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Date Added: 10-17-2008
Date Modified: 01-06-2009
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A Special Event of USAID's Microenterprise Development office
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Photo: Dr. Nachiket MorOn October 28, 2008, USAID's Microenterprise Development office hosted a special event on "Financial Services at the Bottom of the Pyramid: Unlocking Capital Markets for Rural India." Dr. Nachiket Mor of ICICI Foundation and IFMR Trust began by giving an overview of the current operational context for microfinance in India. He went on to present on the innovative work that IFMR Trust is doing to reach the rural poor with financial and business services, and specifically some of the cutting-edge activities of the Network Enterprises Fund. For more information, please view the PowerPoint presentation below.
 
 
Icon: HeadphonesClick here for a screencast of this presentation.
 


 

Speaker Bio:
Dr. Nachiket Mor is President of the ICICI Foundation for Inclusive Growth and Chairman of IFMR Trust. Dr. Mor is a Yale World Fellow (2004); has a Ph.D. in Economics from the University of Pennsylvania with a specialization in Finance from the Wharton School, a Masters degree in Management from the Indian Institute of Management in Ahmedabad, and an undergraduate degree in Physics from Mumbai University. While completing his Ph.D., he was associated with a Philadelphia based hedge fund (Quantitative Financial Strategies) for three years. He has worked with ICICI since 1987 in a variety of jobs, including Corporate Planning, Project Finance, Treasury and Rural Banking and was a member of its Board from 2001-2007.He is currently President of the ICICI Foundation for Inclusive Growth. In addition to his work within ICICI, he is a member of the Boards of: Institute for Financial Management and Research (IFMR), CARE USA and International Food Policy Research Institute (IFPRI).

About IFMR Trust:

logo: IFMR Trust
 IFMR Trust is a private trust whose mission is to ensure that every individual and every enterprise has complete access to financial services. They focus on under-served regions of rural India.
 
Consistent with this vision, IFMR Trust has promoted four key ventures:
  • IFMR Trust Holding Company (ITHC), which rolls out Kshetriya Gramin Financial Services (KGFS) for the distribution of multiple, client-centric financial services including savings, remittance, insurance, small-ticket loans and investments.
  • IFMR Trust Advisory Services (ITAS), an Asset Management Company that is launching its first equity fund, IFMR Trust's Network Enterprises Fund™ (NEF). The NEF will harness commercial capital to address key gaps in rural supply chains.
  • IFMR Trust Guarantee Company (ITGC), to provide smooth access to debt markets for asset originators that are relevant to rural, low-income households, through structuring, guarantees and market-making.
  • IFMR Foundation, a not-for-profit company that focuses on bridging knowledge, practice and regulatory gaps in pursuit of the mission of the IFMR Trust.
IFMR brings to their efforts solid expertise in the design, delivery and scaling of financial services and a deep understanding of mainstream markets. Many of their efforts are guided by practical insights gained from action-research conducted at specialized centers of their affiliate, the Institute Financial Management and Research (IFMR) in Chennai.