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Report: Microfinance Institution Gross Loan Portfolio Grows 84% In Q4 in India
Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.
- Categories
- Uncategorized
- Region
- South Asia
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World Bank Approves US$200 Million Credit to Support Ethiopia’s Small and Medium Enterprises
The World Bank Board of Executive Directors today approved a US$200 million International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia.
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- Uncategorized
- Region
- Sub-Saharan Africa
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MTN & EcoCash launch sub-Saharan Africa’s first operator-to-operator cross-border remittance channel
EcoCash and MTN Zambia officially unveiled a remittance partnership that will enable MTN customers in Zimbabwe’s northern neighbor to send money into the country via the mobile platform MTN Money Wallet.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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MasterCard Commits Up to $1 Million to Advance Financial Inclusion in Rwanda
The MasterCard Centre for Inclusive Growth has committed up to $1 million over the next three years in order to advance economic growth and financial inclusion in Rwanda. The funds will be used to deliver a holistic mix of tools and resources, providing an opportunity to connect micro-entrepreneurs in Rwanda to the formal economy. This will help them to expand their business.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Letter from Mindanao, Part 2: Rural banking and the promise of cacao
In part two of his exploration of the effects of ASEAN integration on banking in the Philippines, Bruce MacDonald discusses the value of targeting hard-to-reach rural clients with microfinance, SME and agricultural loans. Of particular importance: loans for cacao production, as the country is ideally placed to help address a global cacao shortage that could reach a million metric tons by 2020.
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- Uncategorized
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FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration
Today global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world. The partnership will vastly improve FINCA's outreach to excluded populations.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Letter from Mindanao, Part 1: The impact of ASEAN integration on banking in the Philippines
On January 1st, the Association of Southeast Asian Nations' 10 member countries inaugurated the ASEAN Economic Community, a common market whose goal is to forge a prominent regional bloc and bring economic well-being to its 625 million citizens. How will the integration affect banks in the region? In a recent trip to the Philippines, Bruce MacDonald sought the perspectives of government and central bank officials and private bankers.
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- Uncategorized
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Africa Accounts for Only 1.4% of World Insurance Premium
The African Insurance Organisation, AIO, has decried the low level of insurance penetration in Africa, saying that the continent can boast of only about 1.4 per cent of total world premium. President of AIO, Mrs. Lamia Ben Mahmoud who made the assertion at the 43rd Conference and Annual General Assembly of the AIO in Marrakech, Morocco last week noted that there is clear predominance of developed countries on the insurance market.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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