10 January, 2015: Fusion Microfinance Pvt. Ltd., a portfolio microfinance company in the NMI Frontier Fund, was named Microfinance India’s Organization of the Year (Medium & Small).
Microfinance India is a national level advocacy platform, initiated by ACCESS Development Services, spurned off to ACCESS-ASSIST, to engage various stakeholders and develop a comprehensive vision for the entire sector. This award aims to recognize and encourage smaller and upcoming MFOs, who have demonstrated the potential for growth and have exhibited the ability to establish strong processes along with efficient operations. NMI invested roughly 3 million dollars in February 2013, client outreach has grown almost 400% since NMIs initial investment.
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.
15 July 2014: RGVN (North East) Microfinance Limited, a microfinance institution headquartered in Guwahati, announced that it had closed its latest equity raise of INR 41.8 crore. NMI Fund III KS and Oikocredit came in as new investors in the institution.