BRAC Uganda Bank Launched
April, 29 2019
Uganda - BRAC, one of the largest microfinance providers in Uganda, has been transformed into a Tier 2 Credit Institution (CI) to broaden the range of financial services it provides to low-income communities ...
New Investor Alliance Launches to Tackle SDG Financing
April, 26 2019
Global - The United Nations has announced the creation of a Global Investors for Sustainable Development Alliance, which will bring together a group of CEOs as part of its efforts to more closely align the international financial system with the 2030 agenda ...
How Developing Nations Use Tech to Reach the ‘Underbanked’
April, 24 2019
Africa and Middle East - The small size of loans made to low-income borrowers render them relatively expensive to administer for the microfinance lenders. Technology can achieve economies of scale that bring these overheads down. ...
There’s an Untapped Market for ESG Investing
April, 24 2019
Global - More investors than research has shown are interested in environmental, social and governance (ESG) investing, but most don't speak out, and many need education to help them invest in what matters to them ...
Don’t Underestimate the Power of the Fintech Revolution
April, 17 2019
Global - Financial innovations are unlike other inventions in that they can directly impact the efficiency of the financial sector, which is how savings and investment are intermediated in an economy – and which then affect growth ...
What Investors Actually Want from Sustainability Data
April, 17 2019
Global - To account for the effects of a world in flux, more investors are pursuing strategies that consider relevant environmental, social and governance (ESG) factors, an approach known broadly as sustainable investing. In 2017 alone, assets managed through such an approach increased by 37 percent, according to Bloomberg ...
Nicaraguan Small Business Lenders Losing Clients Big Time
April, 15 2019
Nicaragua - The companies associated with the Microfinance Association lost 22% of their portfolio and 21% of their clients. This translates into nearly 117,500 clients, signifying a greater number of families that will see their incomes diminish ...
World Bank Arm Launches ‘Impact Investment’ Standards
April, 12 2019
Global - A coalition of 60 asset managers and institutional investors has signed up to new standards designed to accelerate the growth of so-called “impact” investments that aim to deliver positive benefits to society ...
OPIC Provides $5m Loan to BRAC Myanmar Microfinance
April, 10 2019
Myanmar - The financing will help BRAC Myanmar provide more loans and increase financial inclusion in Myanmar, a country where less than 26 per cent of the adult population has access to formal financial services ...
SSA to Remain Significant Region for Impact Investing
April, 08 2019
Sub-Saharan Africa - The impact investing market in Sub-Saharan Africa continues to demonstrate strong momentum, according to Rachel Bass (pictured), Research Manager at The Global Impact Investing Network (GIIN) ...
Zimbabwe: Parly Reviews Microfinance Laws
April, 07 2019
Zimbabwe - Zimbabwean lawmakers will this week start the process of changing laws governing microfinance institutions (MFIs) in the country to strengthen supervision of the sector ...
Jamaica Development Bank to Ramp up Lending
April, 04 2019
Jamaica - Jamaica's 2019-20 budget, approved March 23 and going into effect April 1, includes a major push from the government to boost lending to MSMEs as well as tax cuts, measures that look to produce an increase in loan applications ...
Global Impact Investing Network Publishes Standards Guide
April, 03 2019
Global - The Global Impact Investing Network (GIIN), today launches its Core Characteristics of Impact Investing, four tenets that define the growing space of impact investing and will provide financial markets with greater clarity on what constitutes credible impact investing practice ...
Yunus, BNP Paribas Launch ClimateSeed
April, 02 2019
Global - The agreement marks the launch of a five-year global partnership that will see the Grameen Creative Lab (GCL) and BNP Paribas working together to roll out social businesses within the BNP Paribas Group ...
LuxFLAG Labelling Now Emcompasses 117 Funds
April, 01 2019
Luxembourg - LuxFLAG, the Luxembourg labelling agency, has added another 15 funds to its programme, taking the total to 117 products. The new labels cover ESG funds, while a further 13 funds have had their Microfinance labels renewed ...