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Nigeria: 10 Microfinance Banks Account for 40 Percent of Industry Loan
THE Central Bank of Nigeria (CBN) has said the ten microfinance banks account for 40 percent of total loans in the subsector.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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From Kentucky to Kenya: Celebrating Financial Inclusion’s Potential – And Facing its Limitations
The financial inclusion industry is arguably more innovative and attuned to the needs of low-income clients than ever before. But how much of an impact can it make in a world where the problems of poverty and income inequality increasingly plague not only low-income countries, but wealthy ones too? We discuss the issue as NextBillion's Financial Inclusion Month concludes.
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- Uncategorized
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MIT in search of Africa’s most innovative entrepreneurs
According to the MIT Legatum Centre, the Open Mic Africa program seeks to find and showcase Africa's top innovators while developing a dialogue among local entrepreneurs, investors and MIT.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- innovation
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There are too many e-wallets in India and most are near-empty
While the Indian e-wallet industry’s size stood at an estimated Rs154 crore in 2015-16, it is expected to zoom to Rs30,000 crore by the end of 2021-22. And everyone, from financial technology companies to banks to the government-backed National Payments Corporation of India, is scrambling for a share of that pie.
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- Uncategorized
- Region
- South Asia
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Kiva.org Reaches $1 Billion Milestone in Crowd-Funding Loans Disbursed Globally
Kiva provides financial support to low-income borrowers, enabling individuals from all over the globe who have few other opportunities for financial assistance to receive a critically needed loan.
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- Uncategorized
- Tags
- microfinance
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Commentary: The Surprising Resilience of Cash Transactions
While Singapore, the Netherlands, France, Sweden and Switzerland are among the least cash reliant countries, in Malaysia, Saudi Arabia, Peru and Egypt, only 1 per cent of transactions are cashless. Even some highly advanced countries, such as Japan, are still highly reliant on cash.
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- Uncategorized
- Tags
- digital payments
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MobiCash Launches MobiSpaza in South Africa
The new platform is a spaza sector-focused mobile platform and is an inclusive business tool that builds bridges between spaza sector stakeholders, such as private corporations, state-owned entities, co-operatives, and not-for-profit organizations, and the township communities they serve.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Building Tools to Measure How, and How Much, Consumers Benefit from Financial Inclusion
It's easy to affirm that financial inclusion is increasing. It's more difficult – because of a lack of reliable and actionable tools – to determine how adults derive value from financial inclusion. To address that need, insight2impact recently developed and tested a needs measurement framework concept that takes users’ actual usage patterns into consideration.
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- Uncategorized
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