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PRESS RELEASE: Citi, OPIC and ACBA Credit Agricole Bank Support the Growth of the Microfinance Sector in Armenia
New York, NY, June 24, 2014 /3BL Media/ – Citi and the Overseas Private Investment Corporation (“OPIC”) today announced a $10 million lending facility, using their existing framework partnership, to support the growth of ACBA Credit Agricole Bank’s agribusiness microfinance portfolio in the Republic of Armenia.
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Impact Investing: $1.5 Billion in Commitments and a New Resource for Policymakers
It's a great week for impact investing. At the White House roundtable on impact investing today, corporations, banks, foundations, and individuals including Prudential, Capricorn Investment Group and the Omidiyar Network committed to invest more than $1.5 billion in new capital into companies and funds that strive to generate positive financial and social returns. US government agencies, including the Small Business Administration, USAID and Treasury, also announced programs to support impact investments and social enterprises.
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- impact investing
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MTN offers Mobile Money Visa in South Africa
MTN SA has launched a Visa card for Mobile Money users in SA.
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Forget Bitcoin: There’s A Better Model For Mobile Money
It's called M-Pesa, and it's also spreading around the world.
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OPINION: Equity crowdfunding in U.S. is a disaster waiting to happen
Equity crowdfunding was supposed to be an economic boon. Instead it’s a disaster waiting to happen.
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Why mobile money has failed to take off in India
As we report this week, in much of the developing world, mobile money is evolving.Initially just a means of making payments, it’s now becoming a platform for an entire financial-services industry.
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BitPesa set to launch in Nairobi
Kenyan startup BitPesa is set to formally launch in Nairobi next week, bidding to bring down the high transaction fees associated with international money remittance companies by taking advantage of the digital, borderless currency Bitcoin.
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- Sub-Saharan Africa
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India to allow crowdfunding
India has become the first Asian country, outside Australasia and Japan, to propose a regulatory framework for crowdfunding, the retail-targeted funding platform for start-up companies and individual projects.
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