Cambodia: Borrowing Gap Widens as MFI Sector Grows
October, 30 2015
Cambodia - Cambodia’s microfinance sector continued its rapid expansion in the first nine months of the year, according to the latest figures from the Cambodia Microfinance Association (CMA), although the gap between loans and deposits in the sector also continued to widen ...
Microfinance in Africa: Effective Enough?
October, 29 2015
Africa - Laden with natural resources and a fast-improving agricultural sector, Africa has immense potential of achieving healthy economic growth and high living standards. Sadly, reality today paints a bleak picture. ...
How Mobile Money Drives Economic Growth
October, 28 2015
Global - Mobile money—the ability to transfer funds, pay bills, save, borrow and even acquire insurance coverage via mobile phones—is transforming the lives of individuals and small businesses globally. The ability to access funds anywhere, anytime saves time, improves security and provides a means for saving and managing money more effectively than traditional methods ...
Innovation is Key to Growth in Bolivia
October, 27 2015
Bolivia - A focus on innovation and expansion in segments such as microinsurance and other mass-market products are the keys for growth at Nacional Vida, one of Bolivia’s largest insurance companies, according to its president Jose Luis Camacho ...
Brazil: For MFIs, The Future is Go Green,' or 'Go Broke'
October, 23 2015
Brazil - Microloans are a vital tool for farmers and rural entrepreneurs to upgrade their businesses or invest in the next growing season. But what happens to microfinance models when the next growing season never materializes? Or the one after that? Microfinance institutions can help answer those questions and can offer a key bridge to climate change adaptation and mitigation strategies ...
Family Offices Expand Their Philanthropic Ventures
October, 23 2015
Global - Traditionally, family offices have usually not been involved with philanthropic endeavours, which the family either made directly, or via a foundation. But families are increasingly becoming interested in impact investing, which aims to make a profit as well as benefit society or the environment ...
Making Mobile Money Accessible in Pakistan
October, 19 2015
Pakistan - Mobile wallets could have a revolutionary impact on financial inclusion in Pakistan. While 8.7% of adult Pakistanis reported having an account registered at a financial institution, approximately 48% of financially excluded adults reported owning a mobile phone. This means that the mobile channel holds great potential when it comes to financial outreach ...
PwC: India’s Unbanked Population Halves to 233 Million
October, 14 2015
India - India’s unbanked population has more than halved to 233 million in 2015 from 557 million in 2011, according to a report prepared by PricewaterhouseCoopers India for the Internet and Mobile Association of India (IAMAI) and Payments Council of India (PCI) ...
India’s Newly-licensed Banks Carry Potential Seeds of Revolution
October, 12 2015
India - Whether this plethora of upstarts will bring fundamental changes is open to debate. Some opinion holds that the newcomers will start small and, beyond IDFC Bank, most are likely to stay that way. Many may struggle to develop a decent business model, too ...
Africa: Giving Women Control Over Their Finances
October, 09 2015
Africa - Including more women from the developing world in the global economy can help them and their communities escape poverty – so what role should the private sector and civil society play? ...
Nepal: ADB Okays $15m Aid to Help Quake-hit Districts
October, 09 2015
Kathmandu - The Asian Development Bank (ADB) has approved a new $15 million grant to rebuild schools, provide micro loans to help restore livelihoods, and to boost awareness of disasters in the 14 districts most severely affected by the recent earthquakes in Nepal ...
African Mobile Money Begins Breaking the Bank... A Lot of Banks
October, 07 2015
Africa - According to the GSMA there are now 21 mobile money services worldwide with more one million active accounts. This validates mobile money beyond what M-PESA has achieved in Kenya; this is a financial revolution in developing countries all over the world; led by Africa ...