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India’s microfinance institutions see gross loan growth of 69% in the previous quarter
Microfinance institutions saw a healthy 69% growth in their gross loan portfolio in the April June quarter compared to that in the same period of last year.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Firstmonie partners with MMIT to facilitate online purchases in Nigeria
Firstmonie, the mobile money platform of First Bank of Nigeria Limited, has partnered with Mobile Media Info Tech Global Limited to commence a new mobile wallet capability that allows consumers to purchase services on international merchant websites. This initiative is the first of its kind in the African mobile money and payment landscape.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Nigeria Is Africa’s Top Remittance Recipient Nation
MobileMoneyAfrica will host the RemitAfrica conference on Nov 04 – 05 in Lagos, the economic capital of Nigeria, Africa’s largest remittance nation.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- remittances
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South Africa Shines in Financial Inclusion Report
SAS CORES high on a global index measuring progress in financial inclusion in emerging markets.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Tough Challenges Await India’s Chandrashekhar Ghosh’s Bandhan in Its Commercial Bank Avtaar
On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which were given full-service banking licences by the Reserve Bank of India (RBI) in April, 2014, from a list of 25 aspirants that included big business houses. The other is IDFC.
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- Uncategorized
- Region
- South Asia
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Scaling Up Insurance for Resilience in Africa
Improved access to insurance can boost the resilience of vulnerable communities to recurrent disasters such as droughts and floods in Sub-Saharan Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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50th Microfinance Institution Launched in Cambodia
The Royal Microfinance institution launched its operations in Cambodia on Thursday, bringing the total number of micro-lenders in the kingdom to 50.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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Viewpoint: How We Talk About Microfinance: Alex Counts Replies to Dean Karlan
On Sunday, August 23, as I was enjoying some of the final days of summer visiting friends in New Hampshire, I noticed that I had been tagged in a tweet by Dean Karlan, the founder and president of Innovations for Poverty Action. He provided a link to an article about FINCA that included extensive quotes from its CEO, Rupert Scofield. He asked Rupert if he really believed microfinance could reduce terrorism, and asked me what I thought (“whatcha think?” was the precise formulation of his question). Hetweeted again on Monday, asking whether I was “still going to stand by [my] claim that no microcredit leaders make grandiose and overselling impact claims?”
- Categories
- Uncategorized
- Tags
- lending, microfinance
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