Social Impact Funds Make an Impression
April, 13 2014
Global - While a number of impact investment management companies have been in existence for a while, such as the UK’s Bridges Ventures, French insurer and investment manager Axa Group believes it is breaking new ground with its €150m social impact fund ...
India: Bandhan Signals Competition for Rural Microfinance
April, 12 2014
India - One big implication of the grant of a banking licence to Bandhan Financial Services on the basis of its 13-year record in micro-lending to the poor and disadvantaged is the likely impact on the nascent market for deposits in rural areas.
Increasing Financial Inclusion to the Unbanked in Africa
April, 11 2014
Africa - In terms of financial growth, Africa is a region ripe with potential – and concrete demand. Building the strong infrastructure needed for full financial inclusion – from innovative technologies to an informed clientele – will require patience, expertise, and support from investors, practitioners, and clients alike ...
Digital Finance: Empowering the Poor via New Technologies
April, 10 2014
Global - Delivering financial services through technological innovations, including via mobile money, can be a catalyst for the provision and use of a diverse set of other financial services – including credit, insurance, savings, and financial education ...
Can Social Enterprises Really Solve Poverty?
April, 08 2014
Global - In the fight against poverty, one of the most exciting developments in recent years has come in the form of a new kind of business. It goes by many names: social enterprises, inclusive businesses, market-based solutions to poverty, among others. ...
China Commercial Credit Launches Pride Lending Club Online Loan Portal
April, 08 2014
China - China Commercial Credit, Inc. CCCR +4.05% , a microfinance company whose current major business is providing microcredit loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today said it has launched Pride Lending Club, an online loan portal subsidiary pairing prospective borrowers with willing lenders and qualified loan guarantors throughout China. ...
Microlender Trumps Billionaires to Win India Bank Permit
April, 03 2014
India - A banking permit “validates the microfinance business model” in India, C.S. Ghosh, Bandhan’s chairman and managing director, told Bloomberg TV India yesterday. The microlender will continue to focus on rural areas, he said. ...
Sri Lanka: NDB Raises US $ 125 Mn with IFC
April, 01 2014
Sri Lanka - National Development Bank has been provided with a US$125 million financing package by IFC, a member of the World Bank Group to expand access to finance for over 50,000 micro, small and medium enterprises over the next four years, an official statement by IFC said ...