Myanmar: Micro Lenders Eye Growth Paths
September, 29 2013
Myanmar - World Vision is attempting to become the first NGO to obtain a commercial licence for its Microfinance Institution (MFI) arm in Myanmar, as the industry increasingly professionalizes, more commercial players enter and rules governing the sector are established ...
Guyana Opens Credit Info Bureau
September, 28 2013
Guyana - Guyana's first Credit Info Bureau (CIB) was launched Friday evening at the Georgetown Club. It was described as a significant and important milestone in development of the financial sector in Guyana ...
Nigeria's Central Bank Mobilizes €1.9bn for SMEs in Kebbi
September, 27 2013
Nigeria - The Central Bank of Nigeria (CBN) has earmarked N420 billion (€1.9 billion) as Credit Guarantee Scheme to support small and medium-sized enterprises (SMEs) in the Kebbi region, the Secretary of the Nigerian Association of Small Scale Industries (NASSI) has revealed ...
Switzerland: Bamboo Finance Seeks $200M for Second Fund
September, 25 2013
Switzerland - Yet another firm is out in the market trying to convince potential backers that investments with a positive social and environmental impact in emerging markets aren't just in the interests of philanthropy. ...
Pakistan: Credit Line-Govt Unveils Microfinance Scheme Worth RS125b
September, 25 2013
Islamabad, Pakistan - Against the backdrop of negative credit growth in the private sector and risk-aversive banks reluctant to lend money to small borrowers, the government’s small business loan scheme is set to provide at least Rs100 billion loans to 100,000 borrowers in a year ...
The End of Poverty, Soon
September, 24 2013
Global - One can say that the fight to end poverty is helping to forge a new kind of mixed capitalism. Old debates of public versus private are being superseded by new strategies that involve both the public and private sectors. ...
Switzerland: UBS Launches First Fund for Impact Investing
September, 23 2013
Zurich/Basel, Switzerland - UBS has set up and closed its first impact investing fund dedicated to investing in small and medium-sized enterprises (SMEs) in emerging and frontier markets (countries with nominal GDP of less than USD 10,000 per capita) ...
India: RBI Relaxes Branch Opening Norms for Banks
September, 20 2013
Mumbai, India - The Reserve Bank of India (RBI) on Thursday relaxed its norms for banks to open branches in Tier I cities to push financial inclusion—the process of spreading banking services to unbanked areas ...
The Rise of Sustainable Banking
September, 19 2013
United Kingdom - Gone are the days when banks existed purely for the purpose of generating profits," writes World Finance, as financial crisis and the banking collapse has given rise to a wave of sustainable banking ...
Mexican Micro-Lender Compartamos Gets a Corporate Facelift
September, 18 2013
Mexico - Mexican micro-finance company Compartamos SAB (CMPRY, COMPARC.MX) is changing its corporate name to Gentera, which it expects will give it greater clarity and flexibility as it continues to pursue expansion, company executives said Wednesday. ...
M-Pesa Usage Data: OTC Makes Sense, Even for Kenya
September, 17 2013
Kenya - Cash-lite and cashless are big buzzwords at the moment in financial inclusion circles. They have become the goal of many business and public policy initiatives especially in the mobile ecosystem. ...
India: Micro Housing Finance Corp Raises $5.4 Million in New Equity Funding
September, 17 2013
India - Urban lower income-focused housing finance company, Micro Housing Finance Corporation (MHFC), has raised Rs 35 crore in new equity funding from existing investors including the India Financial Inclusion Fund (IFIF) and the Michael & Susan Dell Foundation (MSDF) besides adding a new investor Unilazer Ventures Pvt Ltd, the personal investment vehicle of Ronnie Screwvala ...
India: Ujjivan Raises Funds from Oikocredit
September, 11 2013
India - Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised R50 Cr of debt capital through issuance of listed, secured, redeemable, NCDs to Oikocredit, an international cooperative and social investor ...
Insurers Back Fund with Focus on Asia and Africa
September, 09 2013
Global - Six of the world’s leading insurers are to invest in a new $400m private equity fund being set up to back companies that sell financial services to individuals in developing countries ...
Lok Capital Turns to Renewable Energy, Farm Sector
September, 08 2013
Global - Lok Capital, which makes equity investments in ventures that have a social impact, now plans to put in money in the renewable energy and agriculture sectors. Here again, the focus will be on businesses that have a bearing on the lives of the poor, both in rural and urban areas ...
Zimbabwe Regulates Microfinance Business
September, 08 2013
Zimbabwe - The passing of the Microfinance Act seeks to address irregularities in the sector as unscrupulous microfinance institutions (MFIs) continued to dupe the public of their money, the sector’s association has said ...
The Truth about Microfinance in Peru
September, 05 2013
Huancayo, Peru - For each of the past five years, the Economist Intelligence Unit’s Global Microscope on the Microfinance Business Environment has ranked Peru as the world’s best climate for microfinance. But what does that mean at a grassroots level ...
India: SKS Trust Hikes Stake in SKS Microfinance
September, 04 2013
India - SKS Trust Advisors Pvt. Ltd said on Tuesday that it had become the single largest shareholder in India’s only publicly traded micro lender SKS Microfinance Ltd after it bought an additional 2.69% in the company on the stock exchanges ...