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PRESS RELEASE: Grameen China and JD.com Launch Crowdfunding Microfinance Project
JD.com, Inc. ("JD.com" or the "Company") (NASDAQ: JD), China's largest online direct sales company, and Grameen China, the China-based entity of Grameen Trust ("GT"), a non-profit and non-government organization committed to the cause of poverty alleviation, today announced that they have reached an agreement on a strategic partnership in China.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- crowdfunding, microfinance
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OPINION: Modi’s Financial Inclusion Scheme Is Not As Inclusive As You Might Have Thought
The government’s ambitious financial inclusion programme is about to get bigger. Last week, Finance Minister Arun Jaitley announced that the target for new bank accounts under the Pradhan Mantri Jan Dhan Yojana had been revised from 7.5 crore to 10 crore by January 26, 2015.
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- Uncategorized
- Region
- South Asia
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Three Keys to Unlocking Microinsurance’s Potential: The sector is growing – here’s how it can grow faster
Although microinsurance has grown in the shadow of flagship microfinance products like microcredit, it has slowly established itself as a dominant figure in inclusive finance. Yet it is still far from achieving its full potential, with challenges ranging from low coverage rates to lack of customer trust and limited cash-flows. Lisa Chassin of MicroSave outlines key practices that could boost the sector’s growth.
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- Uncategorized
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PRESS RELEASE: Bima Receives $5 Million Investment to Bring Microinsurance to Asia Pacific, Caribbean
Bima, the leading global microinsurance provider, announced a 5 million USD investment from Digicel Group, the leading total communications and entertainment provider in the Caribbean, Central America and Asia Pacific regions. This investment and the resulting partnership will help Bima to deliver access to affordable insurance on a scale never seen before in those regions.
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- Uncategorized
- Region
- Asia Pacific
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Banks in India Charging 22% to 26% on Microloans to Poor Borrowers
When it comes to lending to the poor, it is not just the micro finance institutions that charge high interest rates, but even bulgebracket banks such as Axis Bank to YES Bank charge as much as 22% to 26% a year.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Ghana Teams Up With Better Than Cash Alliance In Move Towards Cashless Economy
The Government of Ghana today took steps towards enhancing fiscal transparency and promoting the financial inclusion of its citizens by committing to a United Nations-backed initiative that supports countries’ transitions to electronic payments.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mercario Partnering With Mimetic Markets to Launch First Bitcoin Exchange in Honduras
Honduran Mercario partners up with American Mimetic Markets to launch the first Bitcoin exchange in Honduras. Hosted by Mimetic Markets, freshly announced trading platform Mercario will allow users to trade Honduran lempiras, Brazilian reals and bitcoins on a robust and scalable system. In a company's announcement, Mimetic Markets CEO Sameer Parekh Brenn stated:
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- Uncategorized
- Region
- Latin America
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MTN Launches Mobile Money Cross-Border Remittance Service Between Ivory Coast and Benin
Telecoms company MTN today launched mobile money cross-border remittance service between Ivory Coast and Benin. It said the service will further enable cheaper and easy movement of money in the West Africa region.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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