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India: RBI Proposes P2P Lending Regulations
April, 29 2016
India - The Reserve Bank of India (RBI) on Thursday initiated steps to regulate the nascent and hitherto unregulated peer-to-peer (P2P) lending business. RBI has proposed registering P2P lending platforms as non-banking financial companies (NBFCs). ...
Why Fintech Is Different in Asia
April, 29 2016
Asia - In the case of fintech, particularly consumer focused services, Asia’s market dynamics and diverse population create a different set of opportunities and challenges than those faced by U.S. fintech entrepreneurs. Here are four factors that make Asia’s fintech landscape different. ...
L. Reed, Director, Microcredit Summit Campaign: Changes Ahead for the Microcredit Summit Campaign
April, 29 2016
Global - As we called for governments and multilateral organizations to tear down the silos in their organizations to combine financial services with other developmental services like social protection, health, housing, and education, we saw that we needed to do the same thing in our own organization. Therefore, in order to strengthen our message and reduce annual recurring costs, we have decided to merge our work with that of RESULTS ...
India: PEs Exit from MFIs with Manifold Returns
April, 27 2016
India - With Bengaluru-based microfinance company Ujjivan going public on Wednesday, expectations are high that it will bring in the same levels of returns as its peers for PE players ...
J. Case, Case Foundation: The State of Impact Investing: Is It a Houseboat or Is It Brunch?
April, 26 2016
Global - In the coming year, I’m excited to see how some of the major milestones of recent months will influence the pace and scale of the impact investing movement. I’m hopeful we’ll see more impact funds, more successful exits by impact companies, more data and research on investor experiences to date and a more transparent and organized ecosystem to support this burgeoning marketplace. ...
April, 23 2016
Global - Meeting the United Nations’ Sustainable Development Goals will require additional investments of $2.5 trillion a year in things like health care and education for the world’s poorest people, according to UNCTAD, a UN agency ...
Bangladesh: A Twist on Microfinance Delivers New Weapon Against Poverty
April, 21 2016
Bangladesh - Incorporating flexible repayment models into microfinance can increase benefits, particularly to borrowers, shows a new study by Subir Bairagi, an agricultural economist at the International Rice Research Institute, and Wasel Bin Shadat, an economics lecturer at the University of Manchester ...
Cambodia: NBC Set for FAST Step Towards Riel Economy
April, 20 2016
Cambodia - The central bank will launch its FAST system tomorrow, the first system offering real time transfers in riel across banks and Microfinance Deposit-taking Institutions (MDIs) – a move that will boost the local currency in a dollarized economy ...
Africa: Could Energy Service Be the Key to Banking the Rural Poor?
April, 19 2016
Africa - In Sub-Saharan Africa, 65% of the total population (and over four fifths of the rural population) do not have access to electricity, while 66% of adults do not have a financial account of any kind. Driving financial inclusion and expanding energy access have traditionally been considered separate development objectives. But thanks to revolutions in the distribution and financing of off-grid solar, that may be about to change ...
TPG Leads $210 Mln Investment in Indian Microfinance Company
April, 18 2016
India - TPG led a $210 million investment in microfinance company Janalakshmi Financial Services Ltd, building on its 2014 investment in the company. Existing investors Morgan Stanley Private Equity Asia, Havells India and Vallabh Bhansali also participated in the funding, along with new investors ...
IFC Promotes Access to Finance for SMEs in Peru with US$50 Million Loan to Mibanco
April, 15 2016
Peru - The International Finance Corporation (IFC), a member of the World Bank Group, disbursed a loan of S/.167.6 million (approximately US$50 million) to Mibanco, the largest microfinance institution in Peru and Latin America, with the aim of increasing financing to small and medium enterprises (SMEs) and low-income sectors of the population, thus helping boost job creation and economic growth. ...
How Mobile Data Could Enhance Microfinance
April, 11 2016
Global - A report by Ericsson has shown that mobile data analytics could bring microfinance to hundreds of millions of individuals and businesses in need of short-term credit ...
Kenya Steps Up Support for Banks
April, 10 2016
Kenya - Kenya’s central bank offered to extend emergency support on Sunday to any institution that faces liquidity problems through no fault of its own amid rising depositor anxiety about the health of the financial services sector in east Africa’s largest economy ...
IFC to Extend $21m Debt to Half a Dozen MFIs in Myanmar
April, 10 2016
Myanmar - Increasing its financing exposure in Myanmar, the International Finance Corporation –the private lending arm of the World Bank – is extending a $21-million debt facility to four to six microfinance institutions in the frontier country ...
Letshego Becomes Licensed MasterCard Issuer in Mozambique
April, 06 2016
Mozambique - Letshego Holdings Limited (“Letshego”), announced it has received its official principle issuer license from MasterCard in Mozambique. The partnership will see further payment innovations being introduced into the market to its financial inclusion efforts ...
Europe: Microfinance - Lending Small, Thinking Big
April, 04 2016
Europe - Microcredit and microfinance are usually terms we associate with underdeveloped and developing countries. But in Europe it has the potential to fill a big gap in the financial services that businesses need, as do people on low incomes. ...
Understanding Microfinance in MENA
April, 03 2016
MENA - “There’s a whole generation that is lacking education because they are simply living in a state of war,” Hilal told Wamda. “In the next few years, microfinance will be the solution to helping these people get through the situation and get them back into the economy. ...