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‘Like Using a Wall to Stop a Runaway Bus’: Cambodian Microcredit is Overheated, But Rate Caps Aren’t the Answer
Daniel Rozas says a proposed interest rate cap of 18 percent on most new microloans in Cambodia will, if enforced, hurt the very people it ostensibly seeks to protect. Taking issue with a recent post by Milford Bateman, Rozas argues the cap would create a clear preference for certain types of lending and could heighten problems created by Cambodia's saturated microcredit market.
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- Uncategorized
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Aman Foundation’s chairperson wins Social Entrepreneur of the Year award
Upon winning the award, Fayeeza said, “Aman is dedicated to promoting the centrality of family, and dignity of life for all. The ‘Sukh’ program was created with this mission in mind, and seeks to foster gender equality, by giving women the power of choice.”
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- Uncategorized
- Region
- South Asia
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Global Accelerator Learning Initiative Releases Second Major Report
The Global Accelerator Learning Initiative (GALI)--a partnership between the Aspen Network of Development Entrepreneurs (ANDE) and Social Enterprise @ Goizueta at Emory University--released its second major report revealing that emerging market entrepreneurs and accelerator programs are more similar to those run in high-income countries than previously believed. Across a range of countries, entrepreneurs that go through accelerator programs report more capital raised, more revenues, and more full-time employees.
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- Press Release
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- Uncategorized
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- research
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Climbing India’s Technology Stack: As the Fintech Revolution Extends to Health Care, Will Emerging Markets Be Ready?
The use of technology stacks has been a profoundly important breakthrough for social and financial inclusion in India, and it also opens up many opportunities to transform health care for the poorest residents there. But as these tech-based solutions proliferate in other low and middle-income countries, writes David Butz, the health care industry must be prepared for the massive disruptions they're likely to bring.
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Savings groups boost financial inclusion and women’s empowerment among rural poor, three-country study finds
“What we’re seeing is that that the poor can and do save for themselves when given the right opportunity, and this has positive effects elsewhere in their lives,” says Dean Karlan, professor of economics at Yale and co-author of the study. “We see savings and business income increase, but importantly there is also a boost in women’s empowerment. As women get more access to these groups, their say in household decisions also increases.”
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- Uncategorized
- Region
- Sub-Saharan Africa
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6 Surprising Reasons Why South Africans Are Not Big On Banks
BCG recently undertook extensive research into the process of financial inclusion in South Africa. This primary research which is based on surveys, interviews and a fresh analytical approach, yielded several interesting themes about the country’s use and perceptions of formal banking channels. Bringing more people into the financial system has the ability to enhance GDP growth, reduce poverty and create new market opportunities for the private sector.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Money Management Application ‘Swadhaar Saathi’ Wins $100,000 from MetLife Foundation Innovation
Swadhaar Saathi has been announced winner of the MetLife Foundation Inclusion Plus competition in India. The competition was open to entrepreneurs, businesses and non profit organisations and aimed to discover innovative solutions to promote financial capability and access to financial services in India. With more than 100 entries, Swadhaar Saathi won the grand prize with its money management application and collected a grant of 100,000 dollars.
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- Uncategorized
- Region
- South Asia
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Demonetization brought out the best in Indian microfinance clients
Five months after demonetization, the uncertainty has started to fade.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance, regulations
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