-
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.
- Categories
- Uncategorized
-
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.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
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.
- Categories
- Uncategorized
-
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.
- Categories
- Uncategorized
-
Breaking Down Development Myths: Metrics and data demolishing poverty misconceptions
As you might have seen, Bill and Melinda Gates recently released the 2014 edition of their annual Letter. This year, the theme of the correspondence was ‘Mythbusters’ – tackling the misconceptions and beliefs about development in the most powerful way possible: with data and real evidence.
- Categories
- Uncategorized
-
Kenyan Banks Battle to Go Fully Digital in Race for Cheap Deposits
A customer can deposit cheques, open an account, place standing orders, transfer funds, make balance enquiries and pay for utilities without actually going to the banking hall.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
NexThought Monday – Money Stories: What if financial products could accommodate the tales we tell ourselves?
We constantly create stories about ourselves and our experiences to help us make sense of the world. These stories even help us manage our finances. But by and large, financial institutions haven’t leveraged the power of users’ stories, and this contributes to some of the challenges they’ve faced in serving low-income customers.
- Categories
- Uncategorized
-
Faster networks to drive mobile money
THE roll-out of super-fast mobile networks will aggressively drive the uptake of mobile money services, as research by MEF, the global community for mobile content and commerce, shows a quarter of users say they do not make mobile payments because "the network is too slow".
- Categories
- Uncategorized
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.