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Commercial Bank of Africa to Offer Direct Mobile Lending in Uganda
Commercial Bank of Africa (CBA) is introducing a Mobile Micro Savings and Loans product in Uganda allowing customers to borrow money via their phones.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Accion and Opportunity Fund Launch Study Analyzing Impact of Microloans on U.S. Small Businesses
Will be the first national, longitudinal, qualitative study to focus on microfinance and economic well-being outcomes.
- Categories
- Uncategorized
- Region
- North America
- Tags
- microfinance
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Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of Detroit Residents
Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. Participants make monthly loan payments and take turns receiving zero-interest social loans, ranging from $300 to $2,500. All loan payments are reported to credit bureaus, enabling participants to build a credit history, raise credit scores and work towards greater financial stability.
- Categories
- Uncategorized
- Region
- North America
- Tags
- lending
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Viewpoint: Murmurs of a Fresh Crisis in India’s Microfinance Sector
The questions of microfinance, overlending and women’s suicides are cropping up all over again. The murmurs have been going on for a while, broadly indicating that the hotspots have shifted to eastern Uttar Pradesh and some other pockets.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Weekly Roundup: Acumen’s SolarAid Acquisition, Davos Deja Vu , the Grumpy Gates Critics
This week we explore Acumen's purchase of the SolarAide research arm, ruminate on the Davos script and do a little defending of the Gates Foundation.
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- Uncategorized
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Will Technical Illiteracy Mar Rwanda’s Ambitious Financial Inclusion Target?
As part of its goal to have 100 percent of adults formally financially included and to build a robust payments system that facilitates a cashless economy by 2020, Rwanda is targeting 80 percent financial inclusion by 2017 through the aid of the Financial Sector Development Programme II.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Social Business Incubator Villgro Completes First Round of Fundraising
Social business incubator Villgro has completed the first round of fundraising for its impact fund Menterra Venture Advisors that it has launched for making early-stage investments in healthcare, energy, agriculture, education and skilling startup companies.
- Categories
- Uncategorized
- Region
- South Asia
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Five Minutes With Entrepreneur Christine Souffrant, Founder And CEO, Vendedy
“Instead of creating another charity company or e-commerce websitewith static images of products that are only bought during [the] holidays,” Christine Souffrant was keen on thinking differently when creating her social enterprise, Vendedy. The founder and CEO says that the core motivation behind her startup, which connects street sellers with consumers, was to try and meet the challenge of creating a stable consumer base for those forced to turn to touristic, traffic-heavy streets to sell their wares in cities around the world that are rife with economic challenges.
- Categories
- Uncategorized
- Tags
- fintech