A New Way to Lend to the Poor
June, 29 2016
Global - After years of growing skepticism about microfinance, the industry is making a comeback. New models are proving it is possible to give the poor access to credit in a sustainable manner and still turn a profit ...
Storming the Walls – How Mozambique’s ‘Citadel Economy’ Shapes Financial Inclusion
June, 27 2016
Mozambique - The answer to connecting people outside the citadel to services within it will first and foremost lie in electronic payments. This will require a widespread and interoperable payment system footprint. But to do so, it’s important to recognise that cash remains the lifeblood of economic activity outside of the citadel – a situation that is unlikely to change anytime soon ...
Mexico Joins Better Than Cash Alliance
June, 24 2016
Mexico - Mexico has become the latest country to join the UN-based Better Than Cash Alliance as it bids to accelerate the country's migration to digital payments as part of the government's financial inclusion strategy ...
MyBucks SA Debuts on Frankfurt Stock Exchange
June, 24 2016
Frankfurt, Germany - GetBucks controlling shareholder, MyBucks SA, debuted on the Frankfurt Stock Exchange yesterday after raising €15,5 million through an initial public offering (IPO), which was oversubscribed ...
Ghana: Beyond the Microfinance Challenges
June, 21 2016
Ghana - The recent media report about the collapse and lack of liquidity in the microfinance sector cannot be overemphasised. However, there are widespread fears about the wider challenges facing the general financial sector especially the banking industry ...
Mobile Money Revolution: The Next Big Thing in Pakistan
June, 21 2016
Pakistan - Though mobile money has a long history but only recently it has gained momentum due to the innovative technology support for it. This trend of “non-coined currency” is adopted across the world in different ways and its demand has been successfully recognized by the companies and organizations ...
Philippines: Rural Banks Considering Mergers, Consolidation
June, 21 2016
Philippines - Rural Bankers Association of the Philippines’ (RBAP) new president Antonio O. Pasia said five rural banks in Batangas, 12 in Laguna and five others in Cavite are having consolidation talks. Six rural banks in Leyte are also discussing a possible merger ...
India’s Credit Information Bureau Expands into Small and Micro Loans Segment
June, 16 2016
India’s Credit Information Bureau (India) Limited (CIBIL) has expanded its reach in the small and micro loans segment. CIBIL will partner and provide information solutions to small and micro lenders to help them make better lending decisions, grow their customer base and drive credit penetration ...
Closing China’s Credit Gap
June, 06 2016
China - Between 2011 and 2014, 180 million adults (aged 15+) became new bank account holders in China. Yet in 2014, only 9.6 percent of Chinese adults, or less than 110 million, actually accessed credit from a financial institution, which includes credit unions, microfinance institutions and cooperatives as well as banks ...
Zambia Expands Access to Finance with Secured Transactions Law and IFC Help
June, 03 2016
Zambia - IFC, a member of the World Bank Group, has helped Zambia create a modern secured transactions law, which will allow entrepreneurs and smaller businesses in the country to use moveable collateral to access loans, supporting growth and financial inclusion and strengthening the financial system. ...
Caught in the Middle
June, 02 2016
Global - Around two-thirds of SMEs in poor countries cannot borrow as much as they would like, compared with a sixth in the rich world, says the International Finance Corporation, the corporate-lending arm of the World Bank. ...
Gates Offers $80M to Close Gender Data Gap
June, 01 2016
Global - To narrow these gender data gaps and accelerate progress for women and girls throughout the world, the Bill & Melinda Gates Foundation has committed to invest US$80 million over the next three years ...