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Zimbabwe cash crisis hits microfinance institution GetBucks
“When we do have cash we have been able to disburse money, but particularly bond notes that we are receiving from the Reserve Bank of Zimbabwe. It differs daily based on demand so on one day it can be $30, $50 and $100. Its similar with what is prevailing in the market,” Soko said.
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- Uncategorized
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- Sub-Saharan Africa
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- microfinance
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Intellecap CEO Nisha Dutt gets social entrepreneur of year award
Nisha Dutt, Chief Executive Officer of Hyderabad-based Intellecap has been honoured with the “Social Entrepreneur of the Year” award at The 7th Asian Awards in London.
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Why cross-border payments are the next innovation frontier
Market analysts have predicted that cross-border payments are the next frontier where innovative technologies will challenge the existing expensive, clunky business models.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Post offices are key to scaling up remittances and financial inclusion in Uganda
The new project, “Scaling Up Remittances and Financial Inclusion in Uganda,” will provide remittances services in poor rural communities as well as in refugee settlements, many of which are taking in those fleeing conflict and food insecurity in neighbouring South Sudan.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Wider, deeper VC investment needed for Indian and African mobile money firms, says Gates Foundation report
In excess of 233 million and 60 million people in India and East Africa respectively still lack formal bank accounts and 50% of small businesses don't have access to formal credit. Financial technology (fintech) enabled firms such as M-Pesa in Kenya, which provides mobile payment, saving and credit facilities to 30 million people in East Africa, and the Paytm giant mobile m-commerce operation in India that claims 200 million users, are still the exception in terms of providing access to financial services for poor people.
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It’s Time to Match Tools with Our Understanding of Consumers and Financial Inclusion
Established in 2015 as a resource centre to help find new ways to use data to assist the financial inclusion community, insight2impact recently released its "i2i Measurement Framework Note series." The document introduces a new theory and set of measurement frameworks designed to help stakeholders achieve their good intentions and is underpinned by three key insights.
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AfDB Approves U.S.$ 15 Million Equity Investment in Shore Capital Fund to Support Inclusive Growth in Africa
With a target capitalization of US$ 150 million, the Fund will provide growth capital and capacity building to inclusive financial institutions such as Small Business Banks (SBBs), microfinance institutions (MFIs), insurance providers, leasing companies, housing finance companies and financial technology providers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Banking the unbanked in emerging markets
Unlike the U.S., however, where 93% of people have banking options, many in developing markets do not. Globally, an estimated 2 billion adults lack access to formal financial services. The services that are available are typically cumbersome and expensive.
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- Uncategorized
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