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Feb 2017
India: IFMR Investment Floats Two Debt Funds to Raise Up to $127 Mn
February, 28 2017
India - The two funds will take exposure to retail finance companies in sectors such as microfinance, small business loans, affordable housing finance, commercial vehicle finance and agri-business finance, as well as in mid-sized corporations, the company said in a statement ...
G. Wright, A.J. Tiwari, N. Narain, MicroSave: De-Mythifying Financial Education
February, 28 2017
Global - Financial education, it is argued, endows the customer with practical skills to understand, access and more effectively use complex financial services. But these implementation partners face immense challenges: agent motivation, customer expectations, logistical hurdles, the political economy, etc. It is difficult to walk the rustic roads and bring comprehensive and sustainable financial capability to the BoP ...
Financiera FINCA Nicaragua Issues Its First Multi-denominational Bond Offering
February, 27 2017
Nicaragua - Financiera FINCA Nicaragua is pleased to announce the registration of a $10 million bond program, with the first issuance of one- and three-year bonds worth $1.1 million USD. ...
Woman-Led Tala Raises $30 Million Series B For Micro-Loans Via Smartphone
February, 26 2017
India - Tala, a startup that makes micro-loans to entrepreneurs in the developing world via smartphone app, has raised a $30 million Series B round as it expands into new geographical markets ...
Zimbabwe: MFIs Cash in on Informalisation
February, 24 2017
Zimbabwe - Local banks risk appetite has significantly gone down by nearly US$200 million over the past year, with Micro Finance Institutions (MFIs) battling to cover the gap in what analysts say signals growing informalisation of the economy ...
EU Project Breaks Ground in Sri Lanka
February, 24 2017
Sri Lanka - More than 215,000 people will benefit from a 14-million-euro (over US$14.8 million) multi-faceted housing project, financed by the European Union and implemented by Habitat for Humanity and World Vision Lanka ...
Market Facilitation: Unpacking New Evidence from Africa
February, 23 2017
Africa - Around the world, too many poor people are still excluded from financial markets, leaving them with insufficient options to manage their financial lives. According to the most recent Global Findex data, only 41 percent of adults in developing economies have an account at a formal financial institution. There are 2 billion people globally without any type of transactional account ...
Grameen, Citi and Mastercard Collaborate on Financial Inclusion for Female Entrepreneurs
February, 22 2017
Global - Grameen America, a leading nonprofit microfinance organization, today announced a collaboration with Citi and Mastercard to introduce a number of financial technology solutions that will greatly enhance the organization’s ability to promote digital financial access and inclusion for more than 86,000 low-income minority women entrepreneurs across the United States ...
Mainstreaming Impact Investing: 12 Takeaways from ‘The Economist’ Event
February, 22 2017
Global - “Every investment is an impact investment.” “The Millennial generation is transforming investment, and capitalism itself.” ...
S. Zmitrowicz, Consultant, CGAP: Will Brazil Go Digital?
February, 21 2017
Brazil - Small and medium banks in Brazil are starting to take advantage of new regulations that make it easier to adopt fully digital business models. What impact might this development have on financial inclusion in the longer term ...
ADB Support to Strengthen Microfinance Ecosystem in Asia
February, 21 2017
India - The Asian Development Bank (ADB) today signed a $1.5 million equity investment agreement with Micro-Credit Ratings International Limited (M-CRIL). The agreement was signed by Christine Engstrom, ADB's Director for Private Sector Operations - Financial Institutions, and Sanjay Sinha, Managing Director of M-CRIL in a ceremony held in New Delhi. ...
India: Bharat Financial-IndusInd Bank Merger Could Be a Win-Win for Both, Say Analysts
February, 21 2017
India - The speculated merger between IndusInd Bank Ltd. and Bharat Financial Inclusion Ltd. would, if concluded, be positive for both companies, said analysts tracking the companies in a series of research reports released since the news was first reported. ...
Cambodia: Acleda Replaces Logo After Gov’t Demand
February, 21 2017
Cambodia Daily - Acleda Bank changed its 23-year-old logo and began replacing signage across the country on Friday at a cost of at least $3.5 million after the government said the design—a majestic, mythical bird encased in a circle—was too similar to that of the Economy and Finance Ministry’s, according to the bank’s president ...
Cambodia: Acleda Replaces Logo After Gov’t Demand
February, 21 2017
Cambodia - Acleda Bank changed its 23-year-old logo and began replacing signage across the country on Friday at a cost of at least $3.5 million after the government said the design—a majestic, mythical bird encased in a circle—was too similar to that of the Economy and Finance Ministry’s, according to the bank’s president ...
India: Fostering Sustainable Sanitation
February, 21 2017
India - Gramalaya is now a national resource center for the Indian government in four southern states, and it regularly provides training and capacity-building support on sanitation interventions to government officials, other NGOs, and international research bodies. ...
IFC, Mongolian Justice Ministry Launch Web-Based Movables Collateral Registry to Boost SME Financing
February, 20 2017
Mongolia - The registry, part of a joint initiative to reform Mongolian secured transactions, will improve access to finance for small and medium enterprises (SMEs) by facilitating lending against movable assets as collateral ...
C. Haynes, Contributor, Forbes: Meet the App that's Empowering the Women of Myanmar to the Bank
February, 19 2017
Myanmar - Although many people in Myanmar are skeptical of traditional banking institutions, fintech startups hope to win their confidence through low-cost, user-friendly products ...
Client Outcomes Data in Microfinance: Few Have It But Everybody Needs It
February, 17 2017
Global - The promise of microfinance is that it can create positive effects in the lives of clients. Certainly, that hope is reflected in the mission statements of financial service providers (FSPs) that offer their products to the vulnerable and the poor, and in the way that social impact investors describe their work. ...
J. Brown, Contributor, Forbes: Why Governance Matters in Sustainable Investing
February, 17 2017
Global - Corporate governance—the 'G' in ESG—often gets the least attention, but it’s another important way that companies can make a positive impact. Good governance seeks to effectively balance the needs of executives and shareholders, which should be good for investors ...
TriLinc Global Impact Fund Approves TransAsia Private Capital Ltd. as a Sub-advisor for Impact Investments in Southeast Asia
February, 17 2017
Global - TriLinc Global Impact Fund has approved a new term loan sub-advisor for business expansion and socioeconomic development in Southeast Asia, broadening its existing term loan and trade finance investment capabilities in Africa, Latin America, and Southeast Asia. ...
Bank of America to Further Integrate Impact Investing into Goals-based Approach to Serving Clients
February, 14 2017
Global - Today, 17 percent of Merrill Lynch advisors use five or more impact investing solutions to help meet their clients' needs - twice as many advisors compared to just three years ago ...
Mexico: Accion Venture Lab Exits Clip
February, 14 2017
Mexico - Accion Venture Lab, the seed-stage investment initiative of financial inclusion leader Accion, announced today that it has marked its second successful exit, further demonstrating the potential for early stage investments to generate social and financial returns. ...
D.Price, ImpactAlpha: Six Opportunities – and One Big Risk – for Impact Investors in 2017
February, 14 2017
Global - New political realities have been a wake up call for the growing movement seeking demonstrable, measurable impact on social and environmental challenges. ...
Five Challenges for Women’s Financial Inclusion
February, 13 2017
Global - How big is the challenge of financial inclusion for women? Nearly one of every three women in the world — or 1.1 billion — is excluded from the formal financial system. ...
India: Demonetisation and Microfinance - Braving Note Ban Drive, Industry Bounced Back 90% by Mid-December
February, 13 2017
India - In the thick of demonetisation, states like West Bengal, Odisha, Tamil Nadu, Chattisgarh, Punjab and Goa had a collection shortfall of not more than 9%. This is no small achievement for the industry, signalling that women are willing to endure small pinches to keep their credit flow intact ...
PMA Launches Package of New Developed Credit Systems in Palestine
February, 13 2017
Palestine - This upgrade was undertaken in order to better meet the needs of users from the banking system and the microfinance institutions and offer citizens quality and prompt banking services that are compliant with the relevant best international standards and practices ...
India: Interesting Times for Financial Services
February, 12 2017
India - The last year was eventful for the financial services industry; 2017 is expected to surpass that. Over the years we have seen new sectors gaining prominence, be it microfinance, gold finance or small finance banks. Insurance, and in particular general insurance, is the new sector in focus ...
Philippines: Quest to End ‘5-6’ Lending Scheme in PHL Gains Traction
February, 11 2017
The Philippines - To address the huge demand of 2 million poor entrepreneurs in the country, microfinance non-governmental organization ASA Philippines is issuing P2 billion in bonds to contribute to the poverty-alleviation program of the national government ...
Cambridge Centre for Alternative Finance Publishes Africa & Middle East Alternative Finance Report
February, 10 2017
Africa & the Middle East - Much of the alternative finance came via equity crowdfunding and online microfinancing. This is in contrast to more developed markets where peer to peer lending (online lending) tends to dominate ...
Indonesia: Govt to Offer More Micro Loans for Agriculture, Fishery, Manufacturing Sectors
February, 10 2017
Indonesia - The Indonesian government plans to disburse more of its loans for micro, small and medium enterprises, known as KUR, to productive sectors such as agriculture, fishery and manufacturing this year. The above sectors are thought to be offering added values to the economy, a senior government official said on Thursday (09/02) ...
Kenya: Huduma Card Delivers Cashless Efficiency, Powered by Mastercard Technology
February, 10 2017
Kenya - Talking on behalf of the Huduma Kenya Programme, Dennis Mutuku, CEO Huduma Kenya Secretariat said, “This is Kenya’s first multipurpose social payment card with payment functionality and we are excited to see the instant, substantial and positive impact that this will have on the lives of millions of citizens previously excluded from the financial mainstream. ...
D. Wolfe, World Vision: Turning Roadside Stalls Into Booming Businesses
February, 08 2017
Canada - In development economics, this sea of small and middle-sized businesses is known as the 'missing middle'. They're caught between microloans and bank loans, unable to reach the next stage of development. The potential of these companies is clear; they play a critical role in economies around the world ...
Pakistan: Government to Launch $130m Financial Inclusion Project
February, 07 2017
Pakistan - The government is embarking on the Pakistan Financial Inclusion and Infrastructure Project aimed at increasing access to financial services for households and businesses by improving usage of digital payments in the country ...
India: Big Challenges Before Small Finance Banks
February, 06 2017
India - All small finance banks will attempt in their own ways to redefine banking in India; in the process, all may not thrive ...
Microfinance Major Ujjivan Commences Its Small Finance Bank Operations
February, 06 2017
India - Ujjivan Small Finance Bank to offer interest rates on fixed deposit and recurring deposit between 5.5 percent and 8 percent; offers six free transactions in any other bank's ATM network ...
Microfinance Model Ventures into Pakistan
February, 03 2017
Pakistan - The LOLC Group inked a historic joint venture with Pak Oman Microfinance Bank Limited to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan ...
D. Rozas, e-MFP: Why 2017 is Our Year of Housing?
February, 03 2017
Global - Housing is a core human need and a top investment priority for families anywhere. Whether rich or poor, housing is often the single largest capital investment these families will ever make, that is to say, it cries out for effective products to help finance it ...
Rwandan Telecom Operator Launches Mobile Micro-loans Service
February, 01 2017
Rwanda - Rwanda local telecom operator, Tigo has launched a pilot phase of their mobile financial services, TigoNshoboza Loan Service’, a platform that allows Tigo Cash users to access loans via their mobile wallets ...
Predators of Russian Banking Track Prey in Economy’s Ruins
February, 01 2017
Russia - Russian payday lenders are having their day.Firms that provide small loans to people living paycheck to paycheck thrived in the cracks of the economy suffering its worst recession this century. ...

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