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Myanmar Startup Takes on Moneylenders With Short-Term Microfinance Loan Options
Debt is a huge problem in Myanmar. Data is scarce, but in many poor communities on the outskirts of Yangon experts believe the majority of households are in debt.
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- Uncategorized
- Region
- South Asia
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Microfinance boom catches attention of private banks in India
Private banks are making acquisitions or buying stake in MFIs to tap their growing customer base, retail lending potential.
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- Uncategorized
- Region
- South Asia
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Ban Announces Launch of New Partnership Platform to Support Financing for Sustainable Development Goals
Announcing the launch today of a new platform for scaling up innovative finance solutions to support the achievement of the Sustainable Development Goals (SDGs) by 2030, United Nations Secretary-General Ban Ki-moon said the initiative can help in identifying and piloting innovative finance instruments that can drive investment and support well thought-out SDG interventions.
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- Uncategorized
- Tags
- financial inclusion, SDGs
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Asian Development Bank partners with Citi to provide US$100 million for microfinance in Asia
Asian Development Bank (ADB) has entered into an agreement with Citi to expand local currency lending to the microfinance sector under the Microfinance Risk Participation and Guarantee Program.
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- Uncategorized
- Region
- South Asia
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Survey: Multiple microloans making borrowers highly indebted in Indonesia
Fifty-nine percent of micro borrowers may be indebted as they face difficulties managing their finances to repay their mounting loans, according to a recent survey conducted in four cities in West Java.
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- Uncategorized
- Region
- Asia Pacific
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Siemens Stiftung Announces Winners of the Empowering People Award
Global contest awards 200,000 Euros prize money to most innovative low-tech solutions that sustainably help improve lives in developing countries.
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- Uncategorized
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Making Microfinance More Effective
For the 2.5 billion people who live on less than $2 per day, shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns and even wedding or funeral expenses can be enough to tip them, their families, or even an entire community below the poverty line. A major challenge for international development efforts is determining which financial tools provide durable buffers against such setbacks.
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Weekly Roundup: Preventing Zika, Improving Microfinance and Percolating Progress
It’s not too early to start thinking of creative differential pricing strategies that might help poor people afford a Zika vaccine; it's not too late for microfinance to regain some of the allure it's lost in recent years; and the time is just right for East Africa to up its coffee production game. Read all about these items, and more, in our Weekly Roundup.
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- Uncategorized
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