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Demonitization May Lead To Equity Erosion For Microfinance Institutions, Says India Ratings
India Ratings had warned about a build up of risks in microfinance even before demonetization was announced in November last year. Since then, the cash shortage brought on by the currency exchange program and increased instances of farm loan waivers, have disrupted the market further.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Why India needs to work on financial literacy now more than ever
India is home to 17.5% of the world’s population but nearly 76% of its adult population does not understand even the basic financial concepts. Empirical evidence shows that digital efforts on financial education have had a far greater impact than the traditional media.
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- Uncategorized
- Region
- South Asia
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Announcing NextBillion Financial Health: New Partnership with MetLife Foundation Reflects the Evolution of Financial Inclusion
NextBillion is officially re-launching our Financial Innovation site with a new name and partner. The site will now be called Financial Health, and it’s being sponsored by MetLife Foundation. The Foundation shares our concept of how the new NextBillion Financial Health site can best serve our readers: By providing a platform for sharing insights, data, and analysis through articles that ask the big question of what works – and what doesn't – in the movement to help more people use financial services to improve the quality of their lives.
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- Uncategorized
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Inter-American Development Bank Grants Colombia $450 Million USD Loan for Financial System Reforms
According to the IDB, the proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system, promote financial inclusion, and heighten the country’s ability to monitor progress in these areas.
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- Uncategorized
- Region
- Latin America
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Opinion: Adopting the sustainable development goals is a business opportunity for Australia
Business as usual is not an option. The UN Sustainable Development Goals (SDGs), launched in 2015, are 17 goals for ending poverty, transforming health and education, improving our cities and communities, addressing gender equity and tackling urgent challenges such as climate change. Collectively, they propose a new development pathway, based on partnership between governments, civil society and business that could transform our societies.
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- Uncategorized
- Region
- Asia Pacific
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I’m a Victim of DFS: Digitizing My Dollars is Fine, the Problem is Digitizing Me
The whole framework for digital money is inadequate, says Ignacio Mas, because people don't have a proper digital identity. That's partly due to governments and financial institutions having different needs. He recommends dividing identity rules into two: one set that serves financial integrity and law enforcement needs, and another that fulfills the bank's fiduciary duty toward customers.
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- Uncategorized
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Philippines government’s microfinance facility goes nationwide
With sufficient funds to provide to borrowers, the Department of Trade and Industry (DTI) and its micro-financing arm Small Business Corporation (SB Corp) will lead the implementation that will assist micro entrepreneurs financially and enable them to grow their businesses.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- governance, microfinance
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New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.
- Categories
- Uncategorized
- Region
- Asia Pacific
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