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Dec 2014
Indonesia: Danamon Eyes 10 Percent Growth in Micro-credit Segment
December, 18 2014
Indonesia - Private lender Bank Danamon (BDMN) targets at least 10 percent growth in its micro-loan segment, represented by the Danamon Simpan Pinjam (DSP) program, in 2015 ...
EFSE Lends 10 Mln Euro to Halkabank Macedonian Unit to Back MSEs
December, 16 2014
Macedonia - The European Fund for Southeast Europe (EFSE) said on Tuesday it provided a 10 million euro ($12.4 million) senior loan to the Macedonian unit of Turkey's Halkbank in support of the housing sector as well as micro and small enterprises (MSEs) in the country ...
IFC Finance Issues First Inclusive Business Bonds for Institutional Investors
December, 15 2014
Global - IFC, a member of the World Bank Group, sold $100 million in inclusive business bonds to the Dai-ichi Life Insurance Company (Dai-ichi Life), marking the first time that an institutional investor supports IFC's inclusive business bond program ...
MasterCard Sees Opportunity With Nigerian e-ID Cards
December, 15 2014
Nigeria - There’s a lot of untapped potential in the Nigerian commerce market — which is growing — and MasterCard has discovered a marketing niche with the country’s national high-tech e-ID card pilot project ...
Georgia: TBC Bank Expects to Increase Sales Volumes by Merging with Bank Constanta
December, 15 2014
Georgia - With 60 branches and 150 thousand customers Bank Constanta is merging with TBC Bank. The merger will be legally registered in January of 2015 after which Bank Constanta and TBC Bank will operate as one legal entity. ...
Rafe Mazer, Financial Sector Specialist, CGAP: Digital Currencies and Financial Inclusion - 5 Questions
December, 12 2014
Global - While digital currencies such as Bitcoin pave the way for innovative new businesses like BitPesa, they have also been subject to significant controversy and regulatory questions as authorities try to figure out how to treat them. ...
Dutch Pension Fund to Invest in Actiam Microfinance Fund
December, 12 2014
Global - PGB, the €18bn pension fund for the Dutch printing industry, has committed €20m to a microfinance fund launched by Actiam, the successor of SNS Asset Management. ...
Stephen M. Liberatore, Managing Director, TIAA-CREF Asset Management: Social Responsibility Can Be a Core Fixed-income Strategy
December, 11 2014
Global - Adding SRI criteria to the security selection process for a core fixed- income portfolio delivers something an increasing number of investors, particularly the key “millennial” demographic, want – a positive social impact – while retaining the potential for long-term outperformance ...
Norma Palomino, Chief of Library Services, IDB: The IDB Will Launch its Open Data Portal on Development in Latin America and the Caribbean
December, 11 2014
Latin America and the Caribbean - Open data portals are key to promote an open ecosystem and have a huge potential to share information among citizens, government officials, and development practitioners in order to come up with innovative solutions and approaches to everyday issues ...
E-Kwanza Mobile Payment Service Launched in Angola
December, 11 2014
Angola - Angolan Investment Bank (BAI) has launched e-Kwanza a mobile money service that allows users to make transfers and payments for goods and services across the country ...
Opportunity International Partners with Credit Suisse to Expand Education Finance Around the World
December, 11 2014
Global - Today, Opportunity International, the premier global financial services organization for the poor, announced Credit Suisse will help support a new education initiative to improve the quality, availability and affordability of education in impoverished areas of Latin America, Africa and Asia. ...
India: Vikram Akula Makes a Comeback with Financial Start-up Vaya; Plans Small Bank Foray
December, 11 2014
India - Having forced to quit SKS Microfinance, which he founded, three years ago, Vikram Akula has returned to the financial inclusion space by buying 26 percent stake in a start-up Vaya Finserv, which is also eyeing small bank licence ...
Tanzania: SELF Set to Provide More Microfinance Loans
December, 11 2014
Tanzania - Small Entrepreneurs Loan Facility (SELF) has officially been transformed into a Microfinance Fund (SELF MF), an initiative that will increase financial inclusion in the country ...
Five Ways Social Entrepreneurs Use Technology to Increase their Impact
December, 10 2014
Global - Technology for the sake of technology is a waste of precious resources. Social entrepreneurs need to understand the deep value that ICT can bring to social change when it is offered in context, with appropriate training, and with the intent of empowering the user ...
India: Govt Approves Credit Guarantee Funds for MSME
December, 10 2014
India - The Cabinet today cleared a proposal for setting up of a Rs 500-crore Credit Guarantee Fund for Factoring for MSME units. ...
India: SKS Micro Surges on UBS Report
December, 10 2014
India - Stocks of SKS Microfinance shot up over 10 per cent on Wednesday following a positive report by global financial services firm UBS on the country’s only listed micro-lending company. ...
India: Modi’s Financial Inclusion Scheme is Not as Inclusive as You Might Have Thought
December, 09 2014
India - If you pay taxes or work for the government, you aren't eligible for the benefits under Jan Dhan Yojana ...
Robert Fabricant, Co-founder, Design Impact Group: When Will Design Get Serious about Impact?
December, 08 2014
Global - Human-centered design is about meeting people where they are and really taking their needs and feedback into account. “When you let people participate in the design process, you find that they often have ingenious ideas about what would really help them. And it’s not a onetime thing; it’s an iterative process" ...
Gates Foundation Awards $11 Million for Financial Inclusion in Africa
December, 08 2014
East Africa - The Bill & Melinda Gates Foundation has announced an $11 million grant to MasterCard in support of a new initiative to develop practical and cost-effective financial tools that expand access to financial services for tens of millions of people in East Africa ...
Nigeria: FINCA Holding USA Launches Microfinance Bank Operations
December, 08 2014
Nigeria - FINCA, a global market leader in microfinance network, with 30 years of experience, and operating in 23 countries across Africa, Latin America, Eurasia and the Greater Middle East and serving 1.7 million clients, has launched its first branch of FINCA Microfinance Bank Limited in Nigeria ...
India: Many Microfinance Institutions Keen on Small Bank Licence
December, 08 2014
India - A number of microfinance institutions (MFIs) are keen to apply for a small bank licence, despite lingering concerns over the high cost of banking operations, the difficulty in building a robust base of retail deposits and the need to comply with tougher regulatory norms ...
Poor Behaviour
December, 06 2014
Global - Paying attention to how the poor actually think would also imply big changes to financial-inclusion policies, encouraging financial products that people want to buy ...
Efina Survey Reveals 39.6Mn Adults in Nigeria Still Financially Excluded
December, 06 2014
Nigeria - According to Ms. Modupe Ladipo,chief executive officer of EFInA, “The good news is that, since EFInA started measuring financial access in 2008, the number of Nigerian adults with access to formal financial services (such as bank accounts, insurance, pensions, mobile money or microfinance bank products) has increased by 25 million ...
Does Information Overload Affect Uptake of Financial Services?
December, 05 2014
Global - There is great opportunity for MFIs and others to use their existing infrastructure and relationships to offer non-credit services, but it comes with the risk that consumers may not understand or use the information provided to make decisions that best address their complex financial needs ...
Investing for Good, Not Just Return, Grows to $6.57 Trillion Since 2012
December, 05 2014
Global - Sustainable and responsible investing assets have grown 76 percent in the last two years, from $3.74 trillion in 2012 to $6.57 trillion at the start of this year ...
The EIB Boosts Innovation in Tunisia Via Support for the Private Sector
December, 05 2014
Tunisia - Two new finance contracts totalling EUR 21m (TND 48m) were signed with the microfinance institution Taysir and Banque Tuniso-Koweitienne (BTK) in the framework of a partnership agreement with Réseau Entreprendre ...
Timor Leste’s First Mobile Money Pilot Launched to Expand Access to Financial Services
December, 04 2014
Indonesia - BNU, in partnership with Timor Telecom, and with support from the Inclusive Finance for the Under-Served Economy (INFUSE) Programme and MicroSave, launched Timor-Leste's first mobile wallet product called BNU Mobile. ...
Philippines: Microfinance Shows Way for Profitable, Low-risk Banking Business, Says Bangko Sentral
December, 04 2014
Philippines - In a speech during the 12th Citi Micro Awards, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said microfinance operations in the country show that this niche offering can improve banks' profitability and operations ...
Open India: New Interactive App Features State-level Sectoral Data
December, 03 2014
India - What is the World Bank Group (WBG) doing to help address India's development challenges? And how is the Bank doing in implementing its programs in India's low-income states? These are some of the questions that are addressed via Open India (openindia.worldbankgroup.org), a new web-based app that lays out the WBG's Country Partnership Strategy (CPS), operational projects, and knowledge products in India ...
Why Impact Assessments Are Good for Non-profits but Bad for Business
December, 03 2014
Global - In the hands of corporations aiming to profitably serve the poorest consumers impact assessments can impede progress ...
Grameen Tries Crowdfunding in China to Take Microfinance to Rural Entrepreneurs
December, 03 2014
China - Today Grameen partnered up with Chinese ecommerce store JD to use the company’s new crowdfunding site in order “to raise money to establish Grameen China’s ground operations. ...
Christopher Geldard, Capco Partner: Financial Inclusion – From Margins to Mainstream
December, 02 2014
Global - Given the huge scale of the opportunity, what’s holding banks back from greater involvement in under- and unbanked markets ...
Lydia Lariba Bawa, National Insurance Commissioner in Ghana: Regulating for Inclusive Insurance Markets in Ghana
December, 01 2014
Ghana - In 2010, the findings of a FinScope Survey in Ghana revealed that only 5% of adults have access to either formal or informal insurance services. The findings of the survey pointed to an urgent need to take some action to improve insurance inclusion ...
Africa: Vodacom Looking to Expand Use of M-pesa
December, 01 2014
Africa - Vodacom is in talks with small and big companies with the aim of getting them to use its mobile payment platform, m-pesa, to pay salaries to employees and allow customers to pay for goods using the system ...
India: Payments, Small Banks to Ring in Innovation
December, 01 2014
India - The Reserve Bank of India (RBI) on Thursday released the final guidelines for licensing of payments and small banks. These banks are intended to cover the unbanked and underbanked areas and increase banking penetration in the country, stated the circular ...

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