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Universal Financial Access Vital To Reducing Poverty, Says World Bank President Jim Yong Kim
Leaders at a major World Bank Group forum put forward a vision for achieving universal financial access by 2020.
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Microfinance key to achieve MDGs–Nobel awardee
JUST like microcredit, Nobel laureate Muhammad Yunus, founder of Grameen Bank in Bangladesh, said on Friday the banking system needs to be redesigned so it can provide everybody access to financial services.
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Microfinance in the Crosshairs: Will Kyrgyzstan’s usury bill backfire?
Microfinance has become a subject of controversy, as predatory lenders and unfair interest rates have tarnished its image and led to government interventions. But in Kyrgyzstan, a country with little financial regulation and no sovereign credit rating, increasing regulations may soon have negative consequences for the very clients they’re intended to protect.
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NexThought Monday: Our Top 5 Tips for BoP Marketing: What are yours?
Inspired by discussions at the Hystra’s Marketing Innovative Devices to the Base of Pyramid as well as our own extensive experience in marketing life-changing products to the BoP, here at Living Goods, we thought it was high-time we shared our Top 5 Tips for BoP Marketing. Like any good list, we hope it sparks a vibrant discussion...
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FEATURED EVENT: The BoP Global Network Summit 2013
Join the first BoP Global Network Summit and learn more about the practices that are revolutionizing the world economy and changing the lives of thousands in BoP communities around the world. The summit takes place Nov. 7-8 at the Natura Convention Center, Cajamar - São Paulo, Brazil.
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Bank of Jamaica Developing Agent Banking System to Reach the Unbanked
In pursuit of greater financial inclusion, the banking regulator plans to allow traditional banking institutions to partner with third parties to offer banking services, as agents. As much as a third of the Jamaican population are 'unbanked', that is they do not use or have limited access to the formal banking system.
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CBK proposals likely to end M-Pesa dominance
SAFARICOM'S Mpesa platform may soon be open for use by other mobile payment services providers if new regulations published by the Central Bank are effected. This could end the mobile company's dominance of the mobile money market which has locked many subscribers to its network.
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Policy interventions go wrong
It is a classic case of a government policy going horribly wrong. It was intended to protect consumers' right, but it ended up hurting them the most. When the Andhra Pradesh government sought to restrict microfinance institutions' (MFI) activities in December 2010, it was with good intentions.
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