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  3. Quotes

    1. “ We are looking at a lot of opportunities in the financial services at the bottom of the pyramid. ”
      By Bejul Somaia
    2. “ Investors are looking for safe investments...we hope the silver lining of global meltdown is more investors will put more money in the hands of poor through microfinance. ”
      By Vikram Akula
    3. “ Whether Sensex is at 20,000 or 7,000 points, 300 million households don't have access to financial services. ”
      By Bejul Somaia

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  1. CDC Invests $35 Million In Two Microfinance Funds

    VCCircle (Feb 17 2009) Acquisition

    1. CDC Group, the UK government-backed fund of funds with net assets of $4 billion, has invested $30 million in two microfinance funds. CDC has invested $20 million in India Financial Inclusion Fund, which is managed by Caspian Advisors Pvt Ltd. CDC has also put in $15 million in Catalyst Microfinance Investors, which invests in greenfield microfinance institutions in India, Pakistan, Nigeria and Ghana. India Financial Inclusion Fund is aiming a final close of $100 million. It has raised another $15 million from Global Microfinance Equity Fund and $8 million from Switzerland's Social Investment Services. The fund will invest growth ... (Read Full Article)

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