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Developing Countries Owe China at Least $1.1 Trillion – And the Debts Are Due
China remains the world’s single largest official source of development finance and continues to out-fund any single Group of Seven (G7) developed economy as well as multilateral lenders.
- Categories
- Investing
- Region
- Global
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MicroVest Invests in Bayport Colombia to Expand Access to Payroll Loans for Public Sector Employees
The investment aims to support Bayport’s goal of broadening its reach to a larger portion of public sector employees and pensioners to expand credit accessibility and financial empowerment.
- Categories
- Investing
- Region
- Latin America
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USD 26.5 Million to Bridge Energy Gaps in Sub-Saharan Africa
Oikocredit’s investment will support multiple solution providers with funds to procure, construct and maintain DRE generation and distribution assets in rural Africa.
- Region
- Global
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Scaling Climate Finance for Smallholder Agriculture: Lessons Learned from Partnering with Farmer-Allied Businesses
Small-scale agriculture supports the livelihoods of more than 600 million families and generates over 40% of jobs in Asia and sub-Saharan Africa. Yet as Elizabeth Teague at Root Capital points out, agricultural livelihoods are highly vulnerable to climate change, and smallholder farmers receive just 1.7% of global climate financing. She discusses how Root Capital is working with farmer-allied enterprises to help close this gap, sharing what they’ve learned about how to design and scale climate financing for smallholder communities.
- Categories
- Agriculture, Environment, Investing
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Promoting Financial Inclusion in Colombia’s Rural and Post-Conflict Areas
The debt facility provided by Triodos Microfinance Fund and Triodos Fair Share Fund will enable UNI2 to further expand its loan portfolio.
- Categories
- Finance
- Region
- Latin America
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World Bank’s IFC Backs Indian Insurtech Startup Onsurity in $24 Million Funding
Onsurity aims to fill the gap with its suite of offerings designed specifically for MSMEs enterprises and emerging businesses.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Press Release: IFC Grants Loan to Caja Los Héroes to Promote Financial Inclusion in Chile
This new financing seeks to further boost the growth and expansion of Caja Los Héroes' social credit framework.
- Categories
- Finance
- Region
- Latin America
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Wrap-Around Services Are Changing the Face of Microfinance – For the Better: New Research Shows the Impact of Going Beyond Credit
While loans have always been at the heart of microfinance, credit alone is often not enough to create meaningful impact. To address this, many providers offer additional wrap-around services — from training and health support to savings, insurance and payment solutions — aimed at increasing the impact of their loans. Devin Olmack at 60 Decibels shares findings from 60 Decibels' 2023 Microfinance Index, based on conversations with over 32,000 borrowers across 32 countries, that show the increasing need for a spectrum of services that go beyond microcredit.
- Categories
- Finance
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