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MasterCard Commits to the Inclusion of 40 Million Micro and Small Merchants
To date, financial inclusion has been predominantly centered on providing the underserved and the unbanked with tools and transaction accounts. This remains a critical need with two billion unbanked people, the majority of whom are women, forced to operate in a cash economy.
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FINCA Mexico Awarded Smart Certification for Keeping Clients First
Today, Financiera FINCA, S.A. de C.V. SOFOM E.N. R (FINCA Mexico), a leading microfinance organization, announced it received Client Protection Certification by the Smart Campaign recognizing its strong ethical standards on client care and protection.
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- Latin America
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Change.org Dives Into Crowdfunding
On Thursday, Change.org will launch a new feature with which petition signers can put their money where their signature is. It allows campaign creators to add a donation button to their petitions.
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- crowdfunding
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Rapid growth of MFIs’ gross loan portfolio sets alarm bells ringing in India
Microfinance companies extended heavier loans to their customers in the last financial year, data showed, raising concerns the sector that emerged from a crisis not far ago may be growing too fast yet again for its own good.
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- South Asia
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Tanzania: Concern As Higher Banking Fees Come Into Effect Today
Stakeholders say the increase threatens to reverse gains made in financial inclusion in the country. Banks have announced that fees charged on services such as withdrawals would increase following the government's decision to impose 18 per cent value added tax (VAT) on the charges.
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- Sub-Saharan Africa
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Press Release: Accion Welcomes Raza Dean and Nick Talwar to Its Board of Directors
"We are thrilled to welcome Raza Dean and Nick Talwar to the Accion Board of Directors," said Accion Board Chair Diana Taylor. "Both individuals bring unique and extensive experience in the financial services industry."
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Deposits up 118 percent over 21 months in India’s Jan Dhan financial inclusion program
The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) - a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 - increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend analysis of government data.
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- South Asia
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Perspective: Stop Social Entrepreneurship
Social Entrepreneurship has become the new buzzword among start-uppers and venture capitalists across the world. Myths of ‘Hero-preneurs’ who change billions of lives are showcased daily by international foundations and leading economic media.
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