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Building a More Humane World Has Caught the Imagination
February, 28 2018
Global - A recognition that the world’s resources are finite and the desire to build the kind of society we want our children to grow up in, is the area of impact investment which is increasingly catching the imagination of the investment community
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Nigeria: BoA Disburses N9.3bn Micro Loans
February, 28 2018
Nigeria - Dr Kabiru Muhammad Adamu, Managing Director, Bank of Agriculture (BoA) on Monday said the bank had as at December 2017 disbursed N9.3 billion to 200,000 farmers under its Micro credit finance programme as he expressed concern over the attitude of beneficiaries to repayments
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Digital Credit Scoring Paves Way for Microloans in East Africa
February, 27 2018
East Africa - More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on file in public credit registries
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Armenia: Ameriabank Raises $11.5 Million Funding from Symbiotics
February, 26 2018
Armenia - Ameriabank announces has signed a USD 11.5 million senior loan agreement with Symbiotics’ Micro, Small & Medium Enterprises Bond issuance program, with a possibility to increase the amount by an additional USD 10 million in hard or local currency
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Five Strategies for Poverty Reduction in Brazil
February, 23 2018
Brazil - The country of Brazil has seen an increase in income in recent years by rising to fame with its Brazilian soap operas and talented soccer athletes. Besides all of the talent that resides in Brazil, it is actively seeking ways to reduce its poverty rates by implementing different programs and resources. Poverty reduction in Brazil is an important method of improving the country
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E. Minischetti, B. Gallery, Frontier: Harnessing the Power of Fintech in Myanmar
February, 23 2018
Myanmar - Myanmar is a clean slate to advance financial inclusion through financial services delivered via mobile technology. There are several factors that deter uptake of formal financial services, including the banking crisis in 2003, the lengthy process of opening accounts and doing basic transactions, and the lack of banking infrastructure, particularly in rural areas
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India: Asset Quality of Microfinance Institutions Improves - Crisil
February, 22 2018
India - The Crisil report has three pointers that indicate this positive change. First, asset quality has improved, as evidenced by reducing portfolio delinquencies. Then, cumulative collection efficiencies have risen to over 99 per cent for disbursements since April 2017. Moreover, high degree of investor support reflected in the significant equity and debt raised post demonetisation.
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VisionFund Myanmar Launches Loan Scheme for Factory Workers
February, 17 2018
Myanmar - VisionFund Myanmar recently announced the launch of a new microfinance loan product exclusively for garment factory workers, funded by the Livelihoods and Food Security Trust Fund (LIFT), according to a press release on 16 February
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UBA’s Leo and Digital Banking for Financial Inclusion in Nigeria
February, 13 2018
Nigeria - To show the power of digital banking, the report of the Nigeria Interbank Settlement System (NIBSS) major electronic payment channels showed that total value of transactions notched up 35 per cent to N69.7 trillion in 2017, from N51.6 trillion recorded in 2016
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Asia-Pacific Fintech Market to Reach US$72 Billion by 2020, Finds Frost & Sullivan
February, 09 2018
Asia-Pacific - The Fintech industry in the Asia-Pacific region is expected to grow at a CAGR of 72.5% from 2015 to 2020, reaching US$72 billion. The positive outlook is fuelled by growth in digital payments such as increasing adoption of cashless payments by small and medium sized enterprises. There is also more widespread awareness of the viability of using P2P financing as well as new methods of crowdfunding using Blockchain, which will lead to growth in the personal and business financing segment
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Make Money, Do Good: Women and Young Invest with Purpose
February, 09 2018
Global - Investors increasingly want more than good returns - they want to do good, too, with women and millennials most likely to buy products that seek to save the world, according to a Swiss bank.
UBS, a global financial services company, said banks needed to create so-called impact investing products, which further global development goals by supporting sectors such as clean energy, education and healthcare
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In Kenya, Financial Inclusion Shifts from Access to Advanced Use
February, 08 2018
Kenya - Financial access in Kenya is already very high, especially when compared to other countries in Africa and Asia. In this setting, the momentum around expanding access has plateaued, but a new narrative is taking hold – around deepening engagement with financial services, more active use, and use of a wider range of more advanced services
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China and Myanmar Launch Poverty Reduction Project
February, 05 2018
Myanmar China - A model project for rural poverty reduction with financial and technical assistance from China was launched in Lewe and Tatkon townships in Nay Pyi Taw last week, the Ministry of Agriculture, Livestock and Irrigation said in a statement
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Microfinance Companies Show Improvement in Financial Health
February, 05 2018
Global - The worst appears to be over for the microfinance sector with the biggest practitioners of micro lending to the poor showing improved financial health, setting aside the stress they were subjected to for nearly a year after demonetisation
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New Investment Platform to Deploy $50m to Scale Energy Access
February, 05 2018
Global - A new investment platform was launched today, set to revolutionise access to energy for millions in sub-Saharan Africa and Asia.
The BEAM platform – the first of its kind – is set to initially deploy $50 million in equity for distributed energy service companies (DESCOs) and will unlock further debt capital
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Kempen Launches Impact Investing Pool
February, 01 2018
Global - Kempen has launched a multi-asset impact fund, which it said is focused on targeting market-level financial returns and positive societal and environmental impact
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Nigeria: 7,000 SME Operators Get BoI’s Micro-Credit Loans
February, 01 2018
Nigeria - The Bank of Industry (BoI) has disbursed micro-credit loans ranging from N50,000 to N100,000 to over 7,000 beneficiaries in Cross River State under the Federal Government’s Enterprise and Empowerment Programme (GEEP)
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