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Nov 2018
Cambodia: Bank Loan Portfolios Set to Be at Least 10% in Local Currency
November, 13 2018
Cambodia - Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year ...
How to Attract Private Capital to the Poorest Countries
November, 12 2018
Global - Development finance unlocked some $81 billion in private capital for global development between 2012 and 2015. Only $5.5 billion, or less than 7% of the total, ended up in one of the world’s 47 least developed countries ...
R. Scofield, President and CEO, Finca International: Impact Investing - Prioritizing Change over Profit
November, 12 2018
Global - Rather than impact investing being defined by those who demand strong financial returns, those of us truly invested in impact need to set ourselves apart. ...
Citi and Banco Guayaquil Sign $20 Million Loan Agreement Benefiting Microfinance in Ecuador
November, 12 2018
Ecuador - The agreement is part of a $250 million strategic agreement between Citi and the U.S. Overseas Private Investment Corporation (OPIC) to fund inclusive finance programs in emerging markets. OPIC seeks out private capital to promote the development of strategic sectors with high social impact. ...
Malaysia: RM78.74 Mln for Women’s Development
November, 10 2018
Malaysia - The Sabah government will be allocating RM78.74 million for the development of women in Sabah through various programmes and activities ...
Enhancing Financial Inclusion Among Bottom-of-the-Pyramid Entrepreneurs in Mexico
November, 09 2018
Mexico - A new report by the Institute for Business & Social Impact at the Haas School of Business, University of California, Berkeley, in partnership with the Mastercard Center for Inclusive Growth, surveys microenterprise owners clustered at the bottom of the pyramid in Mexico and investigates possible reasons for their disinterest in formal financial services ...
Zimbabwe: Mobile Payment Deal for Cotton Farmers
November, 09 2018
Zimbabwe - Cotton farmers who have been struggling to access mobile payment due to lack of network in their remote areas can now access the facility after the Cotton Marketers Association and a local telecommunications company entered into a financial inclusion deal ...
ShoreCap III Makes Maiden Investment
November, 08 2018
Sub-Saharan Africa - Equator Capital Partners, an impact fund manager, has announced the first investment from its new ShoreCap III fund in MFS Africa, a Pan-African fintech company, operating the largest digital payments “hub” on the continent. ...
India: Manappuram Finance Allows Equity Infusion up to Rs 150 Crore in Asirvad Micro Finance
November, 08 2018
India - Asirvad operates in the microfinance sector. The capital infusion will facilitate in business growth of the subsidiary. Being the largest business, after gold loans, microfinance is strategically important to the company, Manappuram Finance added ...
Pakistan: CCP Approves Alipay’s 45% Stake in Telenor Microfinance Bank
November, 08 2018
Pakistan - The antitrust watchdog has allowed Alipay – an affiliate of online shopping giant Alibaba – acquisition of 45% stake in Telenor Microfinance Bank Limited, facilitating the company in starting its operations in Pakistan by the end of current year ...
Fintech Activity in Latin America Spreads to 18 Countries
November, 07 2018
Latin America - The report Fintech en América Latina 2018: crecimiento y consolidación (Fintech in Latin America 2018: Growth and Consolidation), published today by the Inter-American Development Bank and Finnovista, identified 1,166 financial technology startups (Fintech), a rise of 66% since the first study published by the two organizations in 2017 ...
Why Rwanda Tops EIU Business-friendly Survey
November, 07 2018
Rwanda - Rwanda has topped its East African peers as the country with the most conducive environment for enabling its citizens to obtain access to financial services. It is followed by Tanzania, Kenya and Uganda, according to a new survey by the Economist Intelligence Unit (EIU) ...
No Silver Bullet for Women Entrepreneurs
November, 07 2018
Asia - Women’s entrepreneurship is a top regional concern in Asia, where women own more than half of the small and medium enterprises (SMEs) in some countries. Even where women are starting businesses at relatively high rates, however, their profits and growth are constrained relative to their male counterparts ...
Kenya: Western Union Reinforces M-Pesa's Inclusion Stronghold by Unlocking Global Pay-outs
November, 07 2018
Kenya - Western Union has partnered with Safaricom, Kenya’s mobile network and wallet provider to allow 28 million M-Pesa users to send outbound money transfers overseas ...
China’s CFPA Microfinance Raises $140m in Series C Led by The Rise Fund
November, 07 2018
China - The latest funding round adds The Rise Fund to CFPA’s list of big-ticket investors, which now include Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital China, High Impact Capital Advisors, and Renda Puhui ...
IFC Finances Uzbek Ipak Yuli Bank's Plan to Help MSMEs
November, 06 2018
Uzbekistan - International Financial Corporation (IFC), a member of the World Bank Group, provided a local currency-linked loan of up to $15 million to the Uzbek Ipak Yuli Bank to expand lending to micro, small and medium-sized enterprises (MSMEs) in Uzbekistan, IFC said in a press release ...
IFC, Tamweelcom Help Support Microbusinesses and Women Entrepreneurs in Jordan
November, 06 2018
Jordan - IFC, a member of the World Bank Group, is providing a $10 million loan in local currency to a leading microfinance institution in Jordan, part of an effort to support smaller businesses and entrepreneurs, including women ...
Christopher Hirst, Palladium: Why I Don’t Believe in the SDGs (and How Impact Investing Is Changing my Mind)
November, 06 2018
Global - The current funding levels for the SDGs don’t come close to what’s needed—impact investing may be the key to closing the gap ...
Nigeria: Osun Disburses over N4bn to MSMEs in 6 Years as Micro Credit Agency Digitizes Loans
November, 05 2018
Nigeria - The number of MSMEs in the State of Osun has increased by 182% in the last seven and half years. This is evident in the massive efforts of the Rauf Aregbesola administration to revamp the economy and boost the Gross Domestic Product, GDP, of the State ...
Cambodia: Prasac Microfinance Institution to Receive $40 Million Loan
November, 01 2018
Cambodia - The ADB has approved $40 million loan to Prasac microfinance institution to expand micro and small, medium-sized enterprise lending, according to the report ...
Boston Is a Growing Hub of Global – and Local – Impact Investing
November, 01 2018
USA - When Jessica Brooks started at Boston Community Capital, it was one in a handful of impact investors in Boston. The kind of work the community development financial institution—now called BlueHub Capital—was doing wasn’t called impact investing then. That was 17 years ago. “Impact investing” came later. ...
India: MFIN Insists All Micro Lenders to Sign Common Microfinance Code
November, 01 2018
India - Microfinance Institutions Network (MFIN), the sector's lobby group, plans to name and shame lenders who do not sign the common microfinance code for banks, small finance banks and specialised microfinance firms, in an effort to make the code an workable idea. ...
Start-Up to Foster Financial Inclusion and Affordable Remittance Services in Sub-Saharan Africa
November, 01 2018
Africa - The unbanked population in Sub-Saharan Africa could soon find support in the form of DMC, a blockchain-based platform that aims to make the business of mobile money transfers more affordable while also encouraging financial inclusion ...

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