News

Print
Jul 2016
ProCredit Bank Albania Joins Albania Agribusiness Support Facility
July, 29 2016
Albania - ProCredit Bank Albania Sh.A (PCBA) has become the first financial institution in Albania to receive a €15 million risk participation facility under the new Albania Agribusiness Support Facility ...
Digital Payments in India Seen Touching $500 Billion by 2020
July, 28 2016
India - A Google-BCG report says digital payments industry in India will grow 10 times to touch $500 billion by 2020 and contribute 15% of GDP. ...
Rwanda: Letshego Looks to Mobile Banking to Deepen Financial Inclusion
July, 28 2016
Rwanda - After unveiling a new brand image, Letshego Rwanda, a local microfinance bank, is looking to deepen financial inclusion using mobile and e-banking platforms ...
The Rise and Rise of Mexican Fintech
July, 28 2016
Mexico - Mexico represents one of the largest consumer markets in the world, with an emerging middle-class paired with a growing service and manufacturing economy. Against this backdrop, the financial services industry is full of contrasts: Large, nimble banks and financial institutions thrive in a country with abysmal credit penetration, low financial inclusion and scary fraud levels ...
India: NBFCs Cashing in on Unmet Demand by Banks: Morgan Stanley
July, 28 2016
India - There is a huge unmet demand for credit among small enterprises and NBFCs are cashing in on this as their distribution reach remains unmatched by banks in areas such as micro-finance, used vehicle financing and rural housing, says a Morgan Stanley report ...
The Power of Partnerships: Why They Can Be the Key to Reaching the Unbanked
July, 27 2016
Global - CFI’s most recent publication, The Business of Financial Inclusion: Insights from Banks in Emerging Markets, a joint publication with the Institute of International Finance (IIF), illustrates how banks use partners to adopt new technologies and reach previously underserved markets ...
Chinese Gov't Boosts Financing for Small and Micro Businesses
July, 27 2016
China - Measures to provide more financial support to small and micro businesses were approved at the State Council's executive meeting here Wednesday, chaired by Chinese Premier Li Keqiang ...
Africa Tops 500m Mobile Users, Adds $150bn to Continent's Economy
July, 26 2016
Africa - Africa now has half a billion mobile users, and the mobile ecosystem added $153-billion to the African economy in 2015, according to a new GSMA study, which predicts smartphone numbers will triple in the next five years ...
Asian Confederation of Credit Unions Aims to Take the Lead in Digital Payments
July, 26 2016
Asia - Faced with competition from micro-finance institutions and fintechs, credit unions in Asia have decided to take a step further in digital payments ...
IFC Launches 2nd Taino Bond, Raising US$4M for Microfinance in the Dominican Republic
July, 25 2016
Dominican Republic - IFC, a member of the World Bank Group, issued a six-and-a-half-year 180 million Dominican peso-denominated bond (approximately US$4 million) to support domestic capital markets and boost financing for micro-entrepreneurs in the Dominican Republic ...
Bhutan: The Rise of the Hazelnut
July, 25 2016
Bhutan - Mountain Hazelnuts, a social enterprise focused on improving lives in Bhutan through the cultivation of hazelnuts, has joined the Business Call to Action (BCtA) with a commitment to integrate 7,500 women-headed smallholder farming families into its value chain ...
Where Impact Investing Meets Sustainable Development
July, 25 2016
Global - In many developing and emerging markets, private sector actors and business models are achieving significant measurable and sustainable impact ...
India: IFMR Investment Managers Raises Third Debt Fund Targeting Microfinance Firms
July, 25 2016
India - Chennai-based IFMR Investment Managers, a wholly owned subsidiary of IFMR Capital, is raising a Rs 100 crore (around $ 15 million) debt fund to invest in the microfinance businesses ...
Myanmar: Burmese Firm Hopes to be First Microfinance Company to Use Blockchain Tech
July, 25 2016
Myanmar - A Burmese microfinance company, BC Finance, is looking to be the first business of its kind to use a blockchain-based core banking system ...
The Rise of Mobile Money in West Africa
July, 25 2016
West Africa - Maimouna Gueye, Principal Financial Inclusion Officer, AfDB, draws from Central Bank for West African States (BCEAO) research to highlight challenges in mobile money’s growth ...
How to Improve Financial Inclusion (FI) in Afghanistan
July, 24 2016
Afghanistan - As majority of Afghan are unbanked this article will throw light to the Financial Inclusion (FI) aspect of how to include vulnerable section of society in financial industry of Afghanistan as direct stakeholders ...
Tanzania: NMB Bank Lists Over $18m on Dar es Salaam Bourse
July, 24 2016
Tanzania - The National Microfinance Bank Plc has listed a $18.8 million (Tsh.41.4billion) three year bond on the Dar es Salaam Stock Exchange (DSE) for the purposes of mounting the local capital markets as well as endorsing financial inclusion ...
Inequality in Asia: the Case for Inclusive Growth
July, 22 2016
Asia - Regional cooperation can also play a catalytic role in mobilising broad support and creating peer pressure for important causes directly related to critical economic, social and environmental issues ...
Agents for Everyone: Removing Agent Exclusivity in Kenya & Uganda
July, 22 2016
Kenya, Uganda - They can be found at a small kiosk in a rural village, at a counter at the entrance to a supermarket in Nairobi, or next to a cash register in a shop in Kampala. Mobile money and banking agents blend seamlessly into the daily economic lives of consumers in countries like Kenya and Uganda, offering convenience and expanding access points to financial services ...
India: Satin Creditcare Awarded Smart Certification for Commitment to Client Protection
July, 22 2016
India - The Smart Campaign’s Client Protection Certification program publicly recognizes those institutions providing financial services to low-income households whose standards of care uphold the Smart Campaign’s seven Client Protection Principles ...
Three Growth Strategies to Boost Sri Lanka’s Microfinance Sector
July, 21 2016
Sri Lanka - Sri Lanka has a significant low-income population segment whose financial needs are served by an estimated 14,000 financial institutions in the country, which directly or indirectly provide microcredit products. However, a majority of these financial institutions are either financial NGOs, not-for-profits or organizations that follow a local cooperative structure ...
India: Micro Loan Interest Rates Down on Lower Cost of Funds
July, 21 2016
India - With cost of funds for microfinance institutions coming down significantly due to successive rate cuts by the RBI, interest rates on small loans have come down by more than 100 basis points in the last one year. Moreover, in the next quarter there could be a further reduction in interest rates ...
Microfinance Grows in Loan Size and Urban Footprint: EY Report
July, 19 2016
India - Rise in loan ticket size and shift of borrower base in favour of urban areas marked a strong rebound in Indian microfinance industry, whose combined gross loan portfolio (GLP) grew 84 per cent to Rs 53,200 crore in FY16 from Rs 28,900 crore in the previous year. This and other emerging trends of the micro finance sector, which has been on a growth path for he past years after taking a bit hit in the aftermath of the curbs imposed in 2010 by the government of the undivided Andhra Pradesh, have been captured in a report titled 'Evolving landscape of microfinance institutions in India'. ...
The Replication Limits of M-Pesa in Latin America
July, 19 2016
Latin America - M-Pesa ceased operations in South Africa on June 30, shedding light on an ongoing discussion: Is the challenge of replicating the success of the M-Pesa model in Kenya more about implementation and management or about context and market structure? The fact that the same parent company has not been able to replicate its success story in South Africa seems to support the latter explanation ...
EBRD Loan to Support Private Sector in Tajikistan
July, 19 2016
Tajikistan - The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan of up to US $2 million equivalent to the Tajik microfinance institution Arvand for on-lending for local micro and small enterprises (MSMEs). ...
How Fintech is Boosting Financial Inclusion in Latin America
July, 19 2016
Latin America - Business opportunities by mobile money based international remittances, P2P and micro payments are showing big potential in the Latin American market ...
India: Rajan Calls for Sustainable Credit Expansion
July, 18 2016
India - Reserve Bank of India Governor Raghuram Rajan on Monday called for manageable and sustainable credit expansion in the country, saying all avenues for this should be explored. ...
Nepal: Lack of Product Variety Major Constraint to Boost Financial Accesses
July, 16 2016
Nepal - Lack of innovation and variety in product features to serve different income structures and customer requirements is one of the major constraints to increasing financial access in Nepal, a report prepared by Making Access Possible (MAP), Nepal, has said ...
India: Hold On, My Wallet's in My Phone: Fintech Firms are a Blessing for Small Entrepreneurs
July, 15 2016
Global, India - Powered by technologies that harness big data, fintech companies are positioning themselves as viable lenders and payment solutions providers with mobile wallets and insta-loans. Not surprisingly, this is compelling traditional banks to evolve too ...
E.B.Davidsen, Multilateral Investment Fund: "Add Impact"
July, 14 2016
Global - “Add Impact” is the new rallying cry of the Global Impact Investing community, which concluded a two-day plenary meeting of its Steering Group in Lisbon, Portugal on July 8 ...
Financing Côte d’Ivoire’s Emergence Starts with a Social Contract
July, 14 2016
Cote D'Ivoire (Ivory Cpast) - In Côte d’Ivoire, only 15% of savings are allocated to financial institutions such as banks, microfinance companies, and mobile money accounts ...
Sri Lanka: New Microfinance Laws Come into Effect
July, 14 2016
Sri Lanka - Sri Lanka’s new laws on licensing, regulating and supervision of companies carrying out microfinance business have come into effect with the gazetting of the new Act ...
Is Impact Investing a Solution to Global Problems?
July, 13 2016
Global - Interest in and activity around the impact investing space has increased since the White House convening on impact investing in 2014. Challenges to growth remain, however ...
India: IDFC Bank Acquires Grama Microfinance
July, 13 2016
India - Grama Vidiyal’s has assets under management (AUM) of Rs 1,502 crore of micro finance assets as on March 31, 2016. All loan assets on the book will be transferred to IDFC Bank ...
How Affordable Solar Energy is Transforming Lives in India
July, 12 2016
India - Solar remains unaffordable for the world’s poorest people, and without access to funding, getting onto the first rung of the energy access ladder remains firmly out of reach ...
D. Price, ImpactAlpha: Summer of Impact Investing - ImpactAlpha Flags 10 Recent Developments Shaping the Sector
July, 12 2016
Global - World leaders on the summer conference circuit have been touting impact investing and global entrepreneurship as part of the solution to the myriad economic, social and environmental before us ...
India: Aavishkaar Goodwell Exits Small Finance Bank Licensee Suryoday Micro Finance
July, 12 2016
India - Aavishkaar Goodwell invested in Suryoday Micro Finance in 2009 as a venture partner right at the ideation stage assisting Baskar Babu, Promoter and CEO in fulfilling his goal of building a successful and professionally run institution ...
India: How Fintech Startups are Taking Cashless Economy to Bottom of the Pyramid
July, 12 2016
India - Whether it is creating a platform to provide loans, enabling electronic payments or creating digital cash, fintech startups are introducing merchants in the bottom of the pyramid to a cashless economy. ...
India: Smaller MFIs Finding It Difficult to Access Credit
July, 11 2016
India - Smaller micro-finance players are finding it difficult to access credit on both the debt and equity side ...
N. Ekekwe, Founder, African Institution of Technology: Why African Entrepreneurship Is Booming
July, 11 2016
Africa - The collapse of the commodity boom has pushed countries and their citizens to invent other ways to survive because benefits like unbridled imports are no longer sustainable. ...
SWIFT Institute Research Demonstrates that Mobile Banking Increases Financial Inclusion
July, 09 2016
Global, Kenya - New study from the SWIFT Institute and the Harvard Kennedy School looks at the impact of mobile banking on levels of financial inclusion in Africa through the lens of Kenya ...
Ghana: Government Heeds Call for MFIs Regulator
July, 08 2016
Ghana - Finance Minister, Seth Terkper has disclosed that the Bank of Ghana will soon set up an apex bank for the microfinance sector to help safeguard depositors’ funds ...
Technavio Announces Top Three Trends Impacting the Global Microfinance Market Through 2020
July, 07 2016
Global - Technavio’s latest global microfinance market report highlights three key emerging trends predicted to impact market growth through 2020. Technavio defines an emerging trend as something that has potential for significant impact on the market and contributes to its growth or decline ...
Georgia: ADB Sells 64 Million Georgian Lari Bond to Lift Microenterprises
July, 06 2016
Georgia - The Asian Development Bank (ADB) has raised GEL64 million (approximately $30 million) from a Georgian lari denominated bond sale to support development of the local capital market and microenterprises in Georgia ...
Tanzania: Village Community Banks in Tanzania
July, 05 2016
Tanzania - Almost everyone knows Vicoba, although not all may be aware that Vicoba means Village Community Banks. The popular microfinance scheme has over the years helped lift many out of poverty. It has been a success in boosting and raising incomes among different community members in the country ...
Philippines: Offsetting Negative Infrastructure Through Financial Inclusion
July, 05 2016
Philippines - Banking institutions are beginning to target issues of poor infrastructure and limited access to technology in order to drive financial inclusion in the Philippine ...
Post-Conflict Colombia: A Crucial Time to Re-evaluate the Role of Inclusive Business
July, 05 2016
Colombia - For the business sector, developing initiatives in a context of peace will mean contributing not only to building a better country, but also to increasing their competitiveness, working toward their own sustainability, and helping to establish a stable overall business climate ...
India: Microfinance Industry's Prospect Looks Promising in Coming Future
July, 02 2016
Mumbai, India - In the coming period, MFIs are expected to post a robust growth and the key drivers would be the accelerated fund flows from banks and equity investors; the substantial scaling up of operations by a number of players; and, the geographical expansion of the industry to newer, less penetrated markets ...
How Leveraging Collaborative Expertise Helps Scale Social Impact
July, 01 2016
Global - Social business is a concept famously defined by Muhammad Yunus as a business that is financially self-sustainable, but recycles all profit into addressing developmental needs. But how does one measure the success of these ventures ...
Using Microfinance to Lift China's Poor to Prosperity: an IFC Viewpoint
July, 01 2016
China - China’s microfinance sector is still developing but has strong potential to reduce poverty and support local SMEs. What are the challenges and opportunities for microfinance institutions in the country? The International Finance Corporation’s country manager for China, South Korea and Mongolia, Simon Andrews, explains ...

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More