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Press Release: Millicom Launches Rwanda’s First Mobile-Based Savings Product with Tigo Cash
Millicom (Stockholmsbörsen: MIC), the international telecommunications and media company, announced today that its Tigo operation in Rwanda has launched the country’s first mobile-based savings product – Tigo Sugira – with Tigo Cash.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Interview: Transforming Banking for the Poor: A Q&A With Jonathan Morduch
Microfinance was once heralded as a key weapon in the fight against global poverty. Yet some 2.5 billion impoverished people across the world still don’t have access to basic financial services, according to the latest World Bank data.
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- Uncategorized
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3 Key Risks in Going Digital – and How Microfinance Institutions Can Address Them: Grameen Foundation provides risk management tips for MFIs adopting mobile solutions
The speed and convenience that make digital services attractive to clients can bring a host of new risks for financial institutions that serve the poor. In the second post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores some of these risks, and what MFIs can do to address them.
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- Uncategorized
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Does Microfinance Still Hold Promise for Reaching the Poor?
Nearly two decades ago, when the concept of microfinance as a poverty reduction tool was in its infancy, there was hope that microcredit would transform economic and social structures. With its focus on reaching the previously unbanked, microcredit was expected to bring about change at the household level, a market in developing countries that traditional financial institutions had failed to reach.
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- Uncategorized
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Rwanda: Airtel to Give Clients Soft Loans
A micro-money lending platform whereby subscribers will be able to borrow up to Rwf50,000 payable in two weeks has been launched by telecom services provider, Airtel Rwanda and Atlantis Limited, a micro-finance institution.
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- Technology
- Region
- Sub-Saharan Africa
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MFTransparency is Dead … What Does That Mean for Pricing Transparency?: The CEO of the influential watchdog initiative discusses the future of pricing transparency in microfinance
MicroFinance Transparency recently announced that it has stopped collecting pricing data for the global microfinance industry. But as CEO Chuck Waterfield explains, that doesn’t mean the movement for transparent pricing is dead. He explains the decision and discusses how the industry can still make fair pricing a reality.
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- Impact Assessment
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Indian Payments Company Oxigen Eyeing Up to $200 Million Expansion Drive
Payment solutions provider Oxigen is on a major expansion drive that includes hiring about 1,500 people and ramping up its payment network across semi-urban and rural India. The firm is also eyeing a large share of the remittances market and prepares the ground for launching a payments bank.
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- Uncategorized
- Region
- South Asia
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Twitter Top Ten – 3/29/15
New partnerships. New data. New funding opportunities - even a (discouraging) new Twitter hashtag. This week in global development and social enterprise featured plenty of interesting stories, which generated no shortage of online chatter. We’ve sampled a bit of it, as always, in this top ten list.
- Categories
- Health Care
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