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Friday, October 5, 2007

Foreign investors dial microfinance in India

NEW DELHI: Access Development Services, an institutional entity established by CARE and DFID, is organising an investment fair for global investors including private equity groups on microfinance, a sunrise investment sector in India. Almost 65 microfinance institutions (MFIs) have been shortlisted as investees.
About 15 international and national investors will set up shop at the conference to interact with the MFIs, scheduled next week. The investors at the fair will include Morgan Stanley, Omidyar Network, Microvest Fund, Rabo Bank, Accion, Incofin, MEDA, Blue Orchard, Planet Microfund. The MFIs have been supported by the Microfinance India platform to develop their business plans and pitchbooks.

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