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Micro lending startup ApexPeak to raise massive $200-million fund
ApexPeak is a micro lender that aims to loan money faster and easier than traditional banks would allow.
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- Tags
- mobile finance
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Keeping Your Impact Business Team Motivated: It starts with knowing their motivations
Keeping a team engaged and motivated in Impact Business is a point of huge importance and a challenging one for that matter. After all, the traditional financial rewards don’t apply in this space; you cannot compete with the same incentives large corporates use for their employees. So what is it going to be? Do you understand what drives each of your employees to work in your business? How can you ensure they always have access to that one thing that keeps them going and keeps them motivated?
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Authors reveal how banks fought hard to kill M-Pesa
Kenyan banks fought tooth and nail to have M-Pesa shut down one year after its launch as its popularity was spreading like bushfire and posed a threat to their operations, a new book launched last evening reveals.
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- Uncategorized
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- Sub-Saharan Africa
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India’s SKS Microfinance recovering from Andhra Pradesh crisis
SKS Microfinance Ltd, India’s only listed microlender, plans to raise Rs.400 crore in the next fiscal year with a maximum equity dilution of 20%.
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- Region
- South Asia
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Global microfinance market expected to grow
Global Microfinance market to grow at a CAGR of 16.61% percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased focus on the untapped markets. The Global Microfinance market has also been witnessing the formation of credit bureau for microfinance institutions. However, the issue of sustainability with respect to outreach could pose a challenge to the growth of this market.
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Insolvency among microfinance banks could hamper Nigeria’s financial inclusion strategy
The Central Bank of Nigeria’s (CBN) financial inclusion strategy targets a reduction of adult population financially excluded from 46 percent to 20 percent by the year 2020. This objective cannot be achieved completely without active involvement of microfinance banks (MFBs) operating in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nonprofit launches the first global P2P lending platform
Zidisha has launched its global direct microlending platform at the legendary tech startup incubator Y Combinator. Dubbed an "eBay for microlending", Zidisha is the first online P2P lending platform to link individual lenders and borrowers directly across international borders.
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Banking for All – Drive to ensure world’s poor have access to accounts
For banks, there is the chance to harvest the deposits of millions of new customers and establish a presence in small but fast-growing markets.
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