Championing poor MFI borrowers was a cost-free way of burnishing its credentials with the rural poor.
In many cases, the MFI may have completed the transition from NGO to regulated institution.
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The management buy-out bought MFI from its previous owner, private equity group Merchant Equity Partners (MEP).
MFI's administrators told the BBC they had received two expressions of interest from potential buyers.
Our technical specifications provide clear guidelines for developing accessories and they are available to MFi licensees for free.
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The MFI furniture chain has also gone into administration, affecting its three stores and 60 staff in NI.
McCain said the new agency, which he dubbed the "MFI, " will work proactively with markets to prevent problems before they happen.
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Often deemed an MFI (micro-finance institution), PAC is really so much more.
Except one other MFI in india who is above us but below 30%, there are no other MFI lending at less than 30%.
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As practiced in India, both the MFI and the SHG model have neglected the key piece that made microlending in Bangladesh work so well.
Second, we believe the company could expand its MFi program that licenses hardware manufacturers the ability to make products that connect to iOS devices.
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This tactic would match up nicely with the current requirements for the MFi certification program, which already makes parts from Apple-approved suppliers a necessity.
The GMB union said that MFI employees would not have been surprised at the development, saying the firm had been "badly managed for some years".
"The MFI will enhance investor and market confidence, benefit sound financial institutions, assist troubled institutions and protect our financial system, while minimizing taxpayer exposure, " he said.
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"We're very pleased to see PSoC 3 adding value to this innovative yet handy product, which taps into Apple's massive iOS installed base, " said Leon Tan, marketing manager for Cypress's MFi and mobile accessories solutions.
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The most important learning has been the need to build a rigid financial structure and business model where the dash board is always 100 percent updated and accurate and that the out come can never be better than the quality of our MFI partners.
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