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Microfinance Sees Huge Opportunity Following Banks’ Interest Rates Cap in Kenya
Micro Finance Banks see a huge opportunity for growth as bankers implement the new banking law capping Interest Rates at 4 per cent above the Central Banks Rate.
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- Region
- Sub-Saharan Africa
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- microfinance
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Weekly Roundup: Ending Disease, Growing Coffee and (Still) Distrusting Bankers
In our Weekly Roundup, we suggest that despite what you might see on Facebook, finding cures in laboratories is the easy part of healing the planet; we celebrate the buzz around relationship coffee; and we give readers one more reason to distrust bankers (and we're not even talking about Wells Fargo).
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Habitat for Humanity and IKEA Foundation to improve homes for children in India and Kenya
A €5.3 million grant from the IKEA Foundation will help families in poor communities in India and Kenya to improve homes through access to small loans and affordable, eco-friendly building materials and services.
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- microfinance
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KCB, Safaricom Lower Mobile Loans Interests After COFEK Pressure
KCB and its mobile money partner Safaricom have finally bowed to pressure to lower mobile money interest rates.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- lending
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India: IFC to Extend Up to $40m to Microfinance Firm Ujjivan Through Debt Investment
International Finance Corporation, the private investment arm of World Bank plans to invest up to $40 million in Indian micro finance institution Ujjivan Financial Services in form of a senior debt investment.
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- Uncategorized
- Region
- South Asia
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White House: U.S. to Support $10 Million in Loans to Myanmar Small Businesses
At the invitation of President Barack Obama, Daw Aung San Suu Kyi, State Counsellor of the Republic of the Union of Myanmar, is on an official visit to Washington, D.C. in September 2016. During the visit, State Counsellor Daw Aung San Suu Kyi and President Obama held a meeting on September 14 in the White House and adopted this joint statement.
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- Uncategorized
- Region
- South Asia
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- lending
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Fighting Poverty Through … Car Title Loans? A Q&A with Finova CEO Greg Keough
The words "car title loan" are usually associated with cycles of debt and repossessed vehicles rather than any positive social impact. But Finova, a Florida-based startup, hopes to change that image and disrupt the $5.3 billion emergency cash lending industry by providing un- and under-banked people in the U.S. with access to fairly priced loans, while improving their credit scores and helping them get out of debt. We spoke with Greg Keough, Finova's CEO, in this Q&A.
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- Uncategorized
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MTN Shuts Down Mobile Money Service in South Africa, Plans to Start Selling Insurance
In a country where more than 75 percent of people have bank accounts, South Africa-based mobile phone operator MTN Group has pulled the plug on its mobile money service there, saying it’s not viable.
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- Uncategorized
- Region
- Sub-Saharan Africa
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