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Mar 2017
India: IFC to Make $20 mn Debt Investment in RGVN North East Microfinance
March, 31 2017
India - International Finance Corporation has proposed to make a debt investment of up to $20 million (about 130 crore) in Guwahati, Assam-based RGVN (North East) Microfinance Ltd ...
Nigeria: CBN Approves Wholesale Banking Licence for DBN
March, 30 2017
Nigeria - A statement signed by the director of information in the Finance Ministry, Salisu Na'Inna Dambatta said "as a wholesale bank, the DBN will lend wholesale to microfinance banks which will on-lend medium to long-term loans to MSMEs ...
US Investors Drawn to Environmentally Friendly Green Bonds
March, 30 2017
United States - The US did not become a big player until about three years ago. Initially most issuances came from national and local government bodies, but now big companies are entering the market, including the likes of Apple, Bank of America and Toyota. ...
Social Investing Grew to $23 Trillion in 2016
March, 30 2017
Global - Global assets professionally managed under sustainable and responsible investment strategies soared to $23 trillion in 2016, a 25% increase from 2014, the Global Sustainable Investment Alliance reported this week in its biennial review ...
Kreditech Russia Achieves Microfinance Company (MFC) Status
March, 30 2017
Russia - Kreditech Group’s subsidiary, LLC MFC "Kreditech Rus", received the status of a Microfinance Company (MFC) on March 27, 2017 from the Central Bank of Russia. ...
Chinese P2P Lenders Are Still Having Trouble Finding Bank Custodians
March, 29 2017
China - China’s peer-to-peer (P2P) lending market is the largest in the world, but recently the industry has come under increased regulation from the Chinese government. ...
'We Are All Entrepreneurs': Muhammad Yunus on Changing the World, One Microloan at a Time
March, 29 2017
Global - Fostering entrepreneurship is the solution, Yunus says. And his concept of social business – created for pro-social goals, not profit – is the solution to social and environmental problems caused by intense capitalist competition ...
M. Bannick & P. Goldman: Omidyar Network - Strengthening the Impact Investing Movement
March, 28 2017
Global - Segmenting the field to better align expectations of risk, returns, and impact; increasing the rate of adoption with important stakeholders; and stepping up work in the United States—a look at Omidyar Network’s priorities in advancing the movement ...
Sri Lanka: Leading Emerging Market Fund Buys Stake in HNB Grameen
March, 28 2017
Sri Lanka - HNB Grameen Finance, the microfinance arm of Sri Lanka’s second biggest private lender, Hatton National Bank PLC (HNB), has entered into an equity partnership with Developing World Markets (DWM), a leading emerging markets investment firm. ...
G. Neichin, D.Isenberg,M. Roach, Ceniarth: An Impact Investor Urges Caution on the ‘Energy Access Hype Cycle’
March, 27 2017
Global - Ceniarth has been actively engaged in the energy access sector since 2014. We are in the process of reducing our exposure to the venture-backed, solar home system segment of this market. This piece is intended to explain our thinking and to share insights that we have gathered in our work ...
Jordan: Tamweelcom Boosts Small Loans Sector with 'Responsible Finance'
March, 27 2017
Jordan - Tamweelcom announced its decision to incorporate a variety of responsible finance practices in its coming three-year strategy, namely seeking better protection of its clients' interests and ensuring an improved line of services, while minimising risk, according to its Executive Director Ali Abdel Jabbar. ...
India: Time to Push Credit for Smart Farming
March, 24 2017
India - Smart farming is the transformation and reorientation of farming to increase yields through enhanced productivity, improved resilience and reduced side effects. Only this can help India keep pace with the rising demand for agricultural commodities from a population marked by growing numbers, rising incomes and attendant changes in lifestyle and consumption patterns. ...
Interest Rate Cap Rattles Cambodia's Microfinance Industry
March, 24 2017
Cambodia - A recent decision by the National Bank of Cambodia to impose an interest rate cap on loans provided by microfinance lenders has prompted fears that low-income Cambodians, who often depend on small borrowings to stay afloat, will be hit hard ...
HDR 2016 Highlights Disadvantaged Groups, Uneven Development Progress
March, 23 2017
Global - The UN Development Programme (UNDP) released the 2016 Human Development Report (HDR), finding that human development progress remains uneven, with women, ethnic minorities and indigenous peoples facing systemic discrimination and exclusion as a result of economic, political, social and cultural barriers. ...
ADB Invests $32 M in Microfinance Firm for Asian Women
March, 23 2017
Asia - Manila-based Asian Development Bank (ADB) signed yesterday a $32-million equity investment agreement with CreditAccess Asia (CAA), an Amsterdam-based microfinance holding company which has operations all over Asia ...
Jamaica: NHT to Commence Microfinance Initiative April 1
March, 22 2017
Jamaica - The National Housing Trust (NHT) will on April 1, commence its Housing Microfinance Initiative, which will allow low-income contributors to repair or improve existing homes or build their own homes, one step at a time ...
B. Cowper, Head of International Marketing, Compass Plus: Financial Inclusion - Accessing the Unbanked and Underbanked Across the Globe Through Technology
March, 22 2017
Global - Regardless of reason, the issue remains that financial institutions across the globe struggle to profitably serve lower income households. Existing business and service delivery models have to be re-evaluated; it is expensive to reach the unbanked, to understand their needs and develop relevant products and services ...
Cambodia’s Largest MFIs Eye Future as Commercial Banks
March, 22 2017
Cambodia - Prasac will attempt to join a small club of microfinance institutions (MFIs) that have transitioned into licensed commercial banks, in what has become a recent trend in an industry started more than two decades ago in Cambodia to provide socially minded loans to help the poor generate income ...
Tanzania: NMB Launches Inter-bank Money Transfer Service
March, 22 2017
Tanzania - The Mobile Interbank Settlement System will enable NMB customers registered with the service to conveniently transfer money from their account to other banks ...
Vietnam: Summit Mulls Financial Inclusion for All
March, 22 2017
Vietnam - Themed “Advancing Financial Inclusion in a Digital Age”, the summit explored the opportunities and challenges of the next generation of financial inclusion, and showcased the latest technology and innovations in financial products and services for the unbanked and underserved ...
OPIC Expands Existing Guaranty to MFX to $120 million
March, 22 2017
USA - MFX Solutions, a Washington D.C. based provider of currency hedging services to impact lenders in developing countries, has received a $120m guarantee increase from the Overseas Private Investment Corporation (OPIC) ...
Bank of East Asia Partners LOLC to Take Majority in Cambodian Micro Lender
March, 21 2017
Cambodia - LOLC International Private Limited, a wholly-owned subsidiary of Lanka ORIX Leasing Company, and Hong Kong-based Bank of East Asia (BEA), have acquired a majority stake in Cambodia’s PRASAC Microfinance Institution from a group of its previous backers, including Vietnam-based fund manager Dragon Capital ...
World Bank Approves $450 Million Loan for Affordable Housing in Indonesia
March, 20 2017
Indonesia - The World Bank has approved $450 million in financing last week to help low-income families in Indonesia acquire affordable homes. ...
Kenya and Mongolia Sign MoU to Promote Sustainable Finance
March, 20 2017
Kenya and Mongolia - Mongolia and Kenya have both launched national policies or voluntary principles on sustainable finance. National sustainable finance guidelines and principles define how financial institutions can manage environmental and social risks and meet growing financing needs for green and inclusive economic growth ...
World Bank Group Announces Record $57 Billion for Sub-Saharan Africa
March, 19 2017
Africa - Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim then left on a trip to Rwanda and Tanzania to emphasize the Bank Group’s support for the entire region ...
World Bank Group Announces Record $57 Billion for Sub-Saharan Africa
March, 19 2017
Africa - Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim then left on a trip to Rwanda and Tanzania to emphasize the Bank Group’s support for the entire region ...
J. Rogers: The Financial Key to Cambodia's Future
March, 18 2017
Cambodia - As well as having a potentially devastating impact on MFIs in Cambodia, the surprise move to slash and cap microfinance lending rates could deal a heavy blow to the provision of offshore capital to the country, a source which has been crucial to the development not only of MFIs but also SMEs and larger corporates in Cambodia ...
TPG Sees Asia Health, Finance Opportunities to Tap Unmet Demand
March, 17 2017
Asia - TPG, the U.S. alternative-investment firm that oversees more than $74 billion, sees opportunities in health care and microlending in Asia to meet untapped demand in some of the world’s fastest-growing economies ...
India: Incofin, ResponsAbility Invest $20 Million in Agri-logistics Firm Sohan Lal
March, 17 2017
India - Incofin Investment Management of Belgium and ResponsAbility Investments AG of Switzerland have jointly invested $20 million (approximately Rs130 crore) in Delhi-based Sohan Lal Commodity Management Pvt. Ltd (SLCM) a post-harvest agri-logistics and financing group, two top executives involved in the transaction said ...
India: Incofin, ResponsAbility Invest $20 Million in Agri-logistics Firm Sohan Lal
March, 17 2017
India - Incofin Investment Management of Belgium and ResponsAbility Investments AG of Switzerland have jointly invested $20 million (approximately Rs130 crore) in Delhi-based Sohan Lal Commodity Management Pvt. Ltd (SLCM) a post-harvest agri-logistics and financing group, two top executives involved in the transaction said ...
What’s “Responsible” about Impact Investing Exits?
March, 17 2017
Global - Impact investors, social investors, responsible investors…regardless of name, they claim to serve the greater good. In the world of financial inclusion, impact investors are supporting the development of financial markets that have inadequately served the base of the economic pyramid ...
World Bank Approves $450 Million Fund to Support the Poorest in Pakistan
March, 16 2017
Pakistan - The program includes various measures to improve living conditions of the poor in the country, including expanding banking and financial services and widening the social safety net to cover marginalised communities. ...
IFC Provides $40 Million to Banco CMF to Promote Access to Finance for SMEs in Argentina
March, 16 2017
Argentina - “We are pleased to continue strengthening our relationship with Banco CMF, helping improve access to finance for local productive small and medium enterprises, and promoting economic and social growth in Argentina,” said David Tinel, IFC Country Manager in Argentina, Chile, Paraguay and Uruguay. ...
The Face of Financial Inclusion in 2025: The Experts’ View
March, 15 2017
Global - What happens when you bring together a room full of leading thinkers from financial service providers, donors, media organizations, regulatory bodies and start-ups in four different markets, and ask: “What will the future of financial inclusion look like? ...
Nigeria: New Credit Infrastructure to Improve Access to Credit and Financial Inclusion
March, 14 2017
Nigeria - While it is clear that access to finance in Nigeria remains a challenge, there is a strong optimism that the business environment will improve in the next five years. ...
N. Chedane, To the Future and Back: Financial Inclusion in the Arab World
March, 13 2017
MENA - Analysis of the available Findex data, as shown in a joint Arab Monetary Fund-CGAP report on financial inclusion measurement in the Arab world, points to a large unmet demand for financial services ...
EBRD and EU Mark 500th Small Business Project in Egypt
March, 10 2017
Egypt - The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are celebrating a landmark achievement, the conclusion of the 500th advisory project for small businesses in Egypt under the Bank’s Advice for Small Business Programme funded by the EU ...
Crowdfunding's Growing Impetus in Africa
March, 10 2017
Africa - Peer-to-peer business lending is the third-largest finance model in Africa, totalling $16m in volume in 2014 and 2015, and it's growing in popularity ...
E. Higenbottam, Managing Director, Verdant Capital: Funding the Alternative Finance Sector
March, 10 2017
Global - What does 2017 hold for this sector? One factor is certainly the US dollar rate curve, which has risen markedly following the election of Donald Trump and consequent changes in expectations for macro-economic policy in that market ...
Cambodia: Online Tool to Compare Loans
March, 10 2017
Cambodia - Spean Luy, the first dedicated website that allows users to compare the terms and interest rates of loan products from various Cambodian lenders, is looking to help borrowers make better financial decisions in a diverse and often confusing credit market ...
CAIA Association Survey: Responsible Investment Principles Growing in Importance
March, 09 2017
Global - More than three quarters (77%) of respondents to the survey agreed that responsible investing is more important than it was three years ago, while 78% anticipate it will be more important three years from now. ...
Nigeria: Ecobank, AMfB to Boost $20.8b Remittances, Increase Financial Inclusion
March, 09 2017
Nigeria - A new pact between Ecobank Nigeria Plc and Accion Microfinance Bank Limited, aims at revving up remittances to Nigeria, which was about $20.8 billion in 2015 and provide more financial inclusion to Nigerians, particularly the Small and Medium scale Enterprises (SMEs) ...
National Microfinance Bank to Digitize Agricultural Sector in Tanzania
March, 09 2017
Tanzania - National Microfinance Bank Pic (NMB) has signed a strategic partnership agreement with Mastercard to ensure the digitization of the agricultural sector in Tanzania with the roll-out of eKilimo, a mobile solution developed by the Mastercard Lab for Financial Inclusion ...
Nigeria: N140bn - Diamond Bank, BoI Partners on Grass-roots Empowerment
March, 09 2017
Nigeria - As part social intervention programmes of the Federal Government, the partnership, which is under the scheme, Government Enterprise and Empowerment Programme (GEEP), would disburse N140 billion to micro-entrepreneurs ...
The Opportunity in Refugee Finance
March, 08 2017
MENA - As the World Bank and other official lenders promote financial inclusion in development programmes, specific payment and borrowing needs around refugee communities, particularly in the Middle East and Africa, have started to come into focus ...
UBS Wealth Management Americas Partners with Rethink Impact to Contribute to Raising Industry's Largest Impact Investing Fund with Gender Lens Overlay
March, 08 2017
USA - UBS Wealth Management Americas partnered with Rethink Impact, a venture capital fund, to contribute to raising $110+million, more than half of which came from UBS clients, including high net worth individuals, family offices, private foundations, and universities, for the closing of Rethink Impact ...
EFSE, QNB Finansbank Increase Support for Agribusiness in Rural Turkey
March, 08 2017
Turkey - The European Fund for Southeast Europe (EFSE) has expanded its support of agricultural businesses in rural Turkey with an additional USD 20 million senior loan to QNB Finansbank, Turkey ...
Opportunity International and Cisco Collaborate with Goal to Improve the Lives of 20 Million People and Create Three Million Jobs by 2020
March, 08 2017
Global - Opportunity International will receive multi-year support from Cisco to impact the lives of low-income women by leveraging digitization, such as mobile cell-phone banking, across several of Opportunity International’s programs, including expanding Opportunity’s capacity in tracking and reporting on clients’ progress out of poverty. ...
Are Millennials Democratizing Sustainable Investing?
March, 07 2017
Global - Millennial interest in Investing with Impact comes at a time where evidence of the performance potential of these types of investments is more readily available. As recently as a few years ago, sustainable investing still carried the stigma of positive change at the cost of performance. But several factors are changing this perception ...
S. Galea, Boston University of Public Health: On Maximizing Shared Value - Insights from Epidemiology
March, 07 2017
Global - Shared value is when a company identifies a social or environmental challenge that can benefit from a particular business approach, then implements that approach to both generate returns and improve social conditions. The principles of shared value are infusing corporate practice to a remarkable degree ...
Quona Capital Raises $141 Million for Financial Inclusion Fund
March, 06 2017
USA - Quona Capital Management Ltd. raised $141 million for the Accion Frontier Inclusion Fund, which will invest in companies that provide financial and other services to underserved customers in emerging markets ...
New Cambodian Leasing Entrant
March, 06 2017
Cambodia - LOLC (Cambodia), the fourth largest micro-finance institution (MFI) in Cambodia, has been given permission by the National Bank of Cambodia (NBC) to offer leasing products ...
D. Siddiqui, Reuters: How Microfinance Reduces Gender Inequality in Developing Countries
March, 06 2017
Global - Country-specific and cultural factors play a key role in determining how microfinance interacts with gender inequality. And these should be considered when assessing the impact of microcredit in the developing world ...
MFI Credit Firm to Push Deeper into Cambodia
March, 06 2017
Cambodia - Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last Friday. ...
From Theory to Practice in the Market Facilitation Approach
March, 01 2017
Global - Since January 1949, when a speech by U.S. President Harry Truman ushered in the modern era of international development, successive generations of theorists and practitioners have wrestled to determine the best means to deliver international development assistance to the world’s poor ...

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