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Legitimate MFIs to Be Distinguished By Logo in Ghana
The Ghana Association of Microfinance Companies (GAMC) is to introduce a corporate signage for all licensed institutions in the sector by mid-2017. The signage, which would be present at the premises of all registered microfinance institutions in the country from January, is to help the public identify licensed companies to do business with.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Is Microcredit a Vaccine or an Antibiotic?
In his third post in a series, Timothy Ogden asks if microcredit is a vaccine or an antibiotic. In other words, does it work best when delivered at the right dose and at the right moment, or when it's made available to an entire population? Thinking through that frame, he believes, can help social investors clarify their theory of change and guide what areas of microcredit innovation to invest in.
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- Uncategorized
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Center for Financial Inclusion at Accion, Institute of International Finance and MetLife Foundation Launch Project to Help Banking Industry Overcome Barriers to Financial Inclusion
The Center for Financial Inclusion at Accion (CFI), the Institute of International Finance (IIF) and MetLife Foundation, together with the International Finance Corporation (IFC) as a technical partner, announced today a two-year initiative to help advance the financial services industry’s ability to reach unserved and underserved populations. The project, titled Mainstreaming Financial Inclusion: Best Practices, will facilitate learning and action on how financial institutions can respond to the specific challenges of reaching lower income market segments. Through research, knowledge exchange, best practices, real world examples and expert insights, the project will identify and transmit practical guidance that financial institutions can use to expand quality services to the poor.
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- Uncategorized
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The Curious Case of 4.5 Million Jan Dhan Accounts That Were Closed During India’s Demonetisation Chaos
The Narendra Modi government’s flagship financial inclusion scheme—the Pradhan Mantri Jan-Dhan Yojana (PMJDY)—has always been about big numbers.
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- Uncategorized
- Region
- South Asia
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Airtel launches payments bank in India
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aimed at taking financial services to the millions who are outside the banking system.
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- Uncategorized
- Region
- South Asia
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In Social Enterprises the Challenge Lies in Indentifying Unique Opportunities
Social enterprises implement commercial strategies in an endeavor to maximize social and economic benefits. Most of them are focused on skill development in India but the fact remains that in the startup space it becomes difficult to put profitability and social benefits in the same platter.
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- Uncategorized
- Region
- South Asia
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Demonetisation has hit micro loans repayment in India
Demonetisation of high-value currency notes has hit repayments of micro loans, many of which originated in Uttar Pradesh and Madhya Pradesh and were adversely impacted following political intervention by local leaders and rumours of loan waivers, Rating Agency ICRA has said.
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- Uncategorized
- Region
- South Asia
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Kenya’s Commercial Bank of Africa gears up for expansion into Rwanda
Rwanda’s central bank says it is processing a licence application by Commercial Bank of Africa (CBA) to enter the country by March. Rwanda’s central bank governor John Rwangombwa was quoted in a Rwandan publication saying the National Bank of Rwanda is in the final stages of licensing the Kenyan headquartered CBA to operate in the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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