-
New IFC Report Examines Challenges to Microfinance in the Arab World
A new study from IFC, a member of the World Bank Group, has found that external risks, security concerns, and over-indebtedness are perceived as the most serious challenges facing the microfinance sector in the Arab World.
- Categories
- Uncategorized
- Region
- North Africa & Near East
-
‘Seeing People for Who They Are, Not What They Can Prove on Paper’
Shubham, which is focused on helping urban, lower-income families in India own a home through financing, lays out some of the problems it has encountered and issues it foresees in the informal home loan segment.
- Categories
- Uncategorized
-
Survey: Cash and Mobile Money Transactions Rise as Zimbabweans Shun Banking Sector
More than 80 percent of local transactions happen in cash as Zimbabweans continue to shun the formal banking process while more than 25 percent of bank accounts are dormant. According to a new survey titled “Making Access Possible (MAP) Diagnostic” conducted in Zimbabwe mobile money subscriptions grew by over 100 percent in the last two years as they are more preferred than banks for transactions.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
IFC Lends P700 Million to Two Philippines Financial Institutions for MSME Financing
The International Finance Corporation (IFC) will provide a seven-year loan to CARD Bank, Inc. and CARD SME Bank, Inc. to benefit micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural areas.
- Categories
- Uncategorized
- Region
- Asia Pacific
-
Bill Gates | 2016 Will Be the Year of Financial Inclusion
Bill Gates describes himself as a technologist, business leader, and philanthropist. More recently, he was called the most generous man in the world.
- Categories
- Uncategorized
- Region
- South Asia
-
Barclays Officially Opens Hub to Catalyse Fintech Innovation in Africa
Last month, ex-Barclay’s CEO Antony Jenkins warned that banks face massive disruption within the very near future. Similar to how the popular ride-sharing app Uber is upsetting the balance within the transport industry, so too does the financial services sector face inevitable disruption. Technologies such as cryptocurrencies, blockchains and mobile are opening up cheaper, faster and more secure avenues for services.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Indian Microlender SV Creditline Gets $8M From Blue Orchard
Delhi-based microfinance firm SV Creditline Pvt Ltd (SVCL) said on Friday it has raised $8 million (Rs 52 crore) in funding from global impact investment manager Blue Orchard.
- Categories
- Uncategorized
- Region
- South Asia
-
New Report Calls for Scale-Up of Financial Services “Pathways” to Help End Extreme Poverty
The Microcredit Summit Campaign released its 17th annual survey of the global microfinance industry December 9th at the Inclusive Finance India Summit held in New Delhi, India. Campaign Director Larry Reed featured the publication, "Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015," in his presentation on Wednesday to attendees of India’s premier financial inclusion conference.
- Categories
- Uncategorized
- Region
- South Asia
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.