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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
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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.
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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
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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.
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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.
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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
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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.
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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
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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
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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
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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
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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)
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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
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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
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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
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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
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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
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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
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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
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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
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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?
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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
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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
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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
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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
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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
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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
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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
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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.
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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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