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Asian Development Bank approves $40 million loan to help promote financial inclusion in Cambodia
The Asian Development Bank (ADB) approved a $40 million loan and a $600,000 technical assistance grant on Friday to help strengthen Cambodia’s financial sector and promote financial inclusion within the country’s unbanked population, according to the ADB’s statement.
- Categories
- Uncategorized
- Region
- South Asia
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India’s Most Remote Villages Are Getting Better Healthcare With This Cloud-Based Solution
In India, public health care is free, yet years of under-investment in public health means that facilities are also grossly understaffed and under-equipped. The country also has a massive resource gap of over 4 million health workers and, to compound problems, nearly 60% of existing health workers practice in urban areas.
- Categories
- Health Care, Technology
- Region
- South Asia
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Impact investing in India could touch $6-8 billion by 2025: McKinsey
McKinsey & Co. says impact investing in India has the potential to grow from $1 billion worth of investments in 2015 to $6-8 billion by 2025. According to McKinsey, the Indian impact investment space has seen $4.1 billion worth of cumulative investments in the past six years. The pace of investment is growing at 15% annually, it said.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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Accion Venture Lab Completes First Successful Exit in India-Based Lender Varthana, Generating Financial and Social Returns
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion leader Accion, announced today that it has successfully exited an investment for the first time. Venture Lab has sold its stake in Varthana, a company providing specialized loans and support to affordable private schools in India, promoting access to and the quality of education for India's poor and emerging middle class.
- Categories
- Uncategorized
- Region
- South Asia
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Demonetization Seems Like Deflation for Many People in India; Danger Signal for PM Modi
Narendra Modi talked emotionally about his commitment to eliminating black money yesterday (13 November) and sought 50 days to fix the cash crisis created by the demonetisation of Rs 500 and Rs 1,000 notes. Actually, he has far less time than that as the ordinary citizen’s patience is wearing thin after hours of standing in the sun before bank branches or ATMs. Modi has a potential PR disaster and political setback to reckon with.
- Categories
- Uncategorized
- Region
- South Asia
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M-Wallets Surge in Small Towns in Nation-Wide Cash-Crunch in India
As India outlawed its two biggest banknotes, mobile wallets are witnessing a spurt in enquiries and usage in small towns, as unavailability of currency hit wide across the country.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Demonetization Turns Out to Be a Double Whammy for India’s Microfinance Sector
The demonetisation of high-value currency notes has come as a double whammy for micro finance institutions (MFIs), which have temporarily stopped providing credit to their customers while loan repayments have also taken a major hit, industry sources said.
- Categories
- Uncategorized
- Region
- South Asia
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The fresh round of investment by Eight Road Ventures
IFMR Capital, which helps financial institutions serving poor people raise funds, has received $25 million in funding from Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. This is Chennai-based IFMR Capital’s second round of institutional funding.
- Categories
- Impact Assessment
- Region
- South Asia
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