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Apr 2015
India: Microfinance Sector Poised to Grow Robustly in Five Years
April, 17 2015
India - The MFI market is likely to consolidate as high barriers to entry and infusion of capital provide big players a leg up ...
Grameen Foundation CEO Alex Counts: 'By making it available to people, you are almost by definition doing good'
April, 16 2015
Global - In the global development world, microfinance’s evolution has been a study in extremes. It has careened from hero to villain status over the years, inspiring a Nobel Peace Prize, being blamed for debtor suicides – and more recently settling into a more realistic persona: that of a helpful but not transformative anti-poverty tool ...
Bamboo Finance Announces the First Close of Financial Inclusion Fund II
April, 16 2015
Global - Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of $31 million in its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM. ...
The Slow Global Spread of Savings Accounts
April, 15 2015
Global - Last year, researchers travelled around the globe to talk about personal finance with a hundred and fifty thousand people, representing a range of socioeconomic classes, and living both in cities and in remote, rural parts of more than a hundred and forty countries ...
Gender Gap Persists for Bank-Account Holders
April, 15 2015
Global - A persistent gap between the portion of men and women who have bank accounts is confounding experts despite huge leaps in access to banking services and the financial system globally ...
Mobile Phones Are Revolutionizing Personal Finance in Sub-Saharan Africa
April, 15 2015
Sub-Saharan Africa - Twelve percent of all adults in sub-Saharan Africa use their phones for non-bank financial transactions, by far the highest rate of any region in the world, according to a report released Wednesday by the World Bank ...
Insurers Must Adapt to 'Informal' African Market
April, 14 2015
Africa - Insurance companies are struggling to gain a foothold in Africa, where populations tend to favour community insurance schemes called tontines. These are often informal agreements between trusted friends and family members ...
What Are the Impacts of Microfinance, Really?
April, 14 2015
Global - While certain initial expectations of microfinance have not been fulfilled, many agree that the institution has had enough successes that it should remain in place but with reforms ...
China: New Benchmark for 2015 - 110 Million USD Financed for 9Fbank to Boost Mobile Finance
April, 14 2015
China - 9Fbank is one of a few Internet finance companies that have survived the financial crisis. It acquired Angel Investment of RMB 10 million in 2006 and an investment of 3 million USD from a company listed on the Main Board of HKEx in 2009, to develop small and micro finance businesses ...
$73bn More Needed Every Year for Social Development Goals, Says ODI
April, 13 2015
Global - If development strategies remain the same, the gap between rich and poor countries will widen, leaving an estimated 550 million people living on less than $1.25 a day, according to the ODI ...
Liberia: Microfinance Chairman Promises More Capacity Building
April, 12 2015
Liberia - The newly elected chairman of the Network of Microfinance in Liberia (NEMIL), Rev. Steve N. Gaye, has promised to focus on capacity building of member institutions, including seeking national and international support for the network ...
India: Positive Microfinance Trend
April, 12 2015
India - The gross loan portfolio of microfinance institutions (MFIs), registered with the Reserve Bank of India as non-banking financial companies (NBFCs), can cross Rs 1 lakh crore by March 31, 2018 ...
Sendy, Chief Executive, KreditGoGo: Indonesia - Financial Inclusion and the Middleman
April, 12 2015
Indonesia - Existing models of financial inclusion, meaning the delivery of financial services at affordable costs to disadvantaged and low-income segments of society, typically include three components: access to savings accounts, access to transaction and payment networks, and access to microfinancing products ...
India: Eight Months on, Two Charts Show the Reality of the Prime Minister's Financial Inclusion Scheme
April, 10 2015
India - Two of every three bank accounts opened under Jan Dhan Yojana have zero balance. Not a single insurance claim was settled during the last year ...
India: Coming of Age - Institutional Investors See Investment Merit in NBFCs, MFIs
April, 10 2015
India - Institutional investors in the debt market are gradually gaining confidence about looking beyond traditional government and highly-rated corporate debt to bonds and other debt instruments issued by non-banking finance companies (NBFCs) and microfinance institutions (MFIs). NBFCs and MFIs are also helping create this new market, either by issuing debentures or pooling their debt assets. ...
Only 2.6m Nigerians Operate MFB Accounts – Investigation
April, 09 2015
Nigeria - Despite the huge numbers of Microfinance Banks, MFBs, operating in the country and regulatory authorities’ efforts to use them as channels for financial inclusion, investigations have confirmed that only 2.6 million of the adult population had MFB accounts ...
Gloria Grandolini, World Bank Group: From Fragile to Functional - Building Payment Systems in Developing Countries
April, 08 2015
Global - With around 1.5 billion people living in countries affected by ongoing conflict, building functioning payment systems is vital to reducing poverty and strengthening shared prosperity. ...
Kenya: Why M-Shwari Works
April, 08 2015
Kenya - With the rapid uptake of M-Shwari, Commercial Bank of Africa (CBA) is the envy of the digital financial services industry ...
What Investors Think About Socially Responsible Investing
April, 08 2015
Global - Younger wealthy investors have a greater interest in socially responsible investments than older investors ...
Joshua Goldstein, CFI: Is Loan-Officer-Centricity a Key to Customer-Centricity? What Does Starbucks Teach Us?
April, 08 2015
Global - “Customer-centric” is defined by businessdictionary.com “as creating a positive customer experience at the point of sale and post-sale.” Gerhard Coetzee, Senior Financial Sector Specialist at CGAP, and his team are exploring how customer-centricity can be best customized and then operationalized for low-income people, in particular the unbanked and clients of financial institutions (FIs), with a strong emphasis on “customer empowerment. ...
India: New Bank to Fund Micro Units, More Relief for Farmers
April, 08 2015
India - On the new banking scheme, Modi said he was delivering on a promise made. "After 'banking the un-banked' with the Jan Dhan Yojana, it's time to 'fund the unfunded'," he told the event to launch what is formally called the Micro Units Development and Refinance Agency - Mudra ...
World Bank President Outlines Strategy to End Poverty, Welcomes New Development Partners
April, 07 2015
Global - World Bank Group President Jim Yong Kim today announced a broad strategy to end extreme poverty by 2030, and he welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging markets ...
India: RBI Eases Lending Norms for Microfinance Companies
April, 07 2015
India - In its monetary policy announcement, the central bank stated that it has raised the total indebtedness of a borrower to Rs1 lakh. ...
Jordan Gildersleeve, Associate, MaRS Centre for Impact Investing: Segmenting Important for Impact Investors Too
April, 04 2015
Global - Perhaps the most logical approach to segmenting impact investors is to place them along a spectrum – ranging from those who prioritize impact, like foundations, to those who prioritize financial returns, like hedge funds ...
Arthur Pinheiro Machado, CEO, Americas Trading Group: Are Social Programs Real Instruments for Inclusion in Brazil?
April, 04 2015
Brazil - Before the recent presidential elections in Brazil, an intense discussion emerged: is the family grant program (Bolsa Família) an effective instrument for social inclusion and reduction of inequality or is it a mere instrument to win votes from citizens in the lower class? ...
Malaysia: Finally a Capital Leg up
April, 04 2015
Malaysia - Irrespective of whether the intention is to stay small or to expand, opportunities are now being presented to the willing. These came with two recent announcements ...
Smart Campaign Announces Enhancements to Client Protection Certification Program
April, 02 2015
Global - The changes will enable the program to better meet the growing global demand for certification among microfinance institutions, while ensuring that certified institutions demonstrate high standards and the program maintains strong governance and quality control ...
Afghanistan: Modern Credit Infrastructure Allows for Quicker Loans
April, 02 2015
Afghanistan - Recent credit infrastructure modernization in the banking sector have made transactions easier to process, and have facilitated access to loans for small businesses ...
Singapore, Indonesia Lead Growth in Sustainable Investing in Asia
April, 02 2015
South Asia - Asia may be lagging Europe and United States in sustainable investing, but the market is healthy and growing rapidly, with Singapore and Indonesia leading the growth. ...
India: Modi Asks Reserve Bank to Prepare 20-year Financial Inclusion Roadmap
April, 02 2015
India - Prime Minister Narendra Modi on Thursday asked the Reserve Bank of India to prepare a 20-year roadmap for deepening financial inclusion in the country. ...
IFC Helps Expand Financing for Rural Enterprises and Agribusinesses in Cambodia
April, 02 2015
Cambodia - IFC, a member of the World Bank Group, together with the Global Agriculture and Food Security Program (GAFSP), is providing a syndicated loan of up to $110 million to ACLEDA Bank Plc. to promote financing to rural and micro businesses, especially those in the agricultural sector. ...
Jessie Wild Sneller, Fellow and Business Designer, IDEO.org: 6 Insights Driving Digital Design for Smallholders in Zimbabwe
April, 01 2015
Zimbabwe - Designing human-centered solutions for smallholder farmers begins with inspiration. Over the past few weeks, IDEO.org designers have traveled across Zimbabwe, seeking inspiration for our design process through conversations, observations, and immersive activities with a diverse array of actors in rural communities ...
Kenyan Startups Tackle Expensive Remittances through Bitcoin
April, 01 2015
Kenya - In Africa, Bitcoin’s future is looking up. A number of start-up companies in Kenya have been attracting investment in the hopes that Bitcoin could be a new answer to an old problem: the high cost of sending remittances ...
East Africa: Mobile Money Transfer Across EA Coming Soon
April, 01 2015
Africa - Citizens of the East African Community will by the end of this year be able to transfer money via mobile phones across borders if full implementation of the One Area Network Agreement (OANA) succeeds ...

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