-
Cambodian MFIs relax stance on rates cap
Microfinance institutions will not object to an 18 percent cap on interest rates which comes into effect on April 1, a senior official from the Cambodia Microfinance Association said. Association president Hout Ieng Tong said yesterday they would not seek a rise in the rate because the government had considered the issue thoroughly before ordering the cap.
- Categories
- Uncategorized
- Region
- South Asia
-
Viewpoint: Cambodia’s interest rate cap will hurt rural families
On March 13, the National Bank of Cambodia announced a major new policy. Starting April 1, all microfinance institution operating in Cambodia will be required to lend at interest rates no higher than 18 percent per year. This is a deeply misguided regulation that will undo over a decade’s worth of successful financial policies.
- Categories
- Uncategorized
- Region
- South Asia
-
Viewpoint: Cambodia’s interest rate cap will hurt rural families
On March 13, the National Bank of Cambodia announced a major new policy. Starting April 1, all microfinance institution operating in Cambodia will be required to lend at interest rates no higher than 18 percent per year. This is a deeply misguided regulation that will undo over a decade’s worth of successful financial policies.
- Categories
- Uncategorized
- Region
- South Asia
-
Chivas Regal unveils $1 million global social enterprise finalists
About 30 of the brightest startups from across the globe were unveiled at the Skoll Centre, University of Oxford, as finalists of the Chivas Venture, a global search to discover and reward the world’s most promising social entrepreneurs. Each finalist, including James, Co-Founder of I-Drop Water from South Africa will travel to Los Angeles in July 2017 to compete for a share of $1 million to make their dream of creating a better future for the world a reality.
- Categories
- Uncategorized
-
World Bank approves $450m for banking, financial access in Pakistan
The World Bank has approved a package of measures worth $450 million aimed at expanding banking services and financial access in Pakistan. The ‘Finance for Growth Development Policy’ (FGDP) is a policy credit of $300 million to support the government’s efforts in promoting a more inclusive and transparent financial sector, the World Bank country office in Islamabad announced on Thursday.
- Categories
- Uncategorized
- Region
- North Africa & Near East
-
Crowdfunding the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Impact Assessment Reveals Visa’s Public-Private Partnership Boosts Financial Inclusion in Rwanda
The assessment concluded that this public-private partnership demonstrated a new model for doing business in emerging markets, which laid the groundwork for enhanced financial inclusion in the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Will Move to Cap Microfinance Interest Rates Backfire in Cambodia?
Some analysts say the move is unlikely to help reduce poverty, and could throw the country’s microfinance system into disarray.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- microfinance, regulations
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.