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Zimbabwe Is on Lockdown, but Money-Changers Are Still Busy
A chronic shortage of Zimbabwean dollar notes and US dollars keeps money-changing services in high demand.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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World Bank Group Plans $12M Loan to Mongolia Microfinance Company
With the deal, Transcapital will be able to provide more access to finance for small enterprises and underserved individuals, especially women and people living outside the capital of Ulaanbaatar, IFC said.
- Categories
- Finance
- Region
- Asia Pacific
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Coronavirus Could Spark Demand for E-Wallets, Digital Banks in LatAm
The coronavirus outbreak could drive financial inclusion in Latin America, as governments look for agile partners to distribute state aid and large segments of the informal economy grapple with restricted access to cash.
- Categories
- Coronavirus, Finance
- Region
- Latin America
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In Africa, COVID-19 Crisis Puts Squeeze on Millions Who Rely on Remittances
Remittances amount to 5% of GDP in at least 13 African countries. For some, like tiny Lesotho, they amount to 23% of its annual income. With stay-at-home orders throwing millions out of work in Western countries, millions of Africans are feeling the pinch.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Viewpoint: Microfinance Industry Most Vulnerable to Lockdown and Moratorium in India
As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- microfinance
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Press Release: FINCA International Launches Emergency Fund in Response to the COVID-19 Pandemic
FINCA International, a pioneer in microfinance and social enterprise, announced today the launch of the FINCA Emergency Response Fund. The fund responds to the immediate and ongoing financial, livelihood and health needs of customers and their communities across FINCA's global network of banks and social enterprises in the face of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
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In a Cash-Strapped Age, Are Microloans the Answer?
Digital microfinance has made it possible for the prosperous to help developing world entrepreneurs with capability but no capital.
- Categories
- Finance
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Brazil Undertakes Massive Tech-Enabled Financial Inclusion Exercise With “Coronavoucher”
Millions of unbanked citizens are receiving the government's emergency financial aid through a mobile app.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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