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How Latino Entrepreneurs Can Fight Intergenerational Poverty: The Impact of Retirement Plans
Hispanics in the United States have an estimated buying power of $1.4 trillion – about 10 percent of the country's buying power. Despite this economic clout, they lag behind in retirement savings. Traditionally, many have taken care of their elderly parents and, in turn, expect their children to do the same for them. Manuel Carvallo of Hispanic Wealth suggests it's time for the growing number of Latino entrepreneurs to take the lead by establishing retirement plans.
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- Uncategorized
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Zambia Launches Its First National Financial Inclusion Strategy
The strategy, policy and the survey report are a product of extensive stakeholder consultations with members of the public sector, private sector, civil society organizations, and academia led by the Government's National Financial Inclusion Drafting Committee. The strategy will guide Zambia in its plan to achieve the universal access and use of a broad range of affordable financial products and services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Report: 52 Million People in Latin America Protected by Microinsurance
More than 8.2% of the population in Latin America and the Caribbean had at least one microinsurance policy as of December 2016, with 52.1 million people insured corresponding to USD 420 million in Gross Written Premiums.
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- Uncategorized
- Region
- Latin America
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UN Considering Reforms to Deliver the SDGs
As Member States and civil society begin the process of evaluating the implications of the Secretary-General’s report, this policy brief seeks to enhance the level of understanding and engagement in the debate through a review of the assessment of the UN development system undertaken by external experts and the Secretary-General’s related reform proposals.
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- Uncategorized
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- global development, SDGs
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Centrum Capital to acquire FirstRand Bank’s microfinance business in India
As part of starting up, Centrum Capital has executed a definitive agreement to acquire the Indian microfinance business of South Africa-based FirstRand Bank, which currently has around 70,000 customers in the Maharashtra region and employs over 300 people. This is the second lending business the firm has recently entered, following its entry into affordable housing finance at the end of last year.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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Muhammad Yunus: No reason for Grameen Bank operations in India
"In the mean time I suggested (them) to give limited banking license to successful MFIs (microfinance institutions) so that they can take deposits to become financially self- reliant, and expand their operation at a faster speed," he says.
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- Uncategorized
- Region
- South Asia
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Nigeria’s Bank of Industry partners Gates Foundation, CGAP on financial inclusion
The Bank of Industry (BoI), Bill and Melinda Gates Foundation and Consultative Group to Assist the Poor (CGAP) have gone into partnership to deepen financial inclusion and poverty eradication in Nigeria.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Tanzania: Government Unveils 10-Year National Microfinance Plan
The Vice-President noted the implementation of the National Microfinance Policy would enable the low income population which was excluded from financial services to begin benefiting from the services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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