Home
About Us
India's N Aye Finance has taken a big step toward its goal of providing credit to the country's small and medium-sized businesses.
The company announced Friday that it has secured $15 million in debt funding, the Wall Street Journal reports.
The money will be used for on-lending to micro, small, and medium-sized businesses in India.
The company says it has an active client base of more than 4.5 lakh micro-enterprises and an AUM of more than $4 billion.
"This fresh infusion of capital will further strengthen Aye Finance's ability to provide crucial financial support to underserved micro, small, and micro enterprises," the company said in a statement, per the Times of India.
The company says the funding will allow it to "reach out to a larger population of micro-enterprises and offer them innovative financial products designed to meet the diverse needs of micro-enterprises."
Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Britain's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward new construction, reports the Telegraph. The money will come from...more
The UK's housing crisis is so bad that the government has come up with a novel way to fix it: It's putting $1 billion toward building 100,000 new homes over the next five years, reports the...more
A Hong Kong man who has trained more than 70,000 young people to "bring positive impact through their work" is this year's recipient of the "Spirit of Hong Kong" award, the South China Morning Post...more
The world's longest-serving member of the House of Representatives is stepping down from his post at the end of the year, the AP reports. Rep. Manny Pacquiao has announced that he will not...more
A new report from accounting and consulting firm BDO USA finds that US nonprofits are stronger and more effective than they were just a few years ago. The report, which surveyed 250 nonprofit...more
When it comes to assessing the risks of climate change, Standard & Poor's has a new metric to look atand it's a pretty good one. The company's Global Climate Center of Excellence on Tuesday...more
Starbucks is investing in two " innovation farms" in Central America in an effort to protect its coffee supply from the effects of climate change, CNBC reports. The farms in Costa Rica and...more
Foundation: Gates Foundation, Global Fund for Women
Bill and Melinda Gates are putting their money where their mouth is to help people in Sudan. The two are among nine donors who have pledged $4.5 million to help local aid groups in the country,...more
A new report from the European Central Bank is out, and it calls for price controls on prescription drugs to cut down on drug costs and spur innovation, the Wall Street Journal reports. The...more
Good news for Italy: Its consumer confidence index rose to 98.3 in September from an eight-month low of 96.1 in August, reports the Wall Street Journal. The sub-index of personal confidence rose...more
Social Innovation News from...
Changemakers
Skoll Foundation
Nike
Ewing Marion Kauffman Foundation
Social Entrepreneurship
Spotlight
Rwanda as Social Entrepreneur Fund Beneficiary
The Republic of Rwanda has been picked as one of the six African countries as beneficiaries for a new fellowship fund program designed at supporting social entrepreneurs in tackling issues on food security.
