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Africa long way off from introducing first ‘unicorn’
Continent continues to innovate while waiting for the first US$1bn company.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Crisis Looms in Southern India’s Microfinance Sector
Trouble for the Rs 57,000-crore microfinance sector is brewing again with drought-hit Karnataka, the largest MFI market with about 14% share, emerging as the new stress point with non-payment of dues. There are repayment concerns also in some smaller pockets of Tamil Nadu, two persons familiar with the development said. As many as 20 NBFC-MFIs, including all the large ones, operate in Karnataka, which is otherwise a mature market for microfinance activity.
- Categories
- Uncategorized
- Region
- South Asia
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MetLife Renews Sponsorship Of “Multipliers of Prosperity” Financial Inclusion Site
MetLife Foundation today proudly announces its third year as sponsor of Multipliers of Prosperity, an award winning custom content hub led by WSJ. Custom Studios that helps raise awareness about the challenges and opportunities in the realm of financial inclusion.
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- Uncategorized
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Indian MFI Spandana Sphoorty raises $270 million
Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, which will facilitate its exit from the corporate debt restructuring cell (CDR) after seven years, it said in a statement on 31 March.
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- Uncategorized
- Region
- South Asia
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Ford Foundation to Put $1 Billion of Endowment in Impact Funds
The Ford Foundation is committing $1 billion of its endowment over the next 10 years to money managers who invest in affordable housing and financial services for people in developing countries.
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- Uncategorized
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Don’t Fear the Rate Cap: Why Cambodia’s Microcredit Regulations Aren’t Such a Bad Thing
The Cambodian government recently shocked its microcredit industry by capping interest rates at 18 percent – about half the current rate of most loans. Many analysts sympathetic to the industry have strongly criticized the move, but Milford Bateman argues it's actually an important step in protecting the poor – and resolving an "existential crisis" in a sector plagued by unsustainable growth and high over-indebtedness.
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- Uncategorized
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JazzCash partners with Women’s World Banking to serve low-income women in Pakistan
JazzCash, Pakistan’s digital financial service provider, and Women’s World Banking, a global non-profit organization, have announced a partnership to promote women’s financial inclusion across Pakistan.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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As Delhi hikes minimum wage, trade unions urge other Indian states to follow
A "historic" move to raise the minimum wage of millions of Delhi's poorest workers by almost 40 percent should be extended to other parts of the country to fight exploitation, trade unions and rights groups said on Tuesday.
- Categories
- Uncategorized
- Region
- South Asia
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