Commerce – Left Is Right http://left-is-right.com/ Tue, 18 May 2021 12:16:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://left-is-right.com/wp-content/uploads/2021/05/default.png Commerce – Left Is Right http://left-is-right.com/ 32 32 CDFIs provided more than quarter of a billion pounds in loans before and during pandemic, report shows https://left-is-right.com/cdfis-provided-more-than-quarter-of-a-billion-pounds-in-loans-before-and-during-pandemic-report-shows/ https://left-is-right.com/cdfis-provided-more-than-quarter-of-a-billion-pounds-in-loans-before-and-during-pandemic-report-shows/#respond Tue, 18 May 2021 11:43:02 +0000 https://left-is-right.com/?p=631 Not-for-profit lenders provided £263m to 5,887 businesses and social enterprises over almost the past two years, new figures show.  A report published by the membership body Responsible Finance shows community development finance institutions supported more than 12,000 jobs between 1 April 2019 and 31 December 2020.  The report shows CDFIs made more loans to social […]]]>

Not-for-profit lenders provided £263m to 5,887 businesses and social enterprises over almost the past two years, new figures show. 

A report published by the membership body Responsible Finance shows community development finance institutions supported more than 12,000 jobs between 1 April 2019 and 31 December 2020. 

The report shows CDFIs made more loans to social enterprises in the UK in the latest 21-month period than in 2018 but the total value of their loans fell. 

The report, Setting up for Success, found CDFIs played a critical role in getting finance through government Covid-19 support schemes to areas where it was most needed.

Of the £263m that was lent to 5,887 businesses, social enterprises and start-ups, £109m was lent to 668 social enterprises.

By comparison, a similar study published in 2018 found providers disbursed 475 loans to social enterprises totalling £138m.

The latest report says that £115m was lent to 1,900 small and medium sized enterprises, which created and safeguarded 8,962 jobs. 

Use it in an emergency says almost 6 out of 10 of the businesses CDFIs lent to were more than 4-years-old, and 19 out of 20 loans were made to businesses with less than 49 employees.

Theodora Hadjimichael, chief executive of Responsible Finance, said CDFIs continued to work where banks could not because of their local-understanding and relationship-based approach.

“With fuel from responsible finance, thousands of businesses and social enterprises have been able to withstand challenges thrown at them by the pandemic, innovate, flourish and grow,” she said. 

“Yet still too many businesses and social enterprises can’t access affordable finance because they don’t fit mainstream banks’ lending profiles. 

“We must continue to scale up community development finance so more businesses, social enterprises and people can access appropriate and ethical options, especially in places starved of investment.”

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Republished lesbian portraits. https://left-is-right.com/republished-lesbian-portraits/ https://left-is-right.com/republished-lesbian-portraits/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/republished-lesbian-portraits/ On this week’s episode of Job, June Thomas spoke with photographer, filmmaker and activist Joan E. Biren (also known as JEB) about her groundbreaking 1979 book, Eye to Eye: Portraits of lesbians. They discussed how she found a cross section of the community to be photographed, the obstacles that affected the way the book came […]]]>

On this week’s episode of Job, June Thomas spoke with photographer, filmmaker and activist Joan E. Biren (also known as JEB) about her groundbreaking 1979 book, Eye to Eye: Portraits of lesbians. They discussed how she found a cross section of the community to be photographed, the obstacles that affected the way the book came together, and the rewarding creative process of reissuing the volume in 2021. This partial transcript was edited and condensed for clarity.

June Thomas: I can tell from these photos that you haven’t met these women, take the photos five minutes later and move on.

Joan E. Biren: If someone had identified me as a possible person who could be in the book, I would usually write to them, meet them, or talk to them without a camera. I would explain what I was doing. I would be very clear that this was for publication. I had designed special release forms that said, “I can be identified as a lesbian. I can have my name. I can have anything. Then people could decide if they wanted their full name or just their first name. Most of the time the process was for me to explain why I especially thought they would be a wonderful person to be in the book, why I wanted them to be in the book. It was a way of building understanding and trust before arriving on the scene when there was a camera present.

Would there be a photo shoot? It sounds like something you would do in a studio, but you were in their house, you were in their fields if they were in a rural location. Was there a general picture of the experience of taking the photos that eventually went into the book or your other photographic production?

It depended on how much time I would have with the person, but I always wanted as much time as possible, because the more time you spend with someone with a camera, the less aware she becomes of the camera, and she just starts out. to be more and more who they are. I am very non-directive. I would much prefer the person to just make their living and let me follow them. So if that was possible, this is how we did it.

If we had a really short amount of time, I would say, “Well, how would you like to do that? Where would you like to be at home or in your space? And what would you like to do? And we would go from there. I don’t believe in posing people, because that diminishes the authenticity of the photograph. I think people understand this and feel the energy of a photograph even though they are not aware of what they are going through looking at it. I think the energy that was going on during its creation is in the picture.

Have you always worked in black and white?

No. I mostly worked in black and white because all the publications could only print in black and white, because black and white was cheaper. I could do all of my development and expansion – at that point there was still a risk if you sent your film to a professional commercial location that they would confiscate it, based on obscenity laws. So for a long time I did not use color film. But when I could afford it, I started using two cameras, one in black and white and one in slide. Then I started making slideshows.

The book was published by Glad Hag Books, but it’s you, right?

It’s me. There is no other happy witch. I am the only one. I had no staff, nothing, just me.

You had already done that hard job of going out there in the world, finding women to take pictures, take their pictures, get their permission, and then all the work of making a book. How did you pay for it?

I did what we would now call crowdfunding. I have raised money from the community. These were largely small loans made by a large number of people and a major donor, who also waived their loan. It was funded by the community because I certainly didn’t have any money.

No existing lesbian or gay press would do it because I wanted it on good paper. I had never seen the job except on newsprint, and I was determined that it would be on coated paper and that it was too expensive for existing presses. For the same price, they could put out, for example, five text books.

The hardest part was not to collect the money. The hard part was finding a printing press that would print these images. What I had to do was find a very young Nan Hunter, who had just graduated from law school and who turned out to be one of the best lesbian lawyers of all time. She had to go to the press and develop this legal document that exonerates them from responsibility because they thought all women would sue them because they were identified as lesbians. It was unheard of. So we had to get a second round of releases, in which we lost some people. And then we had this legal exemption, and then one of the printers refused for religious reasons to work on the project. And then, because I didn’t have enough money, I had to camp out at the press, which was in Baltimore, to watch the evidence as it came out of the press, because I didn’t didn’t have the money to put the press on hiatus. ask them to send me the evidence. So the impression was really difficult to make.

How many copies did you print in the original?

The original print run was 5,000 copies, which is a lot for a photography book, and it sold out, I think, in three months.

Wow.

I went back to press and made a second impression, which also sold out pretty quickly. It is a testament to the hunger that reigned in our community to have authentic reflections on who they were. The books are simply gone. Many of them have also disappeared without being bought in bookstores and libraries. People were so afraid to steal this book. And I’m glad they did.

To listen to the full interview with Joan E. Biren, subscribe to Working on Apple podcasts or Spotify, or listen below.

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Library e-book purchases soar during pandemic https://left-is-right.com/library-e-book-purchases-soar-during-pandemic/ https://left-is-right.com/library-e-book-purchases-soar-during-pandemic/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/library-e-book-purchases-soar-during-pandemic/ Caley Burke has always been an avid reader. Aerospace engineer for NASA, she reads science, science fiction, literary fiction. “I also do a lot of romance,” she says. “And you can go through them really quickly, so that’s where going to the library saves a lot of money.” Since the arrival of COVID-19, going to […]]]>

Caley Burke has always been an avid reader. Aerospace engineer for NASA, she reads science, science fiction, literary fiction.

“I also do a lot of romance,” she says. “And you can go through them really quickly, so that’s where going to the library saves a lot of money.”

Since the arrival of COVID-19, going to the library has generally meant going online. Since March, she has viewed 97 eBooks. Burke said she loves freedom.

“It’s like a different version of scrolling through your Netflix or Hulu and saying, ‘I have this whole selection. Which books do I want to choose? ” she said.

Since the start of the pandemic, e-book purchases at libraries have skyrocketed more than 50%. And libraries expect demand for e-books to last. A hearing that can delight librarians. The editors? Probably not.

Bill Rosenblatt is president of the consulting firm GiantSteps Media Technology Strategies. “Libraries are mission-driven organizations,” he said. “Publishers are for-profit organizations.”

The license conditions of most publishers limit the number of cases and require libraries to repurchase the books every year or two, he said. But during COVID, some publishers relaxed the terms and prices for e-books. Rosenblatt said it made sense, given the challenges that another category of customers face, physical bookstores.

Despite all the digital borrowing this year, publisher e-book sales have not suffered. the Association of American Publishers reports that e-book sales have grown by more than 16% from the previous year in the first 10 months of 2020.

Yet, Rosenblatt said, publishers could change the prices of their libraries again after the pandemic.

“The cold reality is that libraries have to start thinking about this in business terms if they are to come to some kind of mutual agreement with the publishers,” he said.

But librarians say they have their own business problems.

Jennifer Rothschild selects and purchases books for the Arlington Public Library in Virginia. She said the pandemic was wreaking havoc on local government budgets.

“So for next year libraries are facing a huge funding crisis,” she said.

If they can’t afford enough e-books to meet the growing demand, Rothschild said: “So people are like, ‘Oh, my library doesn’t have this because they don’t know what is. popular and they are offline. “. “

She said this starts a cycle: people use the library less, advocate less, and this, in turn, can affect its funding.

Millions of Americans are unemployed, but companies say they are struggling to hire. Why?

This economic crisis is unusual compared to traditional recessions, according to Daniel Zhao, senior economist at Glassdoor. “Many workers are still not in the workforce due to health issues or childcare needs, so it’s hard to find workers regardless of what you do with wages or salaries. benefits, ”Zhao said. “An extra dollar an hour won’t make a cashier with pre-existing conditions feel safe to return to work.” This can be seen in the restaurant industry: Some workers have quit or are reluctant to apply due to COVID-19 concerns, low wages, meager benefits and the stress that comes with a demanding, fast-paced job. The restaurants were arranged to offer signing bonuses and temporary salary increases. A McDonald’s is even pay people $ 50 just to interview.

Could renunciation of patents increase the global supply of COVID-19 vaccines?

India and South Africa have presented a proposal to temporarily suspend patents on COVID-19 vaccines. Supporters of the plan say it would increase the supply of vaccines around the world by allowing more countries to produce them. Skeptics say it is not that simple. There is now enough supply in the United States that any adult who wants to get vaccinated can get one soon. This reality is years for most other countries. More than 100 countries have supported the proposal to temporarily waive patents on the COVID-19 vaccine. The United States is not one of them, but the White House has said he considers the idea.

Can companies deny you entry if you don’t have a vaccination passport?

As more Americans get vaccinated against COVID-19 and the economy continues to reopen, some businesses are requiring proof of vaccination to enter their premises. The concept of the vaccine passport has raised ethical questions on data privacy and potential discrimination against unvaccinated people. However, legal experts say that companies to have the right to deny entry to those who cannot show proof.

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Burnham-On-Sea library users reassured over overdue book loans during lockdown https://left-is-right.com/burnham-on-sea-library-users-reassured-over-overdue-book-loans-during-lockdown/ https://left-is-right.com/burnham-on-sea-library-users-reassured-over-overdue-book-loans-during-lockdown/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/burnham-on-sea-library-users-reassured-over-overdue-book-loans-during-lockdown/ This week, users of the Burnham-On-Sea library were reassured that loans had been extended during the nationwide lockdown. Somerset Libraries say library loans are being extended. All items on loan, but not overdue, have been automatically extended to at least March 31, 2021. If items were late before December 25, 2020, users will need to […]]]>

This week, users of the Burnham-On-Sea library were reassured that loans had been extended during the nationwide lockdown.

Somerset Libraries say library loans are being extended. All items on loan, but not overdue, have been automatically extended to at least March 31, 2021.

If items were late before December 25, 2020, users will need to view them through their online library account.

“Return dates will be extended again if necessary, to ensure that borrowed items will not be refunded before Lockdown 3 is lifted,” added a spokesperson. “You don’t need to visit a library to return items just yet.”

“All returned items are quarantined for at least 72 hours and remain in your account until the end of the quarantine period. Items are backdated to the date you returned them. “

“To check your return dates, log into your library account at www.librarieswest.org.uk or use the LibrariesWest app. If you need help logging in or have questions about your loans, the library staff can help you by emailing librarymail@somerset.gov.uk or by phone on 0300 123 2224. “

You can only visit a small number of Somerset libraries during the lockdown if you really need to and follow social distancing and hygiene guidelines – keeping two meters apart, wearing face covers and using disinfectant for hands. Currently there is limited service for Bridgwater, Frome, Taunton and Yeovil libraries only. All other locations are temporarily closed, including Burnham-On-Sea.

You may collect pre-ordered items or use People’s Network IT services for essential purposes, from these libraries only, at the following times: Bridgwater and Taunton 9:30 a.m. to 1:30 p.m., Monday to Saturday Frome and Yeovil from 10:00 a.m. to 2:00 p.m., Monday to Saturday.

A spokesperson adds: “It is important to ensure your well-being during the lockdown. Reading can be a great way to promote good mental health and provide much-needed entertainment and distraction for you and your family. We can provide books, audiobooks, and DVDs, for pre-order only, to help you with home schooling and hands-on tasks (eg, cooking, crafts, gardening, DIY, health and The well-being). “

For specific titles, please use the LibrariesWest reservation system via www.librarieswest.org.uk – charges may apply and you will be notified by email, text or letter when your item is available. The lead times for reservations are currently longer than usual.

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Westin Book Cadillac in Detroit, owned by the Cleveland Ferchill Group, is underwater with $ 77 million loan as value plunges into pandemic https://left-is-right.com/westin-book-cadillac-in-detroit-owned-by-the-cleveland-ferchill-group-is-underwater-with-77-million-loan-as-value-plunges-into-pandemic/ https://left-is-right.com/westin-book-cadillac-in-detroit-owned-by-the-cleveland-ferchill-group-is-underwater-with-77-million-loan-as-value-plunges-into-pandemic/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/westin-book-cadillac-in-detroit-owned-by-the-cleveland-ferchill-group-is-underwater-with-77-million-loan-as-value-plunges-into-pandemic/ In the latest sign of distress in the hotel market, the Westin Book Cadillac in downtown Detroit is now underwater on its commercial mortgage-backed debt totaling $ 77 million. Trepp LLC, which tracks CMBS debt, says the appraised value of the 453-room hotel has dropped significantly from $ 136 million at the end of last […]]]>

In the latest sign of distress in the hotel market, the Westin Book Cadillac in downtown Detroit is now underwater on its commercial mortgage-backed debt totaling $ 77 million.

Trepp LLC, which tracks CMBS debt, says the appraised value of the 453-room hotel has dropped significantly from $ 136 million at the end of last year to $ 74.6 million in September, a little less than the outstanding balance of a pair of CMBS loans taken out by its owner. earlier this year, around the time the COVID-19 pandemic was making its way across the United States – one for $ 45 million and another for $ 32 million.

The New York-based company says the debt is not paid until May.

An email was sent to John Ferchill, head of the Cleveland-based Ferchill Group, owner of the hotel he remodeled in 2008 at a cost of $ 180 million.

The building opened in 1924 as the Book-Cadillac Hotel and had been vacant and in disrepair for more than two decades before the redevelopment, one of many large-scale projects that helped start a wave of building rehabilitation in the city center.

It’s one of the more well-known hotels in the Detroit area, but it closed for much of the spring during the pandemic, which has crushed the hospitality industry.

The Townsend Hotel in downtown Birmingham, Michigan, is also behind on a $ 35 million ready.

In addition, some hotel construction projects have been delayed. Many industry watchers say so may not recover at pre-pandemic levels until 2023 or 2024.

The most recent data from STR, a hotel industry analysis company headquartered in North America in Tennessee, shows hotels in the Detroit area have an occupancy rate of just 36.1 %, a decrease of 42% year over year. Additionally, average daily rates fell to $ 72.28, a 28.6% year-over-year decline, while RevPAR – the industry short for revenue per available room, a measure Key Financial – fell 58.6% to $ 26.11.

Still, these are all improvements from market lows in April. The occupancy rate was only 22.9% the week of April 4; the week of April 25, daily rates were $ 63.38 and RevPAR plunged to $ 14.88 the week of April 4.

Trepp said that between January and April of this year, revenue was $ 19.76 million while expenses were $ 21.78 million, creating a shortfall of more than $ 2 million over of those months alone. More recent financial data for the hotel was not available.

But net operating income for the previous three years was $ 9.85 million (2019), $ 10.63 million (2018) and $ 11.11 million (2017), according to data from Trepp.

Trepp says the loans were guaranteed with a 78% occupancy rate at the Westin Book Cadillac, but it was only 43% occupied in the first four months of the year.

CWC Capital Asset Management LLC is the special manager, according to Trepp. A special manager tries to find a resolution to the debt. Loans could be modified or extended, or another agreement could be made with the owner.

Both loans were made in January with Citi Real Estate Funding Inc., according to Trepp.

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LA County Library offers computer and hotspot loans – NBC Los Angeles https://left-is-right.com/la-county-library-offers-computer-and-hotspot-loans-nbc-los-angeles/ https://left-is-right.com/la-county-library-offers-computer-and-hotspot-loans-nbc-los-angeles/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/la-county-library-offers-computer-and-hotspot-loans-nbc-los-angeles/ Los Angeles County residents who need a computer or Internet service can now borrow them, the LA County Library said on Tuesday. The Laptop and Hotspot Lending Kit includes a Chromebook laptop and wireless hotspot, and is being offered at 10 sites through a pilot program. Additional slots will likely be added as the library […]]]>

Los Angeles County residents who need a computer or Internet service can now borrow them, the LA County Library said on Tuesday.

The Laptop and Hotspot Lending Kit includes a Chromebook laptop and wireless hotspot, and is being offered at 10 sites through a pilot program. Additional slots will likely be added as the library system acquires more devices.

Library officials said the program would initially be offered in communities where 57% and 63% of households have internet subscriptions, meaning around 40% of the population does not have connectivity.

“The digital divide is having far-reaching consequences, especially during this unprecedented time,” Library Director Skye Patrick said in a statement.

“No internet connection means no way for the unemployed to find a job or participate in virtual interviews, no way for isolated elderly people to benefit from telehealth or to stay in touch with loved ones, no way for caregivers to access information for home schooling or meet the digital education needs of their children. “

The kits will be reserved for library card holders aged 18 and over, and they can be purchased for three weeks, just like a library book. Loans can also be renewed up to three times, as long as other library users have not suspended them.

When they are returned, the equipment is kept in “quarantine” for 96 hours as a security measure.

The library has also announced a print pickup service that will be available from all library locations offering curbside service. Library users can print up to 10 pages using the library wireless printing app – and collect them at the sidewalk service points.

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Does Tennessee Book hold any sports betting winnings to pay off the loans? https://left-is-right.com/does-tennessee-book-hold-any-sports-betting-winnings-to-pay-off-the-loans/ https://left-is-right.com/does-tennessee-book-hold-any-sports-betting-winnings-to-pay-off-the-loans/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/does-tennessee-book-hold-any-sports-betting-winnings-to-pay-off-the-loans/ Tennessee Representative Darren Jernigan read a copy of the weekly Tennessee Journal when a recent sports betting endorsement caught his eye. Approval at a January meeting of Tennessee Educational Lottery Sports Betting Committee permit Advance Financial Money Transmission Company take deposits for 24/7 action, a bookmaker owned by the same people as the loan company […]]]>

Tennessee Representative Darren Jernigan read a copy of the weekly Tennessee Journal when a recent sports betting endorsement caught his eye.

Approval at a January meeting of Tennessee Educational Lottery Sports Betting Committee permit Advance Financial Money Transmission Company take deposits for 24/7 action, a bookmaker owned by the same people as the loan company Advance Financial 24/7.

Have the capacity to finance a TN sports betting same place high interest loans are available rubbed Jernigan the wrong way. This is why he deposited HB 824 Tuesday to prohibit people from betting and having a loan in the same place. Senator Richard Briggs filed an identical invoice, SB 1029, Wednesday.

“Really, that’s the literal definition of loan usury,” Jernigan said. “I take a 279% stake and then play with it. The only difference is that you don’t break your legs the next day, you enter a cycle of debt that ends in bankruptcy. “

It will be a few more weeks before Jernigan brings the bill to the committee for hearing, as he is still working on the proposal. He is considering an amendment to clean up some of the wording and an amendment to require a bank account to place sports bets.

24/7 action using Tennessee sports betting winnings to pay off loans?

Another thing that Jernigan had a problem with is 24/7 action using the earnings of anyone who has a loan with Advance Financial to pay off their debt.

Jernigan said he already knew someone he had happened to who was willing to testify. He worries about what this might encourage.

“Some people might say [paying down the debt] that’s a good thing too, I don’t know, ”Jernigan said. “But what it encourages is that people go out and place a bet to try to cancel their loan.”

Application of the provider of Advance Financial to allow deposits and withdrawals to their more than 100 locations around Tennessee also didn’t sit well with the lottery board during the meeting. Loudspeakers noted the request “Feels a little funny” and “takes a break”.

Ultimately, however, the request was approved as it did not go against the sports betting law passed in 2019.

Advance Financial denies keeping earnings

LSR requested feedback from Action 24/7 but was redirected to Cullen Earnest, Senior Vice President of Public Policy at Advance Financial 24/7.

Earnest denied the claim:

“This practice does not happen in our stores. No one has contacted us with a complaint like this – ever. If you find someone who has experienced something like this in one of our stores, please contact me. We will remedy the situation immediately. “

The proposal would prevent several types of transactions

If the bipartite proposal is passed, it would be illegal for lenders to offer multiple types of services to someone who is also betting in the same place:

  • Flexible loan plans
  • Loans that use title to a client’s property, such as a car, as collateral
  • Deferred presentation services, which include accepting a check and holding it before using it as a payment or deposit
  • Check cashing

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Mahaveer Finance obtains 20 Cr INR from Blacksoil Capital https://left-is-right.com/mahaveer-finance-obtains-20-cr-inr-from-blacksoil-capital/ https://left-is-right.com/mahaveer-finance-obtains-20-cr-inr-from-blacksoil-capital/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/mahaveer-finance-obtains-20-cr-inr-from-blacksoil-capital/ The company aims to fill the gap in the retail segment of the used commercial vehicle market and first-time buyers / new buyers credit April 6, 2021 3 min read Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur India, an international Entrepreneur Media franchise. Mahaveer Finance, a Chennai-based non-bank asset finance […]]]>

The company aims to fill the gap in the retail segment of the used commercial vehicle market and first-time buyers / new buyers credit

April 6, 2021

3 min read

Opinions expressed by Contractor the contributors are theirs.


You are reading Entrepreneur India, an international Entrepreneur Media franchise.

Mahaveer Finance, a Chennai-based non-bank asset finance company (NBFC), announced on Tuesday that it had raised INR 20 crore bridge equity through structured finance from Mumbai-based Blacksoil Capital prior to its funding of Series C of 100 crore in the current year. The funds will be used to meet his AUM goal of INR 500 crore for the year.

The company aims to fill the gap in the retail segment of the used commercial vehicle market and first-time buyers / new buyers of credit, where most of the major players in used commercial vehicle financing are targeting large fleet operators.

“We warmly appreciate the quick response time, the quick decision making and the well-supported Black Soil team who helped us bring this to a close on time. The infusion of funds would strengthen the company’s balance sheet and allow us to exploit the growth opportunities that continue to emerge in the current market to meet our broader target of INR 2000 crore over the next 3 years. This deal will be a springboard for the next Series C INR 100 crore fundraiser. After our first round of BanyanTree in 2018, we have increased the pound from INR 50 to 300 crore and the current round of BlackSoil will help us reach 500 crore. crore INR ”, Praveen Dugar, promoter of Mahaveer Finance.

All loans are secured, with livelihood financing enabling self-employment / micro-entrepreneurship. The typical loan-to-value (LTV) is 70-80 percent conservative, ensuring borrowers have a significant equity investment in the vehicle leading to a superior credit score. The company has developed internal capabilities for end-to-end processes, from loan creation to collection. The company claimed to have experienced 48% year-over-year (year-on-year) growth from INR 30 crore in FY15 to a current portfolio of ~ INR 300 crore with over 11 000 active customers.

“The company has rigorous credit controls, portfolio monitoring systems and loan collection systems in place, which is reflected in its gross PAD levels, which are on par with industry benchmarks. . The company has also shown strong resilience during COVID times while addressing the customer segment that was among the hardest hit due to the lockdown restrictions. Based on this, we strongly believe in their business model and scalability. We look forward to helping them grow their portfolio and expand their presence, ”said Ankur Bansal, co-founder of Blacksoil Capital.

Blacksoil’s past deals include OYO, Spinny, Purplle, Zetwerks, Vogo, LetsTransport, EarlySalary, and iNurture, among others. Blacksoil recently raised INR 126 crore for the first close of its first secured credit fund.

Founded in 1981, the company has raised over INR 350 crore in debt from over 26 well-diversified relationships with the PSU bank, private banks, AIFs and NBFCs. Recently, the company raised INR 50 crore of TLTRO funding from its PSU bankers.

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NLB Sees Increase in Digital Library Use But Declining Loans, Singapore News & Top Stories https://left-is-right.com/nlb-sees-increase-in-digital-library-use-but-declining-loans-singapore-news-top-stories/ https://left-is-right.com/nlb-sees-increase-in-digital-library-use-but-declining-loans-singapore-news-top-stories/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/nlb-sees-increase-in-digital-library-use-but-declining-loans-singapore-news-top-stories/ Use of digital libraries increased amid the pandemic last year, but lockdowns have dropped overall loans from 40.5 million in 2019 to 29.2 million. The number of Singapore residents using the National Library Board’s (NLB) digital channels rose 46.5% from 2019, its review report for the year 2020 noted yesterday. Digital loans increased 26.2%, cumulative […]]]>

Use of digital libraries increased amid the pandemic last year, but lockdowns have dropped overall loans from 40.5 million in 2019 to 29.2 million.

The number of Singapore residents using the National Library Board’s (NLB) digital channels rose 46.5% from 2019, its review report for the year 2020 noted yesterday.

Digital loans increased 26.2%, cumulative downloads of the NLB mobile app increased 36.5%, and usage of its electronic databases increased 121%.

Bibliophiles quickly returned to libraries after their reopening in July with sound management measures. The number of visits to physical libraries increased 88.9% from July to December, while total loans increased by 14.2%.

But the nearly nine million visitors to public libraries and other NLB institutions like the National Archives of Singapore last year were only a fraction of the 26.7 million in 2019.

JK Rowling’s Harry Potter series continued its reign on library lending, taking four of the top five places in last year’s most borrowed physical books, led by Harry Potter and the Chamber of Secrets (1998).

The eBook loans were complemented by the 2018 memoir of former U.S. First Lady Michelle Obama Becoming, while Teo You Yenn’s 2018 essay collection This Is What Inequality Looks Like is finished fifth, the only local title to feature in the top five of the two. Category.

Japan travel books, several of which were mapped in 2019, were notably absent from the list during a year of border closures and travel bans.

Last year, NLB launched its first book vending machine, at Choa Chu Kang Public Library, which has been closed for renovation since June 2019 and is expected to reopen later this year with digital services focused on natural landscapes and nature. biodiversity.

The distributor, which allows residents to browse and borrow a curated selection of print and electronic books and other materials, secured 14,600 loans and renewals from last July to January of this year.

NLB Managing Director Ng Cher Pong said, “We have introduced many digital offerings to facilitate learning, reading and improving skills to better serve our customers amid the disruption caused by the pandemic. “


  • 29.2 million

    Global loans last year, compared to 40.5 million in 2019.

    9 million

    Approximate number of visitors to public libraries and other National Library Board institutions last year, up from 26.7 million in 2019.

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NLB’s digital asset usage increased in 2020, but overall lending fell, Singapore News & Top Stories https://left-is-right.com/nlbs-digital-asset-usage-increased-in-2020-but-overall-lending-fell-singapore-news-top-stories/ https://left-is-right.com/nlbs-digital-asset-usage-increased-in-2020-but-overall-lending-fell-singapore-news-top-stories/#respond Wed, 07 Apr 2021 23:15:31 +0000 https://left-is-right.com/nlbs-digital-asset-usage-increased-in-2020-but-overall-lending-fell-singapore-news-top-stories/ SINGAPORE – Digital library use increased amid the pandemic last year, but shutdowns during the breaker caused overall loans to drop from 40.5 million in 2019 to 29.2 million. The number of Singapore residents using the National Library Board’s (NLB) digital channels rose 46.5% from 2019, its current-year report noted on Wednesday (March 17). Digital […]]]>

SINGAPORE – Digital library use increased amid the pandemic last year, but shutdowns during the breaker caused overall loans to drop from 40.5 million in 2019 to 29.2 million.

The number of Singapore residents using the National Library Board’s (NLB) digital channels rose 46.5% from 2019, its current-year report noted on Wednesday (March 17).

Digital loans increased 26.2%, cumulative downloads of the NLB mobile app increased 36.5%, and usage of its electronic databases increased 121%.

Bibliophiles quickly returned to libraries after their reopening in July with sound management measures. The number of visits to physical libraries increased 88.9% from July to December, while total loans increased by 14.2%.

But the nearly nine million visitors to public libraries and other NLB institutions like the National Archives of Singapore last year were only a fraction of the 26.7 million in 2019.

JK Rowling’s Harry Potter series continued its reign on library lending, taking four of the top five places in last year’s most borrowed physical books, led by Harry Potter and the Chamber of Secrets (1998).

The eBook loans were complemented by the 2018 memoir of former U.S. First Lady Michelle Obama Becoming, while Teo You Yenn’s 2018 essay collection This Is What Inequality Looks Like is finished fifth, the only local title to feature in the top five of either. Category.

Japan travel books, several of which were mapped in 2019, were notably absent from the list during a year of border closures and travel bans.

Last year, NLB launched its first book vending machine, at Choa Chu Kang Public Library, which has been closed for renovation since June 2019 and is expected to reopen later this year with digital services focused on natural landscapes and nature. biodiversity.

The distributor, which allows residents to browse and borrow a curated selection of print and electronic books and other materials, secured 14,600 loans and renewals from last July to January of this year.

NLB Managing Director Ng Cher Pong said, “We have introduced many digital offerings to facilitate learning, reading and improving skills to better serve our customers amid the disruption caused by the pandemic. “

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