Cambodia: Sathapana Bank Gets $35 Million from Taiwan Lenders
May, 25 2016
Cambodia - Facilitated by Taiwan’s First Commercial Bank, seven foreign banks provided $35 million in a syndicated loan to Sathapana Bank Plc, a newly formed Cambodian commercial bank, to expand its existing microfinance operations and broaden its commercial lending portfolio ...
More Reforms Needed to Improve Financial Capability and Inclusion in Azerbaijan
May, 24 2016
Azerbaijan - Development of the financial sector and raising financial literacy over the past several years have improved the financial inclusion in Azerbaijan, but it is still significantly lower than in many comparator countries, finds the new World Bank report Enhancing Financial Capability and Inclusion in Azerbaijan ...
To Invest in the Future Of Coffee, Starbucks Turns to the Capital Markets
May, 23 2016
Global - Here, again, is where these rural businesses are critical. They serve as central gathering points for otherwise disaggregated smallholder farmers, making the disbursement, monitoring, and collection of credit in small amounts more feasible and usually more cost-effective for rural borrowers. ...
Impact Investing a Bright Spot in Emerging Markets Private Equity
May, 18 2016
Global - If the art of politics starts with building movements from shared interests and values, the art of deal making is about creating convergence and opportunity from a set of different interests. Investors and the populations of emerging markets alike stand to benefit from continued convergence of emerging markets private equity and impact investing ...
Ugandan Farmers Put Savings in a Digital Wallet
May, 17 2016
Uganda - The key to developing a mobile application for savings and lending groups is to preserve the same model of accountability and transparency the groups use with the physical cash boxes ...
Sierra Leone Solar Push Aims to Bring Electricity to All by 2025
May, 11 2016
Sierra Leone - The initiative with Britain's development aid ministry (DFID) is part of the UK Energy Africa campaign, which aims to help African countries reach a global development goal agreed by U.N. member states to ensure access to energy for all by 2030 ...
TriLinc Global Impact Fund Makes Impact Investments in Sub-Saharan Africa and Latin America
May, 11 2016
Sub-Saharan Africa and Latin America - TriLinc Global Impact Fund announced today that it has approved an additional $28.5 million in trade finance facilities to companies operating in Sub-Saharan Africa and Latin America, bringing total financing commitments as of April 30, 2016 to $153.5 million for business expansion and socioeconomic development through its holdings in Sub-Saharan Africa, Latin America, and Southeast Asia. ...
Brazil Announces R$5B Credit for Small and Micro Business
May, 10 2016
Brazil - The Conselho Deliberativo do Fundo de Amparo ao Trabalhador (CODEFAT, Deliberative Council of the Worker Support Fund) approved yesterday (May 9th) the creation of a $5 billion line of credit to finance working capital for micro and small businesses. The new credit line will be available to micro and small companies with annual gross revenues of up to R$3.6 million ...
Tanzania: NMB Bond Goes on Offer Today
May, 10 2016
Tanzania - Three-year 20bn/- National Microfinance Bank retail bond goes on sale on the Dar es Salaam Stock Exchange today amid huge appetite shown by debt investors. The bond, with green shoe option of 5bn/-, offers a 13 per cent interest rate payable half yearly for its term of three years ...
Colombia’s Recipe for 100% Agent Coverage: Aggregation & Sharing
May, 09 2016
Colombia - Last year Colombia announced that all of its more than 1,100 municipalities had at least one banking agent, or corresponsal bancario, serving customers in need of financial services. Universal coverage is a fundamental building block toward universal financial access. How did Colombia do it ...
Foundations Tap into Endowments to Make ‘Mission Investments’
May, 06 2016
Global - Rather than focusing on divestment, some foundations are introducing into their portfolio impact investments, which generate social as well as financial returns. For a foundation combating poverty, this might mean investing in companies that are creating jobs, building affordable housing or providing financial services to low-income communities ...
Cambodia: MFI Lending Continues to Skyrocket in 2016
May, 05 2016
Cambodia - Cambodia's microfinance sector shows no signs of slowing down as the sector posted a staggering 41 per cent year-on-year increase in the size of its loan portfolio, and a similar increase in deposits, by the end of the first quarter in 2016, figures released yesterday by the Cambodian Microfinance Association (CMA) show ...
Kenya: Mobile Money Interoperability Inevitable - Expert
May, 04 2016
Kenya - “It seems inevitable nonetheless, that operator resistance to interoperability has a limited shelf life. The rise of the cheap Smartphone in Kenya, as in the rest of the Africa, seems likely to ensure that in the not-too-distant future, MNOs with leading mobile money market share will be willing to cede some of their own ground in order to grow the addressable market,” Peric explained ...
MoneyGram and Millicom Launch Mobile Wallet Service in El Salvador
May, 03 2016
El Salvador - As part of its continued commitment to making money transfers easier for customers, MoneyGram (NASDAQ: MGI) has signed an agreement with Millicom, the parent company of Tigo Money, to launch mobile cash receive services into more than 1 million Tigo Money mobile wallets in El Salvador ...
Want To Serve The World's Poorest Citizens? Take Your Company Public in India
May, 03 2016
India - Given that this “customer” makes only $1.25 a day, the motivation for these entrepreneurs and investors is certainly not a quick exit. They have big ideas for solving big problems, and have little faith that large government programs or multinational NGO’s can do it. So they are looking for scalable solutions, innovation and patient capital to build companies that can ...