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Swaziland: Govt Tightens Screws on Credit Extension
November, 27 2014
Swaziland - Newly appointed Principal Secretary in the Ministry of Finance Bheki Bhembe said information sharing is in line with vision 2022 which calls for the country to ensure that its citizens are prevented from over indebtedness
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India: Substantial Improvement in Borrower Data, Says CIBIL
November, 26 2014
India - Over 70 per cent of information about borrowers collected by banks and financial institutions matches with CIBIL report and the credit information bureau expects this rate to rise to 90 per cent in future, its Chairman M V Nair said
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With Pressure from Investors, Private Equity Considers ESG
November, 25 2014
Global - Private equity faces growing pressure from investors who expect their asset managers to consider environmental, social and corporate governance (ESG) factors. It's a big adjustment for an asset class that has been slower to adapt than public equities and fixed income
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South Africa Bitcoin Exchange Debuts Mobile Wallet
November, 24 2014
South Africa - South Africa’s largest Bitcoin exchange, BitX, has launched a Bitcoin mobile wallet that makes storing and using the cryptocurrency easier and safer for consumers in emerging markets
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Microcredit in Morocco: A Story of Highs and Lows
November, 23 2014
Morocco - According to the latest data from the World Bank on Morocco poverty, inequality and insecurity remain significant challenges. 6.3 million people, or one fifth of the total population, live just above the poverty line
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Bangladesh: Inclusive Growth Hinges on Vibrant SMEs - Atiur
November, 22 2014
Bangladesh - In true sense, inclusive growth can only be achieved through a vibrant SME sector in a country like Bangladesh, the governor told a seminar titled SME Development: Role of an Effective SME Association in the capital on Saturday.
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Bank Alfalah Brings Investment to Pakistan, Partners with IFC
November, 21 2014
Pakistan - Bank Alfalah has been a front runner in developing effective financial solutions for the country’s SME segment and has partnered with IFC previously to develop a comprehensive advisory package to implement its SME banking model
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BIDV to Give $30 Million for Myanmar's SMEs
November, 21 2014
Myanmar - The Bank for Investment and Development of Viet Nam (BIDV) will lend US$30 million to Myanmar's Small and Medium-sized Industrial Development Bank (SMIDB) over five years
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EBRD Aids Tajik, Kyrgyz Small Businesses
November, 20 2014
Central Asia - The European Bank for Reconstruction and Development (EBRD) recently announced a number of programmes to aid small businesses in Tajikistan and Kyrgyzstan.
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How Can Group Loans be Provided more Responsibly?
November, 20 2014
Global - The popularity of the joint liability group (JLG) loan, attributable to its ability to deliver credit to households that lack collateral while achieving near-zero default rates, has led to the establishment of a large microcredit sector in many countries including India. However, repayment (or its lack thereof) presents an incomplete picture in assessing whether a JLG loan actually helped a customer achieve her original goals or improve her financial situation
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EBRD and Tajikistan Extend Cooperation
November, 18 2014
Tajikistan - The EBRD President will sign financing agreements with two companies in Tajikistan: the microfinance institution IMON International, which will use funds to increase lending to micro and small enterprises, and Schiever Tajikistan, which plans to open the first modern supermarket in the country
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Ghana: Plans to Sanitise Microfinance Operations Underway
November, 16 2014
Ghana - The introduction of the code of conduct comes at a time the sector regulator, Bank of Ghana, is considering issuing directives on product transparency and a complaint or recourse mechanism as means to protect financial consumers
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A Phoneful of Dollars
November, 15 2014
Global - The world’s poor need the stability and security that banks have traditionally offered, but increasingly they do not need banks to provide it.
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Egypt Issues First Microfinance Law
November, 14 2014
Egypt - Egypt issued its first law regulating micro-finance services, according to an announcement by the Egyptian Financial Supervisory Authority (EFSA) late on Thursday
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Investing in MENA’s Entrepreneurs: What is Really Needed?
November, 12 2014
MENA - The Middle East and North Africa is in dire need of entrepreneurial growth and opportunities. With countries needing to create millions of jobs, new enterprises that do not simply start but grow can play an instrumental role in the region’s employment agenda while also supporting other regional goals such as economic diversification
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Zimbabwe: FAO Sets up $43 Million Facility
November, 12 2014
Zimbabwe - "The programme will contribute to poverty reduction through increased incomes and improved food security and nutrition among vulnerable smallholder families in eight targeted districts," said FAO in a statement
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India: Analysts Give Thumbs-up to New NBFC Norms; Question on HFCs
November, 12 2014
India - The new rules of the Reserve Bank of India (RBI) on non-banking financial companies (NBFCs) will help in strengthening balance sheets but impact profitability, analysts said a day after the central bank announced regulatory changes, although the three-and-half year transition period gives them enough leeway
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Credit for All: Increasing Women's Access to Finance
November, 11 2014
Global - More than 2.5 billion people worldwide lack access to quality financial services, and at least half are women. Yet women’s need for financial services may actually exceed that of men because they tend to live longer, have lower levels of formal employment, own fewer assets, and have less control over household finances. Limited financial inclusion is one important factor keeping women poor and perpetuating inequality
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USAID Administrator Announces Financial Inclusion Commitments in India
November, 10 2014
India - At the completion of a two-day trip to India on November 4-5, U.S. Agency for International Development (USAID) Administrator Rajiv Shah announced USAID support for three priority areas of partnership as identified in the recent summit between Prime Minister Modi and President Barak Obama in Washington
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Philippines: IFC Approves $30-M Loan to RCBC for SME Financing
November, 07 2014
Philippines - The International Finance Corp. (IFC) has approved a medium-term loan of up to $30 million to Rizal Commercial Banking Corp. (RCBC) for the financing of small and medium-sized enterprises (SMEs), including women-led businesses, spur job creation, as well as help support Super Typhoon Yolanda-affected SMEs
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“Africa Needs Africa”: MasterCard & Bank of Tanzania Push for Local Solutions
November, 07 2014
Africa - Zahir Khoja, VP, global channels at MasterCard, said Africa is attractive as an untapped opportunity and warned many companies which think they can implement a “plug and play solution” without realising that “sometimes there is no socket” to do this. Instead they need to understand that an African-specific solution is needed
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Five Bright Ideas for Responsible Digital Finance
November, 06 2014
Global - Delivery of financial services via mobiles, cards and other digital means is growing at a blistering pace in some markets. In Bangladesh, for example, annual growth in the number of mobile money users, agents and transaction volumes is averaging over 500 percent
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India: Inclusion by Mobile
November, 06 2014
India - This case study looks at how M-Pesa, a service that originated in Kenya, was tweaked for India and whether it can succeed
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India: SKS Microfinance’s Now the Toast of Smart Investors
November, 05 2014
India - Why are some of the smartest investors on Dalal Street like Prof Shivanand Mankekar and Amal Parekh along with a few FIIs, buying shares of Hyderabad-based SKS Microfinance, a stock that many, till a year ago, considered untouchable
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South Asia: Economies of Micro-Finance
November, 04 2014
South Asia - Micro-finance institutions (MFIs) in Bangladesh and elsewhere have long been catering mostly to needs of non-farm activities. The reasons are perhaps not far to seek: seasonal activity as agriculture is, the question of weekly repayment in instalment and interest rate emerges as a binding constraint.
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Impact Accelerator Launched in the Philippines
November, 03 2014
Philippines - Impact Investment Exchange Asia (“IIX”) has launched its first Impact Accelerator programme in the Philippines, an intensive in-country programme designed to accelerate early-stage social enterprises (SEs) that have high potentials to create positive social and environmental impact at scale
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India: SKS Trust Divests Remaining Stake in SKS Microfinance for $27.8M
November, 03 2014
India - Biksham Gujja-led SKS Trust Advisors Private Limited has sold its remaining stake holding in India’s lone listed micro-lender SKS Microfinance Limited, by selling a little over 4 per cent equity stake in the company for around Rs 171 crore ($27.8 million) through open market transactions
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