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Report: Recovery Lending Program Prevents Thousands of African Families from Falling into Extreme Poverty after Climate Shocks
A report released by DFID, World Vision UK and VisionFund International has revealed that an innovative market-based approach was central in building resilience to the El Nino climate shock that impacted East Africa throughout 2016 and early 2017. These findings are critical as climate change continues to impact the world’s most vulnerable communities.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa
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The untold story behind IndusInd Bank-Bharat Financial merger
Bharat Financial’s earlier avatar SKS’s quest to become a bank started in right earnest from the day it realized that once small finance banks are in place, it would be difficult to successfully run the microfinance business.
- Categories
- Finance
- Region
- South Asia
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Press release: New FICO Credit Scores Provide Lenders Opportunity to Expand Access to Credit in India for Nearly 350 Million
FICO® Score for India is based on traditional credit data available from any of the major credit bureaus in India. FICO® Score X Data India, in partnership with LenddoTM, evaluates alternative data such as that from a consumer's digital footprint (web or mobile device) to produce a score for consumers who don't have enough traditional data on file with one of the Indian credit bureaus to produce a FICO® Score for India.
- Categories
- Uncategorized
- Region
- South Asia
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Blockchain for Inclusion? Gates Foundation Strikes Tepid Tone at Money2020
Bitcoin and other blockchain applications may help expand access to financial services for the world's poor, but the technology is not the cure-all that some of the early rhetoric in the space made it out to be.
That’s the takeaway from a panel discussion Sunday at Money2020 in Las Vegas featuring representatives of the Bill & Melinda Gates Foundation and Omidyar Network, two of the most prominent philanthropic organizations focused on promoting financial inclusion.- Categories
- Finance
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Press release: Visa Launches Foundation With Inaugural Grant to Women’s World Banking
At the heart of the Visa Foundation is the belief that micro and small enterprises are the backbone of the global economy. In fact, small and medium enterprises account for more than 90 percent of enterprises worldwide, and contribute 50-60 percent of global employment. However, these segments struggle to access the financial tools, capital and training programs required to enable them to fully thrive. The Visa Foundation’s core mission is to support efforts to rectify this imbalance.
- Categories
- Uncategorized
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Ghana Police Reveal Telco Workers Complicit In Mobile Money Fraud
The Director in charge of the Cyber Crime Unit of the Ghana Police Service, Chief Superintendent Dr. Herbert Gustave Yankson, told The Finder that, as a result of fake identifies, the unit is able to investigate and prosecute only 10% of cases reported, due primarily to the use of fake identities to register SIM cards.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital identity, fintech
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Impact investors flock to sustainable agriculture
"There's total momentum right now around people rethinking about how their money is being put to work," said Kate Danaher, senior manager of social enterprise lending and integrated capital at RSF Social Finance. "Impact investing as a whole is growing very quickly, and my guess is that if you polled everyone interested, the most popular sector is sustainable food and ag."
In fact, according to the Global Impact Investing Network's most recent survey (PDF), 63 percent of impact investors said they were putting their dollars into food and agriculture, and impact investment in the sector has grown at an annual rate of 32.5 percent since 2013.- Categories
- Agriculture, Investing
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