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Nov 2016
India: RBL Bank Launches APBS for Small Micro Finance Loan Disbursement
November, 30 2016
India - RBL Bank has become the first bank in India to launch Aadhaar Payment Bridge System (APBS) for micro finance loan disbursements. This was achieved by doing the first successful cashless disbursement to various beneficiaries in the rural segment across the country ...
Accion Venture Lab: Fintech Lenders Leveraging Technology to Close Critical Funding Gap for Small Businesses
November, 30 2016
Global - The report explores how innovative, tech-enabled lenders are using niche marketing, digital or mobile platforms, and enterprising partnerships – and often a combination of all three – to make financing available to underserved MSMEs ...
EBRD Supports Micro Businesses in Tunisia
November, 30 2016
Tunisia - The European Bank for Reconstruction and Development is further supporting micro and small enterprises in Tunisia by providing a TND 4 million (€1.6 million equivalent) loan to Microcred Tunisie S.A. (Microcred), a microfinance institution that began operating in November 2014 ...
Cambodia: Experts Warn Against Interest Rate Cap
November, 29 2016
Cambodia - Soklong indicated that if Cambodia adopted interest rate caps – a populist measure that Prime Minister Hun Sen called on last week to help those in the struggling rice sector – it would cause loan sizes to grow, diminishing the ability of MFIs to lend. ...
H. Mahbouli, Investment Officer, FMO: What to Consider When Investing in “Green” Microfinance
November, 29 2016
Global - Adding the third bottom line for investors targeting the base of the economic pyramid (BoP), unsurprisingly, has its share of issues and challenges. But, as we’re increasingly seeing, the business case for financing clean energy is strengthening ...
Kazakhstan: EBRD Supports Kazakh MSMEs with US$ 60 Million Credit Line in Local Currency
November, 29 2016
Kazakhstan - The EBRD is committing credit lines to help small businesses in Kazakhstan access much-needed financing in the local currency, tenge ...
Utkarsh Micro Finance Gets Final Nod to Set up Small Finance Bank
November, 28 2016
India - Utkarsh Micro Finance has received final license from The Reserve Bank of India (RBI) to start operations as Small Finance Bank (SFB). ...
The New Hotspots of Indian Microfinance
November, 28 2016
India - The Rs64,000 crore Indian microfinance industry has started seeing defaults, pipelining, and over-lending in some pockets. ...
No Credit History? No Problem. Lenders Are Looking at Your Phone Data
November, 25 2016
Global - The new credit-assessment methods could allow more people in areas without bank branches to open accounts online. They could also make credit cards and loans more accessible and prevalent in some parts of the world. ...
No Credit History? No Problem. Lenders Are Looking at Your Phone Data
November, 25 2016
Global - The new credit-assessment methods could allow more people in areas without bank branches to open accounts online. They could also make credit cards and loans more accessible and prevalent in some parts of the world. ...
IFC, Thomson Reuters Sign Memorandum of Understanding to Support Small Businesses in MENA
November, 24 2016
MENA - IFC, a member of the World Bank Group, signed a Memorandum of Understanding today with Thomson Reuters, one of the world’s oneleading sources of news and information for professional markets, to help develop smaller businesses in the Middle East and North Africa and drive economic growth ...
De-jargoned: Impact Investing—the Business of Doing Good
November, 24 2016
India - Impact investing is not charity and investors expect a return here too. The difference is that here they also want to make a positive impact. Besides looking at returns, they look to invest in companies whose activities can influence the environment and society ...
Pakistan: BOP, FINCA Sign MasterCard Affiliate Programme
November, 23 2016
Pakistan - FINCA Microfinance Bank and the Bank of Punjab signed an agreement on the MasterCard affiliate membership. The program enables the Bank of Punjab - a premier MasterCard partner - to extend its MasterCard license to FINCA MFB, thereby becoming the first such affiliation in the country. ...
Kashf Foundation Becomes First Pakistani Institution to Win European Microfinance Award
November, 23 2016
Pakistan - Kashf Foundation, one of Pakistan’s leading microfinance institutions, has been awarded the prestigious European Microfinance Award by the Luxembourg Ministry of Foreign and European Affairs. ...
Ending Extreme Poverty: New Evidence on the Graduation Approach
November, 22 2016
Global - The United Nations’ Sustainable Development Goal (SDG) 1 is as exciting as it is daunting: End extreme poverty. Worldwide, around 700 million people live on less than US$1.90 per day, the World Bank’s international poverty benchmark. But the challenges that ultra-poor households face extend beyond low income alone ...
India: Demonetisation and Microfinance
November, 22 2016
India - The government's demonetisation move is expected to be a boon for digital financial services ecosystem in India ...
Muhammad Yunus: Charity with a Business Engine
November, 22 2016
Global - Professor Muhammad Yunus, Nobel laureate, social entrepreneur, banker, economist, and founder of Grameen Bank is a big believer in empowering the individual as a means of alleviating poverty. “All human beings are born entrepreneurs,” he said in this interview with PBS. “Some get a chance to unleash that capacity. Some never got the chance, never knew that he or she has that capacity. ...
EIF Signs Guarantee Deal with Erste Bank Serbia to Back Micro-enterprises
November, 22 2016
Serbia - The European Investment Fund said on Tuesday it signed a guarantee agreement with Erste Bank Serbia to extend a total of 4.7 million euro ($5 million) in loans to micro-enterprises in the country under the EU Programme for Employment and Social Innovation ...
Jordan: Central Bank Announces National Strategy for Financial Inclusion
November, 22 2016
Jordan - Central Bank of Jordan (CBJ) Governor Ziad Fariz on Tuesday announced the Kingdom's 2018-2020 national strategy for financial inclusion ...
European Microfinance Week Wraps Up with Debate on Digital Finance's Threat to Traditional Microfinance
November, 21 2016
Luxembourg - European Microfinance Week, organised by the European Microfinance Platform on its tenth anniversary, concluded on Friday in Luxembourg, after having brought together over 470 opinion-leaders, top management of banks, funds and other financial institutions, practitioners, academics, analysts, raters and industry commentators to present key innovations, challenges and the work conducted in the previous year by e-MFP’s several dedicated Action Groups ...
Special Report: Evolving Regulations Obscure the Future of Microfinance in Myanmar
November, 21 2016
Myanmar - Paul Luchtenburg, who serves as coordinator for the UN Capital Development Fund in Myanmar, described several of the contrasts in the microfinance industry in Myanmar at European Microfinance Week Thursday. Five years into civilian rule, Mr Luchtenburg says “I’ve never seen a government work so hard. You go to a meeting and the results go up the leadership chain that night…. There’s this rapid push for development. ...
The Gift of Giving in Haiti
November, 21 2016
Haiti - Jeff Boshart serves as vice president on the board for FARMS International. He recently visited Haiti and was updated on one of their two micro-loan projects in the Central Plateau of Haiti ...
Bangladesh: Humane and Innovative Microcredit Assistance
November, 20 2016
Bangladesh - Any micro-credit scheme should work for alleviation of poverty permanently so that while trying to get emancipation from this curse the poor might not fall into a vicious cycle of debt. ...
Albania's Microfinance Institution Besa Fund Acquires VisionFund Albania
November, 18 2016
Albania - Albanian microfinance institution Besa Fund signed a deal for the acquisition of VisionFund Albania, the local unit of VisionFund International, which is part of international non-profit organisation World Vision, the country's competition authority said ...
India: MFIs See Normalcy Soon
November, 18 2016
India - Microfinance institutions expect collection and disbursal to improve towards the end of the month after the upset caused by demonetisation. ...
FedEx Partners with Nonprofit to Launch Small Business Education Program in Colombia
November, 18 2016
Colombia - FedEx has awarded a grant to a nonprofit focused on micro-finance to create a digital version of its small business education program in Colombia. ...
Nigeria: MSMEs’ Cash Flow Challenges and Corporate Banking Products
November, 18 2016
Nigeria - Cash flow challenges are synonymous with most businesses, including MSME’s. However, by utilising some of the solutions proffered by Deposit Money Banks, MSMEs are better equipped to remain afloat and manage their cash flows more efficiently. ...
Microfinancing Empowering Women in Pakistan
November, 17 2016
Pakistan - As woman entrepreneur, supporting her family on her own, Shaheen demonstrates each day that other women in Sindh can take control of their lives, work hard, educate their children, and lead their families to prosperity. ...
India’s Demonetisation Plan is Hurting Micro-Finance Firms That Lend to Its Poor
November, 17 2016
India - A cash crunch in Asia’s third-largest economy is increasingly becoming a challenge for microfinance firms. The Narendra Modi government’s recent ban on Rs500 and Rs1,000 currency notes to deal with tax evasion and counterfeiting has suddenly limited money supply in the economy. ...
Digital Finance and the Power of Scale
November, 16 2016
Global - Financial services providers around the world are already seizing this digital moment and recognizing the market opportunity at the bottom of the economic pyramid. Now is the time to turn our individual successes into a worldwide movement. ...
Special Report: Uniting Refugees, Locals via Lending Groups: European Microfinance Week Opens in Luxembourg
November, 16 2016
Global - Many MFIs consider targeting refugees based on their social mission. However, given the similarities of refugee and non-refugee populations, there is often a business case to serving this market segment as well. This is particularly true in places where financial services are more highly saturated ...
Cambodia: Finance for Women Easier
November, 16 2016
Cambodia - Acleda Bank, a leading locally-owned commercial bank, has received a $30 million loan from the Overseas Private Investment Corporation, the US government’s development finance institution, through Goldman Sachs’ 10,000 Women and the International Finance Corporation’s Banking on Women program for supporting women-owned small and medium-sized businesses in Cambodia ...
The Future of Refugee Financial Inclusion
November, 15 2016
Global - This is the fourth and final blog entry in a series exploring how financial services can be leveraged to assist refugee populations. This entry will consider the future of refugee financial services and what our sector can do to ensure that the future is an inclusive one that serves genuine needs and protects refugee rights. ...
MiCRO Expands Microinsurance Market in Central America
November, 15 2016
Central America - The Microinsurance Catastrophe Risk Organization (MiCRO), a reinsurance company incorporated in Barbados, has announced a new microinsurance product offering to meet the protection needs of low-income families in Central America. ...
Bolivia: Microcredit - Blazing a Path
November, 14 2016
Bolivia - For years, Bolivia has pushed to make microfinance a part of the country’s financial mainstream. Now, several Latin American nations are trying to follow in its footsteps. ...
Nigeria: CBN, IFAD Seek to Expand Rural Financial Inclusion
November, 13 2016
Nigeria - The Central Bank of Nigeria, CBN, and the International Fund for Agricultural Development, IFAD, have concluded plans to sustain the Rural Finance Institution Building Programme initiatives by establishing Rural Outreach Coordinating Committee to enhance financial inclusion in rural areas after the exit of RUFIN ...
Palestine: UNRWA Microfinance Department Wins 'Transparency Award'
November, 12 2016
Palestine - The microfinance department of the United Nations Relief and Works Agency for Palestine Refugees has been awarded with the 'Transparency Award' at Sanabel's 12th annual conference which convened in Casablanca, Morocco on 1-2 November 2016, an UNRWA press release said on Friday ...
Zimbabwe: RBZ Licenses 10 More Microfinanciers
November, 11 2016
Zimbabwe - The Reserve Bank of Zimbabwe has licensed 10 more microfinanciers as it moves to deepen the financial inclusion thrust ...
Philippines Maintains Position as Global Leader in Financial Inclusion
November, 10 2016
Philippines - The Philippines ranked third in the newly released Global Microscope on the Enabling Environment for Financial Inclusion report ...
Sudan: Finance Minister Underlines State's Concern with Microfinance Programs
November, 10 2016
Sudan - The Minister of Finance and Economic Planning Badr-Eddin Mahmoud has affirmed state's concern with the integration of microfinance projects into the economic programs, projects and activity of the state as well as the development of the microfinance regulatory framework ...
India: Demonetisation - MFIs, NBFCs May Face Tough Time Mobilising Collections
November, 10 2016
India - Micro-finance institutions and non-banking finance companies could face challenges in mobilising monthly collections from their small retail customers after the government’s move to withdraw Rs 500 and Rs 1,000 notes ...
Nepal: NMEFN, DLB Bank Ink Agreement to Enhance Micro Entrepreneurship at Local Level
November, 10 2016
Nepal - The National Micro Entrepreneurs Federation Nepal and Deprosc Laghubitta Bikas Bank Ltd signed a memorandum of understanding (MoU) today, to promote micro entrepreneurship at the local level across the country ...
Kenya Urged to Adopt Islamic Microfinance to Tackle Poverty
November, 09 2016
Kenya - Kenya has been urged to adopt Islamic microfinance business models to help lift many families out of poverty and boost financial inclusion of disadvantaged groups in the country ...
Malaysia: Growth in Demand for Microfinance Hampered by Fear of Debt
November, 09 2016
Malaysia - Microfinance has become a crucial tool to promote financial inclusion and reduce poverty in Malaysia. The sustainability of microfinance depends on the lending institutions, or Microfinance Institutions, being able to increase outreach and engage potential borrowers ...
N. B. Fields: Accountability - the Golden Opportunity in Impact Investing
November, 08 2016
Global - Why investors need to integrate rights and accountability into development finance, and how they can begin ...
Ethiopia: Thrives, Strives
November, 08 2016
Ethiopia - In the pursuit of much needed profits by banks, microfinance loans - a fixture for Ethiopia's rural agriculturalists and micro-entrepreneurs - are beginning to be identified as a way to improve the performance of some private banks ...
Cambodia: Local MFI Relaunched After South Korean Buyout
November, 07 2016
Cambodia - Cambodia's booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the Kingdom’s myriad microlenders ...
Philippines: Microfinance Banks Allowed to Operate as Thrift, Rural
November, 07 2016
Philippines - The Central Bank will soon extend microfinance-oriented banks the option to convert to become regular thrift or rural lenders, following a series of reforms introduced by the regulator to open up the Philippine banking sector ...
Poor People’s Access to Financial Services on the Rise in India
November, 07 2016
India - Survey of households in Odisha, Bihar, Madhya Pradesh and Uttar Pradesh shows an increasing number of people are being financially included ...
India: NBFCs' Borrowings from Banks up over 20 Times in One Year
November, 05 2016
India - According to public-sector bank executives, banks are in soft interest rate cycle regime and NBFCs including housing finance and micro-finance companies have taken benefit of cheaper credit for on-lending ...
India: Bharat Financial - It Is Time for a Hard Look on Valuations
November, 04 2016
India - Can an 18-year-old microfinance company outshine the most valued private sector bank of India? This is exactly what the valuations of Bharat Financial Inclusion Ltd (BFIL) seem to suggest ...
Myanmar: Microfinance Lender to Expand on Maybank Loan
November, 03 2016
Myanmar - Myanmar Finance International Limited – a microfinance joint venture between a London-listed investment firm and a Norwegian fund for developing countries – is planning to expand its operations after receiving a local currency loan from the Yangon branch of Maybank ...
Tanzania only EAC Partner 'Without Microfinance Law'
November, 03 2016
Tanzania - Tanzania is the only country among East Africa Community member states that has not enacted a law to regulate all microfinance activities, thus limiting their reinforcement and development ...
New Report: Small Merchants Offer Big Financial Inclusion Opportunities
November, 02 2016
Global - Increasing micro and small merchants’ use of cashless payment systems will require broad participation and innovation from the financial sector, regulators, governments and the private sector. But the payoff will be well worth it ...
Mexico Financial Inclusion
November, 02 2016
Mexico - When it comes to crafting smart financial inclusion policies and effective regulation, evidence and data are key. In Mexico, financial regulators have taken the lead. ...
Kenya Ends Hidden Costs for Digital Financial Services
November, 02 2016
Kenya - The Competition Authority of Kenya (CAK) on October 29 announced an important new standard for pricing in digital financial services. All financial services providers that offer services via digital channels must now present consumers full information on the costs before they use the service on the same screen on which the consumer is transacting. ...
N.Aizenman: You Asked, We Answer - Can Microloans Lift Women Out of Poverty?
November, 01 2016
Global - "Microfinance is a victim of an unfortunate tendency in development, which is that everybody wants to find a silver bullet to solve poverty. And the fact is that poverty is this massive, incredibly difficult problem. There is no silver bullet. ...
India: Fintech - Collaboration or Disruption?
November, 01 2016
Global - Over the past couple of years, ‘digital’ has been a buzzword in the financial industry. Bank managements devote time to discuss digital strategies during analyst meets, in addition to the usual operating metrics. Amidst all this brouhaha, there are some fundamental questions that must be thought about: is the level of embracement of technology the same among all banks ...

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