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MFI credit bureau on course in Ghana
Work on a credit referencing system for the microfinance sector is scheduled to be completed by middle of next year, the Ghana Association of Microfinance Companies (GAMC) has said.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Vittana to “cease to exist as a standalone organization”: The education-focused P2P microlender will wind down in its current form, its CEO says
“One of our founding beliefs was that once we reached scale, we could do our work sustainably, without shifting costs and risk onto the students,” wrote CEO Robin Wolander in announcing Vittana’s wind-down. “But after five years ... we haven’t found a robust business model to wean ourselves off that support.”
- Categories
- Education
- Tags
- lending, microfinance
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Y Combinator Nonprofit Zidisha Changes Microfinance Equation
The nonprofit says it has figured out a way of getting a 90% repayment rate on business loans to the types of people no financial institution would trust–young people in poor African countries without as much as a permanent address.
- Categories
- Uncategorized
- Tags
- lending, microfinance
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Reserve Bank of India Deputy Governor asks bankers to be innovative on home loans
Reserve Bank Deputy Governor R Gandhi today asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.
- Categories
- Uncategorized
- Region
- South Asia
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Achieving ‘Resilience’: Financial services beyond the scramble to survive
Since the Microcredit Summit Campaign began in 1997, the world of financial services for the poor has shifted from microcredit to microfinance—a broader range of formal and informal products and services. Resilience: The State of the Microcredit Summit Campaign Report 2014 reflects these changes with an interesting discussion of innovations that go beyond credit.
- Categories
- Education
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Chocolate at Risk?: Why sustainable finance is crucial to ensuring a steady cocoa supply for the world’s chocolate industry
Smallholder cocoa farmers in Côte d’Ivoire produce 40 percent of the world cocoa supply. Yet the vast majority still live in poverty due to declining productivity, and in the absence of long-term financing opportunities, many have been changing to other crops. Rainforest Alliance’s Helen Roy describes how socially-minded investors are mobilizing capital to help these farmers revive their land.
- Categories
- Agriculture, Environment
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Seven Strategies to Attract 40+ Million New Customers: How U.S. banks can serve immigrants today and tomorrow
The surge of unaccompanied minors crossing the U.S. border has put the immigration debate back in the headlines. But CFSI’s Thea Garon argues that the more important issue is whether the millions of immigrants who already live in the U.S. have what they need to succeed. She lays out new research from CFSI on how financial service providers can serve immigrants - both now and if comprehensive immigration reform is passed.
- Categories
- Investing
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How Abandoned Houses Are Creating a Golden Opportunity: An Interview With Antonio Díaz, Founder and CEO of Provive
Mexico experienced its own housing boom and bust. More than 7 million homes were constructed in the last decade, thanks in large part to government incentives. But the building wave left more than 600,000 abandoned homes, hot spots for drug abuse and vagrancy. Provive, a social impact enterprise that both renovates houses and revitalizes entire communities, is improving property values with an eye toward profit.
- Categories
- Uncategorized
- Tags
- interviews, lending
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