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Oct 2018
Cambodia: HKL confident of listing success
October, 18 2018
Cambodia - Huot Ieng Tong, president and CEO of Hattha Kaksekar Limited (HKL) yesterday said backed by a solid financial performance the company has strong confidence its upcoming corporate bond listing on the local stock exchange will be a success ...
S. Kaushal, CEO Africa & Middle East, Standard Chartered Bank: How the Rules of the Game Are Changing in Africa’s Banking Sector
October, 17 2018
Africa - Some of the brightest minds are determined to rewrite the rules of the game by harnessing technology to tackle some of the continent’s greatest challenges – with one of them being the distinct lack of access to banking services for large parts of the population ...
India: The Coming SME Squeeze: As funds Run Dry, the IL&FS Contagion Threatens the Livelihood of Millions
October, 17 2018
India - Defaults by Infrastructure Leasing & Financial Services, and a sell-off in bonds of non-banking finance companies (NBFCs) led to a tightening of lending by banks and mutual funds ...
Microfinance : Loans and Deposits on the Rise Across WAEMU, Despite Portfolio Quality Degrading
October, 16 2018
West Africa - At end-June 2018, access to microfinance services across the West African Monetary Union (WAEMU) rose by 10.7% on a year-on-year basis ...
Is it Possible to End Poverty?
October, 16 2018
Global - By 2030, we will see a world without poverty – that is the goal of the UN. But what does it take to make that happen? Some say too much, others say it is the wrong goal. ...
Peru Tops Latin America in Impact Investments
October, 16 2018
Peru - Move over Mexico, Peru is now the top destination in Latin America for impact investment capital. Impact investors invested a total of $1.4 billion in Latin America in 2016 and 2017. The uptick from the previous two-year period was driven by a doubling (from a small base) of capital from homegrown investors. ...
Myanmar: Yoma Bank and MC Easy Microfinance sign two MMK 4 Billion Agreements
October, 16 2018
Myanmar - These new facilities will enable Easy Microfinance to extend its operations and serve an additional 28,000 borrowers, particularly micro-entrepreneurs and small business owners, who need financial assistance in seeding capital for their business’ operations ...
26 Microcredit Organizations Are No Longer Active in Kazakhstan
October, 15 2018
Kazakhstan - Despite the decrease in the number of microcredit organizations, the number of credits provided has been growing at a healthy rate over the last two years ...
T. Adams and S. Dichter, Acumen: Measuring the Impact of Impact Investments – by Talking to Customers Themselves
October, 15 2018
Global - Ironically, while entrepreneurs are feeling the burden of impact measurement, the impact investing sector as a whole has struggled to fully integrate social impact metrics into the day-to-day operations of impact investing funds. ...
IFC Releases Draft Impact Investment Guidelines
October, 15 2018
Global - IFC hopes the principles will become a “market standard” for the impact investing sector ...
Telcos to Link 90m Nigerians in 30 Months
October, 14 2018
Nigeria - Nigeria’s largest GSM operators, Glo, 9Mobile, Airtel, MTN Nigeria and Ntel, are set to help drive the Central Bank of Nigeria’s (CBN) financial inclusion strategy with plans to deepen financial services to 90 million, over the next 30 months ...
Ensuring That The Trillions Have Impact: New Global Minimum Standards for Credible Impact Investing
October, 13 2018
Global - The International Finance Corp (IFC) set global minimum standards for credible impact investing today at the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Bali, Indonesia by releasing a draft of its Operating Principles for Impact Management ...
Africa’s Banks Must Bank on Women
October, 12 2018
Sub-Saharan Africa - Commercial banks in Africa — given their presence in different markets, their adoption of technologies enabling wide distribution and their legacy in providing trusted financial services — should take the lead in serving unbanked women by offering gender-sensitive products ...
India: East, North-East Take the Lead in NBFC-MFI Loan Portfolio
October, 12 2018
India - Talk microfinance and it was the southern States of Andhra Pradesh, Karnataka and Tamil Nadu that featured on top of the list – both in terms of the number of borrowers and gross loan portfolio. But now, east and north-eastern States are clearly taking the lead ...
IFC, Attijari Bank Tunisia to Support SMEs and Sustainable Energy Financing in Tunisia
October, 12 2018
Tunisia - IFC, a member of the World Bank Group, is providing a 40 million subordinated loan to Attijari bank Tunisia, a leading private bank in Tunisia, part of the Attijariwafa bank Group, to help strengthen its capital base and grow its lending operations. ...
Navigating Fintech's Rise: IMF, World Bank Launch Guide for Policymakers
October, 11 2018
Global - The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech ...
Telenor Pakistan and Telenor Microfinance Bank Join Hands with BISP to Empower Beneficiaries through Business Opportunity & Microlending
October, 11 2018
Pakistan - Continuing their pursuit to the shared mission of empowering the Pakistani society, Telenor Pakistan and Telenor Microfinance Bank have partnered with the Benazir Income Support Program (BISP) to facilitate its beneficiaries across Pakistan in several ways that include creating business opportunities, granting microcredit, and extending support in education and health in the long run. ...
How Impact Investing In India Is Proving To Be More Profitable Than Expected
October, 10 2018
India - A report by McKinsey has stated that India’s demand for purpose-driven finance could grow to nearly $8 billion by 2025 ...
Two India-Focused Impact Funds, of $1 Bn Each, Launched During GSG Summit
October, 10 2018
India - Two wholesale funds -- India Impact Fund of Funds (IIFF) and the India Education Outcomes Fund (IEOF) -- to further the growth of impact capital in India were launched on Wednesday during the fourth annual Impact Summit hosted by the Global Steering Group for Impact Investment (GSG) in New Delhi ...
C. Ruehmer, Head of Risk and Compliance, Bamboo Capital Partners: A Three-Fold Approach to Successfully Digitising a Microfinance Business
October, 10 2018
Global - While there is a strong consensus that MFIs must “go digital” to thrive, the steps they have to take to achieve this are not entirely clear ...
Africa: Investisseurs & Partenaires Announces 3 New Investments
October, 09 2018
Sub-Saharan Africa - The fund I&P Afrique Entrepreneurs 2, launched in December 2017 with a first closing at €50 million, made its first investments. Operating in various sectors of activity, the first companies of IPAE 2 portfolio share a common feature: the choice to develop their activities, from the outset, in several African countries. ...
Kenya: SACCOs, MFIs Catch Up With Banks in Share of Personal Loans
October, 09 2018
Kenya - SACCOs and microfinance lenders have caught up with banks and now provide half of the loans issued to private households in Kenya. This is according to a report by ICEA LION Asset Managers which indicates that Private household and trade segments accounted for over 40 percent of total private sector lending in East Africa in the last two years ...
Yoma Bank Makes $4.4m Follow-on Financing in BRAC Myanmar Microfinance
October, 09 2018
Myanmar - Yoma Bank, the financial services arm of First Myanmar Investment Co Ltd, has injected a second tranche of K6.8 billion ($4.4 million) in a follow-on financing round of BRAC Myanmar Microfinance Company Limited to expand its activities in the country, according to an announcement ...
Opinion: Social Impact, India’s Next Growth and Employment Engine
October, 08 2018
India - Impact investment AUM soared to $248 billion in 2016, of which $5 billion were in India. The annual impact investments in India, of just over $1 billion, touch 60-80 million people living in poverty, according to McKinsey. The sector can grow at 20-24 percent to attract $6-8 billion in annual investments, the consultancy said ...
Kenya: Caritas Microfinance Bank Using Coop Bank to Increase Footprint
October, 08 2018
Kenya - Caritas Microfinance Bank, owned by various institutions in the Catholic Church, has embarked on an agency banking plan to increase its footprint from the current 16 agents to 50 by the end of the year ...
Nigeria: CBN to Licence Payment Service Banks to Boost Financial Inclusion
October, 08 2018
Nigeria - To further deepen financial inclusion in Nigeria and achieve the 2020 target, the Central Bank of Nigeria (CBN) said it would be granting operating licence to Payment Service Banks( PSBs) which would operate in rural areas and unbanked areas ...
India: Do Local Banking Agents Drive Rural Savings?
October, 08 2018
India - Banking correspondents reduce cost of access to financial services and increase savings in rural India, a new study suggests ...
Hardware Is Hard: Impact Investors Overcome Obstacles to Back A New Crop of Makers
October, 07 2018
Global - Connectivity, digitization, and data can accelerate social progress and economic prosperity only so far. People’s lives still rely on physical things: infrastructure for shelter and movement, for delivering energy and recycling waste and much more ...
Sri Lanka: ADB and HNB to Strengthen Microfinance Institutions
October, 07 2018
Sri Lanka - HNB PLC, signed a partnership agreement with the Asian Development Bank (ADB) to expand lending and provide guarantees of up to US$ 20 million to support development of Sri Lanka’s burgeoning microfinance sector ...
African Financial Technology Startups Move Beyond Payment Services
October, 05 2018
Sub-Saharan Africa - In “Beyond Payments: The Next Generation of Fintech Startups in Sub-Saharan Africa,” the venture capital firm Village Capital, and their reporting partner, PayPal, tip their hat to M-Pesa and mobile money in Africa, but say that there’s a wave of innovation still to come ...
New U.N.-led Fund May Make Loans As Easy As ABC for Africa's Farmers
October, 05 2018
Africa - A new United Nations-led multi-million dollar investment fund is targeting young farmers and agribusiness owners, whose struggle to access loans threatens food production and global goals to end hunger, particularly in Africa ...
Why Market View Changed for Financials
October, 04 2018
India - Lending and leverage are no strangers to each other. In fact, every economic boom makes them great bedfellows. They come together, combine, grow, expand, balloon and implode in every cycle. ...
FINCA Impact Finance, MEF and BlueOrchard Announce USD 20 Million Loan Facility
October, 04 2018
Global - FINCA Impact Finance (FIF), a global provider of financial services, announced today that it has entered into a joint USD 20 million loan facility with the BlueOrchard Microfinance Fund (BOMF) and Microfinance Enhancement Facility S.A., SICAV-SIF (MEF). Blue Orchard Finance, Ltd. a pioneering impact investment manager, arranged the facility on behalf of the lenders. ...
IFC, Mastercard Launch Handbook to Advance Financial Inclusion in Africa
October, 04 2018
Sub-Saharan Africa - IFC, a member of the World Bank Group, together with the Mastercard Foundation, today launched the Digital Financial Services for Agriculture Handbook to support the expansion of financial inclusion to smallholder farmers and agricultural value chain actors in Sub-Saharan Africa. ...
More South Africans Applying for Credit Despite Depressed Economy
October, 04 2018
South Africa - Despite South Africa's poor economic climate there was an increase in the amount of consumers who took out mortgages for homes, according to the latest credit report. ...
UNDP Launches SDG Impact Platform for Investors and Businesses
October, 04 2018
Global - The UN Development Programme (UNDP) presented the SDG Impact initiative on the sidelines of the 73rd UN General Assembly (UNGA). SDG Impact aims to empower investors and businesses to contribute to the SDGs, including by providing country-level data and SDG investment roadmaps ...
IDB Invest and OPIC Launch Gender Focused Fund for Latin America and the Caribbean
October, 03 2018
Latin America and the Caribbean - IDB Invest and OPIC partnered to launch Fund Mujer, the first gender-focused fund for Latin America and the Caribbean, to invest in female entrepreneurs, companies with a significant share of women leaders, and firms that generate jobs or consumer products for women. The fund has a US$200m target and is expected to be comprised of 70% equity / 30% debt. ...
What Global Megatrends Can Teach Us About Impact Investing
October, 03 2018
Global - Local issues attract some to social impact investing, as the rise of place-based investment models shows. Others, however, take a broader approach, letting global megatrends – such as population shifts and strains on natural resources – guide their socially conscious investment choices ...
India: Microfinance Sector Needs Cash
October, 03 2018
India - The country’s microfinance sector, which recorded a robust performance in the first quarter, may need Rs 6,000-9,000 crore over the next three years to meet its growth plans, a report has said ...
What Kenya’s Mobile Money Success Could Mean for the Arab World
October, 03 2018
Middle East & North Africa - M-Pesa is a platform that offers retail financial services via mobile phone to Kenyans, especially those in underserved rural areas. It has experienced a huge and rapid success since its inception. This success could inspire countries in the Middle East and North Africa (MENA) region in their search for a new source of growth and jobs. ...
Commercial Banks of Uzbekistan to Be Able to Issue Microloans
October, 02 2018
Uzbekistan - Commercial banks of Uzbekistan received the right to provide microloans along with microcredit organizations, Uzbek media reported. The Senate (upper house) of the Uzbek parliament approved the relevant amendments to the legislation at the 16th plenary meeting on September 27 ...
R. Goodwin-Groen, Managing Director, Better Than Cash Alliance: Accelerating the SDGs - How Digital Finance Can Ignite Faster Progress Toward the Global Goals
October, 02 2018
Global - Today, two in three adults worldwide, more than ever before, have access to mobile money, formal accounts, electronic payments and fintech apps, making it easier to reach those who had previously been excluded from the formal economy. When deployed responsibly, digital financial services can be an important part of the solution for critical issues, including hunger, health, clean energy and climate change ...
Sri Lanka Launches First Social Impact Funds
October, 01 2018
Sri Lanka - Two Memoranda of Understanding were signed today in New York, launching Sri Lanka’s first social impact funds aimed at supporting social entrepreneurs access innovative financing, to help achieve the 2030 Agenda for Sustainable Development ...

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