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IFC Lends P700 Million to Two Philippines Financial Institutions for MSME Financing
The International Finance Corporation (IFC) will provide a seven-year loan to CARD Bank, Inc. and CARD SME Bank, Inc. to benefit micro, small, and medium enterprises (MSMEs), microfinance borrowers, and women in rural areas.
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- Uncategorized
- Region
- Asia Pacific
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Bill Gates | 2016 Will Be the Year of Financial Inclusion
Bill Gates describes himself as a technologist, business leader, and philanthropist. More recently, he was called the most generous man in the world.
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- Uncategorized
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- South Asia
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Barclays Officially Opens Hub to Catalyse Fintech Innovation in Africa
Last month, ex-Barclay’s CEO Antony Jenkins warned that banks face massive disruption within the very near future. Similar to how the popular ride-sharing app Uber is upsetting the balance within the transport industry, so too does the financial services sector face inevitable disruption. Technologies such as cryptocurrencies, blockchains and mobile are opening up cheaper, faster and more secure avenues for services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Indian Microlender SV Creditline Gets $8M From Blue Orchard
Delhi-based microfinance firm SV Creditline Pvt Ltd (SVCL) said on Friday it has raised $8 million (Rs 52 crore) in funding from global impact investment manager Blue Orchard.
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- South Asia
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New Report Calls for Scale-Up of Financial Services “Pathways” to Help End Extreme Poverty
The Microcredit Summit Campaign released its 17th annual survey of the global microfinance industry December 9th at the Inclusive Finance India Summit held in New Delhi, India. Campaign Director Larry Reed featured the publication, "Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015," in his presentation on Wednesday to attendees of India’s premier financial inclusion conference.
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- Uncategorized
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- South Asia
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Zimbabwe’s Microfinance Institutions Have Lost Their Way, Says Reserve Bank Governor
The Reserve Bank of Zimbabwe Says Microfinance institutions have lost their way as they are concentrating on maximising profit and need re-orientation to ensure they focus on supporting marginalised people living in rural areas to promote financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Leveraging Public Assistance to Promote Financial Inclusion in America
In a report out today, the Asset Building Program at New America argues that Temporary Assistance for Needy Families (TANF)—the national welfare program designed to help move low-income families to employment and reduce dependency on the safety net—has features that keep families in the financial margins and make it harder to get out of poverty.
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Smart Campaign Recognizes Five Indian Financial Institutions for Exceptional Standards of Client Care
Arohan, Grameen Koota, Janalakshmi, Sonata and Utkarsh Awarded Smart Certification at Inclusive Finance India Summit in New Delhi.
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- Uncategorized
- Region
- South Asia
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