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ADF Supports Digital Financial Inclusion for African Women With $6.95 Million
The Africa Digital Financial Inclusion Facility (ADFI), supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB) has committed to financing digital financial inclusion in Africa with six grants totalling $ 6.95 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Svasti Microfinance Raises $4.2 Million
Svasti Microfinance Private Limited (Svasti), an RBI Licensed MFI, has raised a total of INR 310 million from its existing investors Adar Poonawalla, Nordic Microfinance Initiative (NMI) and Rajiv Dadlani Group.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: Deetken Impact and Pro Mujer Receive $1.3 Million From USAID to Advance Gender Equality and Promote Gender Smart Practices in SMEs in Latin America
Deetken Impact and Pro Mujer receive US$1.3 million from USAID to augment the Ilu Women’s Empowerment Fund through three main components—incremental capital, technical assistance, and knowledge dissemination and advocacy.
- Categories
- Finance, Social Enterprise
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Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring
Experian, the world leader in information services, has partnered with FinScore, the pioneer in delivering telco data credit scoring to the unbanked and underbanked populations in the Philippines.
- Categories
- Finance
- Region
- South Asia
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Women and Sustainable Finance: Fuel for the Engine of COVID Recovery
There is broad consensus on the need to intervene as a matter of urgency, in order to provide relief for women and underserved communities. However, governments and businesses have the opportunity to go one step beyond, and build the kind of resilience that will outlast any pandemic.
- Categories
- Coronavirus, Finance
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Press Release: DFC Promotes Gender Equity in Financing Across India With $50 Million Investment
U.S. International Development Finance Corporation (DFC) today announced the second disbursement of a $50 million loan to Northern Arc Capital to expand access to loans in several priority sectors across India.
- Region
- Asia Pacific
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Cambodia Microfinance Association Members Have Restructured $1.4 Billion in Loans During the Pandemic
Financial institutions that are members of the Cambodia Microfinance Association (CMA) restructured some $1.397 billion in loans for 289,422 borrowers as of February 28 since the National Bank of Cambodia (NBC) on March 27 issued a circular on loan restructuring during Covid-19, according to CMA.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Press Release: Kinara Capital Secures 7 Million From IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs
Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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