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MoneyOnMobile plans to invest US $100 million in Mumbai startup
MoneyOnMobile, a Dallas based fintech Investment Company plans to invest about US $100 million in the Mumbai–based pre–paid mobile wallet and remittance service startup, My Mobile Payments Limited (MMPL).
- Categories
- Uncategorized
- Region
- South Asia
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Cambodian MFIs Predict Lower Earnings in Response to Rate Cap
With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits this year as the new lending reality takes hold.
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- Uncategorized
- Region
- South Asia
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Why Aren’t Kenyan Innovators Making Money From Their Creations?
If Daniel Njuguna were to convert every one of his innovative ideas into businesses, he would certainly be a rich man.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- innovation
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Africa long way off from introducing first ‘unicorn’
Continent continues to innovate while waiting for the first US$1bn company.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Crisis Looms in Southern India’s Microfinance Sector
Trouble for the Rs 57,000-crore microfinance sector is brewing again with drought-hit Karnataka, the largest MFI market with about 14% share, emerging as the new stress point with non-payment of dues. There are repayment concerns also in some smaller pockets of Tamil Nadu, two persons familiar with the development said. As many as 20 NBFC-MFIs, including all the large ones, operate in Karnataka, which is otherwise a mature market for microfinance activity.
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- Uncategorized
- Region
- South Asia
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MetLife Renews Sponsorship Of “Multipliers of Prosperity” Financial Inclusion Site
MetLife Foundation today proudly announces its third year as sponsor of Multipliers of Prosperity, an award winning custom content hub led by WSJ. Custom Studios that helps raise awareness about the challenges and opportunities in the realm of financial inclusion.
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- Uncategorized
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Indian MFI Spandana Sphoorty raises $270 million
Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, which will facilitate its exit from the corporate debt restructuring cell (CDR) after seven years, it said in a statement on 31 March.
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- Uncategorized
- Region
- South Asia
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Ford Foundation to Put $1 Billion of Endowment in Impact Funds
The Ford Foundation is committing $1 billion of its endowment over the next 10 years to money managers who invest in affordable housing and financial services for people in developing countries.
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- Uncategorized
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