The Norwegian Microfinance Initiative (NMI) is an innovative strategic partnership between the Norwegian public and private sectors that will invest in microfinance institutions (MFIs) in developing countries and provide professional assistance and technical support for these institutions. The mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing in and supporting MFIs. Learn more
22 December 2014: Varanasi-based microfinance institution Utkarsh has raised $21 million (Rs 132 crore) in a fresh round of funding from Lok Capital and Commonwealth Development Corporation (CDC), as more risk capital investors return to a once-embattled sector. Existing investors NMI Frontier Fund KS, IFC and Aaviskar also participated in the funding.
desember 2014: Njord Andrewes, investeringsdirektør i NMI, forteller om hans opplevelser på et feltbesøk hos RGVN i Sikkim. NMI Fund III har investert USD 3 million i mikrofinansinstitusjon RGVN i nordøst India.
Knut Frigaard, a NMI Investment Director, recently wrote a short article on the day-to-day life of a microfinance Client in Kenya. Please note that this article is in Norwegian.
Knut Frigaard, Investeringsdirektør i NMI skrev en artikkel på KLP bloggen om den faktiske hverdagen for en mikrofinans klient i Kenya. Artikkelen i sin helhet følger her:
8 September 2014: In the August edition, the very inspiring success story of KWFT has been published, highlighting key milestones and plans for the Institution. In addition, four client testimonials have been included to inspire other entrepreneurs.