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Banks Are Now Handing Out Loans to People They’d Normally Shun
Before Jeff Stewart could credibly advance the notion that your Facebook friend network could—or even should—help you get a loan, he had to prove the system worked and was reliable. It took a long time. I first met him in 2012, a year after he’d launched Lenddo, pitching it as a new way for people just entering the middle class to qualify for and receive loans. His startup planned to use Facebook data to assess credit risk, and to make loans to well-qualified candidates, starting in the Philippines.
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- Uncategorized
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Why 2015 Will Be Important for Financial Inclusion in India
The year 2015 could be a watershed year for India in its quest to provide access to a wide range of financial services to all its citizens.
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- Uncategorized
- Region
- South Asia
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Serving SMEs in a Tough Neighborhood: Part two of our Q&A with the CEO and Managing Director of the Middle East Investment Initiative
The Middle East Investment Initiative is a U.S.-based non-profit whose mission is to develop innovative finance tools for SMEs in the Middle East and North Africa, including the Palestinian Territories. Its CEO and Managing Director discuss the challenges it faces - from attitudes toward women to political instability - working in this volatile region.
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Accion Microfinance Bank Attains National MFB Status in Nigeria, Gives Out N32bn Loans
Accion Microfinance Bank Limited has upgraded to the category of a national microfinance bank (MFB). By this development, the bank said, it has surpassed the Central Bank of Nigeria (CBN) requirements for a national MFB.
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- Uncategorized
- Region
- Sub-Saharan Africa
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bKash CEO Discusses the Scope, Growth and Future Prospects of Mobile Banking in Bangladesh
In a recent interview with Dhaka Tribune, Kamal Quadir, CEO of bKash, discusses the scope, growth and future prospects of mobile banking in our country.
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- Uncategorized
- Region
- South Asia
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Peace Through Finance?: How the Middle East Investment Initiative uses financial tools to help a troubled region
It often seems like a unique set of religious and tribal conflicts are responsible for the Middle East’s problems. But they’re also driven in part by a more universal concern: a weak economy. That’s why the Middle East Investment Initiative is delivering finance and technical assistance that stimulate sustainable economic growth in the region. We discuss this approach with the organization’s CEO and Managing Director in part 1 of this Q&A.
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MasterCard and Movistar Launch Peru’s First Mobile Money Service
With the goal of promoting financial and social inclusion in Peru, Movistar, in alliance with MasterCard, has announced the launch of “Your Mobile Money” (Tu Dinero Movil), the first electronic money service in Peru, which will offer users significant savings in their money transfers.
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- Technology
- Region
- Latin America
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Etisalat Partners with Firstbank to Provide Mobile Money in Nigeria
In a partnership which industry watchers hailed as capable of entrenching financial inclusion and lead innovation in mobile payment systems, Etisalat Nigeria and FirstBank have teamed up to provide Firstmonie on the Etisalat Easywallet SIM application solution.
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- Uncategorized
- Region
- Sub-Saharan Africa
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