Threat of Microfinance Defaults Rises in India as SKS Plans IPO

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Jun 2010
Mumbai, India, June, 15 2010 - More microlenders will likely tap equity markets, said Basix Group’s Mahajan. Until now, they have relied on loans and grants from banks, insurers and foundations for funding, he said. “An IPO is inevitable for any microfinance company that has crossed a certain size,” Mahajan said. “The money needed to maintain capital adequacy standards and finance future growth at that point is too much to expect from just the banks or private equity investors.”

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Source : Bloomberg
 

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