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India: Goa Will Have 100% Financial Inclusion
October, 30 2014
India - Panaji: With 95% of the house-to-house survey completed and the procedure to allot accounts to Goans done, Goa may well be the first state to be entirely covered under the Prime Minister's Jan Dhan Yojana. With this, Goa will be the first state to achieve complete financial inclusion, officials close to the development said
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Nigeria: Emefiele’s Move To Connect Finance To Development
October, 30 2014
Nigeria - Despite precarious levels of unemployment and underemployment in the developing world, many central banks in those regions have not seriously considered employment creation as part of their mandate. Instead, they have narrowly interpreted monetary policy to mean just stemming the tide of inflation through inflation-targeting and price stabilisation
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China’s Alibaba Launches Microfinance Arm, Ant Financial, to Consolidate Financial Services Units Including Alipay Mobile Payments, Yu’e Bao Money Market Fund
October, 28 2014
China - Alibaba Group Holding Limited, a Chinese internet and e-commerce company, recently launched Ant Financial Services Group, a microfinance arm to consolidate all six of Alibaba’s affiliated entities Alipay, an online payment tool; Alipay wallet, a mobile payment application; Yu’e Bao, a USD 93 billion money market fund; Zhao Cai Bao, a platform that allows individuals and small businesses directly borrow from investors; Ant Micro, a microfinance provider and MY Bank, an affiliated private bank
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3 Lessons on Financial Inclusion and the Sharing Economy
October, 25 2014
Global - Why is it that despite new technologies and widespread innovation, today's financial sector provides such ill-fitting products and services to so many people and leaves so many more entirely unserved? We are missing a huge opportunity for business, policy and society alike - a missed opportunity with lasting negative effects
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Bank Of Thailand Considers Nano-financing for Grass-roots People
October, 25 2014
Thaïland - The Bank of Thailand (BOT) said "nano-financing" could provide added protection and fairness for consumers along with better management of informal loans outside the financial institution system through the increase of clarity and transparency, as nano-finance would encourage people to offer and get loans from within the formal system
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Indonesia: BPD, Sharia Banks Can Go Mobile - OJK
October, 24 2014
Indonesia - As part of efforts to open up greater public access to financial services, the Financial Services Authority (OJK) will regulate the implementation of branchless banking, especially for regional development banks (BPD) and sharia banks, a top official says.
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Philippines: Globe Unit GCash in Microfinance Tie-up with Kiva
October, 20 2014
Philippines - The mobile money service unit of Globe Telecom, Inc., GCash, announced a partnership on Monday with global non-profit organization Kiva to develop an online platform used for generating donations directly matched with lending opportunities
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Muhith: Bangladesh to Become Poverty-free by 2021
October, 20 2014
Bangladesh - The microcredit organizations 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
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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
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Development Finance Institutions Come of Age
October, 17 2014
Global - Fifty years ago, the development “industry” relied almost solely on foreign aid– loans and grants– given to governments and NGOs. In 1970, official development assistance (ODA) accounted for more than two thirds of financial flows to the developing world, but today global ODA is approximately $135 billion against roughly $1 trillion in FDI heading to the developing world
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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
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BitBeat: Blockchain Ideas Get Play at IMF Panel
October, 16 2014
Global - Financial inclusion has become a long overdue buzzword among aid agencies and international economic policymakers of late – and it’s opening the door for bitcoin and blockchain technology to become a part of the discussion among international policymakers
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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
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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
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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.
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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
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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.
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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.
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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.
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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
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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
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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
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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
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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
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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
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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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2.55% · 
4.46% · 
-1.88% · 
product.
