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Somaliland: Silatech and Kaaba Microfinance Partner to Support Youth Enterprise
Silatech has signed a Memorandum of Understanding with Kaaba Microfinance Institution (K-MFI), based in Somaliland, to promote youth enterprise and employment solutions. The agreement paves the way for the two organizations to jointly develop a Youth Enterprise Fund, which will provide dedicated funds and technical assistance to microfinance institutions throughout Somaliland.
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A Bank Account for All Adults … By 2016: India’s Nachiket Mor committee report has made headlines – will it make an impact?
In India, 40 percent of the population doesn’t have access to financial services. But a Reserve Bank of India committee has recommended providing bank accounts for all Indian adults by 2016 - and it has an intriguing plan for doing so. Some see this as “the starting point for a new financial architecture" in India. Will the impact measure up to the ambition?
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African mobile phone leaders take action to expand financial inclusion
The 2nd African Mobile Phone Financial Services Policy Initiative (AMPI) Leaders Roundtable meeting held 4-6 February 2014 in Naivasha, Kenya, was a historic event and tremendous step forward in moving the region toward collectively focusing on harnessing and further enabling the expansion of digital financial inclusion across Africa.
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Don’t charge to enlarge: the effect of interest rate changes on microfinance access
A STORY in the finance section this week looks at what has happened to microfinance interest rates. To summarise briefly: we argue that as microfinance for the very poorest borrowers has expanded, microfinance institutions (MFIs) have had to raise their rates. As MFIs target poorer, less reliable customers, they need to charge higher rates to cover increased defaults and steeper funding costs.
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Is there a war for mobile money agents going on in Zimbabwe?
Over the past several days, the discussion in the mobile money space locally has been around a threatening SMS that Econet was accused of sending to their EcoCash agents, essentially telling them that becoming Telecash agents would be a bad move.
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Is equity crowdfunding the next channel capital source?
Kirill Bensonoff, founder of ComputerSupport.com, is investigating a nontraditional source of capital as his IT services company gears up for expansion: crowdfunding.
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Microinsurance could soon be sold by local grocery stores, gas stations in India
Micro insurance products could soon be sold by local grocery stores, public call offices (PCOs), fuel outlets and ration shops in rural areas. However, insurance sector officials also believe this would hamper the need-based sale objective.
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Will T-Mobile be able to sort out America’s personal finance woes?
Not content with conquering one industry, the Seattle-based mobile network company is moving into the realms of personal finance
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- mobile finance
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