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Oct 2014
Muhith: Bangladesh to Become Poverty-free by 2021
October, 20 2014
Bangladesh - The microcredit organisations are playing a great role here although the rate of interest is a bit high in the country. Small traders will be benefited if the rate can be reduced. That is the area where we need to put more focus' said Muhith ...
Microfinance Veterans Face up to New Technologies and New Competition
October, 20 2014
Global - New credit providers are transforming financial services, forcing traditional organisations to re-examine their business models ...
India: Microfinance - To Hell and Back
October, 19 2014
India - In a nation where half the population isn’t served by formal banking system, microfinance industry acquired a halo in the early part of last decade. And then, Andhra Pradesh crisis happened ...
China: Alibaba Sets Up Micro Finance Arm
October, 17 2014
China - Alibaba Holdings Ltd., China’s leading e-commerce company, has set up a micro finance arm in a fresh move to expand its footprint in the financial business, the Hong Kong Economic Journal reported Friday ...
China: Suzhou Bank Joins Hands with P2P Lender
October, 14 2014
China - Experts say the alliance between the bank and the P2P lending website, the first of its kind, is a good attempt to improve lending services for small and micro-sized companies, despite of some risks ...
Serbia: EFSE and Komercijalna Banka Broaden Partnership with a New Senior Loan Agreement for Housing Credit
October, 14 2014
Serbia - For Komercijalna Banka, a longstanding EFSE partner lending institution, this is the first credit facility from the EFSE to be specifically dedicated to housing and home improvement ...
Social Financing: Three Opportunities and Three Questions
October, 13 2014
Global - Combining the creation of social impact with financial returns is hard. Demonstrating social impact can be just as hard, and using impact analysis to actually improve a social investment strategy so that it creates greater social impact and financial returns is even harder. This is the challenge social financiers set themselves and social impact analysis is needed to help them rise to meet it ...
Gambia: WWF-Senegal Office Micro Finance Programme Establishes Cooperative Credit Unions
October, 13 2014
Gambia - Amadou Camara, conservation director World Wide For Nature (WWF-WAMPO) office in Senegal has said WWF-WAMPO established cooperative credit unions in Cayar and Popenguine, to reduce pressure on the fisheries resources, promote economic diversification and encourage alternative environmentally-friendly activities ...
India: Modi Launches Ambitious Village Project ‘Saansad Adarsh Gram Yojana’
October, 12 2014
India - According to Ministry of Rural Development, the scheme is unique and transformative as it has a holistic approach towards development. It envisages integrated development of the selected village across multiple areas such as agriculture, health, education, sanitation, environment, livelihoods etc. ...
Socially Responsible Investors in EU Adopt Active Role
October, 10 2014
Europe - Socially responsible investing (SRI) keeps drawing solid interest in the EU, NGO Eurosif found in its latest survey: assets invested in financial instruments such as green bonds and micro-finance ventures grew 21,7% to €16,8 trillion between 2011 and 2013 in 13 European countries ...
Advans SA Raises $27m from Existing Shareholders in Third Round of Fundraising
October, 10 2014
Global - This capital was provided by existing shareholders and will be used to fund microfinance institutions in developing countries, with a focus on Africa and Asia. ...
Taking Measure of Impact Investing
October, 10 2014
Global - Between 1990 and 2010, the percentage of the world's population experiencing extreme poverty fell from 43 percent to 21 percent -- nearly a billion people. It's hard to imagine a more profound example of social impact in recent history, yet this was driven mainly by for-profit economic entities that probably weren't promoting a "double-bottom line. ...
Bandhan, India’s Largest Microfinance Institution, Accelerates Financial Inclusion with FIS
October, 09 2014
India - As Bandhan’s strategic technology partner, FIS will provide and manage a fully integrated banking and payments platform through a totally outsourced delivery model, encompassing core banking, channel solutions, treasury, trade finance and an entire suite of payments services that includes switching, debit card management and interbank network connectivity. ...
Direct-to-farmer Finance: Business Models for Serving the Hardest-to-reach Smallholders
October, 09 2014
Global - An estimated 90 percent of smallholder farmers lack strong, consistent relationships with buyers – and the access to finance, inputs, agronomic training and other support that typically accompanies those relationships ...
Strong Demand Fuels Renaissance of India Microfinance
October, 09 2014
India - “You are looking at a reformed industry,” says Alok Prasad, chief executive of the Microfinance Institutions Network, which represents India’s 48 largest microfinance companies. “We are once again looking at a pretty rapid growth story. But this time the quality of growth is superior. ...
India: A Fresh Approach to Financial Inclusion
October, 08 2014
India - Financial inclusion has been an important developmental agenda for India. Though financial inclusion is ‘necessary’, it is definitely not a ‘sufficient’ condition for economic growth. It’s like what water does to stimulate germination; but for healthy growth of a seedling, fertile soil, air and sunlight are also important. Lack of even one of these factors will lead to stunted growth ...
Kenya: Equity Bank Challenges M-Pesa’s Monopoly with Smart SIM
October, 07 2014
Kenya - According to Equity Bank, by adopting duoSIM technology, it can now provide an alternative mobile banking and mobile money solution to consumers ...
IFC Provides $125 Million in Loans and Guarantees to BBM to Support Agribusiness in Brazil
October, 07 2014
Brazil - Agribusiness has been one of the most dynamic sectors of the Brazilian economy and represents one of its major competitive strengths, accounting for approximately 20% and 40% of Brazil’s gross domestic product and exports, respectively ...
World Bank Expects Slower Growth in Developing East Asia Pacific in 2014
October, 06 2014
East Asia - Developing countries in East Asia Pacific will see slightly slower economic growth this year, but the pace of growth in the region, excluding China, will pick up next year, as the gradual recovery in high-income economies boosts demand for exports from the region, according to the East Asia Pacific Economic Update released today by the World Bank ...
Africa: Belgian Firm Partners with Local Companies to Offer Financial, School Broadcast Services
October, 06 2014
Africa - The company has partnered with Indigo Telecom in Kenya and Uganda's Maisha Network to enable banks with microfinance institutions to install Automated Teller Machines (ATMs) as well as provide money transfer services ...
AfDB Approves USD 12 Million Line of Credit to Nigeria's LAPO Microfinance Bank
October, 06 2014
Nigeria - The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit (LOC) equivalent in Nigerian Naira (NGN) to LAPO Microfinance Bank (LAPO MfB) in Nigeria ...
Grameen Foundation, MicroEnsure, Penda Health and Clifford Chance Launch New Health Insurance Initiative for Low-Income Kenyans
October, 06 2014
Kenya - The initiative, called the "Uzima Project", will focus on providing low-income people access to high quality health services and financing, along with a messaging and reminders service that encourages users to adopt healthy habits and practices ...
IDB Launches Report on Effect of Broadband on Companies Serving Base of the Pyramid Markets
October, 06 2014
Global - The study shows how broadband has helped profitable business models be more efficient in terms of accessing, creating, and distributing goods and services to the BOP in agriculture, health, education, and financial services. ...
Socially Responsible Investing Around the Globe Isn’t Easy
October, 05 2014
Global - So-called socially responsible investors—who seek to marry long-term competitive financial results with social objectives—have to tangle with yet another risk in emerging markets: the relative lack of disclosure and universal reporting standards, which could make it harder to dig out unethical corporate behavior ...
Sri Lanka: Acquisition of Prime Grameen Micro Finance Limited by HNB
October, 04 2014
Sri Lanka - Further to the announcement made in early August 2014, HNB, a pioneer in microfinance in Sri Lanka, entered in to a shareholder agreement with regard to the acquisition of a stake of 51% of voting rights in Prime Grameen Micro Finance Ltd ...
India: Mobile Wallet Won’t Take Off Unless Direct Withdrawal Allowed - Experts
October, 03 2014
India - The first wave of telco-backed payments banks is slated to charge up India's mobile banking turf but explosive growth in mobile money transactions, mirroring the Africa experience, won't happen unless RBI allows direct cash withdrawals under mobile wallet services, leveraging the reach of telecom retail networks, mobile operators and sector analysts told ET ...
Zimbabwe: Microfinance Lending Grows by 80%
October, 03 2014
Zimbabwe - Total loans advanced by microfinance institutions (MFIs) grew by over 80% to $177,76 million as at June 30 from the same period last year due to improved levels of funding in the sector, the Reserve Bank of Zimbabwe (RBZ) has said ...
Muhammad Yunus, Founder, Grameen Bank: Bangladesh - Women at the Center of our Economic Activity
October, 02 2014
Bangladesh - Over the years, we created a series of social business companies to address different problems faced by the poor in Bangladesh. Whether it’s a company to provide renewable energy, health care or information technology to the poor, the main agent for change has been women ...
Kim Tan, Chairman, SpringHill Management: Impact Investing - Time for New Terminology?
October, 01 2014
Global - If we are to effectively grow the impact investing community, we need more clarity about what impact investing is—and isn’t. ...
Will There Be Enough ESG Opportunities to Meet Demand?
October, 01 2014
Global - So-called “responsible” investing is gaining cred both with retail investors and institutional investors. But as Cerulli Associates points out in a recent report, the question is whether growing interest in green or responsible investing will translate into more investible opportunities in this space ...
Caroline Ashley and Joe Shamash: Breaking through to People at BoP - How Are Different Sectors Performing?
October, 01 2014
Global - BCtA’s five year progress report, Breaking Through, reveals some interesting trends in the inclusive business sector. ...
Amy Parker, Programme Manager, Children in Crisis: Banks in the DRC - The Community that Saves Together Stays Together
October, 01 2014
Democratic Republic of the Congo - Informal banking groups in the Democratic Republic of the Congo empower women, fund food and bridge ethnic boundaries. ...
Ghana: MFIs Credit Bureau on Course
October, 01 2014
Ghana - Work on a credit referencing system for the microfinance sector is scheduled to be completed by middle of next year, the Ghana Association of Microfinance Companies (GAMC) has said ...

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