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The tumultuous journey of Bharat Financial Inclusion
Bharat Financial Inclusion, formerly SKS Microfinance and India’s first listed microfinance firm, faces a potential merger with IndusInd Bank, which some experts say is the only way for its survival.
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- Uncategorized
- Region
- South Asia
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New act in Thailand to give social enterprises a big boost
Social Enterprises Act will propose that the National Legislative Assembly (NLA) set a target for the rest of this year and through 2018 to boost the number of social enterprises in the country.
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- Uncategorized
- Region
- Asia Pacific
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Entrepreneurship and Millennials Are Thriving in Emerging Markets
Plenty of ink has been spilled on the root causes behind this troubling phenomenon, from high student debt to the rising costs of healthcare. Yet there is one part of the world where entrepreneurship is alive and well: emerging markets.
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Vodafone launches financial inclusion project for women
The project would see groups of women under the Village Savings and Loans Scheme and Rural Project Support Network, introduced to financial inclusion opportunities including the use of Vodafone cash.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Peer to Peer Lender Amartha Partners with Largest State Owned Micro-credit Company in Indonesia
Peer to peer lender Amartha has formed a partnership with the largest state-owned micro credit guarantee company in Indonesia, Perum Jamkrindo. This follows a similar partnership with Bank Mandiri. Amartha is an online lender designed to connect Micro Businesses and SMEs that seek affordable working capital with investors who want to fund their business based on credit risk and expected return. This is a significant agreement for Amartha. Indonesia is the fourth most populous country in the world and support of small business is vital to the economy. Jamkrindo is a state-owned enterprise that has been given a special mandate by the Government to guarantee credit and financing, as well as financial transactions particularly in the SME and micro segments. Jamkrindo is the largest credit guarantee company in Indonesia with total guarantee value of more than Rp 270 Trillion and 8 Million credit.
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- Uncategorized
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- South Asia
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Rise of pan-African banking could raise between $490-$950bn in additional credit for sub-Saharan Africa
To date, Sub-Saharan Africa (SSA)’s financial sector remains relatively small and underdeveloped. However, African banks have started to expand their footprint across Sub- Saharan Africa. The number of cross border subsidiaries of African banks has almost tripled since 2002 and there are now ten pan-African banks (PABs) with a presence in at least ten SSA countries, and one with a presence in over 30 SSA countries.
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- Uncategorized
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- Sub-Saharan Africa
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Happy Labor Day
America’s celebrating Labor Day today, so NextBillion’s editors are taking a little time off to honor our workers and maybe even go to a parade. Wherever you are, have a wonderful day. Be sure to check back in with us tomorrow for some agricultural content for our September theme.
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Financial inclusion and the right to privacy
While Aadhaar promises to bring improvements in the delivery of services to poor people and under-served communities, it could also facilitate the collection of massive amounts of information, which would expose vulnerable consumers to privacy risks—competing factors that well-crafted legislation can address.
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- Uncategorized
- Region
- South Asia
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