli
> regarding coordination of a workshop on micro
> finance and empowerment during the Indian Social
> Forum to be held in November.  Are any of you
> planning to participate in the ISF?  We should then
> coordinate our presentations there too.
>   the pix on my camera are not too good but will
> upload them- Can someone please send us the email
> addresses of all that were circulated in the hard
> copy?  I seem to have misplaced mine.
>   Rogaya, tahini- we enjoyed your visit and am glad
> to hear you are safe. Do send an email and we can
> talk then.
>
>   Sejal
>
> Linda Mayoux <l.mayoux@...> wrote:
>           Dear all,
>
> I hope everyone is now safely returned home from the
> Chennai
> workshop. I shall be putting up full details, photos
> etc the first
> week of October. Also many program files and links.
>
> We shall also then be starting a discussion
> crosspasted to UNDP e-
> discussion on micro-finance and impact assessment.
>
> I received just now a very distressed e-mail from
> Amjad Khan saying
> someone has stolen his mail address to upload
> pornographic files. He
> has now withdrawn his subscription to the site to
> stop this happening
> again in future. But we shall see how he can rejoin
> (as a very
> sincere member of our group) using a different
> identity. I shall also
> see if I can find out how to prevent this happening
> in future without
> having to totally control all postings before they
> go up. Anyway
> apologies to all from both of us. The offending
> messages have now
> been removed.
>
> It would be good if participants from Chennai could
> put up any
> materials and links from their organisations.
>
> Looking forward to discussions first week of
> October,
>
> Best wishes,
> Linda
>
>
>
>
>
>
> ANANDI
> A1/3 Anolee Complex
> 28,29 Sunrise Park,
> Vastrapur,
> Ahemdabad 380 015
> Phone nos. 079 26841247
>
> ---------------------------------
>  Try the all-new Yahoo! Mail . "The New Version is
> radically easier to use" � The Wall Street Journal




___________________________________________________________
Try the all-new Yahoo! Mail. "The New Version is radically easier to use" � The
Wall Street Journal
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#34

From: "microfinancexpose" <microfinancexpose@...>
Date: Sat Sep 23, 2006 10:11 am
Subject: Third issue of newsletter, INFO-MF, SEPTEMBER 2006

microfinance...

Offline

DEAR SIR/MADAM,

About the newsletter
We are very happy to bring Third issue of our e-newsletter on
microfinance. We have started online (e) newsletters -INFO-MF, on
microfinance from July 2006 which is solely dedicated for
microfinance and micro enterprise sector.
In just two months, there are 1700 readers of this newsletter
including microfinance organization's leaders, microfinance
researchers, faculties, students and many interested individuals
across the world.
In the September 2006 issue we have focused on "microfinance for
small and medium enterprises" theme.
  About the issue:

This issue of newsletter is focus on microfinance and its importance
for SMEs. In this respect we incorporated articles of renowned
authors, practitioners, researcher and consultants.
In the very first article, focus is laid down for importance of
microfinance for SMEs growth. It would be very interesting and
learningful   to know the perspectives of practitioners; Mr.
Jayseelan is bringing these experiences in front of us. World famous
microfinance consultant and author Mr. Malcolm Harper, encourage a
discussion among the reader about the relevance of federation. Our
objective is to promote innovation in microfinance sector; Dr
S.S.Satchidananda has developed a model for rural services delivery
technology solution, we are incorporated this framework in our
newsletter also. Small and medium enterprise development is
considered a sustainable means for fighting against poverty that can
ultimately fuel economic growth of a country, Mr. Parwinder Bhatia
depicting some of the live examples in this respect.
Apart from that we have put all very important recent development in
microfinance. We have put effort make it more interesting and a good
platform for sharing of learning. We wish to have you comments,
suggestions and feedbacks for further improvement.

If you would like to have a copy of this newsletter, just write to
us.
                                Email id      �
microfinancexpose@...

   With warm regards,
   Vikash Kumar,
   Managing editor,
   INFO-MF,
   Mobile no- 09824148598,
   EDI, Ahmedabad, INDIA

#33

From: Sejal Dand <anandiguj@...>
Date: Fri Sep 22, 2006 5:02 am
Subject: Re: Greetings from Nepal Women Ending Poverty Program

anandiguj

Offline

Dear Friends,

We are all back at our desks- rogaya, tahini, radhika and i proceeded to the national conference of women at Kolkata from chennai and continued our exploration of the theme in a different context. In India, I have spoken to some groups in Dehli regarding coordination of a workshop on micro finance and empowerment during the Indian Social Forum to be held in November. Are any of you planning to participate in the ISF? We should then coordinate our presentations there too.

the pix on my camera are not too good but will upload them- Can someone please send us the email addresses of all that were circulated in the hard copy? I seem to have misplaced mine.

Rogaya, tahini- we enjoyed your visit and am glad to hear you are safe. Do send an email and we can talk then.

Sejal

Linda Mayoux <l.mayoux@...> wrote:

Dear all,

I hope everyone is now safely returned home from the Chennai
workshop. I shall be putting up full details, photos etc the first
week of October. Also many program files and links.

We shall also then be starting a discussion crosspasted to UNDP e-
discussion on micro-finance and impact assessment.

I received just now a very distressed e-mail from Amjad Khan saying
someone has stolen his mail address to upload pornographic files. He
has now withdrawn his subscription to the site to stop this happening
again in future. But we shall see how he can rejoin (as a very
sincere member of our group) using a different identity. I shall also
see if I can find out how to prevent this happening in future without
having to totally control all postings before they go up. Anyway
apologies to all from both of us. The offending messages have now
been removed.

It would be good if participants from Chennai could put up any
materials and links from their organisations.

Looking forward to discussions first week of October,

Best wishes,
Linda

ANANDI
A1/3 Anolee Complex
28,29 Sunrise Park,
Vastrapur,
Ahemdabad 380 015
Phone nos. 079 26841247

Try the all-new Yahoo! Mail . "The New Version is radically easier to use" � The Wall Street Journal

#32

From: roghaya hamza <rogaya20@...>
Date: Thu Sep 21, 2006 12:02 pm
Subject: Re: Please upload photographs

rogaya20

Offline

Dear Harshit

Thank you for your E-mail, after the workshop, we were busy undertaking some field visits in Gujarat and lastly in Momby and we have just arrived Sudan last night, and I will do my best to keep in contact but may be from the first week of Oct. due to some donors meetings I should attend

Best regards

Rogaya Hamza Osman

LEAP program manager

PASED Sudan

www.leap-pased.org

HARSHIT <harshitshah@...> wrote:

Dear Friends,

Please upload the photographs of the workshop.

Please also start sharing the experiences.

thanks

harshit shah

Do you Yahoo!?
Get on board. You're invited to try the new Yahoo! Mail.

#31

From: "Linda Mayoux" <l.mayoux@...>
Date: Wed Sep 20, 2006 2:41 pm
Subject: Greetings from Nepal Women Ending Poverty Program

lindamayoux

Offline

Dear all,

I hope everyone is now safely returned home from the Chennai
workshop. I shall be putting up full details, photos etc the first
week of October. Also many program files and links.

We shall also then be starting a discussion crosspasted to UNDP e-
discussion on micro-finance and impact assessment.

I received just now a very distressed e-mail from Amjad Khan saying
someone has stolen his mail address to upload pornographic files. He
has now withdrawn his subscription to the site to stop this happening
again in future. But we shall see how he can rejoin (as a very
sincere member of our group) using a different identity. I shall also
see if I can find out how to prevent this happening in future without
having to totally control all postings before they go up. Anyway
apologies to all from both of us. The offending messages have now
been removed.

It would be good if participants from Chennai could put up any
materials and links from their organisations.

Looking forward to discussions first week of October,

Best wishes,
Linda

#30

From: "microfinancexpose" <microfinancexpose@...>
Date: Wed Aug 30, 2006 4:02 pm
Subject: request for article for INFO-MF ,

microfinance...

Offline

Dear Sir/Madam,
we have started an online (e) newsletter -INFO-MF, on microfinance
from July 2006. In just two months, there are 1200 readers of this
newsletter including microfinance organization's leaders,
microfinance researchers, faculties, students and many interested
individuals across the world.
In the august 2006 issue we have focused on "self help groups and
microfinance" theme.  We are going to bring its third issue (of
September2006). Theme of the coming newsletter is "microfinance for
small and medium enterprises". We welcome your articles regarding
this theme.
However we would like to incorporate some articles other than the
theme issue, thus in this respect you may send write up for any
relevant issue for microfinance
Your articles can be based on any issues of microfinance but we
request you that your articles should be brief. It should not be
more than one page, thus we will be able to incorporate more
articles in one issue. We are looking forward for your response.
Please send your write up
as early as possible for our September 2006 issue.
Please write your topic title, your name, organization where you are
working and your
designation along with the article.
Send it to this email id - microfinancexpose@ yahoo.com
Thank you very much.

With warm regards,
Vikash Kumar,
MANAGING EDITOR
INFO-MF,
EDI, PGDMN, (www.ediindia. org)
N.B.
� This newsletter is a free subscription aiming to promote
microfinance communication and innovation, thus we do not offer
money for article/s.
� If you want first/ second issue of INFO-MF; please write to
us in this
email-id - microfinancexpose@ yahoo.com

#20

From: genfinance@yahoogroups.com
Date: Fri Sep 15, 2006 4:09 am
Subject: New file uploaded to genfinance

genfinance@yahoogroups.com

Hello,

This email message is a notification to let you know that
a file has been uploaded to the Files area of the genfinance
group.

   File        : /Grameen_II_study[1].pdf
   Uploaded by : rk_km2000 <rk_km2000@...>
   Description : Grameen Bank phase II case study drafted by Ranjani Murthy on
behalf of UNDP Regional Center for Asia and Pacific

You can access this file at the URL:
http://groups.yahoo.com/group/genfinance/files/Grameen_II_study%5B1%5D.pdf

To learn more about file sharing for your group, please visit:
http://help.yahoo.com/help/us/groups/files

Regards,

rk_km2000 <rk_km2000@...>

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#19

From: Lachmayya Siddanmane <lachmayya@...>
Date: Wed Sep 13, 2006 2:30 pm
Subject: Finance Solutions� - New Release

lachmayya@...

Dear Sir/Madam,
We have released our new version of �Finance Solutions 8.33j� software for Microfinance & SACCOs and it is available on our website for downloading.

This version contains following new modules and features;

* Fixed Deposits *

* Multi Currency Lending *

* Foreign Exchange Module *

And many more new reports

We have also reconfigured the site and those of you who were experiencing difficulty in down loading will now be happy to know that that has been resolved.

Finance Solutions� is a fully integrated software which provides an integration factor of 100% in Client Information, Savings, Shares, Loans and General Ledger Accounting modules and minimizes many �islands of data capture points� for improved data reliability, consistency and accuracy.

A Finance Solutions focused and customizable MIS for Microfinance, Village Banking, Self-Help-Group (SHG) and SACCOS methodologies

Finance Solutions� - software has been qualified by the Consultative Group to Assist the Poorest (CGAP), a condition mandatory to the World Bank in the field of Microfinance and rated as �User Friendly Software�

You can download CGAP review from our website http://www.sigmadc.com

Key features:

v It tracks Accounts, Loans, Savings, Shares, Fixed Deposit and Client Information

v It tracks Individual, Groups/Members and Business Clients

v It supports SQL-SERVER/ORACLE database as back-end

v It is suitable for small, medium and large institutions

v It produces Performance Monitoring Tool (PMT) Reports

v It produces Cash Flow, Balance Sheet, Profit & Loss (P&L), Trial Balance Reports

v It produces Arrears & Ageing, Portfolio at Risk, Outstanding and Disbursement Reports

v It produces Savings/Shares concentration, Balances, Activity and dormant Reports

v Excellent connectivity on Local Area Network (LAN) and WAN

v It is a Windows based application with easily identifiable TOOLBAR and MENUS

v It is a Multi-user system with 12 user defined system user groups.

v It is a Multi-lingual software (English, Luganda, Kiswahili, French, Spanish, Russian and user-definable)

v It is a Multi-currency Software including �Foreign Exchange� module

v No need to buy third-party accounting software

v Fully customizable

Finance Solutions evaluation copy can be downloaded from http://www.sigmadc.com

Best Regards,

George K.

General Manager

Head Office:

Sigma Data & Computers

5th Floor, Greenland Towers, Kampala Road,

P. O. Box 30348, Kampala - Uganda (East Africa),

Tel: +256-41-256581, +256-41-370249,

Mobile: +256-77-2496460

E-mail: info@..., lachmayya@...

Website: http://www.sigmadc.com

Contact Person: Mr Lachmayya Siddanmane

Representatives:

KENYA:

NETCOM INFORMATION SYSTEMS LIMITED,

Mugo Kibiru Road,

P.O. Box: 76049-00508,

Nairobi � Kenya

Phone 254-20-3872559,254-20-3870670 ,

Email : netcom@...

Contact Person: Mr. Maina Wa Gichangi, Managing Director

INDIA:

YRK TECHNOLOGY SERVICES

Secunderabad � 500 026, Andhra Pradesh

INDIA

Phone: +91-40-5599-7555

Fax: +91-40-5533-5933

Email: info@...; grmohan2@...

Website: http://www.yrktech.com

Contact Person: Mr Ram Mohan/Mr Sharath Chandra Rao

IRAN and THE MIDDLE EAST:

NAZM POOYAN SANAT NOVIN (NPSN)

Tel : 0098-21-8502193/4

Fax : 0098-21-8512108

Email : npsn.comfar@...

Contact Person: Dr. Sadegh Yazdani

RWANDA:

Sigma Data & Computers SARL,

P.O.Box 3148, Kigali � Rwanda

Tel: 250-501940, 250-08-834215

Contact Person: Mr Pastor Bonus

Email: rwanda@...;info@...

SENEGAL:

STA-GROUP CONSULT

B.P 791, Ziguinchor � Senegal

Tel: 5733763/6444783/9914668

Contact Person: M. Papa T�t� DIADHIOU

Email: stagroup_consult@...

Find out what India is talking about on - Yahoo! Answers India
Send FREE SMS to your friend's mobile from Yahoo! Messenger Version 8. Get it NOW

#18

From: "HARSHIT " <harshitshah@...>
Date: Wed Sep 13, 2006 10:39 am
Subject: Please upload photographs

harshitshah01

Online Now

Dear Friends,

Please upload the photographs of the workshop.

Please also start sharing the experiences.


thanks

harshit shah

#17

From: genfinance@yahoogroups.com
Date: Fri Sep 8, 2006 10:13 am
Subject: New file uploaded to genfinance

genfinance@yahoogroups.com

Hello,

This email message is a notification to let you know that
a file has been uploaded to the Files area of the genfinance
group.

   File        : /Chennai workshop papers/methods/Qualitative tools.ppt
   Uploaded by : rk_km2000 <rk_km2000@...>
   Description : powerpoint qualitative methods

You can access this file at the URL:
http://groups.yahoo.com/group/genfinance/files/Chennai%20workshop%20papers/metho\
ds/Qualitative%20tools.ppt

To learn more about file sharing for your group, please visit:
http://help.yahoo.com/help/us/groups/files

Regards,

rk_km2000 <rk_km2000@...>

Reply | Forward | Messages in this Topic (82)

#16

From: genfinance@yahoogroups.com
Date: Fri Sep 8, 2006 10:10 am
Subject: New file uploaded to genfinance

genfinance@yahoogroups.com

Hello,

This email message is a notification to let you know that
a file has been uploaded to the Files area of the genfinance
group.

   File        : /Chennai workshop papers/methods/geagmm.doc
   Uploaded by : rk_km2000 <rk_km2000@...>
   Description : qualitative intrahousehold guideline

You can access this file at the URL:
http://groups.yahoo.com/group/genfinance/files/Chennai%20workshop%20papers/metho\
ds/geagmm.doc

To learn more about file sharing for your group, please visit:
http://help.yahoo.com/help/us/groups/files

Regards,

rk_km2000 <rk_km2000@...>

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#15

From: "krishnamurthy" <rk_km2000@...>
Date: Fri Sep 8, 2006 10:05 am
Subject: gender and micro finance workshop- chennai

rk_km2000

Offline

hello everyone from chennai workshop on gender and microfinance. We
have had a very stimulating discussion. We will be posting the
proceedings in two weeks.

Workshop participants

#14

From: nicholas nganga <omkenya64@...>
Date: Wed Aug 30, 2006 6:07 am
Subject: Starting a building society to finance the poorest in Kenya

omkenya64

Offline

The National Mission Centre is in the process of launching a building society to finance the poorest people in Kenya.

Please advice.

Your faithfully,

Nicholas Nganga,

Director,

National Mission Centre

P.o Box 3305,

Nakuru

Kenya

E-mail: omkenya64@...

Lachmayya Siddanmane <lachmayya@...> wrote:

Dear Sir/Madam,

Finance Solutions� is a fully integrated software which provides an integration factor of 100% in Client Information, Savings, Shares, Loans and General Ledger Accounting modules and minimizes many �islands of data capture points� for improved data reliability, consistency and accuracy.

A Finance Solutions focused and customizable MIS for Microfinance, Village Banking, Self-Help-Group (SHG) and SACCOS methodologies.

Finance Solutions� - software has been qualified by the Consultative Group to Assist the Poorest (CGAP), a condition mandatory to the World Bank in the field of Microfinance and rated as �User Friendly Software�

You can download CGAP review from our website http://www.sigmadc.com

Key features:

v     It tracks Accounts, Loans, Savings, Shares, Fixed Deposit and Client Information

v     It tracks Individual, Groups/Members and Business Clients

v     It supports SQL-SERVER/ORACLE database as back-end

v     It is suitable for small, medium and large institutions

v     It produces Performance Monitoring Tool (PMT) Reports

v     It produces Cash Flow, Balance Sheet, Profit & Loss (P&L), Trial Balance Reports

v     It produces Arrears & Ageing, Portfolio at Risk, Outstanding and Disbursement Reports

v     It produces Savings/Shares concentration, Balances, Activity and dormant Reports

v     Excellent connectivity on Local Area Network (LAN) and WAN

v     It is a Windows based application with easily identifiable TOOLBAR and MENUS

v     It is a Multi-user system with 12 user defined system user groups.

v     It is a Multi-lingual software (English, Luganda, Kiswahili, French, Spanish, Russian and user-definable)

v     It is a Multi-currency Software including �Foreign Exchange� module

v     No need to buy third-party accounting software

v     Fully customizable

Finance Solutions evaluation copy can be downloaded from http://www.sigmadc.com

Best Regards,

George K.

General Manager

Head Office:

Sigma Data & Computers

5th Floor, Greenland Towers, Kampala Road,

P. O. Box 30348, Kampala - Uganda (East Africa),

Tel: +256-41-256581, +256-41-370249,

Mobile: +256-77-2496460

E-mail: info@sigmadc.com, lachmayya@yahoo.co.in

Website: http://www.sigmadc.com

Contact Person: Mr Lachmayya Siddanmane

Representatives:

KENYA:

NETCOM INFORMATION SYSTEMS LIMITED,

Mugo Kibiru Road,

P.O. Box: 76049-00508,

Nairobi � Kenya

Phone 254-20-3872559,254-20-3870670 ,

Email : netcom@netcomkenya.com

Contact Person: Mr. Maina Wa Gichangi, Managing Director

INDIA:

YRK TECHNOLOGY SERVICES

Secunderabad � 500 026, Andhra Pradesh

INDIA

Phone: +91-40-5599-7555

Fax:     +91-40-5533-5933

Email: info@yrktech.com; grmohan2@yahoo.com

Website: http://www.yrktech.com

Contact Person: Mr Ram Mohan/Mr Sharath Chandra Rao

IRAN and THE MIDDLE EAST:

NAZM POOYAN SANAT NOVIN (NPSN)

Tel : 0098-21-8502193/4

Fax : 0098-21-8512108

Email : npsn.comfar@gmail.com

Contact Person: Dr. Sadegh Yazdani

RWANDA:

Sigma Data & Computers SARL,

P.O.Box 3148, Kigali � Rwanda

Tel: 250-501940, 250-08-834215

Contact Person: Mr Pastor Bonus

Email: rwanda@sigmadc.com;info@sigmadc.com

SENEGAL:

STA-GROUP CONSULT

B.P 791, Ziguinchor � Senegal

Tel: 5733763/6444783/9914668

Contact Person: M. Papa T�t� DIADHIOU

Email: stagroup_consult@yahoo.fr

Here's a new way to find what you're looking for - Yahoo! Answers
Send FREE SMS to your friend's mobile from Yahoo! Messenger Version 8. Get it NOW

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Reply | Forward | Messages in this Topic (2)

#13

From: Lachmayya Siddanmane <lachmayya@...>
Date: Tue Aug 29, 2006 12:50 pm
Subject: Finance Solutions� - Software for Microfinance & SACCOs

lachmayya@...