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One-in-Three U.S. Adults Has No Emergency Savings Despite Improving Economy, Says New Survey
An improving economy has done little to help people prepare for a financial emergency, with 34 percent of adults in America -- more than 72 million people -- saying that they don't have any emergency savings, according to the second annual financial capability survey from NeighborWorks America. That is up from 29 percent of adults reporting no emergency savings in the similar survey one year ago.
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- savings
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3 Key Risks in Going Digital – and How Microfinance Institutions Can Address Them: Grameen Foundation provides risk management tips for MFIs adopting mobile solutions
The speed and convenience that make digital services attractive to clients can bring a host of new risks for financial institutions that serve the poor. In the second post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores some of these risks, and what MFIs can do to address them.
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Does Microfinance Still Hold Promise for Reaching the Poor?
Nearly two decades ago, when the concept of microfinance as a poverty reduction tool was in its infancy, there was hope that microcredit would transform economic and social structures. With its focus on reaching the previously unbanked, microcredit was expected to bring about change at the household level, a market in developing countries that traditional financial institutions had failed to reach.
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Viewpoint: McKinsey & Company Starts Its Own Version of Bain’s Bridgespan
The announcement that Helene Gayle, the retiring CEO of CARE, was going to be inaugural CEO of the McKinsey Social Initiative struck us as noteworthy for reasons that other press outlets really haven’t covered.
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In Myanmar, Microfinance Stagnates Due to Tough Rules
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
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- South Asia
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- lending, microfinance, regulations
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New Chinese Bank Becomes Major Headache for U.S.
Another day, it seems, brings another new member to China's latest big international initiative: a new development bank for Asia.
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- South Asia
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Indian Payments Company Oxigen Eyeing Up to $200 Million Expansion Drive
Payment solutions provider Oxigen is on a major expansion drive that includes hiring about 1,500 people and ramping up its payment network across semi-urban and rural India. The firm is also eyeing a large share of the remittances market and prepares the ground for launching a payments bank.
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- South Asia
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That Time a Hedge Funder Quit His Job and Then Raised $60 Million for Charity
Elie Hassenfeld had an enjoyable and lucrative career in finance. Then he discovered an unusual passion.
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