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PWC to Liquidate Troubled Microfinance Company DKM’s Assets to Pay Back Depositors in Ghana
PriceWaterhouse Coopers is to liquidate the assets of troubled microfinance company, DKM, to raise money to payback depositors whose monies were locked up with the company, the Governor of the Bank of Ghana said Tuesday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mapping the Path to Full Financial Inclusion
When attempting to solve a complex development challenge, we often jump from creating ambitious goals to making plans, without first identifying who we need to reach with our goals, where those people reside, and what challenge and opportunities they face. That’s why one of the underappreciated keys to meeting a development goal is to draw a map - and why maps provide the theme for this year's State of the Microcredit Summit Campaign Report: Mapping Pathways out of Poverty.
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- Uncategorized
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From Planning to Execution: Using Value Chain Approach to Lending to Smallholder Farmers and Agribusiness
Lack of financial data about agribusinesses and smallholder farmers makes it even more difficult to adopt conventional methods of credit assessment. Most plain vanilla financial products are ill-suited to the cash flow requirements of an agribusiness, which is often cyclical in nature. But where most financial institutions see a challenge, we at Samunnati saw an opportunity in lending to smallholder farmers and agribusinesses.
- Categories
- Agriculture
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Village Capital and PayPal Strengthen Relationship to Improve Access to Financial Services Across the Globe
Today, Village Capital, the venture development organization that finds, trains and funds entrepreneurs working to solve global challenges, and PayPal Holdings, Inc. (Nasdaq:PYPL), the global technology platform and payments leader, announced an expanded global relationship to support entrepreneurs focused on democratizing access to financial services for low-wealth individuals, families and small businesses. Together, with the support of local ecosystem partners, they will operate three venture development programs in 2016, supporting emerging FinTech innovators in Latin America, the United States and India. The joint initiative represents the first time a lead program partner has entered into a global collaboration with Village Capital to accelerate innovation in one of its areas of impact.
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- Uncategorized
- Region
- South Asia
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Big Data isn’t Enough: We Need an ‘All of the Above’ Strategy to Drive Innovation in Financial Inclusion
Researchers love talking about their data and methods as a “toolbox,” and with the rise of big data, they’ve got a fancy new tool. However, the reason for carrying a toolbox is that there are very few projects where just one tool, no matter how powerful, is sufficient to get the job done. It’s necessary to recognize the weaknesses of big data as well as its strengths, and to think about what other types of data are needed to complement it.
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- Technology
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IFC Boosts Financial Access for SMEs in Colombia With New Loan to Banco Pichincha
IFC, a member of the World Bank Group, strengthened its support to Colombia’s small and medium sized enterprises (SMEs) with a new US$80 million loan to Banco Pichincha, a bank that strives to sharply boost its lending to Colombian SMEs and low-income students.
- Categories
- Uncategorized
- Region
- Latin America
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NexThought Monday: Why Digital Wallets Stay Empty – and Six Ways Providers Can Help
In emerging economies throughout the world, people have flocked to mobile payment solutions, whether it’s to send money home, facilitate informal business transactions or pay bills. Yet most digital accounts are empty and serve mainly as a pass-through for such payments, which limits the transformational potential of mobile money. Here are several factors which make digital accounts an illogical store of value for people with low and uncertain incomes, and six ways providers can address this issue.
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- Uncategorized
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Kiva’s New Fund Targets 1 Million Women Entrepreneurs – But How Much Impact Should We Expect?
Last week, the Inter-American Development Bank and the U.S. State Department joined microfinance pioneer Kiva to launch the Women’s Entrepreneurship Fund. The fund matches the contributions of lenders who respond to a woman entrepreneur’s loan request on Kiva’s online platform, and hopes to crowdfund loans for 1 million entrepreneurs. But in spite of the excitement around the announcement, questions about both Kiva’s approach and the broader microfinance model remain.
- Categories
- Investing
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