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Indonesia’s Financial Services Authority plans cap on microcredit interest rates, banks on alert
Indonesia's Financial Services Authority plans to set a cap on microcredit rates this year, a move that would put domestic lenders on alert as micro-lending has been seen as the most profitable credit segment.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- microfinance
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Weekly Roundup – 9/20/14: An awkward moment, new momentum and a brewing battle highlight recent developments in finance
Muhammad Yunus has issued some pointed criticisms of microfinance’s turn toward profit. But is the sector he pioneered listening to him - and are his ideals even realistic in the first place? We discuss these questions - along with signs of momentum in impact investing and new developments in a Kenyan mobile money battle - in this Roundup.
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- Uncategorized
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Don’t Grow For Growth’s Sake: Smart Growth For Social Enterprises
“How small can I stay, while still driving big, transformative impact?” It’s an exciting question some social entrepreneurs are now asking themselves as they consider how to turn a good idea into a scalable solution.
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- Uncategorized
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MasterCard and Bansefi to drive financial inclusion in Mexico
MasterCard and BANSEFI, the social bank of Mexico, announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments.
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- Uncategorized
- Region
- Latin America
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Why the U.S. Lags the World in Mobile Payments
Many American consumers are beyond excited by the prospect of Apple Pay, but overseas the iPhone's latest feature is old news.
- Categories
- Uncategorized
- Tags
- mobile finance
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African depositors grew fivefold since 2004 according to IMF Financial Access Survey
An International Monetary Fund (IMF) survey revealed that among African countries reporting data on commercial bank depositors, depositors per 1,000 adults experienced a fivefold increase from 2004 to 2013, while simultaneously achieving a 40-percent growth in real GDP per capita.
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- Uncategorized
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PRESS RELEASE: Bata Shoe Foundation Announces $25,000 in Award Funding for Young Entrepreneurs
In commemoration of the 100th anniversary of the birth of Thomas J. Bata, the Thomas J. Bata Legacy Award will support responsible entrepreneurship in emerging markets
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Safaricom prepares for battle, sets date for new Mpesa network
The stage is set for deployment of Safaricom’s long-awaited new M-Pesa system, raising stakes in the ongoing battle between the mobile phone service provider and a slew of new entrants in the mobile money transfer business, led by Equity Bank.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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