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IPA Announces Partnership With JPMorgan Chase & Co. to Share Evidence on Financial Inclusion
Innovations for Poverty Action announced today the beginning of a partnership with JPMorgan Chase & Co. to translate research around the world into practical insights for financial service providers engaged with underserved consumers in the U.S. and Europe. This work will be conducted in close partnership with MIT’s Abdul Latif Jameel Poverty Action Lab (J-PAL).
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- Uncategorized
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Future Looks Gloomy for Ghana’s Microfinance Institutions
THE future looks gloomy for Ghana’s microfinance institutions as the country’s central bank cracks the whip on fly-night lenders that have mushroomed across the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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India: Moving a Billion People into Digital Finance
Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion.
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- Uncategorized
- Region
- South Asia
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Report: Digital Money Is Now ‘Part Of The Fabric Of The Modern World’
A recent report from Imperial College London with Citi digs deeper into digital money – its benefits, global adoption, tipping point and much more.
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- Uncategorized
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Leaping Into the Future: Nigeria’s Rural Microfinance Community Gets Connected Using Stellar and Oradian
In the 1970s, microfinance began to take off as people started extending credit to small businesses and farmers as a way of getting them out of poverty. Microfinance works: the only problem is it's hard to scale; it's time-consuming and expensive to disburse and collect loans for instance. People are not able to transfer money within the country because they can't get normal bank accounts or afford to pay 20% for traditional remittance/money transfers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Commercial Bank of Africa to Offer Direct Mobile Lending in Uganda
Commercial Bank of Africa (CBA) is introducing a Mobile Micro Savings and Loans product in Uganda allowing customers to borrow money via their phones.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- lending, microfinance
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Accion and Opportunity Fund Launch Study Analyzing Impact of Microloans on U.S. Small Businesses
Will be the first national, longitudinal, qualitative study to focus on microfinance and economic well-being outcomes.
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- Uncategorized
- Region
- North America
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- microfinance
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Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of Detroit Residents
Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. Participants make monthly loan payments and take turns receiving zero-interest social loans, ranging from $300 to $2,500. All loan payments are reported to credit bureaus, enabling participants to build a credit history, raise credit scores and work towards greater financial stability.
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- Uncategorized
- Region
- North America
- Tags
- lending
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