SIDBI Launches India Microfinance Platform
June, 28 2013
India - Small Industries Development Bank of India (SIDBI) today launched India Microfinance Platform, a portal which gives comprehensive information about microfinance players in the country ...
Nigeria: CBN-Funding MFBs To Boost MSMEs Development
June, 26 2013
Abuja, Nigeria - Micro, Small and Medium Enterprises (MSMEs) are critical to the development of any economy as they possess great potentials for employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with large-scale industries ...
Zimbabwe Financial Inclusion Remains Low
June, 19 2013
Zimbabwe - Not more than two in every 10 Zimbabweans employed by micro, small and medium enterprises conducts business through the formal banking system as the level of financial inclusion remains low, a government commissioned report has shown ...
Finance and Poverty: Evidence from India
June, 17 2013
India - The relationship between finance, inequality and poverty is a controversial one. While some observers attribute not only the crisis but also rising inequality in many Western countries to the rise of the financial system, others see an important role of the financial sector on the poverty alleviation agenda. ...
Lender Targets Developing Nations’ Top Entrepreneurs
June, 17 2013
Global - What would happen if business owners in developing countries who lacked access to commercial lending were offered a more generous helping hand – offering credit that exceeded the typical $5,000 microloan ...
Recognition for Financial Innovations That Help Transform Lives
June, 14 2013
United Kingdom - What the awards demonstrate, however, is that financial institutions can act responsibly. And if they use their loans and investment capital in the right way, they can pursue social and environmental goals while also generating a profit. ...
Microfinance in Africa: Opportunities for Social Entrepreneurs
June, 14 2013
Africa - It is undeniable that there is a large untapped microfinance market in Africa today, although constraints remain numerous. Africa, with an average loan size estimated in 2011 at USD 475, is well above the average portfolio yield of the Symbiotics worldwide microfinance index. ...
Swaziland: 54% Has No Access to Financial Products
June, 13 2013
Swaziland - This was revealed by Minister of Finance Majozi Sithole yesterday when launching the MAP (Making Access Possible) project, a tool to facilitate the development of the financial inclusion strategy for Swaziland ...
A New Wave of E-Money in Latin America
June, 11 2013
Latin America - Because banking penetration, though high, is focused in middle and upper urban class, the prospect of reaching many poorer, unbanked citizens away from large towns remains the promise of this alternative infrastructure beyond the banking system. ...
Bank of Ghana Directs MFIs to Use Credit Referencing
June, 04 2013
Ghana - The Bank of Ghana (BOG) has instructed all Micro-Finance Institutions (MFIs) in the country to submit data and other information on their borrowing parties to the credit reference bureaus in the country to allow for easy tracking and assessment of credit-worthiness of borrowers ...
Pakistan: FINCA Becomes Majority Shareholder in KMBL
June, 01 2013
Pakistan - Kashf Microfinance Bank Limited on Friday announced an equity injection of Rs 824.7 million by FINCA Microfinance Cooperatief U.A. (Netherlands).With this transaction, FINCA becomes the majority shareholder in KMBL, acquiring 82.8 per cent of the shares ...