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Viewpoint: Microfinance Industry Most Vulnerable to Lockdown and Moratorium in India
As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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Press Release: FINCA International Launches Emergency Fund in Response to the COVID-19 Pandemic
FINCA International, a pioneer in microfinance and social enterprise, announced today the launch of the FINCA Emergency Response Fund. The fund responds to the immediate and ongoing financial, livelihood and health needs of customers and their communities across FINCA's global network of banks and social enterprises in the face of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
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In a Cash-Strapped Age, Are Microloans the Answer?
Digital microfinance has made it possible for the prosperous to help developing world entrepreneurs with capability but no capital.
- Categories
- Finance
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Brazil Undertakes Massive Tech-Enabled Financial Inclusion Exercise With “Coronavoucher”
Millions of unbanked citizens are receiving the government's emergency financial aid through a mobile app.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Viewpoint: Let FinTech Help Jumpstart The Economy
There is no doubt that the $2.2 trillion U.S. government stimulus package in the form of The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) will help deal with at least some of the economic consequences resulting from this pandemic crisis. The package includes unemployment benefits, loans to small businesses, $1,200 direct payments to individuals and a $500 billion Federal initiative to corporations. But there are several challenging issues with the administration of the CARES Act with which FinTech companies could prove extremely helpful, if given the opportunity to help.
- Categories
- Coronavirus, Finance
- Region
- North America
- Tags
- fintech, public policy
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Report: Over 500 Million Mobile-Money Users Expected in Africa in 2020
With 50 million new accounts created on the continent in 2019 and a 12% increase in registered users, Africa is by far the leading continent for mobile-money services. However, growth is uneven from one region to another.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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With 61% of Loan Book Tied up in High-Risk Microcredit, Bandhan Bank Feels the Heat of Coronavirus Lockdown
The nationwide lockdown to fight COVID-19 presents a major crisis for banks with high exposure to the microcredit segment. With many small businesses on the verge of shutting down, loan repayments may stop.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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Mobilizing Development Banks to Fight COVID-19
Both developed and developing countries urgently need large-scale funding to help maintain economic activity and jobs during the current pandemic. Fortunately, more than 400 development banks around the world can play a vital role in minimizing economic decline, supporting recovery, and financing structural transformation.
- Categories
- Coronavirus, Finance
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