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Banks Should Lend More to Middle East SMEs, Says IIF
October, 28 2013
MENA - Bank lending in the Middle East and North Africa is still not sufficiently reaching the private sector, in particular small-and-medium-sized enterprises, posing an obstacle to faster economic growth in the region, according to the Institute of International Finance (IIF) ...
The Trouble with Microfinance
October, 28 2013
Global - Microfinance, as useful as it may sometimes be in reducing poverty, is of limited use in long-term economic development ...
Lunch with the FT: Muhammad Yunus
October, 25 2013
Global - "Microcredit is like banking. Should banking be shut down because it created the financial crisis? No. Similarly, shouldn’t banking for poor people continue? How to do it more systematically, more formally, these are the questions. ...
Thailand: Microfinance Rate Set at 3% Monthly
October, 23 2013
Thailand - The Ministry of Finance has set the lending rate of its coming microfinance programme at no more than 3 per cent per month in hopes of reducing underground debts and luring companies into operating microfinance services, which are expected to commence by the end of this year ...
India: Crisil Awards High Grading for 4 MFIs
October, 21 2013
India - As a part of the ongoing process of evaluating financial institutions, rating agency Crisil has awarded ‘mfR1’ grading to four microfinance institutions - Bandhan Financial Services, Equitas Microfinance, Janalakshmi Financial Services, and Ujjivan Financial Services ...
South Africa: JPMorgan SME Project to Boost Employment
October, 18 2013
South Africa - Leading financial institution JPMorgan, through the JP Morgan Chase Foundation, says well-structured incubators — or business development support services — can help small businesses grow their revenue and employ more people ...
India: MFIs Close to Being a 100% Insured Industry
October, 17 2013
India - Barely two years ago, a crisis-ridden microfinance sector was struggling to integrate into the formal finance sector. In 2013, the sector is close to being 100 per cent insured, as it has emerged as one of the largest platforms for marketing insurance products ...
Nigeria: N220bn MSME Fund and Bureaucracy, MFBs Still Waiting
October, 16 2013
Nigeria - Barely three months after the launch of the Micro, Small and Medium Enterprise (MSME) development fund by the Central Bank of Nigeria (CBN), the fund has not been disbursed to micro-finance banks (MFBs) for on-lending to low-income earners ...
Georgia: Microfinance and Foreclosure
October, 14 2013
Georgia - Microfinance in Georgia is commonly presented in a positive frame. Proponents point to increased economic activity and a reduction of poverty directly related to microfinance lending. There is another side to this story though. ...
World Bank President to Open 2013 Microcredit Summit
October, 08 2013
Philippines - Delegates at the 2013 Summit will explore the different roles that microfinance institutions, banks, payment providers, regulators, policy makers, and social development organizations can play in partnership to help in the process of ending severe poverty ...
India: Most SMEs Lack Access to Banks, FIs - ASSOCHAM
October, 07 2013
India - Most of the Indian micro, small and medium enterprises (MSMEs) lack access to banks, financial institutions (FIs) and so they intend to raise finance through informal financers, friends, family and other such personal channels, apex industry body survey said Monday ...
Azerbaijani Microfinance Market to Double in Near Future
October, 06 2013
Azerbaijan - In the near future Azerbaijani microfinance market may double, the head of the National Confederation of Entrepreneurs (Employers) of Azerbaijan (NCEA) Mammad Musayev said during a speech at the Investors Fair in Baku. ...
South Africa: New Blow for Microlenders
October, 06 2013
South Africa - With South Africa failing to create a meaningful number of jobs while cash-strapped consumers continue to struggle to repay loans, some experts have warned that the microcredit bubble could pop, raising the risk of social unrest ...
PRI Launches New Reporting Framework for Signatories
October, 02 2013
Global - The Principles for Responsible Investment (PRI) have launched a new reporting framework that is designed to enhance the transparency of disclosures by asset owner and investment manager signatories ...