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Microloans Help Latinas Become Entrepreneurs In Los Angeles
As if it were a sacred ritual, every week Gloria Sánchez meets to talk business with four other Hispanic women who are on their way to entrepreneurship thanks to the system of microloans.
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- Uncategorized
- Tags
- microfinance
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Banks Get Better Access To Tap Micro Segment
The newly launched branchless banking regulation will enable banks to expand their financial services to disadvantaged and low-income segments at affordable costs, a senior official of the Financial Services Authority (OJK) has said.
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- Uncategorized
- Region
- South Asia
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Roadmap: Microfinance Industry Eyes 10m Customers By 2018
Perhaps this is the reason why Pakistan Microfinance Network (PMN) Chairman Nadeem Hussain believes that an impressive growth of 20-25% per annum for the past many years has still not made the country’s microfinance industry ‘relevant’ in the fight against poverty.
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- Uncategorized
- Region
- North Africa & Near East
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Finance: Egypt’s Small Borrowers Have Big Potential
A new law permitting non-bank for-profit lending institutions may unleash a revolution in microfinance by allowing more actors and innovators to get involved.
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- Uncategorized
- Region
- North Africa & Near East
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- microfinance
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NBFCs say Reserve Bank of India’s new rules will work against financial inclusion, drive towards unscrupulous moneylenders
On a typical day, Rohit Bokhare makes about Rs 800 taking passengers in his Mahindra Xylo between Saki Naka in Andheri and Adlabs Imagica on the Mumbai-Pune expressway in Raigad district. The 51-year-old defaulted on repayment of the loan he took to purchase the utility vehicle for four months, which led his financier to come inquiring. Shriram Transport Finance, the non-bank finance company that financed the vehicle, last week found his Xylo lying in a garage for repair for 20-25 days, blocking his regular cash flow. To top it up, Bokhare had a repair bill of Rs 20,000-25,000. He couldn't pay the EMIs in the previous months because of family exigencies.
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- Uncategorized
- Region
- South Asia
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Kenya: Equity’s SIM Technology to Go Live By March – James Mwangi
EQUITY Bank plans to officially launch its mobile money platform Equitel - the trading brand of its telecoms subsidiary Finserve Africa - next quarter, chief executive James Mwangi said yesterday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- mobile finance
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UAE Fund To Provide $200 Million In Loans To Microfinance Projects In Egypt
A United Arab Emirates state investment fund announced on Monday it would provide $200 million in loans for microfinance projects in Egypt, a move it said would create more than 120,000 jobs by 2020.
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- Uncategorized
- Region
- North Africa & Near East
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Indian M-Wallet Market To Cross Rs 1,200 Crore By 2019: Study
The infant mobile wallet market in India is estimated to grow over threefold to Rs 1,210 crore in the next five years, buoyed by rising smartphone users and entry of newer players into the sector.
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- Uncategorized
- Region
- South Asia
- Tags
- mobile finance
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