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News & Update
International Finance Corporation (IFC) is planning to invest up to $40 million (around Rs 260 crore) in Ujjivan Financial Services in the form of a senior debt investment. Ujjivan is one of the 10 recipients of the Small Finance Bank License (SFB). IFC’s proposed investment will help the company expand its outreach and access to low income borrowers who have little or no access to formal sources of financing and strengthening its balance sheet through availability of long-tenor debt during its transformation phase, said IFC.
ESAF Microfinance, which will be kicking off its small finance bank journey in a fortnight, is looking to ramp up capital ahead of the transition. The Thrissur-based company is in talks with investors such as insurance companies and mutual funds to raise Rs 500 crore in non-convertible debentures, along with another Rs 150 crore in commercial papers. |
Bandhan Bank is introducing a 1-year full-time residential course for young graduates at Bandhan School of Development Management (BSDM) at its campus in Kolkata. Young graduates who wish to make a career in banking are invited to join the course which will start in the first week of January 2017. |
TPG has led a $210 million (about Rs 1,400 crore) funding round in Janalakshmi Financial Services, as the global private equity major, along with existing investors, double down on the country’s largest microfinance institution (MFI). |

Association of Microfinance Institutions – West Bengal

Association of Microfinance Institutions – West Bengal (AMFI-WB) was founded as a self-regulatory body in 2006. Objective of this association was to bring under its umbrella all Community Microfinance organizations that have their presence in West Bengal. Its Mission is to build a field of community development finance in West Bengal to help its members to serve their target clients, particularly women from poor families, in both rural and urban areas in pursuit of establishing stable livelihoods.

AMFI-WB has a very important role considering the nascent nature of the industry in developing capacities, adopting best practices, improving policy and operational mechanism of its members. At present there are 30 member organizations of AMFI-WB.

After four years of formation, a legal christening was thought imperative in order to orchestrate activities in a more proactive manner. With that intention AMFI-WB got registered as a public charitable trust on December 30, 2010.

Our Members

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Governance

AMFI-WB is governed by the Board of Trustee (BOT) Team. Meet our AMFI-WB Governance Team.

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New applicant is also supposed to pay according to the portfolio size mentioned below. Payment would be through cheque or NEFT transfer in favor of AMFI – WB.