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Viewpoint: Entrepreneurial Dream mEntrepreneurial Dream Made Easy in Pakistan
When 40-year-old Salma Bai wanted to set up her own tea shop in Faisalabad, her main worry was obtaining the capital that was required to start an entrepreneurial venture.
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- South Asia
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- microfinance
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Brazilian Development Bank Loans $100m to Banco do Nordeste do Brasil to Expand Microcredit
Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Brazilian government’s development bank, reportedly has announced that it will loan USD 100 million to Banco do Nordeste do Brasil (BNB), a public bank operating in Brazil’s Northeastern Region. The investment will be made from the microcredit program of BNDES, and BNB will commit an additional BRL 42.8 million (USD 16.6 million) to the effort. The proceeds will be used to fund individual entrepreneurs as well as micro- and small enterprises (MSEs). The interest rate of the wholesale loan will be set according to the country’s Long-term Interest Rate (known as TJLP in portuguese), which currently stands at 5.5 percent, plus 1.1 percent [1].
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- Region
- Latin America
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- lending
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Why 2015 Will Be a Game-Changer for Financial Inclusion in India
When it comes to digital finance, India punches below its weight. The 2014 Intermedia Financial Inclusion Insight (FII) Survey of 45,000 Indian adults found that 0.3% of adults use mobile money, compared to 76% in Kenya, 48% in Tanzania, 43% in Uganda, and 22% in Bangladesh.
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- Region
- South Asia
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Alibaba Finance Arm Sets Up China Consumer Credit-Scoring System
The financial services affiliate of Alibaba (BABA.N) launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.
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- Uncategorized
- Region
- South Asia
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- credit scoring
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Uber Eyes Use of Mobile Money Service in Africa
Many people in Africa do not have credit cards, but do use mobile services on phones. After launching its service in seven African cities and hitting a few hitches, especially in Kenya, Uber is exploring the use of mobile money services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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How to Get 30 Fintech CEOs to Open Up About Financial Inclusion: Lessons from Accion’s inaugural CEO Forum
Who exactly are financial inclusion entrepreneurs, and what do they do on a day-to-day basis? The leaders at Accion’s recent CEO Forum represented diverse enterprises ranging in size from three employees to 200. Through discussions around regulation, talent, growth, financing and more, the event showed a lot about what drives – and what worries – these entrepreneurs and their businesses.
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How to Leave a Mark: Impact Investing
The big debate during the 20th century was about the relationship between the market and the state. Both those institutions are now tarnished. The market is prone to devastating crashes and seems to be producing widening inequality. Government is gridlocked, sclerotic or captured by special interests. Government is an ever more rigid and ineffective tool to address market failures.
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What’s Next for Philanthropy? More Investment and More Cooperation.
Washington-area philanthropy is becoming unabashedly business-minded. Practices such as impact investing and public-private partnerships that were experiments after the recession are now expected to be regular giving habits for many do-gooders. And that’s just for starters. Capital Business caught up with a few local philanthropy thought leaders to see what’s next for local giving in the region:
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